Americana Music Association Foundation
- Assets
- $642.2k
- Revenue
- $492.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-1867430
Organization Overview
Americana Music Association Foundation is located in Nashville, TN. The organization was established in 2019. 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. Americana Music Association 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 12/2023, Americana Music Association Foundation generated $492.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $799.8k during the year ending 12/2023. While expenses have increased by 27.0% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANZIATION CURATES AN ANNUAL CONFERENCE INCLUDING PANEL DISCUSSIONS AND MUSICAL PERFORMANCES. WORKS ON ARCHIVING MUSICAL HISTORY. PRESENTS EVENTS SHOWCASING MUSICAL TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE INCLUDING DISCUSSION PANELS AND MUSICAL PERFORMANCES.
SMITHSONIAN EXHIBIT PROJECT
ARCHIVE PROJECT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Vitolo Treasurer | OfficerTrustee | 1 | $0 |
John D May Vice President | OfficerTrustee | 1 | $0 |
Lori Badget Secretary | OfficerTrustee | 1 | $0 |
Garth Fundis Board Member | Trustee | 1 | $0 |
Gerald Jed Hilly Executive Dir. | Trustee | 5 | $0 |
Jonathan Taplin President | Trustee | 0 | $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 | $318,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,871 |
| Total Program Service Revenue | $163,326 |
| Investment income | $10,637 |
| 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 | $492,834 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,287 |
| Payroll taxes | $14,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,031 |
| Fees for services: Accounting | $1,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,775 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,000 |
| Advertising and promotion | $0 |
| Office expenses | $127 |
| Information technology | $54 |
| Royalties | $0 |
| Occupancy | $14,025 |
| Travel | $106,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,145 |
| Insurance | $0 |
| All other expenses | $9,507 |
| Total functional expenses | $799,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,300 |
| Savings and temporary cash investments | $300,627 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,103 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $863 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,331 |
| Total assets | $642,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $286,307 |
| Total liabilities | $286,307 |
| Net assets without donor restrictions | $0 |
| 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 | $355,917 |
| Total liabilities and net assets/fund balances | $642,224 |
Grants Awarded
Over the last fiscal year, Americana Music Association Foundation has awarded $74,322 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIRECT RELIEF PURPOSE: COVID RELIEF PROGRAMS | $37,161 |
MUSICCARES PURPOSE: COVID RELIEF PROGRAMS | $37,161 |