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EIN 84-1799483

Friends of the Record Company

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Boston
State
Massachusetts
Year formed
2019
Most recent tax filings
2023-06-01
NTEE code, primary
A68: Music
Description
Friends of the Record Company, Inc. is dedicated to providing support for The Record Company, Inc. through financing and funds in the form of grants and low-interest loans. This is done with the sole purpose of benefitting TRC's mission and exempt purpose. The organization recently helped with the completion of a new space in Boston, MA featuring 20 rooms including four recording studios, a community gathering room, and 15 sound-isolated music "rehearsal" suites complete with musical instruments.
Related structure
Friends of the Record Company is a subordinate organization under The Record Company.
Total revenues
$665,279
2023
Total expenses
$704,505
2023
Total assets
$8,644,299
2023
Num. employees
0
2023

Program areas at Friends of the Record Company

the construction was completed and the new space opened in january of 2021, which features a total of 20 rooms - four recording studios, a community gathering room, and 15 sound-isolated music "rehearsal" suites with a complement of musical instruments and amplification, which can be used flexibly. Fotrc subleases the facility to trc, which nearly triples trc's bookable capacity and will allow trc to serve up to 20,000 music makers per year.

Personnel at Friends of the Record Company

NameTitleCompensation
Matthew S McArthurExecutive Director$0
Andrew SchulertTreasurer$0
Leslie Miller JewettClerk$0

Financials for Friends of the Record Company

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$664,970
Investment income and dividends$309
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$665,279

Form 990s for Friends of the Record Company

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-25990View PDF
2022-062023-05-12990View PDF
2021-062022-03-30990View PDF
2020-062021-04-02990View PDF
Data update history
May 20, 2024
Updated personnel
Identified 1 new personnel
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 27, 2023
Used new vendors
Identified 1 new vendor, including
May 26, 2023
Received grants
Identified 1 new grant, including a grant for $470,536 from The Record Company
Nonprofit Types
Grantmaking organizationsArts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsChapter / child organizationsCharities
Issues
Arts, cultural, and humanities
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
960 Massachusetts Ave
Boston, MA 02118
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
therecordco.org/ 
Phone
(617) 765-0155
IRS details
EIN
84-1799483
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A68: Music
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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