Country Music Foundation
615-416-2001
222 Rep. John Lewis Way S
Nashville, TN 37203
Nashville, TN 37203
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$51,801,886.00
Projected Expenses
$39,984,942.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| country music foundation irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $19,230,109.00 | ||
| Total Expenses | $27,819,445.00 | ||
| Revenue Less Expenses | ($-0.00) | ($-0.00) | ($8,589,336.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | ||
| Government - Federal | $3,271,900.00 | ||
| Government - State | $0.00 | ||
| Government - Local | $0.00 | ||
| Government - Unspecified | $0.00 | ||
| Contributions, Gifts, and Grants | $4,833,829.00 | ||
| Indirect Public Support | $0.00 | ||
| Earned Revenue | $9,994,361.00 | ||
| Investment Income, Net of Losses | $299,602.00 | ||
| Membership Dues | $0.00 | ||
| Special Events | $0.00 | ||
| Revenue In-Kind | $378,298.00 | ||
| Other | $452,119.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $23,757,539.00 | ||
| Administration Expense | $2,479,271.00 | ||
| Fundraising Expense | $1,582,635.00 | ||
| Total Revenue/Total Expenses | 69% | ||
| Program Expense/Total Expenses | 85% | ||
| Fundraising Expense/Contributed Revenue | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | $0.00 | Program Revenue $9,994,361.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Contributions, Gifts, Grants $4,833,829.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Federal Government Grants $3,271,900.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $103,507,163.00 | ||
| Current Assets | $10,002,038.00 | ||
| Long-Term Liabilities | $22,165,846.00 | ||
| Current Liabilities | $0.00 | ||
| Total Net Assets | $81,341,317.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$45,749,841.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the audit, which was completed by Kraft CPAs PLLC. Foundation and Corporate Giving may be included in the Individuals sum as it is not separated in the audit. Comment provided by Hayley Sulfridge 11/17/22. |
