2025-03-25T09:41:45-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 271238513 THE RECORD COMPANY INC RECO 6177650155 960 MASSACHUSETTS AVENUE BOSTON MA 02118 BOBBY BOYD EXECUTIVE DIRECTOR 6177650155 2025-03-24 1 1 AMBER BICHUN P01718349 4014214800 2025-03-24 2023 2025-03-06 01:10:19Z BOBBY BOYD 960 MASSACHUSETTS AVENUE BOSTON MA 02118 2394889 0 X WWW.THERECORDCO.ORG X 2009 MA TO REMOVE THE TECHNICAL AND SOCIAL BARRIERS BETWEEN BOSTON'S MUSIC MAKERS AND THEIR CREATIVE VISIONS THROUGH TRULY AFFORDABLE MUSIC WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAMS. 12 12 23 0 0 0 696220 1158266 763906 1199564 29418 29415 6500 7644 1496044 2394889 68940 0 0 0 870806 906964 0 0 167721 1560765 1913424 2500511 2820388 -1004467 -425499 12516063 12379553 9180433 9469422 3335630 2910131 TO REMOVE THE TECHNICAL AND SOCIAL BARRIERS BETWEEN BOSTON'S MUSIC MAKERS AND THEIR CREATIVE VISIONS THROUGH TRULY AFFORDABLE MUSIC WORKSPACE AND PROFESSIONAL DEVELOPMENT PROGRAMS. 0 0 2088133 1199564 THE RECORD COMPANY ("TRC") WAS FORMED TO REMOVE TECHNICAL AND SOCIAL BARRIERS BETWEEN BOSTON MUSIC MAKERS AND THEIR CREATIVE VISIONS BY PROVIDING AN AFFORDABLE COMMUNITY WORKSPACE AND EQUITABLE PROFESSIONAL DEVELOPMENT PROGRAMS. ADDITIONALLY, TRC HAS HELPED ARTISTS GROW AND DEVELOP THEIR ARTISTRY THROUGH PROFESSIONAL COMMUNITY DEVELOPMENT PROJECTS. 2088133 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 24 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X INSOURCE SERVICES INC 7812351490 148 LINDEN ST WELLESLEY MA 02482 MATTHEW S MCARTHUR EXECUTIVE DIRECTOR (THRU 3/24) 39.00 1.00 X X 97828 0 3622 RACHEL JORDAN CHAIR 1.00 X X 0 0 0 ZENA LUM CO-CHAIR 1.00 X X 0 0 0 ANDREW SCHULERT TREASURER 1.00 1.00 X X 0 0 0 MARK ETHIER BOARD AND ADVANCEMENT COMMITTE CHAIR 1.00 X X 0 0 0 DOUG ARSHAM DIRECTOR 1.00 X 0 0 0 TESSIL COLLINS DIRECTOR 1.00 X 0 0 0 JOHN ESCOBAR DIRECTOR 1.00 1.00 X 0 0 0 MATTHEW LINDLEY DIRECTOR 1.00 X 0 0 0 NADINA TALUKDAR DIRECTOR 1.00 X 0 0 0 ANDY YOUNISS DIRECTOR 1.00 X 0 0 0 DAVID MASH GOVERNANCE COMMITTEE CHAIR 1.00 X 0 0 0 BOBBY BOYD EXECUTIVE DIRECTOR (AS OF 6/24) 39.00 1.00 X X 97298 0 3622 195126 0 7244 0 0 0 0 0 1158266 5855 1158266 STUDIO RENTAL 711190 1199564 1199564 1199564 29415 29415 7644 7644 7644 2394889 1199564 0 37059 X 273483 197838 45145 30500 527517 380414 86879 60224 35070 28718 6352 70894 69025 1869 5855 5855 388816 151942 221843 15031 15001 5775 8655 571 51738 44967 6708 63 50241 37869 11970 402 1212301 1064924 87951 59426 23999 16126 7455 418 4136 4136 123870 61195 62675 22162 19468 1608 1086 15305 9872 5433 2820388 2088133 564534 167721 217633 274571 5561 5561 132932 112232 39054 18639 2941630 2941630 5790 4888 32083 3983 762736 268741 617866 493995 8523514 8524054 12516063 12379553 162003 136598 19005 24454 8999425 9308370 9180433 9469422 X 3006840 2598076 328790 312055 3335630 2910131 12516063 12379553 -425499 0 X 0 1 X 1 0 X 1882015 2546621 1889935 696220 1158266 8173057 1882015 2546621 1889935 696220 1158266 8173057 2859626 5313431 14791 29417 29417 29418 29415 132458 2170 62694 708411 7644 780919 9086434 2359574 0.58480 0.97950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 2,170. 2020 AMOUNT: $ 62,694. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 7,644. FORGIVENESS OF DEBT - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 708,411. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 481156 106789 374367 281580 161952 119628 493995 OPERATING LEASE - RIGHT OF USE ASSET 8444951 SECURITY DEPOSITS 79103 8524054 LEASE LIABILITY 9106260 EIDL LOAN 150000 DUE TO RELATED PARTY 52110 9308370 X PART X, LINE 2: TRC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TRC IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, TRC APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS COMBINED FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED TRC'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE MADE AVAILABLE TO THE MEMBERS OF THE GOVERNING BOARD TO REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS REVIEW AND SIGN CONFLICT OF INTEREST AGREEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE FINANCE COMMITTEE AND PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, WHICH ARE DOCUMENTED IN MEETING MINUTES. TOTAL COMPENSATION IS COMPARED TO OTHER NONPROFITS ORGANIZATIONS OF SIMILAR SIZE, MISSION AND GEOGRAPHY. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS DURING THE TAX YEAR ARE PROVIDED TO THE PUBLIC IF A WRITTEN REQUEST IS SUBMITTED TO THE RECORD COMPANY, INC. IN ADDITION, AN ELECTRONIC VERSION IS AVAILABLE FOR PUBLIC INSPECTION ON THE MA ATTORNEY GENERAL'S WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES AND CONSULTANTS: PROGRAM SERVICE EXPENSES 151,942. MANAGEMENT AND GENERAL EXPENSES 221,843. FUNDRAISING EXPENSES 15,031. TOTAL EXPENSES 388,816. FRIENDS OF THE RECORD COMPANY INC 960 MASSACHUSETTS AVENUE BOSTON MA 02118 841799483 SUPPORTING ORGANIZATION MA 501(C)(3) LINE 12A, TYPE I THE RECORD COMPANY INC 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 FRIENDS OF THE RECORD COMPANY INC J 664971 FMV