NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC (EIN 95-6052058)
- Tax period
- 2009-08-01 to 2010-07-31
- Filed
- 2011-05-27
- IRS object ID
- 201121479349300522
- Schema version
- 2009v1.7
- 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 | 2011-05-27T15:29:29-05:00 | Timestamp |
| Tax Period End Date | 2010-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2009-08-01 | 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 Arts & | BusinessNameLine1 |
| Business Name Line2 | 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 | 90404 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NEIL PORTNOW | Name |
| Title | President/CEO | Title |
| Phone | 3103923777 | Phone |
| Date Signed | 2011-05-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2136880800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | 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 | 207217283 | 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 science of recording and to foster creative leadership. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 40 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 40 | NbrIndependentVotingMembers |
| Total Nbr Employees | 162 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 92822 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 34523 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1626846 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1633521 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 57350622 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 57440950 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2729055 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1134035 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 443271 | OtherRevenuePriorYear |
| Other Revenue Current Year | 240350 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 56691684 | TotalRevenuePriorYear |
| Total Revenue Current Year | 60448856 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 4418771 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 4320467 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14542141 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 13914357 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 41020750 | OtherExpensePriorYear |
| Other Expenses Current Year | 55531370 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 59981662 | TotalExpensesPriorYear |
| Total Expenses Current Year | 73766194 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3289978 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -13317338 | RevenuesLessExpensesCY |
| Total Assets BOY | 89970162 | TotalAssetsBOY |
| Total Assets EOY | 80923538 | TotalAssetsEOY |
| Total Liabilities BOY | 18587172 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 18189252 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 71382990 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 62734286 | NetAssetsOrFundBalancesEOY |
| Mission Description | The primary exempt purpose of The Recording Academy 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. The Recording Academy recognizes outstanding creative achievement in the recording arts by conferring annual awards of merit upon those deemed to be most worthy by their colleagues. The Recording Academy maintains libraries of the recordings for reference purposes. The Recording Academy also fosters and engages in study, education and research relating to the recording industry. | 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 |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | 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 |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 318 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 162 | 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 |
| Nbr Voting Governing Body Members | 40 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 40 | 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 Flanigen | ||||||||
| Chair, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Doug Frank | ||||||||
| Vice Chair, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Glenn Lorbecki | ||||||||
| Secretary/Treasurer, Board of Trust | 1.00 | X | 0 | 0 | 0 | |||
| James Harris | ||||||||
| Chair Emeritus, Board of Trustees | 1.00 | X | 0 | 0 | 0 | |||
| Dee Dee Murray | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jan Smith 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Michael Freeman 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Donald Lawrence 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Alice Peacock | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Trevor Fletcher 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Eric Schilling | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mike Clink | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Maureen Crowe | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Lamont Dozier | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Harvey Mason Jr | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Gail Mitchell | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jon Platt 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Tom Sturges | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Cynthia Simien | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jody Stephens | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Mark Bright | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Darrell Brown | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Joanna Carter 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Terry Hemmings 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Jimmy Bralower 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Charles Feldman 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Phil Galdston | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Beth Ravin | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| David Meinert 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Nancy Rumbel | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Terry Jones | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Larry Batiste 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Leslie Ann Jones | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Yolanda Adams 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Christine Albert | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Dan Workman | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Poppo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Simson 6109 - 53110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Paul Katz | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Phil Nicolo | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Gregory Gordon | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| James McKinney | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Glenn Schick 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Peter Strand 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Carlos Alvarez 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| John Burk 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Pete Fisher 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Fletcher Foster 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Karen Sherry 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Steve Sterling 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Steve Mack 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Stephen Hart 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Billy Zero 6110 - 73110 | ||||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |||
| Neil Portnow | ||||||||
| President/CEO | 40.00 | 924662 | 0 | 76326 | X | |||
| David Grossman | ||||||||
| Executive VP | 40.00 | 379465 | 0 | 45439 | X | |||
| Wayne Zahner | ||||||||
| CFO | 40.00 | 234558 | 0 | 17505 | X | |||
| Nancy Shapiro | ||||||||
| VP Regional Management | 40.00 | 278707 | 0 | 24563 | X | |||
| Evan Greene | ||||||||
| CMO | 40.00 | 275887 | 0 | 39276 | X | |||
| Angelia Bibbs-Sanders | ||||||||
| VP Member Services | 40.00 | 246740 | 0 | 31066 | X | |||
| Branden Chapman | ||||||||
| VP Production | 40.00 | 189527 | 0 | 32712 | X | |||
| Daryl Friedman | ||||||||
| VP Advocacy & Gov't Relations | 40.00 | 232371 | 0 | 31138 | X | |||
| Gaetano Frizzi | ||||||||
| VP Human Resources | 40.00 | 183076 | 0 | 26514 | X | |||
| William Freimuth | ||||||||
| VP Awards | 40.00 | 168209 | 0 | 32586 | X | |||
| Peter Anton | ||||||||
| VP Digital Media | 40.00 | 211910 | 0 | 39190 | X | |||
| Doug Gore | ||||||||
| VP Asset Management | 40.00 | 186245 | 0 | 37208 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3511357 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 433523 | TotalOtherCompensation |
| Number Individuals GT100 K | 27 | 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 | 900250000 | GRAMMY AWARDS PRODUCTION | 10545675 |
| Greenberg Traurig LLP | |||||
| 3290 Northside Parkway | Atlanta | GA | 303270000 | LEGAL FEES | 1480575 |
| Along Came Mary Events Inc | |||||
| 5265 West Pico Blvd | Los Angeles | CA | 900190000 | EVENT PRODUCTION | 763384 |
| Proskauer Rose LLP | |||||
| 1585 Broadway | New York | NY | 100368299 | LEGAL FEES | 684615 |
| Bounce Event Marketing Inc | |||||
| 714 West Olympic Blvd | Los Angeles | CA | 900150000 | EVENT PRODUCTION | 683279 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 26 | NumberOfContractorsGT100K |
| Membership Dues | 1633521 | MembershipDues |
| Total Contributions | 1633521 | 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 | 42698432 | $42,698,432 | ||
| Grammy Ticket Sales | 711130 | 6756695 | 6756695 | ||
| Sponsorship Income | 711130 | 6155796 | $6,155,796 | ||
| NARAS Related events | 711130 | 1481712 | 1481712 | ||
| Publications Income | 541800 | 348315 | 291015 | 57300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 57440950 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 981346 | TotalRevenueColumn |
| Exclusion | $981,346 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 122799 | TotalRevenueColumn |
| Exclusion | $122,799 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 146906358 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 146753669 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 152689 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 152689 | TotalRevenueColumn |
| Exclusion | $152,689 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 50280 | GrossSalesOfInventory |
| Cost Of Goods Sold | 14758 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35522 | TotalRevenueColumn |
| Unrelated Business Revenue | 35522 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|---|
| Film clip | 900099 | 37493 | $37,493 | |
| Annuity Income | 900099 | 9591 | $9,591 | |
| Recovery of Unclaimed | 900099 | 2150 | 2150 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 32795 | TotalRevenueColumn |
| Related Or Exempt Function Income | 32795 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 82029 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60448856 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8564367 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 92822 | UnrelatedBusinessRevenue |
| Exclusion | $50,158,146 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4320467 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3053084 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8586116 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 172430 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1299738 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 802989 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2210299 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 395520 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78000 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122269 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2709838 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3317336 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1826431 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1366957 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3426002 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1567713 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 945934 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1113478 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1426598 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Lease Termination Fee | 17250000 |
| Event Production | 11939570 |
| Event Expenses | 5430910 |
| Entertainment | 311966 |
| Miscellaneous | 92549 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73766194 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3600 | BOY |
| EOY | 3300 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16391994 | BOY |
| EOY | 19168943 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2045245 | BOY |
| EOY | 1439921 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 23168 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 727738 | BOY |
| EOY | 1075731 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 10955817 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3290196 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8655099 | BOY |
| EOY | 7665621 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26846321 | BOY |
| EOY | 12513366 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21019202 | BOY |
| EOY | 11368 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11970657 | BOY |
| EOY | 17259 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2310306 | BOY |
| EOY | 39004861 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89970162 | BOY |
| EOY | 80923538 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4200590 | BOY |
| EOY | 3252654 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14097211 | BOY |
| EOY | 14542408 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 289371 | BOY |
| EOY | 394190 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18587172 | BOY |
| EOY | 18189252 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71382990 | BOY |
| EOY | 62734286 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71382990 | BOY |
| EOY | 62734286 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89970162 | BOY |
| EOY | 80923538 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 1633521 | DuesAssessments |
| Non Ded Lobby Political Current | 280793 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 280793 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 408380 | AggrAmtReportedInDuesNotices |
| Taxable | -$127,587 | TaxableAmount |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| 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 Minus1 Year CurrentYearMinus1Year
| 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 | 6880457 | OtherCostOrOtherBasis |
| Depreciation | 1152189 | Depreciation |
| Book Value | 5728268 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2520447 | OtherCostOrOtherBasis |
| Depreciation | 1442578 | Depreciation |
| Book Value | 1077869 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1554913 | OtherCostOrOtherBasis |
| Depreciation | 695429 | Depreciation |
| Book Value | 859484 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7665621 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (9 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Airline and Hotel Barter Inventory | 91476 |
| Other Receivables | 7597 |
| Miscellaneous Assets | 11510 |
| Other Retirement Liability - 457(B) | 79943 |
| Due from Naras Foundation, Inc. | 311073 |
| Due from Musicares Foundation, Inc. | 51398 |
| Due from Latin Academy of Recording Arts & Sciences, Inc. | 372627 |
| Due from Naras Properties, Inc. | 37038337 |
| Royalty Receivable due from Latin Academy of Recording Arts & Sciences, Inc. | 1040900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 39004861 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Other Retirement Liability - 457(B) | $79,943 |
| Pension Liability | $314,247 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 394190 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | 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. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | Effective August 1, 2009, The Recording Academy adopted the provisions of ASC 740. Income Taxes (formerly FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes- an interpretation of FASB statement No. 109). ASC 740 requires that a position taken or expected to be taken in a tax return be recognized in the financial statements when it is more likely than not that the position would be sustained upon examination by tax authorities. A recognized tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The adoption of ASC 740 did not affect The Recording Academy's combined financial statements. The Recording Academy does not believe it had any uncertain tax position as of July 31, 2010. |
| Form 990, Schedule D, Part IX, Due from NARAS Properties, Inc.: On December 15,2009, NARAS Properties, Inc., a related Section 501(c)(2) tax-exempt organization controlled by The Recording Academy, purchased the corporate headquarters in Santa Monica, California to be used by The Recording Academy and its affiliated tax-exempt organizations. The Recording Academy and its affiliated tax-exempt organizations had previously rented office space from an unrelated third party. The Recording Academy determined that it would be financially prudent to own its own office building through NARAS Properties, Inc. To that end, The Recording Academy liquidated a portion of its endowment fund and then loaned $38,900,000 to NARAS Properties, Inc. to enable NARAS Properties, Inc. to purchase the building. The purchase price per the contract was $45,265,127 paid by NARAS Properties, Inc. plus an additional $15,000,000 for a lease termination fee to be paid by The Recording Academy for the early termination of its existing lease. In accordance with GAAP accounting, the purchase price was adjusted on the audited financial statements to reflect an asset of $43,015,127 plus an expense of $17,250,000. Prior to the NARAS Properties, Inc. purchase of the building, The Recording Academy leased office space to MusiCares Foundation, Inc. and NARAS Foundation, Inc. at a below-market rate for rent (with the excess of the market rate above the amount charged reported as a contribution to the affiliate). After purchasing the building, The Recording Academy contributes all rent to MusiCares Foundation, Inc. and NARAS Foundation, Inc. As of July 31, 2010, after applying an offset of rent due by The Recording Academy to NARAS Properties, Inc., the balance on the loan is $37,038,337. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|---|---|---|---|---|
| The Georgia Trust | ||||||||||
| 1516 Peachtree NW | Atlanta | GA | 303090000 | 237357226 | 501(c)(3) | 10000 | General Support | |||
| Grammy Museum | ||||||||||
| 800 West Olympic Blvd A245 | Los Angeles | CA | 900150000 | 261447714 | 501(c)(3) | General Support | 345980 | FMV | Printed advertising spots received as barter | |
| Naras Foundation | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904040000 | 953199223 | 501(c)(3) | 1314561 | Contributions and Program Service Support | 250551 | FMV | Grammy and other event tickets, barter assets, and rent |
| Musicares Foundation | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904040000 | 954470909 | 501(c)(3) | 2091953 | Contributions and Program Service Support | 216148 | FMV | Grammy and other event tickets, barter assets, and rent |
| City of Hope | ||||||||||
| 1055 Wilshire BLVD | Los Angeles | CA | 900170000 | 953435919 | 501(c)(3) | 13800 | General Support | |||
| Community Foundation of Middle Tennessee | ||||||||||
| 3833 Cleghorn Ave | Nashville | TN | 372150000 | 621471789 | 501(c)(3) | 11000 | General Support | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 6 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other Information: | Identifier |
| Return Reference | Part IV: | ReturnReference |
| Explanation | Chapters of 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 Committee for final approval. A presentation is made disclosing information about the beneficiary, it's tax-exempt status, the nature of the use of the funds and other pertinent information. The national headquarters of The Recording Academy sponsors through purchases of tables at events, or advertisements in program books and from time-to-time minimal cash donations to charities in the communities it serves. The Recording Academy provides assistance to its affiliated entities: MusiCares Foundation, Inc., NARAS Foundation, Inc., and GRAMMY 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 |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (12 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 | |||||||||||||
| 875698 | 0 | 0 | 0 | 48964 | 0 | 65599 | 0 | 10727 | 0 | 1000988 | 0 | 22000 | 0 |
| David Grossman | |||||||||||||
| 373807 | 0 | 1750 | 0 | 3908 | 0 | 22000 | 0 | 23439 | 0 | 424904 | 0 | 0 | 0 |
| Wayne Zahner | |||||||||||||
| 229587 | 0 | 1750 | 0 | 3221 | 0 | 0 | 0 | 17505 | 0 | 252063 | 0 | 0 | 0 |
| Nancy Shapiro | |||||||||||||
| 240241 | 0 | 33961 | 0 | 4505 | 0 | 22000 | 0 | 2563 | 0 | 303270 | 0 | 0 | 0 |
| Evan Greene | |||||||||||||
| 240248 | 0 | 30780 | 0 | 4859 | 0 | 16500 | 0 | 22776 | 0 | 315163 | 0 | 0 | 0 |
| Angelia Bibbs-Sanders | |||||||||||||
| 241641 | 0 | 1750 | 0 | 3349 | 0 | 16500 | 0 | 14566 | 0 | 277806 | 0 | 0 | 0 |
| Branden Chapman | |||||||||||||
| 184628 | 0 | 1750 | 0 | 3149 | 0 | 16500 | 0 | 16212 | 0 | 222239 | 0 | 0 | 0 |
| Daryl Friedman | |||||||||||||
| 225663 | 0 | 1750 | 0 | 4958 | 0 | 16500 | 0 | 14638 | 0 | 263509 | 0 | 0 | 0 |
| Gaetano Frizzi | |||||||||||||
| 176467 | 0 | 1750 | 0 | 4859 | 0 | 16500 | 0 | 10014 | 0 | 209590 | 0 | 0 | 0 |
| William Freimuth | |||||||||||||
| 161627 | 0 | 1750 | 0 | 4832 | 0 | 16500 | 0 | 16086 | 0 | 200795 | 0 | 0 | 0 |
| Peter Anton | |||||||||||||
| 205247 | 0 | 1750 | 0 | 4913 | 0 | 16500 | 0 | 22690 | 0 | 251100 | 0 | 0 | 0 |
| Doug Gore | |||||||||||||
| 84323 | 0 | 13101 | 0 | 88821 | 0 | 10250 | 0 | 26958 | 0 | 223453 | 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 travel. Additionally, The Recording Academy receives, as part of its sponsorship income, barter tickets for first class, business and coach travel. The Recording Academy also has a practice to utilize barter tickets first for business 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. |
| Part I, Line 4a | Doug Gore received severance in the amount of $136,452.75. Of this amount, $85,915 was received and reported on his 2009 Form W-2. The remaining amount of $50,538 will be paid and reported on his 2010 Form W-2. Part I, Line 4b: Neil Portnow participated in The Recording Academy's Supplemental Employee Retirement Benefit Plan ("SERP"), which is considered to be a supplemental nonqualified retirement plan under IRC section 457(f). Amounts deferred under the Section 457(f) plan are subject to substantial risk of forfeiture. These amounts will be reported as compensation for the year paid. Mr. Portnow was not paid any amounts during calendar year 2009 as his participation was still subject to substantial risk of forfeiture. Schedule J, Part II, Column C for Mr. Portnow includes $43,599 of Section 457(f) deferred compensation that was accrued, but not received. Additionally, the $43,599 amount represents a reasonable estimate of the accrual for calendar 2009 as the actual number is not readily available. Part II: The amount reported for Neil Portnow in Part II, column (B)(iii) includes a payout of $22,000 from Mr. Portnow's Section 457(b) plan, which amount had become substantially vested. This amount was previously reported as deferred compensation on The Recording Academy's prior year Form 990s. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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: James Bralower and Phil Galdston Business relationship: Glenn Lorbecki, James Harris, Neil Portnow, Wayne Zahner, and David Grossman Business relationship: Yolanda Adams and Phil Galdston | |
| 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 Supermajority 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 committee for their review. Any comments resulting from their review are incorporated into the final filing of the Form 990. | |
| Form 990, Part VI, Section B, line 12c | The Corporate Secretary distributes the Statement of Conflict of Interest Policy at each Fall 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 | 15a) The President/CEO compensation was determined by the Executive Committee of the Board of Trustees. The decision was then ratified by the Board of Trustees. The Committee relied upon the counsel 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. However, the organization's Statement of Financial Position and Statement of Activities are made part of this return, which is open to public inspection. | |
| Form 990, Part XI, Line 2: 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 IX, Line 24a | On December 15, 2009, NARAS Properties, Inc., a related Section 501(c)(2) tax-exempt organization controlled by The Recording Academy, purchased the corporate headquarters in Santa Monica, California to be used by The Recording Academy and its affiliated tax-exempt organizations. The Recording Academy and its affiliated tax-exempt organizations had previously rented office space from an unrelated third party. The Recording Academy determined that it would be financially prudent to own its own office building through NARAS Properties, Inc. To that end, The Recording Academy liquidated a portion of its endowment fund and then loaned $38,900,000 to NARAS Properties, Inc. to enable NARAS Properties, Inc. to purchase the building. The purchase price per the contract was $45,265,127 paid by NARAS Properties, Inc. plus an additional $15,000,000 for a lease termination fee to be paid by The Recording Academy for the early termination of its existing lease. In accordance with GAAP accounting, the purchase price was adjusted on the audited financial statements to reflect an asset of $43,015,127 plus an expense of $17,250,000. Prior to the NARAS Properties, Inc. purchase of the building, The Recording Academy leased office space to MusiCares Foundation, Inc. and NARAS Foundation, Inc. at a below-market rate for rent (with the excess of the market rate above the amount charged reported as a contribution to the affiliate). After purchasing the building, The Recording Academy contributes all rent to MusiCares Foundation, Inc. and NARAS Foundation, Inc. As of July 31, 2010, after applying an offset of rent due by The Recording Academy to NARAS Properties, Inc., the balance on the loan is $37,038,337. | Lease Termination Fee |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 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 | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|
| Naras Properties Inc | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904045073 | 954516666 | Hold title to Real Property | CA | Section 501(c)(2) | N/A | National Academy Recording Arts & Sciences Inc | |
| Naras Foundation Inc | ||||||||||
| 3030 Olympic Blvd | Santa Monica | CA | 904045073 | 953199223 | Advancement of music | CA | Section 501(c)(3) | Line 11, bII | N/A | |
| Grammy Museum | ||||||||||
| 800 W Olympic Blvd Suite A245 | Los Angeles | CA | 900150000 | 261447714 | Explores and celebrates all Forms of music | CA | Section 501(c)(3) | Line 11, aI | National Academy Recording Arts & Sciences Inc | |
| 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 | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | 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 | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| NARAS Properties Inc | |
| D | 38900000 |
| NARAS Properties Inc | |
| J | 2073429 |
| NARAS Properties Inc | |
| N | 83971 |
| NARAS Properties Inc | |
| O | 285406 |
| NARAS Properties Inc | |
| P | 626467 |
| NARAS Properties Inc | |
| Q | 213266 |
| The Grammy Museum Foundation Inc | |
| B | 345980 |
| NARAS Foundation Inc | |
| B | 1565112 |
| NARAS Foundation Inc | |
| J | 60355 |
| NARAS Foundation Inc | |
| N | 137556 |
| NARAS Foundation Inc | |
| P | 105155 |