Overview
What is Mechanical Licensing Collective?
The Mechanical Licensing Collective is a nonprofit organization headquartered in Nashville, Tennessee, specifically at 333 11th AVENUE SOUTH Suite 200. Their primary mission involves administering mechanical licenses and processing royalties for songwriters and music publishers. They also maintain a database of musical works copyright ownership. With a team of 100 employees, their activities extend to regulatory measures that support license and royalty administration operations, industry collaboration, and public education.
Official website here: www.themlc.com
Is Mechanical Licensing Collective legitimate?
Mechanical Licensing Collective is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mechanical Licensing Collective 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: $3,494,418
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,245,306
For more financial information, click here
Official website here: www.themlc.com
What is the mission statement of Mechanical Licensing Collective?
The Mechanical Licensing Collective is dedicated to administering mechanical licenses and processing royalties for songwriters and music publishers. They maintain a copyright ownership database for musical works and work towards educating the public. Through blanket mechanical licenses granted to digital music providers, they collect, match, and distribute the resulting royalties. Ongoing planning and implementation are crucial for their license and royalty administration operations. The organization also engages in regulatory measures to support these operations and collaborates within the industry for coordination.
Official website here: www.themlc.com
Who is the CEO of Mechanical Licensing Collective?
Kristopher Ahrend is the Ceo of Mechanical Licensing Collective. The CEO's salary of Mechanical Licensing Collective is $664,383 and their total compensation is $699,449.
Official website here: www.themlc.com
What is the revenue of Mechanical Licensing Collective?
Mechanical Licensing Collective's revenue in 2022 was $44,636,158.
Official website here: www.themlc.com
Who are the executives of Mechanical Licensing Collective and what are their salaries?
The average compensation at Mechanical Licensing Collective during 2022 was $97,397. There are 100 employees at Mechanical Licensing Collective.
Here are 30 key members and their salaries (Mechanical Licensing Collective's CEO's salary is $664,383 and their total compensation is $699,449):
- Compensation: $664,383
- Related: $0
- Other: $35,066
- Compensation: $465,946
- Related: $0
- Other: $40,229
- Compensation: $364,625
- Related: $0
- Other: $33,873
- Compensation: $336,094
- Related: $0
- Other: $26,767
- Compensation: $275,350
- Related: $0
- Other: $28,950
- Compensation: $227,333
- Related: $0
- Other: $31,084
- Compensation: $227,010
- Related: $0
- Other: $18,595
- Compensation: $210,661
- Related: $0
- Other: $32,357
- Compensation: $226,645
- Related: $0
- Other: $16,141
- Compensation: $195,041
- Related: $0
- Other: $35,249
- Compensation: $217,089
- Related: $0
- Other: $13,082
- Compensation: $207,143
- Related: $0
- Other: $5,804
- Compensation: $196,669
- Related: $0
- Other: $7,867
- Compensation: $195,021
- Related: $0
- Other: $8,321
- Compensation: $183,356
- Related: $0
- Other: $17,628
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.themlc.com
Where can I find the form 990 for Mechanical Licensing Collective?
Mechanical Licensing Collective's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themlc.com
Learn more at the official website: www.themlc.com
Mission Statement of Mechanical Licensing Collective
The Mechanical Licensing Collective, a notable organization, is dedicated to administering mechanical licenses and processing royalties for both songwriters and music publishers. It meticulously maintains a copyright ownership database for musical works, ensuring accurate record-keeping. In addition, the Collective plays a crucial role in educating the public about the importance of copyright protection in the music industry.
Through the administration of blanket mechanical licenses, the Mechanical Licensing Collective grants permission to digital music providers to legally use and distribute copyrighted music. This collective process streamlines the licensing procedure for numerous music providers, making it more efficient for all parties involved.
Moreover, the organization collects, matches, and distributes royalties received from digital music providers. This essential function ensures that songwriters and publishers receive fair compensation for their work. The Mechanical Licensing Collective continues to plan and implement improvements for its license and royalty administration operations. Furthermore, it collaborates with industry stakeholders on regulatory measures to strengthen the music licensing and royalty distribution landscape. Overall, the Mechanical Licensing Collective is an essential entity in the music industry, facilitating the legal use of copyrighted music while ensuring fair compensation for creators.
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Impact
October, 2024
The Mechanical Licensing Collective (MLC) significantly affects the music industry by streamlining the administration of mechanical licenses and ensuring fair royalty distribution for songwriters and music publishers. By providing a centralized system for the collection, matching, and distribution of royalties from digital music providers, the MLC enhances transparency and efficiency in the royalty process.
One key impact is the MLC's role in administering blanket mechanical licenses, which allows digital providers to legally distribute music without negotiating individual licenses for each song. This simplifies the licensing process for both music platforms and creators, encouraging the growth of digital music services.
Additionally, the MLC maintains a comprehensive database of musical works copyright ownership, facilitating better identification and fair compensation of rights holders. Educating the public about copyright issues also plays a crucial part in promoting awareness and understanding of the rights of songwriters and publishers.
Overall, the MLC’s efforts lead to a more organized and equitable music ecosystem, ensuring that creators receive the compensation they deserve for their work, while also supporting the ongoing evolution of digital music distribution.
This information is meant to be a general summary of Mechanical Licensing Collective. 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: $15,281,158
- Program Service Revenue: $29,355,000
- Gross Receipts: $44,636,158
Assets and Liabilities:
- Total Assets: $954,040,606
- Total Liabilities: $944,089,086
- Net Assets: $9,951,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$29,355,000
Organization Details
Founding Year
2019
Phone
(629) 240-8300Principal Officer
Kristopher Ahrend
Main Address
333 11TH AVENUE SOUTH Suite 200, NASHVILLE, TN, 37203
Website
www.themlc.comNTEE Category
Code: J02 - Employment
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