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← MECHANICAL LICENSING COLLECTIVE

Form 990 for tax year 2022

Filed by MECHANICAL LICENSING COLLECTIVE.

Totals

Total revenue
$44,636,158
Total expenses
$43,509,670
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,355,000
Investment income
$15,281,158
Other revenue
$0
Total assets, end of year
$954,040,606
Total liabilities, end of year
$944,089,086
Net assets or fund balances, end of year
$9,951,520
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ASSESSMENTS

    total $29,355,000 · related or exempt $29,355,000

  • 3 · Investment income

    total $15,281,158 · excluded $15,281,158

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,494,418

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,245,306

  • 8 · Pension plan contributions

    total $153,079

  • 9 · Other employee benefits

    total $311,532

  • 10 · Payroll taxes

    total $656,047

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $785,112

  • 11c · Fees: accounting

    total $409,129

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $55,000

  • 11g · Fees: other

    total $1,799,815

  • 12 · Advertising and promotion

    total $579,827

  • 13 · Office expenses

    total $421,930

  • 14 · Information technology

    total $10,827,236

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $641,104

  • 17 · Travel

    total $285,386

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $311,645

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,430,908

  • 23 · Insurance

    total $639,661

  • 24a · Other expenses: ROYALTY INTEREST EXPENSE

    total $14,462,535

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,499,604 · end of year $6,989,000

  • 2 · Savings and temporary cash investments

    beginning of year $72,133,215 · end of year $131,761,322

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $238,044 · end of year $790,893

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,378 · end of year $475,893

  • 10a · Land, buildings and equipment: cost or other basis

    $1,497,703

  • 10b · Land, buildings and equipment: accumulated depreciation

    $200,007

  • 10c · Land, buildings and equipment, net

    beginning of year $1,447,702 · end of year $1,297,696

  • 11 · Investments: publicly traded securities

    beginning of year $656,426,580 · end of year $804,555,579

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $4,215,780 · end of year $3,028,125

  • 15 · Other assets

    beginning of year $99,999 · end of year $5,142,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $558,206 · end of year $910,224

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,621,511 · end of year $6,964,097

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $719,633,115 · end of year $936,214,765

  • 27 · Net assets without donor restrictions

    beginning of year $15,396,470 · end of year $9,951,520

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

ADMINISTER MECHANICAL LICENSES AND PROCESS ROYALTIES FOR SONGWRITERS AND MUSIC PUBLISHERS, MAINTAIN MUSICAL WORKS COPYRIGHT OWNERSHIP DATABASE AND EDUCATE THE PUBLIC.

  • 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 SUPPORT AND COORDINATION.

As filed on the 2022 return.

Listed in Part VII

  • Kristopher Ahrend

    CEO

    Total calculated
    $699,449
    From this org
    $664,383
    From related orgs
    $0
    Other
    $35,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $601,646
    Bonus
    $62,737
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $23,466
    Filer's total
    $700,049

  • Ilene Weintraub

    CFO

    Total calculated
    $506,175
    From this org
    $465,946
    From related orgs
    $0
    Other
    $40,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,491
    Bonus
    $44,455
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $28,629
    Filer's total
    $506,775

  • Kristen Johns

    CHIEF LEGAL OFFICER

    Total calculated
    $398,498
    From this org
    $364,625
    From related orgs
    $0
    Other
    $33,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,737
    Bonus
    $34,888
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $22,273
    Filer's total
    $399,098

  • Ellen Truley

    CHIEF MARKETING OFFICER

    Total calculated
    $362,861
    From this org
    $336,094
    From related orgs
    $0
    Other
    $26,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,396
    Bonus
    $31,698
    Other
    $0
    Deferred
    $12,200
    Nontaxable benefits
    $15,167
    Filer's total
    $363,461

  • Maurice Russell

    HEAD OF RIGHTS MANAGEMENT

    Total calculated
    $304,300
    From this org
    $275,350
    From related orgs
    $0
    Other
    $28,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,154
    Bonus
    $26,196
    Other
    $0
    Deferred
    $11,322
    Nontaxable benefits
    $18,228
    Filer's total
    $304,900

  • Andrew Mitchell

    HEAD OF ANALYTICS & AUTOMATION

    Total calculated
    $258,417
    From this org
    $227,333
    From related orgs
    $0
    Other
    $31,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,134
    Bonus
    $22,199
    Other
    $0
    Deferred
    $9,583
    Nontaxable benefits
    $22,717
    Filer's total
    $259,633

  • Makessa Benjamin

    HEAD OF FINANCE

    Total calculated
    $245,605
    From this org
    $227,010
    From related orgs
    $0
    Other
    $18,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,699
    Bonus
    $21,311
    Other
    $0
    Deferred
    $9,206
    Nontaxable benefits
    $9,989
    Filer's total
    $246,205

  • Nathan Osher

    ASST GEN COUN - PUB. RELATIONS

    Total calculated
    $243,018
    From this org
    $210,661
    From related orgs
    $0
    Other
    $32,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,850
    Bonus
    $20,811
    Other
    $0
    Deferred
    $8,991
    Nontaxable benefits
    $23,966
    Filer's total
    $243,618

  • Leigh McCorkle

    CHIEF PEOPLE OFFICER

    Total calculated
    $242,786
    From this org
    $226,645
    From related orgs
    $0
    Other
    $16,141
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,465
    Bonus
    $21,180
    Other
    $0
    Deferred
    $9,142
    Nontaxable benefits
    $7,599
    Filer's total
    $243,386

  • Richard Thompson

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $230,290
    From this org
    $195,041
    From related orgs
    $0
    Other
    $35,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,264
    Bonus
    $48,777
    Other
    $0
    Deferred
    $663
    Nontaxable benefits
    $34,786
    Filer's total
    $230,490

  • Lindsey Major

    HEAD OF CUSTOMER EXPERIENCE

    Total calculated
    $230,171
    From this org
    $217,089
    From related orgs
    $0
    Other
    $13,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,793
    Bonus
    $20,296
    Other
    $0
    Deferred
    $8,757
    Nontaxable benefits
    $5,506
    Filer's total
    $231,352

  • Daetwaun Bogan

    HEAD OF 3RD PARTY PARTNERSHIPS

    Total calculated
    $212,947
    From this org
    $207,143
    From related orgs
    $0
    Other
    $5,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,963
    Bonus
    $19,180
    Other
    $0
    Deferred
    $1,544
    Nontaxable benefits
    $4,860
    Filer's total
    $213,547

  • Richard Marshall

    ASST GEN COUNSEL-DSP RELATIONS

    Total calculated
    $204,536
    From this org
    $196,669
    From related orgs
    $0
    Other
    $7,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,459
    Bonus
    $18,210
    Other
    $0
    Deferred
    $7,867
    Nontaxable benefits
    $600
    Filer's total
    $205,136

  • Joya Carmichael

    HEAD OF OPERATIONS

    Total calculated
    $203,342
    From this org
    $195,021
    From related orgs
    $0
    Other
    $8,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,897
    Bonus
    $18,124
    Other
    $0
    Deferred
    $7,821
    Nontaxable benefits
    $1,651
    Filer's total
    $204,493

  • Maurice Buckberry

    Director/Information Tech.

    Total calculated
    $200,984
    From this org
    $183,356
    From related orgs
    $0
    Other
    $17,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,666
    Bonus
    $17,690
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,228
    Filer's total
    $201,584

  • Alisa Coleman

    DIRECTOR/CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    10

  • Kevin Kadish

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Oak Felder

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rell Lafargue

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Michael Abitbol

    DIRECTOR (FROM 12/05/22)

    Total calculated
    $0
    Hours/week
    2

  • Jeff Brabec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter Brodsky

    DIRECTOR (THRU 12/04/22)

    Total calculated
    $0
    Hours/week
    2

  • Bob Bruderman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Cohan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott Cutler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kara Dioguardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Kokakis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Claire McAuley

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mike Molinar

    Director

    Total calculated
    $0
    Hours/week
    2

  • Craig Wiseman

    Director

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313209349301536

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