Massachusetts · Nonprofit
FRIENDS OF THE RECORD COMPANY INC
FRIENDS OF THE RECORD COMPANY INC (Massachusetts) receives grants from 1 organization whose IRS filings report $26,000 to it, the largest being THE RED ELM TREE FOUNDATION ($26,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $665k
- Funders on record
- 1
- Grants received
- $26k
- Net assets
- $377k
What Friends of the Record Company Inc does
Mission
It is the sole purpose of friends of the record company, inc. ("fotrc") to provide financing and funds for the benefit of the record company, inc. ("trc") in support of its mission and exempt purpose. These funds are provided in the form of grants and low or non-interest bearing loans.
As stated on its FY2025 Form 990.
Program
The construction was completed and the new space opened in january of 2021, which features a total of 20 rooms - four recording studios, a community gathering room, and 15 sound-isolated music "rehearsal" suites with a complement of musical instruments and amplification, which can be used flexibly. Fotrc subleases the facility to trc, which nearly triples trc's bookable capacity and will allow trc to serve up to 20,000 music makers per year.
$603,999 spent$664,971 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $603,999.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $4.7M to $8.6M (+83%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of FRIENDS OF THE RECORD COMPANY INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2019 → 2020: the base held at 1 funder, grant income fell $25k → $1k.
Left out of every figure on this page: $471k from one payer (the payer shares this organization's board, largest The Record Company Inc). These are real filings, and they are not money FRIENDS OF THE RECORD COMPANY INC raised.
From the IRS filings of FRIENDS OF THE RECORD COMPANY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of FRIENDS OF THE RECORD COMPANY INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FRIENDS OF THE RECORD COMPANY INC has grown faster than three-quarters of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Organizations like FRIENDS OF THE RECORD COMPANY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- The Record Company Inc · exempt
Screen this organization
A dated, signed PDF of the compliance screen for FRIENDS OF THE RECORD COMPANY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FRIENDS OF THE RECORD COMPANY INC?
- FRIENDS OF THE RECORD COMPANY INC (Massachusetts) receives grants from 1 organization whose IRS filings report $26,000 to it, the largest being THE RED ELM TREE FOUNDATION ($26,000). 1 of them have funded it in more than one year.
- How many funders does FRIENDS OF THE RECORD COMPANY INC have?
- IRS filings report 1 organization giving $26,000 in grants to FRIENDS OF THE RECORD COMPANY INC, 1 of which have funded it in more than one year.
- Who is the largest funder of FRIENDS OF THE RECORD COMPANY INC?
- THE RED ELM TREE FOUNDATION is the largest funder on record, with $26,000 in grants. The full list of funders is on this page.
- How can an organization like FRIENDS OF THE RECORD COMPANY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing