Televison Music License Committee
- Assets
- $24.8m
- Revenue
- $5.9m
- Investments
- $7.2m
- Employees
- 2
- Location
- New York, NY
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 13-3212090
Organization Overview
Televison Music License Committee is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Televison Music License Committee employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Televison Music License Committee is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Televison Music License Committee generated $5.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE TELEVISION MUSIC LICENSE COMMITTEE, LLC IS TO REPRESENT MUTUAL INTERESTS OF UNITED STATES LOCAL, FULL POWER TELEVISION STATIONS TO PROCURE MUSIC PERFORMANCE COPYRIGHT LICENSES FROM THE PERFORMING RIGHTS ORGANIZATIONS REPRESENTING TELEVISION COMPOSERS AND PUBLISHERS. TO ACHIEVE THIS OBJECTIVE THE ORGANIZATION SOLICITS CONTRIBUTIONS FROM TELEVISION STATIONS AND CONDUCTS NEGOTIATIONS INCLUDING ANY INDUSTRY-WIDE LITIGATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMITTEE NEGOTIATES ON BEHALF OF THE LOCAL TELEVISION BROADCAST INDUSTRY FOR MUSIC PERFORMANCE LICENSES WITH ASCAP, BMI, AND SESAC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Mchugh President And CEO | Officer | 40 | $297,500 |
Tee Pawasittichot Director Of Operations | Officer | 40 | $114,400 |
James Macdermott Vice Chairman | OfficerTrustee | 1 | $0 |
David Amy Chairman | OfficerTrustee | 1 | $0 |
Leona Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Richard Graham Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Music Reports Inc Consulting Services | 12/30/21 | $619,752 |
Compass Lexecon Consulting Services | 12/30/21 | $459,430 |
Mayer Brown Legal Counsel | 12/30/21 | $443,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,940,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,940,156 |
| Total Program Service Revenue | $0 |
| Investment income | $527,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $437,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,905,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,900 |
| Compensation of current officers, directors, key employees. | $114,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,917 |
| Payroll taxes | $21,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $484,086 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $956,100 |
| Advertising and promotion | $0 |
| Office expenses | $7,007 |
| Information technology | $16,724 |
| Royalties | $0 |
| Occupancy | $57,641 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428 |
| Insurance | $47,491 |
| All other expenses | $0 |
| Total functional expenses | $2,094,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,991,780 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,951 |
| Investments—publicly traded securities | $12,575,621 |
| Investments—other securities | $7,191,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,760,743 |
| Accounts payable and accrued expenses | $115,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $115,088 |
| Net assets without donor restrictions | $24,645,655 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,760,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |
Boston Society Of Architects Treasurers Office Boston, MA | $12,418,866 | $3,237,658 |