Sounds Academy FY2021 filing
Teaches, mentors, and provides musical experiences and opportunities for underserved youth. For fiscal year 2021 it reported $385K in revenue, $348K in expenses, and $149K in net assets.Pt I
- Founded
- 2014
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Phoenix, AZ
- Website
- soundsacademy.org
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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.
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Where the work happens
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 7% | — | — |
| Revenue growth | 18% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.6% | — | — |
| Fundraising fee ratio | 4% | — | — |
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
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Filings & Schedule Manifest
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