Gospel Music Association Inc

Organization Overview

Gospel Music Association Inc, operating under the name Gma Foundation, is located in Franklin, TN. The organization was established in 1972. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gma 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 09/2021, Gma Foundation generated $433.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $211.7k during the year ending 09/2021. While expenses have increased by 9.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION, RECOGNITION, AND PRESERVATION OF THE HISTORY AND LEGACY OF ALL FORMS OF GOSPEL MUSIC, PROVIDING EDUCATIONAL RESOURCES THAT ENCOURAGE PARTICIPATION AND APPRECIATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GMA HONORS - TO HONOR AND RECOGNIZE LEGENDS IN THE GOSPEL MUSIC INDUSTRY, INDUCT NEW HONORS MEMBERS, AND TO PROMOTE GOSPEL MUSIC.


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Board, Officers & Key Employees

Name (title)Compensation
Zach Wamp
Foundation P
$0
Michael Miller
Treasurer
$0
Jackie Patillo
President
$0
Marc Ackerman
Director
$0
Mary Brandes
Director
$0
David Bunce
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$430,098
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$430,098
Total Program Service Revenue$2,800
Investment income $291
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $433,189

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Gospel Music Association Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Educational Media Foundation

Rocklin, CA

PURPOSE: CHRISTIAN MEDIA

$50,000
View Grant Recipient Profile

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