Civic Intelligence

Radio Music License Committee

EIN 26-2208561 • 501(c)6 • Brentwood, TN

Profile

Representation of radio stations interest in licensing fees.

1616 Westgate CircleBrentwood, TN 37027

www.radiomlc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

3.15x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

1.43x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

2nd percentile

-95%

Higher net margin than 2% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$471,430

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

6th percentile

-17%

Faster asset growth than 6% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

42%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$2,320,493

Down $481,775 (-17%) from 2023

Liabilities

Up

$7,298,928

Up $4,363,180 (+149%) from 2023

Net Assets

Down

-$4,978,435

Down $4,844,955 (-3630%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

Up

$5,106,542

Up $1,514,595 (+42%) from 2023

Expenses

Up

$9,935,612

Up $6,348,619 (+177%) from 2023

Net Income

Down

-$4,829,070

Down $4,834,024 (-97578%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2011: $8,206,622Liabilities 2011: $589,559Net Assets 2011: $7,617,0632011Assets 2012: $8,758,567Liabilities 2012: $32,028Net Assets 2012: $8,726,5392012Assets 2013: $9,711,235Liabilities 2013: $1,230,759Net Assets 2013: $8,480,4762013Assets 2014: $8,933,198Liabilities 2014: $409,745Net Assets 2014: $8,523,4532014Assets 2015: $12,280,513Liabilities 2015: $121,580Net Assets 2015: $12,158,9332015Assets 2016: $12,144,348Liabilities 2016: $2,116,128Net Assets 2016: $10,028,2202016Assets 2017: $6,075,937Liabilities 2017: $451,867Net Assets 2017: $5,624,0702017Assets 2018: $5,249,985Liabilities 2018: $892,607Net Assets 2018: $4,357,3782018Assets 2019: $3,264,633Liabilities 2019: $1,171,751Net Assets 2019: $2,092,8822019Assets 2020: $3,230,678Liabilities 2020: $1,491,420Net Assets 2020: $1,739,2582020Assets 2021: $1,028,521Liabilities 2021: $4,148,617Net Assets 2021: -$3,120,0962021Assets 2022: $2,320,482Liabilities 2022: $2,687,331Net Assets 2022: -$366,8492022Assets 2023: $2,802,268Liabilities 2023: $2,935,748Net Assets 2023: -$133,4802023Assets 2024: $2,320,493Liabilities 2024: $7,298,928Net Assets 2024: -$4,978,4352024

Highlighted filing

2024

Assets$2,320,493
Liabilities$7,298,928
Net Assets-$4,978,435
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,642,9032011Expenses 2012: $1,563,6252012Revenue 2013: $2,361,520Expenses 2013: $2,493,456Net Income 2013: -$131,9362013Revenue 2014: $2,237,695Expenses 2014: $2,329,837Net Income 2014: -$92,1422014Revenue 2015: $5,813,649Expenses 2015: $1,986,910Net Income 2015: $3,826,7392015Revenue 2016: $3,187,559Expenses 2016: $5,283,712Net Income 2016: -$2,096,1532016Revenue 2017: $3,152,134Expenses 2017: $7,627,327Net Income 2017: -$4,475,1932017Revenue 2018: $3,278,167Expenses 2018: $4,504,250Net Income 2018: -$1,226,0832018Revenue 2019: $5,151,480Expenses 2019: $7,428,247Net Income 2019: -$2,276,7672019Revenue 2020: $5,284,374Expenses 2020: $5,616,415Net Income 2020: -$332,0412020Revenue 2021: $6,574,625Expenses 2021: $11,226,953Net Income 2021: -$4,652,3282021Revenue 2022: $3,271,293Expenses 2022: $533,551Net Income 2022: $2,737,7422022Revenue 2023: $3,591,947Expenses 2023: $3,586,993Net Income 2023: $4,9542023Revenue 2024: $5,106,542Expenses 2024: $9,935,612Net Income 2024: -$4,829,0702024

Highlighted filing

2024

Revenue$5,106,542
Expenses$9,935,612
Net Income-$4,829,070
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,320,493
Liabilities
$7,298,928
Net assets
-$4,978,435
Revenue
$5,106,542
Expenses
$9,935,612
Net income
-$4,829,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.32$7.30$4.98$5.11$9.94$4.83
2023Detailed filing. Detailed filing data is available for this year.$2.80$2.94$0.13$3.59$3.59$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.32$2.69$0.37$3.27$0.53$2.74
2021Detailed filing. Detailed filing data is available for this year.$1.03$4.15$3.12$6.57$11.2$4.65
2020Detailed filing. Detailed filing data is available for this year.$3.23$1.49$1.74$5.28$5.62$0.33
2019Detailed filing. Detailed filing data is available for this year.$3.26$1.17$2.09$5.15$7.43$2.28
2018Detailed filing. Detailed filing data is available for this year.$5.25$0.89$4.36$3.28$4.50$1.23
2017Detailed filing. Detailed filing data is available for this year.$6.08$0.45$5.62$3.15$7.63$4.48
2016Detailed filing. Detailed filing data is available for this year.$12.1$2.12$10.0$3.19$5.28$2.10
2015Detailed filing. Detailed filing data is available for this year.$12.3$0.12$12.2$5.81$1.99$3.83
2014Detailed filing. Detailed filing data is available for this year.$8.93$0.41$8.52$2.24$2.33$0.09
2013Detailed filing. Detailed filing data is available for this year.$9.71$1.23$8.48$2.36$2.49$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.76$0.03$8.73$1.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.21$0.59$7.62$4.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.0
Gross Receipts
$5,106,542
Mission and Program Overview

Mission

Representation of radio stations interest in licensing fees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,054,984$1,049,813▼ $1,005,171
Accounts Receivable$683,669$700,412▲ $16,743
Cash and Non-Interest-Bearing Accounts-$546,650-
Total Assets$2,802,268$2,320,493▼ $481,775
Other Assets Total$63,615$23,618▼ $39,997
Liabilities
Accounts Payable and Accrued Expenses$2,922,695$7,298,928▲ $4,376,233
Other Liabilities$13,053--
Total Liabilities$2,935,748$7,298,928▲ $4,363,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-133,480$-4,978,435▼ $4,844,955
Total Net Assets Fund Balance$-133,480$-4,978,435▼ $4,844,955
Total Liabilities and Net Assets / Fund Balance$2,802,268$2,320,493▼ $481,775

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$178,596$178,596
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William VelezExec DirectoFT$442,482$28,948$471,430
William VelezExec Director-$442,482$28,948$471,430

Board Members and Trustees

NameTitle
Ed Atsinger IiiChairman
Amy ReitenauerDirector
Ben DownsDirector
Chris OrnelasDirector
Cory PierceDirector
Don CurtisDirector
Javier MaynuletDirector
Jeffrey J ScarpelliDirector
Jessia MarventanoDirector
Jim ColoffDirector
John GrossiDirector
John ZimmerDirector
LAURA O'DALYDirector
Paul YatesDirector
Scott SchatzDirector
Tim ColliganDirector
Tom WalkerDirector
David BestlerOfficer at L
Johnny PalumboOfficer at L
Jon KurlandOfficer at L
Melissa BristolOfficer at L
Sam BushSecretary
Paul RahmlowTreasurer
Mike DowdleVice Charima

Highest Paid Contractors

ContractorServicesLocationCompensation
King & Spalding LLPLegal1180 PEACHTREE ST NE, Atlanta, GA 30309$2,203,454
Cra International INCConsulting200 CLARENDON ST, Boston, MA 02116$917,575
Lee A Freeman JrLegalP O BOX 1295, Livingston, MT 59047$311,056
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,026,159
Investment Income
$80,383
Other Revenue
$0
Change in Net Assets
$-4,829,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,106,542
Revenue Not Reported on Form 990
$-15,885
Total Revenue per Audited Statements
$5,090,657
Total Revenue per Form 990
$5,106,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,335,839
Salaries, Compensation, and Employee Benefits$599,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$8,740,580
Current Officers, Directors, Trustees, and Key Employees---$526,931
Insurance---$65,901
All Other Expenses---$42,088
Other Employee Benefits---$33,613
Payroll Taxes---$23,421
Occupancy---$19,543
Pension Plan Contributions---$15,808
Office Expenses---$15,274
Other Expenses---$13,140
Travel---$8,996
Total Functional Expenses$0$0$0$9,935,612

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,935,612
Total Expenses per Audited Statements$9,935,612
Total Expenses per Form 990$9,935,612
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Ed atsinger, dave bestler, melissa bristol, sam bush, mike dowdle, john kurlan, johnny palumbo and paul rahmlow are members of the executive committee and vote on operational matters. The remaining directors vote on matters regarding industry wide decisions.”

Form 990, Page 6, Part VI, Line 7A

“Members who serve without compensation on the board of directors have the authority to vote on the members of the executive committee as well as the members on the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“The decisions of the governing body are subject to approval by members.”

Form 990, Page 6, Part VI, Line 11B

“The return is submitted to the executive committee, but their approval is not required prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“Outside placement firms were consulted to locate top candidates for each position as well as securing approval from the executive committee before compensation was established or employees were hired.”

Form 990, Page 6, Part VI, Line 15B

“The same procedure is used as the response to 15a.”

Form 990, Page 6, Part VI, Line 19

“These documents are provided to the general public upon request. No formal procedures are required.”

Filing and Contact Details

Filer

Filer Name
Radio Music License Committee
EIN
26-2208561
Phone
6158446260
Address
1616 WESTGATE CIRCLE, BRENTWOOD, TN 37027

Signing Officer

Name
William Velez
Title
Exec Director
Phone
6158446260
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Velez
Formed
1972
Legal Domicile
Tn
Voting Board Members
24
Independent Board Members
24
Employees
2

Preparer

Firm
Blankenship CPA Group Pllc
Address
101 WINNERS CIRCLE, BRENTWOOD, TN 37027-2304
Preparer
Penelope D Wilson CPA
Phone
6153733771
Raw XML AppendixShowing 400 of 468 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm3SAM BUSH
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IRS990/Form990PartVIISectionAGrp/PersonNm19AMY REITENAUER
IRS990/Form990PartVIISectionAGrp/PersonNm20JEFFREY J SCARPELLI
IRS990/Form990PartVIISectionAGrp/PersonNm21SCOTT SCHATZ
IRS990/Form990PartVIISectionAGrp/PersonNm22TOM WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm23PAUL YATES
IRS990/Form990PartVIISectionAGrp/PersonNm24JOHN ZIMMER
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IRS990/Form990PartVIISectionAGrp/TitleTxt1OFFICER AT L
IRS990/Form990PartVIISectionAGrp/TitleTxt2OFFICER AT L
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE CHARIMA
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11OFFICER AT L
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16OFFICER AT L
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/MissionDesc0REPRESENTATION OF RADIO STATIONS INTEREST IN LICENSING FEES.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ED ATSINGER, DAVE BESTLER, MELISSA BRISTOL, SAM BUSH, MIKE DOWDLE, JOHN KURLAN, JOHNNY PALUMBO AND PAUL RAHMLOW ARE MEMBERS OF THE EXECUTIVE COMMITTEE AND VOTE ON OPERATIONAL MATTERS. THE REMAINING DIRECTORS VOTE ON MATTERS REGARDING INDUSTRY WIDE DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS WHO SERVE WITHOUT COMPENSATION ON THE BOARD OF DIRECTORS HAVE THE AUTHORITY TO VOTE ON THE MEMBERS OF THE EXECUTIVE COMMITTEE AS WELL AS THE MEMBERS ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS SUBMITTED TO THE EXECUTIVE COMMITTEE, BUT THEIR APPROVAL IS NOT REQUIRED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE PLACEMENT FIRMS WERE CONSULTED TO LOCATE TOP CANDIDATES FOR EACH POSITION AS WELL AS SECURING APPROVAL FROM THE EXECUTIVE COMMITTEE BEFORE COMPENSATION WAS ESTABLISHED OR EMPLOYEES WERE HIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SAME PROCEDURE IS USED AS THE RESPONSE TO 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE PROVIDED TO THE GENERAL PUBLIC UPON REQUEST. NO FORMAL PROCEDURES ARE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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