Black Music Action Coalition Inc
- Assets
- $2.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2023
- EIN
- 92-0894392
Organization Overview
Black Music Action Coalition Inc is located in Nashville, TN. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, 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. Black Music Action Coalition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERMENT AND EDUCATION IN MUSIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLACK MUSIC ACTION COALITION (BMAC) GALA IS THE ONE AND ONLY MUSIC GATHERING TO CELEBRATE MUSIC ARTISTS AND MUSIC INDUSTRY PROFESSIONALS FOR THEIR CONTRIBUTION TO SOCIAL AND RACIAL JUSTICE. BMAC GALA HONOREES ARE EACH REMARKABLE AND HAVE SHOWN AN EXTRAORDINARY AMOUNT OF DEDICATION AND COMMITMENT IN THE FIGHT FOR RACIAL EQUITY AND SOCIAL CHANGE. 2023 BMAC GALA HONOREES INCLUDED, BMAC 365 AWARD, TARIQ CHERIF AND MATT ZINGLER, ROLLING LOUD, QUINCY JONES HUMANITARIAN AWARD, LIZZO, BMAC CHANGE AGENT AWARD, JASON FLOM, TRAE THA TRUTH, BMAC SOCIAL IMPACT AWARD, DR. MENNA DEMESSIE, JESSE COLLINS, KEKE PALMER, BMAC CLARENCE AVANT TRAILBLAZER AWARD, JERMAINE DUPRI, SYLVIA RHONE. BMAC WAS PROUD TO HOST STUDENTS AND EMERGING INDUSTRY PROFESSIONALS FROM ITS EXTENSIVE ROSTER OF MENTORSHIP PROGRAMS.
THE BLACK MUSIC ACTION COALITION (BMAC) AND THE ACADEMY OF COUNTRY MUSIC (ACM) LAUNCHED "ONRAMP," AN ECONOMIC EMPOWERMENT AND MENTORSHIP PROGRAM FOR 20 YOUNG, BLACK MEMBERS OF THE MUSIC COMMUNITY, INCLUDING ARTISTS AND INDUSTRY PROFESSIONALS, IN NASHVILLE, TENNESSEE. THE ON RAMP PROGRAM WORKS TO CREATE INCLUSION FOR BLACK TALENT WHO HAVE HISTORICALLY BEEN EXCLUDED FROM ARTISTIC AND ECONOMIC SUCCESS WITHIN COUNTRY MUSIC, DESPITE A LEGACY OF ORIGINATION AND CONTRIBUTION. THE ONRAMP PROGRAM, FOCUSED ON IMPROVING INCLUSIVITY AND EQUITY WITHIN MUSIC CITY, AIMS TO EMPOWER THE NEXT GENERATION OF LEADERS IN THE EARLY STAGES OF THEIR CAREERS BY GRANTING ACCESS TO PROFESSIONAL DEVELOPMENT OPPORTUNITIES, COMMUNITY MENTORSHIP, AND OTHER AVENUES TO INCREASE PERSONAL GROWTH, INDUSTRY EXPOSURE, EXCLUSIVE BMAC MEMBERSHIP PANELS. THROUGH MUSIC MAKER GRANTS, MENTORSHIP PROGRAMS AND MUSIC BUSINESS EDUCATION PROGRAMS BMAC HAS CREATED ACCESS, OPPORTUNITY AND JOB PLACEMENTS FOR EMERGING MUSIC INDUSTRY PROFESSIONALS. THE BMAC ON RAMP PROGRAM PROVIDED ECONOMIC EMPOWERMENT WITH MONTHLY SUPPORT AND ONGOING MENTORSHIP TO AN UNDERSERVED COMMUNITY OF ARTISTS AND PROFESSIONALS IN TN. BMAC IMPACT EVENTS AND CONVENINGS SERVE TO CREATE NARRATIVE CHANGE. BMAC DIRECTLY SUPPORTED COMMUNITIES THROUGH THE HOLIDAY GIFTING PROGRAM.
THE BLACK MUSIC ACTION COALITION (BMAC) WORKED IN PARTNERSHIP WITH TV HOST NICK CANNON AND HIS NEXT SUPERSTAR TOUR 2023 TO PROVIDE A NATIONWIDE SLATE OF GRANTS FOR EMERGING MUSIC ARTISTS. THE TOUR AND CORRELATED GRANTS WERE A CELEBRATORY, EMPOWERMENT JOURNEY FOR THE RISING STARS OF MUSIC'S NEXT GENERATION. BMAC PUT OUT A NATIONWIDE APPLICATION FOR EMERGING ARTISTS TO APPLY IN THEIR HOMETOWN AS THE TOUR CAME THROUGH. BMAC WORKED WITH A COALITION TO IDENTIFY BMAC X FUTURE SUPERSTAR GRANTEES IN 17 CITIES. GRANTEES RECEIVED GRANT FUNDING, A NEXT SUPERSTAR EDUCATIONAL SEMINAR, AND THE CHANCE TO PARTICIPATE IN A NEXT SUPERSTAR SHOW WITH HEADLINING TALENT PERFORMING. IN ADDITION, BMAC WAS PROUD TO PROVIDE MENTORSHIP PROGRAMMING FOR GRANTEES AND THE OPPORTUNITY TO PARTICIPATE IN BMAC MUSIC INDUSTRY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Willie Stiggers President | OfficerTrustee | 40 | $0 |
Shawn Holiday Executive Vice President | OfficerTrustee | 2 | $0 |
Caron Veazey Vice President | OfficerTrustee | 2 | $0 |
Ashaunna Ayars Vice President | OfficerTrustee | 2 | $0 |
Naima Cochrane Vice President | OfficerTrustee | 2 | $0 |
Jamil Davis Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,015,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,015,140 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $4,245,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $289,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $142,132 |
| Compensation of current officers, directors, key employees. | $19,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,850 |
| Advertising and promotion | $2,910 |
| Office expenses | $288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,723 |
| 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 | $0 |
| All other expenses | $1,636,037 |
| Total functional expenses | $2,115,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,188,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,206 |
| 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 | $2,302,827 |
| Accounts payable and accrued expenses | $2,500 |
| Grants payable | $0 |
| Deferred revenue | $170,000 |
| 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 | $172,500 |
| Net assets without donor restrictions | $2,130,327 |
| 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 | $2,302,827 |