Mechanical Licensing Collective
- Assets
- $954.0m
- Revenue
- $44.6m
- Investments
- $0.0
- Employees
- 100
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2022
- EIN
- 84-2642688
Organization Overview
Mechanical Licensing Collective is located in Nashville, TN. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 12/2022, Mechanical Licensing Collective employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mechanical Licensing Collective 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, Mechanical Licensing Collective generated $44.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $43.5m 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
ADMINISTER MECHANICAL LICENSES AND PROCESS ROYALTIES FOR SONGWRITERS AND MUSIC PUBLISHERS, MAINTAIN MUSICAL WORKS COPYRIGHT OWNERSHIP DATABASE AND EDUCATE THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF BLANKET MECHANICAL LICENSES TO DIGITAL MUSIC PROVIDERS (DMP'S); COLLECTION, MATCHING, AND DISTRIBUTION OF ROYALTIES RECEIVED FROM DMP'S; CONTINUED PLANNING AND IMPLEMENTATION FOR LICENSE AND ROYALTY ADMINISTRATION OPERATIONS; WORK ON REGULATORY MEASURES TO SUPPORT LICENSE AND ROYALTY ADMINISTRATION OPERATIONS; INDUSTRY SUPPORT AND COORDINATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Ahrend CEO | Officer | 40 | $664,383 |
Ilene Weintraub CFO | Officer | 40 | $465,946 |
Kristen Johns Chief Legal Officer | Officer | 40 | $364,625 |
Ellen Truley Chief Marketing Officer | Officer | 40 | $336,094 |
Maurice Russell Head Of Rights Management | Officer | 40 | $275,350 |
Andrew Mitchell Head Of Analytics & Automation | Officer | 40 | $227,333 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hfa Consulting | 12/30/22 | $9,973,556 |
Vaco Llc Temp. Staff/recruit | 12/30/22 | $842,439 |
Pryor Cashman Llp Legal Fees | 12/30/22 | $640,777 |
Schrompson Consulting Ltd Consulting | 12/30/22 | $368,000 |
Withumsmithbrown Pc Tax & Audit Services | 12/30/22 | $187,520 |
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 | $29,355,000 |
| Investment income | $15,281,158 |
| 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 | $44,636,158 |
| 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. | $3,494,418 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,245,306 |
| Pension plan accruals and contributions | $153,079 |
| Other employee benefits | $311,532 |
| Payroll taxes | $656,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $785,112 |
| Fees for services: Accounting | $409,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,000 |
| Fees for services: Other | $1,799,815 |
| Advertising and promotion | $579,827 |
| Office expenses | $421,930 |
| Information technology | $10,827,236 |
| Royalties | $0 |
| Occupancy | $641,104 |
| Travel | $285,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311,645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,430,908 |
| Insurance | $639,661 |
| All other expenses | $14,462,535 |
| Total functional expenses | $43,509,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,989,000 |
| Savings and temporary cash investments | $131,761,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $790,893 |
| 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 | $475,893 |
| Net Land, buildings, and equipment | $1,297,696 |
| Investments—publicly traded securities | $804,555,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,028,125 |
| Other assets | $5,142,098 |
| Total assets | $954,040,606 |
| Accounts payable and accrued expenses | $910,224 |
| Grants payable | $0 |
| Deferred revenue | $6,964,097 |
| 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 | $936,214,765 |
| Total liabilities | $944,089,086 |
| Net assets without donor restrictions | $9,951,520 |
| 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 | $954,040,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mechanical Licensing Collective Nashville, TN | $954,040,606 | $44,636,158 |
International Training Institute For The Sheet Metal & Ac Industry Falls Church, VA | $60,856,107 | $15,099,753 |
Grow Capital Jobs Foundation Richmond, VA | $524,955 | $2,629,829 |
Workers Dignity Project Nashville, TN | $268,049 | $233,032 |
Kentucky Labor Management Conference Inc Frankfort, KY | $242,468 | $241,092 |
Boom Beans Llc Williamsburg, KY | $55,011 | $203,710 |
Brush Creek Enterprise Center Inc Smithville, MO | $45,724 | $0 |
Hearts Of Wheels Birmingham, AL | $34,637 | $46,535 |
Patent Pathways Fairfax, VA | $4,290 | $31,400 |
Strategic Hr Partners Inc Midland, GA | $35,318 | $0 |
Virginia Spqa Chesapeake, VA | $146,749 | $0 |