MPAA Reports a Slight Surplus for 2014

mpaa Motion Picture Association of America

Chairman Chris Dodd's Salary Unchanged at $3.3 Million

The MPAA reported a $262,774 surplus in 2014, with an increase in revenue from membership dues, according to the trade association’s most recent form filed to the IRS.

Since then, the MPAA has since been trimming some staff through attrition, but a spokesman declined to comment on how many positions have been eliminated.

The surplus was a contrast to a $4.4 million deficit in 2013, and a spokeswoman attributed the shortfall to annual accounting fluctuations.

MPAA chairman Chris Dodd’s salary was unchanged from the prior year, at $3.3 million.

The disclosures were made in the organization’s Form 990 filing covering 2014. The trade association filed their report last week.

Revenue from membership dues, paid by the studio member companies to fund the organization, increased to $65.1 million, from $52.6 million in 2013. Revenue from its film rating service was $5.4 million, from $5.3 million a year earlier. Overall total revenue rose to $73.3 million, from $61.5 million a year earlier.

The MPAA reported a $4.4 million deficit in 2013, with a decline in revenue from membership dues, but a spokeswoman attributed the shortfall to accounting fluctuations.

Total expenses in 2014 rose to $73.3 million, from $66 million in the prior year. That included an increase in salaries and other compensation, as well as an increase in legal expenses, which rose to $7.4 million, from $4.3 million a year earlier. Lobbying expenses dropped to $4.5 million, from $5 million a year earlier.

The MPAA also had more expenses for special projects, at $4 million, from $2.6 million a year earlier.

The association reported net assets of $16 million, down from $16.5 million a year earlier.

As in previous years, the MPAA made grants to a number of groups across the political spectrum, including $92,082 to the Republican Attorneys General Assn. and $33,333 to the Democratic Attorneys General Assn.

Google is in the midst of ongoing litigation with Mississippi Attorney General Jim Hood, claiming he has been unduly influenced by the lobbying efforts of the MPAA and other groups in trying to investigate the search giant. The MPAA has said that it has sought the assistance of all government agencies to combat copyright infringement.

Other MPAA grants include $100,000 to the U.S. Chamber of Commerce, $750,000 to the Copyright Alliance, $75,000 to Americans for Tax Reform, $560,000 to the Center for Copyright Information, $20,000 to the Conference of Western Attorneys General, $75,000 to the American Enterprise Institute for Public Policy, $110,000 to the American Conservative Union, $109,000 to the Phoenix Center for Advanced Legal and Economic Policy, $20,000 to the American Action Forum, $35,000 to Americans for Prosperity, $30,000 to the Free State Foundation, $40,000 to the Minority Media and Telecommunications Council, $10,000 to the Congressional Black Caucus Foundation and $40,000 to the Congressional Hispanic Caucus Institute.

The largest grant, of $1 million, was to Carnegie Mellon University, which receives funding for its  Initiative for Digital Entertainment Analytics.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading