Nonprofit · EIN 13-6180704
SOUND RECORDING SPECIAL PAYMENTS FUND
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $15,768,744 | $14,198,832 | $1,569,912 | $23,045,881 | $9,826,764 | $13,219,117 |
| April 30, 2024 | 990 | $15,003,291 | $13,867,372 | $1,135,919 | $22,748,683 | $11,364,839 | $11,383,844 |
| April 30, 2023 | 990 | $14,238,259 | $13,313,129 | $925,130 | $21,669,111 | $11,426,948 | $10,242,163 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $15,265,254
- Investment income
- $503,490
- Net gain from sales of assets
- -$158,431
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $12,204,167
- Compensation of officers, directors and key employees
- $402,533
- Other salaries and wages
- $913,386
- Salaries, compensation and benefits (total)
- $1,720,356
- Professional fundraising fees
- $0
- Legal fees
- $7,981
- Accounting fees
- $98,375
- Occupancy
- $400,354
- Travel
- $3,942
- Depreciation
- $71,056
Balance sheet and other
- Total assets, start of year
- $22,748,683
- Total assets, end of year
- $23,045,881
- Total liabilities, end of year
- $9,826,764
- Net assets, end of year
- $13,219,117
- Land, buildings and equipment
- $133,076
- Publicly traded securities
- $3,008,415
- Net assets with donor restrictions
- $13,219,117
- Gross receipts
- $22,797,679
- Employees
- 11,783
- Volunteers
- 1
- Year formed
- 1964
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT DIPAOLA | FUND ADMINISTRATOR Officer | 40 | $346,846 | $47,741 |
| SYED ALI | DIRECTOR OF IT/SYSTEMS Highest-paid employee | 40 | $208,878 | $71,249 |
| VINCENT VISCONTI | DATABASE ARCHITECT Highest-paid employee | 40 | $176,939 | $61,874 |
| NANCY NARVARRO | SENIOR ACCOUNTANT Highest-paid employee | 40 | $112,026 | $44,472 |
| SUSAN WYLLIE | MUSICIANS' INFORMATION SERVICES MANAGER Highest-paid employee | 40 | $113,385 | $28,361 |
| PARIS GARDNER | OFFICE MANAGER Highest-paid employee | 40 | $112,306 | $29,165 |
| JAMES HARRINGTON | CHAIR - OVERSIGHT Trustee or director, Officer | 1 | $0 | $0 |
| AUGUSTINO GAGLIARDI | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| DAVE POMEROY | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| DAVID FINCK | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
990 for the year ended April 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT DIPAOLA | FUND ADMINISTRATOR Officer | 40 | $341,335 | $46,832 |
| SYED ALI | DIRECTOR OF IT/SYSTEMS Highest-paid employee | 40 | $220,984 | $66,628 |
| VINCENT VISCONTI | DATABASE ARCHITECT Highest-paid employee | 40 | $187,229 | $66,928 |
| NANCY NARVARRO | SENIOR ACCOUNTANT Highest-paid employee | 40 | $119,014 | $41,554 |
| SUSAN WYLLIE | MUSICIANS' INFO SVCS MANAGER Highest-paid employee | 40 | $119,221 | $27,022 |
| PARIS GARDNER | MANAGER Highest-paid employee | 40 | $118,814 | $27,225 |
| JAMES HARRINGTON | CHAIR - OVERSIGHT Trustee or director, Officer | 1 | $0 | $0 |
| David Finck | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| Augustino Gagliardi | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| RAYMOND M HAIR JR thru 923 | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| Dave Pomeroy | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
990 for the year ended April 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT DIPAOLA | FUND ADMINISTRATOR Officer | 40 | $333,624 | $44,967 |
| SYED ALI | DIRECTOR OF IT/SYSTEMS Highest-paid employee | 40 | $202,695 | $69,933 |
| VINCENT VISCONTI | DATABASE ARCHITECT Highest-paid employee | 40 | $172,015 | $66,070 |
| NANCY NARVARRO | SENIOR ACCOUNTANT Highest-paid employee | 40 | $108,560 | $43,254 |
| PARIS GARDNER | MANAGER Highest-paid employee | 40 | $109,360 | $28,092 |
| SUSAN WYLLIE | MUSICIANS' INFO SVCS MANAGER Highest-paid employee | 40 | $105,856 | $27,651 |
| JAMES HARRINGTON | CHAIR - OVERSIGHT Trustee or director, Officer | 1 | $0 | $0 |
| David Finck | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| Augustino Gagliardi | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| RAYMOND M HAIR JR | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
| Dave Pomeroy | AFM - LIAISON (SEE SCH. O) Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 E 52ND ST FL 24001, NEW YORK, NY 10022-6246
- In care of
- % V ROBERT DIPAOLA
- Principal officer (990 for 2024)
- ROBERT DIPAOLA, 150 EAST 52ND STREET SUITE 24001, NEW YORK, NY 10022
- Signed the 990
- ROBERT DIPAOLA, FUND ADMINISTRATOR
- Phone
- (212) 516-1400
- Website
- WWW.SOUND-RECORDING.ORG
- Return prepared by
- BDO USA
Mission
DEDICATED TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS. WE ARE COMMITTED TO OPERATE WITH INTEGRITY AND PROFICIENTLY, TO PROVIDE EXCEPTIONAL SERVICE TO MUSICIANS AND TO ADAPT TO CHANGES IN THE MUSIC INDUSTRY AS IT EVOLVES.
Program accomplishments
- TO COLLECT AND TO DISTRIBUTE RESIDUAL PAYMENTS TO MUSICIANS AS A RESULT OF THEIR CRAFTSMANSHIP IN CREATING SOUND RECORDINGS.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 13-6180704
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $23,045,881
- Income (IRS master file)
- $22,797,679
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $15,768,744 | $14,198,832 | $23,045,881 | XML |
| 990 | April 2024 | $15,003,291 | $13,867,372 | $22,748,683 | XML |
| 990 | April 2023 | $14,238,259 | $13,313,129 | $21,669,111 | XML |
| 990 | April 2022 | – | – | – | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-6180704).
Questions about SOUND RECORDING SPECIAL PAYMENTS FUND
- What is the EIN of SOUND RECORDING SPECIAL PAYMENTS FUND?
- The employer identification number (EIN) of SOUND RECORDING SPECIAL PAYMENTS FUND is 13-6180704.
- Is SOUND RECORDING SPECIAL PAYMENTS FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2020.
- Are donations to SOUND RECORDING SPECIAL PAYMENTS FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUND RECORDING SPECIAL PAYMENTS FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUND RECORDING SPECIAL PAYMENTS FUND due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUND RECORDING SPECIAL PAYMENTS FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of SOUND RECORDING SPECIAL PAYMENTS FUND?
- The 990 for the year ended April 30, 2025 names ROBERT DIPAOLA.
- Who are the officers and directors of SOUND RECORDING SPECIAL PAYMENTS FUND?
- The 990 for the year ended April 30, 2025 lists 10 people; 6 received compensation from the organization, the highest $346,846 (ROBERT DIPAOLA, FUND ADMINISTRATOR).
- How much revenue does SOUND RECORDING SPECIAL PAYMENTS FUND have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $15,768,744, expenses of $14,198,832 and total assets of $23,045,881 at year end.
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