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← CMA FOUNDATION

Form 990 for tax year 2024

Filed by CMA FOUNDATION.

Totals

Total revenue
$5,378,796
Total expenses
$3,184,961
Contributions and grants received
$4,910,712
Grants paid
$2,239,983
Program service revenue
$0
Investment income
$1,211,942
Other revenue
-$743,858
Total assets, end of year
$15,823,122
Total liabilities, end of year
$172,881
Net assets or fund balances, end of year
$15,650,241
Program services expenses (Part IX)
$2,898,057
Management and general expenses
$231,386
Fundraising expenses
$55,518
Program service expenses (Part III)
$2,898,057

Program services were 91.0% 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.

  • 1c · Fundraising events

    $478,367

  • 1d · Related organizations

    $3,082,459

  • 1f · All other contributions, gifts and grants

    $1,349,886

  • 1g · Noncash contributions included above

    $129,161

  • 3 · Investment income

    total $569,401 · excluded $569,401

  • 7a · Gross sales of assets other than inventory

    securities $3,310,415

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

    securities $2,667,874

  • 7c · Gain or loss

    securities $642,541

  • 7d · Net gain or loss

    total $642,541 · excluded $642,541

  • 8a · Fundraising events: gross income

    $86,643

  • 8a · Fundraising events: contributions included on line 1c

    $478,367

  • 8b · Fundraising events: direct expenses

    $830,501

  • 8c · Net income from fundraising events

    total -$743,858 · excluded -$743,858

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,164,983 · program services $2,164,983

  • 2 · Grants to domestic individuals

    total $75,000 · program services $75,000

  • 7 · Other salaries and wages

    total $273,438 · program services $189,121 · management and general $54,688 · fundraising $29,629

  • 8 · Pension plan contributions

    total $25,182 · program services $17,417 · management and general $5,036 · fundraising $2,729

  • 10 · Payroll taxes

    total $19,381 · program services $13,405 · management and general $3,876 · fundraising $2,100

  • 11a · Fees: management

    total $1,026 · management and general $1,026

  • 11b · Fees: legal

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $50,973 · management and general $50,973

  • 11g · Fees: other

    total $69,315 · program services $66,482 · management and general $137 · fundraising $2,696

  • 12 · Advertising and promotion

    total $13,677 · program services $2,990 · management and general $10,687

  • 13 · Office expenses

    total $48,274 · program services $2,649 · management and general $28,284 · fundraising $17,341

  • 17 · Travel

    total $47,709 · program services $27,347 · management and general $20,352 · fundraising $10

  • 19 · Conferences, conventions and meetings

    total $113,153 · program services $91,700 · management and general $21,376 · fundraising $77

  • 24a · Other expenses: PRODUCTION

    total $259,219 · program services $238,290 · management and general $20,929

  • 24b · Other expenses: GIFTS AND AWARDS

    total $13,631 · program services $8,673 · management and general $4,022 · fundraising $936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $770,670 · end of year $1,920,789

  • 2 · Savings and temporary cash investments

    beginning of year $4,828,665 · end of year $3,332,831

  • 4 · Accounts receivable

    end of year $65,962

  • 8 · Inventories for sale or use

    end of year $5,700

  • 9 · Prepaid expenses and deferred charges

    end of year $10,020

  • 11 · Investments: publicly traded securities

    beginning of year $8,294,178 · end of year $10,487,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,644 · end of year $22,881

  • 18 · Grants payable

    end of year $115,000

  • 19 · Deferred revenue

    beginning of year $30,000 · end of year $35,000

  • 27 · Net assets without donor restrictions

    beginning of year $9,369,553 · end of year $11,163,925

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2024

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)

PROVIDE FINANCIAL SUPPORT TO CAUSES THAT ARE IMPORTANT TO THE COUNTRY MUSIC ASSOCIATION

  • THE CMA FOUNDATION FOCUSES ON IMPROVING AND SUSTAINING MUSIC EDUCATION PROGRAMS EVERYWHERE WHILE SUPPORTING WORTHWHILE CAUSES IMPORTANT TO THE COUNTRY MUSIC ASSOCIATION.

    Expenses $2,898,057 · Grants $2,239,983

As filed on the 2024 return.

Listed in Part VII

  • Sarah Trahern

    PRESIDENT

    Total calculated
    $933,543
    From this org
    $0
    From related orgs
    $837,834
    Other
    $95,709
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $592,732 related
    Bonus
    $0 + $245,102 related
    Other
    $0
    Deferred
    $0 + $84,500 related
    Nontaxable benefits
    $0 + $11,209 related
    Filer's total
    $0 + $933,543 related

  • Amy Smartt

    SECRETARY/TREASURER

    Total calculated
    $267,127
    From this org
    $0
    From related orgs
    $232,507
    Other
    $34,620
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,405 related
    Bonus
    $0 + $102 related
    Other
    $0
    Deferred
    $0 + $23,003 related
    Nontaxable benefits
    $0 + $11,617 related
    Filer's total
    $0 + $267,127 related

  • Tiffany Kerns

    EXECUTIVE DIRECTOR

    Total calculated
    $261,279
    From this org
    $0
    From related orgs
    $230,162
    Other
    $31,117
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,060 related
    Bonus
    $0 + $102 related
    Other
    $0
    Deferred
    $0 + $23,010 related
    Nontaxable benefits
    $0 + $8,107 related
    Filer's total
    $0 + $261,279 related

  • Stephen Parker

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Brittany Schaffer

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • David Haskell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eileen Valois

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jay Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennie Smythe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jesse Cannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Galante

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Josh Van Valkenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Fairchild

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kella Farris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Dungan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tyne Parrish

    DIRECTOR

    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. 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 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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 December 2025
IRS schema version
2024v5.2
Source object
202513509349301106

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