ANTHOLOGY OF RECORDED MUSIC INC

EIN: 237438514 501(c)(3) Arts, Culture & Humanities

ALBANY, NY

Total Revenue
$330,999
Total Expenses
$548,629
Total Assets
$279,173
Net Assets
$-142,396
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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NY
Principal Officer
LISA KAHLDEN
Phone
2122901680
Tax Period
2022-07-01 to 2023-06-30

ANTHOLOGY OF RECORDED MUSIC INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $331K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $549K exceeded revenue, resulting in a 66% operating deficit.

Mission

LIKE THE UNIVERSITY PRESS, NEW WORLD RECORDS STRIVES TO PRESERVE NEGLECTED TREASURES OF THE PAST AND NURTURE THE CREATIVE FUTURE OF AMERICAN MUSIC. THROUGH THE PRODUCTION OF OVER 1,200 RECORDINGS, SOME 870 AMERICAN COMPOSERS HAVE BEEN REPRESENTED TO DATE. IT REMAINS THE ONLY RECORDING COMPANY THAT CONCENTRATES EXCLUSIVELY ON AMERICA'S MUSICAL HERITAGE, AND IT DOES SO WITH AWARD-WINNING RECORDINGS THAT ENLIST MUSICIANS AND PERFORMING ORGANIZATIONS OF THE HIGHEST CALIBER.

Program Service Accomplishments

Program 1
Expenses: $456,581 Revenue: $317,170

NEW WORLD RECORDS/NWCRI:ANTHOLOGY OF RECORDED MUSIC, INC. DBA NEW WORLD RECORDS PRODUCES RECORDINGS OF MUSIC BY AMERICAN COMPOSERS NOT CURRENTLY AVAILABLE IN THE CATALOGUES OF COMMERCIAL RECORDING...

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NEW WORLD RECORDS/NWCRI:ANTHOLOGY OF RECORDED MUSIC, INC. DBA NEW WORLD RECORDS PRODUCES RECORDINGS OF MUSIC BY AMERICAN COMPOSERS NOT CURRENTLY AVAILABLE IN THE CATALOGUES OF COMMERCIAL RECORDING COMPANIES, ISSUING APPROXIMATELY 6-10 NEW TITLES PER YEAR. IT MANUFACTURES COMPACT DISCS AND DIGITAL VERSIONS OF TITLES AND OFFERS THEM THROUGH SUBSCRIPTIONS TO LIBRARIES AND EDUCATIONAL INSTITUTIONS, AND TO THE PUBLIC THROUGH VIA A VARIETY OF ONLINE SERVICES AS WELL AS RETAIL STORES SERVED BY DISTRIBUTORS.DRAM/SOUND AMERICAN:ANTHOLOGY OF RECORDED MUSIC, INC. DBA DRAM (WWW.DRAMONLINE.ORG) IS A DIGITAL SUBSCRIPTION SERVICE PROVIDING SCHOLARS, STUDENTS AND OTHER EDUCATIONAL COMMUNITIES UNLIMITED ON-DEMAND ACCESS TO THE NEW WORLD RECORDS AND NWCR/NWCRL CATALOGUE(S), ALONG WITH SIMILAR MUSIC FROM 35 PARTNER LABELS/ARCHIVES. THE DATABASE CURRENTLY OFFERS OVER 4,000 HOURS OF RECORDED CONTENT FOR STREAMING, WITH NEW MATERIAL BEING CONTINUOUSLY ADDED. IN 2011 DRAM INTRODUCED SOUND AMERICAN (WWW.SOUNDAMERICAN.ORG), AN ONLINE DIGEST THAT PRESENTS MATERIAL FROM DRAM IN A LESS FORMAL CONTEXT. SOUND AMERICAN IS A FREE-TO-ACCESS RESOURCE DESIGNED TO CHALLENGE THE PERCEPTION THAT NEW AND EXPERIMENTAL MUSIC IS SOMEHOW BEYOND THE AVERAGE LISTENER. IN PURSUIT OF THIS OBJECTIVE, SOUND AMERICAN HAS MORE RECENTLY EXPANDED FROM AN ONLINE-ONLY PUBLICATION TO PERIODICALLY ISSUE PHYSICAL PRINT AND AUDIO RELEASES.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,500
Program Service Revenue $312,289
Investment Income $14
Other Revenue $15,196
TOTAL REVENUE $330,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $324,036
Fundraising Expenses $8,564
Program Expenses $456,581
Other Expenses $224,593
TOTAL EXPENSES $548,629

Year-over-Year Comparison

2022 2021 Change
Revenue $330,999 $455,701 -0.3%
Expenses $548,629 $1,024,350 -0.5%
Net Income $-217,630 $-568,649 -0.6%
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
9
Independent Members
7
Employees
5
Volunteers
7

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
2
$243,358
Total Directors
9
$243,358
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA KAHLDEN PRESIDENT & TREASURER 40.00
Officer Director
$129,708 $1,200 $130,908
PAUL TAI VICE PRESIDENT & SECRETARY 40.00
Officer Director
$111,250 $1,200 $112,450
AMY BEAL TRUSTEE 1.00
Director
$0 $0 $0
THOMAS T CARROLL TRUSTEE 1.00
Director
$0 $0 $0
ROBERT CLARIDA TRUSTEE 1.00
Director
$0 $0 $0
EMANUEL GERARD TRUSTEE 1.00
Director
$0 $0 $0
HERMAN KRAWITZ TRUSTEE 1.00
Director
$0 $0 $0
FRED LERDAHL TRUSTEE 1.00
Director
$0 $0 $0
LARRY POLANSKY TRUSTEE 1.00
Director
$0 $0 $0
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
2023 $330,999 $548,629 $279,173 $-217,630
2022 $455,701 $1,024,350 $387,195 $-568,649
2021 $1,082,097 $1,226,604 $791,140 $-144,507
2020 $1,026,458 $1,024,509 $904,746 $1,949
2019 $1,100,005 $1,031,215 $969,152 $68,790
2018 $1,143,730 $1,056,120 $900,780 $87,610
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