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Nonprofiteer
← GOSPEL MUSIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by GOSPEL MUSIC ASSOCIATION INC.

Totals

Total revenue
$4,245,401
Total expenses
$516,461
Contributions and grants received
$4,096,781
Grants paid
$300,095
Program service revenue
$0
Investment income
$148,081
Other revenue
$539
Total assets, end of year
$4,017,445
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,017,445
Program services expenses (Part IX)
$515,981
Management and general expenses
$480
Fundraising expenses
$0
Program service expenses (Part III)
$515,981

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,000,000

  • 1f · All other contributions, gifts and grants

    $1,096,781

  • 3 · Investment income

    total $148,299 · related or exempt $70,176 · excluded $78,123

  • 7a · Gross sales of assets other than inventory

    securities $30,003

  • 7b · Less cost or other basis and sales expenses

    securities $30,221

  • 7c · Gain or loss

    securities -$218

  • 7d · Net gain or loss

    total -$218 · excluded -$218

  • 11a · Other revenue: OTHER REVENUE

    total $539 · related or exempt $539

  • 11e · Other revenue, total

    $539

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $298,445 · program services $298,445

  • 2 · Grants to domestic individuals

    total $1,650 · program services $1,650

  • 11a · Fees: management

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $1,170 · program services $1,170

  • 11g · Fees: other

    total $140,255 · program services $140,255

  • 13 · Office expenses

    total $2,216 · program services $2,216

  • 16 · Occupancy

    total $41,433 · program services $41,433

  • 17 · Travel

    total $112 · program services $112

  • 19 · Conferences, conventions and meetings

    total $1,500 · program services $1,500

  • 23 · Insurance

    total $3,600 · program services $3,600

  • 24a · Other expenses: MEDIA BUYS

    total $600 · program services $600

  • 24b · Other expenses: LICENSES

    total $331 · management and general $331

  • 24c · Other expenses: BANK & CHECK FEES

    total $149 · management and general $149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,847 · end of year $256,275

  • 7 · Other notes and loans receivable

    beginning of year $101,908 · end of year $101,908

  • 10a · Land, buildings and equipment: cost or other basis

    $39,318

  • 10c · Land, buildings and equipment, net

    end of year $39,318

  • 11 · Investments: publicly traded securities

    beginning of year $22,210 · end of year $3,619,944

  • 27 · Net assets without donor restrictions

    beginning of year $276,965 · end of year $4,017,445

Mission and programs · 2022

Mission

EDUCATION, RECOGNITION, AND PRESERVATION OF THE HISTORY AND LEGACY OF ALL FORMS OF GOSPEL MUSIC, PROVIDING EDUCATIONAL RESOURCES THAT ENCOURAGE PARTICIPATION AND APPRECIATION.

  • GMA HONORS - TO HONOR AND RECOGNIZE LEGENDS IN THE GOSPEL MUSIC INDUSTRY, INDUCT NEW HONORS MEMBERS, AND TO PROMOTE GOSPEL MUSIC.

    Expenses $515,981 · Grants $300,095

As filed on the 2022 return.

Listed in Part VII

  • Marc Ackerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Brandes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wes Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allen Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Dorris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rhonda Lowry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Paul Sizelove

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Deforest Blake Soaries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cary Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zach Wamp

    EXECUTIVE CO

    Total calculated
    $0
    Hours/week
    2

  • Jackie Patillo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
20 August 2024
IRS schema version
2022v5.0
Source object
202412339349301031

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