Liabilities / Assets
30th percentile
Higher debt load relative to assets than 30% of similar nonprofits.
EIN 61-1229037 • 501(c)3 • Owensboro, KY
Profile
To provide museum tours to the general public which allows visitors to view bluegrass memorabilia, to educate the public on the history of bluegrass music, to provide music programs to educate and entertain, to build new audiences for bluegrass music, to enhance the image of bluegrass music and spur its growth.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
30th percentile
Higher debt load relative to assets than 30% of similar nonprofits.
Liabilities / Revenue
35th percentile
Higher debt load relative to revenue than 35% of similar nonprofits.
Net Margin
22nd percentile
Higher net margin than 22% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Assets
Down$9,246,137
Down $350,670 (-3.7%) from 2023
Liabilities
Down$279,055
Down $165,942 (-37%) from 2023
Net Assets
Down$8,967,082
Down $184,728 (-2.0%) from 2023
Revenue
Up$3,463,092
Up $240,132 (+7.5%) from 2023
Expenses
Up$3,731,392
Up $425,221 (+13%) from 2023
Net Income
Down-$268,300
Down $185,089 (-222%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To provide museuem tours to the general public which allows visitors to view bluegrass memorabilia, to educate the public on the history of bluegrass music, to provide music programs to educate and entertain, to build new audiences for bluegrass music, to enhance the image of bluegrass music and spur its growth.
To provide museum tours to the general public which allows visitors to view Bluegrass memorbilia; To educate the public on the history of Bluegrass music; to provide music programs to educate and entertain; to build new audiences for Bluegrass music; and to enhance the image of Bluegrass music and spur its growth.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $6,357,239 | $5,852,452 | ▼ $504,787 |
| Cash and Non-Interest-Bearing Accounts | $1,048,563 | $1,094,866 | ▲ $46,303 |
| Land, Buildings, and Equipment, Net | $936,928 | $896,727 | ▼ $40,201 |
| Investments Program Related | $757,158 | $845,614 | ▲ $88,456 |
| Intangible Assets | $417,586 | $417,586 | → $0 |
| Inventories for Sale or Use | $52,358 | $95,892 | ▲ $43,534 |
| Accounts Receivable | $26,974 | $43,000 | ▲ $16,026 |
| Total Assets | $9,596,806 | $9,246,137 | ▼ $350,669 |
| Liabilities | |||
| Deferred Revenue | $137,235 | $213,551 | ▲ $76,316 |
| Accounts Payable and Accrued Expenses | $306,048 | $63,897 | ▼ $242,151 |
| Other Liabilities | $1,713 | $1,607 | ▼ $106 |
| Total Liabilities | $444,996 | $279,055 | ▼ $165,941 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $7,114,397 | $7,198,066 | ▲ $83,669 |
| Net Assets Without Donor Restrictions | $2,037,413 | $1,769,016 | ▼ $268,397 |
| Total Net Assets Fund Balance | $9,151,810 | $8,967,082 | ▼ $184,728 |
| Total Liabilities and Net Assets / Fund Balance | $9,596,806 | $9,246,137 | ▼ $350,669 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $722,211 | $593,081 | $1,315,292 |
| Buildings | $174,516 | $34,368 | $208,884 |
| Investment Program Related Org | $845,614 | - | - |
| Name | Title |
|---|---|
| Kyle Cantrell | Chair |
| Phil Clark | Former Chair / Asst Treasurer |
| Candy Englebert | Vice Chair |
| Ben Clark | Trustee |
| Buzz Backstrom | Trustee |
| Dudley Connell | Trustee |
| Emily Woosley | Trustee |
| Jana Mougin | Trustee |
| Jen Larson | Trustee |
| Jon Lawson | Trustee |
| Ken White | Trustee |
| Ronnie Reno | Trustee |
| Tom Watson | Trustee |
| Ross Leazenby | Trustee Emeritus |
| Kathryn Raymer | Secretary |
| Terry Woodward | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,017,381 |
| Salaries, Compensation, and Employee Benefits | $714,011 |
| Total Fundraising Expense | $23,236 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $745,585 | $72,316 | - | $817,901 |
| Other Salaries and Wages | $561,853 | $99,151 | - | $661,004 |
| Other Expenses | $253,048 | - | $23,236 | $276,284 |
| Fees for Services Other | - | $139,487 | - | $139,487 |
| Advertising | $129,337 | - | - | $129,337 |
| Depreciation Depletion | $103,019 | - | - | $103,019 |
| Travel | $99,214 | - | - | $99,214 |
| Office Expenses | $58,637 | $19,546 | - | $78,183 |
| Payroll Taxes | $39,755 | $13,252 | - | $53,007 |
| Insurance | $51,042 | - | - | $51,042 |
| Interest | $1,264 | - | - | $1,264 |
| Total Functional Expenses | $3,364,404 | $343,752 | $23,236 | $3,731,392 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Other Liabilities | $1,607 |
“No review was or will be conducted.”
“It is the Organization's policy to make its governing documents, conflict of interest policy, and financial statements available only upon request.”
“Production and Related: Program service expenses 255,402. Management and general expenses 0. Fundraising expenses 0. Total expenses 255,402. Repairs and Maintenance: Program service expenses 96,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 96,276. Contract Labor: Program service expenses 89,977. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,977. Marketing: Program service expenses 72,303. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,303. Exhibit Supplies: Program service expenses 68,262. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,262. Merchandise: Program service expenses 66,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 66,586. Bank Charges: Program service expenses 0. Management and general expenses 64,689. Fundraising expenses 0. Total expenses 64,689. Utilities: Program service expenses 41,531. Management and general expenses 3,126. Fundraising expenses 0. Total expenses 44,657. Tax and Licenses: Program service expenses 26,185. Management and general expenses 885. Fundraising expenses 0. Total expenses 27,070. Computer & Website: Program service expenses 23,254. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,254. Postage: Program service expenses 5,809. Management and general expenses 1,936. Fundraising expenses 0. Total expenses 7,745. Provision for Uncollectible Promises to Give: Program service expenses 0. Management and general expenses 1,680. Fundraising expenses 0. Total expenses 1,680.”
“Exhibits are displayed throughout various areas of the museum to further the Organization's mission of educating the public on the history of bluegrass music.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | To provide museum tours to the general public which allows visitors to view Bluegrass memorbilia; To educate the public on the history of Bluegrass music; to provide music programs to educate and entertain; to build new audiences for Bluegrass music; and to enhance the image of Bluegrass music and spur its growth. |
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| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 137235 |
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| IRS990/Desc | 0 | River of Music Party (ROMP): This is an annual festival with high-level international acts. We provide free tickets to indigent families, hospice patients, residents of nursing homes and assisted living facilities, and students of all ages who performed on the main stage at ROMP. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Chair |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Trustee |
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| IRS990/InsuranceGrp/TotalAmt | 0 | 51042 |
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| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 95892 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 36904 |
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| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 627449 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 936928 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 896727 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1524176 |
| IRS990/LegalDomicileStateCd | 0 | KY |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 12205 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | None |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 9151810 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 8967082 |
| IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1057650 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 1057650 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 228762 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 228762 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 83572 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2037413 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1769016 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 19546 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 58637 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 78183 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Rental |
| IRS990/OtherExpensesGrp/Desc | 1 | Performance |
| IRS990/OtherExpensesGrp/Desc | 2 | Artist Fees |
| IRS990/OtherExpensesGrp/Desc | 3 | Miscellaneous |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 23236 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 505315 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 426166 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 390169 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 253048 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 505315 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 426166 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 390169 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 276284 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1713 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1607 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 711190 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC REVENUE |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5470 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 5470 |
| IRS990/OtherRevenueTotalAmt | 0 | 5470 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 99151 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 561853 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 661004 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 6357239 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 5852452 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 13252 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 39755 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 53007 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Adam Engelhardt |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 459420 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 711190 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 711190 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 513120 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Gift Shop & Concession Sales |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Admissions |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Sponsors |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Subscriptions |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 390932 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 367259 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 341000 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 80382 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 390932 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 367259 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 341000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 80382 |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | Various Expenses |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 0 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 0 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 0 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 0 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -268300 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 228762 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 1999390 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 954733 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 556845 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1380907 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 826480 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 209951 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 3928916 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 4726147 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 3928916 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 954733 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 556845 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1380907 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 826480 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 209951 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 3928916 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 3928916 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 174516 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 34368 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 208884 |
| IRS990ScheduleD/CollectionUsedPubExhibitionInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 845614 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | Investments |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 722211 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 593081 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1315292 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1607 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | OTHER LIABILITIES |
| IRS990ScheduleD/SolicitedAssetsSaleInd | 0 | 0 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Exhibits are displayed throughout various areas of the museum to further the Organization's mission of educating the public on the history of bluegrass music. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part III, Line 4: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 896727 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 845614 |
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