Civic Intelligence

International Bluegrass Music Association Inc

EIN 38-3764317 • 501(c)3 • Nashville, TN

Profile

Working together for high standards of professionalism, a greater appreciation for our music and the success of the worldwide bluegrass community.

4206 Gallatin PikeNashville, TN 37216

www.ibma.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.72x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.54x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$26,250

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-18%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-11%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$935,580

Down $209,782 (-18%) from 2023

Liabilities

Up

$673,668

Up $162,367 (+32%) from 2023

Net Assets

Down

$261,912

Down $372,149 (-59%) from 2023

Revenue

Down

$1,255,021

Down $150,938 (-11%) from 2023

Expenses

Up

$1,575,954

Up $96,660 (+6.5%) from 2023

Net Income

Down

-$320,933

Down $247,598 (-338%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $179,618Liabilities 2011: $02011Assets 2012: $178,386Liabilities 2012: $02012Assets 2018: $612,178Liabilities 2018: $516,234Net Assets 2018: $95,9442018Assets 2019: $602,269Liabilities 2019: $449,021Net Assets 2019: $153,2482019Assets 2020: $473,676Liabilities 2020: $291,120Net Assets 2020: $182,5562020Assets 2021: $1,012,739Liabilities 2021: $587,534Net Assets 2021: $425,2052021Assets 2022: $1,219,918Liabilities 2022: $489,123Net Assets 2022: $730,7952022Assets 2023: $1,145,362Liabilities 2023: $511,301Net Assets 2023: $634,0612023Assets 2024: $935,580Liabilities 2024: $673,668Net Assets 2024: $261,9122024

Highlighted filing

2024

Assets$935,580
Liabilities$673,668
Net Assets$261,912

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $24,660Expenses 2011: $34,321Net Income 2011: -$9,6612011Revenue 2012: $15,663Expenses 2012: $16,368Net Income 2012: -$7052012Revenue 2018: $106,634Expenses 2018: $464,243Net Income 2018: -$357,6092018Revenue 2019: $1,470,911Expenses 2019: $1,460,148Net Income 2019: $10,7632019Revenue 2020: $1,482,476Expenses 2020: $1,362,774Net Income 2020: $119,7022020Revenue 2021: $892,850Expenses 2021: $728,950Net Income 2021: $163,9002021Revenue 2022: $1,560,553Expenses 2022: $1,254,880Net Income 2022: $305,6732022Revenue 2023: $1,405,959Expenses 2023: $1,479,294Net Income 2023: -$73,3352023Revenue 2024: $1,255,021Expenses 2024: $1,575,954Net Income 2024: -$320,9332024

Highlighted filing

2024

Revenue$1,255,021
Expenses$1,575,954
Net Income-$320,933

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$1,277,038
Mission and Program Overview

Mission

Working together for high standards of professionalism, a greater appreciation for our music and the success of the worldwide bluegrass community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$996,247$674,263▼ $321,984
Cash and Non-Interest-Bearing Accounts$77,050$122,650▲ $45,600
Intangible Assets-$65,260-
Accounts Receivable$39,790$33,850▼ $5,940
Prepaid Expenses and Deferred Charges$32,275$31,171▼ $1,104
Land, Buildings, and Equipment, Net$0$5,491▲ $5,491
Total Assets$1,145,362$935,580▼ $209,782
Other Assets Total$0$2,895▲ $2,895
Liabilities
Deferred Revenue$341,751$424,321▲ $82,570
Mortgage Notes Payable Secured by Investment Property$150,000$191,003▲ $41,003
Accounts Payable and Accrued Expenses$19,550$58,344▲ $38,794
Total Liabilities$511,301$673,668▲ $162,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$634,061$261,912▼ $372,149
Total Net Assets Fund Balance$634,061$261,912▼ $372,149
Total Liabilities and Net Assets / Fund Balance$1,145,362$935,580▼ $209,782

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,491$81,682$87,173
Leasehold Improvements$0$1,122$1,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ken WhiteExecutive DirectorFT$26,250$26,250

Board Members and Trustees

NameTitle
Adam EngelhardtChair/president
Anna FrickVice-chair
Andrea RobertsDirector
Annie SavageDirector
Ariel RosembergDirector
Ashley MoyerDirector
Ben WrightDirector
Brad KolodnerDirector
Carolyn HotteDirector
Christine FunkDirector
Christopher Howard-williamsDirector
Cj LewandowskiDirector
Darin AldridgeDirector
Deanie RichardsonDirector
Jerry SalleyDirector
Mike SimpsonDirector
Joe NewberryExecutive Committee Member
Michael KaizSecretary
Paul J SchimingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$405,725
Program Service Revenue
$793,818
Investment Income
$23,016
Other Revenue
$32,462
All Other Contributions
$182,147
Change in Net Assets
$-320,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,243,145
Salaries, Compensation, and Employee Benefits$330,309
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$547,989$33,618-$581,607
Other Salaries and Wages$140,944$63,322-$204,266
All Other Expenses$116,674$40,605-$157,279
Current Officers, Directors, Trustees, and Key Employees$45,675$33,075-$78,750
Travel$35,627$32,364-$67,991
Occupancy-$64,652-$64,652
Other Expenses$49,994$75,155-$49,994
Fees for Services Accounting$900$39,250-$40,150
Other Employee Benefits$16,289$7,318-$23,607
Payroll Taxes$13,825$7,141-$20,966
Office Expenses$4,155$12,276-$16,431
Advertising$3,337$2,249-$5,586
Insurance-$4,937-$4,937
Pension Plan Contributions$1,877$843-$2,720
Grants to Domestic Orgs$2,500--$2,500
Conferences and Meetings-$2,225-$2,225
Fees for Services Legal-$219-$219
Total Functional Expenses$1,156,705$419,249$0$1,575,954
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the return is provided to the executive director for review. The executive director then gives a copy of the return to the board for review.

Form 990, Part VI, Section B, Line 12C

Ibma orients board members to the policy and if a conflict of interest arises, the issue is investigated by the board chair and/or the executive committee. Solutions range from asking the person with the conflict to excuse him/herself from involvement in related decisions or to resign from the body with authority over the issue at hand.

Form 990, Part VI, Section B, Line 15

The board involves independent sources to factor in salaries and benefit packages for similar positions with similar organizations along with the evaluation of the executive director and other key employees when making decisions on compensation. This information and deliberation thereof is documented.

Form 990, Part VI, Section C, Line 19

The organization makes the governing documents and conflict of interest policy available through its website. Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
International Bluegrass Music
EIN
38-3764317
Phone
6152563222
Address
4206 GALLATIN PIKE, NASHVILLE, TN 37216

Signing Officer

Name
Ken White
Title
Executive Director
Phone
6152563222
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken White
Formed
2007
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
7
Volunteers
0

Preparer

Firm
Riney Hancock Cpas Psc
Address
2900 VEACH ROAD SUITE 2, OWENSBORO, KY 42303
Preparer
Scott L Clay CPA
Phone
2709264540
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Talent fees: program service expenses 162,589. Management and general expenses 0. Fundraising expenses 0. Total expenses 162,589. Security: program service expenses 28,757. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,757. Sound: program service expenses 149,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 149,068. Production: program service expenses 83,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,603. Contract labor: program service expenses 900. Management and general expenses 33,618. Fundraising expenses 0. Total expenses 34,518. Event labor: program service expenses 91,117. Management and general expenses 0. Fundraising expenses 0. Total expenses 91,117. Ticketing services: program service expenses 31,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,955.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR
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IRS990/FormationYr02007
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0WORKING TOGETHER FOR HIGH STANDARDS OF PROFESSIONALISM, A GREATER APPRECIATION FOR OUR MUSIC AND THE SUCCESS OF THE WORLDWIDE BLUEGRASS COMMUNITY.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OtherExpensesGrp/Desc1FOOD & BEVERAGE
IRS990/OtherExpensesGrp/Desc2SERVICE CHARGES
IRS990/OtherExpensesGrp/Desc3DECORATIONS
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IRS990/ProgramServiceRevenueGrp/Desc0TRADE SHOW
IRS990/ProgramServiceRevenueGrp/Desc1FANFEST
IRS990/ProgramServiceRevenueGrp/Desc2AWARDS SHOW
IRS990/ProgramServiceRevenueGrp/Desc3LEADERSHIP BLUEGRASS
IRS990/ProgramServiceRevenueGrp/Desc4EVENT REVENUE:ADVERTIS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1277761
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2123477
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4500
IRS990/ProgSrvcAccomActy2Grp/Desc0IBMA BLUEGRASS LIVE! - MUSICIANS DONATE THEIR TIME AND TALENT TO PROMOTE BLUEGRASS MUSIC TO THE PUBLIC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0418285
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0277761
IRS990/ProgSrvcAccomActy3Grp/Desc0AWARDS SHOW - PROVIDES AN OPPORTUNITY FOR THE ORGANIZATION TO RECOGNIZE THOSE INDIVIDUALS IN THE INDUSTRY WHO HAVE SUCCESSFULLY PROMOTED BLUEGRASS MUSIC.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0250166
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0123477
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEADERSHIP BLUEGRASS - LEADERSHIP BLUEGRASS PROVIDES AN OPPORTUNITY FOR LEADERS IN OUR INDUSTRY TO COME TOGETHER TO LEARN MORE ABOUT THE ORGANIZATION, DISCUSS ISSUES AFFECTING THE INDUSTRY AND PLANS TO MOVE THE INDUSTRY FORWARD.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1MERCHANDISE NET INCOME
IRS990/ProgSrvcAccomActyOtherGrp/Desc2MISCELLANEOUS INCOME AND EXPENSES RELATED TO EXEMPT-FUNCTION
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt15897
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt02500
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt216754
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0373675
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0996247

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