Nashville Songwriters Foundation Inc
- Assets
- $1.3m
- Revenue
- $393.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Nashville, TN
- Founding
- 07/1984
- Data as of
- 03/2022
- EIN
- 62-1190485
Organization Overview
Nashville Songwriters Foundation Inc is located in Nashville, TN. The organization was established in 1984. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Nashville Songwriters Foundation Inc 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 03/2022, Nashville Songwriters Foundation Inc generated $393.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $310.0k during the year ending 03/2022. While expenses have increased by 0.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, ARCHIVE AND CELEBRATE SONGWRITING THAT IS UNIQUELY ASSOCIATED WITH THE NASHVILLE SONGWRITING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE, HONOR, & PROMOTE THOSE ENGAGED IN THE SONGWRITING PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ford Executive Director | OfficerTrustee | 40 | $61,534 |
Wayland Holyfield Vice Chairman | OfficerTrustee | 4 | $0 |
Robert K Oermann Historian | OfficerTrustee | 4 | $0 |
Mike Vaden Treasurer | OfficerTrustee | 4 | $0 |
Rich Hallworth Secretary | OfficerTrustee | 4 | $0 |
Sarah Cates Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,319 |
| Total Program Service Revenue | $340,909 |
| Investment income | $6,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,700 |
| 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. | $61,534 |
| Compensation of current officers, directors, key employees. | $61,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,310 |
| Payroll taxes | $5,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,914 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,782 |
| Office expenses | $4,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,828 |
| All other expenses | $14,720 |
| Total functional expenses | $309,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,235 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $660,949 |
| Investments—publicly traded securities | $303,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,295,861 |
| Accounts payable and accrued expenses | $617 |
| 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 | $0 |
| Total liabilities | $617 |
| 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 | $1,295,244 |
| Total liabilities and net assets/fund balances | $1,295,861 |
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