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.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in Massachusetts.
| Position | Total |
|---|---|
Executive Director (as of 6/24) Below 10th percentile | $4k $4k |
Executive Director (thru 3/24) Below 10th percentile | $4k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at FRIENDS OF THE RECORD COMPANY INC equaled 0.5% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.
Chief Executive Officer pay fell 21% from 2022 to 2023, while revenue held roughly steady.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about FRIENDS OF THE RECORD COMPANY INC
What does the Chief Executive Officer of FRIENDS OF THE RECORD COMPANY INC earn?
In 2023, the Chief Executive Officer of FRIENDS OF THE RECORD COMPANY INC received $3,622 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Arts, Culture & Humanities organizations in Massachusetts: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FRIENDS OF THE RECORD COMPANY INC compare with similar nonprofits?
Compared with the same role at Arts, Culture & Humanities organizations in Massachusetts, the 2023 pay of the Chief Executive Officer at FRIENDS OF THE RECORD COMPANY INC falls in the bottom 10%. In 2023, the highest total compensation at FRIENDS OF THE RECORD COMPANY INC equaled 0.5% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
What are FRIENDS OF THE RECORD COMPANY INC's revenue and expenses?
In 2023, FRIENDS OF THE RECORD COMPANY INC reported $665k in total revenue and $706k in total expenses on its IRS Form 990.
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