Sound Impact
- Assets
- $82.5k
- Revenue
- $240.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax Station, VA
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 46-3299087
Organization Overview
Sound Impact is located in Fairfax Station, VA. The organization was established in 2015. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Impact 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, Sound Impact generated $240.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $242.4k during the year ending 12/2023. While expenses have increased by 29.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER YOUTH THROUGH MUSIC EDUCATION PROGRAMS, MUSICAL TRAINING AND CONCERTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS, CONCERTS, AND RESIDENCIES: SOUND IMPACT REACHES OVER 12,000 YOUNG PEOPLE NATIONALLY THROUGH EDUCATION CONCERTS, RESIDENCIES, AND WORKSHOPS, TYING TO CURRICULUM CONNECTIONS. THESE PROGRAMS TAKE PLACE IN SCHOOLS, LIBRARIES, AND COMMUNITY CENTERS TO REDUCE BARRIERS FOR PARTICIPANTS AND PROVIDE ACCESS TO HIGH-CALIBER MUSIC EDUCATION.
JUVENILE DETENTION CENTER RESIDENCES: SOUND IMPACT WORKS WITH INCARCERATED YOUTH THROUGH MUSIC EDUCATION USING SELF EXPRESSION FOR YOUTH DEVELOPMENT AND EDUCATION. THIS PROGRAM REACHED APPROXIMATELY 50 INCARCERATED YOUTH QUARTERLY IN ALEXANDRIA, VA THIS PROGRAM COMBINES LIVE PERFORMANCE WITH ARTS-INTEGRATED EDUCATION DURING TRANSFORMATIVE USE YOUR VOICE RESIDENCIES AT JUVENILE DETENTION CENTERS. THE PROGRAM USES CREATIVE WRITING AND MUSIC-MAKING TO ACTIVATE PARTICIPANTS VOICES, PROVIDE OPPORTUNITY TO EXPLORE SELF- EXPRESSION, AND HEAL TRAUMA.
CULTURAL EXCHANGE PROGRAM: SELECT STUDENTS FROM LATIN AMERICA ARE GIVEN ACCESS AND THE OPPORTUNITY TO ATTEND A MUSIC FESTIVAL ON FULL SCHOLARSHIP IN THE UNITED STATES AND YEAR-ROUND MENTORSHIP FROM SOUND IMPACT MUSICIANS. IN 2023, OUR PROGRAM SUPPORTED YOUNG ARTISTS FROM PANAMA AND INCLUDED WORKING WITH COMMUNITIES WITHIN THE UNITED STATES DURING THEIR VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chase Maggiano Chairman | Officer | 5 | $0 |
Jerome Gordon Vice Chair | Officer | 7 | $2,086 |
Danielle Cho Treasurer Then Director | Officer | 30 | $27,994 |
Tiffany Richardson Secretary | Officer | 30 | $32,945 |
Michael Sapienza Director Then Treasurer | Trustee | 5 | $0 |
Wanda Baez Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,979 |
| Related organizations | $3,658 |
| Government grants | $12,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,336 |
| Noncash contributions included in lines 1a–1f | $3,658 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,266 |
| Total Program Service Revenue | $59,509 |
| Investment income | $0 |
| 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 | $240,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,008 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,215 |
| All other expenses | $0 |
| Total functional expenses | $242,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,500 |
| 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 | $725 |
| Total assets | $82,546 |
| Accounts payable and accrued expenses | $1,628 |
| Grants payable | $0 |
| Deferred revenue | $9,051 |
| 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 | $10,679 |
| Net assets without donor restrictions | $0 |
| 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 | $71,867 |
| Total liabilities and net assets/fund balances | $82,546 |