Overview
What is Music Performance Trust Fund?
The Music Performance Trust Fund (MPTF) is a nonprofit organization based in New York City, serving under Section 501(C)(3) of the Internal Revenue Code. Established in 1948, MPTF emerged from a collective bargaining agreement between the American Federation of Musicians and major recording companies. Its mission involves contributing to the public's understanding and appreciation of music. MPTF offers over 4,000 free concerts annually, both in-person and streaming, in the United States and Canada, attended by approximately 562,664 people. The organization aims to enrich lives through music and music education, making it an accessible and exciting experience for people of all backgrounds. In this process, MPTF also supports musicians financially without charging admission fees to the recipients. With a team of five dedicated individuals, MPTF brings live, high-quality music performances by professional musicians to the public, promoting music education and making it a significant part of diverse individuals' lives. The organization's concerts are an essential source of supplemental income for musicians, ensuring that music remains accessible and enjoyable for the general public.
Official website here: www.musicpf.org
Is Music Performance Trust Fund legitimate?
Music Performance Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Performance Trust 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.
Here are some key statistics you may want to consider:
Executive Compensation: $341,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,294
For more financial information, click here
Official website here: www.musicpf.org
What is the mission statement of Music Performance Trust Fund?
The Music Performance Trust Fund, established in 1948, is a nonprofit organization with a mission to contribute to public knowledge and appreciation of music. Operating under Section 501(C)(3) of the Internal Revenue Code, its primary objective is to enrich people's lives, both young and old, through music. The organization aims to make music an exciting experience and expand its reach to as many children's life experiences as possible. The Music Performance Trust Fund provides admission-free, live-quality music performances by professional musicians to the public, reaching diverse backgrounds across the United States and Canada. It supplements musicians' income at no cost to the recipients, offering this valuable gift of music freely.
Official website here: www.musicpf.org
Who is the CEO of Music Performance Trust Fund?
Daniel J Beck is the Trustee of Music Performance Trust Fund.
Official website here: www.musicpf.org
What is the revenue of Music Performance Trust Fund?
Music Performance Trust Fund's revenue in 2023 was $5,379,722.
Official website here: www.musicpf.org
Who are the executives of Music Performance Trust Fund and what are their salaries?
The average compensation at Music Performance Trust Fund during 2023 was $120,585. There are 5 employees and 4 volunteers at Music Performance Trust Fund.
Here are 6 key members and their salaries:
- Daniel Beck (Trustee)
- Alburn H Elvin (Director Of Finance)
- Andrea Finklestein (Co-Chair) [Trustee/Director]
- James Harrington (Co-Chair) [Trustee/Director]
- Robert W Johnson (Board Member) [Trustee/Director]
- Tracie Perry (Board Member) [Trustee/Director]
Official website here: www.musicpf.org
Where can I find the form 990 for Music Performance Trust Fund?
The Music Performance Trust Fund’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.musicpf.org
Learn more at the official website: www.musicpf.org
Mission Statement of Music Performance Trust Fund
The Music Performance Trust Fund, established in 1948, is a nonprofit organization with a mission to enrich the lives of the general public, spanning various age groups, through live, free music concerts. Headquartered independently, this tax-exempt entity, operating under Section 501(C)(3) of the Internal Revenue Code, stemmed from a significant collective bargaining agreement between the American Federation of Musicians and major recording companies.
The Music Performance Trust Fund's mission is multifaceted. It aims to contribute to the public's knowledge and appreciation of music, making music and music education an engaging and exciting experience. The organization seeks to make this precious gift of music accessible to every child's life experience, bringing professional musicians and their live performances to audiences of diverse backgrounds across the United States and Canada. By providing admission-free, high-quality music performances, the Music Performance Trust Fund supplements the income of musicians, offering a valuable service to the public at no cost.
Impact
This information is meant to be a general summary of Music Performance Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Music Performance Trust Fund's impact is significant in providing live free concerts to the public within the United States and Canada. Throughout the year, the organization has facilitated over 4,040 free concerts, both in-person and via streaming platforms, which have been attended by approximately 562,664 people. By offering high-quality music performances by professional musicians across various backgrounds, the Music Performance Trust Fund enriches the lives of individuals, young and old, through the power of music. Additionally, the organization aims to make music and music education an exciting and accessible experience for all, expanding its reach to every child's life experience. Overall, the MPTF's commitment to bringing music to the public and supporting musicians through income supplementation demonstrates its dedication to promoting public knowledge and appreciation of music.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECORDING INDUSTRY PAYMENTS
Revenue
$5,218,600
Organization Details
Founding Year
1948
Phone
(212) 391-3950
Principal Officer
Daniel J Beck
Main Address
1501 BROADWAY 9TH FLOOR, NEW YORK, NY, 10036
Website
www.musicpf.org
NTEE Category
Code: A120 - Arts
If you are a representative of Music Performance Trust Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.