Sag-Aftra & Industry Sound Recordings Distribution Fund
- Assets
- $51.6m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Valley Village, CA
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 36-7630013
Organization Overview
Sag-Aftra & Industry Sound Recordings Distribution Fund is located in Valley Village, CA. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sag-Aftra & Industry Sound Recordings Distribution 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 12/2022, Sag-Aftra & Industry Sound Recordings Distribution Fund generated $21.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $20.9m during the year ending 12/2022. 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
ESTABLISHED FOR THE PURPOSE OF RECEIVING AND DISTRIBUTING PAYMENTS IN ACCORDANCE WITH THE SAG-AFTRA NATIONAL CODE OF FAIR PRACTICE FOR SOUND RECORDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLECTION OF ROYALTIES BASED UPON REVENUES FROM THE PERMANENT AND NON-PERMANENT DIGITAL DOWNLOAD OF SOUND RECORDINGS AND THE EXPLOITATION OF MUSIC VIDEOS BY PERMANENT AND NON-PERMANENT (TETHERED) DIGITAL DOWNLOADS AND STREAMING, AS WELL AS FROM AUDIO STREAMING OF SOUND RECORDINGS NOT SUBJECT TO COMPULSORY LICENSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duncan Crabtree-Ireland Union Trustee/chairman | OfficerTrustee | 5 | $0 |
Janice Pendarvis Union Trustee | Trustee | 5 | $0 |
David Walsh Industry Trustee | Trustee | 5 | $0 |
Tracie Parry Industry Trustee | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,018,315 |
| Investment income | $510,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $21,528,760 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,568 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,847,608 |
| Advertising and promotion | $0 |
| Office expenses | $125,481 |
| Information technology | $38,889 |
| Royalties | $0 |
| Occupancy | $205,945 |
| 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 | $0 |
| Insurance | $129,820 |
| All other expenses | $18,536,622 |
| Total functional expenses | $20,923,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,500,000 |
| Savings and temporary cash investments | $33,990,275 |
| 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 | $0 |
| Investments—publicly traded securities | $12,152,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,642,461 |
| Accounts payable and accrued expenses | $232,506 |
| 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 | $9,931,468 |
| Total liabilities | $10,163,974 |
| 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 | $41,478,487 |
| Total liabilities and net assets/fund balances | $51,642,461 |