Sounds Academy
- Assets
- $396.3k
- Revenue
- $775.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 09/2014
- Data as of
- 07/2022
- EIN
- 46-3932746
Organization Overview
Sounds Academy is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Sounds Academy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sounds Academy 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 07/2022, Sounds Academy generated $775.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $534.9k during the year ending 07/2022. While expenses have increased by 36.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH, MENTOR, AND PROVIDE MUSICAL EXPERIENCES AND OPPORTUNITIES FOR UNDERSERVED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUNDS ACADEMY IS A NON-PROFIT MUSIC EDUCATION ORGANIZATION THAT TEACHES, MENTORS, AND PROVIDES MUSICAL EXPERIENCES AND OPPORTUNITIES FOR UNDERSERVED YOUTH. STUDENTS RECEIVE INDIVIDUAL LESSONS AND GROUP CLASSES ON ALL INSTRUMENTS AND VOICE. INSTRUMENTS ARE PROVIDED TO THOSE WHO CANNOT AFFORD ONE. SOUNDS ACADEMY STUDENTS LEARN THE CHARACTER VALUES OF CREATIVITY, LEADERSHIP, PERSEVERANCE, RESILIENCE, AND TEAMWORK THROUGH MUSIC EDUCATION. WE TEACH THESE VALUES IN OUR MUSICAL ACCESS PROGRAM, WHICH CONNECTS STUDENTS TO LIVE MUSIC AND INSTRUMENTS THROUGH OUR INSTRUMENT PETTING ZOOS, OUR SCHOOL PROGRAMS FOR LOWER INCOME SCHOOLS AND COMMUNITY CENTERS, OUR SOLO PROGRAM, WHICH PROVIDES ONE-ON-ONE INSTRUCTION, AND THE COLLECTIVE ENSEMBLES THAT TEACH MUSIC THEORY AND ENSEMBLE PLAYING TECHNIQUES.
SINCE SEPTEMBER OF 2014, WE HAVE GIVEN OVER 62,000 LESSONS AND CLASSES. OVER 21,000 STUDENTS HAVE BEEN EXPOSED TO LIVE MUSIC AND INSTRUMENTS THROUGH OUR MUSICAL ACCESS PROGRAM. WE HAVE GIVEN OVER 300,000 IN SCHOLARSHIPS FOR STUDENTS TO PARTICIPATE IN MUSIC EDUCATION PROGRAMS, CAMPS, AND COLLEGE. WE HAVE ADDED A MOTOWN ENSEMBLE AND JAZZ BAND SO THAT STUDENTS CAN LEARN AND EXPLORE EVEN MORE MUSICAL GENRES. LASTLY, WE ALSO HOST THE ONLY OVERNIGHT MUSIC CAMP IN ARIZONA. TODAY WE HAVE OVER 500 STUDENTS IN OUR SOLO AND SCHOOL PROGRAMS THAT RECEIVE INSTRUMENTS AND WEEKLY INSTRUCTION.
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 |
|---|---|---|---|
Kirk Johnson Founder/ceo | OfficerTrustee | 60 | $66,560 |
Ian Fischer Chair | OfficerTrustee | 5 | $0 |
Camille Ridley Vice Chair | OfficerTrustee | 2 | $0 |
Michael Peterson Secretary | OfficerTrustee | 2 | $0 |
Ronald Stoffle Treasurer | OfficerTrustee | 2 | $0 |
Virginia Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,989 |
| Membership dues | $0 |
| Fundraising events | $640 |
| Related organizations | $0 |
| Government grants | $110,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,030 |
| Noncash contributions included in lines 1a–1f | $640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,659 |
| Total Program Service Revenue | $210,541 |
| Investment income | $908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,609 |
| Compensation of current officers, directors, key employees. | $10,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $430 |
| Payroll taxes | $13,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,695 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,550 |
| Advertising and promotion | $236 |
| Office expenses | $31,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,815 |
| Travel | $10,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157 |
| Insurance | $3,379 |
| All other expenses | $0 |
| Total functional expenses | $534,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,892 |
| Savings and temporary cash investments | $80,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,777 |
| 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 | $3,045 |
| Net Land, buildings, and equipment | $418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,000 |
| Total assets | $396,269 |
| Accounts payable and accrued expenses | $3,614 |
| 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 | $3,868 |
| Total liabilities | $7,482 |
| Net assets without donor restrictions | $388,787 |
| 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 | $396,269 |