2025-11-12T14:46:26-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990 2024-01-01 620753887 COUNTRY MUSIC FOUNDATION INC COUN 6154162043 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 NINA BURGHARD EXEC VP OF FINANCES/OPERATIONS 6154162043 2025-11-12 1 1 FRANCES E LEAHY P00713593 6152427351 2025-11-10 2024 2025-03-06 01:10:19Z COUNTRY MUSIC HALL OF FAME AND MUSEU KYLE YOUNG 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 78784316 0 X WWW.COUNTRYMUSICHALLOFFAME.ORG X 1964 TN IDENTIFY & PRESERVE THE EVOLVING HISTORY & TRADITIONS OF COUNTRY MUSIC & TO EDUCATE ITS AUDIENCES. 10 9 506 132 18052777 2021444 3935579 15776540 44786510 48217928 2116001 2806266 6305890 6533651 57143980 73334385 0 0 0 0 20461412 22802394 0 0 2001146 22634036 35366448 43095448 58168842 14048532 15165543 152048376 175831153 23696959 28829953 128351417 147001200 X 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 FAMILIES, STUDENTS, SCHOLARS, MEMBERS OF THE MUSIC INDUSTRY, AND THE GENERAL PUBLIC, IN THE NASHVILLE AREA, THE NATION, AND THE WORLD. 0 0 52740970 36657814 FOUNDED IN 1967, THE COUNTRY MUSIC FOUNDATION, INC. ("CMF"), WHICH DOES BUSINESS AS THE COUNTRY MUSIC HALL OF FAME AND MUSEUM (THE "MUSEUM"), IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION THAT PRESERVES AND INTERPRETS THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC. FUNCTIONING AS A NATIONAL HISTORY MUSEUM AND AS AN INTERNATIONAL ARTS ORGANIZATION WITH OVER 1.4 MILLION ANNUAL VISITORS IN A TYPICAL YEAR, THE MUSEUM SAFEGUARDS A DIVERSE ARTIFACT AND ARCHIVAL COLLECTION COMPRISED OF MOVING IMAGES ON FILM; VIDEO AND DIGITAL FORMATS; PHOTOGRAPHS; SOUND RECORDINGS; ORAL HISTORY INTERVIEWS; STAGE COSTUMES; MUSICAL INSTRUMENTS; POSTERS; PRINTED MATERIALS; OBJECTS ILLUSTRATING THE LIVES AND CAREERS OF MUSICIANS, INDUSTRY FIGURES AND THE CULTURE OF COUNTRY MUSIC. THROUGH 19 EXHIBITS CURATED AND PRESENTED, THE MUSEUM INTERPRETS ITS COLLECTION WITH SUPPORT OF THE MORE THAN 2,000 ON-SITE AND VIRTUAL EDUCATIONAL PROGRAMS IN 2024. 52740970 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 1 282 0 1 506 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 TN X NINA BURGHARD 6154162043 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 JODY WILLIAMS BOARD CHAIR 8.00 X X 0 0 0 AL GIOMBETTI EXECUTIVE VICE PRESIDENT 2.00 X X 0 0 0 DAVID ROSS SECRETARY 2.00 X X 0 0 0 ERNEST WILLIAMS III TREASURER 2.00 X X 0 0 0 MARK BLOOM TRUSTEE 1.00 X 0 0 0 DAVID CONRAD TRUSTEE 1.00 X 0 0 0 J WILLIAM DENNY TRUSTEE 1.00 X 0 0 0 ROD ESSIG TRUSTEE 1.00 X 0 0 0 KEN LEVITAN TRUSTEE 1.00 X 0 0 0 MARY ANN MCCREADY TRUSTEE 1.00 X 0 0 0 KYLE YOUNG CEO 40.00 X 881776 0 13184 NINA BURGHARD EXEC VP FINANCES & OPERATI 40.00 X 356377 0 13965 LISA DAVIS EXEC VP EXTERNAL AFFAIRS 40.00 X 265297 0 8723 MARK DE LELYS VP REVENUE 40.00 X 229066 0 10778 JOHNNY CUNNINGHAM SR DIR OF INFORMATION & TECHNOLOGY 40.00 X 208433 0 6353 BEN HALL VP DEVELOPMENT 40.00 X 156879 0 8564 WARREN DENNY VP CREATIVE 40.00 X 153873 0 7413 BRAD HENTON SR DIR CULINARY, EVENTS AND MUSEUM SALES 40.00 X 141059 0 5151 JEREMY RUSH SR DIR PUBLIC RELATIONS 40.00 X 134043 0 6255 2526803 0 80386 10 0 1 0 CARTER GROUP LLC 517 HAGAN ST SUITE 201 NASHVILLE TN 37203 CONSTRUCTION 1712127 EVENT WORKS-HOFG 5901 CALIFORNIA AVE SUITE 218 NASHVILLE TN 37209 RENTALS AND SETUP SERVICE 1158560 UNITED DATA TECHNOLOGIES 2900 MONARCH LAKES BLVD MIRAMAR FL 33027 IT EQUIP AND SUPPORT 967568 PLEASE BE SEATED 7119 CENTENNIAL BLVD NASHVILLE TN 37209 RENTALS AND SETUP SERVICE 752800 WALDEN SECURITY PO BOX 88134 CHICAGO IL 60680 SECURITY SERVICES 751563 19 314446 996613 14465481 160157 15776540 ADMISSION FEES 900099 25983185 25983185 RESTAURANT AND CATERING REVENUE 722100 13861294 919559 12941735 EVENT REVENUE 900099 8373449 5158661 3214788 48217928 2807599 2807599 213802 213802 584 1917 0 -1917 584 -1333 -1333 49423 314446 222237 -172814 -172814 10970196 5225777 5744419 4137560 1606859 OTHER REVENUE 900099 748244 458849 289395 748244 73334385 36657814 18052777 2847254 1779165 854676 444792 479697 18333376 16231368 1371136 730872 209075 187124 13407 8544 1026075 875321 90187 60567 1454703 1236698 130803 87202 78694 72026 4772 1896 64672 64672 112260 112260 1466935 1306883 117333 42719 1763827 1571382 141080 51365 3095081 2892023 126931 76127 1363117 1247619 82657 32841 706 706 3342901 2978170 267382 97349 117566 107605 7129 2832 326104 290524 26083 9497 5006304 4460086 400429 145789 UNRELATED BUSINESS INCO 341750 341750 EXHIBIT, MUSEUM SERVICE 12052199 12052199 RESTAURANT, CATERING, A 5866366 5866366 GRANT AND OTHER FUNDRAI 181846 23389 158457 186120 145055 25673 15392 58168842 52740970 3426726 2001146 26910137 30775130 327492 8953993 1051708 160077 1784123 2613305 527372 464262 108971389 62728189 45114304 46243200 59336020 70051214 299532 340678 16697688 16229294 152048376 175831153 3788801 3221446 2308269 2901594 300000 5725000 17299889 16981913 23696959 28829953 X 123872167 133642112 4479250 13359088 128351417 147001200 152048376 175831153 15165543 3484240 0 X X 0 1 X 1 0 X 2626085 14409144 8464370 3935579 15776540 45211718 2626085 14409144 8464370 3935579 15776540 45211718 7286023 37925695 366991 94143 598951 2090610 3021401 6172096 48890 382443 531582 2021444 2984359 1229164 631135 516038 529591 458849 3364777 57732950 112175393 0.65690 0.76630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 59336020 7000000 4936474 1108846 112434 70051214 43249851 13000045 3509189 351826 71239 59336020 4846026 39018782 -400578 183352 31027 43249851 4015693 1025674 167241 28100 4846026 3734879 20000 451017 166901 23302 4015693 0.94376 0.03263 0.02362 1 0 3926300 3926300 72656931 39745328 32911603 17042850 12387112 4655738 15345308 10595749 4749559 46243200 RIGHT-OF-USE ASSETS 16229294 16229294 FINANCE LEASE LIABILITY 16643933 OPERATING LEASE LIABILITIES 337980 16981913 X 82267035 3484240 112656 3596896 78670139 112260 -5448014 -5335754 73334385 63617252 112656 112656 63504596 112260 -5448014 -5335754 58168842 PART III, LINE 1A: THE FOUNDATION'S COLLECTIONS ARE MADE UP OF REFERENCE AND ARCHIVAL MATERIALS AND THREE-DIMENSIONAL OBJECTS. THE ARCHIVAL AND REFERENCE MATERIALS INCLUDE COMMERCIAL AND NON-COMMERCIAL AUDIO AND VIDEO RECORDINGS, FILMS, PHOTOGRAPHS, POSTERS, DOCUMENTS, BOOKS, AND PERIODICALS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. IN ADDITION, THE MUSEUM RECORDS AND PRESERVES ITS OWN PROGRAMMING, INCLUDING PODCASTS, INTERVIEWS, AND PERFORMANCES. THE OBJECT COLLECTION COMPRISES INSTRUMENTS, STAGE WEAR, PERSONAL AND PROMOTIONAL OBJECTS RELATED TO THE MUSIC AND CAREERS OF COUNTRY MUSIC PERFORMERS, SONGWRITERS, AND INDUSTRY PROFESSIONALS. 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 (GENERALLY ACCEPTED ACCOUNTING PRINCIPLES), 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. DURING 2024, THE MUSEUM ACQUIRED A SIGNIFICANT COLLECTION OF ARTIFACTS, INSTRUMENTS, ORIGINAL MANUSCRIPTS, PHOTOGRAPHS, CLOTHING, AND OTHER TANGIBLE ITEMS DIRECTLY RELATED TO THE TRADITION AND HISTORY OF COUNTRY, AMERICAN, ROCK AND ROOTS MUSIC. THIS HAS BEEN UNDERWRITTEN BY THE GENEROSITY AND LEADERSHIP GIFTS OF ANONYMOUS AND NON-ANONYMOUS DONORS. THIS COLLECTION WILL BE HELD IN THE PUBLIC TRUST FOR ALL TIME, RECEIVING THE HIGHEST LEVEL OF CARE AND MANAGEMENT AND BEING MADE ACCESSIBLE TO GENERATIONS OF LEARNERS FROM ALL OVER THE WORLD. THE ESTIMATED FAIR VALUE OF THE ARTIFACTS DONATED, OR ACQUIRED AND UNDERWRITTEN BY DONORS IN 2024 IS $16,603,000 ($1,796,000 IN 2023). PART III, LINE 4: THE FOUNDATION'S COLLECTIONS ARE MADE UP OF REFERENCE AND ARCHIVAL MATERIALS AND THREE-DIMENSIONAL OBJECTS. THE ARCHIVAL AND REFERENCE MATERIALS INCLUDE COMMERCIAL AUDIO AND VIDEO RECORDINGS, FILMS, PHOTOGRAPHS, POSTERS, DOCUMENTS, BOOKS, AND PERIODICALS THAT ARE HELD FOR EDUCATIONAL AND CURATORIAL PURPOSES. IN ADDITION, THE MUSEUM RECORDS AND PRESERVES ITS OWN PROGRAMMING, INCLUDING PODCASTS, INTERVIEWS, AND PERFORMANCES. THE OBJECT COLLECTION COMPRISES INSTRUMENTS, STAGE WEAR, PERSONAL AND PROMOTIONAL OBJECTS RELATED TO THE MUSIC AND CAREERS OF COUNTRY MUSIC PERFORMERS, SONGWRITERS, AND INDUSTRY PROFESSIONALS. THESE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. THESE ITEMS FURTHER THE FOUNDATION'S MISSION OF IDENTIFYING AND PRESERVING THE EVOLVING HISTORY AND TRADITIONS OF COUNTRY MUSIC AND TO EDUCATE ITS AUDIENCES. PART V, LINE 4: THE ORGANIZATION 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. THE ENDOWMENT FUNDS ARE FUNDS THAT GROW IN VALUE AND PROVIDE A SOURCE OF INCOME PRIMARILY FOR THE SUPPORT OF OPERATING COSTS. 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: COST OF GOOD SOLD RECLASS -5,225,777. DIRECT SPECIAL EVENT EXPENSES -222,237. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASS -5,225,777. DIRECT SPECIAL EVENT EXPENSES -222,237. ALL FOR THE HALL DALLAS 363869 314446 49423 31837 127105 63295 363869 314446 49423 31837 127105 63295 222237 -172814 X X 0 0 0 0 0 0 0 0 0 KYLE YOUNG CEO 848701 0 33075 0 0 0 10350 0 2834 0 894960 0 0 0 NINA BURGHARD EXEC VP FINANCES & OPERATI 342839 0 13538 0 0 0 9944 0 4021 0 370342 0 0 0 LISA DAVIS EXEC VP EXTERNAL AFFAIRS 254937 0 10360 0 0 0 6716 0 2007 0 274020 0 0 0 MARK DE LELYS VP REVENUE 220447 0 8619 0 0 0 6679 0 4099 0 239844 0 0 0 JOHNNY CUNNINGHAM SR DIR OF INFORMATION & TECHNOLOGY 200664 0 7769 0 0 0 6020 0 333 0 214786 0 0 0 BEN HALL VP DEVELOPMENT 150917 0 5962 0 0 0 4555 0 4009 0 165443 0 0 0 WARREN DENNY VP CREATIVE 148006 0 5867 0 0 0 4579 0 2834 0 161286 0 0 0 ERNIE WILLIAMS BOARD MEMBER AND MEMBER OF ENDOWMENT INVESTMENT MANAGER 72690 CMF'S ENDOWMENT IS MANAGED BY THE INVESTMENT MANAGER OF WHICH MR. WILLIAMS IS A PART OWNER. TRANSACTION AMOUNT IS MANAGEMENT FEES PAID TO THE INVESTMENT MANAGER 0 X 1 47258 SELLING PRICE X 67 0 X 9 22631 REPLACEMENT COSTS X EQUIPMENT 2 96690 SELLING PRICE X OTHER 2 43500 SELLING PRICE 0 1 0 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 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 NET ASSETS WITH DONOR RESTRICTIONS 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. SCHEDULE M, PART I, COLUMN (B): PART 1, COLUMN (B) REPRESENTS AN ESTIMATE OF THE NUMBER OF CONTRIBUTORS, EXCEPT FOR COLLECTIBLES WHICH ARE THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 ERNEST WILLIAMS III, DIRECTOR, AND KYLE YOUNG, CEO, HAVE A BUSINESS 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 11B THE ORGANIZATION DOES NOT PROVIDE A COPY OF ITS FORM 990 TO THE ENTIRE GOVERNING BOARD PRIOR TO FILING. HOWEVER THE EXECUTIVE VP OF FINANCES 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 PERIODICALLY AND SIGN A STATEMENT DISCLOSING ANY CONFLICTS OF INTEREST. IF IT IS DETERMINED 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 THAT ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE MEETS AND REVIEWS ANNUALLY THE CEO COMPENSATION FOR MARKET AND/OR SIMILAR ORGANIZATIONS. FOR OTHER KEY EMPLOYEES, INCLUDING MEMBERS OF THE SENIOR STAFF TEAM, MANAGEMENT COMPARES PUBLISHED DATA FROM OTHER NONPROFITS AND/OR CONSULTS WITH HUMAN RESOURCE CONSULTANTS REGARDING MARKET SALARY RANGES. THE EXECUTIVE COMMITTEE ALSO REVIEWS SENIOR STAFF SALARIES PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HALL OF FAME GRILL AND CATERING LLC 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 270146678 OPERATION OF RESTAURANT IN MUSEUM/CATERING EVENTS AND VENUE RENTALS TN 13861444 1049471 COUNTRY MUSIC FOUNDATION HALL OF FAME SONGS LLC 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 MUSIC PUBLISHING TN 0 1000 COUNTRY MUSIC FOUNDATION FOOD ON FIFTH LLC 222 REP JOHN LEWIS WAY S NASHVILLE TN 37203 472394270 OPERATION OF RESTAURANT IN MUSEUM TN LGW LLC UNRELATED 50996 384932 0 0 0.40000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 FOOD ON FIFTH LLC F 60000 REPORTED DISTRIBUTION FROM K-1