So Percussion INC EIN 20-4485651

So Percussion INC

EIN  20-4485651 Public charity (501(c)(3)) Brooklyn, NY Founded 2006
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes and fosters performing arts, growing audiences and participants.
Leadership
Tim Thomas · Executive Director · $108K
Money in and out
$986K revenue, $1.1M expenses
Bottom line
73% program efficiency

Promotes and fosters performing arts, growing audiences and participants. For fiscal year 2024 it reported $986K in revenue, $1.1M in expenses, and $421K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$986K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$421K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.23 Fundraising $0.05
Program efficiency
73%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▲ +7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$986K
FY2024▲ +10%
Expenses
$1.1M
FY2024▲ +9%
Total assets
$548K
FY2024▼ -15%
Total liabilities
$127K
FY2024▼ -21%
Total revenue
$986K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$421K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$548K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

2 program services account for $765K of program spending, described in the organization's own filed words · FY2024.
01

The organization accomplished its mission through the sponsorship and conduct of seminars,workshops, formal and informal meetings, public presentations, master classes, performances and other exchanges of information. A large number of performances were done on university campuses, as well as lectures on music and other art forms.

$733Kprogram expense
02

The so percussion summer institute (sosi) is an intensive two-week chamber music seminar for college age percussionists and comopsers. The four members of so percussion serve as faculty in rehearsal, performance, and discussion of contemporary music.

$31Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSo Percussion INC
EINHdr · item D20-4485651
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jsopercussion.com
Year of formationHdr · item L2006
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFSep 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$108,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair and Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair Emeritus
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tim Thomas’s $108K as Executive Director is at the 91st percentile of top reported officer pay among 2212 $100K–1M arts & culture 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Tim Thomas$108,000$108,000$2,000
Eric Cha-Beach$48,618
Joshua Quillen$48,618
Adam Sliwinski$48,618
Jason Treuting$48,618
Adam Sliwinski$46,926
Jason Treuting$46,926
Josh Quillen$46,926

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.

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Statement of Revenue

Part VIII
Contributions & grants$515K · 52%
Program service revenue$444K · 45%
Investment income$15K · 2%
Other revenue$12K · 1%
Contributions & grants52%$515K
Program service revenue45%$444K
Investment income2%$15K
Other revenue1%$12K
— government grantsLn 1e$190K
Total revenueLn 12$986K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.23 Fundraising $0.05
Program services73%$765K
Management & general23%$237K
Fundraising5%$51K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$478K
Total assetsLn 16$548K
Total liabilitiesLn 26$127K
Total net assetsLn 32$421K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $481K · Operating expenses (Pt IX) $1.1M · Less non-cash grants $22K · Cash operating expenses/yr $1.0M
5.6 months
Where the money goes
Program services
Program services $765K · Total expenses $1.1M
73%
Management & General
Management & general $237K · Total expenses $1.1M
23%
Fundraising
Fundraising $51K · Total expenses $1.1M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $38K · Solicited contributions (3-yr avg) $292K
$0.13 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $515K · Total revenue $986K
52%
Government reliance
Government grants $190K · Total revenue $986K
19%
Earned-income share
Program service revenue $444K · Total revenue $986K
45%
Investment reliance
Investment income $15K · Total revenue $986K
+2%
Program self-sufficiency
Program service revenue $444K · Total expenses $1.1M
42%
Growth & trend
Revenue growth (YoY)
This year $986K · Prior year $901K
+10%
Revenue CAGR
FY2019 $648K · FY2024 $986K
+9%
Net-asset trend (YoY)
End of year $421K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $986K · Expenses $1.1M
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $548K
Net-asset ratio
Net assets $421K · Total assets $548K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $548K
1%
People & payroll
Highest Reported Total Compensation
Individual Tim Thomas · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $108K · Total expenses $1.1M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $458K · Total expenses $1.1M
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 23%
Fundraising cost ratio 10%
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $17K · 2019–2020
Unitemized GrantFY2020$9,450
Unitemized GrantFY2019$7,812

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$901K revenue · ⤓ 990 PDF
FY2023$890K revenue · ⤓ 990 PDF
FY2022$829K revenue · ⤓ 990 PDF
FY2021$590K revenue · ⤓ 990 PDF
FY2020$648K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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