The Record Co.
The Record Co.
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About this organization
Mission
Our mission is to break down the barriers between music makers and their creative visions through low cost community music workspace and equitable professional development programs.
About
Since its inception, TRC has grown to serve 3,750 community music makers annually through more than 1,400 low-cost recording sessions. Additionally, TRC has helped artists grow and develop their artistry through professional community development projects. Strategic facility plan: TRC broke ground on its new expanded facility in January 2020. When complete in late calendar 2020, the new space will include a total of 20 rooms - four recording studios, a community gathering room, and 15 soundproof music 'rehearsal' suites with a complement of musical instruments and amplification, which can be used flexibly. Going forward, TRC anticipates significant growth in the breadth and depth of program services as a result of this significant expansion. Slated to open at the end of the year 2020, the new space nearly triples TRC's bookable capacity and will allow TRC to serve up to 20,000 music makers per year. As TRC's impact grows, so will its sustainability, with the new facility projected to triple the operating budget and grow earned program service revenue to 75% of the total operating budget in its first 3 years of operation.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “To remove the technical and social barriers between boston's music makers and their creative visions through truly affordable music workspace and professional development programs.”.
When talking about its functions, they were outlined as: “To remove the technical and social barriers between boston's music makers and their creative visions through truly affordable music workspace and professional development programs.”.
- The legally reported state of operation for the non-profit is MA.
- According to the filing, the non-profit's address in 2020 is 960 MASSACHUSETTS AVENUE, BOSTON, MA, 02118.
- The non-profit organization as of 2020 has a total of 16 employees reported on their form.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $547,673.
- The organization has 5 independent voting members.
- The organization was formed in 2009.
- The organization pays $271,213 in salary, compensation, and benefits to its employees.
- The organization pays $107,691 in fundraising expenses.