Civic Intelligence

Found Sound Nation Inc

990EZ • Fiscal year 2018 • EIN 47-4207974

Sep 01, 2017 to Aug 31, 2018 • Filed on Apr 30, 2019

Organization ProfileWWW.FOUNDSOUNDNATION.ORG
68 Jay St Ste 1003 No 1003Brooklyn, NY 11201

(347) 410-3810

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

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

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.00x

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

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Net Margin

20th percentile

-16%

Higher net margin than 20% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$5,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Asset Growth

8th percentile

-57%

Faster asset growth than 8% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

-8.2%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$9,803

Down $12,750 (-57%) from 2017

Net Assets

Down

$9,803

Down $12,750 (-57%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin20th percentile

Revenue

Down

$79,490

Down $7,125 (-8.2%) from 2017

Expenses

Down

$92,240

Down $11,725 (-11%) from 2017

Net Income

Up

-$12,750

Up $4,600 (+27%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$300K$200K$100K$0Assets 2016: $39,903Liabilities 2016: $0Net Assets 2016: $39,9032016Assets 2017: $22,553Liabilities 2017: $0Net Assets 2017: $22,5532017Assets 2018: $9,803Liabilities 2018: $0Net Assets 2018: $9,8032018Assets 2019: $39,481Liabilities 2019: $0Net Assets 2019: $39,4812019Assets 2020: $26,726Liabilities 2020: $0Net Assets 2020: $26,7262020Assets 2021: $114,262Liabilities 2021: $0Net Assets 2021: $114,2622021Assets 2022: $132,523Liabilities 2022: $0Net Assets 2022: $132,5232022Assets 2023: $219,410Liabilities 2023: $24,737Net Assets 2023: $194,6732023Assets 2024: $150,708Liabilities 2024: $3,629Net Assets 2024: $147,0792024

Highlighted filing

2018

Assets$9,803
Liabilities$0
Net Assets$9,803
Open 2018 Filing

Operations Trend

Revenue Growth38th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $87,392Expenses 2016: $47,489Net Income 2016: $39,9032016Revenue 2017: $86,615Expenses 2017: $103,965Net Income 2017: -$17,3502017Revenue 2018: $79,490Expenses 2018: $92,240Net Income 2018: -$12,7502018Revenue 2019: $61,403Expenses 2019: $39,196Net Income 2019: $22,2072019Revenue 2020: $78,785Expenses 2020: $91,560Net Income 2020: -$12,7752020Revenue 2021: $263,930Expenses 2021: $176,394Net Income 2021: $87,5362021Revenue 2022: $367,996Expenses 2022: $349,135Net Income 2022: $18,8612022Revenue 2023: $749,156Expenses 2023: $687,006Net Income 2023: $62,1502023Revenue 2024: $1,896,765Expenses 2024: $1,944,359Net Income 2024: -$47,5942024

Highlighted filing

2018

Revenue$79,490
Expenses$92,240
Net Income-$12,750
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Apr 30, 2019
Return Version
2017v2.3
Gross Receipts
$79,490
Mission and Program Overview

Mission

Found sound nation (fsn) is a collective of artists who use the collaborative power of music to connect people across political, cultural and economic divides. We've found that engaging in music creation is an important way for creative leaders in civil societies to develop ideas for building more peaceful and harmonious societies. We believe that the art of listening extends far beyond the practice of making music; it's one of the major ways we become aware of the beauty, trauma, and hidden potential present in our institutions, neighborhoods and families.

Program Services

DescriptionGrantsExpenses
FSN PARTNERS WITH LOCAL YOUTH, SOCIAL ORGANIZATIONS, MUSIC FESTIVALS, AND ARTISTS ACROSS ALL DISCIPLINES TO ENGAGE PEOPLE FROM ALL WALKS OF LIFE IN OUR INTERACTIVE PROCESS OF COLLABORATIVE MUSIC, AUDIO, AND VIDEO PRODUCTION, IN ORDER TO GIVE VOICE TO UNDERREPRESENTED COMMUNITIES, UNLOCK THE CREATIVE POTENTIAL OF YOUTH, AND BRIDGE CULTURAL AND POLITICAL DIVIDES. IN FISCAL YEAR 2018 WE COMPLETED THE PROJECT 'SYMPHONY FOR A BROKEN ORCHESTRA' IN PARTNERSHIP WITH TEMPLE UNIVERSITY, FOR WHICH WE RECORDED THE SOUNDS OF MORE THAN A THOUSAND INSTRUMENTS FROM THE PHILADELPHIA SCHOOL DISTRICT. THE PROJECT CULMINATED IN A WIDELY-PUBLICIZED FINAL CONCERT IN WHICH MORE THAN 300 OF THESE INSTRUMENTS WERE PLAYED SIMULTANEOUSLY, AND IN A REMIX CONTEST THAT RECEIVED HUNDREDS OF SUBMISSIONS. THIS PROJECT RAISED FUNDS SO THAT ALL OF THE BROKEN INSTRUMENTS CAN BE REPAIRED OR REPLACED AND RETURNED TO PUBLIC SCHOOLS IN PHILADELPHIA. WE ONCE AGAIN LED YOUTH MUSIC COMPOSITION WORKSHOPS FOR SUMMER PROGRAMS IN HUDSON,NY, AND NORTH ADAMS, MA IN PARTNERSHIP WITH KITE'S NEST AND BANG ON A CAN SUMMER FESTIVAL. WE ALSO LED UNIVERSITY WORKSHOPS AT MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND MERCY COLLEGE. IN PARTNERSHIP WITH MAKE MUSIC DAY, WE AGAIN ORGANIZED "STREET STUDIO CITIES," IN WHICH MUSIC PRODUCERS IN 10 SITES AROUND THE WORLD BROUGHT THEIR MOBILE RECORDING SETUPS INTO PUBLIC SPACES. IN JUNE, WE CURATED A STAGE AND PERFORMED AT THE UPSTREAM MUSIC FESTIVAL IN SEATTLE, WA, BRINGING TOGETHER MUSICIANS FROM MOROCCO, APPALACHIA AND THE SEATTLE REGION TO CREATE COLLABORATIVE PIECES. IN TOTAL, WE WORKED WITH A TOTAL OF 200 YOUTH, AND ORGANIZED PERFORMANCES FOR AN AGGREGATE TOTAL AUDIENCE OF 3000 PEOPLE.$0$77,847
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEREMY THALExecutive DirectorPT$5,000-$5,000
ELENA PARKSecretaryPT$5,000-$5,000
CHRISTOPHER MARIANETTITreasurerPT$5,000-$5,000
BENJAMIN TURNERDirector-$0--
TOMMIE LINDSAYDirector-$0--
Filing and Contact Details

Filer

Filer Name
Found Sound Nation Inc
EIN
47-4207974
Phone
3474103810
Address
68 JAY ST STE 1003 NO 1003, BROOKLYN, NY 11201

Signing Officer

Name
Jeremy Thal
Title
Executive Director
Phone
3474103810
Signed
2019-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Yigit Uctum CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

“Income: gross receipts: 75. Returns and allowances: 0. Less cost of goods sold: 0. Gross profit: 75.”

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

“Description: office expenses. Amount: 3,429. Description: advertising. Amount: 1,376. Description: information technology. Amount: 1,729. Description: production. Amount: 23,199. Description: travel. Amount: 15,958. Description: per diem reimbursements. Amount: 3,397. Description: conferences, conventions, and meetings. Amount: 374. Description: miscellaneous. Amount: 42. Total to form 990-ez, line 16: 49,504.”

Raw XML Appendix172 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/PrimaryExemptPurposeTxt0FOUND SOUND NATION (FSN) IS A COLLECTIVE OF ARTISTS WHO USE THE COLLABORATIVE POWER OF MUSIC TO CONNECT PEOPLE ACROSS POLITICAL, CULTURAL AND ECONOMIC DIVIDES. WE'VE FOUND THAT ENGAGING IN MUSIC CREATION IS AN IMPORTANT WAY FOR CREATIVE LEADERS IN CIVIL SOCIETIES TO DEVELOP IDEAS FOR BUILDING MORE PEACEFUL AND HARMONIOUS SOCIETIES. WE BELIEVE THAT THE ART OF LISTENING EXTENDS FAR BEYOND THE PRACTICE OF MAKING MUSIC; IT'S ONE OF THE MAJOR WAYS WE BECOME AWARE OF THE BEAUTY, TRAUMA, AND HIDDEN POTENTIAL PRESENT IN OUR INSTITUTIONS, NEIGHBORHOODS AND FAMILIES.
IRS990EZ/PrintingPublicationsPostageAmt085
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 75. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 0. GROSS PROFIT: 75.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSES. AMOUNT: 3,429. DESCRIPTION: ADVERTISING. AMOUNT: 1,376. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 1,729. DESCRIPTION: PRODUCTION. AMOUNT: 23,199. DESCRIPTION: TRAVEL. AMOUNT: 15,958. DESCRIPTION: PER DIEM REIMBURSEMENTS. AMOUNT: 3,397. DESCRIPTION: CONFERENCES, CONVENTIONS, AND MEETINGS. AMOUNT: 374. DESCRIPTION: MISCELLANEOUS. AMOUNT: 42. TOTAL TO FORM 990-EZ, LINE 16: 49,504.
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ReturnHeader/BusinessOfficerGrp/PhoneNum03474103810
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ReturnHeader/Filer/EIN0474207974
ReturnHeader/Filer/PhoneNum03474103810
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ReturnHeader/FilingSecurityInformation/IPTm008:32:08
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ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02019-05-09T16:23:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,803
Liabilities
$0
Net assets
$9,803
Revenue
$79,490
Expenses
$92,240
Net income
-$12,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.90$1.94$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.02$0.19$0.75$0.69$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.37$0.35$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.26$0.18$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.08$0.09$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.06$0.04$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.08$0.09$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.09$0.10$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.09$0.05$0.04