NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC (EIN 95-6052058)
- Tax period
- 2011-08-01 to 2012-07-31
- Filed
- 2013-06-14
- IRS object ID
- 201311669349300736
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-06-14T11:48:50-05:00 | Timestamp |
| Tax Period End Date | 2012-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 861065772 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte Tax LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 South Grand Ave | AddressLine1 |
| City | Los Angeles | City |
| State | CA | State |
| ZIP Code | 900713462 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 956052058 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | National Academy of Recording | BusinessNameLine1 |
| Business Name Line2 | Arts & Sciences Inc | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NATI | NameControl |
| Phone | 3103923777 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 Olympic Blvd | AddressLine1 |
| City | Santa Monica | City |
| State | CA | State |
| ZIP Code | 904045073 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NEIL PORTNOW | Name |
| Title | PRESIDENT/CEO | Title |
| Phone | 3103923777 | Phone |
| Date Signed | 2013-06-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Diana J McCutchen | Name |
| PTIN | P00545657 | PTIN |
| Phone | 2136880800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Recording Academy | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Neil Portnow | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 Olympic Blvd | AddressLine1 |
| City | Santa Monica | City |
| State | CA | State |
| ZIP Code | 904045073 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 81706178 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.grammy.com; www.grammy.org; www.grammy365.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | Our mission is to advance the arts and sciences of recording and to foster creative leadership for artistic, cultural, educational, and technical progress in the recording field. A primary activity of The Recording Academy is the recognition of outstanding creative and technical achievements in the recording arts of those deemed to be most worthy by their colleagues through the annual presentation of the GRAMMY Awards. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 41 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 41 | NbrIndependentVotingMembers |
| Total Nbr Employees | 149 | TotalNbrEmployees |
| Total Nbr Volunteers | 500 | TotalNbrVolunteers |
| Total Gross UBI | 71801 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1431235 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1596221 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 56620044 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 64201303 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 679213 | InvestmentIncomePriorYear |
| Investment Income Current Year | 853264 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 562080 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1244498 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 59292572 | TotalRevenuePriorYear |
| Total Revenue Current Year | 67895286 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 3979208 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4583928 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12531346 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13740094 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 40790179 | OtherExpensePriorYear |
| Other Expenses Current Year | 40564880 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 57300733 | TotalExpensesPriorYear |
| Total Expenses Current Year | 58888902 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1991839 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9006384 | RevenuesLessExpensesCY |
| Total Assets BOY | 87037868 | TotalAssetsBOY |
| Total Assets EOY | 96703749 | TotalAssetsEOY |
| Total Liabilities BOY | 20979896 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 21892096 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 66057972 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 74811653 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | Our mission is to advance the arts and sciences of recording and to foster creative leadership for artistic, cultural, educational, and technical progress in the recording field. A primary activity of The Recording Academy is the recognition of outstanding creative and technical achievements in the recording arts of those deemed to be most worthy by their colleagues through the annual presentation of the GRAMMY Awards. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | The Recording Academy produces the GRAMMY awards, the only peer- presented award to honor artistic achievement, technical proficiency and excellence in the recording industry, without regard to album sales or chart position. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 486 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 149 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 41 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 41 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wayne Zahner | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3103923777 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 Olympic Blvd | AddressLine1 |
| City | Santa Monica | City |
| State | CA | State |
| ZIP Code | 904045073 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (65 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| George J Flanigen IV | ||||||||
| Chair, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Christine Albert | ||||||||
| Vice Chair, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Glenn Lorbecki | ||||||||
| Secretary/Treasurer, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| James Jimmy Jam Harris | ||||||||
| Chair Emeritus, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Glenn Schick | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Anne Harris | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Tammy Hurt | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Johnny K Karkazis | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Peter Strand | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Carlos Alvarez | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Eric Schilling | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Michael Bearden | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Burk | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sheila Sheila E Escovedo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mike Knobloch | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Scott Bomar | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Darrell Brown | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Pete Fisher | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Terry Hemmings | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Scott Jacoby | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ruby Marchand | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Poppo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Karen Sherry | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sue Ennis | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Phil Nicolo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Larry Batiste | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Stephen Hart | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Katherine Kitty Margolis Montuori | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| James McKinney | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Peter Asher | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Sebastian Krys | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Harvey Mason Jr | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Ken Shepherd | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Daniel Hill | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jennifer Blakeman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Nicki Richards | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Bill Gibson | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| David Ivory | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Malcolm Harper | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Paul Paul Wall Slayton | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Kurosh Nasseri | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Bruce Burch 8111-42512 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mike Clink 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Lamont Dozier 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Gail Mitchell 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jody Stephens 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Fletcher Foster 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Beth Ravin 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Steve Sterling 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Nancy Rumbel 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Terry Jones 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Monique Headley 8111-11512 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Daniel Workman 8111-53112 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| William Billy Zero Gallagher | ||||||||
| Trustee (8/1/11-5/31/12) | 1.00 | X | 0 | 0 | 0 | |||
| Neil Portnow | ||||||||
| President/CEO | 40.00 | 1487832 | 0 | 17157 | X | |||
| Wayne Zahner | ||||||||
| CFO | 40.00 | 250467 | 0 | 20214 | X | |||
| Nancy Shapiro | ||||||||
| SVP, Member Services | 40.00 | 311021 | 0 | 22728 | X | |||
| Evan Greene | ||||||||
| CMO | 40.00 | 292818 | 0 | 29649 | X | |||
| Branden Chapman | ||||||||
| VP Production | 40.00 | 239900 | 0 | 22316 | X | |||
| William Freimuth | ||||||||
| VP Awards | 40.00 | 197555 | 0 | 23587 | X | |||
| Gaetano Frizzi | ||||||||
| VP HR & Development | 40.00 | 190400 | 0 | 15519 | X | |||
| Barbara Dehgan | ||||||||
| VP Communications | 40.00 | 164841 | 0 | 12866 | X | |||
| Rick Engdahl | ||||||||
| CIO | 40.00 | 195072 | 0 | 14406 | X | |||
| Peter Anton | ||||||||
| VP Digital Media | 40.00 | 218491 | 0 | 30827 | X | |||
| Daryl Friedman | ||||||||
| Chief Advocacy and Industry Relations Officer | 40.00 | 255170 | 0 | 21261 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3803567 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 230530 | TotalOtherCompensation |
| Number Individuals GT100 K | 28 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| John Cossette Productions Inc | |||||
| 2040 Stoner Ave | Los Angeles | CA | 900256109 | Grammy Awards Production | 8380844 |
| Greenberg Traurig LLP | |||||
| 3290 Northside Parkway | Atlanta | GA | 303272268 | Legal Fees | 4417302 |
| AEG Ehrlich Ventures LLC | |||||
| 11835 West Olympic Blvd | Los Angeles | CA | 90064 | Grammy Awards Production | 2236705 |
| Along Came Mary Events Inc | |||||
| 5265 West Pico Blvd | Los Angeles | CA | 900194043 | Event Production | 982723 |
| Proskauer Rose LLP | |||||
| 1585 Broadway | New York | NY | 100368299 | Legal Fees | 867473 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 34 | NumberOfContractorsGT100K |
| Membership Dues | 1596221 | MembershipDues |
| Total Contributions | 1596221 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| Telecast Related Incom | 900099 | 47920340 | $47,920,340 | ||
| Sponsorship Income | 711130 | 7569718 | $7,569,718 | ||
| Grammy Ticket Sales | 711130 | 6624423 | 6624423 | ||
| NARAS Related events | 711130 | 1835829 | 1835829 | ||
| Publications Income | 541800 | 250993 | 179192 | 71801 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 64201303 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 771561 | TotalRevenueColumn |
| Exclusion | $771,561 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1126615 | TotalRevenueColumn |
| Exclusion | $1,126,615 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 34200 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 59967 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -25767 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -25767 | TotalRevenueColumn |
| Exclusion | -$25,767 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 13831345 | Securities |
| Other | 1283 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 13749466 | Securities |
| Other | 1459 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 81879 | Securities |
| Other | -176 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 81703 | TotalRevenueColumn |
| Exclusion | $81,703 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| Film clip | 900099 | 90025 | $90,025 |
| Annuity Income | 900099 | 9591 | $9,591 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44034 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44034 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 143650 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 67895286 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8683478 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 71801 | UnrelatedBusinessRevenue |
| Exclusion | $57,543,786 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4583928 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3874076 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7509314 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 242765 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1314766 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 799173 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3680958 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 282066 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 120000 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148060 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3193268 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2413211 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1541843 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1265114 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4322448 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1664365 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 820068 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1213518 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 355051 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Event Production | 12946484 |
| Event Expenses | 6046850 |
| Entertainment | 386636 |
| Miscellaneous | 164940 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58888902 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3000 | BOY |
| EOY | 3000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26938748 | BOY |
| EOY | 37664765 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2096213 | BOY |
| EOY | 2142046 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 673154 | BOY |
| EOY | 591067 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11290318 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5333645 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7142077 | BOY |
| EOY | 5956673 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14391089 | BOY |
| EOY | 26893851 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12292 | BOY |
| EOY | 13336 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35781295 | BOY |
| EOY | 23439011 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87037868 | BOY |
| EOY | 96703749 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5449530 | BOY |
| EOY | 3751803 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14988097 | BOY |
| EOY | 17856890 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 542269 | BOY |
| EOY | 283403 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20979896 | BOY |
| EOY | 21892096 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66057972 | BOY |
| EOY | 74811653 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66057972 | BOY |
| EOY | 74811653 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87037868 | BOY |
| EOY | 96703749 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9006384 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -252704 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
| Dues Assessments | 1596221 | DuesAssessments |
| Non Ded Lobby Political Current | 339042 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 339042 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 399055 | AggrAmtReportedInDuesNotices |
| Taxable | -$60,013 | TaxableAmount |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14391088 | BeginningOfYearBalance |
| Contributions | 12084226 | Contributions |
| Investment Earnings Or Losses | 418537 | InvestmentEarningsOrLosses |
| End Of Year Balance | 26893851 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12530625 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 1860463 | InvestmentEarningsOrLosses |
| End Of Year Balance | 14391088 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 59878167 | BeginningOfYearBalance |
| Contributions | 2000000 | Contributions |
| Investment Earnings Or Losses | 5781348 | InvestmentEarningsOrLosses |
| Other Expenditures | 55000000 | OtherExpenditures |
| Administrative Expenses | 128890 | AdministrativeExpenses |
| End Of Year Balance | 12530625 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 64744138 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -4457333 | InvestmentEarningsOrLosses |
| Administrative Expenses | 408638 | AdministrativeExpenses |
| End Of Year Balance | 59878167 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6925847 | OtherCostOrOtherBasis |
| Depreciation | 2198533 | Depreciation |
| Book Value | 4727314 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2841439 | OtherCostOrOtherBasis |
| Depreciation | 2188559 | Depreciation |
| Book Value | 652880 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1523032 | OtherCostOrOtherBasis |
| Depreciation | 946553 | Depreciation |
| Book Value | 576479 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 5956673 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (6 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Other Retirement Liability - 457(B) | 98679 |
| Due from Naras Foundation, Inc. | 614986 |
| Royalty Receivable due from Latin Academy of Recording Arts & Sciences, Inc. | 82492 |
| Due from Naras Properties, Inc. | 22484254 |
| Due from Latin Academy of Recording Arts & Sciences, Inc. | 150481 |
| Library books/ Materials | 8119 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 23439011 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Other Retirement Liability - 457(B) | $98,679 |
| Due to Grammy Museum Foundation | $1,444 |
| Due to Musicares Foundation | $183,280 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 283403 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | The intended use for the endowment fund is to purchase assets to promote growth of the organization or to be held to provide operational support in case of a catastrophic event. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X: | The Recording Academy accounts for income taxes in accordance with the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes. FASB ASC 740 prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken, or expects to take, on a tax return. During the years ended July 31, 2012 and 2011, The Recording Academy did not record any liability for unrecognized tax benefits. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (10 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|---|
| GRAMMY Museum Foundation Inc | ||||||||||
| 800 West Olympic Blvd A245 | Los Angeles | CA | 900150000 | 261447714 | 501(c)(3) | 193480 | 211500 | FMV | Printed advertising spots & Grammy tickets | General support |
| NARAS Foundation Inc | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904040000 | 953199223 | 501(c)(3) | 1479301 | 176967 | FMV | GRAMMY & other event tickets, barter assets, and rent | Contributions, general and program service support |
| MusiCares Foundation Inc | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904040000 | 954470909 | 501(c)(3) | 2196836 | 174467 | FMV | GRAMMY & other event tickets, barter assets, and rent | Contributions, general and program service support |
| City of Hope | ||||||||||
| 1055 Wilshire Blvd | Los Angeles | CA | 900170000 | 953435919 | 501(c)(3) | 13800 | FMV | General support | ||
| Songwriters Hall of Fame | ||||||||||
| 330 W 58th St 411 | New York | NY | 100191820 | 237051690 | 501(c)(3) | 10800 | FMV | General support | ||
| T J Martell Foundation | ||||||||||
| 729 7th ave 16th fl | New York | NY | 100197416 | 510180178 | 501(c)(3) | 10230 | 600 | FMV | Event tickets | General support |
| The New York Botanical Garden | ||||||||||
| 2900 Southern Blvd | Bronx | NY | 104585126 | 131693134 | 501(c)(3) | 10000 | FMV | General support | ||
| People Assisting the Homeless (PATH) | ||||||||||
| 340 N Madison Ave | Los Angeles | CA | 90004 | 953950196 | 501(c)(3) | 22906 | FMV | General support | ||
| The David Foster Foundation | ||||||||||
| PO Box 1760 | Santa Monica | CA | 904061760 | 810581479 | 501(c)(3) | 10000 | FMV | Event tickets | General support | |
| The Broad Stage | ||||||||||
| 1900 Pico Blvd | Santa Monica | CA | 90405 | 412221712 | 501(c)(3) | 10000 | FMV | General support | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 10 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Chapters of the The Recording Academy make donations to various charitable organizations in their respective communities. The Chapters, either through their local charitable giving committee or local executive committee, put forth a proposal for the local Chapter Board to approve donations of their special project funds to be used for this purpose. These funds are the accumulation of funds based on events held at the local level. These Chapter-approved disbursements are then sent to the national Finance Sub-Committee for final approval. A presentation is made disclosing information about the beneficiary, its tax-exempt status, the nature of the use of the funds and other pertinent information. The national headquarters of The Recording Academy sponsors various charities, in the communities its serves, through purchases of tables at events and/or advertisements in program books and from time-to-time minimal cash donations. The Recording Academy provides assistance to its affiliated entities: MusiCares Foundation, Inc., NARAS Foundation, Inc. and GRAMY Museum Foundation, Inc. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Neil Portnow | |||||||||||||
| 881924 | 0 | 0 | 0 | 605908 | 0 | 5500 | 0 | 11657 | 0 | 1504989 | 0 | 336247 | 0 |
| Wayne Zahner | |||||||||||||
| 245483 | 0 | 1750 | 0 | 3234 | 0 | 0 | 0 | 20214 | 0 | 270681 | 0 | 0 | 0 |
| Nancy Shapiro | |||||||||||||
| 248950 | 0 | 57365 | 0 | 4706 | 0 | 5500 | 0 | 17228 | 0 | 333749 | 0 | 0 | 0 |
| Evan Greene | |||||||||||||
| 248001 | 0 | 40077 | 0 | 4740 | 0 | 4125 | 0 | 25524 | 0 | 322467 | 0 | 0 | 0 |
| Branden Chapman | |||||||||||||
| 234988 | 0 | 1750 | 0 | 3162 | 0 | 4125 | 0 | 18191 | 0 | 262216 | 0 | 0 | 0 |
| William Freimuth | |||||||||||||
| 190919 | 0 | 1750 | 0 | 4886 | 0 | 5500 | 0 | 18087 | 0 | 221142 | 0 | 0 | 0 |
| Gaetano Frizzi | |||||||||||||
| 183909 | 0 | 1750 | 0 | 4741 | 0 | 4125 | 0 | 11394 | 0 | 205919 | 0 | 0 | 0 |
| Barbara Dehgan | |||||||||||||
| 158399 | 0 | 1750 | 0 | 4692 | 0 | 4125 | 0 | 8741 | 0 | 177707 | 0 | 0 | 0 |
| Rick Engdahl | |||||||||||||
| 189963 | 0 | 1750 | 0 | 3359 | 0 | 5500 | 0 | 8906 | 0 | 209478 | 0 | 0 | 0 |
| Peter Anton | |||||||||||||
| 211788 | 0 | 1750 | 0 | 4953 | 0 | 5500 | 0 | 25327 | 0 | 249318 | 0 | 0 | 0 |
| Daryl Friedman | |||||||||||||
| 248560 | 0 | 1750 | 0 | 4860 | 0 | 4125 | 0 | 17136 | 0 | 276431 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Part I, Line 1a | The Recording Academy has a written policy regarding the circumstances in which first class travel may be used. The organization makes it a practice to routinely use business or coach airline travel. Additionally, The Recording Academy receives, as part of its sponsorship income, barter tickets for first class, business and coach airline travel. The Recording Academy also has a practice to utilize barter tickets first for first class, business or coach airline travel except when travel time exceeds a certain length or if barter travel is inconvenient or not available. The President/CEO and elected officers are permitted to fly first class, although they are encouraged to fly business class if available prior to booking in first class. Further, these individuals are also encouraged to use coach class travel for very short trips. Other members of senior management are only allowed to fly business or first class if they use barter. Non-barter flights are required to be booked in coach, unless international, which the first choice is business class and the second choice is first class. |
| Part I, Line 4b | Part I, Line 4b: Neil Portnow participated in a Supplemental Employee Retirement Benefit Plan ("SERP"). The SERP qualified as a supplemental nonqualified retirement plan under IRC Section 457(f). Mr. Portnow vested in the SERP on December 31, 2011 and was paid out $536,947. This amount is included in Part II, Column (B)(iii). This amount is also included in Part II, Column (F), less associated expenses and amounts attributable to calendar year 2011, as it had been reported in Part II, Column (C) in previous years while still subject to a substantial risk of forfeiture. Schedule J, Part II, Column (B)(i) for Mr. Portnow also includes an amount reported to Mr. Portnow on a Form 1099 for a return of amounts contributed to a 457(b) plan in previous years. The total amount refunded was $22,629, which includes investment income earned on the principal. This refund represents the portion of Mr. Portnow's contribution to the plan in excess of the amount allowed in each impacted year. The principal portion of this refund is also included in Part II, Column (F), as it had been reported in Part II, Column (C) in previous years. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Rickey Minor - Minor Production Inc | |||
| Former Trustee | 115000 | Producer of Pre-GRAMMY Gala | 0 |
| Terry Lickona - Lickonavision Inc | |||
| Former Trustee | 90000 | Co-producer of GRAMMY Awards Telecast | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 1 | The Executive Committee is comprised of the Chair of the Board of Trustees, Vice Chair of the Board of Trustees, Secretary/Treasurer of the Board of Trustees, Chair Emeritus of the Board of Trustees and four (4) sitting Trustees selected by the Chair of the Board of Trustees in consultation with the President/Chief Executive Officer and ratified by the Board of Trustees. They are granted unilateral rights to conduct business on behalf of the Board of Trustees. Any such action shall be communicated to the entire Board as promptly as the Executive Committee deems reasonably practicable. Such actions shall not include: (a)Altering major legal documents such as, but not limited to, the Certificate of Incorporation, Bylaws, or Governance Manual; (b)Authorizing mergers (other than a merger of any wholly-owned subsidiary with The Recording Academy), acquisitions, joint ventures, consolidations or dissolutions; or approving the sale, lease, exchange or encumbrance of any material asset of The Recording Academy that is not in the ordinary course of business of The Recording Academy; (c)Forming or dissolving standing and Trustee-only committees of the Board, or amending the charter of any committee; (d)Taking any actions that have been expressly, by charter or resolutions, delegated to any other Trustee-only committee; and (e)Amending or repealing any resolution of the Board. | |
| Form 990, Part VI, Section A, line 2 | Business relationship: Scott Jacoby and James McKinney Steve Sterling and Lamont Dozier Steve Sterling and Harvey Mason Scott Bomar and Jody Stephens John Burk and Sheila Escovedo John Burk and Michael Bearden John Burk and Lamont Dozier John Burk and Eric Shilling Glenn Lorbecki, James Harris, Neil Portnow, Wayne Zahner, and Branden Chapman | |
| Form 990, Part VI, Section A, line 6 | There are three categories of members of The Recording Academy: (a) Voting Members; (b) Associate members; and (c) Student Members. Each Membership Class has its own rights and established criteria for participation as set forth by the organization's Bylaws. | |
| Form 990, Part VI, Section A, line 7a | The Voting Members from each Chapter shall constitute a separate Membership Class (the "Chapter Voting Member Membership Class") at the time and, as such, shall elect the Voting Member Governors from such Chapter by a Plurality Vote of qualified returned ballots equal to not less than ten percent of the total number of Members of such Membership Class. The Voting Members and Associate Members from each Chapter at the time shall constitute a separate Membership Class (the "Chapter Voting Member and Associate Member Membership Class") and, as such, shall elect the Associate Member Governors from such Chapter by a Plurality Vote of qualified return ballots equal to not less than ten percent of the total number of Members of such Membership Class. Voting Member Governors and Associate Member Governors from each Chapter. The Members from each Chapter who at the time are Voting Member Governors and Associate Member Governors shall constitute a separate Membership Class (the "Chapter Governor Membership Class"). The Chapter Governor Membership Class shall elect (a) the Trustees from such Chapter by a Plurality Vote of a Majority of the Membership Class eligible to vote and (b) the Chapter Officers of such Chapter by a Plurality Vote of a Majority of the Membership Class eligible to vote, and shall have the power to remove such persons from office. Trustees. The Members who at the time are Trustees shall constitute a separate Membership Class (the "Trustee Membership Class"). During the period a person is in office as a Trustee Officer, such person will also be a Trustee. The Trustee Membership Class shall (a) elect the Trustee Officers by a Majority Vote of a Simple Quorum; (b) have the power, by a Supermajority Vote of a Supermajority Quorum, (i) to remove any Trustee from office (ii) to remove any Trustee Officer from office and (iii) to remove any Governor from office; (c) have the power to ratify the committee nominations; and (d) have the power to approve, adopt, vote on, consent with respect to, or ratify such matters or actions that the Chair or the Executive Committee decides to submit to the Trustee Membership Class for such action. Voting Member Governors and Associate Member Governors from all Chapters. The Members from all Chapters who at the time are Voting Member Governors and Associate Member Governors shall constitute a separate Membership Class (the "Governor Membership Class"). The Governor Membership Class shall have the right to vote on any Major Matter, and approval will require a Supermajority Vote of a Supermajority Quorum. | |
| Form 990, Part VI, Section A, line 7b | See classes of membership as described in Schedule O, Form 990, Part VI, Section A, line 7a. | |
| Form 990, Part VI, Section B, line 11 | Form 990 is prepared by Deloitte Tax, LLP, working in conjunction with the organization's finance department. The draft of the Form 990 is reviewed by the organization's management. The initial draft of the Form 990 is then provided to The Recording Academy's Audit/Finance Committee for their review. Any comments resulting from their review are incorporated into the final filing of the Form 990. The Audit/Finance Committee has been authorized by the Board of Trustees to review the tax filings and approve them to be filed. | |
| Form 990, Part VI, Section B, line 12c | The Corporate Secretary distributes the Statement of Conflict of Interest Policy at each Trustees Meeting. The statements are collected by the Corporate Secretary and then a summary report is given to the Chair of the Board of Trustees and the President/Chief Executive Officer. Accordingly, the Chair of the Board of Trustees as well as the President/Chief Executive Officer are responsible for both monitoring and enforcing the conflict of interest policy based on the statements that are provided. | |
| Form 990, Part VI, Section B, line 15a | The President/CEO compensation was determined by the Executive Committee of the Board of Trustees, functioning as a Compensation Committee for this purpose. The decision was then ratified by the Board of Trustees. The Committee relied upon the advice and expertise of legal counsel, an independent outside compensation consultant and comparability data in determining the compensation. The meeting in which those deliberations were conducted was contemporaneously documented. 15b)Compensation for other employees of National Academy of Recording Arts & Sciences, Inc. is set by the President/Chief Executive Officer, Chief Financial Officer and Vice President of Human Resources. Compensation is determined by the review of the compensation of other employees at similar levels. Information from outside organizations is gathered by the Vice President of Human Resources and by a general knowledge of what is expected for the position by these three individuals. As it relates to annual increases, the Vice President of Human Resources and the Chief Financial Officer have discussed benchmarking with the Chief Financial Officer of a similar organization and other persons in their Human Resources management. Agreement is obtained between these three individuals (CEO, CFO, VP of HR) as to the value of services provided. | |
| Form 990, Part VI, Section C, line 19 | The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public. | |
| Form 990, Part XI, line 5: | Net unrealized losses on investments: -252,704. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2a & 2b: | The organization's financial statements were audited as part of the combined financial statements that included NARAS Properties, Inc., a related tax-exempt organization. | |
| FORM 990, PART VIII AND IX: | During the tax year, NARAS received donated services in the form of printed advertisements. Revenue from these donated services is included in Sponsorship Income on Form 990, Part VIII, Line 2b. Expenses incurred associated with the donated services are included on Form 990, Part IX, Line 12. In addition, the fair market value of the portion of the donated services that were contributed to other organizations is included in Form 990, Part IX, Line 1 and Schedule R if the organization was also a related organization. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| NARAS Properties Inc | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904045073 | 954516666 | Hold title to Real Property | CA | 501(c)(2) | N/A | National Academy of Recording Arts & Sciences Inc | 1 |
| The GRAMMY Museum Foundation Inc | ||||||||||
| 800 W Olympic Blvd Suite A245 | Los Angeles | CA | 900150000 | 261447714 | Explores and celebrates all Forms of music | CA | 501(c)(3) | Line 11, aI | National Academy of Recording Arts & Sciences Inc | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 1 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (6 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| NARAS Properties Inc | ||
| D | 200000 | Cash |
| NARAS Properties Inc | ||
| J | 2334240 | Leased Lantana Bldg Based |
| NARAS Properties Inc | ||
| N | 52772 | Bldg maintenance & Accounting |
| NARAS Properties Inc | ||
| R | 12433857 | Repayment of loan |
| The GRAMMY Museum Foundation Inc | ||
| B | 404980 | Contribution of Ads & Cash |
| The GRAMMY Museum Foundation Inc | ||
| F | 161300 | GRAMMY Tickets at Face Value |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Schedule R, Part V, Column (d) | ReturnReference |
| Explanation | NARAS Properties, Inc., a related Section 501(c)(2) tax-exempt organization controlled by The Recording Academy, owns the corporate headquarters in Santa Monica, California used by The Recording Academy and its affiliated tax-exempt organizations. The Recording Academy paid rent for its use of the corporate headquarters. The value of the rent was determined based on comparables of similar properties. NARAS Properties, Inc. also owns an office building in Nashville, Tennessee used by the Nashville Chapter of The Recording Academy and The Recording Academy's affiliated tax-exempt organizatons. The Recording Academy paid rent for its use of the property. The value of the rent was determined based on comparables of similar properties. Value of donated advertising is based on rate card from the publication. Value of building maintenance & accounting, based on allocation of actual expenses. | Explanation |