2025-11-17T20:29:01-06:00 2024-12-31 WITHUMSMITHBROWNPC 1800 TYSONS BLVD SUITE 800 TYSONS VA 22102 990 2024-01-01 954815790 AFM & SAG-AFTRA INTELLECTUAL PROPERTY RIGHTS DISTRIBUTION FUND % JEFF TRAFICAN AFM& 8182557980 4705 LAUREL CANYON BLVD SUITE 400 VALLEY VILLAGE CA 91607 LEI BOWEN CHIEF FINCL. OFFICER 8182557980 2025-11-17 true true RICHARD RUVELSON P00234075 3012726000 2024 2025-03-06 01:10:19Z LEI BOWEN 4705 LAUREL CNYN BLVD 400 VALLEY VILLAGE CA 91607 165299204 false X AFMSAGAFTRAFUND.ORG X 1998 NY THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS. 6 6 63 0 0 0 0 0 72095527 73462147 6364115 9753532 43521 812235 78503163 84027914 0 0 0 0 5556083 5640092 0 0 0 88534680 71338567 94090763 76978659 -15587600 7049255 192102971 204581778 74882875 77394121 117220096 127187657 X THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS. false false THE FUND COLLECTS AND DISTRIBUTES ROYALTIES ON BEHALF OF NON-FEATURED INSTRUMENTAL MUSICIANS AND VOCALISTS. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false true false false false true 26297 0 true 63 true false false false false false false false false X 6 6 false false false false false true false true false false false false true true true true true true true false CA X JEFF TRAFICAN 8182557980 4705 LAUREL CANYON BLVD STE 400 VALLEY VILLAGE CA 91607 X Stefanie Taub Chief Executive Officer 40.0 0.0 X 379876 0 68098 Sidney Kibodeaux White Chief Operating Officer 40.0 0.0 X 268619 0 84635 Lei Bowen Chief Financial Officer 40.0 0.0 X 261154 0 67265 Karen Tucker HR Bus Partner (thru 8/2/24) 40.0 0.0 X 268502 0 34500 Robert Rusek IT Director 40.0 0.0 X 197606 0 74846 Lorena Lewbel Director, Applications Develop 40.0 0.0 X 199686 0 59147 Jeffrey Trafican Controller 40.0 0.0 X 175421 0 36926 Maria Vittali Manager FP and A 40.0 0.0 X 148996 0 36740 Duncan Crabtree-Ireland trustee/co-chair 1.0 0.0 X X 0 0 0 Tino Gagliardi trustee/co-chair 1.0 0.0 X X 0 0 0 Pat Coil trustee 1.0 0.0 X 0 0 0 Dave Pomeroy trustee 1.0 0.0 X 0 0 0 Marc Sazer Alternate Trustee 1.0 0.0 X 0 0 0 Dan Navarro trustee 1.0 0.0 X 0 0 0 Ray Hai Alternate Trustee 1.0 0.0 X 0 0 0 Janice Pendarvis trustee 1.0 0.0 X 0 0 0 Jasper Randall Alternate Trustee 1.0 0.0 X 0 0 0 Kristina Gorbacsov Alternate Trustee 1.0 0.0 X 0 0 0 1899860 0 462157 18 false true false REED SMITH LLP THE BROADGATE TOWER 20 PRIMROSE STR LONDON 0 UK EC2A 2RS Legal Counsel 798120 ADAEQUARE INC 5160 PARKSTONE DR STE 100 CHANTILLY VA 20151 SOFTWARE DEVELOPMENT 283360 PINNACLE ENTERPRISE SOLUTIONS INC 15527 SONARA ST TUSTIN CA 92782 CONSULTING 245340 ROBERT HALF PO Box 743295 LOS ANGELES CA 90074 Temp Help/Recruiting 142919 ASI NETWORKS INC PO BOX 867 SAN DIMAS CA 91733 Managed IT services 103588 5 0 ROYALTY RECEIPTS 900099 73462147 73462147 73462147 5481896 0 0 5481896 0 0 589047 595359 -6312 0 -6312 -6312 84947567 80675931 4271636 4271636 4271636 0 0 0 0 0 0 0 0 0 OTHER MISCELLANEOUS INCOME 900099 818547 818547 818547 84027914 74280694 0 9747220 0 0 0 0 1129647 0 3108787 407326 722037 272295 0 928073 10525 0 0 462559 59896 144723 33701 253213 0 227213 78171 0 3997 0 0 151639 413836 DISTRIBUTIONS TO PERFORMERS 68529570 PRINTING 31610 OTHER EXPENSES 9322 TAXES-OTHER 519 76978659 2782235 3365548 56877895 41068661 0 0 57582 4760 0 0 0 0 0 0 0 0 0 0 17365369 4773767 11184116 12591602 120895114 147029425 0 0 0 0 0 0 306029 521782 192102971 204581778 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 74882875 77394121 74882875 77394121 X 0 0 0 0 117220096 127187657 117220096 127187657 192102971 204581778 7049255 2918306 X X false true X true false 2955000 2955000 6795000 1945577 4849423 3173618 1808629 1364989 275068 206977 68091 4166683 812584 3354099 12591602 0 DISTRIBUTIONS PAYABLE 77367316 SECURITY DEPOSITS 26805 77394121 X 87078501 2918306 595359 3513665 83564836 463078 463078 84027914 77110937 595359 595359 76515578 463078 463078 76978656 PART X, LINE 2 - FIN 48 (ASC 740): Management of the Fund and the Building Corporation are required to evaluate tax positions taken and recognize an income tax liability if the Fund or Building Corporation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has evaluated the tax positions taken by the Fund and the Building Corporation, and concluded that as of December 31, 2024 and December 31, 2023, there are no uncertain positions taken or expected to be taken that would require recognition in the consolidated financial statements. The Fund and Building Corporation are subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. In addition, there have been no significant tax related interest or penalties for periods presented in these consolidated financial statements. The Fund's policy is to recognize penalties and interest incurred as general and administrative expenses in the period paid as general and administrative expenses in the period paid. PART XI, LINE 2D - OTHER REVENUE NOT INCLUDED ON FORM 990: $595,359 EXPENSES INCLUDED IN RENTAL INCOME PART XII, LINE 2D - OTHER EXPENSES NOT INCLUDED ON FORM 990: $595,359 EXPENSES INCLUDED IN RENTAL INCOME X X true false false Stefanie Taub Chief Executive Officer 365737 0 0 0 14139 0 50438 0 17738 0 448052 0 0 0 Sidney Kibodeaux White Chief Operating Officer 258361 0 0 0 10258 0 36594 0 48119 0 353332 0 0 0 Lei Bowen Chief Financial Officer 251300 0 0 0 9854 0 35153 0 32190 0 328497 0 0 0 Karen Tucker HR Bus Partner (thru 8/2/24) 114455 0 0 0 154047 0 16840 0 17720 0 303062 0 0 0 Robert Rusek IT Director 190459 0 0 0 7147 0 26805 0 48119 0 272530 0 0 0 Lorena Lewbel Director, Applications Develop 192296 0 0 0 7390 0 26513 0 32712 0 258911 0 0 0 Jeffrey Trafican Controller 168869 0 0 0 6552 0 23376 0 13628 0 212425 0 0 0 Maria Vittali Manager FP and A 143483 0 0 0 5513 0 19666 0 17152 0 185814 0 0 0 SCHEDULE J, PART II, LINE 4 KAREN TUCKER RECEIVED A SEVERANCE PAYMENT OF $131,881 IN 2024. PART VI, SECTION A, LINE 8B - AUTHORITY TO ACT: THE FUND DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990: THE FORM 990 WAS REVIEWED BY THE CONTROLLER OF THE ORGANIZATION PRIOR TO FILING WITH THE IRS. A COPY OF THE FORM 990 WAS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES AFTER THE FILING WITH THE IRS. PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY: THE FUND'S CONFLICT OF INTEREST POLICY AUTHORIZES AN ANNUAL REVIEW OF THE ADMINISTRATION OF THE POLICY, AND TRUSTEES ARE PERIODICALLY ASKED TO DISCLOSE INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. PART VI, SECTION B, LINE 15A - DETERMINATION OF COMPENSATION: THE TRUSTEES REVIEWED AND APPROVED THE FUND ADMINISTRATOR'S COMPENSATION BASED ON THE FUND ADMINISTRATOR'S PERFORMANCE AND A COMPARISON TO EXECUTIVE COMPENSATION AT SEVERAL FUNDS COMPARABLE IN SIZE, RESOURCES AND MISSION. PART VI, SECTION B, LINE 15B - DETERMINATION OF COMPENSATION: ALL EMPLOYEE COMPENSATION IS THE RESULT OF COMPARATIVE ANALYSIS BY THE HUMAN RESOURCES DEPARTMENT AND IS REVIEWED AND APPROVED BY THE TRUSTEES. PART VI, SECTION C, LINE 19 - AVAILABILITY OF DOCUMENTS: THE FUND POSTS ITS DISTRIBUTION GUIDELINES AND FINANCIAL STATEMENTS ON ITS WEB SITE, WHICH IS WWW.AFMSAGAFTRAFUND.ORG. INFORMATION SUCH AS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 1 - ACCOUNTING METHOD: THE CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING; A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. REVENUE AND RELATED ASSETS ARE RECOGNIZED WHEN CASH IS RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATIONS ARE INCURRED, EXCEPT FOR AMOUNTS DUE FROM RELATED PARTIES, AMOUNTS DUE FROM THE SAG-AFTRA AND INDUSTRY SOUND RECORDING DISTRIBUTION FUND (THE "SRDF"), DISTRIBUTIONS APPROVED BY THE TRUSTEES FOR PAYMENT, REPORTING INVESTMENTS AT FAIR VALUE, NOTES PAYABLE, SECURITY DEPOSITS MADE AND HELD, RECEIVABLES AND PAYABLES RESULTING FROM TRANSACTIONS WITH REAL ESTATE PROPERTY MANAGEMENT, AND THE CAPITALIZATION AND DEPRECIATION AND AMORTIZATION OF PROPERTY AND EQUIPMENT. PART XII, LINE 2C - RESPONSIBILITY FOR OVERSIGHT OF AUDIT: THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT,REVIEW OF THE FUND'S FINANCIAL STATEMENTS AND THE SELECTION OF INDEPENDENT ACCOUNTANT. STUDIO CITY PLAZA TITLE HOLDING CO LLC 4705 LAUREL CANYON BLVD VALLEY VILLAGE CA 91607 954815790 RNTL REAL EST CA 607030 12527342 SEE PART VII PART I, LINE 1, COLUMN F - DIRECT CONTROLLING ENTITY: AFM & SAG-AFTRA INTELLECTUAL PROPERTY RIGHTS DISTRIBUTION FUND