S Cool Sounds Inc
- Assets
- $137.3k
- Revenue
- $447.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Brooklyn, NY
- Founding
- 03/2017
- Data as of
- 06/2024
- EIN
- 35-2575478
Organization Overview
S Cool Sounds Inc is located in Brooklyn, NY. The organization was established in 2017. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, S Cool Sounds Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. S Cool Sounds 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 06/2024, S Cool Sounds Inc generated $447.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $461.9k during the year ending 06/2024. While expenses have increased by 27.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO USE THE POWER OF MUSIC TO INSPIRE, EDUCATE AND CONNECT CHILDREN AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NYC K-12 MUSIC TRAINING SEQUENTIAL MUSIC TRAINING PROVIDED TO 6,004 STUDENTS IN NYC PUBLIC SCHOOL CLASSROOMS AND AFTER SCHOOL PROGRAMS.PARTNERS TO PROVIDE INTERNATIONAL K-12 MUSIC TRAINING. SEQUENTIAL MUSIC TRAINING PROVIDED TO 200 STUDENTS IN NAIROBI KENYA. ONGOING PROFESSIONAL DEVELOPMENT AND TRAINING FOR ONSITE TEACHERS.ONLINE LEARNING RESOURCES SITE PROVIDES FREE VIDEO-BASED MUSIC LESSONS, DOWNLOADABLE LESSON PLANS, AND ACTIVITIES FOR CLASSROOM TEACHERS TO USE TO DEEPEN AND EXTEND IN-PERSON MUSIC RESIDENCIES AND CREATE RICH INTER-CURRICULAR CONNECTIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Brooks Executive Dir. | Officer | 20 | $70,702 |
Nina Stern Founder And Dir | Trustee | 16 | $43,000 |
Dave Adewumi Board Of Dir. | Trustee | 16 | $15,325 |
Caroline Giassi Board Of Dir. | Trustee | 1 | $0 |
Sara Stuart President | OfficerTrustee | 3 | $0 |
Peter Faber Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,060 |
| Total Program Service Revenue | $197,700 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $113,701 |
| Compensation of current officers, directors, key employees. | $14,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,978 |
| Payroll taxes | $29,865 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,351 |
| Advertising and promotion | $0 |
| Office expenses | $107 |
| Information technology | $2,471 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,283 |
| 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 | $0 |
| Insurance | $7,653 |
| All other expenses | $1,821 |
| Total functional expenses | $461,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,245 |
| Savings and temporary cash investments | $70,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,295 |
| Accounts payable and accrued expenses | $1,810 |
| 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 | $1,810 |
| Net assets without donor restrictions | $135,485 |
| Net assets with donor restrictions | $0 |
| 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 | $137,295 |