Nonprofit · EIN 84-1799483
FRIENDS OF THE RECORD COMPANY INC
Tax-exempt · BOSTON, MA 02118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $664,971 | $709,103 | -$44,132 | $8,331,429 | $7,954,067 | $377,362 |
| June 30, 2024 | 990 | $665,411 | $706,165 | -$40,754 | $8,500,557 | $8,079,063 | $421,494 |
| June 30, 2023 | 990 | $665,279 | $704,505 | -$39,226 | $8,644,299 | $8,182,051 | $462,248 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $664,971
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $345,479
- Depreciation
- $300,337
- Program services (functional)
- $603,999
- Management and general (functional)
- $71,371
- Fundraising (functional)
- $33,733
Balance sheet and other
- Total assets, start of year
- $8,500,557
- Total assets, end of year
- $8,331,429
- Total liabilities, end of year
- $7,954,067
- Net assets, end of year
- $377,362
- Land, buildings and equipment
- $3,627,351
- Net assets without donor restrictions
- $377,362
- Gross receipts
- $664,971
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW S MCARTHUR | FORMER EXECUTIVE DIRECTOR Former | 0 | $0 | $110,923 | $2,352 |
| BOBBY BOYD | EXECUTIVE DIRECTOR Officer | 1 | $0 | $110,000 | $372 |
| RACHEL JORDAN | CHAIR (THRU 8/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREW SCHULERT | CHAIR (AS OF 8/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ZENA LUM | CO-CHAIR (THRU 8/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RODNEY ALEJANDRO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID ALEXANDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT CHOW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TESSIL COLLINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN ESCOBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROB EUGENE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW LINDLEY | DIRECTOR (THRU 2/25) Trustee or director | 1 | $0 | $0 | $0 |
| NADINA TALUKDAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDY YOUNISS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW S MCARTHUR | EXECUTIVE DIRECTOR (THRU 3/24) Trustee or director, Officer | 1 | $0 | $97,828 | $3,622 |
| BOBBY BOYD | EXECUTIVE DIRECTOR (AS OF 6/24) Trustee or director, Officer | 1 | $0 | $97,298 | $3,622 |
| ANDREW SCHULERT | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LESLIE MILLER JEWETT | CLERK Trustee or director, Officer | 40 | $0 | $0 | $0 |
| JOHN ESCOBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FELICE L SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATTHEW S MCARTHUR | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $90,000 | $4,576 |
| ANDREW SCHULERT | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LESLIE MILLER JEWETT | CLERK Trustee or director, Officer | 40 | $0 | $0 | $0 |
| JOHN ESCOBAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES F GRACE TILL 01102023 | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FELICE L SILVERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 960 MASSACHUSETTS AVENUE, BOSTON, MA 02118-2620
- In care of
- % MATT MCARTHUR
- Mailing address (990-N for 2018)
- 960 MASSACHUSETTS AVENUE, BOSTON MA 02118
- Principal officer (990 for 2024)
- BOBBY BOYD, 960 MASSACHUSETTS AVENUE, BOSTON, MA 02118
- Principal officer (990-N for 2018)
- MATTHEW S MCARTHUR, 960 MASSACHUSETTS AVENUE, BOSTON MA 02118
- Signed the 990
- BOBBY BOYD, EXECUTIVE DIRECTOR
- Phone
- (617) 765-0155
- Website
- WWW.THERECORDCO.ORG
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
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.
Program accomplishments
- 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.Expenses $603,999 · revenue $664,971
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1799483
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $8,331,429
- Income (IRS master file)
- $664,971
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $664,971 | $709,103 | $8,331,429 | IRS |
| 990 | June 2024 | $665,411 | $706,165 | $8,500,557 | XML |
| 990 | June 2023 | $665,279 | $704,505 | $8,644,299 | XML |
| 990 | June 2022 | $322,165 | $654,538 | $4,714,914 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2018 Officer: MATTHEW S MCARTHUR | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1799483).
Questions about FRIENDS OF THE RECORD COMPANY INC
- What is the EIN of FRIENDS OF THE RECORD COMPANY INC?
- The employer identification number (EIN) of FRIENDS OF THE RECORD COMPANY INC is 84-1799483.
- Is FRIENDS OF THE RECORD COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FRIENDS OF THE RECORD COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FRIENDS OF THE RECORD COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRIENDS OF THE RECORD COMPANY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRIENDS OF THE RECORD COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRIENDS OF THE RECORD COMPANY INC?
- The 990 for the year ended June 30, 2025 names BOBBY BOYD.
- Who are the officers and directors of FRIENDS OF THE RECORD COMPANY INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF THE RECORD COMPANY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $664,971, expenses of $709,103 and total assets of $8,331,429 at year end.
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All nonprofits in BOSTON · Massachusetts · Arts, culture and humanities