Christian Music Trade Association
- Assets
- $562.1k
- Revenue
- $351.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Hendersonville, TN
- Founding
- Data as of
- 12/2021
- EIN
- 62-1558148
Organization Overview
Christian Music Trade Association is located in Hendersonville, TN. As of 12/2021, Christian Music Trade Association employed 2 individuals. Christian Music Trade Association 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 12/2021, Christian Music Trade Association generated $351.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $316.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christian Music Trade Association has awarded 12 individual grants totaling $180,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CMTA'S EXEMPT PURPOSE IS TO INCREASE CHRISTIAN MUSIC'S INFLUENCE WITHIN THE CHURCHS AND MAINSTREAM CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUNDSCAN PROVIDES INDUSTRY INFORMATION, FACILITATING RESEARCH AND MARKETING ON BEHALF OF THE INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Bays Board Of Director | Trustee | 0.33 | $0 |
Ed Leonard Board Of Director | Trustee | 0.33 | $0 |
Paul Sizelove Board Of Director | Trustee | 0.33 | $0 |
John Chapman Board Of Director | Trustee | 0.33 | $0 |
David Sylvester Board Of Director | Trustee | 0.33 | $0 |
Darren Elrod Board Of Director | Trustee | 0.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,250 |
| 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 | $4,250 |
| Total Program Service Revenue | $347,309 |
| Investment income | $176 |
| 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 | $351,735 |
| 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. | $78,768 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145 |
| Payroll taxes | $5,539 |
| Fees for services: Management | $22,238 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,201 |
| All other expenses | $15,019 |
| Total functional expenses | $316,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,641 |
| Savings and temporary cash investments | $51,900 |
| Pledges and grants receivable | $222,626 |
| Accounts receivable, net | $172,928 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $562,095 |
| Accounts payable and accrued expenses | $396,948 |
| 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 | $396,948 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $129,580 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $35,567 |
| Total liabilities and net assets/fund balances | $562,095 |
Grants Awarded
Over the last fiscal year, Christian Music Trade Association has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brentwood, TN PURPOSE: Support | $15,000 |
Franklin, TN PURPOSE: Support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Memorial Hermann Hospital Based Physician Group Houston, TX | $12,517,571 | $82,920,785 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |