2014-11-11T15:52:07-06:00 2013-12-31 621736974 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 37130 990 2013-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 NINA HAMMONTREE VP OF FINANCIAL SERV/OPERATION 6154162043 2014-11-11 1 MARK E FOLLIS CPA P01283359 6158936666 2014-11-07 X 2013 2015-11-30 17:44:51Z COUNTRY MUSIC HALL OF FAME AND MUSEUM KYLE YOUNG 222 FIFTH AVE SOUTH NASHVILLE TN 37203 31688452 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. 12 12 308 148 5355419 114571 10925493 5411074 10048315 13928445 120284 4095860 2983788 3922622 24077880 27358001 0 0 0 0 6819211 7871013 0 0 783221 8133855 10662151 14953066 18533164 9124814 8824837 62384649 88399270 24675318 41023953 37709331 47375317 TO IDENTIFY AND PRESERVE THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. 0 0 14973905 11227672 THE MUSEUM PROVIDES AN AUTHENTIC, OBJECT-BASED LEARNING EXPERIENCE THAT EXAMINES THE HISTORY OF COUNTRY AND RELATED SOUTHERN VERNACULAR MUSIC. THE MUSEUM EXPERIENCE IS EXTENDED THROUGH A RANGE OF HIGH-QUALITY, FREE-CHOICE LEARNING OPPORTUNITIES INCLUDING INTERPRETIVE PROGRAMS SUCH AS: IMMERSION IN THE SOUNDS OF MUSIC THROUGH HISTORIC REISSUE RECORDINGS AND/OR LIVE PERFORMANCES; IN-DEPTH HISTORICAL AND/OR BIOGRAPHICAL STUDIES THROUGH BOOKS AND OTHER PUBLICATIONS; FILM AND TELEVISION SCREENINGS; ORAL HISTORIES; QUESTION AND ANSWER SESSIONS, PANEL DISCUSSIONS, AND LIVE INTERVIEWS; HANDS-ON ACTIVITIES FROM SONGWRITING TO INSTRUMENT DEMONSTRATIONS TO DANCE; PRINT AND BROADCAST AND INTERNET PRESENTATIONS; AND SCHOOL PROGRAMS THAT SUPPORT THE SOCIAL STUDIES, LANGUAGE ARTS AND MUSIC CURRICULUM. 14973905 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 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 1 204 0 308 1 1 1 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 TN X MS NINA HAMMONTREE 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 DAVID CONRAD TRUSTEE 1.00 X 0 0 0 JOHN GRADY TRUSTEE 2.00 X 0 0 0 KEEL HUNT SECRETARY 2.00 X X 0 0 0 HENRY JUSZKIEWICZ TRUSTEE 0.50 X 0 0 0 STEVE TURNER CHAIRMAN OF THE BOARD 8.00 X X 0 0 0 ERNIE WILLIAMS TREASURER 2.00 X X 0 0 0 ROD ESSIG TRUSTEE 1.00 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 J WILLIAM DENNY TRUSTEE 0.50 X 0 0 0 MARK BLOOM TRUSTEE 1.00 X 0 0 0 RANDY GOODMAN VICE PRESIDENT 0.50 X 0 0 0 TIM WIPPERMAN VICE PRESIDENT 0.50 X 0 0 0 VINCE GILL PRESIDENT 2.00 X 0 0 0 EARL BENTZ VICE PRESIDENT 1.00 X 0 0 0 CONNIE BRADLEY VICE PRESIDENT 0.50 X 0 0 0 MIKE DUNGAN VICE PRESIDENT 1.00 X 0 0 0 AL GIOMBETTI EXECUTIVE VICE PRESIDENT 1.00 X 0 0 0 FRANCIS GUESS VICE PRESIDENT 0.50 X 0 0 0 LON HELTON VICE PRESIDENT 0.50 X 0 0 0 DON LIGHT VICE PRESIDENT 0.50 X 0 0 0 DAVID ROSS VICE PRESIDENT 1.00 X 0 0 0 TROY TOMLINSON VICE PRESIDENT 1.00 X 0 0 0 GARY OVERTON VICE PRESIDENT 0.50 X 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 55.00 X 358851 0 17824 NINA HAMMONTREE VP FINANCIAL SERVICES 50.00 X 163627 0 12820 JOHN SEIGENTHALER VICE PRESIDENT 0.50 X 0 0 0 DONNA NICELY VICE PRESIDENT 1.00 X 0 0 0 JIM SEABURY VICE PRESIDENT 1.00 X 0 0 0 MIKE HELTON VICE PRESIDENT 1.00 X 0 0 0 CLARENCE SPALDING VICE PRESIDENT 1.00 X 0 0 0 CAROLYN TATE SENIOR VP MUSEUM SERVICES 50.00 X 113121 0 11637 SHARON BURNS VP MARKETING 50.00 X 141054 0 23582 PAMELA JOHNSON VP DEVELOPMENT 50.00 X 147372 0 12482 924025 0 78345 5 0 1 0 BRASFIELD AND GORRIE LLC 3021 7TH AVE S BIRMINGHAM AL 35233 CONSTRUCTION 25735650 TWELVE TWENTY EXHIBITS 3801 VULCAN DR NASHVILLE TN 37211 NEW EXHIBIT SERVICES 2238327 TUCK HINTON ARCHITECTS 410 ELM ST NASHVILLE TN 37203 ARCHITECT SERVICE 375738 GUARDSMARK PO BOX 11407 BIRMINGHAM AL 35246 SECURITY SERVICE 359089 LBMC 5250 VIRGINIA WAY BRENTWOOD TN 37024 TECHNOLOGY SUPPORT 342951 14 451261 175000 239116 4545697 1096750 5411074 ADMISSION FEES 900099 9477535 9477535 EVENT INCOME 900099 4450910 4450910 13928445 130650 130650 50310 50310 2322850 4305000 2327286 335354 -4436 3969646 3965210 3965210 703122 175000 179684 523438 523438 3939169 1488127 2451042 1623670 827372 RESTAURANT IN MUSEUM 722210 771365 77137 694228 OTHER INCOME 900099 126467 126467 897832 27358001 11227672 5355419 5363836 1001458 475309 316880 209269 5661275 4829567 599318 232390 67180 55844 8574 2762 629695 474998 105378 49319 511405 376594 91132 43679 105039 81552 22100 1387 23000 23000 17781 17781 614295 476938 129248 8109 966522 750408 203356 12758 253820 197066 53404 3350 540602 381048 103262 56292 2329284 1820102 478237 30945 82424 60697 14688 7039 9177 6758 1635 784 27529 21374 5792 363 2559799 1987489 538559 33751 17351 13471 3651 229 EVENT SUBCONTRACTORS/RE 916002 916002 RESTAURANT/CATERING FOO 757733 757733 CREDIT CARD FEES 318645 318645 INCOME TAXES 15000 15000 1108148 972310 45043 90795 18533164 14973905 2776038 783221 639494 2838153 1228855 4249010 16014213 12978883 239653 686806 729943 829065 84167 91745 82352492 19462591 32959329 62889901 10262999 3406713 225996 428994 62384649 88399270 3964272 5139888 188857 455876 20522189 20522189 14906000 24675318 41023953 X 7966148 31639994 27542683 13534823 2200500 2200500 37709331 47375317 62384649 88399270 X 8824837 293534 547615 X X 0 1 X 1 0 X 1859888 1749231 1831901 1683469 2043811 9168300 1859888 1749231 1831901 1683469 2043811 9168300 468066 8700234 195819 208212 226993 205751 180960 1017735 60723 127757 14950 115571 319001 703122 703122 11208158 45524664 0.77620 0.73400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 2217173 200000 393744 65874 2745043 1825069 200000 248069 55965 2217173 1831471 49816 56218 1825069 1601787 200000 89684 60000 1831471 1082797 410000 168990 60000 1601787 0.10000 0.80000 0.10000 0 0 828900 828900 63247422 9812450 53434972 5478920 2289671 3189249 12797250 7360470 5436780 62889901 X 29597483 293534 295918 1667811 2257263 27340220 17781 17781 27358001 19931497 295918 1120196 1416114 18515383 17781 17781 18533164 PART III, LINE 1A: IN ACCORDANCE WITH THE PROVISIONS OF SFAS 116, ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE, THE FOUNDATION DOES NOT CAPITALIZE DONATED OR PURCHASED ARTIFACTS OR RECOGNIZE THEM AS REVENUES OR GAINS. THAT STATEMENT 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; ARE 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 ARTIFACTS DONATED TO THE MUSEUM DURING 2012 WAS $1,143,753. PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS CONSISTS PRIMARILY OF DONATED ARTIFACTS RELATED TO THE HISTORY OF COUNTRY MUSIC WHICH ARE USED TO HELP EDUCATE THE PUBLIC AND PRESERVE THE HISTORY OF COUNTRY MUSIC. PART V, LINE 4: CURRENT LOAN COVENANTS REQUIRE THE ORGANIZATION TO MAINTAIN A CERTAIN LEVEL OF ENDOWMENT FUNDS. LONG TERM GOAL IS TO HAVE A PERMANENT ENDOWMENT LARGE ENOUGH TO GENERATE INCOME TO SUPPLEMENT OPERATIONS OF THE MUSEUM. PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTIES IN INCOME TAX LAW UNDER FINANCIAL ACCOUNTING STANDARDS BOARD(FASB) ACCOUNTING STANDARDS CODIFICATION 740-10. ASC 740-10 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. ASC 740-10 REQUIRES THAT THE TAX EFFECTS OF A POSITION BE RECOGNIZED ONLY IF IT IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED BY THE TAXING AUTHORITY AS OF THE REPORTING DATE. IF THE TAX POSITION IN NOT CONSIDERED "MORE LIKELY THAN NOT" BE BE SUSTAINED, THEN NO BENEFITS OF THE POSITION ARE TO BE RECOGNIZED. THE FOUNDATION HAS NO UNRECOGNIZED TAX BENEFITS FOR ANY OF THE PERIODS PRESENTED. TO THE EXTENT APPLICABLE IN THE FUTURE, INTEREST AND PENALTIES RELATED TO INCOME TAX LIABILITIES WILL BE INCLUDED IN PRE-TAX INCOME AS INTEREST EXPENSE AND TAX PENALTIES. AT DECEMBER 31, 2012, THE FOUNDATION'S TAX RETURNS RELATED TO YEARS ENDED DECEMBER 31, 2009 THROUGH 2012 REMAIN OPEN TO EXAMINATION BY THE TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,488,127. DIRECT EXPENSES OF SPECIAL EVENT 179,684. ROUNDING RECLASS OF OTHER SPECIAL EVENT COSTS PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,488,127. DIRECT EXPENSES OF SPECIAL EVENT 179,684. CHANGE IN THE VALUE OF INTEREST RATE SWAP -547,615. ROUNDING RECLASS OF OTHER SPECIAL EVENT COSTS DINNER AND PARTY 227290 175000 52290 12095 66215 28557 PARTY AND CONCERT 650832 650832 18309 54508 878122 175000 703122 12095 84524 83065 179684 523438 1 X X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG EXECUTIVE DIRECTOR 345286 0 13565 0 0 0 8793 0 9031 0 376675 0 0 0 NINA HAMMONTREE VP FINANCIAL SERVICES 156519 0 7108 0 0 0 4802 0 8018 0 176447 0 0 0 SHARON BURNS VP MARKETING 135500 0 5554 0 0 0 1425 0 22157 0 164636 0 0 0 PAMELA JOHNSON VP DEVELOPMENT 144538 0 2834 0 0 0 3493 0 8989 0 159854 0 0 0 A INDUSTRIAL DEVELOPMENT BOARD OF THE METRO GOVT OF NASHVILLEDAVIDSON COUNTY 521789764 2010-03-22 23035000 REFUNDING OF 1999 BOND ISSUE 0 0 0 A 2512811 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 1 1026750 QUOTED DAILY MARKET X 43 X AUDIO VIDEO E 1 70000 SALES PRICE OF NEW E 0 1 1 PART I, LINE 32B: ORGANIZATION WILL OCCASIONALLY RECEIVE GIFTS OF PUBLICLY TRADED STOCK. THE ORGANIZATION WILL NORMALLY DEPOSIT THOSE SHARES WITH A BROKERAGE SERVICE FOR THEM TO SELL AND CONVERT TO CASH FOR THE ORGANIZATION. PART I, LINE 33: DONATIONS OF ARTIFACTS ARE NOT RECORDED IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION UNDER FAS 116 HAS ELECTED NOT TO RECOGNIZE ITS COLLECTIONS IN ITS FINANCIAL STATEMENTS. 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 BODY PRIOR TO FILING, HOWEVER, THE FINANCE DIRECTOR REVIEWS A DRAFT OF THE 990 WITH THE BOARD CHAIR OF THE FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CMF REQUIRES EACH BOARD MEMBER TO REVIEW ITS ETHICS AND CONFLICTS OF INTEREST POLICY ANNUALLY AND SIGN A STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST. IF CMF DETERMINES 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 THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE MEETS AND REVIEWS COMPENSATION OF CEO FOR SIMILAR ORGANIZATIONS. FOR OTHER KEY EMPLOYEES MANAGEMENT LOOKS AT COMPARABLE PUBLISHED DATA FOR OTHER NON PROFITS 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 GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP AGREEMENT 547,615. PART IX, PAGE 12, LINE 2C THERE HAS BEEN NO CHANGE IN THE FINANCE COMMITTEE'S PROCESS RELATED TO OVERSIGHT OF THE AUDIT PROCESS DURING THE YEAR. HALL OF FAME GRILL AND CATERING LLC 222 5TH AVE SOUTH NASHVILLE TN 37203 270146678 OPERATION OF RESTAURANT IN MUSEUM/CATERING EVENTS VENUE RENTALS TN 2795752 437853 N/A