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VOL. 132 | NO. 159 | Friday, August 11, 2017

MIM Posts Surplus, Will Honor Czech Republic in 2018

By Bill Dries

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The Czech Republic will be the honored country for the 2018 Memphis In May International Festival, organizers of the 41-year-old event announced Thursday, Aug. 10.

The 2017 month-long set of events honoring Colombia posted a $278,000 surplus, according to financial statements released by MIM during its annual meeting Thursday at the Memphis Botanic Garden.

The 2017 festival brought in $9.9 million in revenues against $9.7 million in expenses. That compares to a $329,689 loss for the 2016 festival and a $493,225 surplus in 2015.

Memphis In May’s biggest event in terms of expense, revenue and attendance, the Beale Street Music Festival, held on the month’s opening weekend, grossed $3.7 million – a festival record and a 19 percent increase from 2016.

The dates for the 2018 events are: Beale Street Music Festival May 4-6; International Week May 7-13; World Championship Barbecue Cooking Contest May 16-19; and 901Fest & Great American River Run May 26.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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