Sounds Like La FY2022 filing

Santa Monica, CA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2022
Revenue
$363K
▲ +4% vs prior year
Spent
$400K
To programs
69%
Net assets
$265K
By yearFY2020–FY2025
Revenue
$363K
FY2022▲ +4%
Revenue by fiscal year
FY2020$352K
FY2021$349K
FY2022$363K
FY2023$357K
FY2024$355K
FY2025$465K
Expenses
$400K
FY2022▲ +52%
Expenses by fiscal year
FY2020$333K
FY2021$263K
FY2022$400K
FY2023$376K
FY2024$413K
FY2025$403K
Net assets
$265K
FY2022▲ +7%
Net assets by fiscal year
FY2020$87K
FY2021$247K
FY2022$265K
FY2023$246K
FY2024$270K
FY2025$334K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

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?
4 funders, incl. California Community Foundation
$82K in the latest grant year.
Spent on programs?
69% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +4% vs prior year
Legal name (IRS)Hdr · item CSounds Like La
EINHdr · item D46-5733574
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2015
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSanta Monica, CA
NTEE classificationIRS BMFArts & Culture (A69)
WebsiteHdr · item Jsoundslikela.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.31
Program services69%$276K
Management & general31%$123K
Total functional expensesLn 25$400K

Financial health

Program efficiency
69%
of spending reaches programs
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$389K
FY2022▲ +4%
Total assets by fiscal year
FY2020$287K
FY2021$376K
FY2022$389K
FY2023$448K
FY2024$389K
FY2025$449K
Total liabilities
$124K
FY2022▼ -4%
Total liabilities by fiscal year
FY2020$199K
FY2021$129K
FY2022$124K
FY2023$202K
FY2024$119K
FY2025$115K
Revenue less expensesPt I · Ln 19−$37K
Total assetsPt X · Ln 16$389K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$389K
Total assetsLn 16$389K
Total liabilitiesLn 26$124K
Total net assetsLn 32$265K
Months of cash on handcomputed11.7

Statement of Revenue

Part VIII
Contributions & grants100%$363K
Investment income$36
Total revenueLn 12$363K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $389K · Operating expenses/yr $400K
11.7 months
Where the money goes
Program services
Program services $276K · Total expenses $400K
69%
Management & General
Management & general $123K · Total expenses $400K
31%
Fundraising
Fundraising $0 · Total expenses $400K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $354K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $363K · Total revenue $363K
100%
Government reliance
Government grants — · Total revenue $363K
—
Earned-income share
Program service revenue $0 · Total revenue $363K
0%
Investment reliance
Investment income $36 · Total revenue $363K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $400K
0%
Growth & trend
Revenue growth (YoY)
This year $363K · Prior year $349K
+4%
Net-asset trend (YoY)
End of year $265K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $363K · Expenses $400K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $389K
—
Net-asset ratio
Net assets $265K · Total assets $389K
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $389K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shabnam Fasa · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $89K · Total expenses $400K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $326K · Total expenses $400K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 31%——
Fundraising cost ratio 0%——
Revenue growth 4%——
Accounting fee ratio 0.5%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$88,931Pt VII · Sec A
Co-Founder/Secretary
$8,420Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Boaed Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Shabnam Fasa’s $99K as Executive Director is at the 88th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shabnam Fasa$99,298$85,378$70,561$88,931——
Shabnam Fasa————$88,000$61,173
Julius Reder Carlson————$13,390$2,730
Julius Reder Carlson$4,463$3,938$4,404$8,420——

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Offers free music classes, rehearsals, and concerts for youth in Los Angeles County.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $276K of program spending, described in the organization's own filed words · FY2021.
01

Sunday rehearsals

$191Kprogram expense
02

Pluralistic school

$48Kprogram expense
03

Mariachi (vap & samo)

$37Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $465K$403K+31% 990 PDF
FY2024 $355K$413K-0.3% 990 PDF
FY2023 $357K$376K-2% 990 PDF
FY2022 Viewing $363K$400K+4% 990 PDF
FY2021 $349K$263K-1% 990 PDF
FY2020 $352K$333K 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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