Cause IQ organization profile

Country Music Hall of Fame and Museum (TCMF)

TCMF is a museum based in Nashville, TN that was founded in 1964. As of 2019 they had $40 million in revenue and $105 million in assets.

Traditional Country Music Foundation's mission is to preserve and to promote real country music, the kind people can relate to and understand. The kind that gives us a warm feeling...soothing and simple.

Previous legal names or variations of their name include: Country Music Foundation; and Traditional Country Music Foundation.

EIN:

62-0753887

City:

Nashville

State:

Tennessee

Website:

countrymusichalloffame.org

Facebook:

facebook.com/traditional-country-music-foundation-inc

Founded:

1964

Type:

501(c)(3)

NTEE:

A50: Museums

Revenue:

$40,736,347

Assets:

$105,260,475

Employees:

492

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at TCMF

Founded in 1967, the Country Music Hall of Fame and museum is a not-for-profit education institution that preserves and interprets the evolving history and traditions of Country Music and its cultural relatives. Functioning as a national history museum and an international arts organization, the museum is one of the most popular in the united states. The Country Music Hall of Fame and museum delivered the following results "by the numbers" in 2017. " 1,244,764 people visited the museum." 103,300 people visited historic rca studio b." 12 exhibitions were curated and presented, randing from "loretta lynn: blue Kentucky firl" to "dylan, cash and the nashville cats: a new Music city"" 101,407 guests engaged in 1,127 hands-on learning activities guided by museum educators in the taylor swift education center." 63,000 digitally available artifacts received and 424 daily page views via the museum's digital archive" 23,910 news stories, reached 2.9 billion people, featured ...

Form 990s for TCMF

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Dec 26, 2019	990	View PDF
2017-12	Dec 22, 2018	990	View PDF
2016-12	Nov 21, 2017	990	View PDF
2015-12	Jan 19, 2017	990	View PDF
2014-12	Feb 9, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for TCMF

Field	2017	2016	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$304,107	$374,015	-18.7%
Normal grants, contributions, etc.	$2,780,060	$2,687,088	3.5%
<em>Non-cash contributions included in above</em>	$61,433	$71,755	-14.4%
Total grants, contributions, etc.	$3,084,167	$3,061,103	2.6%

Field	2018	2017	% Change
Total grants, contributions, etc.	$3,164,719	$3,084,167	2.6%
Program services	$31,989,033	$21,700,796	47.4%
Investment income and dividends	$260,816	$180,624	44.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$72,638	$56,876	27.7%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$-10,228	$-20,657	50.5%
Net income from fundraising events	$71,942	$0	999%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$3,927,879	$4,581,124	-14.3%
Miscellaneous revenues	$1,259,548	$7,547,057	-83.3%
Total revenues	$40,736,347	$37,129,987	9.7%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$976,531	$914,424	6.8%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$13,106,013	$11,050,737	18.6%
Pension/retirement accruals and contributions	$137,685	$114,941	19.8%
Other employee benefits	$924,077	$832,880	10.9%
Payroll taxes	$1,002,198	$852,108	17.6%
Management fees	$0	$0
Legal fees	$130,995	$136,456	-4.0%
Accounting fees	$40,006	$40,000	0.0%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$22,973	$21,878	5.0%
Other fee-for-service	$419,030	$388,896	7.7%
Advertising and promotion	$2,429,529	$2,377,195	2.2%
Office expenses	$1,161,969	$1,044,529	11.2%
Information tech. expenses	$272,503	$175,609	55.2%
Royalty expenses	$0	$0
Occupancy	$2,235,061	$1,637,631	36.5%
Travel	$86,365	$72,137	19.7%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$16,547	$7,408	123.4%
Interest	$386,444	$555,914	-30.5%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$4,753,839	$4,542,955	4.6%
Insurance	$0	$0
All other expenses	$7,625,780	$6,953,533	9.7%
Total expenses	$35,727,545	$31,719,231	12.6%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$10,350,399	$14,817,241	-30.1%
Savings, short-term investments, etc.	$949,197	$205,573	361.7%
Pledges and grants receivable	$2,740,759	$3,229,528	-15.1%
Accounts receivable	$1,331,769	$790,974	68.4%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$1,959,513	$1,561,975	25.5%
Prepaid expenses and deferred charges	$189,545	$322,971	-41.3%
Buildings, equipment, etc. post-depreciation	$72,093,157	$74,738,155	-3.5%
Investments, publicly traded securities	$15,646,136	$4,740,539	230.0%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$0	$114,013	-100%
Total assets	$105,260,475	$100,520,969	4.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$2,552,136	$1,901,940	34.2%
Grants payable	$0	$0
Deferred revenue	$1,345,891	$1,281,506	5.0%
Tax-exempt bond liabilities	$1,000,000	$1,600,000	-37.5%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$594,289	$850,000	-30.1%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$16,789,613	$16,737,430	0.3%
Total liabilities	$22,281,929	$22,370,876	-0.4%

Field	2018	2017	% Change
Unrestricted net assets	$77,209,301	$71,421,328	8.1%
Temporarily restricted net assets	$0	$4,463,265	-100%
Permanently restricted net assets	$5,769,245	$2,265,500	154.7%

Vendors for TCMF

Vendor	Services	Amount paid	Date
Gallagher Benefit Services Inc	Insurance agent or broker	$18,738	2019-12-31
█████	Insurance		2019-12-31
███ ███████ ████████ ████ █████████ ███████	Insurance		2019-12-31
███	Insurance		2019-12-31
█████████ ████	Tax accounting		2018-10-10
█████ ████ ██████	Parking	$412,220	2017-12-01
████████ ████████████	Construction	$708,354	2017-12-01
██████ ████████ ████████ ███	Building Cleaners	$538,017	2017-12-01
...and five more vendors

Personnel at TCMF

Name	Title	Compensation	Most recent data
Steve Turner	Chairman	$0	April 27, 2020
Vince Gill	President	$0	April 27, 2020
█████ ███████	Vice President and Non Voting	$0	April 27, 2020
████ ████████	SR.VP of Financial Services and Operations	$192,707	Nov. 21, 2017
████ ████	Secretary of Board	$0	Dec. 31, 2016
█████ ████████	Treasurer of Board	$0	Dec. 31, 2016
████ █████	Chief Executive Officer	$490,551	Dec. 31, 2016
███ █████████	Vice President and Non Voting	$0	Dec. 31, 2015
███████ ██████	Trustee Emeriti and Non Voting	$0	Dec. 31, 2015
█████ ██████	Vice President and Non Voting	$0	Dec. 31, 2015
...and eight more key personnel

Peer museums

	Name	Type	Revenue	Location
1	Anchorage Museum Association	501(c)(3)	$13 million	Anchorage, AK
2	The Gilcrease Museum Management Trust the University of Tulsa	501(c)(3)	$11 million	Tulsa, OK
3	Conner Prairie Museum	501(c)(3)	$12 million	Fishers, IN
4	Cheekwood Botanical Garden and Museum of Art	501(c)(3)	$11 million	Nashville, TN
5	The Great American Songbook Foundation	501(c)(3)	$16 million	Carmel, IN
6	Grammy Museum Foundation	501(c)(3)	$15 million	Los Angeles, CA
7	The New York Historical Society	501(c)(3)	$39 million	New York, NY
8	Museum of Jewish Heritage A Living Memorial To the Holocaust	501(c)(3)	$13 million	New York, NY
9	The Gilder Lehrman Institute of American History	501(c)(3)	$24 million	New York, NY
10	Union Station Kansas City	501(c)(3)	$15 million	Kansas City, MO
11	Historic Arnolds Park	501(c)(3)	$12 million	Arnolds Park, IA
12	Atlanta History Center (AHC)	501(c)(3)	$19 million	Atlanta, GA
13	Motown Historical Museum	501(c)(3)	$11 million	Detroit, MI
14	Vizcaya Museum and Gardens Trust	501(c)(3)	$11 million	Miami, FL
15	San Diego Society of Natural History	501(c)(3)	$10 million	San Diego, CA
16	National WWII Museum	501(c)(3)	$104 million	New Orleans, LA
17	Ohio History Connection	501(c)(3)	$31 million	Columbus, OH
18	Pro Football Hall of Fame	501(c)(3)	$27 million	Canton, OH
19	Computer History Museum (CHM)	501(c)(3)	$11 million	Mountain View, CA
20	Colonial Williamsburg Foundation	501(c)(3)	$137 million	Williamsburg, VA
21	Tenement Museum	501(c)(3)	$10 million	New York, NY
22	International Tennis Hall of Fame	501(c)(3)	$10 million	Newport, RI
23	Uss Missouri Memorial Association	501(c)(3)	$16 million	Aiea, HI
24	United States Olympic Museum	501(c)(3)	$11 million	Colorado Springs, CO
25	Shaker Village of Pleasant Hill	501(c)(3)	$10 million	Harrodsburg, KY

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Cause IQ organization profile

Country Music Hall of Fame and Museum (TCMF)

Program areas at TCMF

Form 990s for TCMF

Financials for TCMF

Vendors for TCMF

Personnel at TCMF

Peer museums

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