Sound Impact
- Assets
- $66.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax Station, VA
- Founding
- 07/2015
- Data as of
- 12/2021
- 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 12/2021, Sound Impact generated $123.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $104.9k during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Cho Treasurer | 20 | $14,950 | |
Tiffany Richardson Secretary | 20 | $13,900 | |
Jerome Gordon Director | 10 | $2,050 | |
Michael Sapienza Chairman | 5 | $0 | |
Wanda Baez Director | 5 | $0 | |
Yarina Conners Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,933 |
| Total Program Service Revenue | $30,701 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46,314 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $179 |
| Other expenses | $58,408 |
| Total expenses | $104,901 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,791 |
| Other assets | $0 |
| Total assets | $66,891 |
| Total liabilities | $10,083 |
| Net assets or fund balances | $56,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sound Impact has recieved totaling $2,300.
| Awarding Organization | Amount |
|---|---|
Walter And Karla Goldschmidt Foundation Glencoe, IL PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $2,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |