So Percussion INC EIN 20-4485651 Form 990 (PDF) Claim this org

So Percussion INC FY2020 filing

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Promotes and fosters performing arts, growing audiences and participants. For fiscal year 2020 it reported $648K in revenue, $635K in expenses, and $268K in net assets.Pt I

Founded
2006
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Brooklyn, NY
Website
sopercussion.com
Filings
5 on file (2020–2020)
Revenue
$648KFY2020
Expenses
$635K
Net assets
$268K
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-4485651 Public charity (501(c)(3)) Brooklyn, NY Founded 2006
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes and fosters performing arts, growing audiences and participants.
Leadership
David Lang · Director
Money in and out
$648K revenue, $635K expenses
Bottom line
68% program efficiency
Where the money goes · FY2020
Total revenue
$648K
Pt VIII · Ln 12
Total expenses
$635K
Pt IX · Ln 25
Net assets
$268K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.23 Fundraising $0.09
Program efficiency
68%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$648K
FY2020
Expenses
$635K
FY2020
Total assets
$350K
FY2020
Total liabilities
$82K
FY2020
Total revenue
$648K
Pt VIII · Ln 12
Total expenses
$635K
Pt IX · Ln 25
Net assets
$268K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$350K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

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 1a6
Independent voting membersPt VI · Ln 1b6
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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Communications
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tim Thomas’s $108K as Executive Director is at the 91st percentile of top reported officer pay among 2215 $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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Mission & Programs · Part III

Where the work happens

3 program services account for $432K of program spending, described in the organization's own filed words · FY2019.
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 exhanges of information. A large number of performances were done on university campuses, as well as lectures on music and other art forms.

$353Kprogram expense
02

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

$73Kprogram expense
03

The organization engages in other various activities to further educate,inspire, recording, and promote the performing arts worldwide.

$6Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$402K · 62%
Program service revenue$222K · 34%
Other revenue$24K · 4%
Contributions & grants62%$402K
Program service revenue34%$222K
Other revenue4%$24K
— government grantsLn 1e$96K
Total revenueLn 12$648K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.23 Fundraising $0.09
Program services68%$432K
Management & general23%$145K
Fundraising9%$58K
Total functional expensesLn 25$635K

Balance Sheet

Part X · end of year
CashLn 1$277K
Total assetsLn 16$350K
Total liabilitiesLn 26$82K
Total net assetsLn 32$268K
Months of cash on handcomputed5.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $277K · Operating expenses/yr $635K
5.2 months
Where the money goes
Program services
Program services $432K · Total expenses $635K
68%
Management & General
Management & general $145K · Total expenses $635K
23%
Fundraising
Fundraising $58K · Total expenses $635K
9%
Cost to raise $1
Fundraising expense $58K · Solicited contributions $307K
$0.19 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $648K
62%
Government reliance
Government grants $96K · Total revenue $648K
15%
Earned-income share
Program service revenue $222K · Total revenue $648K
34%
Investment reliance
Investment income $0 · Total revenue $648K
0%
Program self-sufficiency
Program service revenue $222K · Total expenses $635K
35%
Growth & trend
Revenue growth (YoY)
This year $648K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $268K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $648K · Expenses $635K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $350K
Net-asset ratio
Net assets $268K · Total assets $350K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $350K
0%
People & payroll
Highest Reported Total Compensation
Individual David Lang · Reported title Director · Highest reported compensation $0 · Total expenses $635K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $329K · Total expenses $635K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 23%
Fundraising cost ratio 14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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