Country Music Association Inc
- Assets
- $115.8m
- Revenue
- $68.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Nashville, TN
- Founding
- 08/1970
- Data as of
- 03/2024
- 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 03/2024, Country Music Association Inc employed 73 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 03/2024, Country Music Association Inc generated $68.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $58.1m during the year ending 03/2024. While expenses have increased by 3.2% per year over the past 9 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.
Since 2014, Country Music Association Inc has awarded 90 individual grants totaling $36,532,022. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SERVE AS A PROFESSIONAL RESOURCE FOR THE COUNTRY MUSIC INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PRODUCES THE ANNUAL CMA AWARDS, AN INDUSTRY VOTED EVENT, CELEBRATING THE ACHIEVEMENTS OF OUR CREATIVE COMMUNITY WHILE SHOWCASING THEIR TALENTS TO A GLOBAL AUDIENCE.
CMA FEST IS AN ANNUAL FOUR-DAY MUSIC FESTIVAL THAT HOSTS TENS OF THOUSANDS OF FANS PROVIDING THEM THE OPPORTUNITY TO LISTEN AND DISCOVER HUNDREDS OF COUNTRY MUSIC ACTS WHILE RAISING MONEY FOR THE CMA FOUNDATION.
THE ASSOCIATION PROVIDES ITS MEMBERS ACCESS TO BENEFITS INCLUDING PROFESSIONAL DEVELOPMENT, HEALTH CARE RESOURCES, INDUSTRY VOTING PRIVILEGES, NETWORKING OPPORTUNITIES, RESEARCH, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Trahern CEO | Officer | 40 | $846,134 |
Kelly Striewski SVP Marketing & Strategic | Officer | 40 | $337,250 |
Todd Hartley SVP Business Affairs | Officer | 40 | $254,832 |
Milly Olykan VP International Relations | Officer | 40 | $240,480 |
Tiffany Kerns VP Community Industry Relations | Officer | 40 | $229,261 |
Amy Smartt SVP Finance And Administra | Officer | 40 | $226,478 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nashville Talent Payment General Show & Festival Non Employees | 3/30/24 | $9,050,409 |
American Broadcasting Company Inc Broadcasting | 3/30/24 | $3,550,121 |
Cumberland Stadium Inc Event Venue | 3/30/24 | $2,003,296 |
22 Degrees Event Lighting Services | 3/30/24 | $1,498,970 |
Risk Strategies Company Consulting | 3/30/24 | $1,377,687 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $64,280,153 |
| Investment income | $2,756,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,327,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,364,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,286,064 |
| 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. | $1,196,012 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,697,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,105,759 |
| Payroll taxes | $458,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $498,463 |
| Fees for services: Accounting | $35,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $493,932 |
| Fees for services: Other | $1,742,773 |
| Advertising and promotion | $3,644,505 |
| Office expenses | $225,010 |
| Information technology | $799,738 |
| Royalties | $0 |
| Occupancy | $1,773,622 |
| Travel | $311,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $751,339 |
| Insurance | $1,369,415 |
| All other expenses | $308,487 |
| Total functional expenses | $58,088,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,341,152 |
| Savings and temporary cash investments | $10,707,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,896,930 |
| 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 | $1,198,138 |
| Net Land, buildings, and equipment | $2,294,169 |
| Investments—publicly traded securities | $84,840,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,537,894 |
| Total assets | $115,816,580 |
| Accounts payable and accrued expenses | $7,411,691 |
| Grants payable | $0 |
| Deferred revenue | $4,817,121 |
| 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 | $12,228,812 |
| Net assets without donor restrictions | $103,587,768 |
| 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 | $115,816,580 |
Grants Awarded
Over the last fiscal year, Country Music Association Inc has awarded $3,085,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LEADERSHIP MUSIC PURPOSE: SUPPORTING LEADERSHIP IN THE MUSIC COMMUNITY | $25,000 |
COUNTRY RADIO BROADCASTERS PURPOSE: CRS SPONSORSHIP | $44,000 |
THE CMA FOUNDATION PURPOSE: SUPPORTING MUSIC EDUCATIONAL AND CULTURAL ACTIVITIES | $2,750,000 |
COUNTRY MUSIC FOUNDATION INC PURPOSE: HOF MEDALLION CEREMONY DONATION | $130,000 |
THE UNIVERSITY OF ALABAMA PURPOSE: DIVERSITY AND INCLUSION FELLOWSHIP | $36,000 |
NSAI PURPOSE: INDUSTRY PARTNERSHIP | $10,000 |