Mechanical Licensing Collective
- Assets
- $740.2m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 85
- Location
- Nashville, TN
- Founding
- Data as of
- 12/2021
- 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 12/2021, Mechanical Licensing Collective employed 85 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 12/2021, Mechanical Licensing Collective generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $26.5m during the year ending 12/2021. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Ahrend CEO | Officer | 40 | $665,307 |
Ilene Weintraub CFO | Officer | 40 | $432,593 |
Ellen Truley Chief Marketing Officer | Officer | 40 | $341,724 |
Kristen Johns Chief Legal Officer | Officer | 40 | $330,506 |
Maurice Russell Head Of Rights Management | Officer | 40 | $261,202 |
Nathan Osher Asst Gen Coun - Pub. Relations | 40 | $243,109 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hfa Consulting | 12/30/21 | $14,276,651 |
Pryor Cashman Llp Legal Fees | 12/30/21 | $1,439,642 |
Thomas Construction Llc Contractor | 12/30/21 | $1,191,661 |
Schrompson Consulting Ltd Consulting | 12/30/21 | $481,247 |
Vaco Llc Temp. Staff/recruit | 12/30/21 | $596,044 |
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 | $28,500,000 |
| Investment income | $2,539,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,029,910 |
| 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. | $2,886,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,532,522 |
| Pension plan accruals and contributions | $58,501 |
| Other employee benefits | $249,540 |
| Payroll taxes | $455,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,415,225 |
| Fees for services: Accounting | $263,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,228 |
| Fees for services: Other | $2,414,415 |
| Advertising and promotion | $404,499 |
| Office expenses | $827,149 |
| Information technology | $9,968,723 |
| Royalties | $0 |
| Occupancy | $653,370 |
| Travel | $18,900 |
| 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 | $1,106,987 |
| Insurance | $429,387 |
| All other expenses | $0 |
| Total functional expenses | $26,472,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,499,604 |
| Savings and temporary cash investments | $72,133,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,044 |
| 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 | $148,378 |
| Net Land, buildings, and equipment | $5,663,482 |
| Investments—publicly traded securities | $656,426,580 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,999 |
| Total assets | $740,209,302 |
| Accounts payable and accrued expenses | $558,206 |
| Grants payable | $0 |
| Deferred revenue | $4,621,511 |
| 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 | $719,633,115 |
| Total liabilities | $724,812,832 |
| Net assets without donor restrictions | $15,396,470 |
| 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 | $740,209,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mechanical Licensing Collective Nashville, TN | $740,209,302 | $31,029,910 |
International Training Institute For The Sheet Metal & Ac Industry Falls Church, VA | $68,095,244 | $17,921,837 |
Grow Capital Jobs Foundation Richmond, VA | $210,397 | $1,098,203 |
Workers Dignity Project Nashville, TN | $443,097 | $760,360 |
Kentucky Labor Management Conference Inc Frankfort, KY | $220,443 | $0 |
Brush Creek Enterprise Center Inc Smithville, MO | $45,724 | $0 |
Strategic Hr Partners Inc Columbus, GA | $23,167 | $68,421 |
Hearts Of Wheels Birmingham, AL | $38,905 | $78,698 |
Boom Beans Llc Nicholasville, KY | $8,716 | $0 |
Virginia Spqa Arlington, VA | $143,888 | $0 |