Overview
What is Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
The Afm & Sag-Aftra Intellectual Property Rights Distribution Fund is a nonprofit organization based in Valley Village, California. Their primary mission is to collect and distribute royalties on behalf of non-featured instrumental musicians and vocalists. With a team of 63 employees, they serve as an essential intermediary in the music industry, ensuring that these artists receive fair compensation for their work. Their activities extend beyond just collecting and distributing royalties, as they play a crucial role in advocating for the rights of non-featured musicians and vocalists in the intellectual property rights sphere.
Official website here: www.afmsagaftrafund.org
What do the Facebook reviews say about Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
92% of 10 reviewers on Facebook recommend the Afm & Sag-Aftra Intellectual Property Rights Distribution Fund. Here’s a summary of their insights:
Many users express appreciation for the significant support provided by this nonprofit, particularly praising its role in helping singer/songwriters navigate the challenging landscape of declining royalties. The fund appears to be making a meaningful impact by offering essential financial assistance during tough times.
Overall, reviewers feel grateful for the organization's efforts, highlighting its importance in sustaining the livelihoods of those in the creative arts.
This AI summary has been generated from reviews found on Facebook.
Is Afm & Sag-Aftra Intellectual Property Rights Distribution Fund legitimate?
Afm & Sag-Aftra Intellectual Property Rights Distribution Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Afm & Sag-Aftra Intellectual Property Rights Distribution 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: $1,028,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,532,768
For more financial information, click here
Official website here: www.afmsagaftrafund.org
What is the mission statement of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
This fund is dedicated to collecting and distributing royalties on behalf of non-featured instrumental musicians and vocalists. By acting as an intermediary, the organization ensures that these artists are fairly compensated for their contributions to creative works. The primary focus of the fund is to promote financial security and recognition for musicians whose roles may not receive the same level of recognition as those in the limelight. The fund's efforts contribute significantly to the music industry, ensuring a more equitable distribution of royalties and acknowledging the value of the behind-the-scenes talent.
Official website here: www.afmsagaftrafund.org
Who is the CEO of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
Lei Bowen is the Chief Executive Officer of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund. The CEO's salary of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund is $380,622 and their total compensation is $443,310.
Official website here: www.afmsagaftrafund.org
What is the revenue of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
Afm & Sag-Aftra Intellectual Property Rights Distribution Fund's revenue in 2022 was $93,590,107.
Official website here: www.afmsagaftrafund.org
Who are the executives of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund and what are their salaries?
The average compensation at Afm & Sag-Aftra Intellectual Property Rights Distribution Fund during 2022 was $72,395. There are 63 employees at Afm & Sag-Aftra Intellectual Property Rights Distribution Fund.
Here are 18 key members and their salaries (Afm & Sag-Aftra Intellectual Property Rights Distribution Fund's CEO's salary is $380,622 and their total compensation is $443,310):
- Compensation: $380,622
- Related: $0
- Other: $62,688
- Compensation: $229,669
- Related: $0
- Other: $75,721
- Compensation: $224,849
- Related: $0
- Other: $53,618
- Compensation: $199,341
- Related: $0
- Other: $71,797
- Compensation: $186,287
- Related: $0
- Other: $54,801
- Compensation: $182,403
- Related: $0
- Other: $39,689
- Compensation: $167,342
- Related: $0
- Other: $30,698
- Compensation: $137,225
- Related: $0
- Other: $28,796
- 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
- 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.afmsagaftrafund.org
Where can I find the form 990 for Afm & Sag-Aftra Intellectual Property Rights Distribution Fund?
Afm & Sag-Aftra Intellectual Property Rights Distribution Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afmsagaftrafund.org
Learn more at the official website: www.afmsagaftrafund.org
Mission Statement of Afm & Sag-Aftra Intellectual Property Rights Distribution Fund
The Afm & Sag-Aftra Intellectual Property Rights Distribution Fund serves as a vital intermediary, collecting and distributing royalties on behalf of non-featured instrumental musicians and vocalists. This organization plays a crucial role in ensuring that these artists receive financial compensation for their contributions to recorded works.
In the complex world of intellectual property rights, the fund acts as a bridge, connecting the creators of instrumental music and vocals to the revenue streams generated from their performances. By doing so, it enables these artists to enjoy the financial benefits of their labor, which is essential for their livelihoods and ongoing creative endeavors.
Moreover, the Afm & Sag-Aftra Intellectual Property Rights Distribution Fund's mission is grounded in fairness and equality. It advocates for the recognition and remuneration of non-featured musicians and vocalists, who often go uncompensated in the music industry. By championing their cause, the organization fosters a more equitable environment, where all artists are rewarded for their contributions.
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Impact
October, 2024
The AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund plays a crucial role in ensuring that non-featured instrumental musicians and vocalists receive due compensation for their contributions to the music industry. By collecting and distributing royalties, the Fund provides financial support to artists who might otherwise be overlooked in the royalties process, recognizing their vital but often unseen contributions to musical works.
This mechanism not only helps to sustain the livelihoods of these musicians but also fosters a more equitable music industry by acknowledging the importance of all artists, regardless of their prominence in a given project. The Fund's efforts ultimately promote a culture of mutual benefit and respect for intellectual property, reinforcing the value of creativity and collaboration within the arts. Through its operations, the Fund contributes to a fairer distribution of wealth in the music community, encouraging ongoing participation from artists who might otherwise feel marginalized.
This information is meant to be a general summary of Afm & Sag-Aftra Intellectual Property Rights Distribution 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: $2,784,700
- Program Service Revenue: $89,795,042
- Gross Receipts: $215,331,144
Assets and Liabilities:
- Total Assets: $186,427,172
- Total Liabilities: $61,432,366
- Net Assets: $124,994,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTY RECEIPTS
Revenue
$89,795,042
Organization Details
Founding Year
1998
Phone
(818) 255-7980Principal Officer
Lei Bowen
Main Address
4705 LAUREL CANYON BLVD SUITE 400, VALLEY VILLAGE, CA, 91607
Website
www.afmsagaftrafund.orgNTEE Category
Code: Y99 - Mutual benefit
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