Country Music Foundation Inc
91% goes to programs $13 to raise $100 Strong reserves Growing revenue
Country Music Foundation Inc is a 501(c)(3) organization based in Nashville, Tennessee, registered in 1964, with $73,334,385 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
222 Rep John Lewis Way S, Nashville, TN, 37203 EIN 62-0753887 Since 1964
Revenue (FY2024)
$73.3M
▲ 28.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$58.2M
Net assets
$147.0M
Employees
506
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating91% to programs · $13 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Country Music Foundation Inc: 91% to programs · $13 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating30 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Country Music Foundation Inc: 30 mo reserves · +21% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Country Music Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Country Music Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Identify & preserve the evolving history & traditions of country music & to educate its audiences.
Contact & location
- Address
- 222 Rep John Lewis Way S, Nashville, TN, 37203
- City
- Nashville
- State
- Tennessee
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $27.4M (FY2013) to $73.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $28.8MNet assets $147.0M
Operating margin
20.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.8M
Total liabilities
$28.8M
Net assets
$147.0M
Salaries & benefits
$22.8M
39% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,334,385▲28.3% | $58,168,842▲35.0% | $147,001,200▲14.5% | $175,831,153▲15.6% | 990 |
| 2023 | $57,143,980▲2.0% | $43,095,448▲8.5% | $128,351,417▲14.9% | $152,048,376▲12.9% | 990 |
| 2022 | $56,037,888▲32.7% | $39,718,258▲42.3% | $111,743,398▲19.7% | $134,685,329▲14.5% | 990 |
| 2021 | $42,243,182▲198% | $27,909,791▲6.0% | $93,351,201▲19.6% | $117,612,886▲13.6% | 990 |
| 2020 | $14,152,198▼67.5% | $26,338,119▼29.4% | $78,069,417▼13.2% | $103,507,163▼7.3% | 990 |
| 2019 | $43,518,974▲6.8% | $37,318,076▲4.5% | $89,894,180▲8.3% | $111,642,890▲6.1% | 990 |
| 2018 | $40,736,347▲9.7% | $35,727,545▲12.6% | $82,978,546▲6.2% | $105,260,475▲4.7% | 990 |
| 2017 | $37,129,987 | $31,719,231▲5.1% | $78,150,093▲8.0% | $100,520,969▲1.8% | 990 |
| 2016 | $37,147,491▲9.1% | $30,182,660▲3.4% | $72,345,645▲11.0% | $98,746,472▼2.8% | 990 |
| 2015 | $34,053,530▼12.1% | $29,191,436▲9.8% | $65,195,609▲8.2% | $101,597,979▼6.5% | 990 |
| 2014 | $38,720,487▲41.5% | $26,585,218▲43.4% | $60,280,715▲27.2% | $108,656,424▲22.9% | 990 |
| 2013 | $27,358,001 | $18,533,164▲23.9% | $47,375,317▲25.6% | $88,399,270▲41.7% | 990 |
| 2012 | — | $14,953,066▲8.4% | $37,709,331▲34.7% | $62,384,649▲20.8% | 990 |
| 2011 | — | $13,788,039▲4.1% | $27,992,518▲118% | $51,632,672▲38.6% | 990 |
| 2010 | — | $13,250,751 | $12,864,264 | $37,261,452 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kyle Young — $881,776 (1.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kyle Young | Ceo | 40 | $881,776 |
| Nina Burghard | Exec Vp Finances & Operati | 40 | $356,377 |
| Lisa Davis | Exec Vp External Affairs | 40 | $265,297 |
| Mark De Lelys | Vp Revenue | 40 | $229,066 |
| Johnny Cunningham | Sr Dir of Information & Technology | 40 | $208,433 |
| Ben Hall | Vp Development | 40 | $156,879 |
| Warren Denny | Vp Creative | 40 | $153,873 |
| Brad Henton | Sr Dir Culinary, Events and Museum Sales | 40 | $141,059 |
| Jeremy Rush | Sr Dir Public Relations | 40 | $134,043 |
| Al Giombetti | Executive Vice President | 2 | — |
| David Conrad | Trustee | 1 | — |
| David Ross | Secretary | 2 | — |
| Ernest Williams III | Treasurer | 2 | — |
| Jody Williams | Board Chair | 8 | — |
| J William Denny | Trustee | 1 | — |
| Ken Levitan | Trustee | 1 | — |
| Mark Bloom | Trustee | 1 | — |
| Mary Ann Mccready | Trustee | 1 | — |
| Rod Essig | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Carter Group LLC | Construction | $1,712,127 |
| Event Works-hofg | Rentals and Setup Service | $1,158,560 |
| United Data Technologies | It Equip and Support | $967,568 |
| Please Be Seated | Rentals and Setup Service | $752,800 |
| Walden Security | Security Services | $751,563 |
Grants received · $7.8M total
103 grants to Country Music Foundation Inc totaling $7.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Country Music Association Inc | Hall of fame medallion ceremony donation | 2024 | $130,000 |
| The Community Fdn of Middle Tn Inc | Donation | 2024 | $127,572 |
| American Endowment Foundation | Arts, culture | 2024 | $30,000 |
| The Community Fdn of Middle Tn Inc | For general support | 2024 | $20,000 |
| The Community Fdn of Middle Tn Inc | Attn: lisa purcell, from greg oswald charitable fund. | 2024 | $10,000 |
| National Christian Charitable Foundation | Arts and humanities | 2024 | $7,000 |
| The Community Fdn of Middle Tn Inc | For the words and music program in loving memory of mac davis on his birthday (january 21) from lise davis and mac davis' children and grandchildren | 2024 | $5,000 |
| The Community Fdn of Middle Tn Inc | Annual gifting | 2024 | $5,000 |
| Country Music Association Inc | Hof medallion ceremony donation | 2023 | $130,000 |
| The Community Fdn of Middle Tn Inc | For archival activities | 2023 | $127,874 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $45,915 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $15,300 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $13,023 |
| American Endowment Foundation | Arts, culture | 2023 | $10,000 |
| The Community Fdn of Middle Tn Inc | Designated for words and music program | 2023 | $7,500 |
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Compare Country Music Foundation Inc
Frequently asked questions
- Is Country Music Foundation Inc a legitimate nonprofit?
- Yes. Country Music Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0753887, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Country Music Foundation Inc's EIN?
- Country Music Foundation Inc's Employer Identification Number (EIN) is 62-0753887.
- How much revenue does Country Music Foundation Inc report?
- Country Music Foundation Inc reported $73,334,385 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Country Music Foundation Inc's spending goes to programs?
- Country Music Foundation Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Country Music Foundation Inc have?
- CharityIndex grades Country Music Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Country Music Foundation Inc's highest-paid employee make?
- The highest reported compensation on Country Music Foundation Inc's latest Form 990 is $881,776, paid to Kyle Young (Ceo).
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Data for Country Music Foundation Inc (EIN 62-0753887) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.