Civic Intelligence

The Alchemy Sky Foundation Inc

990EZ • Fiscal year 2020 • EIN 46-4960463

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

Organization Profilewww.alchemysky.org
1097 Rhomboid StreetAtlanta, GA 30318

(404) 807-4955

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

64th percentile

15%

Higher net margin than 64% 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

56th percentile

8.1%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

27th percentile

-42%

Faster revenue growth than 27% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$24,249

Up $1,817 (+8.1%) from 2019

Net Assets

Up

$24,249

Up $1,817 (+8.1%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin64th percentile

Revenue

Down

$11,972

Down $8,766 (-42%) from 2019

Expenses

Down

$10,155

Down $4,918 (-33%) from 2019

Net Income

Down

$1,817

Down $3,848 (-68%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$40K$30K$20K$10K$0Assets 2014: $5,062Liabilities 2014: $0Net Assets 2014: $5,0622014Assets 2015: $5,898Liabilities 2015: $0Net Assets 2015: $5,8982015Assets 2016: $3,121Net Assets 2016: $3,1212016Assets 2017: $14,071Liabilities 2017: $0Net Assets 2017: $14,0712017Assets 2018: $16,767Liabilities 2018: $0Net Assets 2018: $16,7672018Assets 2019: $22,432Liabilities 2019: $0Net Assets 2019: $22,4322019Assets 2020: $24,249Liabilities 2020: $0Net Assets 2020: $24,2492020Assets 2021: $35,158Liabilities 2021: $0Net Assets 2021: $35,1582021Assets 2022: $35,682Liabilities 2022: $0Net Assets 2022: $35,6822022Assets 2023: $35,852Liabilities 2023: $0Net Assets 2023: $35,8522023Assets 2024: $36,003Liabilities 2024: $0Net Assets 2024: $36,0032024

Highlighted filing

2020

Assets$24,249
Liabilities$0
Net Assets$24,249
Open 2020 Filing

Operations Trend

Revenue Growth27th percentile

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

$60K$40K$20K$0-$20KRevenue 2014: $11,906Expenses 2014: $6,844Net Income 2014: $5,0622014Revenue 2015: $9,659Expenses 2015: $8,823Net Income 2015: $8362015Revenue 2016: $9,447Expenses 2016: $12,224Net Income 2016: -$2,7772016Revenue 2017: $18,095Expenses 2017: $7,645Net Income 2017: $10,4502017Revenue 2018: $8,728Expenses 2018: $6,032Net Income 2018: $2,6962018Revenue 2019: $20,738Expenses 2019: $15,073Net Income 2019: $5,6652019Revenue 2020: $11,972Expenses 2020: $10,155Net Income 2020: $1,8172020Revenue 2021: $25,408Expenses 2021: $14,499Net Income 2021: $10,9092021Revenue 2022: $43,069Expenses 2022: $42,545Net Income 2022: $5242022Revenue 2023: $33,387Expenses 2023: $33,217Net Income 2023: $1702023Revenue 2024: $23,408Expenses 2024: $23,257Net Income 2024: $1512024

Highlighted filing

2020

Revenue$11,972
Expenses$10,155
Net Income$1,817
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.0
Gross Receipts
$11,972
Mission and Program Overview

Mission

Music Therapy

The Alchemy Sky Foundation, Inc.'s (the "Foundation") brings the healing power of music to those who need it. We partner with organizations in the community along with a broad network of music and health professionals to create needs-based programs for our clients. Donated services valued at $26,875 have been contributed to the Foundation.

Program Services

DescriptionGrantsExpenses
The Alchemy Sky Foundation brings the healing power of music to those who need it.$8,749$2,561
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaye BuddPresidentPT$0--
Alan JonesSecretary-$0--
Daniel SageTreasurerPT$0--
Carol FinkBoard Member-$0--
Thomas LongoriaBoard Member-$0--
Collin GrantBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Alchemy Sky Foundation Inc
EIN
46-4960463
Phone
4048074955
Address
1097 Rhomboid Street, Atlanta, GA 30318

Signing Officer

Name
Jaye Budd
Title
President
Phone
4048074955
Signed
2021-08-31
Discuss with paid preparer
No

Preparer

Firm
Diane W Marine CPA
Address
4542 Windsor Oaks Court, marietta, GA 30066
Preparer
Diane Marine
Phone
7709247701
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Other income”

Form 990-EZ, Part I, Line 16

“Description;Amount^Cost of Tshirts;76|Depreciation;1449|Dues and subscriptions;180|Insurance;998|Loss on sale of equipment;1939|Parking;20|Postage;21|Software Exp;1064|Web Design;595|Travel;49|office expense;185|Commission and fees;74^Total;6650^”

Form 990-EZ, Part II, Line 24

“Description;EOY Amount^prepaid expenses;559^Total;559^”

Raw XML Appendix196 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/OfficerDirectorTrusteeEmplGrp/PersonNm1Alan Jones
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Carol Fink
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Thomas Longoria
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Collin Grant
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PrimaryExemptPurposeTxt0The Alchemy Sky Foundation, Inc.'s (the "Foundation") brings the healing power of music to those who need it. We partner with organizations in the community along with a broad network of music and health professionals to create needs-based programs for our clients. Donated services valued at $26,875 have been contributed to the Foundation.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Other income
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Cost of Tshirts;76|Depreciation;1449|Dues and subscriptions;180|Insurance;998|Loss on sale of equipment;1939|Parking;20|Postage;21|Software Exp;1064|Web Design;595|Travel;49|office expense;185|Commission and fees;74^Total;6650^
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ReasonableCauseExplanation/ExplanationTxt0A timely extension was filed.
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ReturnHeader/Filer/EIN0464960463
ReturnHeader/Filer/PhoneNum04048074955
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ReturnHeader/PreparerPersonGrp/PhoneNum07709247701
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Diane Marine
ReturnHeader/ReturnTs02021-09-08T11:34:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,249
Liabilities
$0
Net assets
$24,249
Revenue
$11,972
Expenses
$10,155
Net income
$1,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.0$0.00$36.0$23.4$23.3$0.15
2023Detailed filing. Detailed filing data is available for this year.$35.9$0.00$35.9$33.4$33.2$0.17
2022Detailed filing. Detailed filing data is available for this year.$35.7$0.00$35.7$43.1$42.5$0.52
2021Detailed filing. Detailed filing data is available for this year.$35.2$0.00$35.2$25.4$14.5$10.9
2020Detailed filing. Detailed filing data is available for this year.$24.2$0.00$24.2$12.0$10.2$1.82
2019Detailed filing. Detailed filing data is available for this year.$22.4$0.00$22.4$20.7$15.1$5.67
2018Detailed filing. Detailed filing data is available for this year.$16.8$0.00$16.8$8.73$6.03$2.70
2017Detailed filing. Detailed filing data is available for this year.$14.1$0.00$14.1$18.1$7.65$10.5
2016Detailed filing. Detailed filing data is available for this year.$3.12$3.12$9.45$12.2$2.78
2015Detailed filing. Detailed filing data is available for this year.$5.90$0.00$5.90$9.66$8.82$0.84
2014Detailed filing. Detailed filing data is available for this year.$5.06$0.00$5.06$11.9$6.84$5.06