Overview
What is Sound Recording Special Payments Fund?
The Sound Recording Special Payments Fund is a nonprofit organization headquartered at 150 EAST 52nd STREET Suite 24001, New York, NY 10022. Its primary mission is to collect and distribute residual payments to musicians in recognition of their artistry in creating sound recordings. This dedicated organization operates with integrity and efficiency, ensuring exceptional services to musicians and keeping pace with the ever-evolving music industry. With a significant workforce of over ten thousand employees, the Fund is committed to its important role in the music community.
Official website here: www.sound-recording.org
What are the reviews and ratings of this charity?
The Sound Recording Special Payments Fund is not currently rated by Charity Navigator. This is due to the organization's status as a non-501(c)(3), which excludes it from being evaluated under established metrics such as Accountability & Finance by Charity Navigator. The absence of a rating should not be interpreted as positive or negative, but rather as a non-evaluation within their system.
Since the fund is not a registered 501(c)(3), it does not undergo the typical assessments concerning its financial practices, impact, or community engagement. Insights regarding their financial data, including total revenue and expenses, are also unavailable due to the lack of electronically-filed Form 990 data.
Without user reviews on GreatNonprofits, further subjective assessments from beneficiaries or donors are not available at this time. Consequently, potential stakeholders or beneficiaries may need to seek direct information from the organization to gain insights into its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Sound Recording Special Payments Fund legitimate?
Sound Recording Special Payments Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sound Recording Special Payments Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $368,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $793,855
For more financial information, click here
Official website here: www.sound-recording.org
What is the mission statement of Sound Recording Special Payments Fund?
The Sound Recording Special Payments Fund is committed to collecting and distributing residual payments to musicians in recognition of their craftsmanship in creating sound recordings. The organization operates with integrity and proficiency, providing exceptional service to musicians. Adapting to changes in the music industry, it remains dedicated to its mission. The fund's primary goal is to financially support musicians for their contributions to the sound recording industry.
Official website here: www.sound-recording.org
Who is the CEO of Sound Recording Special Payments Fund?
Robert Dipaola is the Fund Administrator of Sound Recording Special Payments Fund.
Official website here: www.sound-recording.org
What is the revenue of Sound Recording Special Payments Fund?
Sound Recording Special Payments Fund's revenue in 2022 was $13,023,174.
Official website here: www.sound-recording.org
Who are the executives of Sound Recording Special Payments Fund and what are their salaries?
The average compensation at Sound Recording Special Payments Fund during 2022 was $114. There are 10230 employees and 1 volunteer at Sound Recording Special Payments Fund.
Here are 11 key members and their salaries:
- Compensation: $324,266
- Related: $0
- Other: $42,751
- Compensation: $195,040
- Related: $0
- Other: $60,098
- Compensation: $163,669
- Related: $0
- Other: $56,148
- Compensation: $103,727
- Related: $0
- Other: $36,432
- Compensation: $106,033
- Related: $0
- Other: $24,476
- Compensation: $105,777
- Related: $0
- Other: $24,399
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sound-recording.org
Where can I find the form 990 for Sound Recording Special Payments Fund?
Sound Recording Special Payments Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sound-recording.org
Learn more at the official website: www.sound-recording.org
Mission Statement of Sound Recording Special Payments Fund
The Sound Recording Special Payments Fund, a dedicated organization, is committed to collecting and distributing residual payments to musicians in recognition of their artistic contributions to creating sound recordings. With a strong sense of integrity and proficiency, this entity strives to provide exceptional service to musicians. The organization remains adaptable to the ever-evolving music industry, ensuring musicians receive the compensation they deserve for their craftsmanship.
The Sound Recording Special Payments Fund plays a vital role in the music industry, serving as a bridge between musicians and their earned royalties. By meticulously collecting residual payments, this organization ensures that musicians are compensated for their invaluable input in the creation of sound recordings. The team behind the Sound Recording Special Payments Fund operates with efficiency and dedication, enabling musicians to focus on their artistic pursuits without worrying about the financial aspects of their work.
In essence, the Sound Recording Special Payments Fund is an essential partner to musicians, advocating on their behalf and ensuring they receive the financial recognition they deserve for their craftsmanship in creating sound recordings. Through its unwavering commitment to integrity, proficiency, and exceptional service, the organization has become a trusted resource in the music industry, enabling musicians to thrive and continue creating the music that inspires and entertains us all.
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Impact
October, 2024
The Sound Recording Special Payments Fund plays a crucial role in supporting musicians by collecting and distributing residual payments that recognize their craftsmanship in creating sound recordings. This fund ensures that musicians receive fair compensation for their work, particularly as the music industry continues to evolve. By providing these payments, the fund enhances the financial stability of artists, allowing them to focus on their craft without the added stress of income insecurity.
Moreover, the fund fosters a sense of community among musicians, reinforcing the value of their contributions to the cultural landscape. Its commitment to integrity and exceptional service further strengthens the trust between musicians and the industry, ensuring that artists are compensated fairly for their creative efforts. In adapting to changes in the music industry, the fund remains relevant and effective, continuously addressing the needs of musicians as they navigate new challenges and opportunities in their careers.
This information is meant to be a general summary of Sound Recording Special Payments Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $77,020
- Program Service Revenue: $12,851,008
- Gross Receipts: $18,918,607
Assets and Liabilities:
- Total Assets: $20,084,543
- Total Liabilities: $10,742,475
- Net Assets: $9,342,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PAYMENTS RECEIVED FROM RECORD COMPANIES
Revenue
$12,851,008
Organization Details
Founding Year
1964
Phone
(212) 310-9420Principal Officer
Robert Dipaola
Main Address
150 EAST 52ND STREET Suite 24001, NEW YORK, NY, 10022
Website
www.sound-recording.orgNTEE Category
Code: S46 - Community improvement
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