2021-10-28T08:23:01-05:00 2020-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2020-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 NINA BURGHARD SR.VP OF FINANCIAL SVCS/OPER 6154162043 2021-10-28 1 NINA BURGHARD 999009999 FRANCES E LEAHY P00713593 6152427351 2021-10-22 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z COUNTRY MUSIC HALL OF FAME AND MUSEU KYLE YOUNG 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 15470005 0 X WWW.COUNTRYMUSICHALLOFFAME.ORG X 1964 TN IDENTIFY & PRESERVE THE EVOLVING HISTORY & TRADITIONS OF COUNTRY MUSIC & TO EDUCATE ITS AUDIENCES. 11 11 412 168 3147004 0 1790541 3756608 35228077 7743512 637943 381780 5862413 2270298 43518974 14152198 0 0 0 0 17958437 13740555 0 0 1440668 19359639 12597564 37318076 26338119 6200898 -12185921 111642890 103507163 21748710 25437746 89894180 78069417 X THE MISSION OF THE COUNTRY MUSIC FOUNDATION, INC. (CMF) IS TO IDENTIFY AND PRESERVE THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. FUNCTIONING AS A LOCAL HISTORY MUSEUM AND AS AN INTERNATIONAL ARTS ORGANIZATION, THE CMF SERVES VISITING AND NON-VISITING AUDIENCES INCLUDING FAMILIES, STUDENTS, SCHOLARS, MEMBERS OF THE MUSIC INDUSTRY, AND THE GENERAL PUBLIC, IN THE NASHVILLE AREA, THE NATION, AND THE WORLD. 0 0 22362495 6866806 FOUNDED IN 1967, THE COUNTRY MUSIC FOUNDATION, INC. (CMF), WHICH DOES BUSINESS AS COUNTRY MUSIC HALL OF FAME AND MUSEUM (THE MUSEUM) IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION THAT PRESERVES AND INTERPRETS THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC. FUNCTIONING AS A NATIONAL HISTORY MUSEUM AND AS AN INTERNATIONAL ARTS ORGANIZATION THAT TRADITIONALLY WELCOMES 1.2 MILLION ANNUAL VISITORS AND SAFEGUARDS A DIVERSE ARTIFACT AND ARCHIVAL COLLECTION COMPRISED OF MOVING IMAGES ON FILM; VIDEO AND DIGITAL FORMATS; PHOTOGRAPHS; SOUND RECORDINGS; ORAL HISTORY INTERVIEWS; STAGE COSTUMES; MUSICAL INSTRUMENTS; POSTERS; PRINTED MATERIALS; OBJECTS ILLUSTRATING THE LIVES AND CAREERS OF MUSICIANS, INDUSTRY FIGURES AND THE CULTURE OF COUNTRY MUSIC. THROUGH 12 ANNUAL EXHIBITS, THE MUSEUM INTERPRETS ITS COLLECTION WITH SUPPORT OF THE MORE THAN 1400 ANNUAL EDUCATIONAL PROGRAMS.EFFECTIVE MARCH 13, 2020, THE COUNTRY MUSIC FOUNDATION DISCONTINUED OPERATIONS AT THE MUSEUM, INCLUDING CLOSING THE RESTAURANTS AND CANCELLATIONS OF EVENTS THAT WERE SCHEDULED AT THE MUSEUM. THE COUNTRY MUSIC FOUNDATION REOPENED ITS MUSEUM, RETAIL AND EVENT VENUES ON SEPTEMBER 9, 2020. HOWEVER, THE FOUNDATION'S BUSINESS AND ACTIVITIES ARE LIMITED BY LOCAL AND NATIONAL GUIDELINES PUT IN PLACE FOR THE SAFETY OF STAFF AND VISITORS DURING THE CORONAVIRUS OUTBREAK. 22362495 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 0 0 1 155 0 1 412 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 TN X NINA BURGHARD 6154162043 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 STEVE TURNER CHAIRMAN OF THE BOARD 8.00 X X 0 0 0 AL GIOMBETTI EXECUTIVE VICE PRESIDENT OF THE BOARD 2.00 X X 0 0 0 DAVID ROSS SECRETARY OF THE BOARD 2.00 X X 0 0 0 ERNEST WILLIAMS III TREASURER OF THE BOARD 2.00 X X 0 0 0 DAVID CONRAD TRUSTEE 1.00 X 0 0 0 MARK BLOOM TRUSTEE 1.00 X 0 0 0 KEN LEVITAN TRUSTEE 1.00 X 0 0 0 MARY ANN MCCREADY TRUSTEE 1.00 X 0 0 0 JODY WILLIAMS TRUSTEE 1.00 X 0 0 0 J WILLIAMS DENNY TRUSTEE 1.00 X 0 0 0 ROD ESSIG TRUSTEE 1.00 X 0 0 0 KYLE YOUNG CEO 55.00 X 590606 0 12722 MARTINA BURGHARD SR. VP FINANCIAL SERVICES & OPERATIONS 55.00 X 210140 0 8771 SHARON BRAWNER SR. VP SALES & MARKETING 55.00 X 212260 0 11012 LISA DAVIS SR. VP EXTERNAL AFFAIRS 55.00 X 170238 0 9145 BRENDA COLLADAY VP MUSEUM SERVICES 40.00 X 113191 0 7801 MARK DE LELYS VP REVENUE 40.00 X 134738 0 8528 HERNANDO RODRIGUEZ SR. DIRECTOR OF EVENTS & CULINARY 40.00 X 172898 0 9372 WARREN DENNEY VP CREATIVE 40.00 X 112492 0 6721 1716563 0 74072 8 0 1 0 ALLIED UNIVERSAL SECURITY SERVICE PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 423068 FRANTZ BUILDING SERVICES INC PO BOX 2001 OWENSBORO KY 42302 CLEANING SERVICES 337394 MUSIC CITY CENTER 201 5TH AVE S NASHVILLE TN 37203 PARKING 242180 HARTFORD FIRE INSURANCE PO BOX 660916 DALLAS TX 752660916 PROPERTY AND CASUALTY INSURANCE 185816 JOHNSON CONTROLS PO BOX 730068 DALLAS TX 75373 BUILDING SYSTEMS MAINTENANCE 175037 12 1130523 2626085 39514 3756608 ADMISSION FEES 900099 4527294 4527294 RESTAURANT AND CATERING REVENUE 722100 1904363 134720 1769643 EVENT REVENUE 900099 1311855 243713 1068142 7743512 366991 366991 166751 151962 14789 14789 14789 2206979 1165845 1041134 731915 309219 OTHER REVENUE 900099 1229164 1229164 1229164 14152198 6866806 3147004 381780 1224894 597092 306223 321579 10683432 9221667 1081779 379986 162889 135193 19438 8258 832681 664427 111910 56344 836659 664347 114348 57964 120997 107796 9680 3521 42292 37677 3383 1232 23303 23303 287441 256079 22991 8371 1167135 1039794 93353 33988 550894 490791 44072 16031 326635 290999 26131 9505 1549263 1343266 151015 54982 8467 6800 1126 541 1948 1736 156 56 380906 339347 30467 11092 4908359 4372827 392595 142937 EVENT EXPENSE 950541 950541 GRANT & OTHER FUNDRAISI 684935 388122 296813 MISCELLANEOUS EXPENSE 392750 349899 31414 11437 OTHER SG&A 378848 337516 30308 11024 822850 766579 41264 15007 26338119 22362495 2534956 1440668 19170494 10009079 2397996 2077867 421134 492215 1750906 1672550 319138 360046 114515047 49141970 69419356 65373077 18163866 23522329 111642890 103507163 2281050 2894763 1656377 1532810 500000 500000 543502 492715 3271900 16767781 16745558 21748710 25437746 X 84002958 72141722 5891222 5927695 89894180 78069417 111642890 103507163 -12185921 361158 0 X X 0 1 X 1 0 X 3061103 3148337 3164719 1790541 2626085 13790785 3061103 3148337 3164719 1790541 2626085 13790785 917854 12872931 235061 216843 323226 695558 366991 1837679 91617 438469 292517 186636 0 1009239 433620 938541 1259548 1305081 1229164 5165954 21803657 89720241 0.59040 0.71160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 3734879 20000 451017 166901 23302 4015693 3122145 798026 162333 22959 3734879 3372722 -95848 131756 22973 3122145 3048679 30000 460006 -144085 -21878 3372722 2897051 238339 86711 3048679 1.00000 1 0 3926300 3926300 83870109 32175160 51694949 12164532 8220796 3943736 14554106 8746014 5808092 65373077 CAPITAL LEASE OBLIGATION 16745558 16745558 X 19266582 361158 338784 3271900 3971842 15294740 23303 -1165845 -1142542 14152198 27819445 338784 338784 27480661 23303 -1165845 -1142542 26338119 PART III, LINE 1A: THE FOUNDATION'S COLLECTIONS ARE MADE UP PRINCIPALLY OF RECORDINGS, BOOKS, FILMS AND PERIODICALS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. THESE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. IN ACCORDANCE WITH THE PROVISIONS OF GAAP, THE FOUNDATION DOES NOT CAPITALIZE DONATED ARTIFACTS OR RECOGNIZE THEM AS REVENUES OR GAINS. GAAP PROVIDES THAT SUCH DONATIONS NEED NOT BE RECOGNIZED IF THEY ARE ADDED TO COLLECTIONS THAT ARE HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN; ARE PROTECTED, KEPT UNENCUMBERED, CARED FOR, AND PRESERVED; AND ARE SUBJECT TO A POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF COLLECTION ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE ESTIMATED FAIR VALUE OF THE DONATED ARTIFACTS IN THE YEAR 2020 IS $41,592 AND FOR THE YEAR 2019 IS $943,738. PART V, LINE 4: THE ORGANIZATION HAS AN ENDOWMENT POLICY AND INVESTMENT POLICY. THE CORPUS IS HELD AND THE EARNINGS OF A ROLLING 3 YEAR AVERAGE UP TO 5% ARE DISTRIBUTED TO OPERATIONS. ANY RESTRICTED FUNDING IS USED AS DESIGNATED. THE ENDOWMENT FUNDS ARE FUNDS THAT GROW IN VALUE AND PROVIDE A SOURCE OF INCOME PRIMARILY FOR THE SUPPORT OF OPERATING COSTS. PART X, LINE 2: MANAGEMENT PERFORMS AN EVALUATION OF ALL INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S INCOME TAX RETURNS TO DETERMINE WHETHER THE INCOME TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS PERFORMED ITS EVALUATION OF ALL INCOME TAX POSITIONS TAKEN ON ALL OPEN INCOME TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. ACCORDINGLY, THERE ARE NO PROVISIONS FOR INCOME TAXES, PENALTIES OR INTEREST RECEIVABLE OR PAYABLE RELATING TO UNCERTAIN INCOME TAX POSITIONS IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PPP LOAN NOT YET FORGIVEN 3,271,900. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASS -1,165,845. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASS -1,165,845. 1 X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG CEO 590606 0 0 0 0 0 0 0 12722 0 603328 0 0 0 SHARON BRAWNER SR. VP SALES & MARKETING 212260 0 0 0 0 0 0 0 11012 0 223272 0 0 0 MARTINA BURGHARD SR. VP FINANCIAL SERVICES & OPERATIO 210140 0 0 0 0 0 0 0 8771 0 218911 0 0 0 HERNANDO RODRIGUEZ SR. DIRECTOR OF EVENTS & CULINARY 172898 0 0 0 0 0 0 0 9372 0 182270 0 0 0 LISA DAVIS SR. VP EXTERNAL AFFAIRS 170238 0 0 0 0 0 0 0 9145 0 179383 0 0 0 A INDUSTRIAL DEVELOPMENT BOARD OF THE METRO GOVERNMENT OF NASHVILLEDAVIDSON 521789764 NONEAVAIL 2010-03-22 23035000 REFUNDING OF 1999 BOND ISSUE 0 0 0 A 22535000 23035000 2001 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 ERNIE WILLIAMS BOARD MEMBER AND MEMBER OF ENDOWMENT INVESTMENT MANAGER 23303 CMF'S ENDOWMENT IS MANAGED BY THE INVESTMENT MANAGER OF WHICH MR. WILLIAMS IS A PART OWNER. TRANSACTION AMOUNT IS MANAGEMENT FEES PAID TO THE INVESTMENT MANAGER 0 KEN LEVITAN BOARD MEMBER AND PART OWNER OF BAJO SEXTO 115310 CMF OWNS 40% OF BAJO SEXTO, MR. LEVITAN IS ONE OF THE OTHER OWNERS WHOSE OWNERSHIP INTEREST MAKE UP THE REMAINING 60% OWNERSHIP INTEREST IN BAJO SEXTO. TRANSACTION AMOUNT IS CMF'S CURRENT YEAR EARNINGS FROM BAJO SEXTO. 0 X 4 430004 FAIR MARKET VALUE X 42 41592 FAIR MARKET VALUE X 13 10396 FAIR MARKET VALUE X GUITARS 3 29118 FAIR MARKET VALUE 0 1 0 PART I, LINE 33: IN ACCORDANCE WITH PROFESSIONAL STANDARDS, THE ORGANIZATION HAS ELECTED THAT CERTAIN OBJECTS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE ASSOCIATION'S INCEPTION NOT BE VALUED ON THE BALANCE SHEET. THE COST OF SUCH OBJECTS PURCHASED ARE REFLECTED AS PROGRAM EXPENSES AND TREATED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN TEMPORARILY OR PERMANENTLY RESTRICTED NET ASSETS IF THE ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. PROCEEDS FROM THE SALE OF ANY DEACCESSIONED ITEMS ARE CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS, TO BE APPLIED TOWARD FUTURE COLLECTION ACQUISITIONS. THE VALUE OF COLLECTION ITEMS CONTRIBUTED EACH YEAR BY DONORS IS NOT RECORDED IN THE FINANCIAL STATEMENTS. SCHEDULE M, PART I, COLUMN (B): PART 1, COLUMN (B) REPRESENTS AN ESTIMATE OF THE NUMBER OF CONTRIBUTORS, EXCEPT FOR COLLECTIBLES WHICH ARE THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 ERNEST WILLIAMS III, DIRECTOR, AND KYLE YOUNG, CEO, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE MEETINGS OF THE BOARD ARE LESS FORMAL, BUT A WRITTEN AGENDA IS PREPARED IN ADVANCE FOR EACH MEETING. SIGNIFICANT DECISIONS MUST STILL BE APPROVED BY THE FULL VOTING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT PROVIDE A COPY OF ITS FORM 990 TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING. HOWEVER THE SR. VP OF FINANCIAL SERVICES AND OPERATIONS REVIEWS A DRAFT OF THE FORM 990 WITH THE FINANCE COMMITTEE BOARD CHAIR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH BOARD MEMBER TO REVIEW ITS ETHICS AND CONFLICTS OF INTEREST POLICY ANNUALLY AND SIGN A STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST. IF IT IS DETERMINED THAT A BOARD MEMBER MAY HAVE A CONFLICT OF INTEREST RELATED TO AN ISSUE UNDER CONSIDERATION BY THE BOARD, THAT BOARD MEMBER DOES NOT PARTICIPATE IN ANY DISCUSSION OR VOTING ON THAT ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE MEETS AND REVIEWS CEO COMPENSATION FOR SIMILAR ORGANIZATIONS. FOR OTHER KEY EMPLOYEES, MANAGEMENT COMPARES PUBLISHED DATA FROM OTHER NONPROFITS AND CONSULTS WITH HUMAN RESOURCE CONSULTANTS REGARDING MARKET SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HALL OF FAME GRILL AND CATERING LLC 222 5TH AVE SOUTH NASHVILLE TN 37203 270146678 OPERATION OF RESTAURANT IN MUSEUM/CATERING EVENTS AND VENUE RENTALS TN 1944882 449722 COUNTRY MUSIC FOUNDATION FOOD ON FIFTH LLC 222 5TH AVE SOUTH NASHVILLE TN 37203 472394270 OPERATION OF RESTAURANT IN MUSEUM TN LGW LLC UNRELATED -23851 302809 0 0 0.40000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0