Christian Music Trade Association
- Assets
- $164.6k
- Revenue
- $247.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Hendersonville, TN
- Founding
- Data as of
- 12/2022
- EIN
- 62-1558148
Organization Overview
Christian Music Trade Association is located in Hendersonville, TN. As of 12/2022, 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 12/2022, Christian Music Trade Association generated $247.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $249.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Christian Music Trade Association has awarded 14 individual grants totaling $210,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CMTA'S EXEMPT PURPOSE IS TO INCREASE CHRISTIAN MUSIC'S INFLUENCE WITHIN THE CHURCHES 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 Director | Trustee | 0.33 | $0 |
John Chapman Secretary/tr | OfficerTrustee | 0.33 | $0 |
Darren Elrod Director | Trustee | 0.33 | $0 |
Ed Leonard Chair | OfficerTrustee | 0.33 | $0 |
Bryan Scott Director | Trustee | 0.33 | $0 |
Paul Sizelove Director | Trustee | 0.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,000 |
| 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 | $6,000 |
| Total Program Service Revenue | $241,178 |
| Investment income | $440 |
| 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 | $247,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $142 |
| Payroll taxes | $4,355 |
| Fees for services: Management | $22,871 |
| 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 | $0 |
| 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 | $1,284 |
| All other expenses | $693 |
| Total functional expenses | $249,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,494 |
| Savings and temporary cash investments | $51,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,125 |
| 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 | $164,589 |
| Accounts payable and accrued expenses | $190 |
| 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 | $190 |
| 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 | $164,399 |
| Total liabilities and net assets/fund balances | $164,589 |
Grants Awarded
Over the last fiscal year, Christian Music Trade Association has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOSPEL MUSIC TRUST FUND PURPOSE: Support | $15,000 |
PORTER'S CALL PURPOSE: Support | $15,000 |