Browder Music Ministries
- Assets
- $107.9k
- Revenue
- $385.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Kingsport, TN
- Founding
- 11/1983
- Data as of
- 12/2019
- EIN
- 46-2835563
Organization Overview
Browder Music Ministries is located in Kingsport, TN. The organization was established in 1983. 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 12/2019, Browder Music Ministries employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Browder Music Ministries 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 12/2019, Browder Music Ministries generated $385.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $367.4k during the year ending 12/2019. While expenses have increased by 3.4% 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SPREADING THE GOSPEL THROUGH MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASING THE NUMBER OF SOULS SAVED AT CONCERTS AND CONFERENCES WHERE THEY SHARE THE GOSPEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Browder President | Officer | 40 | $32,200 |
Sonya Browder Secretarycfo | Officer | 40 | $27,000 |
Doug Baker Trustee | Trustee | 2 | $0 |
Gary Calhoun Trustee | Trustee | 2 | $0 |
Ron Arthur Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,270 |
| 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 | $13,270 |
| Total Program Service Revenue | $357,861 |
| Investment income | $31 |
| 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 | $13,465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $385,356 |
| 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. | $59,200 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,469 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,743 |
| Payroll taxes | $11,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,881 |
| Advertising and promotion | $12,997 |
| Office expenses | $1,624 |
| Information technology | $5,731 |
| Royalties | $4,002 |
| Occupancy | $0 |
| Travel | $2,233 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,312 |
| Insurance | $3,754 |
| All other expenses | $125,693 |
| Total functional expenses | $367,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,596 |
| Savings and temporary cash investments | $72,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $7,349 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,900 |
| 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 | $62,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,983 |
| Total liabilities | $76,654 |
| Net assets without donor restrictions | $31,246 |
| 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 | $107,900 |
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|---|---|---|
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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 |