Afm & Sag-Aftra Intellectual Property Rights Distribution Fund

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

EIN: 954815790 ✦ Valley village, CA ✦ Designated as a 501(c)(6)

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

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 not tax deductible.

Here 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):

    Stefanie Taub (Chief Executive Officer)
  • Compensation: $380,622
  • Related: $0
  • Other: $62,688

    • Sidney Kibodeaux White (Chief Operating Officer)
  • Compensation: $229,669
  • Related: $0
  • Other: $75,721

    • Lei Bowen (Chief Financial Officer)
  • Compensation: $224,849
  • Related: $0
  • Other: $53,618

    • Robert Rusek (It Director)
  • Compensation: $199,341
  • Related: $0
  • Other: $71,797

    • Lorena Lewbel (Dir, Applications Development)
  • Compensation: $186,287
  • Related: $0
  • Other: $54,801

    • Karen Tucker (Dir, Hr & Legal Affaris)
  • Compensation: $182,403
  • Related: $0
  • Other: $39,689

    • Jeffrey Trafican (Controller)
  • Compensation: $167,342
  • Related: $0
  • Other: $30,698

    • Maria Vittali (Manager Fp And A)
  • Compensation: $137,225
  • Related: $0
  • Other: $28,796

    • Raymond M Hair Jr (Trustee/Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Coil (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tino Gagliardi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Acosta (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Pomeroy (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Navarro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Duncan Crabtree-Ireland (Trustee/Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janice Pendarvis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jasper Randall (Alternate Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristina Gorbacsov (Alternate Trustee)
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Afm & Sag-Aftra Intellectual Property Rights Distribution Fund plays a crucial role in collecting and distributing royalties on behalf of non-featured instrumental musicians and vocalists. By actively managing these intellectual property rights, the Fund ensures that these talented individuals receive fair compensation for their contributions to various projects in the entertainment industry. This support helps sustain the livelihoods of these artists and contributes to the overall cultural landscape by recognizing and valuing their creative efforts.





    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: $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
  • 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

    Principal Officer

    Lei Bowen

    Main Address

    4705 LAUREL CANYON BLVD SUITE 400, VALLEY VILLAGE, CA, 91607

    NTEE Category

    Code: Y00 - Mutual benefit

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