Reverb Inc
- Assets
- $5.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Portland, ME
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 20-1042256
Organization Overview
Reverb Inc is located in Portland, ME. The organization was established in 2006. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2023, Reverb Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reverb Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Reverb Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Reverb Inc has awarded 131 individual grants totaling $4,125,779. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REVERB ENGAGES MUSICIANS AND THEIR FANS TO TAKE ACTION TOWARD A MORE SUSTAINABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS PROGRAMS AND ARTISTS: MUSIC DECARBONIZATION PROJECT, DEAD & COMPANY AND THE 1975.REVERB LAUNCHED OUR MUSIC DECARBONIZATION PROJECT WHICH WORKS TO ADVANCE INNOVATIVE CLIMATE SOLUTIONS TO DIRECTLY ELIMINATE CARBON EMISSIONS CREATED BY THE MUSIC INDUSTRY. THE FUNDING RAISED FOR THIS PROJECT HELPS DEVELOP AND PROMOTE THE NECESSARY SHIFT TOWARD INCREASED EFFICIENCY, EXPANDING CLEAN ENERGY OPTIONS, AND REDUCING GREENHOUSE GAS POLLUTION WITH A FOCUS ON THE UNIQUE CLIMATE CHALLENGES OF MUSIC. IN 2023, WE HAD THE HONOR OF JOINING FORCES WITH BILLIE EILISH TO BRING CLEAN ENERGY TO THE MAIN STAGE AT THE LOLLAPALOOZA FESTIVAL. INTELLIGENT BATTERY SYSTEMS, CHARGED VIA A TEMPORARY ON-SITE SOLAR ARRAY, POWERED KEY COMPONENTS OF BILLIE'S 80-MINUTE HEADLINE SET. THE ZERO-EMISSION TECHNOLOGY REDUCED THE USE OF HIGHLY POLLUTING DIESEL GENERATORS. ADDITIONALLY, WE HAD THE OPPORTUNITY TO WORK WITH WILLIE NELSON AT HIS LUCK REUNION AND WERE ABLE TO POWER ALL FOUR FESTIVAL STAGES WITH SOLAR-CHARGED INTELLIGENT BATTERY SYSTEMS. FINALLY, REVERB'S MUSIC DECARBONIZATION PROJECT HELPED FUND, DEVELOP AND BUILD 100% SOLAR POWERED NEXT-GENERATION FESTIVAL LIGHT TOWERS, WITH OUR PARTNERS AT OVERDRIVE ENERGY SOLUTIONS, TO REPLACE TRADITIONAL DIESEL-POWERED UNITS. THESE NEW ZERO-EMISSIONS TOWERS DRASTICALLY REDUCE FUEL CONSUMPTION AND RELATED GREENHOUSE GAS EMISSIONS AT FESTIVALS.
IN 2023, REVERB AGAIN WORKED WITH THE ICONIC MUSICIANS IN DEAD & CO. REVERB WAS THE PRODUCTION ARM BEHIND "PARTICIPATION ROW" ALONG WITH OUR VOTER REGISTRATION PARTNERS AT HEADCOUNT. DURING THIS TOUR THERE WERE 58,000+ FAN ACTIONS TAKEN; $3.6 MILLION RAISED FOR DEAD & CO. CHARITY ORGANIZATIONS; 35,000+ SINGLE-USE BOTTLES ELIMINATED AT SHOWS, FUNDING SUPPORT TO DIVERSE GLOBAL PROJECTS ELIMINATING GREENHOUSE GAS SUCH AS GIVEPOWER'S KENYA SOLAR WATER FARM, NATIVEENERGY'S MEXICAN BIODIGESTER PROJECT, NATIVE RENEWABLE'S HOZHO HOMES PROGRAM, AND URBAN TILTH'S SUSTAINABLE FOOD PROGRAMMING; 56 NONPROFIT ORGANIZATIONS AND PARTNERS WERE SUPPORTED; AND 745 VOLUNTEERS GAVE OVER 3,000+ HOURS TO HELP RAISE AWARENESS ABOUT OUR WORK ON THIS TOUR. IT WAS AN INCREDIBLE EXPERIENCE TO BE ON THE ROAD AND BE ABLE TO CREATE PROGRAMMING FOR ARTISTS WHO HAVE LED THE CHARGE WITHIN THE MUSIC INDUSTRY AS CULTURAL CHANGE MAKERS SINCE THE 1960'S.
REVERB HAS PARTNERED WITH THE 1975 AND WE ACHIEVED SO MUCH ON THEIR TOUR. DURING OUR TIME OUT ON THE ROAD WITH THEM THERE WERE 22,450+ DISPOSABLE PLASTIC WATER BOTTLES DIVERTED FROM THE LANDFILL BY FANS, ARTIST AND CREW; 36 NONPROFITS HOSTED AT SHOWS; 2,770+ "FAN TRAVEL SURVEY" SUBMITTED TO HELP US LEARN MORE ABOUT FAN TRAVEL HABITS AND THEIR ASSOCIATED CARBON EMISSIONS. IT WAS TRULY SUCH AN IMPACTFUL TOUR FOR BOTH PEOPLE AND THE PLANET!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyd Diane Director | Trustee | 2 | $0 |
Gardner Adam Co-Director | OfficerTrustee | 40 | $139,125 |
Johnson Andrew M Secretary | OfficerTrustee | 2 | $0 |
Schair-Cardona Erica Treasurer | OfficerTrustee | 2 | $0 |
Sullivan Lauren Co-Director/president | OfficerTrustee | 40 | $139,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,861,918 |
| Noncash contributions included in lines 1a–1f | $1,013,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,066,918 |
| Total Program Service Revenue | $229,454 |
| Investment income | $63,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,826 |
| Net Income from Fundraising Events | $115,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$72,794 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,396,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $804,788 |
| Grants and other assistance to domestic individuals. | $102,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $75,614 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $297,998 |
| Compensation of current officers, directors, key employees. | $35,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $750,222 |
| Pension plan accruals and contributions | $16,441 |
| Other employee benefits | $0 |
| Payroll taxes | $83,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $976 |
| Fees for services: Accounting | $76,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,755 |
| Fees for services: Other | $126,805 |
| Advertising and promotion | $13,243 |
| Office expenses | $110,547 |
| Information technology | $19,697 |
| Royalties | $0 |
| Occupancy | $35,837 |
| Travel | $219,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,506 |
| Insurance | $17,109 |
| All other expenses | $69,825 |
| Total functional expenses | $4,421,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650,434 |
| Savings and temporary cash investments | $1,005,484 |
| Pledges and grants receivable | $741,347 |
| Accounts receivable, net | $13,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,590 |
| Prepaid expenses and deferred charges | $908 |
| Net Land, buildings, and equipment | $21,655 |
| Investments—publicly traded securities | $1,765,293 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,277,121 |
| Accounts payable and accrued expenses | $599,431 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $599,431 |
| Net assets without donor restrictions | $4,676,013 |
| Net assets with donor restrictions | $1,677 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,277,121 |
Grants Awarded
Over the last fiscal year, Reverb Inc has awarded $1,559,143 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
BACKLINE CARE INC PURPOSE: OPERATIONAL EXPENSES | $12,248 |
ALMOST HOME CHICAGO PURPOSE: OPERATIONAL EXPENSES | $5,333 |
CHARLOTTESVILLE AREA COMMUNITY FDN PURPOSE: OPERATIONAL EXPENSES | $128,798 |
AMERICA'S SECOND HARVEST OF COASTAL GA PURPOSE: OPERATIONAL EXPENSES | $5,333 |
CONSCIOUS ALLIANCE PURPOSE: OPERATIONAL EXPENSES | $12,248 |
D'ADDARIO FOUNDATION PURPOSE: OPERATIONAL EXPENSES | $45,000 |