Sounds Academy FY2020 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2014Arts & CultureEIN 46-3932746

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Our vision is to provide music education opportunities to a wide variety of children while removing any barriers that children may have in receiving quality music education.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$48K 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

FY2020 · 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 $79K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
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
12
named funders · $391K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$18K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
Spent
$265K
To programs
84%
Net assets
$113K
By yearFY2020–FY2024
Revenue
$326K
FY2020
Revenue by fiscal year
FY2020$326K
FY2021$385K
FY2022$775K
FY2023$641K
FY2024$802K
FY2024$882K
Expenses
$265K
FY2020
Expenses by fiscal year
FY2020$265K
FY2021$348K
FY2022$535K
FY2023$673K
FY2024$715K
FY2024$900K
Net assets
$113K
FY2020
Net assets by fiscal year
FY2020$113K
FY2021$149K
FY2022$389K
FY2023$356K
FY2024$444K
FY2024$427K

From the FY2020 Form 990 (year ending July 2020) · 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 2014.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $222K Management & general 8% · $22K Fundraising 8% · $21K

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

13 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$48,300Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair Thru 06/2020
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Johnson K’s $80K as Founder/CEO is at the 75th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Johnson K$79,510$72,158———
Kirk Johnson——$66,560$49,800$48,300

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 Sounds Academy 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 15aNo

Programs and updates

Teaches, mentors, and provides musical experiences and opportunities for underserved youth.

Provided by the organization

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1 program · $222K · in their own filed words · FY2019
01

Sounds academy believes that the zip code of a child should not dictate their access to music education. While in sounds academy, students receive individual lessons, group classes, and perform on the violin, viola, cello, guitar, and piano. Instruments are provided to those who cannot afford one.

$222Kprogram 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 · FY2024
See all 12 funders →
Grants paid · 5 grants · $379K · 2019–2023
Unitemized GrantFY2023$150,225
Unitemized GrantFY2022$120,690
Unitemized GrantFY2021$6,685
Unitemized GrantFY2020$60,410
Unitemized GrantFY2019$40,585

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$118K
Other incomeLn 4–11$847
Money outPt IX
$265K
Ln 25
Programscol B$222K
Managementcol C$22K
Fundraisingcol D$21K
Owns and owesPt X
$113K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$131K
LiabilitiesLn 26$18K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$16K
Noncash giftsLn 1g$650
Fundraising eventsLn 1c$650
Fees for servicesLn 2g$118K
Other incomeLn 4–11$847
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$90K
Cash and savings togetherLn 1–2$90K
InvestmentsLn 11–13$40K
Land, buildings, equipmentLn 10c$731
Other assetsLn 15$175
Total assetsLn 16$131K
LiabilitiesLn 26$18K
Net assetsLn 32$113K
OperationsPt I, VI
EmployeesI 514
VolunteersI 675
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$52K$90K
InvestmentsLn 11–13$40K
Land, buildings, equipmentLn 10c$887$731
Total assetsLn 16$53K$131K
LiabilitiesLn 26$2K$18K
Net assetsLn 32$52K$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$41K$41K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$50K$40K$7K$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$33K$27K$5K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$5K$950$317
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$14K$14K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$95K$95K
Advertising and promotionLn 12$35$35
Office expensesLn 13$8K$4K$4K$404
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4K$3K$538$179
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$156$156
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$8K$7K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$265K$222K$22K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $802K$715K$88K$444K 990 PDF
FY2023 $641K$673K−$32K$356K 990 PDF
FY2022 $775K$535K$240K$389K 990 PDF
FY2021 $385K$348K$37K$149K 990 PDF
FY2020 Viewing $326K$265K$61K$113K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $326,031 across 9 lines filed
VIII-1a Federated campaigns$16,490
VIII-1c Fundraising events$650
VIII-1e Government grants$16,000
VIII-1f All other contributions, gifts and grants$173,672
VIII-1g Noncash contributions (included above)$650
VIII-1h Total contributions, gifts and grants$206,812
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,372$118,372
VIII-8 Net income from fundraising eventsExcluded from tax $847$847
VIII-12 Total revenueRelated to mission $118,372 · Excluded from tax $847$326,031
Part IX · Statement of functional expenses $264,536 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $40,585$40,585
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $39,680 · Management $7,440 · Fundraising $2,480$49,600
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $26,572 · Management $4,982 · Fundraising $1,661$33,215
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,068 · Management $950 · Fundraising $317$6,335
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,160$2,160
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $14,400$14,400
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $94,683$94,683
IX-12 Advertising and promotionPrograms $35$35
IX-13 Office expensesPrograms $4,040 · Management $3,636 · Fundraising $404$8,080
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,870 · Management $538 · Fundraising $179$3,587
IX-17 TravelPrograms $1,170$1,170
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $156$156
IX-23 InsuranceManagement $2,045$2,045
IX-24 Other expenses (24a–d)Programs $7,242 · Fundraising $1,243$8,485
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $222,101 · Management $21,751 · Fundraising $20,684$264,536
Part X · Balance sheet $131,348 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $52,333$90,442
X-10c Land, buildings and equipment, netStart of year $887$731
X-11 Publicly traded securities$40,000
X-15 Other assetsStart of year $175$175
X-16 Total assetsStart of year $53,395$131,348
X-25 Other liabilitiesStart of year $1,769$18,227
X-26 Total liabilitiesStart of year $1,769$18,227
X-27 Net assets without donor restrictionsStart of year $51,626$113,121
X-32 Total net assets or fund balancesStart of year $51,626$113,121
X-33 Total liabilities and net assetsStart of year $53,395$131,348
Part XI · Reconciliation of net assets $113,121 net assets at year end
XI-1 Total revenue$326,031
XI-2 Total expenses$264,536
XI-3 Revenue less expenses$61,495
XI-4 Net assets at start of year$51,626
XI-10 Net assets at end of year$113,121

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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