Civic Intelligence

Music Business Association

EIN 53-0260356 • 501(c)6 • Nashville, TN

View Organization Page

Profile

Trade organization music business does research, holds seminars and has a convention each year for their members

2133 Belcourt AvenueNashville, TN 37212

www.musicbiz.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

28th percentile

0.04x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

23rd percentile

-3.8%

Higher net margin than 23% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

94th percentile

$391,313

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

20th percentile

-5.7%

Faster asset growth than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

13th percentile

-12%

Faster revenue growth than 13% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$2,516,142

Down $151,378 (-5.7%) from 2024

Liabilities

Down

$93,354

Down $52,161 (-36%) from 2024

Net Assets

Down

$2,422,788

Down $99,217 (-3.9%) from 2024

Operations
Liabilities / Revenue28th percentileNet Margin23rd percentile

Revenue

Down

$2,584,285

Down $342,060 (-12%) from 2024

Expenses

Up

$2,683,502

Up $254,618 (+10%) from 2024

Net Income

Down

-$99,217

Down $596,678 (-120%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,209,083Liabilities 2011: $574,731Net Assets 2011: $1,634,3522011Assets 2012: $1,913,401Liabilities 2012: $501,507Net Assets 2012: $1,411,8942012Assets 2013: $1,591,589Liabilities 2013: $522,334Net Assets 2013: $1,069,2552013Assets 2014: $1,435,704Liabilities 2014: $561,487Net Assets 2014: $874,2172014Assets 2015: $1,418,739Liabilities 2015: $554,072Net Assets 2015: $864,6672015Assets 2016: $1,376,781Liabilities 2016: $523,841Net Assets 2016: $852,9402016Assets 2017: $1,211,055Liabilities 2017: $529,664Net Assets 2017: $681,3912017Assets 2018: $1,246,713Liabilities 2018: $417,190Net Assets 2018: $829,5232018Assets 2019: $1,358,555Liabilities 2019: $431,059Net Assets 2019: $927,4962019Assets 2020: $950,641Liabilities 2020: $932,617Net Assets 2020: $18,0242020Assets 2021: $661,964Liabilities 2021: $177,900Net Assets 2021: $484,0642021Assets 2022: $1,097,249Liabilities 2022: $25,955Net Assets 2022: $1,071,2942022Assets 2023: $2,052,667Liabilities 2023: $28,123Net Assets 2023: $2,024,5442023Assets 2024: $2,667,520Liabilities 2024: $145,515Net Assets 2024: $2,522,0052024Assets 2025: $2,516,142Liabilities 2025: $93,354Net Assets 2025: $2,422,7882025

Highlighted filing

2025

Assets$2,516,142
Liabilities$93,354
Net Assets$2,422,788
Open 2025 Filing

Operations Trend

Revenue Growth13th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,350,269Expenses 2011: $1,766,550Net Income 2011: -$416,2812011Revenue 2012: $1,408,016Expenses 2012: $1,699,288Net Income 2012: -$291,2722012Revenue 2013: $1,439,670Expenses 2013: $1,782,309Net Income 2013: -$342,6392013Revenue 2014: $1,308,498Expenses 2014: $1,503,536Net Income 2014: -$195,0382014Revenue 2015: $1,465,081Expenses 2015: $1,474,631Net Income 2015: -$9,5502015Revenue 2016: $1,458,235Expenses 2016: $1,469,962Net Income 2016: -$11,7272016Revenue 2017: $1,296,105Expenses 2017: $1,467,654Net Income 2017: -$171,5492017Revenue 2018: $1,716,648Expenses 2018: $1,568,516Net Income 2018: $148,1322018Revenue 2019: $1,929,701Expenses 2019: $1,831,728Net Income 2019: $97,9732019Revenue 2020: $801,917Expenses 2020: $1,711,389Net Income 2020: -$909,4722020Revenue 2021: $1,394,029Expenses 2021: $1,208,805Net Income 2021: $185,2242021Revenue 2022: $2,472,439Expenses 2022: $1,853,409Net Income 2022: $619,0302022Revenue 2023: $3,069,550Expenses 2023: $2,116,300Net Income 2023: $953,2502023Revenue 2024: $2,926,345Expenses 2024: $2,428,884Net Income 2024: $497,4612024Revenue 2025: $2,584,285Expenses 2025: $2,683,502Net Income 2025: -$99,2172025

Highlighted filing

2025

Revenue$2,584,285
Expenses$2,683,502
Net Income-$99,217
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,516,142
Liabilities
$93,354
Net assets
$2,422,788
Revenue
$2,584,285
Expenses
$2,683,502
Net income
-$99,217
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.52$0.09$2.42$2.58$2.68$0.10
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.15$2.52$2.93$2.43$0.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.03$2.02$3.07$2.12$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.03$1.07$2.47$1.85$0.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.18$0.48$1.39$1.21$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.93$0.02$0.80$1.71$0.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.43$0.93$1.93$1.83$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.42$0.83$1.72$1.57$0.15
2017Summary only. Only limited summary data is available for this year.$1.21$0.53$0.68$1.30$1.47$0.17
2016Summary only. Only limited summary data is available for this year.$1.38$0.52$0.85$1.46$1.47$0.01
2015Summary only. Only limited summary data is available for this year.$1.42$0.55$0.86$1.47$1.47$0.01
2014Summary only. Only limited summary data is available for this year.$1.44$0.56$0.87$1.31$1.50$0.20
2013Summary only. Only limited summary data is available for this year.$1.59$0.52$1.07$1.44$1.78$0.34
2012Summary only. Only limited summary data is available for this year.$1.91$0.50$1.41$1.41$1.70$0.29
2011Summary only. Only limited summary data is available for this year.$2.21$0.57$1.63$1.35$1.77$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Jan 22, 2026
Return Version
2024v5.2
Gross Receipts
$2,584,285
Mission and Program Overview

Mission

Trade organization music business does research, holds seminars and has a convention each year for their members

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,025,732$2,087,712▲ $61,980
Prepaid Expenses and Deferred Charges$194,523$187,739▼ $6,784
Savings and Temporary Cash Investments$294,373$100,002▼ $194,371
Accounts Receivable$111,000$90,500▼ $20,500
Cash and Non-Interest-Bearing Accounts$41,892$50,189▲ $8,297
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,667,520$2,516,142▼ $151,378
Liabilities
Accounts Payable and Accrued Expenses$140,919$83,354▼ $57,565
Deferred Revenue$4,596$10,000▲ $5,404
Total Liabilities$145,515$93,354▼ $52,161
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,522,005$2,422,788▼ $99,217
Total Net Assets Fund Balance$2,522,005$2,422,788▼ $99,217
Total Liabilities and Net Assets / Fund Balance$2,667,520$2,516,142▼ $151,378

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$103,210$103,210
Equipment$0$32,715$32,715
Land$0--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Portia SabinPresidentFT$338,436$52,877$391,313
Portia Sabin--$338,436$52,876$391,312
Sonya AskewMemberships & Academic Partnerships DirectorFT$164,894$27,175$192,069
Sonya Askew--$164,894$27,175$192,069
Nicole HennesseyVP & Director of CommunicationsFT$166,376$16,888$183,264
Nicole Hennessey--$166,376$16,888$183,264
Thomas a TochiniChief of Staff & Director of EventsFT$114,202$21,350$135,552

Board Members and Trustees

NameTitle
Bea KoramblyumChair
Andreea GleesonVice Chair
Ace HarrisDirector
Andrea PascalDirector
Brian PesaturoDirector
Darin SolerDirector
Devan SchulteDirector
Elliot PetersDirector
Emilio MoralesDirector
Erin ChoiDirector
Janette BerriosDirector
Jeff StoltzDirector
Josiah AlbertsonDirector
Kelsey TubbsDirector
Laura ProvenzanoDirector
Marcel Joseph JrDirector
Mark ButterworthDirector
Megan JoyceDirector
Michael CorcoranDirector
Richard Siddall-jonesDirector
Shelly WesterhausenDirector
Tobago BenitoDirector
Tracy ChanDirector
Brandon HolmanSecretary
Alex HeicheTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$853,938
Program Service Revenue
$1,668,337
Investment Income
$62,010
Other Revenue
$0
All Other Contributions
$66,939
Change in Net Assets
$-99,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,573,501
Other Expenses$1,110,001
Total Fundraising Expense$65,058
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$687,818$0$0$687,818
Current Officers, Directors, Trustees, and Key Employees$254,488$415,218$0$669,706
Other Salaries and Wages$225,105$367,274$0$592,379
Other Employee Benefits$83,112$135,605$0$218,717
Payroll Taxes$35,226$57,473$0$92,699
Fees for Services Accounting$0$68,500$0$68,500
Advertising$0$0$65,058$65,058
Fees for Services Legal$0$63,251$0$63,251
Travel$13,154$42,094$0$55,248
Occupancy$0$33,582$0$33,582
Fees for Services Other$5,911$21,873$0$27,784
Office Expenses$0$14,462$0$14,462
Insurance$0$12,989$0$12,989
Other Expenses$0$12,801$0$12,801
All Other Expenses$0$5,255$0$5,255
Total Functional Expenses$1,333,325$1,285,119$65,058$2,683,502
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
Music Business Association
EIN
53-0260356
Phone
3602597696
Address
2133 BELCOURT AVENUE, NASHVILLE, TN 37212

Signing Officer

Name
Portia Sabin
Title
President
Phone
3602597696
Signed
2026-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Portia Sabin
Formed
1958
Legal Domicile
Tn
Voting Board Members
25
Independent Board Members
25
Employees
10
Volunteers
10

Preparer

Firm
Ruotolo Spewak & Co
Address
101 CHESTNUT AVE, MOUNT LAUREL, NJ 08054
Preparer
Dustin B Ward CPA Mba
Phone
8562731282
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The board reviews the 990 tax return for approval.”

Pt VI, Line 15B

“The board reviews and approves the salary for portia sabin.”

Pt VI, Line 15A

“The board reviews and approves the salary for all other employees.”

Raw XML AppendixShowing 400 of 614 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TRADE ORGANIZATION MUSIC BUSINESS DOES RESEARCH, HOLDS SEMINARS AND HAS A CONVENTION EACH YEAR FOR THEIR MEMBERS
IRS990/AdvertisingGrp/FundraisingAmt065058
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IRS990/BooksInCareOfDetail/PhoneNum03602597696
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IRS990/Desc0THE TRADE ASSOCIATION FOR THE BUSINESS OF MUSIC, PROVIDING THE CENTRAL PLATFORM FOR THE DISCUSSION OF INDUSTRY-WIDE CONCERNS, SPEARHEADING THE IMPLEMENTATION OF INITIATIVES TO PROMOTE MUSIC COMMERCE, AND ADVOCATING FOR COMMON INTERESTS. MEMBERS INCLUDE COMPANIES AND INDIVIDUALS FROM ALL ASPECTS OF MUSIC DISTRIBUTION INCLUDING PHYSICAL, DIGITAL, AND MOBILE OUTLETS AS WELL AS GAMING, APPLICATIONS, MERCHANDISE, VIDEO AND MORE. NARM MEMBERS HAVE ACCESS TO A VARIETY OF CONFERENCES, VIRTUAL SEMINARS, NETWORKING OPPORTUNITIES, INFORMATION AND EDUCATION RESOURCES.
IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt010
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