S Cool Sounds INC FY2021 filing

Brooklyn, NY · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2021
Revenue
$175K
Net assets
$81K
By yearFY2021–FY2025
Revenue
$175K
FY2021
Revenue by fiscal year
FY2021$175K
FY2022$421K
FY2023$540K
FY2024$448K
FY2025$575K
Expenses
—
FY2021
Expenses by fiscal year
FY2021Not on file
FY2022$369K
FY2023$523K
FY2024$462K
FY2025$547K
Net assets
$81K
FY2021
Net assets by fiscal year
FY2021$81K
FY2022$133K
FY2023$150K
FY2024$135K
FY2025$163K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — American Endowment Foundation
$25K in the latest grant year.
Spent on programs?
Not on file
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CS Cool Sounds INC
EINHdr · item D35-2575478
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2017
Latest filingForm 990FY2025 · Form 990-EZ
Principal addressHdr · item CBrooklyn, NY
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jscoolsounds.org

Financial health

Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year
Donor-funded
54%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2021 · Form 990-EZ
Total assets
—
FY2021
Total assets by fiscal year
FY2021Not on file
FY2022$135K
FY2023$150K
FY2024$137K
FY2025$171K
Total liabilities
$247
FY2021
Total liabilities by fiscal year
FY2021Not on file
FY2022$2K
FY2023$439
FY2024$2K
FY2025$7K
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16—
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16—
Total liabilitiesLn 26$247
Total net assetsLn 32$81K

Statement of Revenue

Part VIII
Other revenue100%$175K
Total revenueLn 12$175K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $81K · Operating expenses/yr $164K
5.9 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $94K · Total revenue $175K
54%
Government reliance
not reported
Earned-income share
Program service revenue $81K · Total revenue $175K
46%
Investment reliance
Investment income $0 · Total revenue $175K
0%
Program self-sufficiency
Program service revenue $81K · Total expenses $164K
49%
Growth & trend
Revenue growth (YoY)
This year $175K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $81K · Beginning of year $69K
+17%
Balance sheet
Surplus Margin
Revenue $175K · Expenses $164K
+7%
Liabilities-to-Assets
Total liabilities $247 · Total assets $81K
0.3%
Net-asset ratio
Net assets $81K · Total assets $81K
100%
People & payroll
Highest Reported Total Compensation
Individual Louise Brooks · Reported title Executive Director · Highest reported compensation $36K · Total expenses $164K
22%
Personnel share
Salaries & benefits $61K · Total expenses $164K
37%

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. Peer cohort: .

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$36,000Pt VII · Sec A
Director
$25,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Louise Brooks’s $79K as Executive Dir. is at the 74th percentile of top reported officer pay among 2216 $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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Louise Brooks$78,703$70,702—$41,000$36,000
Louise Brooks——$55,250——
Nina Stern$47,250$43,000$41,654——
Nina Stern———$30,000$25,000
Dave Adewumi$25,388$15,325———

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 S Cool Sounds INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Mission and programs

Offers music lessons and promotes music appreciation for children from low-income areas.

Provided by the organization

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 4 grants · $57K · 2021–2024
Crossing Thresholds INCCT · FY2024$17,957
Crossing Thresholds INCCT · FY2023$16,800
Crossing Thresholds INCCT · FY2022$16,620
Crossing Thresholds INCCT · FY2021$5,700

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $575K$547K+28% 990 PDF
FY2024 $448K$462K-17% 990 PDF
FY2023 $540K$523K+28% 990 PDF
FY2022 $421K$369K+140% 990 PDF
FY2021 Viewing $175K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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