Music Performance Trust Fund

EIN: 136295168 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$5,974,374
Total Expenses
$5,818,819
Total Assets
$11,023,027
Net Assets
$11,023,027
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NY
Phone
2123913950
Tax Period
2024-05-01 to 2025-04-30

Music Performance Trust Fund, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2024.

Mission

THE MUSIC PERFORMANCE TRUST FUND (MPTF) was established in 1948 as a nonprofit independent public service organization whose mission includes contributing to the public knowledge and appreciation of music. Headquartered in New York City, the tax-exempt MPTF, operating under section 501(c)(3) of the Internal Revenue Code, evolved from a landmark collective bargaining agreement between the American Federation of Musicians and the major recording companies of the day. We seek to enrich the lives of the general public, young and old, through music. To make music and music education an exciting experience and to expand it to every child's life experience. Today the MPTF is a vital organization that brings music to the public and provides admission-free, live quality music performed by professional musicians to the public of all backgrounds throughout the United States and Canada. MPTF supplements the income of musicians, all at no cost to those receiving this precious gift of music.

Program Service Accomplishments

Program 1
Expenses: $5,376,169 Revenue: $5,656,709

During the year the organization provided 4,728 free concerts (in-person and streaming), in the United States (3,304) and Canada (1,424). Combined attendance is estimated at 819,200.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,500
Program Service Revenue $5,656,709
Investment Income $280,165
Other Revenue $0
TOTAL REVENUE $5,974,374

Expense Breakdown

Grants Paid $178,788
Salaries & Benefits $961,511
Fundraising Expenses $0
Program Expenses $5,376,169
Other Expenses $4,678,520
TOTAL EXPENSES $5,818,819

Year-over-Year Comparison

2024 2023 Change
Revenue $5,974,374 $5,946,878 +0.0%
Expenses $5,818,819 $5,949,573 0.0%
Net Income $155,555 $-2,695 -58.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
6
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$452,058
Total Directors
5
$259,673
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrea Finkelstein Co-Chair 1.0
Officer Director
$0 $0 $0
Daniel J Beck TRUSTEE 40.0
Officer Director
$200,000 $59,673 $259,673
James Harrington Co-Chair 1.0
Officer Director
$0 $0 $0
Robert W Johnson TRUSTEE 1.0
Director
$0 $0 $0
Tracie Parry TRUSTEE 1.0
Director
$0 $0 $0
ALBURN H ELVIN DIRECTOR OF FINANCE 40.0
Officer
$140,721 $51,664 $192,385
Samantha Ramos Director, Grant Management 40.0
Highest
$102,467 $64,047 $166,514
VIDREY BLACKBURN Senior Director, Grant Management 40.0
Highest
$114,783 $32,730 $147,513
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,974,374 $5,818,819 $11,023,027 $155,555
2024 $5,946,878 $5,949,573 $10,706,735 $-2,695
2023 $5,379,722 $4,834,527 $10,789,024 $545,195
2022 $4,587,841 $3,380,615 $10,128,887 $1,207,226
2021 $3,905,841 $2,185,596 $9,123,740 $1,720,245
2020 $3,706,862 $1,847,754 $7,411,656 $1,859,108
2019 $2,831,041 $1,655,893 $5,581,484 $1,175,148
2018 $1,954,126 $1,309,214 $4,398,000 $644,912
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