Civic Intelligence

Sounds Academy

990EZ • Fiscal year 2018 • EIN 46-3932746

Aug 01, 2017 to Jul 31, 2018 • Filed on Apr 14, 2019

1202 N 3RD STREET Room 304Phoenix, AZ 85004

(623) 349-4774

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$43,272

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

95th percentile

195%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

122%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$47,958

Up $31,697 (+195%) from 2017

Net Assets

Up

$46,206

Up $30,676 (+198%) from 2017

Liabilities

Up

$1,752

Up $1,021 (+140%) from 2017

Revenue

Up

$176,400

Up $96,914 (+122%) from 2017

Expenses

Up

$145,724

Up $65,441 (+82%) from 2017

Net Income

Up

$30,676

Up $31,473 (+3949%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $10,957Liabilities 2016: $543Net Assets 2016: $10,4142016Assets 2017: $16,261Liabilities 2017: $731Net Assets 2017: $15,5302017Assets 2018: $47,958Liabilities 2018: $1,752Net Assets 2018: $46,2062018Assets 2019: $53,395Liabilities 2019: $1,769Net Assets 2019: $51,6262019Assets 2020: $131,348Liabilities 2020: $18,227Net Assets 2020: $113,1212020Assets 2021: $154,781Liabilities 2021: $5,993Net Assets 2021: $148,7882021Assets 2022: $396,269Liabilities 2022: $7,482Net Assets 2022: $388,7872022Assets 2023: $383,633Liabilities 2023: $27,201Net Assets 2023: $356,4322023Assets 2024: $473,680Liabilities 2024: $29,449Net Assets 2024: $444,2312024

Highlighted filing

2018

Assets$47,958
Liabilities$1,752
Net Assets$46,206

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $66,046Expenses 2016: $61,852Net Income 2016: $4,1942016Revenue 2017: $79,486Expenses 2017: $80,283Net Income 2017: -$7972017Revenue 2018: $176,400Expenses 2018: $145,724Net Income 2018: $30,6762018Revenue 2019: $202,718Expenses 2019: $197,298Net Income 2019: $5,4202019Revenue 2020: $326,031Expenses 2020: $264,536Net Income 2020: $61,4952020Revenue 2021: $384,848Expenses 2021: $347,900Net Income 2021: $36,9482021Revenue 2022: $774,966Expenses 2022: $534,939Net Income 2022: $240,0272022Revenue 2023: $640,937Expenses 2023: $673,292Net Income 2023: -$32,3552023Revenue 2024: $802,464Expenses 2024: $714,665Net Income 2024: $87,7992024

Highlighted filing

2018

Revenue$176,400
Expenses$145,724
Net Income$30,676
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Apr 14, 2019
Return Version
2017v2.3
Gross Receipts
$177,735
Mission and Program Overview

Mission

Teach and mentor music to underdeserved youth

See Schedule O

Program Services

DescriptionGrantsExpenses
The Musical Access Program - See Schedule O$2,140$122,791
School Programs - See Schedule O--
SOLO Students Optimizing Leadership Opportunities and The Collective - See Schedule O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kirk JohnsonExecutive DirectorFT$43,272-$43,272
Tony BellChairmanPT$0--
Becky EastonVice ChairmanPT$0--
Forrest Valora IITreasurerPT$0--
Ian FischerSecretaryPT$0--
Virginia JohnsonDirectorPT$0--
Amish ShahDirectorPT$0--
Brittany BryantDirectorPT$0--
Carol ValoraDirectorPT$0--
Forest MeltonDirectorPT$0--
Illya RiskeDirectorPT$0--
Ryan EastonDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Sounds Academy
EIN
46-3932746
Phone
6233494774
Address
1202 N 3RD STREET Room 304, PHOENIX, AZ 85004

Signing Officer

Name
Kirk Johnson
Title
Executive Director
Signed
2019-04-14
Discuss with paid preparer
Yes

Preparer

Firm
Sechler Morgan Cpas Pllc
Address
2418 W BARROW DRIVE, CHANDLER, AZ 85224
Preparer
Kristina Morgan CPA
Phone
6022302700
Supplemental Narrative

Additional Explanations

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

Administration Expenses 10,592

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

Awards Incentives 3,443

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

Instruments Repairs 17,724

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

Insurance 831

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

Marketing 2,566

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

Musical Access 3,164

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

Sheet Music 1,035

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

Software 1,055

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

Video/Photo 650

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

Depreciation 52

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

Travel 1,272

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

Employee Advance Beginning of year 10,640, End of year 5,320

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

Security Deposits Beginning of year 175, End of year 175

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

Net Fixed Assets Beginning of year 0, End of year 1,044

Form 990-EZ, Part II, Line 26, Liabilities

Accrued Payroll Expenses Beginning of year 731, End of year 1,752

Form 990-EZ, Part III, Line MISSION

SOUNDS Academy is a non-profit music education organization that teaches, mentors, and provides musical experiences and opportunities for underserved youth. Students receive individual lessons, group classes, and perform on the violin, viola, cello, guitar, and piano. Instruments are provided to those who cannot afford one. In SOUNDS Academy students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. We teach these values in our Musical Access Program, which connects students to live music and instruments through our Instrument Petting Zoos, our School Programs for lower income schools and community centers, and our SOLO Program, which provides one-on-one instruction. SOUNDS Academy believes that the zip code of a child should not dictate their access to music education. Our mission is to teach, mentor, and provide musical experiences and opportunities to underserved youth. The vision of SOUNDS Academy is to provide music education opportunities to a wide variety of children while removing any barriers that children may have in receiving quality music education.

Form 990-EZ, Part III, Line 28

The Musical Access Program exposes children to musical experiences through live performances and Instrument Petting Zoos. In an Instrument Petting Zoo, SOUNDS Academy brings instruments to schools and community center so that children can try instruments such as the violin, viola, cello, and guitar. Through this program, children are inspired to explore music and play instruments. SOUNDS Academy brings performers and music professionals to schools. Beyond students experiencing a live performance, musicians share their stories and speak about the importance of creativity, leadership, perseverance, resilience, teamwork, and higher education.

Form 990-EZ, Part III, Line 29

School Programs provide instrumental instruction in a group setting at schools and community centers. Students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. While in the School Program, students receive instruments, music books, and other supplementary materials. The classes teach note reading and the fundamentals of instrument performance in bi-weekly hour-long classes. Students perform for the community at the end of each semester.

Form 990-EZ, Part III, Line 30

SOLO Students Optimizing Leadership Opportunities provides one-on-one lessons to students. Students receive mentorship to prepare them for auditions and high level performances. Students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. While in the SOLO Program, students receive instruments, music books, and other supplementary materials. It is out of this program that students have received scholarships to play with orchestras and attend college. Students of this program also lead Instrument Petting Zoos throughout the valley.

Form 990-EZ, Part III, Line 30

The Collective consists of 50 hardworking students whom exemplify the character values of creativity, leadership, perseverance, resilience, and teamwork. Students in this program attend concerts, take lessons, play in a chamber ensemble, and take theory classes for 6 hours a week. Additionally, these students perform throughout the valley, using the community as their stage. This program gives children the opportunity to impact the lives of others through their community outreach while gaining a deeper understanding of their instrument and themselves.

Form 990-EZ, Part III, Line 31

Accomplishments - 100 of the students from our SOLO Program have graduated and attended college March 2019 - Governors Arts Award Finalist January 2017 - ON Media Arts Hero Award August 2015 - USA UNITES Award March 2015 - Social Venture Partner Mentors Choice Award November 2014 - Mayors Arts Award March 2014 Teach For Americas Social Innovation Award Finalist

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance 831
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15SOUNDS Academy is a non-profit music education organization that teaches, mentors, and provides musical experiences and opportunities for underserved youth. Students receive individual lessons, group classes, and perform on the violin, viola, cello, guitar, and piano. Instruments are provided to those who cannot afford one. In SOUNDS Academy students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. We teach these values in our Musical Access Program, which connects students to live music and instruments through our Instrument Petting Zoos, our School Programs for lower income schools and community centers, and our SOLO Program, which provides one-on-one instruction. SOUNDS Academy believes that the zip code of a child should not dictate their access to music education. Our mission is to teach, mentor, and provide musical experiences and opportunities to underserved youth. The vision of SOUNDS Academy is to provide music education opportunities to a wide variety of children while removing any barriers that children may have in receiving quality music education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16The Musical Access Program exposes children to musical experiences through live performances and Instrument Petting Zoos. In an Instrument Petting Zoo, SOUNDS Academy brings instruments to schools and community center so that children can try instruments such as the violin, viola, cello, and guitar. Through this program, children are inspired to explore music and play instruments. SOUNDS Academy brings performers and music professionals to schools. Beyond students experiencing a live performance, musicians share their stories and speak about the importance of creativity, leadership, perseverance, resilience, teamwork, and higher education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17School Programs provide instrumental instruction in a group setting at schools and community centers. Students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. While in the School Program, students receive instruments, music books, and other supplementary materials. The classes teach note reading and the fundamentals of instrument performance in bi-weekly hour-long classes. Students perform for the community at the end of each semester.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18SOLO Students Optimizing Leadership Opportunities provides one-on-one lessons to students. Students receive mentorship to prepare them for auditions and high level performances. Students learn the character values of creativity, leadership, perseverance, resilience, and teamwork through music education. While in the SOLO Program, students receive instruments, music books, and other supplementary materials. It is out of this program that students have received scholarships to play with orchestras and attend college. Students of this program also lead Instrument Petting Zoos throughout the valley.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19The Collective consists of 50 hardworking students whom exemplify the character values of creativity, leadership, perseverance, resilience, and teamwork. Students in this program attend concerts, take lessons, play in a chamber ensemble, and take theory classes for 6 hours a week. Additionally, these students perform throughout the valley, using the community as their stage. This program gives children the opportunity to impact the lives of others through their community outreach while gaining a deeper understanding of their instrument and themselves.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Accomplishments - 100 of the students from our SOLO Program have graduated and attended college March 2019 - Governors Arts Award Finalist January 2017 - ON Media Arts Hero Award August 2015 - USA UNITES Award March 2015 - Social Venture Partner Mentors Choice Award November 2014 - Mayors Arts Award March 2014 Teach For Americas Social Innovation Award Finalist
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990-EZ, Part II, Line 24, Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990-EZ, Part III, Line MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990-EZ, Part III, Line 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990-EZ, Part III, Line 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990-EZ, Part III, Line 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990-EZ, Part III, Line 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990-EZ, Part III, Line 31
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ReturnHeader/FilingSecurityInformation/IPDt02019-04-21
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ReturnHeader/FilingSecurityInformation/IPTm020:28:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SECHLER MORGAN CPAS PLLC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHANDLER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
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ReturnHeader/PreparerPersonGrp/PhoneNum06022302700
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTINA MORGAN CPA
ReturnHeader/ReturnTs02019-04-21T03:41:08-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

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