Overview
What is Sag-Aftra & Industry Sound Recordings Distribution Fund?
The Sag-Aftra and Industry Sound Recordings Distribution Fund is a nonprofit organization based in Valley Village, California. Its primary function involves receiving and distributing payments compliant with the SAG-AFTRA National Code of Fair Practice for Sound Recordings. The fund serves to disburse SAG-AFTRA Sound Recordings Code digital exploitation payments and license fees, as well as finance its operations. It collects royalties from digital downloads and audio streaming revenues to distribute as payments and cover expenses. The organization plays a crucial role in managing digital media rights and redistributing the acquired funds to relevant parties.
Is Sag-Aftra & Industry Sound Recordings Distribution Fund legitimate?
Sag-Aftra & Industry Sound Recordings Distribution Fund is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sag-Aftra & Industry Sound Recordings 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 not tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Sag-Aftra & Industry Sound Recordings Distribution Fund?
The Sag-Aftra & Industry Sound Recordings Distribution Fund functions with the primary goal of administering and distributing payments in accordance with the SAG-AFTRA National Code of Fair Practice for Sound Recordings. The fund collects and redistributes royalties from digital downloads and audio streaming revenues. Its mission is to ensure that proceeds from permanent and non-permanent digital media exploitation of sound recordings and music videos reach their rightful owners. The organization plays a crucial role in the music industry by managing digital exploitation payments and providing financing for its operations.
Who is the CEO of Sag-Aftra & Industry Sound Recordings Distribution Fund?
David Walsh is the Industry Trustee of Sag-Aftra & Industry Sound Recordings Distribution Fund.
What is the revenue of Sag-Aftra & Industry Sound Recordings Distribution Fund?
Sag-Aftra & Industry Sound Recordings Distribution Fund's revenue in 2022 was $21,528,760.
Who are the executives of Sag-Aftra & Industry Sound Recordings Distribution Fund and what are their salaries?
- Duncan Crabtree-Ireland (Union Trustee/Chairman)
- Janice Pendarvis (Union Trustee)
- David Walsh (Industry Trustee)
- Tracie Parry (Industry Trustee)
Where can I find the form 990 for Sag-Aftra & Industry Sound Recordings Distribution Fund?
The Sag-Aftra & Industry Sound Recordings Distribution Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Sag-Aftra & Industry Sound Recordings Distribution Fund
The Sag-Aftra & Industry Sound Recordings Distribution Fund is a vital organization established to administer and distribute payments in accordance with the SAG-AFTRA National Code of Fair Practice for Sound Recordings. Its primary mission is to receive and disperses digital exploitation payments and license fees from revenues generated by the permanent and non-permanent downloads of sound recordings and music videos, as well as audio streaming. The Fund serves as a crucial intermediary between creators and distributors in the sound recording industry, ensuring that artists and record labels are fairly compensated for their work. By collecting and distributing royalties, the Fund plays a significant role in upholding the principles of fair practice and financial security within the industry. The organization's mission is driven by its commitment to maintaining the integrity of the creative process and ensuring that artists are fairly compensated for their contributions to the world of sound recordings.
Impact
This information is meant to be a general summary of Sag-Aftra & Industry Sound Recordings Distribution Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Sag-Aftra & Industry Sound Recordings Distribution Fund plays a crucial role in the music industry by receiving and distributing payments in accordance with the SAG-AFTRA National Code of Fair Practice for Sound Recordings. By collecting royalties from digital downloads of sound recordings and music videos, as well as audio streaming, the fund ensures that artists and creators are fairly compensated for their work. This impact extends to supporting the livelihoods of musicians and industry professionals, contributing to the overall sustainability and growth of the music community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTY RECEIPTS
Revenue
$21,018,315
Organization Details
Founding Year
2013
Phone
(818) 255-7980
Principal Officer
David Walsh
Main Address
4705 LAUREL CANYON BLVD 400, VALLEY VILLAGE, CA, 91607
NTEE Category
Code: S41 - Community improvement
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