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The Record Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271238513 ✦ Boston, MA ✦ Designated as a 501(c)(3)

Overview

What is The Record Company Inc?

The Record Company Inc, situated in Boston, Massachusetts, is a nonprofit organization committed to breaking down the financial and social barriers hindering local music creators in realizing their artistic potential. By offering an economical community workspace and equal professional development programs, this organization aims to empower musicians, helping them grow and refine their craft through collaborative projects. The nonprofit's mission is deeply rooted in fostering a supportive environment for Boston's music makers, enabling them to translate their creative visions into reality. With a team of 22 dedicated individuals, The Record Company Inc is making significant strides in the realm of music and artistic development.


Official website here: www.therecordco.org

Is The Record Company Inc legitimate?

The Record Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Record Company Inc 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: $95,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,103

For more financial information, click here


Official website here: www.therecordco.org

What is the mission statement of The Record Company Inc?

The Record Company Inc's mission is centered around eliminating both technical and social barriers that hinder Boston's music creators in realizing their artistic visions. They achieve this by providing affordable music workspaces and professional development programs. The organization's goal is to foster an equitable environment where artists can grow and enhance their craft through community-based projects. The Record Company Inc's activities are geared towards empowering musicians, enabling them to fully actualize their creative potential.


Official website here: www.therecordco.org

Who is the CEO of The Record Company Inc?

Matthew S Mcarthur is the Executive Director of The Record Company Inc.


Official website here: www.therecordco.org

What is the revenue of The Record Company Inc?

The Record Company Inc's revenue in 2022 was $3,016,827.


Official website here: www.therecordco.org

Who are the executives of The Record Company Inc and what are their salaries?

The average compensation at The Record Company Inc during 2022 was $23,484. There are 22 employees and 12 volunteers at The Record Company Inc.

Here are 8 key members and their salaries:

    Matthew S Mcarthur (Executive Director)
  • Compensation: $90,000
  • Related: $0
  • Other: $4,534

    • Doug Arsham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Escobar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Ethier (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zena Lum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rachel Jordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Mash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Schulert (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.therecordco.org

    Where can I find the form 990 for The Record Company Inc?

    The The Record Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.therecordco.org

    Learn more at the official website: www.therecordco.org

    Mission Statement of The Record Company Inc

    The Record Company Inc, a nonprofit organization, is committed to breaking down the technical and social barriers that hinder Boston's music creators from realizing their creative visions. They achieve this by providing genuinely affordable music workspaces and professional development programs. By offering these resources, The Record Company Inc empowers local musicians to grow and refine their artistic abilities through community-driven development projects.

    Impact

    This information is meant to be a general summary of The Record Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Record Company Inc has made a significant impact on the music community in Boston by providing affordable workspace and professional development programs for local music makers. By removing technical and social barriers, TRC has facilitated the growth and development of artists in the area, allowing them to realize their creative visions with greater ease. Through its commitment to supporting artists and fostering a strong community, The Record Company Inc has played a vital role in nurturing musical talent and creating opportunities for artists to thrive.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,417
  • Program Service Revenue: $389,064
  • Gross Receipts: $3,016,827

    • Assets and Liabilities:
  • Total Assets: $4,702,534
  • Total Liabilities: $362,437
  • Net Assets: $4,340,097
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDIO RENTAL

    Revenue

    $389,064

    Organization Details

    Founding Year

    2009

    Principal Officer

    Matthew S Mcarthur

    Main Address

    960 MASSACHUSETTS AVENUE, BOSTON, MA, 02118

    NTEE Category

    Code: A68 - Arts

    If you are a representative of The Record Company Inc 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.