2012-10-03T17:04:55-05:00 2011-12-31 621736974 DEMPSEY VANTREASE & FOLLIS PLLC 630 S CHURCH ST STE 300 MURFREESBORO TN 37130 990 2011-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 NINA HAMMONTREE 6154162043 2012-09-25 1 MARK E FOLLIS CPA P01283359 6158936666 2012-09-25 X 2011 2016-02-24 21:20:13Z COUNTRY MUSIC HALL OF FAME AND MUSEUM KYLE YOUNG 222 FIFTH AVE SOUTH NASHVILLE TN 37203 32081126 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. 13 13 251 213 3365751 46100 8851518 16682433 7151400 9327584 122827 88985 3446621 2893035 19572366 28992037 0 0 0 0 5757568 6161469 0 0 792008 7493183 7626570 13250751 13788039 6321615 15203998 37261452 51632672 24397188 23640154 12864264 27992518 TO IDENTIFY AND PRESERVE THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. 0 0 10749378 7700207 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. 10749378 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 0 1 147 0 251 1 1 1 0 0 0 0 1 1 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 TN X MS NINA HAMMONTREE 6154162043 222 FIFTH AVE SOUTH NASHVILLE TN 37203 DAVID CONRAD 1.00 X 0 0 0 RANDY GOODMAN 1.00 X 0 0 0 JOHN GRADY 2.00 X 0 0 0 KEEL HUNT 2.00 X X 0 0 0 HENRY JUSZKIEWICZ 0.50 X 0 0 0 STEVE TURNER 3.00 X X 0 0 0 ERNIE WILLIAMS 2.00 X X 0 0 0 TIM WIPPERMAN 0.50 X X 0 0 0 ROD ESSIG 1.00 X 0 0 0 KEN LEVITAN 2.00 X 0 0 0 MARY ANN MCCREADY 1.00 X 0 0 0 JODY WILLIAMS 1.00 X 0 0 0 J WILLIAM DENNY 0.50 X 0 0 0 VINCE GILL 2.00 X 0 0 0 EARL BENTZ 1.00 X 0 0 0 CONNIE BRADLEY 0.50 X 0 0 0 MIKE DUNGAN 1.00 X 0 0 0 AL GIOMBETTI 1.00 X 0 0 0 FRANCIS GUESS 0.50 X 0 0 0 LON HELTON 0.50 X 0 0 0 DON LIGHT 0.50 X 0 0 0 DAVID ROSS 1.00 X 0 0 0 TROY TOMLINSON 1.00 X 0 0 0 BRIAN OCONNELL 0.50 X 0 0 0 KYLE YOUNG 55.00 X 279468 0 15005 NINA HAMMONTREE 45.00 X 141580 0 12580 JOHN SEIGENTHALER 0.50 X 0 0 0 DONNA NICELY 1.00 X 0 0 0 MARK BLOOM 1.00 X 0 0 0 TONY BROWN 1.00 X 0 0 0 MIKE HELTON 1.00 X 0 0 0 CLARENCE SPALDING 1.00 X 0 0 0 LIZ THIELS 45.00 X 117501 0 9257 SHARON BURNS 45.00 X 116637 0 6342 PAMELA JOHNSON 45.00 X 131997 0 8499 787183 0 51683 5 0 1 0 GUARDSMARK PO BOX 11407 BIRMINGHAM AL 35246 SECURITY SERVICE 243794 SILVER LINING MEDIA 1405 CALLOWAY CT NASHVILLE TN 37221 ADVERTISING SERVICES 195214 PROIMAGE COMMERCIAL CLEANING SERVICES 15115 OLD HICKORY BLVD NASHVILLE TN 37211 JANITORIAL SERVICE 188969 CBS OUTDOOR PO BOX 33074 NEWARK NJ 07188 ADVERTISING SERVICES 181930 LBMC 5250 VIRGINIA WAY BRENTWOOD TN 37024 TECHNOLOGY SUPPORT 112838 6 304939 255744 212900 15908850 979194 16682433 ADMISSION FEES 900099 6061767 6061767 EVENT INCOME 900099 3265817 3265817 9327584 116940 116940 110053 110053 1737084 1765039 -27955 -27955 -27955 121475 255744 130610 -9135 -9135 3235795 1193440 2042355 1380013 662342 RESTAURANT IN MUSEUM 722210 463380 99934 363446 OTHER INCOME 900099 151952 151952 INSURANCE PROCEEDS FRO 900099 134430 134430 749762 28992037 7700207 4028093 581304 448331 192731 181319 74281 4789174 3839956 670013 279205 66645 50695 11248 4702 439140 319394 87011 32735 418179 303810 85818 28551 55519 43106 11681 732 22950 22950 20364 20364 422844 330668 70182 21994 1021797 799573 209119 13105 235271 185529 46809 2933 139049 107961 29255 1833 1883780 1475288 384402 24090 79010 56053 16214 6743 13847 9823 2842 1182 45469 35303 9566 600 1481328 1150139 311658 19531 19866 15424 4180 262 EVENT SUBCONTRACTORS/RE 681542 681542 RESTAURANT/CATERING FOO 538582 538582 OTHER FUNDRAISING EXPEN 262011 262011 CREDIT CARD FEES 209130 209130 494211 404671 72022 17518 13788039 10749378 2246653 792008 379018 499832 56588 319104 3823201 11567145 683037 483404 541613 652713 22485 59862 45057313 15585367 29649617 29471946 1831471 8328457 274422 250209 37261452 51632672 3123818 2960450 211181 157515 20522189 20522189 540000 24397188 23640154 X 7182533 7517692 3481231 18274326 2200500 2200500 12864264 27992518 37261452 51632672 X 15203998 -75744 X X 0 1 1 X 0 X 1236139 2754176 1859888 1749231 1831901 9431335 1236139 2754176 1859888 1749231 1831901 9431335 1861304 7570031 127620 145499 195819 208212 226993 904143 10335478 39549703 0.73240 0.71600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 1831471 49816 56218 1825069 1601787 200000 89684 60000 1831471 1082797 410000 168990 60000 1601787 1358073 50000 -325276 1082797 0.10000 0.90000 0.00000 0 0 932700 932700 31500859 8047613 23453246 2627939 1517144 1110795 9995815 6020610 3975205 29471946 28992037 13788039 15203998 -25021 -50723 -75744 15128254 30444441 -25021 173739 1324050 1472768 28971673 20364 20364 28992037 15316187 173739 1374773 1548512 13767675 20364 20364 13788039 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 2011 WAS $258,580. 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011, THE FOUNDATION'S TAX RETURNS RELATED TO YEARS ENDED DECEMBER 31, 2008 THROUGH 2011 REMAIN OPEN TO EXAMINATION BY THE TAX AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -50,723. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,193,440. DIRECT COSTS OF SPECIAL FUND RAISING EVENT 130,610. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,193,440. DIRECT EXPENSES OF SPECIAL EVENT 130,610. CHANGE IN VALUE OF INTEREST RATE SWAP 50,723. COUNTRY MUSIC CONCERT 81401 60000 21401 8238 9280 DINNER AND AUCTION- LOS ANGELES 268218 168144 100074 30682 36337 46073 1 27600 27600 377219 255744 121475 30682 44575 55353 130610 -9135 1 X X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG 268745 0 10723 0 0 0 8063 0 6942 0 294473 0 0 0 NINA HAMMONTREE 136192 0 5388 0 0 0 4179 0 8401 0 154160 0 0 0 INDUSTRIAL DEVELOPMENT BOARD OF THE METRO GOVT OF NASHVILLEDAVIDSON COUNTY 521789764 2010-03-22 23035000 REFUNDING OF 1999 BOND ISSUE 0 0 0 2512811 23035000 2001 1 0 1 1 0 0 0 0 0 0 1 1 SUNTRUST BANK 5.000000000000 0 0 0 0 1 X 1 979194 QUOTED MARKET PRICES X 46 0 0 1 1 THIRD PARTY USE: 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. NON REPORTING OF REVENUE: 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 C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO GENERAL PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -25,021. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENT -50,723. TOTAL TO FORM 990, PART XI, LINE 5: -75,744. 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 2486582 323870 N/A