Film Muscians Secondary Market Fund in Studio City, California (CA)

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Film Muscians Secondary Market Fund
Employer Identification Number (EIN)136695765
Name of OrganizationFilm Muscians Secondary Market Fund
In Care of NameDennis Dreith
Address12001 Ventura Place 5th Floor, Studio City, CA 91604
SubsectionBoard of Trade
Ruling Date04/2008
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period03/2009
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$96,979,988
Amount of Income$378,945,888
Form 990 Revenue Amount$88,649,325
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business



Amount of income in 2009: $378,945,888
Film Muscians Secondary Market Fund:  $378,945,888
Other organizations performing similar types of work:  $85,749

Assets in 2009: $96,979,988
Film Muscians Secondary Market Fund:  $96,979,988
Other organizations performing similar types of work:  $46,713

Expenses in 2006: $2,061,950
Film Muscians Secondary Market Fund:  $2,061,950
Other organizations performing similar types of work:  $879,879

Income to expenses ratio in 2006: 10.9
This organization:  10.9
Other organizations performing similar types of work:  1.1

Number of employees in 2006: 37
Film Muscians Secondary Market Fund:  37
Other organizations performing similar types of work:  9

Employees paid over $50,000 in 2006: 2.7%
This organization:  2.7%
Other organizations performing similar types of work:  2.7%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2006
Total revenue$22,441,467
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds$0
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$21,605,378
Membership dues and assessments$0
Interest on savings and temporary cash investments$12,712
Dividends and interest from securities$823,802
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$-425
Gross amount from sales of assets other than inventory$3,681,989
Less: cost or other basis and sales expenses$3,682,414
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$0
Total expenses$2,061,950
Program services$0
Management and general$0
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$80,163,426
Excess or (deficit) for the year$20,379,517
Net assets or fund balances at beginning of year$59,735,908
Other changes in net assets or fund balances$48,001
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,061,950$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$1,018,184
Compensation of current officers, directors, key employees, etc.$58,846$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$407,672$0$0$0
Pension plan contributions not included above$44,614$0$0$0
Employee benefits not included above$44,199$0$0$0
Payroll taxes$48,907$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$35,633$0$0$0
Legal fees$33,939$0$0$0
Supplies$27,503$0$0$0
Telephone$11,215$0$0$0
Postage and shipping$1,511$0$0$0
Occupancy$102,732$0$0$0
Equipment rental and maintenance$42,978$0$0$0
Printing and publications$12,490$0$0$0
Travel$15,070$0$0$0
Conferences, conventions, and meetings$10,644$0$0$0
Interest$727$0$0$0
Depreciation, depletion, etc.$54,705$0$0$0
Other expenses not covered above$90,381$0$0$0
Balance Sheets
2006
Total assets$85,344,231
Cash - non-interest-bearing$500
Savings and temporary cash investments$4,732,107
Accounts receivable less allowance for doubtful accounts$271,598
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$42,531
Investments - publicly-traded securities$79,517,754
Investments - other securities$0
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$779,741
Other assets, including program-related investments$0
Total liabilities$5,180,805
Accounts payable and accrued expenses$684,668
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$30,498
Other liabilities$4,465,639
Total liabilities and net assets/fund balances$85,344,231
Total net assets or fund balances$80,163,426
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2006
Total revenue$22,441,467
Total revenue, gains, and other support per audited financial statements$22,489,468
Other expenses$48,001
Net unrealized gains on investments$48,001
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2006
Total expenses$2,061,950
Total expenses and losses per audited financial statements$2,061,950
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$58,846$6,473$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings13
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200637
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$836,089$21,605,378
Program service revenue
Program service revenue 1000000$000$0$21,605,378
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$12,712$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$823,802$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-425$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2005
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Film Muscians Secondary Market Fund12001 Ventura Place 5th Floor, Studio City, CA 91604CA2008-04$378,945,888
2California Travel And Tourism Commission980 9th St Ste 480, Sacramento, CA 95814-2715CA1999-03$50,045,566
3California Dental Association1201 K St Fl 14, Sacramento, CA 95814-3925CA1973-06$35,509,234
4Dvd Copy Control Associates Inc225 Cochrane Cir Ste B, Morgan Hill, CA 95037-2871CA2001-09$7,007,441
5The Linux Foundation1796 18th St Ste C, San Francisco, CA 94107-2357CA2003-02$6,746,965
6Ciec-Dciw Market Retention Committee151 N Sunrise Ave Ste 1002, Roseville, CA 95661-2930CA1999-04$3,732,982
7San Mateo County Association Of Realtors Inc850 Woodside Way, San Mateo, CA 94401-1651CA2000-02$2,437,793
8San Jose Hotels Incorporated408 Almaden Blvd, San Jose, CA 95110-2709CA2006-07$1,950,876
9Delta Association Of Realtors3428 Hillcrest Ave Ste 200, Antioch, CA 94531-8238CA2001-11$1,053,480
10Aircondting & Refrgration Cntrctrs Assoc & The Mechancl Cntrctrs Asso3602 Inland Empire Blvd Ste B206, Ontario, CA 91764-4987CA1944-06$842,319
11Association Of American Educators27405 Puerta Real Suite 230, Mission Viejo, CA 92691CA2003-10$752,704
12International Thriller Writers Inc2313 I St, Eureka, CA 95501-4244CA2006-03$688,173
13Insurance Information Network Of California900 Wilshire Blvd Ste 1414, Los Angeles, CA 90017-4715CA2000-04$524,979
14West Coast Western Wear & Equipment Association Inc950 Karen Drive, Chico, CA 95926CA2000-04$251,371
15Northridge Business Improvement District15517 Via Cantare St, Los Angeles, CA 90077-1521CA2002-02$233,028
16Santa Clara County Trial Lawyers Association, Consumer Attorneys Of Santa Clara CPO BOX 90569, San Jose, CA 95109-3569CA2002-05$104,703
17Alliance For Animal Genome ResearchOne Embarcadero Center, San Francisco, CA 94111-3627CA2001-11$82,001
18Lawndale Chamber Of Commerce14717 Hawthorne Blvd, Lawndale, CA 90260-1549CA1999-08$74,606
19California Coast Graduates28761 Woodcock Dr, Laguna Niguel, CA 92677-1328CA2004-07$64,923
20Korean It Network Inc3003 N First Street 337, San Jose, CA 95134CA2002-05$64,553
21El Dorado Business AlliancePO BOX 533, Shingle Spgs, CA 95682-0533CA2004-07$30,380
22Professional Women In Insurance3636 Camino Del Rio N Ste 100, San Diego, CA 92108-1722CA2000-12$27,284
23Vietnamese Physician Association Of Northern California1009 E Capitol Expressway Ste 307, San Jose, CA 95121-2415CA2002-06$1,175
24A A District 1524402 Vista Ridge Dr, Valencia, CA 91355-3165CA2006-09$82,650
25580-680 Business Council Inc6155 Stoneridge Dr Ste 260, Pleasanton, CA 94588-6500CA2003-05$79,688
26Academy Of California Adoption Lawyers16255 Ventura Blvd Ste 704, Encino, CA 91436-2311CA2009-04$51,589
27A S A P Silicon Valley Chapter Inc1030 Paradise Way, Palo Alto, CA 94306-2637CA2006-03$34,436
284th Street Business Improvement Association2300 E 4th St, Long Beach, CA 90814-1103CA2008-12$7,619
29Action Program Inc10558 Northridge Hill Drive, Chatsworth, CA 91311-1939CA2006-02$7,175
30A Fair Share For California1212 S Victory Blvd, Burbank, CA 91502-2551CA2005-08$91
Number of organizations performing similar types of work
Alaska68
Alabama170
Arkansas113
Arizona255
California1,326
Colorado293
Connecticut146
District of Columbia328
Delaware45
Florida700
Georgia327
Hawaii94
Iowa153
Idaho95
Illinois543
Indiana240
Kansas127
Kentucky164
Louisiana153
Massachusetts258
Maryland250
Maine83
Michigan342
Minnesota211
Missouri281
Mississippi89
Montana78
North Carolina296
North Dakota48
Nebraska108
New Hampshire68
New Jersey276
New Mexico112
Nevada117
New York691
Ohio406
Oklahoma132
Oregon248
Pennsylvania470
Rhode Island52
South Carolina126
South Dakota63
Tennessee191
Texas831
Utah122
Virginia413
Vermont60
Washington273
Wisconsin235
West Virginia75
Wyoming35
International27
Total12,407

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