named programs · 3 · from sources
What they call their work
Main-Annual Distribution
Distributes payments to musicians based on revenues from audio streams, physical sales, digital downloads, and licensing; calculated using weighted scale wages from the prior five years
Sampling Distribution
Distributes payments when a recorded song is sampled into a new song; funds are divided equally among musicians who performed on the original recording
Traditional Music Video Distribution
Distributes payments derived from revenues related to traditional music videos, divided equally among musicians who performed on the recorded songs featured in the videos
activities · 3 groups
What they do
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Music Licensing Rights Management 2 activities
- Administer distributions for Traditional Music Video participantsConducts annual distributions to musicians who participated in Traditional Music Videos for which payments were made to the Fund, ensuring residual compensation for eligible performers.
- Administer sampling royalty distributions to musiciansConducts annual distributions of sampling royalties to musicians whose recorded performances are sampled into new recordings. In one reported year, distributed $272,403 in sampling royalties to 1,340 musicians across 425 sampled songs.
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Union and Association Benefit Funds 1 activity
- Perform administrative operations for the Sound Recording Special Payments FundManages core administrative functions including collecting payments from record companies, determining musician eligibility, calculating distributions, withholding and remitting payroll taxes, issuing annual tax forms (e.g., W-2, T4A), and assigning unique SRSPF ID numbers to participants to protect personal information.
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Uncategorized 1 activity
- Distribute residual payments to musicians from sound recording exploitationDistributes annual residual payments to eligible musicians derived from record company revenues, including income from audio subscriptions, streaming services, audit recoveries, interest, and other sources, minus administrative expenses. The fund identifies eligible participants, calculates payable amounts, and withholds and remits payroll taxes.
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financials · form 990 · fy2024
revenue
Total revenue$15.77M
Contributions & grants$00%
Program service revenue$15.27M97%
Investment income$503K3%
Other revenue$0
expenses
Total expenses$14.20M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.72M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$23.05M
Cash$17.78M
Investments$3.01M
Liabilities$9.83M
Net assets$13.22M
Liquid reserves17.6 mo
4 years on record · 2020–2024 · YoY revenue +5.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 6
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ROBERT DIPAOLA | FUND ADMINISTRATOR | 40 | $395K |
| SYED ALI | DIRECTOR OF IT/SYSTEMS | 40 | $280K |
| VINCENT VISCONTI | DATABASE ARCHITECT | 40 | $239K |
| NANCY NARVARRO | SENIOR ACCOUNTANT | 40 | $156K |
| SUSAN WYLLIE | MUSICIANS' INFORMATION SERVICES MANAGER | 40 | $142K |
| PARIS GARDNER | OFFICE MANAGER | 40 | $141K |
board members · 4
- AUGUSTINO GAGLIARDI — AFM - LIAISON (SEE SCH. O)
- DAVE POMEROY — AFM - LIAISON (SEE SCH. O)
- DAVID FINCK — AFM - LIAISON (SEE SCH. O)
- JAMES HARRINGTON — CHAIR - OVERSIGHT
relationships · 9
Who they work with
- American Federation of Musicians and Employer’s Pension Fund Government — Reports scale wages data used to calculate musician distributions.
- American Federation of Musicians of the U.S. and Canada Government — Co-negotiates and maintains the Sound Recording Labor Agreement and SRSPF Agreement with signatory record companies to govern musician payments and benefits.
- American Federation of Musicians of the United States and Canada Government — Co-negotiates and governs the Sound Recording Labor Agreement and SRSPF Agreement, which define the fund's operations and distribution rules.
- American Federation of Musicians of the United States and Canada Partner — Collective bargaining partner that established the Sound Recording Labor Agreement enabling royalty distributions to musicians.
- David Finck Partner — AFM liaison to the SRSPF Oversight Committee.
- David Pomeroy Partner — AFM liaison to the SRSPF Oversight Committee.
- James A. Harrington Partner — Record company representative on the SRSPF Oversight Committee.
- Musicians' Pension Fund of Canada Government — Reports scale wages data used to calculate musician distributions.
- Tino Gagliardi Partner — AFM liaison to the SRSPF Oversight Committee.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Adaptive Distribution Administrationmethodology: adaptive_administrationBy adapting administrative processes to evolving music technologies and distribution models, the fund maintains effective royalty distribution over time, because rigid systems would fail to capture value from new forms of sound recording exploitation.
- Collective-Bargaining-Based Distribution Frameworkmethodology: collective_bargaining_distributionBy leveraging collectively bargained agreements with record companies, the fund ensures fair and enforceable royalty collection and distribution to musicians, because these agreements legally bind industry actors to contribute based on sound recording exploitation across formats.
- Pro-Rata Allocation by Participationmethodology: pro_rata_participationBy allocating royalty payments proportionally according to the number of participating musicians, the fund ensures equitable disbursement, because each participant’s share reflects their direct involvement in the original recording.
- Weighted Pro-Rata Compensation Modelmethodology: weighted_pro_rataBy weighting musician compensation based on recency of scale wages, the fund produces more equitable residual distributions that reflect current industry participation levels, because recent activity is considered a stronger indicator of ongoing contribution and relevance.