Afm & Sag-Aftra Intellectual Property Rights Distribution Fund
- Assets
- $186.8m
- Revenue
- $59.3m
- Investments
- $0.0
- Employees
- 66
- Location
- Valley Village, CA
- Founding
- 12/2011
- Data as of
- 12/2021
- 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 12/2021, Afm & Sag-Aftra Intellectual Property Rights Distribution Fund employed 66 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 12/2021, Afm & Sag-Aftra Intellectual Property Rights Distribution Fund generated $59.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $72.4m during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Taub Chief Executive Officer | Officer | 40 | $360,693 |
Lei Bowen Chief Financial Officer | Officer | 40 | $220,898 |
Sidney Kibodeaux White Chief Operating Officer | Officer | 40 | $220,799 |
Robert Rusek It Director | 40 | $189,552 | |
Lorena Lewbel Dir, Applications Development | 40 | $179,132 | |
Karen Tucker Dir, Hr & Legal Affaris | 40 | $173,217 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sag-aftra Service Agreement | 12/30/21 | $981,706 |
Jeeves Law Group Pa Legal Settlement | 12/30/21 | $1,162,031 |
The American Federation Of Musician Service Agreement | 12/30/21 | $981,706 |
Jenner Block Llp Legal Counsel | 12/30/21 | $831,341 |
Quilling Selander Lownds Winslet Legal Settlement | 12/30/21 | $1,632,297 |
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 | $48,704,844 |
| Investment income | $1,858,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,480 |
| Net Gain/Loss on Asset Sales | $3,079,852 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,253,844 |
| 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. | $778,786 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,000 |
| Other salaries and wages | $2,716,897 |
| Pension plan accruals and contributions | $323,068 |
| Other employee benefits | $702,128 |
| Payroll taxes | $223,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,013,511 |
| Fees for services: Accounting | $35,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $335,119 |
| Fees for services: Other | $263,571 |
| Advertising and promotion | $133,792 |
| Office expenses | $35,260 |
| Information technology | $148,923 |
| Royalties | $0 |
| Occupancy | $135,628 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,199 |
| Insurance | $196,422 |
| All other expenses | $4,851 |
| Total functional expenses | $72,372,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,711 |
| Savings and temporary cash investments | $40,195,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $259,409 |
| 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 | $10,317,568 |
| Investments—publicly traded securities | $134,722,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $398,598 |
| Total assets | $186,794,832 |
| 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 | $66,275,228 |
| Total liabilities | $66,275,228 |
| 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 | $120,519,604 |
| Total liabilities and net assets/fund balances | $186,794,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Afm & Sag-Aftra Intellectual Property Rights Distribution Fund Valley Village, CA | $186,794,832 | $59,253,844 |
Portage Bay Insurance Honolulu, HI | $176,507,390 | $59,637,964 |
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