Liabilities / Assets
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
25th percentile
Higher net margin than 25% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 31.5% of source-year revenue.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Down$13,684
Down $8,458 (-38%) from 2018
Net Assets
$13,684
No earlier filing loaded for comparison.
Liabilities
Flat$0
Flat from 2018
Revenue And Expenses
Revenue
Up$96,798
Up $67,058 (+225%) from 2018
Expenses
Up$105,256
Up $81,943 (+351%) from 2018
Net Income
Down-$8,458
Down $14,885 (-232%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Aug 15, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $96,798
Mission and Program Overview
Mission
Promote Support & Produce Opera
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Promote Support & Produce Opera | - | $60,037 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Fahad Siadat | Executive Director | - | $30,446 | - | $30,446 |
| Alexander Wright | President | - | $0 | - | - |
| Maud Winchester | Secretarytreasurer | - | $0 | - | - |
| Nicki Harper | Board Member | - | $0 | - | - |
| Paul Codiga | Board Member | - | $0 | - | - |
| O-Lan Jones | Artisitc Director | FT | $0 | - | - |
| Michelle Magaldli | Producing Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Overtone Industries
- EIN
- 68-0040723
- Address
- 6535 Wilshire Blvd, Los Angeles, CA 90048
Signing Officer
- Name
- Fahad Siadat
- Title
- Executive Direc
- Phone
- 3236552410
- Signed
- 2019-08-15
- Discuss with paid preparer
- No
Preparer
- Firm
- Complete Business Services Inc
- Address
- 4302 OVERLAND AVENUE, Culver City, CA 90230
- Preparer
- Howard Jacobowitz
- Phone
- 3108424828
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountProduction 17,581Marketing 5,152Operating Costs 3,072”
Other program services Part III line 31
“During 2017 Overtone Industries focused on developing our new opera/theatre piece,ICELANO, The Hidden World. We had a writing retreat for the writer composers andmapped out the re-writes well be completing in 2018.We began work on a new piece, CYNOSEMMA, with the new non-profit group By TheSouls Of Our Feet. This is set to perform August 10-19, 2018 at Son of Semele.We continued our partnering with ART Division by participating in theirfundraising event in November.We met monthly with our dedicated Board of Directors and created a successfulWinter mail and email fundraiser to raise funds toward the hiring of a ManagingDirector that will be matched by an anonymous Donor. Michelle Magaldi continues to work as Overtones Producing Director. She not onlyoversees our Productions, we meet weekly to plan for the care of the wholeorganization. Michelle has worked on all of Overtones productions since 2010 and is currently Manager of Production and Tech at LA Opera”
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| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountProduction 17,581Marketing 5,152Operating Costs 3,072 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | During 2017 Overtone Industries focused on developing our new opera/theatre piece,ICELANO, The Hidden World. We had a writing retreat for the writer composers andmapped out the re-writes well be completing in 2018.We began work on a new piece, CYNOSEMMA, with the new non-profit group By TheSouls Of Our Feet. This is set to perform August 10-19, 2018 at Son of Semele.We continued our partnering with ART Division by participating in theirfundraising event in November.We met monthly with our dedicated Board of Directors and created a successfulWinter mail and email fundraiser to raise funds toward the hiring of a ManagingDirector that will be matched by an anonymous Donor. Michelle Magaldi continues to work as Overtones Producing Director. She not onlyoversees our Productions, we meet weekly to plan for the care of the wholeorganization. Michelle has worked on all of Overtones productions since 2010 and is currently Manager of Production and Tech at LA Opera |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other program services Part III line 31 |
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| ReturnHeader/Filer/USAddress/CityNm | 0 | Los Angeles |
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| ReturnHeader/ReturnTs | 0 | 2019-08-21T11:26:12-04:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-06-30 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $13,684
- Liabilities
- $0
- Net assets
- $13,684
- Revenue
- $96,798
- Expenses
- $105,256
- Net income
- -$8,458