Afm & Sag-Aftra Intellectual Property Rights Distribution Fund
- Assets
- $186.4m
- Revenue
- $93.6m
- Investments
- $0.0
- Employees
- 63
- Location
- Valley Village, CA
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 95-4815790
Organization Overview
Afm & Sag-Aftra Intellectual Property Rights Distribution Fund is located in Valley Village, CA. The organization was established in 2011. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Afm & Sag-Aftra Intellectual Property Rights Distribution Fund employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afm & Sag-Aftra Intellectual Property Rights 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, Afm & Sag-Aftra Intellectual Property Rights Distribution Fund generated $93.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $75.7m during the year ending 12/2022. While expenses have increased by 9.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Taub Chief Executive Officer | Officer | 40 | $380,622 |
Sidney Kibodeaux White Chief Operating Officer | Officer | 40 | $229,669 |
Lei Bowen Chief Financial Officer | Officer | 40 | $224,849 |
Robert Rusek It Director | 40 | $199,341 | |
Lorena Lewbel Dir, Applications Development | 40 | $186,287 | |
Karen Tucker Dir, Hr & Legal Affaris | 40 | $182,403 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The American Federation Of Musician Service Agreement | 12/30/22 | $895,160 |
Sag-aftra Service Agreement | 12/30/22 | $895,160 |
Kiesel Law Llp Legal Settlement | 12/30/22 | $2,600,000 |
Reed Smith Llp Legal Counsel | 12/30/22 | $278,818 |
Pinnacle Enterprise Solutions Inc Consulting | 12/30/22 | $191,856 |
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 | $89,795,042 |
| Investment income | $2,511,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,329 |
| Net Gain/Loss on Asset Sales | $273,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,590,107 |
| 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. | $1,028,117 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,532,768 |
| Pension plan accruals and contributions | $425,538 |
| Other employee benefits | $925,838 |
| Payroll taxes | $308,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,048,277 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $413,534 |
| Fees for services: Other | $233,320 |
| Advertising and promotion | $206,586 |
| Office expenses | $47,975 |
| Information technology | $148,488 |
| Royalties | $0 |
| Occupancy | $207,665 |
| Travel | $7,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,327 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,288 |
| Insurance | $288,687 |
| All other expenses | $0 |
| Total functional expenses | $75,704,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,886,431 |
| Savings and temporary cash investments | $65,294,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,506 |
| 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 | $10,053,422 |
| Investments—publicly traded securities | $108,702,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,354 |
| Total assets | $186,427,172 |
| Accounts payable and accrued expenses | $0 |
| 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 | $61,432,366 |
| Total liabilities | $61,432,366 |
| 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 | $124,994,806 |
| Total liabilities and net assets/fund balances | $186,427,172 |