Civic Intelligence

Golden Hornet Project Inc

EIN 26-2070993 • 501(c)3 • Austin, TX

Profile

Golden hornet project commissions new music, fosters young and emerging composers, and presents adventurous works in non-traditional settings.

3010 E 14th 1/2 StAustin, TX 78702

www.goldenhornet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

80th percentile

30%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

0.2%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$46,623

Down $73,530 (-61%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$46,623

Down $73,530 (-61%) from 2021

Revenue

Down

$76,753

Down $87,196 (-53%) from 2021

Expenses

Up

$150,283

Up $58,565 (+64%) from 2021

Net Income

Down

-$73,530

Down $145,761 (-202%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2018: $6,024Liabilities 2018: $0Net Assets 2018: $6,0242018Assets 2020: $60,619Liabilities 2020: $12,697Net Assets 2020: $47,9222020Assets 2021: $120,153Liabilities 2021: $0Net Assets 2021: $120,1532021Assets 2022: $46,623Liabilities 2022: $0Net Assets 2022: $46,6232022

Highlighted filing

2022

Assets$46,623
Liabilities$0
Net Assets$46,623

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2018: $109,897Expenses 2018: $99,691Net Income 2018: $10,2062018Revenue 2020: $168,244Expenses 2020: $162,562Net Income 2020: $5,6822020Revenue 2021: $163,949Expenses 2021: $91,718Net Income 2021: $72,2312021Revenue 2022: $76,753Expenses 2022: $150,283Net Income 2022: -$73,5302022

Highlighted filing

2022

Revenue$76,753
Expenses$150,283
Net Income-$73,530

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 4, 2019
Return Version
2018v3.1
Gross Receipts
$109,897
Mission and Program Overview

Mission

Reimagining classical music through collaborative creations and adventurous programming with commitments to justice and innovation.

Golden hornet project commissions new music, fosters young and emerging composers, and presents adventurous works in non-traditional settings.

Program Services

DescriptionGrantsExpenses
THE SOUND OF SCIENCE PRESENTS NEW MUSIC BY SEVEN RENOWNED COMPOSERS, INSPIRED BY SCIENTISTS, PERFORMED BY JEFFREY ZIEGLER. MORE ON SCHEDULE O.$0$44,802
STRING QUARTET SMACKDOWN IS A PARTICIPATORY PERFORMANCE. OVER 200 SUBMISSIONS FROM 25 COUNTRIES. 16 FINALIST COMPOSERS, HALF FEMALE-IDENTIFYING. MORE ON SCHEULE O.$0$7,265
YOUNG COMPOSER CONCERT SUPPORTS AGES 8 TO 18; 6 MONTHS COMPOSING A NEW WORK AND COLLECTIVELY PRODUCING A CONCERT WITH GUIDANCE FROM MENTORS. MORE ON SCHEDULE O.$0$5,212
ATX COMPOSERS SHOWCASE AND WATER MUSIC WORKSHOP AT DIVE BAR$0$1,095
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHERINE MURRAYManaging DirectorPT$14,804-$14,804
BLAKE TRUBULSIPresident-$0--
KATHRYN BLACKBIRDSecretary-$0--
BEN KEYFITZTreasurer-$0--
ANN WILSONBoard Member-$0--
AMY HOLLOWAYBoard Member-$0--
LILAH OBREGON-WILSONBoard Member-$0--
ADRIAN QUESADABoard Member-$0--
JOSH ROBINSBoard Member-$0--
MARY DARLINGTONBoard Member-$0--
TIM LEAGUEBoard Member-$0--
DAVID LOBELBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Golden Hornet Project Inc
EIN
26-2070993
Phone
5126280171
Address
3010 E 14TH 1/2 ST, AUSTIN, TX 78702

Signing Officer

Name
Katherine Murray
Title
Managing Director
Phone
5126280171
Signed
2019-06-04
Discuss with paid preparer
Yes

Preparer

Firm
Marla Koosed CPA Pllc
Address
PO BOX 152051, AUSTIN, TX 78715
Preparer
Marla Koosed CPA Pllc
Phone
5125771059
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: royalty income. Amount: 18. Description: interest income. Amount: 6. Total to form 990-ez, line 8: 24.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: performance fees. Amount: 9,750. Description: production expenses. Amount: 4,796. Description: composer fees. Amount: 25,500. Description: bank fees. Amount: 800. Description: management and administration fees. Amount: 6,000. Description: travel and meetings. Amount: 5,849. Description: dues and subscriptions. Amount: 498. Description: office expenses. Amount: 1,996. Description: insurance. Amount: 697. Description: merchandise. Amount: 574. Description: public relations. Amount: 5,000. Total to form 990-ez, line 16: 61,460.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable . Beg. Of year amount: 0. End of year amount: 2,900.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: loan payable. Beg. Of year amount: 10,000. End of year amount: 0.

990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS:

The sound of silence (continued): the world premier was presented to a sold-out audience of over 200 people at national sawdust in new york city, and then traveled on to oklahoma, mexico, and texas. It will continue to tour for the next three seasons.

990-EZ, PART III, LINE 29, PROGRAM SERVICE ACCOMPLISHMENTS:

String quartet smackdown (continued): the finalists, from eleven different countries, were selected by panelists from around the world. A quartet performs and records their works. A live audience of 200 votes to determine winner. All finalist composers receive a studio recording of their piece, and the champion receives a commission fee.

990-EZ, PART III, LINE 30, PROGRAM SERVICE ACCOMPLISHMENTS:

Young composer concert (continued): over the past four years, we have fostered the growth of 31 different youth (with many repeat participants), including five lgbtqi and eleven female-identifying composers. At least three pieces have been commissioned from the young composers following concert exposure.

Raw XML Appendix221 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0GOLDEN HORNET PROJECT COMMISSIONS NEW MUSIC, FOSTERS YOUNG AND EMERGING COMPOSERS, AND PRESENTS ADVENTUROUS WORKS IN NON-TRADITIONAL SETTINGS.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1STRING QUARTET SMACKDOWN IS A PARTICIPATORY PERFORMANCE. OVER 200 SUBMISSIONS FROM 25 COUNTRIES. 16 FINALIST COMPOSERS, HALF FEMALE-IDENTIFYING. MORE ON SCHEULE O.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2YOUNG COMPOSER CONCERT SUPPORTS AGES 8 TO 18; 6 MONTHS COMPOSING A NEW WORK AND COLLECTIVELY PRODUCING A CONCERT WITH GUIDANCE FROM MENTORS. MORE ON SCHEDULE O.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ROYALTY INCOME. AMOUNT: 18. DESCRIPTION: INTEREST INCOME. AMOUNT: 6. TOTAL TO FORM 990-EZ, LINE 8: 24.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PERFORMANCE FEES. AMOUNT: 9,750. DESCRIPTION: PRODUCTION EXPENSES. AMOUNT: 4,796. DESCRIPTION: COMPOSER FEES. AMOUNT: 25,500. DESCRIPTION: BANK FEES. AMOUNT: 800. DESCRIPTION: MANAGEMENT AND ADMINISTRATION FEES. AMOUNT: 6,000. DESCRIPTION: TRAVEL AND MEETINGS. AMOUNT: 5,849. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 498. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,996. DESCRIPTION: INSURANCE. AMOUNT: 697. DESCRIPTION: MERCHANDISE. AMOUNT: 574. DESCRIPTION: PUBLIC RELATIONS. AMOUNT: 5,000. TOTAL TO FORM 990-EZ, LINE 16: 61,460.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SOUND OF SILENCE (CONTINUED): THE WORLD PREMIER WAS PRESENTED TO A SOLD-OUT AUDIENCE OF OVER 200 PEOPLE AT NATIONAL SAWDUST IN NEW YORK CITY, AND THEN TRAVELED ON TO OKLAHOMA, MEXICO, AND TEXAS. IT WILL CONTINUE TO TOUR FOR THE NEXT THREE SEASONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STRING QUARTET SMACKDOWN (CONTINUED): THE FINALISTS, FROM ELEVEN DIFFERENT COUNTRIES, WERE SELECTED BY PANELISTS FROM AROUND THE WORLD. A QUARTET PERFORMS AND RECORDS THEIR WORKS. A LIVE AUDIENCE OF 200 VOTES TO DETERMINE WINNER. ALL FINALIST COMPOSERS RECEIVE A STUDIO RECORDING OF THEIR PIECE, AND THE CHAMPION RECEIVES A COMMISSION FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6YOUNG COMPOSER CONCERT (CONTINUED): OVER THE PAST FOUR YEARS, WE HAVE FOSTERED THE GROWTH OF 31 DIFFERENT YOUTH (WITH MANY REPEAT PARTICIPANTS), INCLUDING FIVE LGBTQI AND ELEVEN FEMALE-IDENTIFYING COMPOSERS. AT LEAST THREE PIECES HAVE BEEN COMMISSIONED FROM THE YOUNG COMPOSERS FOLLOWING CONCERT EXPOSURE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5990-EZ, PART III, LINE 29, PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6990-EZ, PART III, LINE 30, PROGRAM SERVICE ACCOMPLISHMENTS:
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARLA KOOSED CPA PLLC
ReturnHeader/ReturnTs02019-06-14T09:33:25-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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