Film Muscians Secondary Markets Fund
- Assets
- $152.3m
- Revenue
- $129.3m
- Investments
- $0.0
- Employees
- 49
- Location
- encino, CA
- Founding
- 04/2008
- Data as of
- 03/2022
- 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 03/2022, Film Muscians Secondary Markets Fund employed 49 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 03/2022, Film Muscians Secondary Markets Fund generated $129.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $121.3m during the year ending 03/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
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 | $177,297 | |
Jennifer Grasmick Comptroller | 40 | $174,014 | |
Edward Wilkinson Dir. - App. & Soft. Develop. | 40 | $155,741 | |
Christopher Kuhrt Dir. - Participant Services | 40 | $128,951 | |
James Cope Dir. - Contract Compliance | 40 | $128,862 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Singerlewak Consulting | 3/30/22 | $245,601 |
Gingold Company Compliance Audits | 3/30/22 | $197,824 |
City National Bank Banking | 3/30/22 | $136,324 |
Visus Llc Dig. Transformation | 3/30/22 | $100,459 |
Prolecto It Consulting | 3/30/22 | $458,910 |
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 | $128,906,251 |
| Investment income | $439,879 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129,340,280 |
| 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 | $113,937,973 |
| Compensation of current officers, directors, key employees. | $426,540 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,327,597 |
| Pension plan accruals and contributions | $365,404 |
| Other employee benefits | $604,101 |
| Payroll taxes | $265,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $261,460 |
| Fees for services: Accounting | $373,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $171,737 |
| Fees for services: Other | $118,088 |
| Advertising and promotion | $36,425 |
| Office expenses | $216,681 |
| Information technology | $163,688 |
| Royalties | $0 |
| Occupancy | $542,752 |
| Travel | $4,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,886 |
| Interest | $56,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $168,676 |
| Insurance | $106,387 |
| All other expenses | $0 |
| Total functional expenses | $121,267,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$63,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $315,811 |
| 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 | $865,674 |
| Investments—publicly traded securities | $151,197,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,319,457 |
| Accounts payable and accrued expenses | $223,357 |
| 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 | $906,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,155,347 |
| Total liabilities | $9,285,622 |
| 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 | $143,033,835 |
| Total liabilities and net assets/fund balances | $152,319,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Film Muscians Secondary Markets Fund encino, CA | $152,319,457 | $129,340,280 |
The Linux Foundation San Francisco, CA | $142,044,874 | $139,974,266 |
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |