Reverb INC FY2021 filing

Tax-deductible

Portland, ME501(c)(3)Since 2003EnvironmentEIN 20-1042256Revenue $4.0M in FY2021

On file with the IRSreverb.org386 Fore St Ste 202, 04101-4047 · Portland, METax-exempt since Feb 2006Publicly supported charity — 170(b)(1)(A)(vi)

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Reverb engages musicians and their fans to take action toward a more sustainable future.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$210K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.3M a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$210K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+171% vs prior year
Spent
$2.8M
To programs
88%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$4.0M
FY2021▲ +171%
Revenue by fiscal year
FY2020$1.5M
FY2021$4.0M
FY2022$5.7M
FY2023$5.5M
FY2024$7.2M
Expenses
$2.8M
FY2021▲ +75%
Expenses by fiscal year
FY2020$1.6M
FY2021$2.8M
FY2022$4.6M
FY2023$4.4M
FY2024$3.8M
Net assets
$2.5M
FY2021▲ +91%
Net assets by fiscal year
FY2020$1.3M
FY2021$2.5M
FY2022$3.5M
FY2023$4.7M
FY2024$8.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $2.5M Management & general 9% · $257K Fundraising 2% · $68K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $210K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Director
$111,819Pt VII · Sec A
Co-Director/President
$98,169Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gardner Adam’s $132K as Co-Director is at the 53rd percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gardner Adam$131,541$139,125$139,125$111,819$105,300
Sullivan Lauren$131,541$139,125$139,125$98,169$79,178

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Reverb INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires musicians and fans to act for a sustainable future.

Provided by the organization

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3 programs · $945K · in their own filed words · FY2021
01

During 2021, reverb's major program accomplishment areas were connected to three marquis tours: dead & co., dave matthews band, and harry STYLES.IN 2021, reverb again worked with the iconic musicians in dead & co. Reverb was theproduction arm behind "participation row" along with our voter registration partners at headcount.

$394Kprogram expense
02

Reverb had the privilege of working, once again, with the international pop star harry syles in 2021, and it was astounding what our music community accomplished together. We garnered over 40,265 fan actions over the course of the tour including: nearly 4,869 fans took the music climate revolution climate quiz; we eliminated 33,900+…

$339Kprogram expense
03

Reverb again had the honor of joining forces with the dave matthews band, whom we have partnered with since 2005. Together we created the "bama green project", and the statistics and accomplishments in 2021 have been remarkable.

$213Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$26K
Grants paid · 192 grants · $5.5M · 2020–2024
Sound Future FoundationVA · FY2024$100,000
Musicares Foundation INCCA · FY2024$82,723
Native Renewables INCAZ · FY2024$37,133
One Drop Foundation INCNV · FY2024$29,000
Oceana INCDC · FY2024$29,000
HeadcountNY · FY2024$20,105
Urban TilthCA · FY2024$19,000
Support and Feed INCCA · FY2024$15,000
Oxfam-America INCMA · FY2024$12,742
Planet Reimagined INCNY · FY2024$10,471
Water Missions InternationalSC · FY2024$10,000
Front and CenteredWA · FY2024$8,000
Sweetwater Music Hall INCCA · FY2024$7,775
Rex FoundationCA · FY2024$7,775
Rainforest Action NetworkCA · FY2024$7,775
See all 192 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.5M
Fees for servicesLn 2g$268K
Other incomeLn 4–11$162K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.5M
Managementcol C$257K
Fundraisingcol D$68K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$96K
Noncash giftsLn 1g$540K
Fees for servicesLn 2g$268K
Investment incomeLn 3$22K
Other incomeLn 4–11$162K
Gains on assetsLn 7$4K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$3K
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$680K
Land, buildings, equipmentLn 10c$40K
Total assetsLn 16$3.9M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 514
VolunteersI 6424
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$456K$2.3M
InvestmentsLn 11–13$676K$680K
Land, buildings, equipmentLn 10c$39K$40K
Total assetsLn 16$1.3M$3.9M
LiabilitiesLn 26$26K$1.4M
Net assetsLn 32$1.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$582K$582K
Pay of current officers, directors and key staffLn 5$224K$179K$27K$18K
Other salaries and wagesLn 7$481K$385K$58K$38K
Pension plan contributionsLn 8$15K$12K$2K$1K
Payroll taxesLn 10$58K$47K$7K$5K
Legal feesLn 11b$734$514$220
Accounting feesLn 11c$44K$44K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$23K$18K$4K$1K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$63K$35K$28K
Information technologyLn 14$25K$16K$9K
OccupancyLn 16$29K$27K$2K
TravelLn 17$67K$64K$3K
Depreciation, depletion and amortizationLn 22$17K$8K$8K$1K
InsuranceLn 23$15K$24$15K
Other expenses (24a–d)Ln 24$1.1M$1.1M$20K$2K
Total functional expensesLn 25$2.8M$2.5M$257K$68K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.2M$3.8M$3.4M$8.1M 990 PDF
FY2023 $5.5M$4.4M$1.0M$4.7M 990 PDF
FY2022 $5.7M$4.6M$1.0M$3.5M 990 PDF
FY2021 Viewing $4.0M$2.8M$1.2M$2.5M 990 PDF
FY2020 $1.5M$1.6M−$115K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $3,985,444 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,394,681$3,534,086
I-9 Program service revenuePrior year $57,949$267,575
I-10 Investment incomePrior year −$3,181$22,009
I-11 Other revenuePrior year $20,946$161,774
I-12 Total revenuePrior year $1,470,395$3,985,444
I-13 Grants and similar amounts paidPrior year $343,425$582,096
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $658,871$778,214
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $583,453$1,418,115
I-18 Total expensesPrior year $1,585,749$2,778,425
I-19 Revenue less expensesPrior year −$115,354$1,207,019
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,985,444 across 9 lines filed
Lines not itemized here account for $148,354 of total revenue; see the IRS return.
VIII-1e Government grants$95,960
VIII-1f All other contributions, gifts and grants$3,438,126
VIII-1g Noncash contributions (included above)$539,600
VIII-1h Total contributions, gifts and grants$3,534,086
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $267,575$267,575
VIII-3 Investment incomeExcluded from tax $17,915$17,915
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,094$4,094
VIII-8 Net income from fundraising eventsExcluded from tax $13,420$13,420
VIII-12 Total revenueRelated to mission $415,929 · Unrelated business $0 · Excluded from tax $35,429$3,985,444
Part IX · Statement of functional expenses $2,778,425 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $582,096$582,096
IX-5 Pay of current officers, directors and key staffPrograms $179,250 · Management $26,888 · Fundraising $17,925$224,063
IX-7 Other salaries and wagesPrograms $384,976 · Management $57,746 · Fundraising $38,498$481,220
IX-8 Pension plan contributionsPrograms $11,652 · Management $1,748 · Fundraising $1,165$14,565
IX-10 Payroll taxesPrograms $46,693 · Management $7,004 · Fundraising $4,669$58,366
IX-11b Legal feesPrograms $514 · Management $220$734
IX-11c Accounting feesManagement $44,159$44,159
IX-11f Investment management feesManagement $4,448$4,448
IX-11g Other fees for servicesPrograms $18,118 · Management $3,596 · Fundraising $1,494$23,208
IX-12 Advertising and promotionPrograms $8,011$8,011
IX-13 Office expensesPrograms $34,925 · Management $28,255$63,180
IX-14 Information technologyPrograms $15,808 · Management $8,963$24,771
IX-16 OccupancyManagement $27,138 · Fundraising $1,814$28,952
IX-17 TravelPrograms $63,748 · Management $3,179$66,927
IX-22 Depreciation, depletion and amortizationPrograms $7,544 · Management $8,324 · Fundraising $1,040$16,908
IX-23 InsurancePrograms $24 · Management $15,300$15,324
IX-24 Other expenses (24a–d)Programs $1,100,214 · Management $19,647 · Fundraising $1,632$1,121,493
IX-25 Total functional expensesPrograms $2,453,573 · Management $256,615 · Fundraising $68,237$2,778,425
Part X · Balance sheet $3,915,181 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $453,569$2,258,711
X-2 Savings and temporary cash investmentsStart of year $2,744$2,744
X-3 Pledges and grants receivableStart of year $15,234$745,767
X-4 Accounts receivableStart of year $21,680$17,871
X-8 Inventories for sale or useStart of year $107,485$165,639
X-9 Prepaid expenses and deferred chargesStart of year $17,760$5,004
X-10c Land, buildings and equipment, netStart of year $38,669$39,935
X-11 Publicly traded securitiesStart of year $675,941$679,510
X-16 Total assetsStart of year $1,333,082$3,915,181
X-17 Accounts payable and accrued expensesStart of year $26,452$1,414,951
X-26 Total liabilitiesStart of year $26,452$1,414,951
X-27 Net assets without donor restrictionsStart of year $1,304,394$2,441,231
X-28 Net assets with donor restrictionsStart of year $2,236$58,999
X-32 Total net assets or fund balancesStart of year $1,306,630$2,500,230
X-33 Total liabilities and net assetsStart of year $1,333,082$3,915,181
Part XI · Reconciliation of net assets $2,500,230 net assets at year end
XI-1 Total revenue$3,985,444
XI-2 Total expenses$2,778,425
XI-3 Revenue less expenses$1,207,019
XI-4 Net assets at start of year$1,306,630
XI-5 Net unrealized gains (losses) on investments−$13,419
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,500,230

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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