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Nonprofiteer
← CMA FOUNDATION

Form 990 for tax year 2022

Filed by CMA FOUNDATION.

Totals

Total revenue
$4,441,791
Total expenses
$1,507,192
Contributions and grants received
$4,168,317
Grants paid
$948,543
Program service revenue
$0
Investment income
$273,474
Other revenue
$0
Total assets, end of year
$11,027,480
Total liabilities, end of year
$30,442
Net assets or fund balances, end of year
$10,997,038
Program services expenses (Part IX)
$1,093,255
Management and general expenses
$413,937
Fundraising expenses
$0
Program service expenses (Part III)
$1,093,255

Program services were 72.5% 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

    $3,794,053

  • 1f · All other contributions, gifts and grants

    $374,264

  • 1g · Noncash contributions included above

    $27,518

  • 3 · Investment income

    total $291,992 · excluded $291,992

  • 7a · Gross sales of assets other than inventory

    securities $47,044

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

    securities $65,562

  • 7c · Gain or loss

    securities -$18,518

  • 7d · Net gain or loss

    total -$18,518 · excluded -$18,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $948,543 · program services $948,543

  • 7 · Other salaries and wages

    total $14,185 · management and general $14,185

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 11f · Fees: investment management

    total $46,607 · management and general $46,607

  • 11g · Fees: other

    total $84,719 · program services $17,500 · management and general $67,219

  • 12 · Advertising and promotion

    total $4,324 · management and general $4,324

  • 13 · Office expenses

    total $5,868 · management and general $5,868

  • 14 · Information technology

    total $10,978 · management and general $10,978

  • 17 · Travel

    total $13,861 · management and general $13,861

  • 19 · Conferences, conventions and meetings

    total $579 · management and general $579

  • 24a · Other expenses: ADMINISTRATIVE

    total $228,136 · program services $28 · management and general $228,108

  • 24b · Other expenses: F&B, CATERING, HOSPITAL

    total $72,895 · program services $61,437 · management and general $11,458

  • 24c · Other expenses: PRODUCTION

    total $59,775 · program services $59,775

  • 24d · Other expenses: GIFTS AND AWARDS

    total $8,222 · program services $5,972 · management and general $2,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $718,714 · end of year $511,542

  • 2 · Savings and temporary cash investments

    beginning of year $2,560,375 · end of year $3,184,035

  • 4 · Accounts receivable

    end of year $36,540

  • 9 · Prepaid expenses and deferred charges

    beginning of year $750 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,464,254 · end of year $7,295,363

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,004 · end of year $30,442

  • 27 · Net assets without donor restrictions

    beginning of year $4,253,773 · end of year $6,510,722

  • 28 · Net assets with donor restrictions

    beginning of year $4,486,316 · end of year $4,486,316

Mission and programs · 2022

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 $1,093,255 · Grants $948,543

As filed on the 2022 return.

Listed in Part VII

  • CHARLIE MORGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERIC JIMENEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JENNIE SMYTHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE GALANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KAREN FAIRCHILD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY MCBRYDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RON SAMUELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAMIE CHECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE DUNGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRIS KAPPY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINDSAY ELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MENDELL GRINTER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • TYNE PARRISH

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • SARAH TRAHERN

    EX OFFICIO - PRESIDENT

    Total calculated
    $864,652
    From this org
    $0
    From related orgs
    $824,434
    Other
    $40,218
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $599,332 related
    Bonus
    $0 + $225,102 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $9,718 related
    Filer's total
    $0 + $864,652 related

  • AMY SMARTT

    EX OFFICIO - SECRETARY/TRE

    Total calculated
    $240,528
    From this org
    $0
    From related orgs
    $213,073
    Other
    $27,455
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,863 related
    Bonus
    $0 + $1,210 related
    Other
    $0
    Deferred
    $0 + $21,113 related
    Nontaxable benefits
    $0 + $6,342 related
    Filer's total
    $0 + $240,528 related

  • TIFFANY KERNS

    EXEC DIR & VP COMMUNITY OU

    Total calculated
    $197,665
    From this org
    $0
    From related orgs
    $174,015
    Other
    $23,650
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,805 related
    Bonus
    $0 + $1,210 related
    Other
    $0
    Deferred
    $0 + $17,308 related
    Nontaxable benefits
    $0 + $6,342 related
    Filer's total
    $0 + $197,665 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 December 2023
IRS schema version
2022v5.0
Source object
202303419349300215

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