Organizations Filed Purposes:
IT IS THE SOLE PURPOSE OF 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.
PROVIDE SUPPORT TO THE RECORD COMPANY, INC.
FOTRC WAS CREATED FOR THE SPECIFIC PURPOSE OF REDEVELOPING AND EXPANDING THE STUDIO AND REHEARSAL SPACE LOCATED AT 960 MASSACHUSETTS AVENUE IN BOSTON, MASSACHUSETTS INTO A STATE-OF-THE-ART FACILITY THROUGH A NEW MARKETS TAX CREDIT ("NMTC") FINANCING ARRANGEMENT UNDER SECTION 45D OF THE IRC, AS AMENDED. ON DECEMBER 30, 2019, TRC TRANSFERRED ITS INTEREST IN PRE-DEVELOPMENT COSTS TO FOTRC IN CONJUNCTION WITH THE CLOSING OF THE NMTC TRANSACTION. UPON COMPLETION OF THE RENOVATIONS, TRC WILL LEASE BACK THE PREMISES. THROUGH JUNE 30, 2020, FOTRC ENGAGED IN CONSTRUCTION ACTIVITES.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Leslie Miller Jewett | CLERK | 1 | $0 |
| Felice L Silverman | DIRECTOR | 1 | $0 |
| James F Grace | DIRECTOR | 1 | $0 |
| John Escobar | DIRECTOR | 1 | $0 |
| Andrew Schulert | TREASURER | 1 | $0 |
| Matthew S Mcarthur | PRESIDENT & EXECUTIVE DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202013189349308486_public.xml