Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Beats of Laughter DBA Sound Affects Life
990EZ • Fiscal year 2018 • EIN 45-4642925
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
3.66x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
71st percentile
Higher net margin than 71% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Balance Sheet
Assets
Up$22,932
Up $2,060 (+9.9%) from 2017
Net Assets
Up-$60,906
Up $7,119 (+10%) from 2017
Liabilities
Down$83,838
Down $5,059 (-5.7%) from 2017
Revenue And Expenses
Revenue
Up$46,476
Up $6,489 (+16%) from 2017
Expenses
Down$39,357
Down $499 (-1.3%) from 2017
Net Income
Up$7,119
Up $6,988 (+5334%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Sep 2, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $46,476
Mission and Program Overview
Mission
Sound affects is a nonprofit organization dedicated to changing how the war on cancer is fought and financed. We support a crowdfunding platform to connect individuals seeking dramatically improved outcomes with bio-entrepreneurs actively working towards cures. We strategically partner with celebrity and amateur musical artists to promote our approach to revolutionizing the war on cancer. Music is our metaphorical torch.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SOUND AFFECTS OFFERS A MODEL FOR REDEFINING OUR SOCIAL CONTRACT FOR THE WAR ON CANCER. CENTRAL TO THIS, WE BELIEVE THE PUBLIC CAN AND MUST PLAY A GREATER ROLE IN SHAPING A MORE INNOVATIVE APPROACH TO FIGHTING CANCER. OUR MISSION IS TO INCREASE PROMISING TREATMENTS IN THE PIPELINE BY EMPOWERING INDIVIDUALS TO DIRECTLY SUPPORT BIO-ENTREPRENEURS, TRANSLATING RESEARCH INTO GROUNDBREAKING CANCER SOLUTIONS. | $0 | $29,518 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSEPH MUSA | Treasurer | PT | $0 | - | - |
| CLAIRE SCHULTZ | Secretary | PT | $0 | - | - |
| MONA JHAVERI | Board Char | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Sound Affects
- EIN
- 45-4642925
- Phone
- 2022512672
- Address
- 302 OLD BRANCHVILLE ROAD, RIDGEFIELD, CT 06877
Signing Officer
- Name
- Mona Jhaveri
- Title
- Executive Director
- Phone
- 2022512672
- Signed
- 2019-09-02
Preparer
- Firm
- Salti & Associates LLC
- Address
- 1310 L STREET NW STE 870, WASHINGTON, DC 20005
- Preparer
- Nadim E Salti CPA
- Phone
- 2027283312
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: travel. Amount: 3,202. Description: website cost. Amount: 2,779. Description: advertising and promotion. Amount: 50. Description: bank fees. Amount: 682. Description: business expenses. Amount: 1,974. Description: charitable contribution. Amount: 125. Total to form 990-ez, line 16: 8,812.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 500. End of year amount: 0. Description: website cost. Beg. Of year amount: 19,000. End of year amount: 22,004.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 8,198. End of year amount: 7,740. Description: loan from officer. Beg. Of year amount: 80,699. End of year amount: 76,098.”
Raw XML Appendix157 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ALEJANDRA ONA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2404017489 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 18815 CLOVER HILL IN |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | OLNEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MD |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20832 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 1372 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 928 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 46476 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 7119 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 27657 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 20872 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 22932 |
| IRS990EZ/GrossReceiptsAmt | 0 | 46476 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 76098 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 1 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -68025 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -60906 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -68025 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -60906 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSEPH MUSA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CLAIRE SCHULTZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MONA JHAVERI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD CHAR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 19500 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 22004 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 8812 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SOUND AFFECTS IS A NONPROFIT ORGANIZATION DEDICATED TO CHANGING HOW THE WAR ON CANCER IS FOUGHT AND FINANCED. WE SUPPORT A CROWDFUNDING PLATFORM TO CONNECT INDIVIDUALS SEEKING DRAMATICALLY IMPROVED OUTCOMES WITH BIO-ENTREPRENEURS ACTIVELY WORKING TOWARDS CURES. WE STRATEGICALLY PARTNER WITH CELEBRITY AND AMATEUR MUSICAL ARTISTS TO PROMOTE OUR APPROACH TO REVOLUTIONIZING THE WAR ON CANCER. MUSIC IS OUR METAPHORICAL TORCH. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2888 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SOUND AFFECTS OFFERS A MODEL FOR REDEFINING OUR SOCIAL CONTRACT FOR THE WAR ON CANCER. CENTRAL TO THIS, WE BELIEVE THE PUBLIC CAN AND MUST PLAY A GREATER ROLE IN SHAPING A MORE INNOVATIVE APPROACH TO FIGHTING CANCER. OUR MISSION IS TO INCREASE PROMISING TREATMENTS IN THE PIPELINE BY EMPOWERING INDIVIDUALS TO DIRECTLY SUPPORT BIO-ENTREPRENEURS, TRANSLATING RESEARCH INTO GROUNDBREAKING CANCER SOLUTIONS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 29518 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 88897 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 83838 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 39357 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 29518 |
| IRS990EZ/TotalRevenueAmt | 0 | 46476 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SOUNDAFFECTS.ORG |
| IRS990ScheduleA/CommunityTrustInd | 0 | X |
| IRS990ScheduleA/FactsAndCircumstancesTestTxt | 0 | THE FOUNDATION IS ATTEMPTING TO BROADEN ITS DONATION BASE THROUGH DIFFERENT MEDIA PLATFORM AND TO REACH TO A BROADER PUBLIC SUPPORT. |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 46976 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45907 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 71304 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4375 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 11690 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 180252 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 15310 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.26820 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 48341 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 131911 |
| IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 46976 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 45907 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 71304 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4375 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 11690 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 180252 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 180252 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 76098 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | WORKING CAPITAL |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 21115 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | MONA S JHAVERI PHD |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | 0 |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 76098 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: TRAVEL. AMOUNT: 3,202. DESCRIPTION: WEBSITE COST. AMOUNT: 2,779. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 50. DESCRIPTION: BANK FEES. AMOUNT: 682. DESCRIPTION: BUSINESS EXPENSES. AMOUNT: 1,974. DESCRIPTION: CHARITABLE CONTRIBUTION. AMOUNT: 125. TOTAL TO FORM 990-EZ, LINE 16: 8,812. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 500. END OF YEAR AMOUNT: 0. DESCRIPTION: WEBSITE COST. BEG. OF YEAR AMOUNT: 19,000. END OF YEAR AMOUNT: 22,004. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 8,198. END OF YEAR AMOUNT: 7,740. DESCRIPTION: LOAN FROM OFFICER. BEG. OF YEAR AMOUNT: 80,699. END OF YEAR AMOUNT: 76,098. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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. |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MONA JHAVERI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2022512672 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-09-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOUND AFFECTS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUN |
| ReturnHeader/Filer/EIN | 0 | 454642925 |
| ReturnHeader/Filer/PhoneNum | 0 | 2022512672 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 302 OLD BRANCHVILLE ROAD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | RIDGEFIELD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CT |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 06877 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 7E530C01EC0DBF1FFF79A5BAD1379F9D370DED1E |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | BB12664BE1E3D4BC08488640412F20C0F7A39D48 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.57.151.226 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-09-02 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 18:51:38 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 203551532 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SALTI & ASSOCIATES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1310 L STREET NW STE 870 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WASHINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | DC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 20005 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2027283312 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-09-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NADIM E SALTI CPA |
| ReturnHeader/ReturnTs | 0 | 2019-09-02T18:51:57-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $22,932
- Liabilities
- $83,838
- Net assets
- -$60,906
- Revenue
- $46,476
- Expenses
- $39,357
- Net income
- $7,119