Totals
- Total revenue
- $5,974,374
- Total expenses
- $5,818,819
- Contributions and grants received
- $37,500
- Grants paid
- $178,788
- Program service revenue
- $5,656,709
- Investment income
- $280,165
- Other revenue
- $0
- Total assets, end of year
- $11,023,027
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,023,027
- Program services expenses (Part IX)
- $5,376,169
- Management and general expenses
- $442,650
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,376,169
Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$37,500
-
2a · Program service revenue: RECORDING INDUSTRY PAYMENTS
total $5,656,709 · related or exempt $5,656,709
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $272,674 · excluded $272,674
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $9,425,082
-
7b · Less cost or other basis and sales expenses
securities $9,417,591
-
7c · Gain or loss
securities $7,491 · other assets $0
-
7d · Net gain or loss
total $7,491 · excluded $7,491
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $106,600 · program services $106,600
-
3 · Grants to foreign organizations and individuals
total $72,188 · program services $72,188
-
5 · Compensation of officers, directors and key employees
total $481,200 · program services $322,404 · management and general $158,796
-
7 · Other salaries and wages
total $296,472 · program services $198,636 · management and general $97,836
-
8 · Pension plan contributions
total $34,773 · program services $23,298 · management and general $11,475
-
9 · Other employee benefits
total $93,548 · program services $62,677 · management and general $30,871
-
10 · Payroll taxes
total $55,518 · program services $37,197 · management and general $18,321
-
11b · Fees: legal
total $10,010 · program services $10,010
-
11c · Fees: accounting
total $58,874 · management and general $58,874
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $93,140 · program services $62,404 · management and general $30,736
-
13 · Office expenses
total $21,088 · program services $14,129 · management and general $6,959
-
14 · Information technology
total $7,399 · program services $4,957 · management and general $2,442
-
16 · Occupancy
total $50,000 · program services $33,500 · management and general $16,500
-
17 · Travel
total $660 · program services $534 · management and general $126
-
22 · Depreciation, depletion and amortization
total $11,081 · program services $7,424 · management and general $3,657
-
23 · Insurance
total $13,530 · program services $13,530
-
24a · Other expenses: MUSIC PERFORMANCES
total $4,394,387 · program services $4,394,387
-
24e · All other expenses
total $18,351 · program services $12,294 · management and general $6,057 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,706 · end of year $343,523
-
2 · Savings and temporary cash investments
beginning of year $1,713,376 · end of year $2,945,684
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$84,807
-
10b · Land, buildings and equipment: accumulated depreciation
$79,579
-
10c · Land, buildings and equipment, net
beginning of year $12,407 · end of year $5,228
-
11 · Investments: publicly traded securities
beginning of year $8,846,246 · end of year $7,728,592
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $18,703
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $10,688,032 · end of year $11,023,027
Mission and programs · 2024
Mission
THE MUSIC PERFORMANCE TRUST FUND (MPTF) was established in 1948 as a nonprofit independent public service organization whose mission includes contributing to the public knowledge and appreciation of music. Headquartered in New York City, the tax-exempt MPTF, operating under section 501(c)(3) of the Internal Revenue Code, evolved from a landmark collective bargaining agreement between the American Federation of Musicians and the major recording companies of the day. We seek to enrich the lives of the general public, young and old, through music. To make music and music education an exciting experience and to expand it to every child's life experience. Today the MPTF is a vital organization that brings music to the public and provides admission-free, live quality music performed by professional musicians to the public of all backgrounds throughout the United States and Canada. MPTF supplements the income of musicians, all at no cost to those receiving this precious gift of music.
Activities or mission (Part I)
TO PROVIDE LIVE FREE CONCERTS TO THE PUBLIC WITHIN THE UNITED STATES AND CANADA
-
During the year the organization provided 4,728 free concerts (in-person and streaming), in the United States (3,304) and Canada (1,424). Combined attendance is estimated at 819,200.
Expenses $5,376,169 · Grants $178,788 · Revenue $5,656,709
As filed on the 2024 return.
Listed in Part VII
-
Andrea Finkelstein
Co-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Daniel J Beck
TRUSTEE
- Total calculated
- $259,673
- From this org
- $200,000
- From related orgs
- $0
- Other
- $59,673
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $50,000
- Other
- $0
- Deferred
- $23,008
- Nontaxable benefits
- $36,665
- Filer's total
- $259,673
-
James Harrington
Co-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Robert W Johnson
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tracie Parry
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alburn H ElvinALBURN H ELVIN
DIRECTOR OF FINANCE
- Total calculated
- $192,385
- From this org
- $140,721
- From related orgs
- $0
- Other
- $51,664
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,492
- Bonus
- $5,229
- Other
- $0
- Deferred
- $15,504
- Nontaxable benefits
- $36,160
- Filer's total
- $192,385
-
Samantha Ramos
Director, Grant Management
- Total calculated
- $166,514
- From this org
- $102,467
- From related orgs
- $0
- Other
- $64,047
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $98,654
- Bonus
- $3,813
- Other
- $0
- Deferred
- $11,191
- Nontaxable benefits
- $52,856
- Filer's total
- $166,514
-
Vidrey BlackburnVIDREY BLACKBURN
Senior Director, Grant Management
- Total calculated
- $147,513
- From this org
- $114,783
- From related orgs
- $0
- Other
- $32,730
- Hours/week
- 40
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 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 7 Non-fixed payments
- During the year non-fixed payments, in the form of bonuses, were paid to various employees.
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
- 2024
- Filed
- 9 December 2025
- IRS schema version
- 2024v5.1
- Source object
- 202523439349301207
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