Anthology of Recorded Music Inc

Nonprofit profile at a glance

EIN
237438514
IRS 990 coverage
2013–2022
Forms available
Form 990 2022
Location
Albany, NY, USA
Phone
2122901680
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$330,999
Expenses
$548,629
Assets
$279,173
Liabilities
$421,569

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • LISA KAHLDEN (PRESIDENT & TREASURER)
  • PAUL TAI (VICE PRESIDENT & SECRETARY)

Highest reported compensation

  • LISA KAHLDEN (PRESIDENT & TREASURER): $130,908 total reported compensation
  • PAUL TAI (VICE PRESIDENT & SECRETARY): $112,450 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2022

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.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 90
  • Accountability: 61
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.2%; rating input score 83
  • Fundraising efficiency: $0.41 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 20th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -65.7%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.51; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 1.51; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 44.4%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -5.3% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -9.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.2% of spending went to programs
  • Governance: 7 of 9 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $457K in reported program spending
  • Leadership: top reported pay $131K · 9 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.