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Arts, Culture, Humanities : Museums

Country Music Foundation

Identifying and preserving the evolving history and traditions of country music

three stars

82.92

222 Fifth Avenue South Nashville, TN 37203
tel: (615) 416-2001   Web Site
EIN: 62-0753887

Board Leadership
Steve Turner
Chairman

CEO
Kyle Young
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 82.92 three stars
  Financial 83.91 three stars
  Accountability & Transparency 82.00 three stars
This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1963, the Country Music Foundation (CMF) operates the Country Music Hall of Fame and Museum, which opened in 1967. The mission of the CMF is to identify and preserve the evolving history and traditions of country music and to educate its audiences. Functioning as a local history museum and as an international arts organization, the CMF serves visiting and non-visiting audiences including fans, students, scholars, members of the music industry, and the general public - in the Nashville area, the nation, and the world. The Museum's operations also include educational programs, CMF Press and CMF Records, the Country Music Foundation Library, and the historic sites RCA Studio B and Hatch Show Print.

Founded in 1963, the Country Music Foundation (CMF) operates the Country Music Hall of Fame and Museum, which opened in 1967. The mission of the CMF is to identify and preserve the evolving history and traditions of country music and to educate its audiences. Functioning as a local history museum and as an international arts organization, the CMF serves visiting and non-visiting audiences including fans, students, scholars, members of the music industry, and the general public - in the Nashville area, the nation, and the world. The Museum's operations also include educational programs, CMF Press and CMF Records, the Country Music Foundation Library, and the historic sites RCA Studio B and Hatch Show Print.

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Financial

three stars

83.91

Accountability & Transparency

three stars

82.00

This rating was published 04/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
88.4%
  Administrative Expenses 7.7%
  Fundraising Expenses 3.7%
  Fundraising Efficiency $0.39
  Working Capital Ratio (years) 2.37
  Program Expenses Growth 6.9%
  Liabilities to Assets 21.1%
All data for Financial Performance Metrics calculations was provided by Country Music Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Country Music Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Country Music Foundation (TN) 82.92 three stars
Muhammad Ali Center (KY) 90.34 four stars
USS Constitution Museum (MA) 91.99 four stars
Peabody Essex Museum (MA) 88.37 three stars
Naval Aviation Museum Foundation (FL) 95.87 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,801,377
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $363,342
Total Contributions $3,164,719
   Program Service Revenue $31,989,033
Total Primary Revenue $35,153,752
   Other Revenue $5,582,595
TOTAL REVENUE $40,736,347
   
EXPENSES  
   Program Expenses $31,626,542
   Administrative Expenses $2,727,245
   Fundraising Expenses $1,373,758
TOTAL FUNCTIONAL EXPENSES $35,727,545
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,008,802
   
Net Assets $82,978,546

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 04/01/2020 82.92 three stars
2017-12 03/01/2019 80.61 three stars
2016-12 04/01/2018 82.91 three stars
2015-12 05/01/2017 82.91 three stars
2014-12 06/01/2016 82.91 three stars
 
CN 2.0
2013-12 07/01/2015 82.78 three stars
2012-12 04/01/2014 84.81 three stars
2011-12 02/01/2013 82.01 three stars
2010-12 03/01/2012 79.49 two stars
2009-12 09/20/2011 74.00 two stars
 
CN 1.0
2009-12 02/01/2011 69.20 one star
2008-12 05/01/2010 68.01 one star
2007-12 07/01/2009 78.77 two stars
2006-12 12/01/2007 83.42 three stars
2005-12 12/01/2006 84.31 three stars
2004-12 01/01/2006 73.96 two stars
2003-12 02/01/2005 68.66 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 62-0753887
Name in IRS Master File COUNTRY MUSIC FOUNDATION INC
NTEE Code A50
NTEE Classification Museum, Museum Activities
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1964
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$536,027 1.50% Kyle Young CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Country Music Foundation (TN) 82.92 three stars
USS Constitution Museum (MA) 91.99 four stars
Muhammad Ali Center (KY) 90.34 four stars
Northern Clay Center (MN) 91.32 four stars
Museum of Flight (WA) 89.91 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Country Music Foundation
222 Fifth Avenue South
Nashville, TN 37203
tel: (615) 416-2001
EIN: 62-0753887

Visit Web Site

Board Leadership

Steve Turner
Chairman

CEO

Kyle Young
CEO

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