Anthology Of Recorded Music Inc
- Assets
- $279.2k
- Revenue
- $331.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Albany, NY
- Founding
- 11/1993
- Data as of
- 06/2023
- EIN
- 23-7438514
Organization Overview
Anthology Of Recorded Music Inc, operating under the name New World Recordsdram, is located in Albany, NY. The organization was established in 1993. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, New World Recordsdram employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Recordsdram is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, New World Recordsdram generated $331.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $548.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 8 years. 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
WE ARE DEDICATED TO THE DOCUMENTATION OF AMERICAN MUSIC THAT IS LARGELY IGNORED BY THE COMMERCIAL RECORDING COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW WORLD RECORDS/NWCRI:ANTHOLOGY OF RECORDED MUSIC, INC. DBA NEW WORLD RECORDS PRODUCES RECORDINGS OF MUSIC BY AMERICAN COMPOSERS NOT CURRENTLY AVAILABLE IN THE CATALOGUES OF COMMERCIAL RECORDING COMPANIES, ISSUING APPROXIMATELY 6-10 NEW TITLES PER YEAR. IT MANUFACTURES COMPACT DISCS AND DIGITAL VERSIONS OF TITLES AND OFFERS THEM THROUGH SUBSCRIPTIONS TO LIBRARIES AND EDUCATIONAL INSTITUTIONS, AND TO THE PUBLIC THROUGH VIA A VARIETY OF ONLINE SERVICES AS WELL AS RETAIL STORES SERVED BY DISTRIBUTORS.DRAM/SOUND AMERICAN:ANTHOLOGY OF RECORDED MUSIC, INC. DBA DRAM (WWW.DRAMONLINE.ORG) IS A DIGITAL SUBSCRIPTION SERVICE PROVIDING SCHOLARS, STUDENTS AND OTHER EDUCATIONAL COMMUNITIES UNLIMITED ON-DEMAND ACCESS TO THE NEW WORLD RECORDS AND NWCR/NWCRL CATALOGUE(S), ALONG WITH SIMILAR MUSIC FROM 35 PARTNER LABELS/ARCHIVES. THE DATABASE CURRENTLY OFFERS OVER 4,000 HOURS OF RECORDED CONTENT FOR STREAMING, WITH NEW MATERIAL BEING CONTINUOUSLY ADDED. IN 2011 DRAM INTRODUCED SOUND AMERICAN (WWW.SOUNDAMERICAN.ORG), AN ONLINE DIGEST THAT PRESENTS MATERIAL FROM DRAM IN A LESS FORMAL CONTEXT. SOUND AMERICAN IS A FREE-TO-ACCESS RESOURCE DESIGNED TO CHALLENGE THE PERCEPTION THAT NEW AND EXPERIMENTAL MUSIC IS SOMEHOW BEYOND THE AVERAGE LISTENER. IN PURSUIT OF THIS OBJECTIVE, SOUND AMERICAN HAS MORE RECENTLY EXPANDED FROM AN ONLINE-ONLY PUBLICATION TO PERIODICALLY ISSUE PHYSICAL PRINT AND AUDIO RELEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Kahlden President & Treasurer | OfficerTrustee | 40 | $129,708 |
Paul Tai Vice President & Secretary | OfficerTrustee | 40 | $111,250 |
Amy Beal Trustee | Trustee | 1 | $0 |
Thomas T Carroll Trustee | Trustee | 1 | $0 |
Robert Clarida Trustee | Trustee | 1 | $0 |
Emanuel Gerard Trustee | Trustee | 1 | $0 |
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 | $3,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500 |
| Total Program Service Revenue | $312,289 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,315 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,999 |
| 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. | $152,799 |
| Compensation of current officers, directors, key employees. | $13,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,259 |
| Pension plan accruals and contributions | $38,965 |
| Other employee benefits | $0 |
| Payroll taxes | $15,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,779 |
| Advertising and promotion | $10,149 |
| Office expenses | $60,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,362 |
| Travel | $11,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,692 |
| Insurance | $1,348 |
| All other expenses | $60,932 |
| Total functional expenses | $548,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $122,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,595 |
| Prepaid expenses and deferred charges | $53,213 |
| Net Land, buildings, and equipment | $4,618 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,452 |
| Total assets | $279,173 |
| Accounts payable and accrued expenses | $335,329 |
| Grants payable | $0 |
| Deferred revenue | $86,240 |
| 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 | $421,569 |
| Net assets without donor restrictions | -$142,396 |
| 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 | $279,173 |