Overview
What is International Bluegrass Music Association Inc?
The International Bluegrass Music Association Inc, located at 4206 Gallatin Pike, Nashville, TN 37216, is a nonprofit organization dedicated to fostering professionalism within the bluegrass music industry. Their primary objective is to promote a deeper appreciation for bluegrass music and contribute to the prosperity of the global bluegrass community. They accomplish this by organizing events where industry professionals can connect, discuss industry-related matters, and offer opportunities for emerging musicians to network. With a workforce of six individuals, the International Bluegrass Music Association Inc plays a crucial role in upholding high standards and promoting the growth of bluegrass music.
Official website here: www.ibma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
The International Bluegrass Music Association Inc has received an 81% score from Charity Navigator, equivalent to a Three-Star rating. This score reflects strong accountability and finance practices, which are crucial for transparency in nonprofit organizations. Their rating is based solely on a single beacon score, indicating a focus on their financial management and governance structures.
Strengths of the organization include having a fully independent board of directors, with all 17 members meeting the criteria for independence. They also show no material diversion of assets and maintain comprehensive policies regarding conflicts of interest and whistleblower protections. Additionally, their program expense ratio of 74.05% signifies a commitment to allocating funds directly toward their mission-related programs.
While the organization exhibits strong governance and financial management practices, the single beacon score approach might limit a more comprehensive evaluation of other operational aspects. Nonetheless, their solid financial ratios and documented policies suggest that they are well-managed and committed to their accountability obligations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about International Bluegrass Music Association Inc?
92% of 215 reviewers on Facebook recommend the International Bluegrass Music Association Inc. Here is a summary of their reviews:
Many participants express a deep appreciation for bluegrass music, describing it as a heartfelt genre that connects with the human experience. The reviews highlight the association's commitment to promoting and preserving bluegrass traditions, indicating that constituents value its efforts in fostering a community around this music style.
Overall, supporters feel that the organization plays a crucial role in celebrating and sharing the essence of bluegrass music, which resonates strongly with individuals who cherish its cultural significance.
This AI summary has been generated from reviews found on Facebook.
Is International Bluegrass Music Association Inc legitimate?
International Bluegrass Music Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Bluegrass Music Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $118,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,403
For more financial information, click here
Official website here: www.ibma.org
What is the mission statement of International Bluegrass Music Association Inc?
The International Bluegrass Music Association Inc has a mission to foster professionalism within the bluegrass community, enhance the appreciation for this music genre, and contribute to its global success. They achieve this by promoting high standards, advocating for the music, and providing opportunities for industry professionals and emerging artists to connect. Their activities include hosting a trade show, which serves as a platform for addressing industry-related issues and enabling new musicians to network within the industry, ultimately promoting bluegrass music.
Official website here: www.ibma.org
Who is the CEO of International Bluegrass Music Association Inc?
Ken White is the Chair/President of International Bluegrass Music Association Inc.
Official website here: www.ibma.org
What is the revenue of International Bluegrass Music Association Inc?
International Bluegrass Music Association Inc's revenue in 2023 was $1,405,959.
Official website here: www.ibma.org
Who are the executives of International Bluegrass Music Association Inc and what are their salaries?
The average compensation at International Bluegrass Music Association Inc during 2023 was $46,943. There are 6 employees at International Bluegrass Music Association Inc.
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- Compensation: $86,709
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- Other: $13,008
Official website here: www.ibma.org
Where can I find the form 990 for International Bluegrass Music Association Inc?
International Bluegrass Music Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ibma.org
Learn more at the official website: www.ibma.org
Mission Statement of International Bluegrass Music Association Inc
The International Bluegrass Music Association Inc is committed to fostering a sense of professionalism and unity within the global bluegrass community. Their primary mission is to elevate the appreciation for this unique music genre and contribute to its overall success. To achieve this, the organization engages in various initiatives, one of which is hosting a trade show. This event serves as a platform for industry professionals to engage in discussions, addressing concerns and opportunities that impact the industry. The trade show also provides a valuable opportunity for emerging musicians to connect with established figures within the bluegrass community, thereby promoting the genre and its talent.
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Impact
July, 2024
The International Bluegrass Music Association Inc plays a crucial role in promoting high standards of professionalism, cultivating a deeper appreciation for bluegrass music, and fostering the success of the global bluegrass community. Through initiatives like trade shows and programs that facilitate industry networking and discussion, the association not only advances the interests of professionals within the industry but also provides valuable opportunities for emerging musicians to connect and collaborate. By championing the growth and recognition of bluegrass music, the association contributes significantly to the preservation and evolution of this beloved musical genre.
This information is meant to be a general summary of International Bluegrass Music Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,078
- Program Service Revenue: $687,645
- Gross Receipts: $1,421,304
Assets and Liabilities:
- Total Assets: $1,145,362
- Total Liabilities: $511,301
- Net Assets: $634,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FANFEST
Revenue
$296,958
TRADE SHOW
Revenue
$281,341
AWARDS SHOW
Revenue
$93,571
LEADERSHIP BLUEGRASS
Revenue
$14,775
EVENT REVENUE:ADVERTIS
Revenue
$1,000
Organization Details
Founding Year
2007
Phone
(615) 256-3222Principal Officer
Ken White
Main Address
4206 GALLATIN PIKE, NASHVILLE, TN, 37216
Website
www.ibma.orgNTEE Category
Code: T20 - Philanthropy
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