Film Muscians Secondary Markets Fund
- Assets
- $172.1m
- Revenue
- $142.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Encino, CA
- Founding
- 04/2008
- Data as of
- 03/2023
- EIN
- 13-6695765
Organization Overview
Film Muscians Secondary Markets Fund is located in Encino, CA. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Film Muscians Secondary Markets Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Film Muscians Secondary Markets Fund 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 03/2023, Film Muscians Secondary Markets Fund generated $142.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $125.0m during the year ending 03/2023. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT CONTRIBUTIONS FROM PRODUCERS FOR DISTRIBUTION TO PARTICIPANT MUSICIANS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLECT CONTRIBUTIONS FROM PRODUCERS FOR DISTRIBUTION TO PARTICIPANT MUSICIANS IN ACCORDANCE WITH COLLECTIVE BARGAINING AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Roberts Hedgpeth Executive Director | Officer | 40 | $362,523 |
Brian C Sickles COO | 40 | $196,690 | |
Jennifer Grasmick Comptroller | 40 | $176,314 | |
Edward Wilkinson Dir. - App. & Soft. Develop. | 40 | $162,014 | |
Richard Vann Sr. Dir. - App. Software Dev. | 40 | $137,940 | |
James Cope Dir. - Contract Compliance | 40 | $140,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gingold Company Compliance Audits | 3/30/23 | $292,494 |
City National Bank Banking | 3/30/23 | $142,244 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $139,813,233 |
| Investment income | $2,594,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$119,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,289,095 |
| 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 | $117,660,242 |
| Compensation of current officers, directors, key employees. | $442,722 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,186,365 |
| Pension plan accruals and contributions | $393,224 |
| Other employee benefits | $671,401 |
| Payroll taxes | $278,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,097 |
| Fees for services: Accounting | $467,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $180,803 |
| Fees for services: Other | $172,611 |
| Advertising and promotion | $13,730 |
| Office expenses | $158,117 |
| Information technology | $189,187 |
| Royalties | $0 |
| Occupancy | $705,467 |
| Travel | $2,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,453 |
| Interest | $36,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $161,435 |
| Insurance | $104,390 |
| All other expenses | $0 |
| Total functional expenses | $125,014,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $234,351 |
| 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 | $3,414 |
| Net Land, buildings, and equipment | $705,381 |
| Investments—publicly traded securities | $169,888,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,041,654 |
| Total assets | $172,086,111 |
| Accounts payable and accrued expenses | $62,313 |
| 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 | $500,625 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,183,895 |
| Total liabilities | $11,746,833 |
| Net assets without donor restrictions | $0 |
| 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 | $160,339,278 |
| Total liabilities and net assets/fund balances | $172,086,111 |