Country Music Association Inc
- Assets
- $102.2m
- Revenue
- $43.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Nashville, TN
- Founding
- 08/1970
- Data as of
- 03/2022
- EIN
- 62-0606066
Organization Overview
Country Music Association Inc is located in Nashville, TN. The organization was established in 1970. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Country Music Association Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Country Music Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Country Music Association Inc generated $43.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $37.0m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Country Music Association Inc has awarded 94 individual grants totaling $38,397,608. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER NATIONAL INTEREST IN COUNTRY MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PRODUCES THE ANNUAL COUNTRY MUSIC AWARDS AND PARTY IMMEDIATELY FOLLOWING WHICH FOSTERS NATIONAL INTEREST IN COUNTRY MUSIC AMONG THE GENERAL PUBLIC.
THE CMA MUSIC FESTIVAL IS AN ANNUAL EVENT WHERE THE GENERAL PUBLIC IS GIVEN THE OPPORTUNITY TO ENJOY CONCERTS AND MEET THE COUNTRY MUSIC ENTERTAINERS IN PERSON THEREBY PROMOTING THE DEVELOPMENT, GROWTH AND POPULARITY OF COUNTRY MUSIC.
THE ASSOCIATION PROVIDES WEBSITES FOR THE PUBLIC AND MEMBERS.
THE CMA SONGWRITERS SERIES SHOWCASES COUNTRY MUSIC SONGWRITERS AT SMALL VENUES IN VARIOUS CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Trahern CEO | Officer | 40 | $870,966 |
Kelly Striewski SVP Marketing & Strategic Partnerships | Officer | 40 | $323,318 |
Amy Smartt SVP Finance And Administration | Officer | 40 | $212,001 |
Milly Olykan VP International Relations & Development | Officer | 40 | $195,723 |
Emily Evans VP Strategic Initiatives | Officer | 40 | $167,725 |
Karen Stump Sr. Director Market Research | Officer | 40 | $162,220 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
24 Entertainment Llc Entertainment | 3/30/22 | $901,235 |
Nashville Talent Payment General Show & Festival Non Employees | 3/30/22 | $6,594,345 |
Joel A Katz Attorney At Law Pc Law Services | 3/30/22 | $2,064,980 |
Zurich American Insurance Company Insurance Services | 3/30/22 | $1,218,082 |
Recover Health Llc Health Services | 3/30/22 | $960,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $736,366 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,366 |
| Total Program Service Revenue | $35,491,433 |
| Investment income | $2,738,700 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,034,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,001,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,560,294 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,476,037 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,405,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $850,625 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570,812 |
| Fees for services: Accounting | $26,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $505,684 |
| Fees for services: Other | $73,734 |
| Advertising and promotion | $665,349 |
| Office expenses | $281,768 |
| Information technology | $510,599 |
| Royalties | $0 |
| Occupancy | $1,076,975 |
| Travel | $408,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $694,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $515,718 |
| Insurance | $0 |
| All other expenses | $10,844 |
| Total functional expenses | $37,006,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,291,780 |
| Savings and temporary cash investments | $28,377,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $373,470 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $864,088 |
| Net Land, buildings, and equipment | $1,677,002 |
| Investments—publicly traded securities | $57,305,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,289,480 |
| Total assets | $102,178,283 |
| Accounts payable and accrued expenses | $8,493,268 |
| Grants payable | $0 |
| Deferred revenue | $9,647,756 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,141,024 |
| Net assets without donor restrictions | $84,037,259 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $102,178,283 |
Grants Awarded
Over the last fiscal year, Country Music Association Inc has awarded $1,463,118 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: SUPPORTING MUSIC EDUCATIONAL AND CULTURAL ACTIVITIES | $1,084,118 |
New York, NY PURPOSE: PROVIDING INSURANCE AND HEALTHCARE TO MUSICIANS AND PEOPLE WITHIN THE MUSIC INDUSTRY | $100,000 |
Nashville, TN PURPOSE: HOF MEDALLION CEREMONY DONATION | $95,000 |
Nashville, TN PURPOSE: CRS SPONSORSHIP | $44,000 |
Los Angeles, CA PURPOSE: DIVERSIFY THE STAGE GRANT 2021 | $25,000 |
Nashville, TN PURPOSE: PARTNERSHIP 2021 | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Country Music Association Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Nashville Convention & Visitors Bureau Nashville, TN PURPOSE: To assist with the production of the CMA Music Festival which brings thousands of visitors to Nashville each June from around the world | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Jazz St Louis St Louis, MO | $11,818,193 | $2,884,733 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Ragtag Film Society Columbia, MO | $1,382,564 | $1,866,748 |
Radio Arts Foundation Clayton, MO | $3,517,540 | $1,458,263 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Musicians Hall Of Fame And Museum Nashville, TN | $2,497,299 | $1,370,985 |