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Nonprofiteer
← INTERNATIONAL BLUEGRASS MUSIC MUSEUM INC

Form 990 for tax year 2022

Filed by INTERNATIONAL BLUEGRASS MUSIC MUSEUM INC.

Totals

Total revenue
$3,031,121
Total expenses
$3,306,122
Contributions and grants received
$1,380,907
Grants paid
$0
Program service revenue
$1,408,654
Investment income
$29,724
Other revenue
$211,836
Total assets, end of year
$3,010,692
Total liabilities, end of year
$697,439
Net assets or fund balances, end of year
$2,313,253
Program services expenses (Part IX)
$2,693,087
Management and general expenses
$613,035
Fundraising expenses
$0
Program service expenses (Part III)
$2,693,087

Program services were 81.5% 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.

  • 1e · Government grants (contributions)

    $944,202

  • 1f · All other contributions, gifts and grants

    $436,705

  • 2a · Program service revenue: DIRECT EVENT

    total $807,750 · related or exempt $807,750

  • 2b · Program service revenue: GIFT SHOP & CONCESSION SALES

    total $232,241 · related or exempt $232,241

  • 2c · Program service revenue: ADMISSIONS

    total $221,268 · related or exempt $221,268

  • 2d · Program service revenue: SUBSCRIPTIONS

    total $129,005 · related or exempt $129,005

  • 2e · Program service revenue: SPONSORS

    total $18,390 · related or exempt $18,390

  • 3 · Investment income

    total $29,724 · related or exempt $29,724

  • 6a · Gross rents

    real property $208,010

  • 6c · Rental income or loss

    real property $208,010

  • 6d · Net rental income or loss

    total $208,010 · related or exempt $208,010

  • 11a · Other revenue: MISC REVENUE

    total $3,826 · related or exempt $3,826

  • 11e · Other revenue, total

    $3,826

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $614,748 · program services $524,856 · management and general $89,892

  • 10 · Payroll taxes

    total $47,178 · program services $35,383 · management and general $11,795

  • 11g · Fees: other

    total $154,499 · management and general $154,499

  • 12 · Advertising and promotion

    total $78,925 · program services $78,925

  • 13 · Office expenses

    total $14,170 · program services $5,793 · management and general $8,377

  • 17 · Travel

    total $98,988 · program services $98,988

  • 20 · Interest

    total $12,895 · program services $12,895

  • 22 · Depreciation, depletion and amortization

    total $67,435 · program services $67,435

  • 23 · Insurance

    total $30,242 · program services $30,242

  • 24a · Other expenses: RENTALS

    total $781,920 · program services $746,670 · management and general $35,250

  • 24b · Other expenses: ARTIST FEES

    total $403,074 · program services $403,074

  • 24c · Other expenses: LITIGATION SETTLEMENT

    total $250,000 · management and general $250,000

  • 24d · Other expenses: PRODUCTOIN RELATED

    total $173,379 · program services $173,379

  • 24e · All other expenses

    total $578,669 · program services $515,447 · management and general $63,222

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,107,207 · end of year $891,513

  • 4 · Accounts receivable

    end of year $766

  • 8 · Inventories for sale or use

    beginning of year $26,933 · end of year $39,726

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

    $1,128,927

  • 10b · Land, buildings and equipment: accumulated depreciation

    $438,889

  • 10c · Land, buildings and equipment, net

    beginning of year $597,865 · end of year $690,038

  • 13 · Investments: program-related

    beginning of year $1,245,503 · end of year $971,064

  • 14 · Intangible assets

    end of year $417,585

  • 17 · Accounts payable and accrued expenses

    beginning of year $767,220 · end of year $490,804

  • 19 · Deferred revenue

    end of year $205,010

  • 25 · Other liabilities

    end of year $1,625

  • 27 · Net assets without donor restrictions

    beginning of year $289,003 · end of year $1,131,454

  • 28 · Net assets with donor restrictions

    beginning of year $1,921,285 · end of year $1,181,799

Mission and programs · 2022

Mission

TO PROVIDE MUSEUM TOURS TO THE GENERAL PUBLIC WHICH ALLOWS VISITORS TO VIEW BLUEGRASS MEMORABILIA, TO EDUCATE THE PUBLIC ON THE HISTORY OF BLUEGRASS MUSIC, TO PROVIDE MUSIC PROGRAMS TO EDUCATE AND ENTERTAIN, TO BUILD NEW AUDIENCES FOR BLUEGRASS MUSIC, TO ENHANCE THE IMAGE OF BLUEGRASS MUSIC AND SPUR ITS GROWTH.

  • RIVER OF MUSIC PARTY (ROMP): THIS IS AN ANNUAL FESTIVAL WITH HIGH-LEVEL INTERNATIONAL ACTS. WE PROVIDE FREE TICKETS TO INDIGENT FAMILIES, HOSPICE PATIENTS, RESIDENTS OF NURSING HOMES AND ASSISTED LIVING FACILITIES, AND STUDENTS OF ALL AGES WHO PERFORMED ON THE MAIN STAGE AT ROMP.

    Expenses $2,693,087 · Revenue $1,408,654

  • VARIOUS EXPENSES

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Brownson

    SECRETARY

    Total calculated
    $0

  • Kyle Cantrell

    TRUSTEE

    Total calculated
    $0

  • Ben Clark

    TRUSTEE

    Total calculated
    $0

  • Candy Englebert

    TRUSTEE

    Total calculated
    $0

  • John Haynes

    TRUSTEE

    Total calculated
    $0

  • Scott Jagoe

    TREASURER

    Total calculated
    $0

  • Chris Joslin

    TRUSTEE

    Total calculated
    $0

  • Jen Larson

    TRUSTEE

    Total calculated
    $0

  • Jon Lawson

    TRUSTEE

    Total calculated
    $0

  • Ross Leazenby

    TRUSTEE

    Total calculated
    $0

  • Chris Love

    CHAIRMAN

    Total calculated
    $0

  • Kathryn Raymer

    TRUSTEE

    Total calculated
    $0

  • Ronnie Reno

    TRUSTEE

    Total calculated
    $0

  • Paul Schiminger

    TRUSTEE

    Total calculated
    $0

  • Tom Watson

    TRUSTEE

    Total calculated
    $0

  • Terry Woodward

    EXECUTIVE CO

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202333209349301538

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