Civic Intelligence

Black Fret DBA Sonic Guild

EIN 46-0576111 • 501(c)3 • Austin, TX

Profile

Sonic guild builds communities to support the creation and performance of extraordinary new music.

PO Box 29628Austin, TX 78755

www.sonicguild.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.03x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.01x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-17%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-7.8%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$553,119

Down $243,839 (-31%) from 2023

Liabilities

Down

$19,313

Down $19,829 (-51%) from 2023

Net Assets

Down

$533,806

Down $224,010 (-30%) from 2023

Operations
Liabilities / Revenue31st percentileNet Margin16th percentile

Revenue

Down

$1,314,308

Down $852,015 (-39%) from 2023

Expenses

Down

$1,538,318

Down $493,539 (-24%) from 2023

Net Income

Down

-$224,010

Down $358,476 (-267%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$800K$600K$400K$200K$0Assets 2014: $95,977Liabilities 2014: $1,5002014Assets 2015: $150,726Liabilities 2015: $0Net Assets 2015: $150,7262015Assets 2016: $247,571Liabilities 2016: $0Net Assets 2016: $247,5712016Assets 2017: $252,455Liabilities 2017: $0Net Assets 2017: $252,4552017Assets 2018: $291,957Liabilities 2018: $2,364Net Assets 2018: $289,5932018Assets 2019: $396,455Liabilities 2019: $0Net Assets 2019: $396,4552019Assets 2020: $429,461Liabilities 2020: $15,816Net Assets 2020: $413,6452020Assets 2021: $793,318Liabilities 2021: $31,068Net Assets 2021: $762,2502021Assets 2022: $650,764Liabilities 2022: $27,414Net Assets 2022: $623,3502022Assets 2023: $796,958Liabilities 2023: $39,142Net Assets 2023: $757,8162023Assets 2024: $553,119Liabilities 2024: $19,313Net Assets 2024: $533,8062024

Highlighted filing

2024

Assets$553,119
Liabilities$19,313
Net Assets$533,806
Open 2024 Filing

Operations Trend

Revenue Growth15th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $155,059Expenses 2014: $60,582Net Income 2014: $94,4772014Revenue 2015: $417,796Expenses 2015: $361,547Net Income 2015: $56,2492015Revenue 2016: $632,003Expenses 2016: $535,158Net Income 2016: $96,8452016Revenue 2017: $731,341Expenses 2017: $726,457Net Income 2017: $4,8842017Revenue 2018: $1,003,790Expenses 2018: $966,652Net Income 2018: $37,1382018Revenue 2019: $1,179,928Expenses 2019: $1,073,066Net Income 2019: $106,8622019Revenue 2020: $1,215,649Expenses 2020: $1,198,460Net Income 2020: $17,1892020Revenue 2021: $1,735,350Expenses 2021: $1,386,745Net Income 2021: $348,6052021Revenue 2022: $1,993,547Expenses 2022: $2,032,447Net Income 2022: -$38,9002022Revenue 2023: $2,166,323Expenses 2023: $2,031,857Net Income 2023: $134,4662023Revenue 2024: $1,314,308Expenses 2024: $1,538,318Net Income 2024: -$224,0102024

Highlighted filing

2024

Revenue$1,314,308
Expenses$1,538,318
Net Income-$224,010
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$553,119
Liabilities
$19,313
Net assets
$533,806
Revenue
$1,314,308
Expenses
$1,538,318
Net income
-$224,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.02$0.53$1.31$1.54$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.04$0.76$2.17$2.03$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.62$1.99$2.03$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$1.74$1.39$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.02$0.41$1.22$1.20$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.18$1.07$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.00$0.97$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.73$0.73$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.63$0.54$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.42$0.36$0.06
2014Summary only. Only limited summary data is available for this year.$0.10$0.00$0.16$0.06$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,314,308
Mission and Program Overview

Mission

Our mission is to support the creation and performance of music.

Sonic guild builds communities to support the creation and performance of extraordinary new music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$796,831$553,095▼ $243,736
Total Assets$796,958$553,119▼ $243,839
Other Assets Total$127$24▼ $103
Liabilities
Other Liabilities$39,142$19,313▼ $19,829
Total Liabilities$39,142$19,313▼ $19,829
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$645,575$408,806▼ $236,769
Net Assets With Donor Restrictions$112,241$125,000▲ $12,759
Total Net Assets Fund Balance$757,816$533,806▼ $224,010
Total Liabilities and Net Assets / Fund Balance$796,958$553,119▼ $243,839
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Colin KendrickBoard Chair & PresidentFT$108,000$108,000
Matthew OttBoard Vice-chair & Vice PrFT$108,000$108,000
Ben LondonExecutive DirectorFT$102,000$102,000

Board Members and Trustees

NameTitle
Tracie VerlindeBoard Member
Matt McdonnellTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,026,291
Program Service Revenue
$288,017
Investment Income
$0
Other Revenue
$0
All Other Contributions
$769,615
Change in Net Assets
$-224,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$676,040
Salaries, Compensation, and Employee Benefits$466,778
Grants and Similar Amounts Paid$395,500
Total Fundraising Expense$237,614
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$395,500--$395,500
Other Salaries and Wages$177,017$46,430$111,954$335,401
Fees for Services Accounting-$101,986-$101,986
Current Officers, Directors, Trustees, and Key Employees$33,850$27,150$29,500$90,500
Fees for Services Management$33,214$3,352$24,351$60,917
Fees for Services Other--$54,288$54,288
Payroll Taxes$22,110$6,800$11,967$40,877
Advertising$7,024$10,690$5,554$23,268
Other Expenses$18,750$40,893-$18,750
All Other Expenses-$13,850-$13,850
Insurance-$10,472-$10,472
Travel-$6,630-$6,630
Fees for Services Legal-$2,700-$2,700
Total Functional Expenses$1,029,751$270,953$237,614$1,538,318
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Payable$19,313
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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, Section B, Line 11B

“Each officer is provided with a copy of the tax return to review before filing.”

Form 990, Part VI, Section B, Line 15B

“Black fret compensates its ceo, colin kendrick, and chief marketing officer, matt ott, for the ongoing daily management of the operations of the organization. These are operational roles and discrete in their nature from those of the board seats of chair and vice-chair filled by these individuals. Compensation was determined by (1) the independent persons of matt mcdonnell (treasurer) and dennis kubacak (cfo), (2) a review of comparability data as presented in candid's "2021 nonprofit compensation report", and (3) contemporaneous substantiation by black fret's submission of form w-2 for each compensated individual. Compensation is approved by the board of directors with the directors receiving compensation being excluded from the vote.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Black Fret Dba Sonic Guild
EIN
46-0576111
Phone
5126569312
Address
PO BOX 29628, AUSTIN, TX 78755

Signing Officer

Name
Ben London
Title
Executive Director
Phone
5126569312
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben London
Formed
2012
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
20

Preparer

Firm
Erickson Demel & Associates Pllc
Address
7800 N MOPAC SUITE 105, AUSTIN, TX 78759
Preparer
Nazia Mandavia
Phone
5124828682
Raw XML Appendix379 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
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IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW OTT
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IRS990/Form990PartVIISectionAGrp/PersonNm4TRACIE VERLINDE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0108000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1108000
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR & PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE-CHAIR & VICE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
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IRS990/ProgSrvcAccomActy3Grp/Desc0ARTIST MENTOR PROGRAM: LED BY A VETERAN MUSIC INDUSTRY ARTIST/MANAGER, SONIC GUILD TAPS INTO THE EXPERTISE OF SCORES OF MUSIC INDUSTRY EXPERTS AND PROFESSIONAL SERVICE PROVIDERS TO ENABLE CAREER DEVELOPMENT FOR OUR ARTISTS.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08423301
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt08412301
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt011000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt011000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01312433
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02166322
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01993548
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01735350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01215648
IRS990ScheduleA/Total509Grp/TotalAmt08423301
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01312433
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02166322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01993548
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01735350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01215648
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08423301
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt019313
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0395500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH BASIS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0BLACK FRET DISTRIBUTES GRANT DOLLARS SUPPORTING OUR CHARITABLE MISSION TO BUILD AND SERVE A COMMUNITY CENTERED AROUND THE CREATION AND PERFORMANCE OF NEW MUSIC AND THE PROVISION OF COMMUNITY SERVICE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH OFFICER IS PROVIDED WITH A COPY OF THE TAX RETURN TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BLACK FRET COMPENSATES ITS CEO, COLIN KENDRICK, AND CHIEF MARKETING OFFICER, MATT OTT, FOR THE ONGOING DAILY MANAGEMENT OF THE OPERATIONS OF THE ORGANIZATION. THESE ARE OPERATIONAL ROLES AND DISCRETE IN THEIR NATURE FROM THOSE OF THE BOARD SEATS OF CHAIR AND VICE-CHAIR FILLED BY THESE INDIVIDUALS. COMPENSATION WAS DETERMINED BY (1) THE INDEPENDENT PERSONS OF MATT MCDONNELL (TREASURER) AND DENNIS KUBACAK (CFO), (2) A REVIEW OF COMPARABILITY DATA AS PRESENTED IN CANDID'S "2021 NONPROFIT COMPENSATION REPORT", AND (3) CONTEMPORANEOUS SUBSTANTIATION BY BLACK FRET'S SUBMISSION OF FORM W-2 FOR EACH COMPENSATED INDIVIDUAL. COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS WITH THE DIRECTORS RECEIVING COMPENSATION BEING EXCLUDED FROM THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0553119
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IRS990/TotalContributionsAmt01026291
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0270953
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01029751
IRS990/TotalFunctionalExpensesGrp/TotalAmt01538318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039142
IRS990/TotalLiabilitiesEOYAmt019313
IRS990/TotalLiabilitiesGrp/BOYAmt039142
IRS990/TotalLiabilitiesGrp/EOYAmt019313
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0757816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0533806
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01029751
IRS990/TotalProgramServiceRevenueAmt0288017
IRS990/TotalReportableCompFromOrgAmt0318000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0288017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01314308
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0553119
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt06630
IRS990/TravelGrp/TotalAmt06630
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078755
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SONICGUILD.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN LONDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05126569312
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLACK FRET DBA SONIC GUILD
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0460576111
ReturnHeader/Filer/PhoneNum05126569312
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 29628
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871577252
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERICKSON DEMEL & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07800 N MOPAC SUITE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078759
ReturnHeader/PreparerPersonGrp/PhoneNum05124828682
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NAZIA MANDAVIA
ReturnHeader/ReturnTs02025-11-17T10:32:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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