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Nonprofit · EIN 82-4785593

IBMA FOUNDATION INC

Tax-exempt · BURLINGTON, NC 27215

Financials

$127K$124K2022$227K$119K2024
Revenue Expenses · by fiscal year end
Financials of IBMA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$226,880$118,848$108,032$644,326$0$644,326
June 30, 2023990$127,048$124,084$2,964$437,779$0$437,779
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$192,743
of which government grants
$2,007
Program service revenue
$398
Investment income
$29,634
Net gain from sales of assets
$20,967
Net income from gaming
$4,040
Other revenue
$4,105

Expenses

Grants and similar amounts paid
$59,928
Compensation of officers, directors and key employees
$27,366
Salaries, compensation and benefits (total)
$27,366
Professional fundraising fees
$0
Accounting fees
$8,143
Travel
$3,970
Program services (functional)
$70,192
Management and general (functional)
$33,346
Fundraising (functional)
$15,310

Balance sheet and other

Total assets, start of year
$512,987
Total assets, end of year
$644,326
Total liabilities, end of year
$0
Net assets, end of year
$644,326
Publicly traded securities
$539,431
Net assets without donor restrictions
$226,564
Net assets with donor restrictions
$417,762
Gross receipts
$233,526
Employees
0
Volunteers
42
Year formed
2017
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
NANCY CARDWELLEXECUTIVE DIRECTOR
Officer
15$25,617
TRISHA TUBBSPRESIDENT/CHAIR
Trustee or director, Officer
5$0
ALAN TOMPKINSVICE-CHAIR
Trustee or director, Officer
1$0
RUTH MCLAINSECRETARY
Trustee or director, Officer
1$0
WENDY TYNERTREASURER
Trustee or director, Officer
3$0
KISSY BLACKDIRECTOR
Trustee or director
1$0
SAM BLUMENTHALDIRECTOR
Trustee or director
1$0
RICHARD BROWNDIRECTOR
Trustee or director
1$0
BECKY BULLERDIRECTOR
Trustee or director
1$0
LAURIE GREENBERGDIRECTOR
Trustee or director
1$0
MICHAEL HALLDIRECTOR
Trustee or director
1$0
PETER SALOVEYDIRECTOR
Trustee or director
1$0
MONA SALYERDIRECTOR
Trustee or director
1$0
MARK SCHUSTERDIRECTOR
Trustee or director
1$0
LILLIAN WERBINDIRECTOR
Trustee or director
1$0
2 more people on this return
NameTitleHours / weekCompensation
JOHN YOUNGDIRECTOR
Trustee or director
1$0
KEN WHITEEX-OFFICIO
Trustee or director
1$0
990 for the year ended June 30, 2023: 17 people
NameTitleHours / weekCompensation
NANCY CARDWELL WEBSTEREXECUTIVE DIRECTOR
Officer
12$20,250
FRED BARTENSTEINPRESIDENT/CHAIR
Trustee or director, Officer
5$0
ALAN TOMPKINSVICE-CHAIR
Trustee or director, Officer
1$0
RUTH MCLAINSECRETARY
Trustee or director, Officer
1$0
WENDY TYNERTREASURER
Trustee or director, Officer
3$0
KISSY BLACKDIRECTOR
Trustee or director
1$0
SAM BLUMENTHALDIRECTOR
Trustee or director
1$0
RICHARD BROWNDIRECTOR
Trustee or director
1$0
ARTHUR HANCOCK IVDIRECTOR
Trustee or director
1$0
MICHAEL HALLDIRECTOR
Trustee or director
1$0
PETER SALOVEYDIRECTOR
Trustee or director
1$0
MICHAEL WEBBDIRECTOR
Trustee or director
1$0
BECKY BULLERDIRECTOR
Trustee or director
1$0
PAUL SCHIMINGEREX-OFFICIO
Trustee or director
1$0
TRISHA TUBBSDIRECTOR
Trustee or director
1$0
LILLIAN WERBINDIRECTOR
Trustee or director
1$0
PAT MORRISEX-OFFICIO
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1183 UNIVERSITY DR STE 105 PMB 215, BURLINGTON, NC 27215-8315
Mailing address (990-N for 2017)
4206 GALLATIN PIKE, NASHVILLE TN 37216
Principal officer (990 for 2024)
TRISHA TUBBS, 2444 E JOSEPHINE VIEW DR, GREEN VALLEY, AZ 85614
Principal officer (990-N for 2017)
PAUL J SCHIMINGER, 4206 GALLATIN PIKE, NASHVILLE TN 37216
Signed the 990
TRISHA TUBBS, PRESIDENT/CHAIR
Phone
(615) 260-4807
Return prepared by
RINEY HANCOCK CPAS PSC

Mission

THE ORGANIZATION'S MISSION IS TO BUILD A BRIGHTER FUTURE FOR BLUEGRASS MUSIC AND HELP DONORS CREATE A LEGACY BY SUPPORTING PROGRAMS AND PROJECTS THAT FOCUS ON BLUEGRASS MUSIC-RELATED ARTS AND CULTURE, EDUCATION, LITERARY WORK AND HISTORIC PRESERVATION.

990 for the year ended June 30, 2025

Program accomplishments

  • AWARDED PROJECT GRANTS AND SCHOLARSHIPS FOR THE PROMOTION OF BLUEGRASS MUSIC AND SUPPORT OF VARIOUS BLUEGRASS EDUCATION PROJECTS
    Expenses $70,192 · grants $59,928 · revenue $463

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
82-4785593
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$644,326
Income (IRS master file)
$233,526

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$226,880$118,848$644,326IRS
990June 2024–––IRS
990June 2023$127,048$124,084$437,779XML
990June 2022–––IRS
990June 2021–––IRS
990-EZJune 2019–––IRS
990-N for 2017
Officer: PAUL J SCHIMINGER
June 30, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about IBMA FOUNDATION INC

What is the EIN of IBMA FOUNDATION INC?
The employer identification number (EIN) of IBMA FOUNDATION INC is 82-4785593.
Is IBMA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to IBMA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IBMA FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of IBMA FOUNDATION INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did IBMA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of IBMA FOUNDATION INC?
The 990 for the year ended June 30, 2025 names TRISHA TUBBS.
Who are the officers and directors of IBMA FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $25,617 (NANCY CARDWELL, EXECUTIVE DIRECTOR).
How much revenue does IBMA FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $226,880, expenses of $118,848 and total assets of $644,326 at year end.

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