2011-09-12T13:46:57-05:00 2010-12-31 SALIBELLO & BRODER LLP 633 THIRD AVENUE 13TH FLOOR NEW YORK NY 10017 990 2010-01-01 221476432 AMERICAN FEDERATION OF MUSICIANS OF THE UNITED STATES AND CANADA AMER 2128691330 1501 BROADWAY NO 600 NEW YORK NY 10036 RAYMOND M HAIR JR 2128691330 2011-08-10 1 JAMES P WETZOLD 2123155000 2010 2016-03-07 17:11:31Z THOMAS F LEE 1501 BROADWAY NEW YORK NY 10036 11209543 0 X WWW.AFM.ORG X NATIONAL UNION 1896 NY NATIONAL UNION PROMOTES AND BENEFITS THOSE CONNECTED WITH MUSICAL PERFORMANCES IN RADIO, TV AND SOUND RECORDING AND TO PROTECT AND SECURE THE RIGHTS OF THESE PERSONS IN THEIR PROFESSIONAL ACTIVITIES. 9 9 74 0 447578 0 9997762 9200751 623009 624208 73365 14793 1350565 1369791 12044701 11209543 0 0 0 0 5833051 5903865 0 0 0 6526130 6273269 12359181 12177134 -314480 -967591 12789496 11179516 4251666 3579087 8537830 7600429 NATIONAL UNION 0 0 THE ORGANIZATION EXISTS TO ADVANCE,FOSTER,PROMOTE AND BENEFIT ALL THOSE CONNECTED WITH MUSICAL PERFORMANCES IN THE FIELDS OF RADIO, TV AND SOUND RECORDING, AND TO PROTECT AND SECURE THE RIGHTS OF THESE PERSONS IN THEIR PROFESSIONAL ACTIVITIES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3751 0 74 1 1 1 1 CA 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 1 1 1 1 1 1 0 1 1 1 0 0 0 0 0 0 NY CA X SAMUEL FOLIO 2128691330 1501 BROADWAY NEW YORK NY 10036 WILLIAM SKOLNIK 40.00 X 113006 0 12733 RAYMOND M HAIR JR 40.00 X 62088 0 7070 SAM FOLIO 40.00 X 113006 0 12706 JOSEPH PARENTE 2.00 X 17004 0 1912 BRUCE FIFE 40.00 X 8077 0 924 TINA C MORRISON 2.00 X 6540 0 748 AUGUSTINO GAGLIARDI 2.00 X 6540 0 748 DAVE POMEROY 2.00 X 6540 0 748 VINCENT TROMBETTA 2.00 X 6540 0 748 THOMAS F LEE 40.00 X 82599 0 9186 WILLIAM LINNEMAN 2.00 X 10464 0 1164 HAROLD BRADLEY 40.00 X 12923 0 1437 ERWIN PRICE 2.00 X 10464 0 1164 ROBERT L MCGREW 2.00 X 10464 0 1164 466255 0 52452 2 1 0 0 BENTLEY-HALL INC 221 WALTON ST 200 SYRACUSE NY 132021211 PRODUCTION FEES AND PUBLIC RELATIONS 606684 BREDHOFF & KAISER 805 FIFTEENTH ST NW WASHINGTON DC 20005 LEGAL 435584 APPLEONE EMPLOYMENT SERVICES PO BOX 29048 GLENDALE CA 912099048 TEMPORARY HELP 340793 WEBB COMMUNICATIONS INC 1 MAYNARD STREET WILLIAMSPORT PA 17701 PRINTING 312419 SALIBELLO & BRODER LLP 633 THIRD AVE 13TH FLOOR NEW YORK NY 10017 AUDITORS 259499 5 9185751 15000 9200751 ADVERTISING REVENUE 511190 447578 447578 SUBSCRIPTION REVENUE U 511190 176630 176630 624208 14793 14793 163284 163284 PROCESSING FEES 900099 879342 879342 UNCLAIMED NEW USE MONI 900099 304434 304434 TRANSLATION OF FOREIGN 900099 22731 22731 1206507 11209543 1383137 447578 178077 339341 3882126 496987 864844 320567 599171 225712 58413 912027 534178 330139 130407 PUBLISHING EXPENSES 1245300 STRIKE BENEFITS 630450 LEASED EMPLOYEES 385874 OUTSIDE SERVICES 198875 PUBLIC RELATIONS 178840 843883 12177134 287561 621657 5914038 5528641 1934153 1608369 115038 188993 88265 101911 1824247 1564626 278536 259621 4130701 2838125 41204 32199 12789496 11179516 1266761 804381 16660 17617 2968245 2757089 4251666 3579087 X 3455591 3410577 5082239 4189852 8537830 7600429 12789496 11179516 X -967591 30190 X 0 1 1 X 0 420574 288893 131681 1403673 1275733 127940 259621 11,304.33 SH UNION LABOR LIFE INSURANCE CO 25175 C 13.195 UNITS AFL-CIO INVESTMENT TRUST 14947 C 48 SHARES MET LIFE STOCK 1927 C TD CANADA INVEST. - NEW USE 2150015 F BOARD DESIGNATED INVESTMENT - RELOCATION 540011 F CDN NRCC INVESTMENT - TDB 16050 C US GEN FUND INVEST- TD CANADA 90000 C 2838125 NEW USE PAYMENTS HELD FOR DISTRIBUTION 2669502 COLLECTIONS AWAITING DISPOSITION 33108 DUE TO AFFILIATES 54479 2757089 11209543 12177134 -967591 30190 30190 -937401 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FEDERATION EVALUATES EACH TAX POSITION INDIVIDUALLY USING THE RECOGNITION AND MEASUREMENT CRITERIA ESTABLISHED IN FASB ASC 740-10. THAT IS, FIRST, THE FEDERATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION IF IT DETERMINES THAT IT IS MORE-LIKELY-THAN-NOT (I.E. A LIKELIHOOD OF MORE THAN 50 PERCENT), BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED ON EXAMINATION. THEN, THE FEDERATION MEASURES THE AMOUNT OF BENEFIT DERIVED FROM SUCH TAX POSITION AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT. THE DIFFERENCE BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE TAX BENEFIT RECOGNIZED AND MEASURED ACCORDING TO THE AFOREMENTIONED CRITERIA IS AN UNRECOGNIZED TAX BENEFIT FOR WHICH A LIABILITY IS CREATED (AND AN EXPENSE IS RECORDED). ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS IS CLASSIFIED AS CURRENT LIABILITY TO THE EXTENT THAT THE FEDERATION ANTICIPATES PAYMENT OF CASH WITHIN ONE YEAR FROM THE DATE OF THE STATEMENT OF FINANCIAL POSITION. THE FEDERATION CLASSIFIES INTEREST AND PENALTIES ASSOCIATED WITH THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS INCOME TAX EXPENSE. THE FEDERATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. THE FEDERATION'S ADOPTION OF THE GUIDANCE ESTABLISHED UNDER FASB ASC 740 DID NOT HAVE AN IMPACT ON ITS FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: DIFFERENCE BETWEEN BOOK AND TAX DEPRECIATION FOREIGN CURRENCY TRANSLATION ADJUSTMENT 0 0 0 THOMAS F LEE 82599 0 0 0 0 0 9186 0 0 0 91785 0 0 0 WILLIAM LINNEMAN 10464 0 0 0 0 0 1164 0 0 0 11628 0 0 0 HAROLD BRADLEY 12923 0 0 0 0 0 1437 0 0 0 14360 0 0 0 ERWIN PRICE 10464 0 0 0 0 0 1164 0 0 0 11628 0 0 0 ROBERT L MCGREW 10464 0 0 0 0 0 1164 0 0 0 11628 0 0 0 FORM 990, PART VI, SECTION A, LINE 5 DURING 2010, MANAGEMENT BECAME AWARE OF ACTIONS POTENTIALLY RESULTING IN A DIVERSION OF A PORTION OF THE AFM'S ASSETS AND, AS A CORRECTIVE ACTION, FILED SUIT IN THE ONTARIO SUPREME COURT OF JUSTICE TO SEEK APPROPRIATE REMEDIES. FOR A DESCRIPTION OF THE NATURE AND TIMING OF THE DIVERSION AND AMOUNTS INVOLVED, AS WELL AS THE RELIEF SOUGHT, PLEASE SEE THE ATTACHED COMPLAINT, WHICH WAS FILED IN THE ONTARIO SUPERIOR COURT OF JUSTICE. FORM 990, PART VI, SECTION A, LINE 6 AFM HAS MEMBERS WHO ELECT THE DELEGATES THAT ELECT THE AFM'S GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE AFM HAS MEMBERS WHO ELECT THE DELEGATES THAT ELECT THE AFM'S GOVERNING BODY AND APPROVE CHANGES TO THE AFM'S BYLAWS AT THE CONVENTION. FORM 990, PART VI, SECTION A, LINE 7B ALTERATIONS OR AMENDMENTS TO THE BYLAWS MUST RECEIVE A MAJORITY VOTE OF DELEGATES AT THE TRIENNIAL CONVENTION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PROVIDED TO AND REVIEWED BY THE EXECUTIVE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS PART OF THE AMERICAN FEDERATION OF MUSICIANS' LM-2 FILING AND THROUGH THE AFM WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DIFFERENCE BETWEEN BOOK AND TAX DEPRECIATION 28,776. FOREIGN CURRENCY TRANSLATION ADJUSTMENT 1,414. TOTAL TO FORM 990, PART XI, LINE 5: 30,190. AF OF M MUTUAL BENEFIT TRUST FUND 1501 BROADWAY 6TH FLOOR NEW YORK NY 10036 136976195 PROVIDES DEATH BENEFITS TO PARTICIPATING MEMBERS OF THE AFM NY 501(C)(5) NOT APPLICABLE 0 LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS 1501 BROADWAY 6TH FLOOR NEW YORK NY 10036 136121367 PROVIDES SUPPORT FOR DISABLED MUSICIANS NY 501(C)(3) 11A NOT APPLICABLE 0 MUSICIANS DISASTER RELIEF FUND CHARITABLE TRUST 1501 BROADWAY 6TH FLOOR NEW YORK NY 10036 203513109 PROVIDES BENEFIT PAYMENTS TO MUSICIANS SUFFERING FINANCIAL HARDSHIPS NY 501(C)(3) 7 NOT APPLICABLE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 LESTER PETRILLO MEMORIAL TRUST FUND FOR DISABLED MUSICIANS Q 37592 FMV