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

$999.2MRevenue
$146.3MGross Revenue
$187.8MAssets
98/100Mission Score (Excellent)
S41

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Film Muscians Secondary Markets Fund Financial Summary
MetricValue
Total Revenue$999.2M
Total Expenses$125.0M
Program Spending95%
CEO/Top Officer Pay$100
Net Assets$160.3M
Transparency Score98/100

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Film Muscians Secondary Markets Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals

Film Muscians Secondary Markets Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Film Muscians Secondary Markets Fund in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $142.3M and expenses of $125.0M.

Revenue and Expenses

Film Muscians Secondary Markets Fund reported $142.3M in revenue and $125.0M in expenses, a surplus of $17.3M.

Executive Compensation

Top officer compensation appears as $100 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

98/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.

Is Film Muscians Secondary Markets Fund Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
95%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Film Muscians Secondary Markets Fund Expense Deployment
Program services$118.8M (95%)

Across stored filings, Film Muscians Secondary Markets Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Film Muscians Secondary Markets Fund Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend95% to programsExcellent
Financial durabilityGrade A12 stored filing years
Peer contextCompare with Butte County Fire Safe CouncilCalifornia and Community Improvement context

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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.

Organization Overview

18Years Operating
MajorSize Classification
12Years of Filings
MixedRevenue Trajectory

Film Muscians Secondary Markets Fund is a major nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$142.3M
Total Expenses$125.0M
Surplus / Deficit+$17.3M
Total Assets$172.1M
Total Liabilities$11.7M
Net Assets$160.3M
Operating Margin12.1%
Debt-to-Asset Ratio6.8%
Months of Reserves16.5 months

Financial Health Grade: A

In 2023, Film Muscians Secondary Markets Fund reported a surplus of $17.3M with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).

Financial Trends

Over 12 years of filings (2012–2023), Film Muscians Secondary Markets Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023+10.0%+3.1%+13.0%
2022+3.9%+6.5%+5.0%
2021+11.2%-2.4%+9.8%
2020-3.2%+10.3%-3.1%
2019+7.7%+6.1%+8.5%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2008

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Film Musicians Secondary Markets Fund demonstrates robust financial health and a strong commitment to its program services. Over the past decade, the organization has consistently generated substantial revenue, with the latest reported revenue reaching $142,289,095 in 2023. Its assets have also grown steadily, indicating sound financial management and stability, reaching $172,086,111 in 2023. The organization's primary function, as indicated by its NTEE code S41 (Performing Arts, Music), is to distribute royalties, which inherently means a very high proportion of its expenses are direct program service payments. Spending efficiency is exceptionally high, with the vast majority of expenses directly supporting its mission. For instance, in 2023, with total expenses of $125,014,565, the administrative and fundraising costs are minimal compared to the program distributions. The consistent reporting of 0% officer compensation across all filings further underscores a lean operational structure focused on beneficiaries rather than executive pay. This financial structure suggests a highly efficient model for fulfilling its purpose. Transparency appears strong, given the consistent filing of IRS Form 990s over many years and the clear financial trends. The absence of officer compensation is a notable transparency point, indicating that leadership is not drawing salaries from the organization's funds. The consistent growth in assets and revenue, coupled with a high program spending ratio, paints a picture of a well-managed and accountable nonprofit dedicated to its mission.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$142.3MTotal Revenue
$125.0MTotal Expenses
$172.1MTotal Assets
$11.7MTotal Liabilities
$160.3MNet Assets
  • The organization reported a surplus of $17.3M, with revenue exceeding expenses.
  • Debt-to-asset ratio: 6.8%.

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?

Film Muscians Secondary Markets Fund (EIN: 136695765) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 98/100. It has 12 years of IRS 990 filings on record. Total revenue: $999.2M. No red flags identified. 5 strengths noted. Financial health grade: A.

How does Film Muscians Secondary Markets Fund spend its money?

Film Muscians Secondary Markets Fund directs 95% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.

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.

How much does the Film Muscians Secondary Markets Fund CEO make?

Film Muscians Secondary Markets Fund's highest-compensated officer earns $100 annually. The organization reported $999.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Film Muscians Secondary Markets Fund's spending goes to programs?

Film Muscians Secondary Markets Fund directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Film Muscians Secondary Markets Fund compare to similar nonprofits?

With a transparency score of 98/100 (Excellent), Film Muscians Secondary Markets Fund is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Film Muscians Secondary Markets Fund located?

Film Muscians Secondary Markets Fund is headquartered in Van Nuys, California and files with the IRS under EIN 136695765. It is classified under NTEE code S41.

How many years of IRS 990 filings does Film Muscians Secondary Markets Fund have?

Film Muscians Secondary Markets Fund has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $999.2M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Film Muscians Secondary Markets Fund:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

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.

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