Acoustic Sound Inc
- Assets
- $470.6k
- Revenue
- $639.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Milton, WA
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 91-2103544
Organization Overview
Acoustic Sound Inc, operating under the name Wintergrass, is located in Milton, WA. The organization was established in 2001. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Wintergrass employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wintergrass 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 06/2023, Wintergrass generated $639.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $677.4k during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 8 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
ACOUSTIC SOUND IS COMMITTED TO PRESERVING AND PROMOTING TRADITIONAL ACOUSTIC AMERICAN MUSIC THROUGH PRESENTATION AND EDUCATION, WITH SPECIAL ATTENTION GIVEN TO THE BLUEGRASS MUSIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACOUSTIC SOUND PRESENTS AN ANNUAL FOUR-DAY MUSIC FESTIVAL FEATURING AWARD-WINNING INTERNATIONAL, NATIONAL AND REGIONAL ARTISTS ON FOUR STAGES. THE FESTIVAL IS BUILT AROUND A CENTRAL THEME ALLOWING FOR A DIFFERENT IN-DEPTH FOCUS EACH YEAR. ARTISTS ARE THOUGHTFULLY SELECTED TO REPRESENT BOTH THIS FOCUS AND A RAINBOW OF INFLUENCES AND CULTURES COMPRISING THE VAST ARRAY OF TRADITIONAL ACOUSTIC MUSIC. CONCERTS, DANCES AND NON-STOPPING JAMMING BY PARTICIPANTS ARE HALLMARKS OF THE FESTIVAL. IN ADDITION RIGOROUS MUSIC EDUCATION PROGRAMS ARE OFFERED TO CHILDREN AND YOUNG AS FOUR THROUGH COLLEGE AGED, AND ALL ADULTS. ALL YOUTH EDUCATION PROGRAMS ARE PAY-WHAT-YOU-CAN. EVERY YEAR, WORLD-CLASS LUTHIERS DISPLAY AND DEMONSTRATE THEIR SINGULAR CONTRIBUTIONS TO MUSIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrice O'neill Executive Director | 40 | $36,400 | |
Dale Adkins Board Member | Trustee | 1 | $0 |
Romy Brock Board Member | Trustee | 1 | $0 |
Roland Macnichol Board Member | Trustee | 1 | $0 |
Ricky Gene Powell Board Member | Trustee | 1 | $0 |
Bill Clements Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,562 |
| Total Program Service Revenue | $417,767 |
| 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 | $639,329 |
| 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 | $87,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,734 |
| Advertising and promotion | $30,438 |
| Office expenses | $28,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $169,208 |
| Total functional expenses | $677,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,418 |
| Savings and temporary cash investments | $346,136 |
| 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 | $470,554 |
| Accounts payable and accrued expenses | $5,986 |
| 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 | $3,419 |
| Total liabilities | $9,405 |
| Net assets without donor restrictions | $461,149 |
| 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 | $470,554 |