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Source Nashville INC FY2022 filing

Not tax-deductible

Nashville, TN501(c)(6)Since 2005Community Development EIN 30-0720043Revenue $78K in FY2022

On file with the IRSsourcenashville.orgPo Box 22359, 37202-2359 · Nashville, TNTax-exempt since Jul 2013

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Source, INC. Is an organization seeking to unify women executives and professionals that work in all facets of the Nashville music industry. Although its specific goals remain flexible to meet the changing needs and interests of its memberships, its broad purposes are to provide a Source of information useful to its members' needs and to provide a Source of industry-related education.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $5K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$78K
×13 vs prior year
Spent
$107K
To programs
96%
Net assets
$108K
By yearFY2020–FY2025
Revenue
$78K
FY2022▲ ×13
Tap a bar for its year
Revenue by fiscal year
FY2020$11K
FY2021−$7K
FY2022$78K
FY2023$111K
FY2024$115K
FY2025$132K
Expenses
$107K
FY2022▲ ×19
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$6K
FY2022$107K
FY2023$115K
FY2024$115K
FY2025$122K
Net assets
$108K
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$149K
FY2021$136K
FY2022$108K
FY2023$104K
FY2024$103K
FY2025$114K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $102K Management & general 4% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Tamar Rand
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tracie Hitz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mallory Mason
President
$0Pt VII · Sec A
Erica Rosa
Director
$0Pt VII · Sec A
See Source Nashville INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Unites women executives and professionals in the Nashville music industry.

Questions for Source Nashville INC

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Provided by the organization

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2 programs · $102K · in their own filed words · FY2022
01

The source awards is an annual celebration honoring women in the music business. In addition to selling tickets to the awards, source sells sponsorships and publishes a program book.

$93Kprogram expense
02

Monthly lunch programs are designed and presented by source members addressing topical music industry and non-music industry related issues with invitations extended to numerous and various music industry leaders as well as leaders from non-music related industries that share their knowledge and insights with the source membership.

$9Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$78K
Ln 12
Fees for servicesLn 2g$78K
Investment incomeLn 3$4
Money outPt IX
$107K
Ln 25
Programscol B$102K
Managementcol C$5K
Owns and owesPt X
$108K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$108K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$78K
Investment incomeLn 3$4
Total revenueLn 12$78K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$17K
Cash and savings togetherLn 1–2$58K
Other assetsLn 15$50K
Total assetsLn 16$108K
LiabilitiesLn 26$0
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$87K$58K
Total assetsLn 16$136K$108K
LiabilitiesLn 26$0$0
Net assetsLn 32$136K$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$515$515
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$93K$93K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$107K$102K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $132K$122K$11K$114K 990 PDF
FY2024 $115K$115K−$678$103K 990 PDF
FY2023 $111K$115K−$4K$104K 990 PDF
FY2022 Viewing $78K$107K−$29K$108K 990 PDF
FY2021 −$7K$6K−$13K$136K 990 PDF
FY2020 $11K$6K$6K$149K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $78,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,221$78,290
I-10 Investment incomePrior year $6$4
I-11 Other revenuePrior year −$11,450$0
I-12 Total revenuePrior year −$7,223$78,294
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,744$106,978
I-18 Total expensesPrior year $5,744$106,978
I-19 Revenue less expensesPrior year −$12,967−$28,684
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $78,294 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $78,290$78,290
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $78,290 · Unrelated business $0 · Excluded from tax $4$78,294
Part IX · Statement of functional expenses $106,978 across 5 lines filed
IX-11c Accounting feesManagement $515$515
IX-19 Conferences, conventions and meetingsPrograms $6,190$6,190
IX-23 InsuranceManagement $4,278$4,278
IX-24 Other expenses (24a–d)Programs $93,235$93,235
IX-24e All other expensesPrograms $2,760$2,760
IX-25 Total functional expensesPrograms $102,185 · Management $4,793 · Fundraising $0$106,978
Part X · Balance sheet $107,645 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $36,662$40,974
X-2 Savings and temporary cash investmentsStart of year $50,013$17,017
X-15 Other assetsStart of year $49,654$49,654
X-16 Total assetsStart of year $136,329$107,645
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $136,329$107,645
X-33 Total liabilities and net assetsStart of year $136,329$107,645
Part XI · Reconciliation of net assets $107,645 net assets at year end
XI-1 Total revenue$78,294
XI-2 Total expenses$106,978
XI-3 Revenue less expenses−$28,684
XI-4 Net assets at start of year$136,329
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$107,645

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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