Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
30 people listed on the 990; $5.0M paid to officers and key staff.
Kris Ahrend’s $816K as CEO is at the 85th percentile of top reported officer pay among 34 $100M+ employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kris Ahrend | $815,740 | — | — | — | — |
| Kristopher Ahrend | — | $785,055 | $664,383 | $665,307 | $624,962 |
| Ilene Weintraub | $558,252 | $518,288 | $465,946 | $432,593 | $99,846 |
| Richard Thompson | $558,064 | $525,189 | $195,041 | — | — |
| Ellen Truley | $459,400 | $392,686 | $336,094 | $341,724 | $265,127 |
| Kristen Johns | $173,863 | $373,954 | $364,625 | $330,506 | — |
| Lindsey Major | $307,567 | $247,946 | $217,089 | $201,123 | $103,954 |
| Maurice Russell | $291,548 | $285,276 | $275,350 | $261,202 | $259,688 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Collects mechanical royalties for songwriters and publishers, managing copyright data and educating the public.
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Administration of blanket mechanical licenses to digital music providers (DMP'S); collection, matching, and distribution of royalties received from DMP'S; continued planning and implementation for license and royalty administration operations; work on regulatory measures to support license and royalty administration operations; industry…
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $138.8M | $7.7M |
| InvestmentsLn 11–13 | $804.6M | $1.21B |
| Land, buildings, equipmentLn 10c | $1.3M | $1.1M |
| Total assetsLn 16 | $954.0M | $1.23B |
| LiabilitiesLn 26 | $944.1M | $1.20B |
| Net assetsLn 32 | $10.0M | $32.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $4.2M | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $7.9M | |||
| Pension plan contributionsLn 8 | $212K | |||
| Other employee benefitsLn 9 | $548K | |||
| Payroll taxesLn 10 | $857K | |||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $1.7M | |||
| Accounting feesLn 11c | $356K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $60K | |||
| Other fees for servicesLn 11g | $2.0M | |||
| Advertising and promotionLn 12 | $1.2M | |||
| Office expensesLn 13 | $435K | |||
| Information technologyLn 14 | $11.7M | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $667K | |||
| TravelLn 17 | $448K | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $478K | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $1.5M | |||
| InsuranceLn 23 | $580K | |||
| Other expenses (24a–d)Ln 24 | $35.7M | |||
| Total functional expensesLn 25 | $70.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $111.3M | $86.2M | $25.1M | $61.4M | 990 PDF |
| FY2023 Viewing | $84.7M | $70.6M | $14.1M | $32.7M | 990 PDF |
| FY2022 | $44.6M | $43.5M | $1.1M | $10.0M | 990 PDF |
| FY2021 | $31.0M | $26.5M | $4.6M | $15.4M | 990 PDF |
| FY2020 | $22.8M | $14.6M | $8.2M | $12.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $84,657,502 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, no flags
Part VIII · Statement of revenue $84,657,502 across 8 lines filed
Part IX · Statement of functional expenses $70,586,120 across 30 lines filed
Part X · Balance sheet $1,229,445,353 assets, 24 lines filed
Part XI · Reconciliation of net assets $32,702,011 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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