Civic Intelligence

Beats of Laughter DBA Sound Affects Life

990EZ • Fiscal year 2020 • EIN 45-4642925

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

302 Old Branchville RoadRidgefield, CT 06877

(202) 251-2672

Siviq Scores

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

Liabilities / Assets

97th percentile

2.06x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

1.57x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

39th percentile

-0.8%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

79th percentile

46%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$43,859

Up $13,842 (+46%) from 2019

Net Assets

Down

-$46,379

Down $451 (-1.0%) from 2019

Liabilities

Up

$90,238

Up $14,293 (+19%) from 2019

Revenue

Up

$57,649

Up $14,268 (+33%) from 2019

Expenses

Up

$58,100

Up $29,644 (+104%) from 2019

Net Income

Down

-$451

Down $15,376 (-103%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2014: $5,420Liabilities 2014: $31,662Net Assets 2014: -$26,2422014Assets 2015: $17,593Liabilities 2015: $94,916Net Assets 2015: -$77,3232015Assets 2016: $23,260Liabilities 2016: $91,416Net Assets 2016: -$68,1562016Assets 2017: $20,872Liabilities 2017: $88,897Net Assets 2017: -$68,0252017Assets 2018: $22,932Liabilities 2018: $83,838Net Assets 2018: -$60,9062018Assets 2019: $30,017Liabilities 2019: $75,945Net Assets 2019: -$45,9282019Assets 2020: $43,859Liabilities 2020: $90,238Net Assets 2020: -$46,3792020Assets 2021: $92,979Liabilities 2021: $90,238Net Assets 2021: $2,7412021Assets 2022: $99,131Liabilities 2022: $70,239Net Assets 2022: $28,8922022Assets 2023: $17,871Liabilities 2023: $126,114Net Assets 2023: -$108,2432023Assets 2024: $54,739Liabilities 2024: $143,116Net Assets 2024: -$88,3772024

Highlighted filing

2020

Assets$43,859
Liabilities$90,238
Net Assets-$46,379

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $7,438Expenses 2014: $12,791Net Income 2014: -$5,3532014Revenue 2015: -$2,727Expenses 2015: $48,272Net Income 2015: -$50,9992015Revenue 2016: $71,304Expenses 2016: $62,263Net Income 2016: $9,0412016Revenue 2017: $39,987Expenses 2017: $39,856Net Income 2017: $1312017Revenue 2018: $46,476Expenses 2018: $39,357Net Income 2018: $7,1192018Revenue 2019: $43,381Expenses 2019: $28,456Net Income 2019: $14,9252019Revenue 2020: $57,649Expenses 2020: $58,100Net Income 2020: -$4512020Revenue 2021: $172,852Expenses 2021: $123,732Net Income 2021: $49,1202021Revenue 2022: $211,096Expenses 2022: $184,944Net Income 2022: $26,1522022Revenue 2023: $212,413Expenses 2023: $349,476Net Income 2023: -$137,0632023Revenue 2024: $242,454Expenses 2024: $220,324Net Income 2024: $22,1302024

Highlighted filing

2020

Revenue$57,649
Expenses$58,100
Net Income-$451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$57,649
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

DescriptionGrantsExpenses
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$43,575
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH MUSATreasurerPT$0--
CLAIRE SCHULTZSecretaryPT$0--
MONA JHAVERIBoard CharPT$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
2021-11-15

Preparer

Firm
Salti & Associates LLC
Address
1310 L STREET NW, WASHINGTON, DC 20005
Preparer
Salti Associates LLC
Phone
2027283312
Supplemental Narrative

Additional Explanations

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

Description: travel. Amount: 596. Description: website cost. Amount: 2,346. Description: advertising and promotion. Amount: 7,794. Description: bank fees. Amount: 892. Description: grants for research. Amount: 1,368. Total to form 990-ez, line 16: 12,996.

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

Description: website cost. Beg. Of year amount: 23,504. End of year amount: 23,504.

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

Description: accounts payable. Beg. Of year amount: 1,848. End of year amount: 1,141. Description: loan from officer. Beg. Of year amount: 74,097. End of year amount: 89,097.

Raw XML Appendix166 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/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0SOUND 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/PrintingPublicationsPostageAmt01610
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: TRAVEL. AMOUNT: 596. DESCRIPTION: WEBSITE COST. AMOUNT: 2,346. DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 7,794. DESCRIPTION: BANK FEES. AMOUNT: 892. DESCRIPTION: GRANTS FOR RESEARCH. AMOUNT: 1,368. TOTAL TO FORM 990-EZ, LINE 16: 12,996.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: WEBSITE COST. BEG. OF YEAR AMOUNT: 23,504. END OF YEAR AMOUNT: 23,504.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,848. END OF YEAR AMOUNT: 1,141. DESCRIPTION: LOAN FROM OFFICER. BEG. OF YEAR AMOUNT: 74,097. END OF YEAR AMOUNT: 89,097.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MONA JHAVERI
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUND AFFECTS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA MUSIC BEATS CANCER
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ReturnHeader/Filer/EIN0454642925
ReturnHeader/Filer/PhoneNum02022512672
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SALTI ASSOCIATES LLC
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