2015-10-30T14:16:25-05:00 2014-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2014-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 NINA BURGHARD SRVP OF FINANCIAL SVCS/OPER 6154162043 2015-10-30 1 KEN YOUNGSTEAD P00320901 6152427351 2015-10-26 2014 2016-03-07 17:11:31Z COUNTRY MUSIC HALL OF FAME AND MUSEU KYLE YOUNG 222 FIFTH AVE SOUTH NASHVILLE TN 37203 41838507 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 11 441 162 12250856 145065 5411074 10400872 13928445 16710591 4095860 87542 3922622 11521482 27358001 38720487 0 0 0 0 7871013 10405239 0 0 827206 10662151 16179979 18533164 26585218 8824837 12135269 88399270 108656424 41023953 48375709 47375317 60280715 X TO IDENTIFY AND PRESERVE THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. 0 0 23050886 15338486 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. IN 2014, THE COUNTRY MUSIC HALL OF FAME AND MUSEUM FULLY OPENED ITS 210,000-SQUARE-FOOT EXPANSION, DOUBLING THE SIZE OF ITS ICONIC HOME WITH NEW FACILITIES TO ACCOMMODATE THE PRESERVATION OF ITS 2.5 MILLION ARTIFACT COLLECTION, GROWING EXHIBITION SCHEDULE, AND ENHANCED EDUCATIONAL PROGRAMMING, AS WELL AS ITS BURGEONING RETAIL AND EVENT OPERATIONS. AS A RESULT, THE MUSEUM SERVED A RECORD 970,991 VISITORS.COUNTRY MUSIC HALL OF FAME AND MUSEUM'S 2014 ACCOMPLISHMENTS: * COMPLETED ITS 210,000-SQUARE-FOOT EXPANSION, INCREASING THE BUILDING TO 350,000 SQUARE FEET. * WELCOMED 970,991 VISITORS, A 45% INCREASE IN VISITS OVER 2013. * PRESENTED 684 EDUCATIONAL PROGRAMS, A 29% INCREASE OVER 2013, AND ENGAGED 159,788 GUESTS IN HANDS-ON ACTIVITIES OFFERED IN THE TAYLOR SWIFT EDUCATION CENTER, HISTORIC RCA STUDIO B, AND HATCH SHOW PRINT. * CURATED 15 EXHIBITIONS, FEATURING ARTISTS SUCH AS DEFORD BAILEY, REBA MCENTIRE, MERLE HAGGARD, ALAN JACKSON, MIRANDA LAMBERT, KENNY ROGERS, PORTER WAGNER, AND MORE. * HOSTED OVER 900 EVENTS, INCLUDING JIMMY KIMMEL LIVE, AN AMERICAN IDOL INTERVIEW WITH KEITH URBAN, AND THE NATIONAL GOVERNORS ASSOCIATION ANNUAL MEETING, HOSTED BY THE HONORABLE BILL HASLAM. * COUNTED MORE THAN 3.7 MILLION WEBSITE PAGE VIEWS, 118,000 FACEBOOK FANS, AND 100,000-PLUS TWITTER FOLLOWERS. * EARNED PLACEMENTS IN 8,667 NEWS STORIES WITH A TOTAL AUDIENCE/CIRCULATION OF 343,679,112, INCLUDING KEY COVERAGE BY GOOD MORNING AMERICA, USA TODAY, CNN, FORBES, THE NEW YORK TIMES, AND MANY OTHER PRESTIGIOUS MEDIA OUTLETS. 23050886 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 0 0 0 0 1 237 0 1 441 1 1 1 0 0 0 0 1 1 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 TN NY 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 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 2.00 X 0 0 0 AL GIOMBETTI EXECUTIVE VICE PRESIDENT 1.00 X 0 0 0 EARL BENTZ VICE PRESIDENT 1.00 X 0 0 0 MIKE DUNGAN VICE PRESIDENT 1.00 X 0 0 0 RANDY GOODMAN VICE PRESIDENT 0.50 X 0 0 0 LON HELTON VICE PRESIDENT 0.50 X 0 0 0 HENRY JUSZKIEWICZ VICE PRESIDENT 0.50 X 0 0 0 DONNA NICELY VICE PRESIDENT 1.00 X 0 0 0 GARY OVERTON VICE PRESIDENT 0.50 X 0 0 0 DAVID ROSS VICE PRESIDENT 1.00 X 0 0 0 ROBERT ROWLING JR VICE PRESIDENT 1.00 X 0 0 0 JIM SEABURY VICE PRESIDENT 1.00 X 0 0 0 CLARENCE SPALDING VICE PRESIDENT 1.00 X 0 0 0 TROY TOMLINSON VICE PRESIDENT 1.00 X 0 0 0 TIM WIPPERMAN VICE PRESIDENT 0.50 X 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 55.00 X 410963 0 36816 NINA BURGHARD VP FINANCIAL SERVICES 50.00 X 165106 0 31871 SHARON BRAWNER VP MARKETING 50.00 X 152466 0 20077 CAROLYN TATE SENIOR VP MUSEUM SERVICES 50.00 X 121101 0 18006 849636 0 106770 4 0 1 0 TWELVE TWENTY EXHIBITS 3801 VULCAN DR NASHVILLE TN 37211 EXHIBIT SERVICES 900018 MUSIC CITY TENTS 5901 CALIFORNIA AVE NASHVILLE TN 37209 TENT RENTAL 746768 GUARDSMARK PO BOX 11407 BIRMINGHAM AL 35246 SECURITY SERVICE 601497 PROLMAGE COMMERCIAL CLEANING SERVICES 15115 OLD HICKORY BLVD STE B NASHVILLE TN 37211 HOUSEKEEPING SERVICES 498827 TSC MARKETING 1030 18TH AVE S NASHVILLE TN 37212 MARKETING SERVICES 367810 20 51133 3707455 6642284 3112980 10400872 ADMISSION FEES 900099 12436700 12436700 EVENT REVENUE 900099 4273891 712 4273179 16710591 123113 123113 54215 54215 730270 20000 769114 16727 -38844 3273 -35571 -35571 864524 51133 188466 676058 676058 5444296 2143713 3300583 1904818 1395765 RESTARAUNT AND CATERING REVENUE 722100 7198192 616280 6581912 OTHER REVENUES 900099 292434 292434 7490626 38720487 15338486 12250856 730273 906354 695112 151730 59512 7976661 6695344 929949 351368 92545 70975 15493 6077 801941 615034 134251 52656 627738 481432 105088 41218 104103 90924 11264 1915 24500 21398 2651 451 458015 400012 49572 8431 1929037 1681773 211323 35941 339669 296667 36752 6250 211370 184611 22870 3889 2134680 1864345 231040 39295 22048 16909 3691 1448 7096 6198 768 130 1430766 1249575 154854 26337 3981456 3477246 430920 73290 UBI TAX PAID 7026 7026 COST OF RESTAURANT / CA 1961072 1961072 EVENT SUBCONTRACTORS 1012503 1012503 MISCELLANEOUS EXPENSE 598661 528959 58547 11155 1957977 1700797 149337 107843 26585218 23050886 2707126 827206 2838153 10115173 4249010 1196559 12978883 10386267 686806 859356 829065 921152 91745 60878 104303815 22945205 62889901 81358610 3406713 3408178 428994 350251 88399270 108656424 5139888 2182616 455876 707398 20522189 19535000 14906000 9454166 0 16496529 41023953 48375709 X 31639994 46560451 13534823 11519764 2200500 2200500 47375317 60280715 88399270 108656424 X 12135269 240532 529597 X X 0 1 X 1 0 X 1749231 1831901 1683469 2043811 2053472 9361884 1749231 1831901 1683469 2043811 2053472 9361884 837713 8524171 208212 226993 205751 180960 177328 999244 60723 127757 14950 115571 145065 464066 703122 703122 11528316 46669026 0.73940 0.77620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2745043 302825 68260 2979608 2217173 200000 393744 65874 2745043 1825069 200000 248069 55965 2217173 1831471 0 49816 56218 1825069 1601787 200000 89684 60000 1831471 0.74000 0.26000 0 0 3926300 3926300 80264946 19646341 60618605 6639721 2752322 3887399 13472848 546542 12926306 81358610 CAPITAL LEASE OBLIGATION 16496529 16496529 X 41490044 240532 196846 437378 41052666 -2332179 -2332179 38720487 28584646 196846 1802582 1999428 26585218 0 26585218 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 2014 IS $76,406 AND FOR THE YEAR 2013 IS $66,395. 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 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -188,466. COST OF GOODS SOLD - MUSEUM STORE AND OTHERS -2,143,713. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 188,466. COST OF GOODS SOLD - MUSEUM STORE AND OTHERS 2,143,713. CHANGE IN VALUE OF INTEREST RATE SWAP -529,597. ALL FOR THE HALL -LA 192792 17909 174883 23500 38390 52433 ALL FOR THE HALL-KEITH 664059 33224 630835 14918 59225 1 58806 58806 915657 51133 864524 23500 53308 111658 188466 676058 1 X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 395364 0 15599 0 0 0 23000 0 13816 0 447779 0 0 0 NINA BURGHARD VP FINANCIAL SERVICES 158529 0 6577 0 0 0 14413 0 17458 0 196977 0 0 0 SHARON BRAWNER VP MARKETING 146312 0 6154 0 0 0 3152 0 16925 0 172543 0 0 0 CAROLYN TATE SENIOR VP MUSEUM SERVICES 116486 0 4615 0 0 0 9487 0 8519 0 139107 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 3500000 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 X 1 3097400 FAIR MARKET VALUE X FOOD AND MISC EQUIP 4 15579 FAIR MARKET VALUE 0 1 1 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 529,597. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0