Overview
What is Radio Music License Committee?
The Radio Music License Committee is a nonprofit organization situated in Brentwood, Tennessee. With a focus on promoting shared business interests within the commercial radio industry, excluding satellite radio, their primary mission is to advocate for commercial radio stations on music licensing matters. Their activities center around representing the interests of the radio industry in negotiating licensing fees, thereby safeguarding the rights and financial well-being of commercial radio stations. The organization operates with a modest workforce of two dedicated individuals.
Official website here: www.radiomlc.org
Is Radio Music License Committee legitimate?
Radio Music License Committee is a legitimate nonprofit organization registered as a 501(c)(6) entity. Radio Music License Committee 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: $507,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.radiomlc.org
What is the mission statement of Radio Music License Committee?
The Radio Music License Committee's mission is centered around representing the interests of commercial radio stations and the broader commercial radio industry, excluding satellite radio. Their primary focus is on music licensing matters. They strive to promote the common business interests of these radio stations, advocating on their behalf in this specific domain.
Official website here: www.radiomlc.org
What is the revenue of Radio Music License Committee?
Radio Music License Committee's revenue in 2023 was $3,591,947.
Official website here: www.radiomlc.org
Who are the executives of Radio Music License Committee and what are their salaries?
The average compensation at Radio Music License Committee during 2023 was $253,712. There are 2 employees at Radio Music License Committee.
Here are 26 key members and their salaries:
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Official website here: www.radiomlc.org
Where can I find the form 990 for Radio Music License Committee?
Radio Music License Committee's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.radiomlc.org
Learn more at the official website: www.radiomlc.org
Mission Statement of Radio Music License Committee
The Radio Music License Committee, abbreviated as RMLC, serves as a representative body for the interests of commercial radio stations. Its primary mission is to promote the shared business interests of these radio stations and the broader commercial radio industry, excluding satellite radio. More specifically, the RMLC focuses on representing the commercial radio industry in matters related to music licensing fees. By doing so, the committee aims to safeguard the interests of its member radio stations and ensure a fair and favorable environment for the commercial radio industry as a whole.
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Impact
October, 2024
The Radio Music License Committee (RMLC) significantly influences the landscape of music licensing for commercial radio stations. By representing the interests of these stations, the committee plays a crucial role in negotiating and managing licensing fees that can substantially impact their operational costs. This representation ensures that radio stations have a collective voice in discussions regarding music licensing, ultimately promoting a more balanced and equitable framework within the commercial radio industry.
Through its advocacy, the RMLC actively works to protect and promote the interests of its members, which contributes to the overall sustainability and growth of the commercial radio sector. By addressing the complexities of music licensing, the organization fosters a fair environment that supports both the creation of music and the dissemination of it through radio broadcasting. This impact not only benefits radio stations but also enhances the listening experience for the public, ensuring a diverse range of music is accessible.
This information is meant to be a general summary of Radio Music License Committee. 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 2023.
- Investment Income: $38,430
- Program Service Revenue: $3,719,777
- Gross Receipts: $3,799,370
Assets and Liabilities:
- Total Assets: $2,320,482
- Total Liabilities: $2,687,331
- Net Assets: -$366,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATION ASSESSMENTS
Revenue
$3,605,283
SUPPLEMENT FUNDING
Revenue
$114,494
Organization Details
Founding Year
1972
Principal Officer
William Velez
Website
www.radiomlc.orgNTEE Category
Code: S41 - Community improvement
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