Overview
What is National Academy Of Recording Arts & Sciences Inc?
The National Academy of Recording Arts and Sciences Inc, also known as The Recording Academy, is a Santa Monica, California-based nonprofit organization with a mission to champion the arts and sciences of recording and foster creative leadership. Established at 3030 Olympic Boulevard, this prestigious institution is renowned for producing the Grammy Awards – the only peer-presented accolade honoring artistic achievement, technical proficiency, and excellence in the recording industry, disregarding album sales or chart positions. The organization's primary activity revolves around recognizing outstanding creative and technical achievements in the recording arts through its annual Grammy Awards presentations. The National Academy of Recording Arts and Sciences employs a team of 214 individuals dedicated to advancing the arts and sciences of recording for artistic, cultural, educational, and technical progress in the recording field.
Official website here: www.grammy.com
Is National Academy Of Recording Arts & Sciences Inc legitimate?
National Academy Of Recording Arts & Sciences Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Academy Of Recording Arts & Sciences 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: $3,943,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,061,834
For more financial information, click here
Official website here: www.grammy.com
What is the mission statement of National Academy Of Recording Arts & Sciences Inc?
The National Academy of Recording Arts and Sciences Inc is dedicated to advancing the arts and sciences of recording and promoting creative leadership within the industry. By recognizing outstanding achievements in the recording arts, the organization fosters artistic, cultural, educational, and technical progress in the field. The Annual Grammy Awards serve as a primary activity for acknowledging deserving individuals based on their peers' evaluations. The mission of the Recording Academy is to continually shape the future of music and recording arts. The organization's commitment extends beyond awards, as it also supports various initiatives for the betterment of the recording community.
Official website here: www.grammy.com
Who is the CEO of National Academy Of Recording Arts & Sciences Inc?
Harvey Mason Jr is the CEO of National Academy Of Recording Arts & Sciences Inc The CEO's salary of National Academy Of Recording Arts & Sciences Inc is $1,350,633 and their total compensation is $1,350,633.
Official website here: www.grammy.com
What is the revenue of National Academy Of Recording Arts & Sciences Inc?
National Academy Of Recording Arts & Sciences Inc's revenue in 2023 was $90,864,636.
Official website here: www.grammy.com
Who are the executives of National Academy Of Recording Arts & Sciences Inc and what are their salaries?
The average compensation at National Academy Of Recording Arts & Sciences Inc during 2023 was $101,794. There are 226 employees and 500 volunteers at National Academy Of Recording Arts & Sciences Inc.
Here are 65 key members and their salaries (National Academy Of Recording Arts & Sciences Inc's CEO's salary is $1,350,633 and their total compensation is $1,350,633):
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Official website here: www.grammy.com
Where can I find the form 990 for National Academy Of Recording Arts & Sciences Inc?
National Academy Of Recording Arts & Sciences Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.grammy.com
Learn more at the official website: www.grammy.com
Mission Statement of National Academy Of Recording Arts & Sciences Inc
The National Academy of Recording Arts and Sciences Inc, a renowned organization, is dedicated to advancing the arts and sciences of recording and nurturing creative leadership. Established with a vision to promote artistic, cultural, educational, and technical progress in the recording field, the Academy achieves this mission through various means.
Central to the Academy's objectives is the recognition of outstanding creative and technical achievements in the recording arts. Annual presentations of the prestigious Grammy Awards serve as a testament to this commitment. These awards, bestowed upon deserving recipients by their peers, celebrate the pinnacle of excellence and innovation in the music industry.
The National Academy of Recording Arts and Sciences Inc believes in fostering creative leadership, an essential ingredient for artistic growth and progress. Through its primary activity, the Academy aims to set the standard for excellence in the recording arts and inspire future generations. Ultimately, the organization's mission is to champion the creative artists and technical innovators who shape the musical landscape, ensuring their contributions are celebrated and revered for years to come.
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Impact
October, 2024
The National Academy of Recording Arts & Sciences Inc significantly impacts the music industry by advancing the arts and sciences of recording. Through the prestigious GRAMMY Awards, it recognizes outstanding artistic and technical achievements, fostering a sense of community and excellence among artists, producers, and engineers. This peer-presented award system emphasizes merit over commercial success, allowing true artistry to be celebrated.
In addition to the GRAMMYs, the Academy promotes creative leadership and educational initiatives that contribute to the cultural and technical progress within the recording field. By prioritizing artistic and technical innovation, it inspires the next generation of musicians and industry professionals, ensuring the continued growth and evolution of music as an art form.
Located in Santa Monica, California, the Academy plays a vital role in advocating for the rights and recognition of recording artists, enhancing the overall landscape of the music industry. Its efforts help to maintain a vibrant cultural environment, ensure fairness and integrity in artistic recognition, and promote a deep appreciation for the craft of recording.
This information is meant to be a general summary of National Academy Of Recording Arts & Sciences 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: $6,508,026
- Program Service Revenue: $82,778,296
- Gross Receipts: $111,700,023
Assets and Liabilities:
- Total Assets: $126,130,993
- Total Liabilities: $27,660,195
- Net Assets: $98,470,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TELECAST EVENT INCOME
Revenue
$57,485,792
SPONSORSHIP INCOME
Revenue
$13,025,776
GRAMMY TICKET SALES
Revenue
$11,164,242
NARAS RELATED EVENTS
Revenue
$723,444
PUBLICATION INCOME
Revenue
$379,042
Organization Details
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