American Federation Of Musicians Of The Us & Canada
- Assets
- $13.8m
- Revenue
- $7.1m
- Investments
- $159.2k
- Employees
- 76
- Location
- New York, NY
- Founding
- 09/1958
- Data as of
- 12/2022
- EIN
- 13-0452820
Organization Overview
American Federation Of Musicians Of The Us & Canada is located in New York, NY. The organization was established in 1958. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, American Federation Of Musicians Of The Us & Canada employed 76 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Federation Of Musicians Of The Us & Canada is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, American Federation Of Musicians Of The Us & Canada generated $7.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LABOR ORGANIZATION PROVIDING COLLECTIVE BARGAINING REPRESENTATION TO ITS MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLECTIVE BARGAINING REPRESENTATION TO ITS MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Augustino Gagliardi President | Officer | 39 | $136,778 |
Karen F Fisher Financial VP | Officer | 39 | $125,926 |
Gloria Mccormick Hbp Plan Admin | 40 | $123,074 | |
Harvey Mars Recording VP | Officer | 39 | $118,723 |
Mikael A Elsila Allegro Editor | 40 | $115,596 | |
Lynne A Cohen Exec Board | Officer | 5 | $6,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohenweiss & Simon Llp Legal | 12/30/19 | $119,079 |
Law Office Of Harvey S Mars Llc Legal | 12/30/19 | $104,222 |
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 | $6,462,354 |
| Investment income | $94,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,132,533 |
| 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 | $68,681 |
| Compensation of current officers, directors, key employees. | $516,316 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,315,919 |
| Pension plan accruals and contributions | $290,103 |
| Other employee benefits | $236,840 |
| Payroll taxes | $247,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,169 |
| Fees for services: Accounting | $72,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,461 |
| Fees for services: Other | $84,806 |
| Advertising and promotion | $31,037 |
| Office expenses | $136,763 |
| Information technology | $101,378 |
| Royalties | $0 |
| Occupancy | $1,746 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,426 |
| Interest | $0 |
| Payments to affiliates | $1,018,088 |
| Depreciation, depletion, and amortization | $81,155 |
| Insurance | $58,190 |
| All other expenses | $797 |
| Total functional expenses | $5,503,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,462,692 |
| Savings and temporary cash investments | $2,558,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,166,431 |
| 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 | $236,188 |
| Net Land, buildings, and equipment | $177,173 |
| Investments—publicly traded securities | $2,213,380 |
| Investments—other securities | $159,215 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,863,397 |
| Total assets | $13,837,109 |
| Accounts payable and accrued expenses | $465,371 |
| Grants payable | $0 |
| Deferred revenue | $90,537 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $708,545 |
| 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 | $350,036 |
| Total liabilities | $1,614,489 |
| Net assets without donor restrictions | $12,222,620 |
| 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 | $13,837,109 |