Civic Intelligence

Alarm Will Sound Inc.

990 • Fiscal year 2020 • EIN 20-1125609

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 09, 2021

51 Wooster StreetNew York, NY 10013

(773) 234-2846

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.52x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.22x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Net Margin

51st percentile

4.0%

Higher net margin than 51% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$23,446

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2020 filings • NTEE A • $500k-$1M nonprofits • Source year 2020

Asset Growth

85th percentile

82%

Faster asset growth than 85% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-21%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$250,469

Up $112,810 (+82%) from 2019

Net Assets

Up

$120,964

Up $23,433 (+24%) from 2019

Liabilities

Up

$129,505

Up $89,377 (+223%) from 2019

Revenue

Down

$581,924

Down $158,875 (-21%) from 2019

Expenses

Down

$558,491

Down $231,639 (-29%) from 2019

Net Income

Up

$23,433

Up $72,764 (+148%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0-$200KAssets 2011: $7,061Liabilities 2011: $4,440Net Assets 2011: $2,6212011Assets 2012: $19,311Liabilities 2012: $20,370Net Assets 2012: -$1,0592012Assets 2013: $86,131Liabilities 2013: $14,928Net Assets 2013: $71,2032013Assets 2014: $163,239Liabilities 2014: $11,332Net Assets 2014: $151,9072014Assets 2015: $196,634Liabilities 2015: $4,929Net Assets 2015: $191,7052015Assets 2016: $144,923Liabilities 2016: $9,938Net Assets 2016: $134,9852016Assets 2017: $146,912Liabilities 2017: $3,019Net Assets 2017: $143,8942017Assets 2018: $183,786Liabilities 2018: $36,924Net Assets 2018: $146,8622018Assets 2019: $137,659Liabilities 2019: $40,128Net Assets 2019: $97,5312019Assets 2020: $250,469Liabilities 2020: $129,505Net Assets 2020: $120,9642020Assets 2021: $636,664Liabilities 2021: $363,682Net Assets 2021: $272,9822021Assets 2022: $550,218Liabilities 2022: $301,415Net Assets 2022: $248,8032022Assets 2023: $361,394Liabilities 2023: $48,597Net Assets 2023: $312,7972023Assets 2024: $373,484Liabilities 2024: $57,209Net Assets 2024: $316,2752024Assets 2025: $334,478Liabilities 2025: $86,792Net Assets 2025: $247,6862025

Highlighted filing

2020

Assets$250,469
Liabilities$129,505
Net Assets$120,964

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $362,312Expenses 2011: $341,942Net Income 2011: $20,3702011Revenue 2012: $405,264Expenses 2012: $403,472Net Income 2012: $1,7922012Revenue 2013: $512,359Expenses 2013: $440,575Net Income 2013: $71,7842013Revenue 2014: $739,494Expenses 2014: $661,291Net Income 2014: $78,2032014Revenue 2015: $843,446Expenses 2015: $798,541Net Income 2015: $44,9052015Revenue 2016: $531,123Expenses 2016: $587,836Net Income 2016: -$56,7132016Revenue 2017: $810,713Expenses 2017: $801,804Net Income 2017: $8,9092017Revenue 2018: $704,537Expenses 2018: $701,568Net Income 2018: $2,9692018Revenue 2019: $740,799Expenses 2019: $790,130Net Income 2019: -$49,3312019Revenue 2020: $581,924Expenses 2020: $558,491Net Income 2020: $23,4332020Revenue 2021: $803,566Expenses 2021: $651,548Net Income 2021: $152,0182021Revenue 2022: $870,768Expenses 2022: $894,947Net Income 2022: -$24,1792022Revenue 2023: $942,868Expenses 2023: $918,974Net Income 2023: $23,8942023Revenue 2024: $787,084Expenses 2024: $783,606Net Income 2024: $3,4782024Revenue 2025: $958,961Expenses 2025: $1,027,550Net Income 2025: -$68,5892025

Highlighted filing

2020

Revenue$581,924
Expenses$558,491
Net Income$23,433
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 9, 2021
Return Version
2019v5.0
Gross Receipts
$582,497
Mission and Program Overview

Mission

Concert tours and recordings of contemporary classical music. Commissioning of new work by composers, writers, choreographers, directors, and designers. Education of musicians and public about contemporary classical music through workshops, seminars and residencies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,960$205,054▲ $196,094
Accounts Receivable$122,556$28,117▼ $94,439
Cash and Non-Interest-Bearing Accounts$6,143$17,298▲ $11,155
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$137,659$250,469▲ $112,810
Other Assets Total-$0-
Liabilities
Other Liabilities$3,797$103,861▲ $100,064
Accounts Payable and Accrued Expenses$36,331$13,571▼ $22,760
Unsecured Notes Loans Payable-$12,073-
Total Liabilities$40,128$129,505▲ $89,377
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$146,862$120,964▼ $25,898
Net Assets With Donor Restrictions$-49,331--
Total Net Assets Fund Balance$97,531$120,964▲ $23,433
Total Liabilities and Net Assets / Fund Balance$137,659$250,469▲ $112,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gavin ChuckExecutive DirectorFT$23,446$23,446
Alan PiersonArtistic DirectorFT$16,240$16,240

Board Members and Trustees

NameTitle
Daniel BaldiniChair Bd of Director
David LangDirector
John Pickford RichardsDirector
Kate SheeranDirector
Margaret MonastraDirector
Steve ReichDirector
Val SchaffnerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$483,515
Program Service Revenue
$96,714
Investment Income
$93
Other Revenue
$1,602
All Other Contributions
$454,845
Change in Net Assets
$23,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$440,158
Salaries, Compensation, and Employee Benefits$118,333
Total Fundraising Expense$10,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$260,996$1,389$10,413$272,798
Current Officers, Directors, Trustees, and Key Employees$41,465$53,590-$95,055
Travel$86,824--$86,824
Payroll Taxes-$21,778-$21,778
Advertising$16,707--$16,707
Occupancy$14,252$1,568-$15,820
Royalties$12,565--$12,565
Fees for Services Accounting-$6,000-$6,000
Conferences and Meetings$2,424-$552$2,976
Other Expenses$950$2,212-$2,212
Office Expenses-$1,877-$1,877
Pension Plan Contributions-$1,500-$1,500
Insurance-$1,317-$1,317
Total Functional Expenses$450,091$97,435$10,965$558,491
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Future Year Grants$100,000
Credit Card Payable$3,861
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Alarm will sound presents the completed 990 to its board of directors at its annual meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Alarm will sound regularly reports its activities to its board of directors to ensure that the conflict of interest policy is adhered to.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Alarm will sound makes all its governing documents, conflict of interest policy, and financial statements available.

Filing and Contact Details

Filer

Filer Name
Alarm Will Sound Inc
EIN
20-1125609
Phone
7732342846
Address
51 WOOSTER STREET, NEW YORK, NY 10013

Signing Officer

Name
Gavin Chuck
Title
Executive Director
Phone
7732342846
Signed
2021-06-09
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
9
Independent Board Members
7
Employees
2

Preparer

Firm
Incorvaia & Associates
Address
380 N Broadway Suite 408, Jericho, NY 11753
Preparer
Anthony C Incorvaia
Phone
5169427600
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IRS990/OtherExpensesGrp/TotalAmt013908
IRS990/OtherExpensesGrp/TotalAmt14006
IRS990/OtherExpensesGrp/TotalAmt23148
IRS990/OtherExpensesGrp/TotalAmt32212
IRS990/OtherLiabilitiesGrp/BOYAmt03797
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IRS990/OtherRevenueMiscGrp/Desc0EQUIPMENT RENTAL
IRS990/OtherRevenueMiscGrp/Desc1other income
IRS990/OtherRevenueMiscGrp/ExclusionAmt01475
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1150
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IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021778
IRS990/PayrollTaxesGrp/TotalAmt021778
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01500
IRS990/PensionPlanContributionsGrp/TotalAmt01500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/Desc0RECORDING ROYALTIES
IRS990/ProgramServiceRevenueGrp/Desc1TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc2VENUE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011853
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt281798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011853
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt281798
IRS990/ProgSrvcAccomActy2Grp/Desc0Commissioned new artistic works from composers, arrangers, choreographers, directors, and designers.
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0367196
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt071
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0678550
IRS990/PYOtherRevenueAmt02496
IRS990/PYProgramServiceRevenueAmt0371036
IRS990/PYRevenuesLessExpensesAmt0-49330
IRS990/PYSalariesCompEmpBnftPaidAmt0111579
IRS990/PYTotalExpensesAmt0790129
IRS990/PYTotalRevenueAmt0740799
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt023433
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt096714
IRS990/RoyaltiesGrp/ProgramServicesAmt012565
IRS990/RoyaltiesGrp/TotalAmt012565
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08960
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0205054
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0483515
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0367196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0370040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0431432
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0349798
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02001981
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0355
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0986633
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34570
IRS990ScheduleA/PublicSupportPY170Pct00.33300
IRS990ScheduleA/PublicSupportTotal170Amt0692122
IRS990ScheduleA/SubstantialContributorsTotAmt01309859
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0483515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0367196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0370040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0431432
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0349798
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02001981
IRS990ScheduleA/TotalSupportAmt02002336
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt0103861
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALARM WILL SOUND PRESENTS THE COMPLETED 990 TO ITS BOARD OF DIRECTORS AT ITS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALARM WILL SOUND REGULARLY REPORTS ITS ACTIVITIES TO ITS BOARD OF DIRECTORS TO ENSURE THAT THE CONFLICT OF INTEREST POLICY IS ADHERED TO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALARM WILL SOUND MAKES ALL ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0137659
IRS990/TotalAssetsEOYAmt0250469
IRS990/TotalAssetsGrp/BOYAmt0137659
IRS990/TotalAssetsGrp/EOYAmt0250469
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0483515
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010965
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt097435
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450091
IRS990/TotalFunctionalExpensesGrp/TotalAmt0558491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040128
IRS990/TotalLiabilitiesEOYAmt0129505
IRS990/TotalLiabilitiesGrp/BOYAmt040128
IRS990/TotalLiabilitiesGrp/EOYAmt0129505
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097531

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.33$0.09$0.25$0.96$1.03$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.37$0.06$0.32$0.79$0.78$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.36$0.05$0.31$0.94$0.92$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.30$0.25$0.87$0.89$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.36$0.27$0.80$0.65$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.13$0.12$0.58$0.56$0.02
2019Summary only. Only limited summary data is available for this year.$0.14$0.04$0.10$0.74$0.79$0.05
2018Summary only. Only limited summary data is available for this year.$0.18$0.04$0.15$0.70$0.70$0.00
2017Summary only. Only limited summary data is available for this year.$0.15$0.00$0.14$0.81$0.80$0.01
2016Summary only. Only limited summary data is available for this year.$0.14$0.01$0.13$0.53$0.59$0.06
2015Summary only. Only limited summary data is available for this year.$0.20$0.00$0.19$0.84$0.80$0.04
2014Summary only. Only limited summary data is available for this year.$0.16$0.01$0.15$0.74$0.66$0.08
2013Summary only. Only limited summary data is available for this year.$0.09$0.01$0.07$0.51$0.44$0.07
2012Summary only. Only limited summary data is available for this year.$0.02$0.02$0.00$0.41$0.40$0.00
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.36$0.34$0.02