Liabilities / Assets
66th percentile
Higher debt load relative to assets than 66% of similar nonprofits.
Bluegrass Ambassadors
EIN 46-3959252 • 501(c)3 • Grayslake, IL
Pub. 78 Eligible990-N Coverage
Profile
Silver Sound Foundation organized and operated exclusively for charitable purposes in accordance with §501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue law and referred to below as the "Code"). More specifically, the corporation is organized to provide eleemosynary financial assistance and other beneficial services to low-income individuals and entities suffering from the effects of natural disasters, illness, injury or other sources of financial distress, and to provide educational programming in the creative arts by organizing performances, workshops, seminars, classes and other programming. The corporation will not operate a school or similar institution regulated by the Illinois State Board of Education.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
81st percentile
Faster revenue growth than 81% of similar nonprofits.
Balance Sheet
Assets
Up$40,735
Up $15,135 (+59%) from 2013
Liabilities
Up$333
Up $333 from 2013
Net Assets
$40,402
No earlier filing loaded for comparison.
Revenue
Up$35,750
Up $10,150 (+40%) from 2013
Expenses
Up$20,948
Up $20,948 from 2013
Net Income
Down$14,802
Down $10,798 (-42%) from 2013
Trend Graphs
Filings
Most recent year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $40,735
- Liabilities
- $333
- Net assets
- $40,402
- Revenue
- $35,750
- Expenses
- $20,948
- Net income
- $14,802
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Aug 15, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $35,750
Mission and Program Overview
Mission
Silver Sound Foundation organized and operated exclusively for charitable purposes in accordance with §501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue law and referred to below as the "Code"). More specifically, the corporation is organized to provide eleemosynary financial assistance and other beneficial services to low-income individuals and entities suffering from the effects of natural disasters, illness, injury or other sources of financial distress, and to provide educational programming in the creative arts by organizing performances, workshops, seminars, classes and other programming. The corporation will not operate a school or similar institution regulated by the Illinois State Board of Education.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| In connection with the U.S. State Department, Silver Sound Foundation secured financing for a diplomatic and educational music program in Russia's Ural Mountains region, to be designated to the Henhouse Prowlers bluegrass band in 2015. | $35,000 | $0 |
| Silver Sound Foundation sent the Henhouse Prowlers bluegrass band to perform for a fundraising event for Chicago's Old Town School of Folk Music, a 501(c)(3) organization and music education facility. | $750 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Vanessa Robinson | Director And President | - | $0 | - | - |
| Benjamin Wright | Director And Vice President | - | $0 | - | - |
| Jonathan Goldfine | Director And Secretary | - | $0 | - | - |
| Ryan Hinshaw | Treasurer | - | $0 | - | - |
| Starr Moss | Director | - | $0 | - | - |
| Daniel Andree | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Silver Sound Foundation
- EIN
- 46-3959252
- Phone
- 8479245298
- Address
- 976 Tylerton Circle, Grayslake, IL 60030
Signing Officer
- Name
- Ryan Hinshaw
- Title
- Treasurer
- Phone
- 8479245298
- Signed
- 2015-08-15
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Description;Amount^Filing Fee IRS Form 1023;850|Filing Fee IL Charity Bureau Fund;15|Filing Fee IL Charity Bureau Fund;215^Total;1080^”
Form 990-EZ, Part II, Line 26
“Description;EOY Amount^Travel Expense Reimbursement for Prowlers Music Inc AMA Africa 2013;333^Total;333^”
Raw XML Appendix188 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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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 40735 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 35000 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Vanessa Robinson |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Daniel Andree |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Director and President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director and Vice President |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
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| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Silver Sound Foundation organized and operated exclusively for charitable purposes in accordance with §501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue law and referred to below as the "Code"). More specifically, the corporation is organized to provide eleemosynary financial assistance and other beneficial services to low-income individuals and entities suffering from the effects of natural disasters, illness, injury or other sources of financial distress, and to provide educational programming in the creative arts by organizing performances, workshops, seminars, classes and other programming. The corporation will not operate a school or similar institution regulated by the Illinois State Board of Education. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 5 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 750 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | In connection with the U.S. State Department, Silver Sound Foundation secured financing for a diplomatic and educational music program in Russia's Ural Mountains region, to be designated to the Henhouse Prowlers bluegrass band in 2015. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Silver Sound Foundation sent the Henhouse Prowlers bluegrass band to perform for a fundraising event for Chicago's Old Town School of Folk Music, a 501(c)(3) organization and music education facility. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 750 |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 17408 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 333 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
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| IRS990EZ/TotalExpensesAmt | 0 | 20948 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 35750 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
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| IRS990ScheduleA/First5Years170Ind | 0 | X |
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| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 61350 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 25600 |
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| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^Filing Fee IRS Form 1023;850|Filing Fee IL Charity Bureau Fund;15|Filing Fee IL Charity Bureau Fund;215^Total;1080^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description;EOY Amount^Travel Expense Reimbursement for Prowlers Music Inc AMA Africa 2013;333^Total;333^ |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part II, Line 26 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | The officer responsible for filing the return experienced an unavoidable absence due to the birth of a new child on March 24, 2015, lasting several weeks thereafter for medical reasons. Concurrently, a majority of the other officers and directors of the organization were traveling abroad in Russia, Africa, and Europe from April 7, 2015 until July 6, 2015 providing educational programming as part of the organization's mission in connection with the U.S. State Department. Communication among directors and officers necessary for completing the return was not possible during this time. |
| ReturnHeader/BuildTS | 0 | 2016-04-25 22:37:26Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Ryan Hinshaw |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8479245298 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-08-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Silver Sound Foundation |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SILV |
| ReturnHeader/Filer/EIN | 0 | 463959252 |
| ReturnHeader/Filer/PhoneNum | 0 | 8479245298 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 976 Tylerton Circle |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Grayslake |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60030 |
| ReturnHeader/ReturnTs | 0 | 2015-08-15T15:31:22-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.