Totals
- Total revenue
- $4,321,613
- Total expenses
- $2,423,061
- Contributions and grants received
- $3,784,683
- Grants paid
- $1,523,445
- Program service revenue
- $0
- Investment income
- $536,930
- Other revenue
- $0
- Total assets, end of year
- $13,893,513
- Total liabilities, end of year
- $37,644
- Net assets or fund balances, end of year
- $13,855,869
- Program services expenses (Part IX)
- $2,110,699
- Management and general expenses
- $259,754
- Fundraising expenses
- $52,608
- Program service expenses (Part III)
- $2,110,699
Program services were 87.1% 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.
-
1d · Related organizations
$2,750,000
-
1f · All other contributions, gifts and grants
$1,034,683
-
1g · Noncash contributions included above
$12,823
-
3 · Investment income
total $425,767 · excluded $425,767
-
7a · Gross sales of assets other than inventory
securities $162,685
-
7b · Less cost or other basis and sales expenses
securities $51,522
-
7c · Gain or loss
securities $111,163
-
7d · Net gain or loss
total $111,163 · excluded $111,163
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,523,445 · program services $1,523,445
-
7 · Other salaries and wages
total $310,880 · program services $216,964 · management and general $62,176 · fundraising $31,740
-
11c · Fees: accounting
total $9,250 · management and general $9,250
-
11f · Fees: investment management
total $48,599 · management and general $48,599
-
11g · Fees: other
total $77,654 · program services $73,651 · management and general $125 · fundraising $3,878
-
12 · Advertising and promotion
total $11,247 · management and general $11,247
-
13 · Office expenses
total $6,451 · program services $1,568 · management and general $4,850 · fundraising $33
-
14 · Information technology
total $12,576 · management and general $12,576
-
17 · Travel
total $38,437 · program services $15,809 · management and general $20,164 · fundraising $2,464
-
24a · Other expenses: PRODUCTION
total $221,143 · program services $201,053 · management and general $20,090
-
24b · Other expenses: F&B, CATERING, HOSPITAL
total $77,963 · program services $66,083 · management and general $11,755 · fundraising $125
-
24c · Other expenses: ADMINISTRATIVE
total $64,269 · management and general $50,148 · fundraising $14,121
-
24d · Other expenses: GIFTS AND AWARDS
total $19,387 · program services $11,587 · management and general $7,800
-
24e · All other expenses
total $1,760 · program services $539 · management and general $974 · fundraising $247
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $511,542 · end of year $770,670
-
2 · Savings and temporary cash investments
beginning of year $3,184,035 · end of year $4,828,665
-
4 · Accounts receivable
beginning of year $36,540 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $7,295,363 · end of year $8,294,178
-
17 · Accounts payable and accrued expenses
beginning of year $30,442 · end of year $7,644
-
19 · Deferred revenue
beginning of year $0 · end of year $30,000
-
27 · Net assets without donor restrictions
beginning of year $6,510,722 · end of year $9,369,553
-
28 · Net assets with donor restrictions
beginning of year $4,486,316 · end of year $4,486,316
Mission and programs · 2023
Mission
GUIDED BY THE GENEROSITY OF THE COUNTRY MUSIC COMMUNITY, THE CMA FOUNDATION FOCUSES ON IMPROVING AND SUSTAINING MUSIC EDUCATION PROGRAMS EVERYWHERE WHILE SUPPORTING WORTHWHILE CAUSES IMPORTANT TO THE COUNTRY MUSIC ASSOCIATION.
Activities or mission (Part I)
THE CMA FOUNDATION EXISTS TO PROVIDE FINANCIAL SUPPORT TO WORTHWHILE CAUSES THAT ARE IMPORTANT TO THE COUNTRY MUSIC ASSOCIATION AND THE COUNTRY MUSIC COMMUNITY. THE CMA FOUNDATION PLACES SPECIAL EMPHASIS ON SERVING THE NEED OF CMAS CORE CONSTITUENTS, NONPROFIT ORGANIZATIONS WITH INITIATIVES THAT PRESERVE THE LEGACY OF THE FORMAT, MUSIC EDUCATION, AND RESPOND TO CATASTROPHIC NEEDS.
-
THE CMA FOUNDATION FOCUSES ON IMPROVING AND SUSTAINING MUSIC EDUCATION PROGRAMS EVERYWHERE WHILE SUPPORTING WORTHWHILE CAUSES IMPORTANT TO THE COUNTRY MUSIC ASSOCIATION.
Expenses $2,110,699 · Grants $1,523,445
As filed on the 2023 return.
Listed in Part VII
-
Kella FarrisKELLA FARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric JimenezERIC JIMENEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike DunganMIKE DUNGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennie SmytheJENNIE SMYTHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joe GalanteJOE GALANTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mendell GrinterMENDELL GRINTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay WilliamsJAY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karen FairchildKAREN FAIRCHILD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brittany SchafferBRITTANY SCHAFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Debbie CarrollDEBBIE CARROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Virginia BunettaVIRGINIA BUNETTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tyne ParrishTYNE PARRISH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Stephen ParkerSTEPHEN PARKER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Sarah TrahernSARAH TRAHERN
EX OFFICIO - PRESIDENT
- Total calculated
- $939,558
- From this org
- $0
- From related orgs
- $846,134
- Other
- $93,424
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $600,000 related
- Bonus
- $0 + $245,102 related
- Other
- $0 + $1,032 related
- Deferred
- $0 + $84,510 related
- Nontaxable benefits
- $0 + $8,914 related
- Filer's total
- $0 + $939,558 related
-
Amy SmarttAMY SMARTT
EX OFFICIO - SECRETARY/TRE
- Total calculated
- $256,454
- From this org
- $0
- From related orgs
- $226,478
- Other
- $29,976
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $224,792 related
- Bonus
- $0 + $102 related
- Other
- $0 + $1,584 related
- Deferred
- $0 + $22,484 related
- Nontaxable benefits
- $0 + $7,492 related
- Filer's total
- $0 + $256,454 related
-
Tiffany KernsTIFFANY KERNS
EXECUTIVE DIRECTOR
- Total calculated
- $259,658
- From this org
- $0
- From related orgs
- $229,261
- Other
- $30,397
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $228,943 related
- Bonus
- $0 + $102 related
- Other
- $0 + $216 related
- Deferred
- $0 + $22,905 related
- Nontaxable benefits
- $0 + $7,492 related
- Filer's total
- $0 + $259,658 related
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
THE MR HOLLANDS OPUS FOUNDATION
$208,000
FY24 GRANT - MUSIC HAS VALUE PARTNERSHIP
-
$100,000
MHA GRANT - INV 3/22/24
-
MUSIC WILL FKA LITTLE KIDS ROCK
$100,000
FY24 - MUSIC WILL
-
$100,000
FY24 GRANT - N4N
-
FY24 GRANT - ARTSED DATA
-
$85,000
FY24 GRANT - SAVE THE MUSIC
-
CHEVY MTOE GRANTS - MNPS MTOE SCHOOL AWARD
-
TENNESSEE PERFORMING ARTS CENTER
$50,000
TPAC GRANT
-
FY24 GRANT - CMHOF
-
$50,000
FY24 GRANT - ARTIST YEAR
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(6) · TRADE ASSOCIATION · TN
Directly controlled by YES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443489349300224
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.