Civic Intelligence

Soundscapes Inc.

990 • Fiscal year 2015 • EIN 27-1923247

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 26, 2015

26 Towne Center Way 156Hampton, VA 23666

(757) 273-6178

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$58,653

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

62nd percentile

9.6%

Faster asset growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

-0.8%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$107,121

Up $9,409 (+9.6%) from 2014

Net Assets

Up

$89,697

Up $6,496 (+7.8%) from 2014

Liabilities

Up

$17,424

Up $2,913 (+20%) from 2014

Revenue

Down

$398,803

Down $3,232 (-0.8%) from 2014

Expenses

Up

$392,307

Up $56,925 (+17%) from 2014

Net Income

Down

$6,496

Down $60,157 (-90%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $97,712Liabilities 2014: $14,511Net Assets 2014: $83,2012014Assets 2015: $107,121Liabilities 2015: $17,424Net Assets 2015: $89,6972015Assets 2016: $111,572Liabilities 2016: $4,951Net Assets 2016: $106,6212016Assets 2017: $128,910Liabilities 2017: $2,881Net Assets 2017: $126,0292017Assets 2018: $157,483Liabilities 2018: $3,563Net Assets 2018: $153,9202018Assets 2019: $203,757Liabilities 2019: $26,951Net Assets 2019: $176,8062019Assets 2020: $398,794Liabilities 2020: $110,609Net Assets 2020: $288,1852020Assets 2021: $591,109Liabilities 2021: $183,002Net Assets 2021: $408,1072021Assets 2022: $512,344Liabilities 2022: $57,199Net Assets 2022: $455,1452022Assets 2023: $465,849Liabilities 2023: $72,986Net Assets 2023: $392,8632023Assets 2024: $594,410Liabilities 2024: $100,813Net Assets 2024: $493,5972024Assets 2025: $691,477Liabilities 2025: $122,472Net Assets 2025: $569,0052025

Highlighted filing

2015

Assets$107,121
Liabilities$17,424
Net Assets$89,697

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $402,035Expenses 2014: $335,382Net Income 2014: $66,6532014Revenue 2015: $398,803Expenses 2015: $392,307Net Income 2015: $6,4962015Revenue 2016: $458,304Expenses 2016: $441,380Net Income 2016: $16,9242016Revenue 2017: $509,076Expenses 2017: $489,668Net Income 2017: $19,4082017Revenue 2018: $542,735Expenses 2018: $514,844Net Income 2018: $27,8912018Revenue 2019: $580,564Expenses 2019: $557,678Net Income 2019: $22,8862019Revenue 2020: $771,897Expenses 2020: $660,518Net Income 2020: $111,3792020Revenue 2021: $759,103Expenses 2021: $639,181Net Income 2021: $119,9222021Revenue 2022: $885,391Expenses 2022: $838,353Net Income 2022: $47,0382022Revenue 2023: $893,490Expenses 2023: $955,772Net Income 2023: -$62,2822023Revenue 2024: $1,478,807Expenses 2024: $1,378,073Net Income 2024: $100,7342024Revenue 2025: $1,400,958Expenses 2025: $1,325,550Net Income 2025: $75,4082025

Highlighted filing

2015

Revenue$398,803
Expenses$392,307
Net Income$6,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$399,417
Mission and Program Overview

Mission

Soundscapes is a nonprofit, educational intervention organization that instills transformative life skills in under-resourced children in our community, using intensive music study and frequent ensemble performances.

To provide early childhood music education to underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,246$44,244▲ $6,998
Cash and Non-Interest-Bearing Accounts$59,202$32,843▼ $26,359
Accounts Receivable$1,264$30,034▲ $28,770
Total Assets$97,712$107,121▲ $9,409
Liabilities
Accounts Payable and Accrued Expenses$14,511$17,424▲ $2,913
Total Liabilities$14,511$17,424▲ $2,913
Net Assets / Fund Balance
Unrestricted Net Assets$82,201$59,697▼ $22,504
Temporarily Rstr Net Assets$1,000$30,000▲ $29,000
Total Net Assets Fund Balance$83,201$89,697▲ $6,496
Total Liabilities and Net Assets / Fund Balance$97,712$107,121▲ $9,409

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$38,677$8,985$47,662
Equipment$5,567$2,962$8,529
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Reynaldo RamirezDirectorFT$58,653$58,653
Anne HenryExecutive DirectorFT$44,333$44,333

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$397,870
Program Service Revenue
$950
Investment Income
$-612
Other Revenue
$595
All Other Contributions
$350,142
Change in Net Assets
$6,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$272,405
Other Expenses$119,902
Total Fundraising Expense$33,453
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$93,795$37,903$17,000$148,698
Current Officers, Directors, Trustees, and Key Employees$102,986$0$0$102,986
Fees for Services Management$20,511$0$7,900$28,411
Payroll Taxes$16,120$3,117$1,484$20,721
Office Expenses$6,208$11,520$0$17,728
Fees for Services Accounting$0$8,363$0$8,363
Other Expenses$0$0$7,059$7,059
Depreciation Depletion$0$5,890$0$5,890
Insurance$0$5,356$0$5,356
Advertising$1,836$3,390$0$5,226
Occupancy$100$4,484$10$4,594
Travel$1,061$2,516$0$3,577
Total Functional Expenses$264,542$94,312$33,453$392,307
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Soundscapes Inc
EIN
27-1923247
Phone
7572736178
Address
26 Towne Center Way 156, Hampton, VA 23666

Signing Officer

Name
Robert R Hatten
Title
Chairman
Phone
7572736178
Signed
2015-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert R Hatten
Formed
2013
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
10
Volunteers
20

Preparer

Firm
Black Marlin CPA
Address
200-1 Nat Turner Blvd, Newport News, VA 23606
Preparer
Ann Black
Phone
7575969300
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Board of Directors reviews and approves Form 990

Pt VI, Line 15A

Compensation is reviewed for comparable poitions in the area

Pt VI, Line 15B

Compensation is reviewed for comparable positions in the area

Pt VI, Line 12C

Board requires annual disclosures from officers, directors and key empolyees

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IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Program 2014: 950. Description: Other 2014: 595. Description: Loss on sale 2014: -614.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0397870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0401408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0303576
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01102854
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0627
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt085
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0714
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0627
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0714
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0931
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0931
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt01102854
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0397870
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0401408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0303576
IRS990ScheduleA/Total509Grp/TotalAmt01102854
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01104499
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05567
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02962
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08529
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038677
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08985
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047662
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044244
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board of Directors reviews and approves Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation is reviewed for comparable poitions in the area
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is reviewed for comparable positions in the area
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board requires annual disclosures from officers, directors and key empolyees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt030000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt097712
IRS990/TotalAssetsEOYAmt0107121
IRS990/TotalAssetsGrp/BOYAmt097712
IRS990/TotalAssetsGrp/EOYAmt0107121
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0397870
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033453
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt094312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0264542
IRS990/TotalFunctionalExpensesGrp/TotalAmt0392307
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014511
IRS990/TotalLiabilitiesEOYAmt017424
IRS990/TotalLiabilitiesGrp/BOYAmt014511
IRS990/TotalLiabilitiesGrp/EOYAmt017424
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083201
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089697
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0950
IRS990/TotalProgramServiceExpensesAmt0264542
IRS990/TotalProgramServiceRevenueAmt0950
IRS990/TotalReportableCompFromOrgAmt0102986
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0931
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0398803
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt097712
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0107121
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02516
IRS990/TravelGrp/ProgramServicesAmt01061
IRS990/TravelGrp/TotalAmt03577
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt082201
IRS990/UnrestrictedNetAssetsGrp/EOYAmt059697
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012350 Jefferson Ave Ste 300
IRS990/USAddress/CityNm0Newport News
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023602
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0www.soundscapeshr.org

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