Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
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
9 people listed on the 990; $68K paid to officers and key staff.
Jonathan Sussman’s $35K as Former Executive Director is at the 29th 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 |
|---|---|---|---|---|---|
| Stratton Tingle | $26,923 | $70,000 | $70,000 | $68,269 | $65,000 |
| Jonathan Sussman | $34,616 | — | — | — | — |
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 15aNo
Programs and updates
Builds local music infrastructure and expertise, creating more opportunities to experience music.
Questions for Soundcorps INC
Your first name shows with your question. Soundcorps INC answers here, for everyone.
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Soundcorps programs are designed to help local music industry professionals build their careers through training, resource development, and networking. Individuals impacted during 2021 number at 78,750.
Sidewalk stages, our public street performance initiative, is designed to activate public spaces throughout chattanooga with live local music. Individuals impacted during 2021 number 221,000.
Soundbites is the nation's first local music subscription service, which connects up-and-coming recording artists with an audience of subscribers who want to learn about new local music. This program impacted 250 musicians and subscribers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $65K | $43K |
| Land, buildings, equipmentLn 10c | $23K | $17K |
| Total assetsLn 16 | $88K | $60K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $88K | $60K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $68K | $44K | $11K | $14K |
| Other salaries and wagesLn 7 | $34K | $16K | $14K | $4K |
| Other employee benefitsLn 9 | $6K | $4K | $907 | $1K |
| Payroll taxesLn 10 | $8K | $4K | $2K | $1K |
| Management feesLn 11a | $4K | $2K | $2K | |
| Accounting feesLn 11c | $8K | $8K | ||
| Other fees for servicesLn 11g | $53K | $52K | $1K | |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $316 | $60 | $256 | |
| Information technologyLn 14 | $1K | $1K | ||
| OccupancyLn 16 | $3K | $2K | $488 | $594 |
| TravelLn 17 | $401 | $401 | ||
| Conferences, conventions and meetingsLn 19 | $617 | $617 | ||
| InterestLn 20 | $26 | $26 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $56K | $54K | $2K | |
| All other expensesLn 24e | $188 | $188 | ||
| Total functional expensesLn 25 | $253K | $181K | $49K | $23K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $211K | $300K | −$89K | $10K | 990 PDF |
| FY2023 | $406K | $389K | $17K | $98K | 990 PDF |
| FY2022 | $321K | $300K | $21K | $81K | 990 PDF |
| FY2021 Viewing | $226K | $253K | −$28K | $60K | 990 PDF |
| FY2020 | $351K | $279K | $72K | $88K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $225,885 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 3 to look at
Part VIII · Statement of revenue $225,885 across 7 lines filed
Part IX · Statement of functional expenses $253,482 across 18 lines filed
Part X · Balance sheet $60,294 assets, 8 lines filed
Part XI · Reconciliation of net assets $60,294 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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