2016-10-06T08:27:01-05:00 2015-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2015-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 NINA BURGHARD SR.VP OF FINANCIAL SVCS/OPER 6154162043 2016-09-28 1 KEN YOUNGSTEAD P00320901 6152427351 2016-09-28 2015 2017-02-10 21:41:12Z COUNTRY MUSIC HALL OF FAME AND MUSEU KYLE YOUNG 222 FIFTH AVE SOUTH NASHVILLE TN 37203 37099900 0 X WWW.COUNTRYMUSICHALLOFFAME.ORG X 1964 TN 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 FANS, STUDENTS, SCHOLARS, MEMBERS OF THE MUSIC INDUSTRY, AND THE GENERAL PUBLIC----IN THE NASHVILLE AREA, THE NATION, AND THE WORLD. 11 11 447 168 13274126 87189 10400872 2438244 16710591 19351458 87542 109270 11521482 12154558 38720487 34053530 0 0 0 0 10405239 11650141 0 0 1071640 16179979 17541295 26585218 29191436 12135269 4862094 108656424 101597979 48375709 36402370 60280715 65195609 X TO IDENTIFY AND PRESERVE THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. 0 0 25876974 18038801 FOUNDED IN 1967, THE COUNTRY MUSIC HALL OF FAME AND MUSEUM IS A NOT-FOR-PROFIT EDUCATION INSTITUTION THAT PRESERVES AND INTERPRETS THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND ITS CULTURAL RELATIVES. FUNCTIONING AS A NATIONAL HISTORY MUSEUM AND AN INTERNATIONAL ARTS ORGANIZATION, THE MUSEUM IS ONE OF THE MOST POPULAR IN THE UNITED STATES. THE COUNTRY MUSIC HALL OF FAME AND MUSEUM DELIVERED THE FOLLOWING RESULTS "BY THE NUMBERS" IN 2015. " 1,082,809 PEOPLE VISITED THE MUSEUM." 100,000 PEOPLE VISITED HISTORIC RCA STUDIO B." 15 EXHIBITIONS WERE CURATED AND PRESENTED." 183,634 GUESTS ENGAGED IN 815 HANDS-ON LEARNING ACTIVITIES DEVELOPED IN THE TAYLOR SWIFT EDUCATION CENTER." 525 PAGES OF THE MUSEUM'S DIGITAL ARCHIVES AND GOOGLE CULTURAL INSTITUTE CONTENT WERE VIEWED EACH DAY." 9,088 NEWS STORIES, GARNERING 23.5 TRILLION IMPRESSIONS, FEATURED THE MUSEUM." 1,050 EVENTS WERE HOSTED. " 190,000 CUSTOM POSTERS WERE PRODUCED BY HATCH SHOW PRINT." 169 VOLUNTEERS AND 51 INTERNS CONTRIBUTED 22,358 HOURS OF SERVICE, VALUED AT $515,799 BY INDEPENDENT SECTOR RESEARCH. 25876974 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 266 0 1 447 1 1 1 0 0 0 0 1 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 NY CA X NINA BURGHARD 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 MARK BLOOM TRUSTEE 1.00 X 0 0 0 DAVID CONRAD TRUSTEE 1.00 X 0 0 0 J WILLIAM DENNY TRUSTEE 0.50 X 0 0 0 ROD ESSIG TRUSTEE 1.00 X 0 0 0 JOHN GRADY TRUSTEE 2.00 X 0 0 0 KEN LEVITAN TRUSTEE 2.00 X 0 0 0 MARY ANN MCCREADY TRUSTEE 1.00 X 0 0 0 JODY WILLIAMS TRUSTEE 1.00 X 0 0 0 STEVE TURNER CHAIRMAN OF THE BOARD 8.00 X X 0 0 0 KEEL HUNT SECRETARY OF BOARD 2.00 X X 0 0 0 ERNIE WILLIAMS III TREASURER OF BOARD 2.00 X X 0 0 0 CONNIE BRADLEY TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 RICHARD FRANK TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 EMMYLOU HARRIS TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 BRUCE HINTON TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 KENNETH ROBERTS TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 EW BUD WENDELL TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 JANICE WENDELL TRUSTEE EMERITI / NON VOTING 0.00 X 0 0 0 VINCE GILL PRESIDENT / NON VOTING 2.00 X 0 0 0 AL GIOMBETTI EXEC VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 EARL BENTZ VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 MIKE DUNGAN VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 RANDY GOODMAN VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 LON HELTON VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 HENRY JUSZKIEWICZ VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 DONNA NICELY VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 GARY OVERTON VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 DAVID ROSS VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 SARAH TRAHERN-EX-OFFICIO VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 ROBERT ROWLING JR VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 JIM SEABURY VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 CLARENCE SPALDING VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 TROY TOMLINSON VICE PRESIDENT / NON VOTING 1.00 X 0 0 0 TIM WIPPERMAN VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 FRANCES GUESS DECEASED JUN '15 VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 MIKE HELTON VICE PRESIDENT / NON VOTING 0.50 X 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 55.00 X 480450 0 16332 NINA BURGHARD SR. VP FINANCIAL SERVICES & OPERATIONS 55.00 X 188004 0 11992 SHARON BRAWNER SR. VP MARKETING 55.00 X 179207 0 9201 CAROLYN TATE SR. VP MUSEUM SERVICES 55.00 X 139580 0 10289 DONOVAN SARGENT DIRECTOR OF IT 55.00 X 110641 0 5349 MARK YOUNG DIRECTOR OF EVENT SERVICES, F&B 55.00 X 114748 0 8356 LISA PURCELL DAVIS VP DEVELOPMENT 55.00 X 107692 0 2555 1320322 0 64074 7 0 1 0 TWELVE TWENTY EXHIBITS 3801 VULCAN DR NASHVILLE TN 37211 EXHIBIT SERVICES 673933 GUARDSMARK PO BOX 11407 BIRMINGHAM AL 35246 SECURITY SERVICE 515318 TSC MARKETING 1030 18TH AVE S NASHVILLE TN 37212 RETAIL PRODUCT 465416 VIP PRODUCTIONS 717 BRISKBERRY CT NASHVILLE TN 37221 PRODUCTION SERVICES 366697 PROIMAGE COMMERCIAL CLEANING SERVICES 15115 OLD HICKORY BLVD STE B NASHVILLE TN 37211 HOUSEKEEPING SERVICES 235743 18 27500 472545 1938199 35242 2438244 ADMISSION FEES 900099 14291498 14291498 EVENT REVENUE 900099 5059960 0 5059960 19351458 150006 150006 20633 20633 78881 2400 114947 7070 -36066 -4670 -40736 -40736 398088 27500 225632 172456 172456 6610454 2698721 3911733 2829911 1081822 RESTARAUNT AND CATERING REVENUE 722100 7714345 584101 7130244 OTHER REVENUES 900099 335391 333291 2100 8049736 34053530 18038801 13274126 302359 1384397 754946 346099 283352 8686685 7831513 654069 201103 64591 58426 5519 646 794157 643550 101490 49117 720311 577557 96032 46722 95955 85486 7675 2794 34700 30914 2775 1011 410084 365341 32801 11942 2052389 1819296 170879 62214 366398 326422 29306 10670 180633 160925 14448 5260 2175220 1937890 173985 63345 65604 52602 8746 4256 5705 5083 456 166 798862 711701 63897 23264 4244853 3781714 339524 123615 UBI TAX PAID 38765 38765 COST OF RESTAURANT / CA 1980088 1980088 EVENT SUBCONTRACTORS 1314886 1314886 REMAINING SG&A 1096339 976719 87693 31927 2680814 2423150 107428 150236 29191436 25876974 2242822 1071640 10115173 11000009 1196559 355954 10386267 6122850 859356 575491 921152 1240705 60878 68146 105882225 27222552 81358610 78659673 3408178 3303644 350251 271507 108656424 101597979 2182616 2015480 707398 904611 19535000 12400000 9454166 4513276 16496529 16569003 48375709 36402370 X 46560451 55984945 11519764 6975164 2200500 2235500 60280715 65195609 108656424 101597979 X 4862094 -74427 127227 X X 0 1 X 1 0 X 1831901 1683469 2043811 10400872 2410744 18370797 1831901 1683469 2043811 10400872 2410744 18370797 285390 18085407 226993 205751 180960 177328 170639 961671 127757 14950 115571 145065 87097 490440 703122 703122 20526030 59646486 0.88110 0.73940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2979608 35000 -39312 78245 2897051 2745043 302825 68260 2979608 2217173 200000 393744 65874 2745043 1825069 200000 248069 55965 2217173 1831471 49816 56218 1825069 0.77000 0.23000 1 0 3926300 3926300 80546166 23600615 56945551 7487125 2215482 5271643 13922634 1406455 12516179 78659673 CAPITAL LEASE OBLIGATION 16569003 16569003 X 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 2015 IS $138,514 AND FOR THE YEAR 2014 IS $76,406. PART V, LINE 4: THE ORGANIATION 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. 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. ALL FOR THE HALL NEW YORK 423822 27500 396322 25875 102462 97295 423822 27500 396322 25875 102462 97295 225632 170690 1 X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 454711 0 25739 0 0 0 9079 0 7253 0 496782 0 0 0 NINA BURGHARD SR. VP FINANCIAL SERVICES & OPERATIO 177216 0 10788 0 0 0 5752 0 6240 0 199996 0 0 0 SHARON BRAWNER SR. VP MARKETING 169053 0 10154 0 0 0 2957 0 6244 0 188408 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 10635000 23035000 2001 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 1 SUNTRUST BANK 5.000000000000 0 0 0 0 0 A 0 X 71 0 X 1 2100 FMV X SILENT AUCTION ITEMS 2 26000 FAIR MARKET VALUE X MUSICAL INSTRUMENTS 1 7142 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. 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 IN 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. FORM 990, PART VI, SECTION A, LINE 2 BUD WENDELL, DIRECTOR AND JANICE WENDELL, DIRECTOR HAVE A FAMILY 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 11 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 RELTED 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 XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 127,227. FORM 990, PART XII, LINE 2C THE PROCESS REMAINS UNCHANGED FROM THE 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 FOOD ON FIFTH LLC 222 5TH AVE SOUTH NASHVILLE TN 37203 472394270 OPERATION OF RESTAURANT IN MUSEUM TN 3294 0 3294 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0