National Academy Of Recording Arts & Sciences Inc

Organization Overview

National Academy Of Recording Arts & Sciences Inc, operating under the name Recording Academy, is located in Santa Monica, CA. The organization was established in 1988. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2023, Recording Academy employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recording Academy 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 07/2023, Recording Academy generated $90.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $103.0m during the year ending 07/2023. While expenses have increased by 4.2% per year over the past 8 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.

Since 2015, Recording Academy has awarded 86 individual grants totaling $68,961,050. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO ADVANCE THE ARTS AND SCIENCES OF RECORDING AND TO FOSTER CREATIVE LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE RECORDING ACADEMY PRODUCES THE GRAMMY AWARDS, THE ONLY PEER-PRESENTED AWARD TO HONOR ARTISTIC ACHIEVEMENT, TECHNICAL PROFICIENCY, AND EXCELLENCE IN THE RECORDING INDUSTRY, WITHOUT REGARD TO ALBUM SALES OR CHART POSITION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fulwell 73 Uk Limited
Event Production
$9,967,270
Ken Ehrlich Production Inc
Event Production
$3,340,185
Tenth Planet Productions Inc
Event Production
$1,710,233
Prudent Risk Management International Ll
Event Serology
$1,693,233
Turnkey International Inc
Event Production
$1,321,110
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,275,593
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$268,198
Noncash contributions included in lines 1a–1f $268,198
Total Revenue from Contributions, Gifts, Grants & Similar$1,543,791
Total Program Service Revenue$82,778,296
Investment income $6,508,026
Tax Exempt Bond Proceeds $0
Royalties $2,111,115
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,279,374
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $90,864,636

Grants Awarded

Over the last fiscal year, National Academy Of Recording Arts & Sciences Inc has awarded $6,636,343 in support to 8 organizations.

Grant RecipientAmount

MUSICARES FOUNDATION INC

PURPOSE: CONTRIBUTION AND PROGRAM SERVICE SUPPORT

$3,601,230

GRAMMY MUSEUM FOUNDATION INC

PURPOSE: CONTRIBUTION AND PROGRAM SERVICE SUPPORT

$2,816,113

LATIN GRAMMY CULTURAL FOUNDATION INC

PURPOSE: GENERAL SUPPORT

$150,000

100 BLACK MEN OF ATLANTA INC

PURPOSE: GENERAL SUPPORT

$26,000

SONGWRITERS HALL OF FAME

PURPOSE: GENERAL SUPPORT

$17,850

NORFOLK STATE UNIVERSITY FOUNDATION INC

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Academy Of Motion Picture Arts & Sciences
Beverly Hills, CA
$156,531,738
National Academy Of Recording Arts & Sciences Inc
Santa Monica, CA
$90,864,636
Motion Picture Association Inc
Sherman Oaks, CA
$74,542,703
Corporation Of The Fine Arts Museums
San Francisco, CA
$51,320,559
Academy Of Television Arts & Sciences
North Hollywood, CA
$43,313,787
National Association Of Music Merchants Inc
Carlsbad, CA
$16,842,924
Independent Film & Television Alliance
Los Angeles, CA
$14,076,625
Alliance Of Motion Picture And Television Producers
Sherman Oaks, CA
$12,120,788
National Association Of Television Program Executives Inc
Studio City, CA
$974,629
Peter Britt Gardens Music And Arts Festival Association
Medford, OR
$3,945,941
California Cable & Telecommunications
Sacramento, CA
$2,777,953
Printing Industries Association Inc
Los Angeles, CA
$1,431,684
Aia San Francisco A Chapter Of The American Institute Of Architects
San Francisco, CA
$3,787,320
Robert C Maynard Institute For Journalism Education
Oakland, CA
$1,438,021
California Newspaper Publishers Association Inc
Sacramento, CA
$1,276,257
Central Arts Alliance
Phoenix, AZ
$850,658
American Institute Of Architects Los Angeles Chapter
Los Angeles, CA
$1,646,480
Carden Portland Education Institute Inc
Hillsboro, OR
$1,224,322
Aia Oregon
Portland, OR
$882,039
Western Alliance Of Arts Adminstrators Foundations
Portland, OR
$881,901
California Bicycle Coalition Education Fund
Sacramento, CA
$774,079
Global Academy Of Science And Arts
Mountain View, CA
$608,718
Aia Arizona The American Institute Of Architects
Phoenix, AZ
$833,139
California Association Of Museums
Alpine, CA
$470,847
Society Composers And Lyricists Inc
Beverly Hills, CA
$1,068,485

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