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Nonprofiteer
← INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC.

Totals

Total revenue
$1,343,031
Total expenses
$1,811,805
Contributions and grants received
$489,935
Grants paid
$3,000
Program service revenue
$758,533
Investment income
$10,076
Other revenue
$84,487
Total assets, end of year
$1,043,382
Total liabilities, end of year
$1,174,023
Net assets or fund balances, end of year
-$130,641
Program services expenses (Part IX)
$1,565,177
Management and general expenses
$246,628
Fundraising expenses
$0
Program service expenses (Part III)
$1,565,177

Program services were 86.4% 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.

  • 1b · Membership dues

    $147,404

  • 1e · Government grants (contributions)

    $60,000

  • 1f · All other contributions, gifts and grants

    $282,531

  • 2a · Program service revenue: TRADE SHOW

    total $332,527 · related or exempt $332,527

  • 2b · Program service revenue: FANFEST

    total $297,635 · related or exempt $297,635

  • 2c · Program service revenue: AWARDS SHOW

    total $106,297 · related or exempt $106,297

  • 2d · Program service revenue: LEADERSHIP BLUEGRASS

    total $22,074 · related or exempt $22,074

  • 3 · Investment income

    total $10,076 · excluded $10,076

  • 10a · Gross sales of inventory

    $61,774

  • 10b · Cost of goods sold

    $52,427

  • 10c · Net income from sales of inventory

    total $9,347 · related or exempt $9,347

  • 11d · All other revenue

    total $75,140 · related or exempt $75,140

  • 11e · Other revenue, total

    $75,140

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · program services $78,750 · management and general $26,250

  • 7 · Other salaries and wages

    total $230,690 · program services $173,018 · management and general $57,672

  • 8 · Pension plan contributions

    total $6,737 · program services $5,053 · management and general $1,684

  • 9 · Other employee benefits

    total $32,839 · program services $24,630 · management and general $8,209

  • 10 · Payroll taxes

    total $25,165 · program services $18,874 · management and general $6,291

  • 11c · Fees: accounting

    total $61,084 · management and general $61,084

  • 11g · Fees: other

    total $853 · management and general $853

  • 12 · Advertising and promotion

    total $6,115 · program services $6,115

  • 13 · Office expenses

    total $32,249 · management and general $32,249

  • 16 · Occupancy

    total $50,058 · program services $45,052 · management and general $5,006

  • 17 · Travel

    total $82,541 · program services $82,541

  • 19 · Conferences, conventions and meetings

    total $4,400 · program services $4,400

  • 20 · Interest

    total $4,211 · management and general $4,211

  • 22 · Depreciation, depletion and amortization

    total $784 · program services $706 · management and general $78

  • 23 · Insurance

    total $3,744 · program services $3,300 · management and general $444

  • 24a · Other expenses: EVENTS

    total $972,077 · program services $972,077

  • 24b · Other expenses: MISCELLANEOUS

    total $75,796 · program services $37,218 · management and general $38,578

  • 24c · Other expenses: TAXES AND LICENSES

    total $23,002 · program services $23,002

  • 24d · Other expenses: SERVICE CHARGES

    total $21,447 · program services $21,447

  • 24e · All other expenses

    total $70,013 · program services $65,994 · management and general $4,019

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,650 · end of year $83,037

  • 2 · Savings and temporary cash investments

    beginning of year $674,263 · end of year $601,635

  • 4 · Accounts receivable

    beginning of year $33,850 · end of year $6,563

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,171 · end of year $226,694

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

    $88,295

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

    $83,802

  • 10c · Land, buildings and equipment, net

    beginning of year $5,491 · end of year $4,493

  • 14 · Intangible assets

    beginning of year $65,260 · end of year $118,000

  • 15 · Other assets

    beginning of year $2,895 · end of year $2,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,813 · end of year $81,726

  • 19 · Deferred revenue

    beginning of year $424,321 · end of year $823,721

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $66,534 · end of year $118,576

  • 27 · Net assets without donor restrictions

    beginning of year $261,912 · end of year -$130,641

Mission and programs · 2024

Mission

WORKING TOGETHER FOR HIGH STANDARDS OF PROFESSIONALISM, A GREATER APPRECIATION FOR OUR MUSIC AND THE SUCCESS OF THE WORLDWIDE BLUEGRASS COMMUNITY.

  • TRADE SHOW - PROGRAM PROVIDES AN OPPORTUNITY FOR THOSE IN THE INDUSTRY TO MEET & DISCUSS ISSUES AFFECTING THE INDUSTRY. IT ALSO IS AN OPPORTUNITY FOR EMERGING MUSICIANS TO MAKE CONTACT WITH OTHERS WITHIN THE INDUSTRY, THEREBY PROMOTING BLUEGRASS.

    Expenses $545,082 · Revenue $332,527

  • IBMA BLUEGRASS LIVE! - MUSICIANS DONATE THEIR TIME AND TALENT TO PROMOTE BLUEGRASS MUSIC TO THE PUBLIC.

    Expenses $535,076 · Revenue $297,635

  • AWARDS SHOW - PROVIDES AN OPPORTUNITY FOR THE ORGANIZATION TO RECOGNIZE THOSE INDIVIDUALS IN THE INDUSTRY WHO HAVE SUCCESSFULLY PROMOTED BLUEGRASS MUSIC.

    Expenses $293,502 · Revenue $106,297

  • LEADERSHIP BLUEGRASS - LEADERSHIP BLUEGRASS PROVIDES AN OPPORTUNITY FOR LEADERS IN OUR INDUSTRY TO COME TOGETHER TO LEARN MORE ABOUT THE ORGANIZATION, DISCUSS ISSUES AFFECTING THE INDUSTRY AND PLANS TO MOVE THE INDUSTRY FORWARD.

    Expenses $20,096 · Revenue $22,072

  • MERCHANDISE NET INCOME

    Revenue $9,349

  • MISCELLANEOUS INCOME AND EXPENSES RELATED TO EXEMPT-FUNCTION

    Expenses $171,421 · Grants $3,000 · Revenue $75,140

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Anna Frick

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Brad Kolodner

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Paul J Schiminger

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Kristen Scott Benson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Ariel Rosemberg

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Missy Raines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Matt Simontacchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Annie Savage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Shannon Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Andrea Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Deanie Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Christopher Howard-Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mike Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Helen Lude

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Carolyn Hotte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Christine Funk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Darin Aldridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Cj Lewandowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Timothy Trudeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ken White

    EXECUTIVE DIRECTOR

    Total calculated
    $107,888
    From this org
    $105,000
    From related orgs
    $0
    Other
    $2,888
    Hours/week
    40

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.

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.

  • IBMA TRUST FUND

    501(C)(3) · PROVIDES NEEDS-BASED ASSISTANCE TO BLUEGRASS PROFESSIONALS · KY

  • THE IBMA FOUNDATION INC

    501(C)(3) · SUPPORTS PROGRAMS AND INITIATIVES FOSTERING THE GROWTH OF BLUEGRASS MUSIC · TN

    Directly controlled by INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611359349315716

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