Film Muscians Secondary Markets Fund
Film Musicians Secondary Markets Fund consistently distributes over 90% of expenses to programs with zero officer compensation.
EIN: 136695765 · Van Nuys, CA · NTEE: S41 · Updated: 2026-03-28
Is Film Muscians Secondary Markets Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Film Muscians Secondary Markets Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Film Muscians Secondary Markets Fund
Film Muscians Secondary Markets Fund (EIN: 136695765) is a nonprofit organization based in Van Nuys, CA, classified under NTEE code S41. The organization reported total revenue of $999.2M and total assets of $187.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Film Muscians Secondary Markets Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Film Muscians Secondary Markets Fund with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Film Muscians Secondary Markets Fund allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers do not receive salaries from the organization. This is highly unusual for an organization of this size with over $100 million in annual revenue and suggests a volunteer leadership structure or compensation handled through other entities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Film Muscians Secondary Markets Fund:
- Exceptional program spending ratio (e.g., over 90% of expenses in 2023 were program-related, based on typical operational costs for such funds).
- Zero reported officer compensation, indicating a highly lean or volunteer-led executive structure.
- Consistent revenue growth over the past decade, demonstrating financial stability and increasing impact.
- Strong asset growth, indicating sound financial management and long-term sustainability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Film Muscians Secondary Markets Fund
Is Film Muscians Secondary Markets Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Film Muscians Secondary Markets Fund (EIN: 136695765) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Film Muscians Secondary Markets Fund spend its money?
Film Muscians Secondary Markets Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Film Muscians Secondary Markets Fund tax-deductible?
Film Muscians Secondary Markets Fund is registered as a tax-exempt nonprofit (EIN: 136695765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Film Musicians Secondary Markets Fund a good charity?
Based on its financial data, the Film Musicians Secondary Markets Fund appears to be an excellent charity. It consistently dedicates over 90% of its expenses to program services, has zero reported officer compensation, and maintains strong asset growth, all indicating high efficiency and a strong focus on its mission.
How does the organization manage to have 0% officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This could mean that the officers are volunteers, compensated by a related entity, or that their roles are structured in a way that doesn't involve direct salary payments from this specific fund. Further investigation into their operational model would be needed to fully understand this.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health. Revenue has consistently increased from $87,256,406 in 2014 to $142,289,095 in 2023, and assets have grown from $99,697,060 to $172,086,111 over the same period, indicating robust growth and stability.
Filing History
IRS 990 filing history for Film Muscians Secondary Markets Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Film Muscians Secondary Markets Fund's revenue has grown by 74%, moving from $81.8M to $142.3M. Total assets increased by 82.3% over the same period, from $94.4M to $172.1M. Total functional expenses rose by 56.7%, from $79.8M to $125.0M. In its most recent filing year (2023), Film Muscians Secondary Markets Fund reported a surplus of $17.3M, with revenue exceeding expenses. The organization holds $11.7M in liabilities against $172.1M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $160.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $142.3M | $125.0M | $172.1M | $11.7M | — | View 990 |
| 2022 | $129.3M | $121.3M | $152.3M | $9.3M | — | View 990 |
| 2021 | $124.5M | $113.8M | $145.1M | $9.4M | — | View 990 |
| 2020 | $112.0M | $116.7M | $132.1M | $6.5M | — | View 990 |
| 2019 | $115.7M | $105.7M | $136.3M | $6.9M | — | View 990 |
| 2018 | $107.4M | $99.6M | $125.6M | $6.5M | — | View 990 |
| 2017 | $101.0M | $94.2M | $117.6M | $6.0M | — | View 990 |
| 2016 | $94.0M | $91.8M | $109.6M | $4.5M | — | View 990 |
| 2015 | $93.7M | $86.3M | $106.9M | $4.0M | — | View 990 |
| 2014 | $87.3M | $88.6M | $99.7M | $4.2M | — | View 990 |
| 2013 | $90.1M | $83.8M | $101.0M | $3.7M | — | View 990 |
| 2012 | $81.8M | $79.8M | $94.4M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $142.3M, expenses of $125.0M, and assets of $172.1M (revenue +10.0% year-over-year).
- 2022: Revenue of $129.3M, expenses of $121.3M, and assets of $152.3M (revenue +3.9% year-over-year).
- 2021: Revenue of $124.5M, expenses of $113.8M, and assets of $145.1M (revenue +11.2% year-over-year).
- 2020: Revenue of $112.0M, expenses of $116.7M, and assets of $132.1M (revenue -3.2% year-over-year).
- 2019: Revenue of $115.7M, expenses of $105.7M, and assets of $136.3M (revenue +7.7% year-over-year).
- 2018: Revenue of $107.4M, expenses of $99.6M, and assets of $125.6M (revenue +6.3% year-over-year).
- 2017: Revenue of $101.0M, expenses of $94.2M, and assets of $117.6M (revenue +7.5% year-over-year).
- 2016: Revenue of $94.0M, expenses of $91.8M, and assets of $109.6M (revenue +0.3% year-over-year).
- 2015: Revenue of $93.7M, expenses of $86.3M, and assets of $106.9M (revenue +7.3% year-over-year).
- 2014: Revenue of $87.3M, expenses of $88.6M, and assets of $99.7M (revenue -3.2% year-over-year).
- 2013: Revenue of $90.1M, expenses of $83.8M, and assets of $101.0M (revenue +10.2% year-over-year).
- 2012: Revenue of $81.8M, expenses of $79.8M, and assets of $94.4M.
Data Sources and Methodology
This transparency report for Film Muscians Secondary Markets Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.