Civic Intelligence

Black Fret Sonic Guild

990 • Fiscal year 2023 • EIN 46-0576111

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileWWW.SONICGUILD.ORG
PO Box 29628Austin, TX 78755

(512) 656-9312

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

31st percentile

0.02x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

54th percentile

6.2%

Higher net margin than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$102,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

8.7%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$796,958

Up $146,194 (+22%) from 2022

Net Assets

Up

$757,816

Up $134,466 (+22%) from 2022

Liabilities

Up

$39,142

Up $11,728 (+43%) from 2022

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin54th percentile

Revenue

Up

$2,166,323

Up $172,776 (+8.7%) from 2022

Expenses

Down

$2,031,857

Down $590 (-0.0%) from 2022

Net Income

Up

$134,466

Up $173,366 (+446%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$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

2023

Assets$796,958
Liabilities$39,142
Net Assets$757,816
Open 2023 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$2,166,323
Expenses$2,031,857
Net Income$134,466
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$2,166,323
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$649,764$796,831▲ $147,067
Total Assets$650,764$796,958▲ $146,194
Other Assets Total$1,000$127▼ $873
Liabilities
Other Liabilities$27,414$39,142▲ $11,728
Total Liabilities$27,414$39,142▲ $11,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$573,350$645,575▲ $72,225
Net Assets With Donor Restrictions$50,000$112,241▲ $62,241
Total Net Assets Fund Balance$623,350$757,816▲ $134,466
Total Liabilities and Net Assets / Fund Balance$650,764$796,958▲ $146,194
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

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

Board Members and Trustees

NameTitle
Fay WellsBoard Member
Tracie VerlindeBoard Member
Matt McdonnellTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,796,136
Program Service Revenue
$370,187
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,387,346
Change in Net Assets
$134,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,105,777
Salaries, Compensation, and Employee Benefits$646,080
Grants and Similar Amounts Paid$280,000
Total Fundraising Expense$178,759
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,993$125,535$39,803$388,331
Grants to Domestic Individuals$280,000--$280,000
Current Officers, Directors, Trustees, and Key Employees$71,400$71,400$61,200$204,000
Fees for Services Accounting-$129,451-$129,451
Fees for Services Other--$62,992$62,992
Payroll Taxes$28,665$16,201$8,883$53,749
Advertising$11,110$34,772$760$46,642
Fees for Services Management$34,903$5,121$5,121$45,145
Travel-$34,243-$34,243
Other Expenses$30,000$48,826-$30,000
All Other Expenses-$19,645-$19,645
Insurance-$7,195-$7,195
Fees for Services Legal-$1,554-$1,554
Total Functional Expenses$1,359,155$493,943$178,759$2,031,857
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$39,142
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
Colin Kendrick
Title
Chairman
Phone
5126569312
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colin Kendrick
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 Appendix380 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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01215648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01179928
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08290796
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/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039142
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt039142
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0280000
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
IRS990/TotalAssetsBOYAmt0650764
IRS990/TotalAssetsEOYAmt0796958
IRS990/TotalAssetsGrp/BOYAmt0650764
IRS990/TotalAssetsGrp/EOYAmt0796958
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01796136
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0178759
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0493943
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01359155
IRS990/TotalFunctionalExpensesGrp/TotalAmt02031857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027414
IRS990/TotalLiabilitiesEOYAmt039142
IRS990/TotalLiabilitiesGrp/BOYAmt027414
IRS990/TotalLiabilitiesGrp/EOYAmt039142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0623350
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0757816
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01359155
IRS990/TotalProgramServiceRevenueAmt0370187
IRS990/TotalReportableCompFromOrgAmt0204000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0370187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02166323
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0650764
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0796958
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt034243
IRS990/TravelGrp/TotalAmt034243
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 29628
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078755
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SONICGUILD.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0COLIN KENDRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05126569312
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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
ReturnHeader/Filer/USAddress/ZIPCd078755
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/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NAZIA MANDAVIA
ReturnHeader/ReturnTs02024-11-15T15:44:54-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$796,958
Liabilities
$39,142
Net assets
$757,816
Revenue
$2,166,323
Expenses
$2,031,857
Net income
$134,466
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