Don Gibson American Music Foundation
- Assets
- $124.3k
- Revenue
- $140.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 02/2006
- Data as of
- 02/2024
- EIN
- 20-3223010
Organization Overview
Don Gibson American Music Foundation is located in Nashville, TN. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Don Gibson American Music Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2024, Don Gibson American Music Foundation generated $140.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $36.1k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Don Gibson American Music Foundation has awarded 38 individual grants totaling $830,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara P Gibson President | 1 | $0 | |
R Horton Frank III Secretary/tr | 1 | $0 | |
Joseph F Gallivan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,000 |
| Interest on Savings | $651 |
| Dividends & Interest | $188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $140,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,630 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $36,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,309 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $124,309 |
| Accounts payable and accrued expenses | $7,912 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,912 |
Grants Awarded
Over the last fiscal year, Don Gibson American Music Foundation has awarded $34,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DESTINATION CLEVELAND COUNTY PURPOSE: GENERAL USE | $25,000 |
COUNTRY MUSIC HALL OF FAME PURPOSE: GENERAL USE | $5,000 |
NASHVILLE SONGWRITERS HALL OF FAME PURPOSE: GENERAL USE | $1,000 |
THE BANKERS HOUSE FOUNDATION PURPOSE: GENERAL USE | $3,500 |