So Percussion INC FY2024 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2006Arts & CultureEIN 20-4485651

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The organizations mission is to promote and foster the performing arts and sustain the growth and development of the performing arts and to replenish the audience and increase the number of participants in the performing arts.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$108K 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

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $41K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$159K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$901K
+1% vs prior year
Spent
$965K
To programs
71%
Net assets
$487K
By yearFY2020–FY2024
Revenue
$901K
FY2024▲ +1%
Revenue by fiscal year
FY2020$648K
FY2021$590K
FY2022$829K
FY2023$890K
FY2024$901K
FY2024$986K
Expenses
$965K
FY2024▲ +4%
Expenses by fiscal year
FY2020$635K
FY2021$453K
FY2022$668K
FY2023$930K
FY2024$965K
FY2024$1.1M
Net assets
$487K
FY2024▼ -7%
Net assets by fiscal year
FY2020$268K
FY2021$405K
FY2022$566K
FY2023$526K
FY2024$487K
FY2024$421K

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2007.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $685K Management & general 24% · $236K Fundraising 5% · $44K

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

17 people listed on the 990; $108K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
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 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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes and fosters performing arts, growing audiences and participants.

Provided by the organization

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2 program services account for $685K of program spending, described in the organization's own filed words · FY2023.
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.

$617Kprogram 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.

$68Kprogram expense

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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$2K
Grants paid · 2 grants · $17K · 2019–2020
Unitemized GrantFY2020$9,450
Unitemized GrantFY2019$7,812

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$901K
Ln 12
Gifts and grantsLn 1h$582K
Fees for servicesLn 2g$283K
Other incomeLn 4–11$21K
Money outPt IX
$965K
Ln 25
Programscol B$685K
Managementcol C$236K
Fundraisingcol D$44K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$331K
Total assetsLn 16$646K
LiabilitiesLn 26$159K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$582K
Government grantsLn 1e$299K
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$283K
Investment incomeLn 3$14K
Other incomeLn 4–11$21K
Gains on assetsLn 7−$57
Total revenueLn 12$901K
Assets in detailPt X, end of year
CashLn 1$93K
SavingsLn 2$239K
Cash and savings togetherLn 1–2$331K
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$197K
Total assetsLn 16$646K
LiabilitiesLn 26$159K
Net assetsLn 32$487K
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$479K$331K
InvestmentsLn 11–13$86K$100K
Land, buildings, equipmentLn 10c$10K$5K
Total assetsLn 16$718K$646K
LiabilitiesLn 26$192K$159K
Net assetsLn 32$526K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$0$80K$26K
Other salaries and wagesLn 7$287K$287K$0$0
Other employee benefitsLn 9$35K$26K$7K$2K
Payroll taxesLn 10$40K$29K$8K$3K
Management feesLn 11a$9K$6K$3K$0
Accounting feesLn 11c$25K$0$25K$0
Advertising and promotionLn 12$10K$887$9K$0
Office expensesLn 13$10K$7K$2K$652
OccupancyLn 16$47K$35K$9K$2K
TravelLn 17$116K$88K$28K$1K
Depreciation, depletion and amortizationLn 22$8K$5K$3K$0
InsuranceLn 23$5K$4K$976$325
Other expenses (24a–d)Ln 24$167K$121K$46K$120
All other expensesLn 24e$101K$77K$16K$8K
Total functional expensesLn 25$965K$685K$236K$44K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $901K$965K−$65K$487K 990 PDF
FY2023 $890K$930K−$40K$526K 990 PDF
FY2022 $829K$668K$161K$566K 990 PDF
FY2021 $590K$453K$137K$405K 990 PDF
FY2020 $648K$635K$13K$268K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $900,575 across 11 lines filed
Lines not itemized here account for −$68 of total revenue; see the IRS return.
VIII-1c Fundraising events$17,359
VIII-1e Government grants$298,604
VIII-1f All other contributions, gifts and grants$265,994
VIII-1h Total contributions, gifts and grants$581,957
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$283,474
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $13,713$13,713
VIII-6 Net rental income or lossRelated to mission $16,740$16,740
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$57−$57
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,816 · Unrelated business $0 · Excluded from tax $0$4,816
VIII-12 Total revenueRelated to mission $304,962 · Unrelated business $0 · Excluded from tax $13,656$900,575
Part IX · Statement of functional expenses $965,288 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $79,500 · Fundraising $26,500$106,000
IX-7 Other salaries and wagesPrograms $286,901 · Management $0 · Fundraising $0$286,901
IX-9 Other employee benefitsPrograms $25,594 · Management $7,092 · Fundraising $2,364$35,050
IX-10 Payroll taxesPrograms $29,117 · Management $8,068 · Fundraising $2,690$39,875
IX-11a Management feesPrograms $5,713 · Management $3,189 · Fundraising $0$8,902
IX-11c Accounting feesPrograms $0 · Management $24,625 · Fundraising $0$24,625
IX-12 Advertising and promotionPrograms $887 · Management $9,117 · Fundraising $0$10,004
IX-13 Office expensesPrograms $7,060 · Management $1,956 · Fundraising $652$9,668
IX-16 OccupancyPrograms $34,878 · Management $9,301 · Fundraising $2,325$46,504
IX-17 TravelPrograms $87,631 · Management $27,710 · Fundraising $1,032$116,373
IX-22 Depreciation, depletion and amortizationPrograms $5,481 · Management $2,952 · Fundraising $0$8,433
IX-23 InsurancePrograms $3,523 · Management $976 · Fundraising $325$4,824
IX-24 Other expenses (24a–d)Programs $121,073 · Management $46,198 · Fundraising $120$167,391
IX-24e All other expensesPrograms $77,375 · Management $15,602 · Fundraising $7,761$100,738
IX-25 Total functional expensesPrograms $685,233 · Management $236,286 · Fundraising $43,769$965,288
Part X · Balance sheet $646,204 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $130,958$92,575
X-2 Savings and temporary cash investmentsStart of year $348,118$238,872
X-3 Pledges and grants receivableStart of year $36,300$10,875
X-9 Prepaid expenses and deferred chargesStart of year $5,922$1,954
X-10c Land, buildings and equipment, netStart of year $9,920$5,377
X-11 Publicly traded securitiesStart of year $85,650$99,648
X-15 Other assetsStart of year $101,341$196,903
X-16 Total assetsStart of year $718,209$646,204
X-17 Accounts payable and accrued expensesStart of year $3,684$38,840
X-19 Deferred revenueStart of year $63,264$58,762
X-25 Other liabilitiesStart of year $125,286$61,881
X-26 Total liabilitiesStart of year $192,234$159,483
X-27 Net assets without donor restrictionsStart of year $470,975$476,721
X-28 Net assets with donor restrictionsStart of year $55,000$10,000
X-32 Total net assets or fund balancesStart of year $525,975$486,721
X-33 Total liabilities and net assetsStart of year $718,209$646,204
Part XI · Reconciliation of net assets $486,721 net assets at year end
XI-1 Total revenue$900,575
XI-2 Total expenses$965,288
XI-3 Revenue less expenses−$64,713
XI-4 Net assets at start of year$525,975
XI-5 Net unrealized gains (losses) on investments$459
XI-8 Prior period adjustments$25,000
XI-10 Net assets at end of year$486,721

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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