Virginias Heritage Music Trail The Crooked Road Inc
- Assets
- $220.8k
- Revenue
- $320.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Abingdon, VA
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 86-1115884
Organization Overview
Virginias Heritage Music Trail The Crooked Road Inc is located in Abingdon, VA. The organization was established in 2005. 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 12/2021, Virginias Heritage Music Trail The Crooked Road Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginias Heritage Music Trail The Crooked Road 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 12/2021, Virginias Heritage Music Trail The Crooked Road Inc generated $320.8k 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 (6.9%) each year. All expenses for the organization totaled $180.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE TOURISM AND ECONOMIC DEVELOPMENT IN THE APPALACHIAN REGION OF SOUTHWEST VIRGINIA BY FOCUSING ON THE REGION'S UNIQUE MUSICAL HERITAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CROOKED ROAD'S MISSION IS TO GENERATE A POSITIVE ECONOMIC IMPACT THROUGH INCREASED TOURISM, IN THE ORGANIZATION'S NINETEEN COUNTY APPALACHIAN REGIONS OF SOUTHWEST VIRGINIA, BY FOCUSING ON THE REGION'S UNIQUE MUSICAL HERITAGE. THIS MISSION IS ACCOMPLISHED THROUGH THE TRADITIONAL MUSIC EDUCATION PROGRAM AND OTHER ONGOING EDUCATIONAL PARTNERSHIPS; OUTREACH ACTIVITIES RELATED TO ADVERTISING THE CROOKED ROAD'S VENUES, AFFILIATES AND EVENTS; MAINTAINING A WEBSITE PRESENCE AND SOCIAL MEDIA ACCOUNTS; CONTRACTING ARTISTS FOR CROOKED ROAD ON TOUR AND MOUNTAINS OF MUSIC HOMECOMING CONCERTS; AND BY PROVIDING SUPPORT AT RELATED EVENTS AND FESTIVALS INCLUDING THE INTERNATIONAL BLUEGRASS MUSIC ASSOCIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Baldwin Vice Preside | OfficerTrustee | $0 | |
Dylan Locke President | OfficerTrustee | $0 | |
David Reemsnyder Treasurer | OfficerTrustee | $0 | |
Aj Robinson Secretary | OfficerTrustee | $0 | |
Larry D Yates Past Preside | OfficerTrustee | $0 | |
Richard Emmett Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,635 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,461 |
| Total Program Service Revenue | $18,397 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $158 |
| 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 | $320,819 |
| 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 | $70,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,228 |
| Office expenses | $6,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,037 |
| Travel | $2,432 |
| 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 | $7,485 |
| Insurance | $2,239 |
| All other expenses | $0 |
| Total functional expenses | $180,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,099 |
| Accounts receivable, net | $9,337 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,552 |
| Prepaid expenses and deferred charges | $870 |
| Net Land, buildings, and equipment | $17,014 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,795 |
| Accounts payable and accrued expenses | $22,413 |
| Grants payable | $0 |
| Deferred revenue | $5,640 |
| 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 | $28,053 |
| Net assets without donor restrictions | $192,742 |
| 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 | $220,795 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginias Heritage Music Trail The Crooked Road Inc has recieved totaling $8.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |