The National Museum Of African American Music is located in Nashville, TN. The organization was established in 2002. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, National Museum Of African American Music employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Museum Of African American Music 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 06/2022, National Museum Of African American Music generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 30.8% 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 THE WORLD, PRESERVE THE LEGACY, AND CELEBRATE THE CENTRAL ROLE AFRICAN AMERICANS PLAY IN CREATING THE AMERICAN SOUNDTRACK
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK MUSIC BUSINESS CERTIFICATION (BMBC) DEDICATED TO BLACK MUSIC CULTURE AND BUSINESS, THIS CERTIFICATION PROGRAM WILL PROVIDE AN EXPLORATORY APPROACH TO ALL FACETS OF THE MUSIC BUSINESS, CAREERS WITHIN THE INDUSTRY, AND ACCESS TO COURSES THAT DELVE INTO TOPICS SUCH AS THE HISTORY OF THE BUSINESS, MARKETING & BRANDING, ARTIST DEVELOPMENT, AND MONETIZING CREATIVITY. THE PROGRAM WILL CULMINATE IN THE DEVELOPMENT OF A BUSINESS PLAN THAT WILL BE PRESENTED ON AT THE END OF THE COURSE. BUSINESS PLANS/PRESENTATIONS WILL BE EVALUATED BY THE BMBC PROGRAM DEAN AND PARTICIPATING PROFESSORS.EMERGING ARTIST SERIES-THE EMERGING ARTIST SERIES PROVIDES ARTISTS THE OPPORTUNITY TO GAIN PERFORMANCE SKILLS AND KNOWLEDGE OF BUSINESS STANDARDS THROUGH FEATURES AS MUSEUM ARTISTS AT PROGRAMS AND EVENTS. BI-QUARTERLY, PARTICIPANTS IN THE SERIES ARE INVITED TO SHOWCASE THEIR GROWTH/TALENT IN CONCERT, EACH ARTIST REPRESENTING THE DIVERSITY OF MUSICAL GENRES THAT CAN BE EXPERIENCED ACROSS MUSIC CITY. THE SERIES CELEBRATES THE TALENT AND IMPACT OF AFRICAN AMERICANS ON AMERICAN CULTURE AND FEATURES MUSICIANS WHO EMBODY DIVERSE MUSICAL AND CULTURAL PERSPECTIVES.RIVERS OF RHYTHM INSTITUTE FOR SOCIAL EDUCATION: THE RIVERS OF RHYTHM INSTITUTE FOR SOCIAL EDUCATION IS AN INTENSIVE, TWO-DAY PROFESSIONAL DEVELOPMENT EXPERIENCE FOR TENNESSEE K-12 EDUCATORS. THE GOAL OF RRISE IS TO EXPOSE EDUCATORS TO RESOURCES AND EXPERIENCES THAT PROVIDE THEM AN ACCURATE KNOWLEDGE OF BLACK STORIES/VOICES THAT EMPHASIZE THE INFLUENCE OF AFRICAN AMERICANS ON THE HEART AND SOUL OF MUSIC CITY.FROM NOTHING TO SOMETHING-A ONE-HOUR WORKSHOP SERIES, FN2S ENGAGES YOUTH IN THE MUSICAL AND LYRICAL CONSTRUCTION OF THE AMERICAN SOUNDTRACK THROUGH TEACHING ARTIST/MUSEUM EDUCATOR LED HANDS-ON ACTIVITIES/DISCUSSIONS. THE CORE OF THE PROGRAM INVOLVES THE PROVISION AND STUDY OF INSTRUMENTS TO FOSTER MUSIC EDUCATION, SUPPORTING ANALYTICAL THINKING, AND DECISION MAKING, AND CRITICAL THINKING SKILLS FOR YOUTH WHILE EXPLORING AMERICAN HISTORY. SIPS & STANZAS-SIPS & STANZAS IS A MONTHLY SOCIAL NETWORKING EVENT THAT PROVIDES ADULTS THE OPPORTUNITY TO EXPERIENCE SOUNDS FROM MUSIC CITY'S EMERGING ARTISTS AND PARTICIPATE IN ENGAGING DISCUSSIONS ON AMERICA'S MUSIC HISTORY. THE EVENT GATHERS PROFESSIONALS TO MEET, LISTEN TO, AND HAVE INTERACTIVE CONVERSATIONS WITH OUTSTANDING MUSIC LEADERS REPRESENTING BUSINESS, PERFORMANCE, MEDIA, AND OTHER INDUSTRY ASPECTS THEREBY CAPTURING ALL ASPECTS OF NASHVILLE'S MUSIC SCENE.EVERY YEAR IN JUNE, WE CELEBRATE BLACK MUSIC MONTH. THERE ARE A NUMBER OF ACTIVITIES HOSTED BY THE MUSEUM TO INCLUDE, BUT NOT LIMITED TO, A BLOCK PARTY AND COMMUNITY DAY. WITH COMMUNITY DAY, WE INVITE LOCAL BLACK OWNED BUSINESSES TO SETUP THEIR WARES AT A TABLE IN OUR MUSEUM IN AN EFFORT TO SUPPORT THEM. WE ALSO INVITE PEOPLE TO VARIOUS EVENTS LIKE LEARNING HOW TO PLAY MUSIC WITH SPOONS OR PLANTING A TREE (WHICH THEY TAKE WITH THEM). FOR OUR BLOCK PARTY, WE SHOWCASE VARIOUS BLACK ARTISTS TO THE PUBLIC. WE HAVE LOCAL RISING ARTIST ALL THE WAY UP TO NATIONAL RECORDING ARTIST. THIS YEAR'S HEADLINER WAS RAY PARKER, JR. ALBEIT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stacey Garrett Koju Chairman | OfficerTrustee | 4 | $0 |
Bret Babcock Trustee | Trustee | 1 | $0 |
Dr Ladonna Boyd Trustee | Trustee | 1 | $0 |
Tom Curtis Trustee | Trustee | 1 | $0 |
Dr Bob Fisher Trustee | Trustee | 1 | $0 |
Vince Gill Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Go West Creative Group Event Development & Management | 6/29/22 | $296,211 |
Federal Building Services Cleaning & Janitorial Services & Supplie | 6/29/22 | $236,766 |
Allied Universal Security Services | 6/29/22 | $349,639 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,572,330 |
All other contributions, gifts, grants, and similar amounts not included above | $4,787,291 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,359,621 |
Total Program Service Revenue | $2,960,771 |
Investment income | $1,065 |
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 | $667,332 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,944,465 |
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. | $285,000 |
Compensation of current officers, directors, key employees. | $178,103 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,175,801 |
Pension plan accruals and contributions | $72,963 |
Other employee benefits | $344,016 |
Payroll taxes | $177,850 |
Fees for services: Management | $0 |
Fees for services: Legal | $90,587 |
Fees for services: Accounting | $33,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,536,498 |
Advertising and promotion | $481,520 |
Office expenses | $0 |
Information technology | $190,039 |
Royalties | $0 |
Occupancy | $1,087,586 |
Travel | $111,754 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $704,524 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,333,550 |
Insurance | $38,561 |
All other expenses | $0 |
Total functional expenses | $10,462,093 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,545,325 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $3,042,989 |
Accounts receivable, net | $237,805 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $162,843 |
Prepaid expenses and deferred charges | $13,652 |
Net Land, buildings, and equipment | $386,210 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $152,142 |
Other assets | $32,977,000 |
Total assets | $38,517,966 |
Accounts payable and accrued expenses | $928,649 |
Grants payable | $0 |
Deferred revenue | $879,234 |
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 | $12,419,526 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $242,950 |
Total liabilities | $14,470,359 |
Net assets without donor restrictions | $21,004,618 |
Net assets with donor restrictions | $3,042,989 |
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 | $38,517,966 |