Overtone Industries

990EZ • Fiscal year 2022 • EIN 68-0040723

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 15, 2022

Organization Profile www.overtoneindustries.org

6535 Wilshire Blvd STE 202Los Angeles, CA 90048

(323) 655-2410

Siviq Scores

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

0.03x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

-5.7%

Higher net margin than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

-31%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

-9.2%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet

Liabilities / Assets71st percentile

Assets

Down

$29,557

Down $13,386 (-31%) from 2021

Net Assets

$28,807

No earlier filing loaded for comparison.

Liabilities

Flat

$750

Flat from 2021

Revenue And Expenses

Liabilities / Revenue63rd percentile Net Margin31st percentile

Revenue

Down

$135,043

Down $13,625 (-9.2%) from 2021

Expenses

Down

$142,737

Down $2,944 (-2.0%) from 2021

Net Income

Down

-$7,694

Down $10,681 (-358%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

Highlighted filing

2022

Assets$29,557

Liabilities$750

Net Assets$28,807

Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

Highlighted filing

2022

Revenue$135,043

Expenses$142,737

Net Income-$7,694

Open 2022 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2021 to Jun 30, 2022
Signed: Dec 15, 2022
Return Version: 2021v4.2
Gross Receipts: $135,043

Mission and Program Overview

Mission

Promote Support & Produce Opera

Program Services

Description	Grants	Expenses
Promote, Support & Produce Opera	-	-

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
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	-	-
Fahad Siadat	Executive Director	-	$0	-	-
Michelle Magaldli	Producing Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Overtone Industries
EIN: 68-0040723
Address: 6535 Wilshire Blvd STE 202, Los Angeles, CA 90048

Signing Officer

Name: Fahad Siadat
Title: Executive Direc
Phone: 3236552410
Signed: 2022-12-15
Discuss with paid preparer: No

Preparer

Firm: Complete Business Services Inc
Address: P O Box 1376, Culver City, CA 90232
Preparer: Howard Jacobowitz
Phone: 3108424828

Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountProduction 6,103Marketing 2,340Operating 2,887Fundraising Costs 2,847”

Other changes in net assets or fund balances Part I line 20

“Description AmountPrior Period Adjustments (5,692)prior period adjustment”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearLoans 750 750”

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”

Raw XML Appendix164 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/BooksInCareOfDetail/USAddress/CityNm	0	Los Angeles
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	90048
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	42943
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	29557
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	73766
IRS990EZ/DonorAdvisedFndsInd	0	false
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IRS990EZ/ExcessOrDeficitForYearAmt	0	-7694
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IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
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IRS990EZ/GrossReceiptsAmt	0	135043
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	42193
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	28807
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	42193
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	28807
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	9652
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	5	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	6	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	6	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Alexander Wright
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Maud Winchester
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Nicki Harper
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	Paul Codiga
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	O-Lan Jones
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	Fahad Siadat
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	6	Michelle Magaldli
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	SecretaryTreasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	Artisitc Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	6	Producing Director
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	-5692
IRS990EZ/OtherExpensesTotalAmt	0	14177
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PrimaryExemptPurposeTxt	0	Promote Support & Produce Opera
IRS990EZ/ProgramServiceRevenueAmt	0	61277
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Promote, Support & Produce Opera
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	118908
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	CA
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	750
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	750
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	142737
IRS990EZ/TotalProgramServiceExpensesAmt	0	0
IRS990EZ/TotalRevenueAmt	0	135043
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	https://www.overtoneindustries.org/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	73766
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	91168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	82356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	96559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	29740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	373589
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY170Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal170Amt	0	373589
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	73766
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	91168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	82356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	96559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	29740
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	373589
IRS990ScheduleA/TotalSupportAmt	0	373589
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description AmountProduction 6,103Marketing 2,340Operating 2,887Fundraising Costs 2,847
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Description AmountPrior Period Adjustments (5,692)prior period adjustment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Category Beginning of Year End of YearLoans 750 750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	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 changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other program services Part III line 31
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Fahad Siadat
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Executive Direc
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3236552410
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Overtone Industries
ReturnHeader/Filer/BusinessNameControlTxt	0	OVER
ReturnHeader/Filer/EIN	0	680040723
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	6535 Wilshire Blvd STE 202
ReturnHeader/Filer/USAddress/CityNm	0	Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	90048
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	954836201
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	COMPLETE BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	P O Box 1376
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Culver City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	90232
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3108424828
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-09-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	HOWARD JACOBOWITZ
ReturnHeader/ReturnTs	0	2022-09-21T22:32:49-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	Fahad
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	Siadat
ReturnHeader/TaxPeriodBeginDt	0	2021-07-01
ReturnHeader/TaxPeriodEndDt	0	2022-06-30
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $29,557
Liabilities: $750
Net assets: $28,807
Revenue: $135,043
Expenses: $142,737
Net income: -$7,694

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.44	$0.00	$0.44	$2.45	$2.22	$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.32	$0.00	$0.32	$2.95	$2.92	$0.03
2022Detailed filing. Detailed filing data is available for this year.	$0.30	$0.01	$0.29	$1.35	$1.43	$0.08
2021Summary only. Only limited summary data is available for this year.	$0.43	$0.01		$1.49	$1.46	$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.40	$0.01	$0.39	$1.17	$0.92	$0.26
2019Detailed filing. Detailed filing data is available for this year.	$0.14	$0.00	$0.14	$0.97	$1.05	$0.08
2018Summary only. Only limited summary data is available for this year.	$0.22	$0.00		$0.30	$0.23	$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.16		$0.16	$0.52	$0.37	$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.01		$0.01	$0.92	$0.96	$0.05
2015Detailed filing. Detailed filing data is available for this year.	$0.06		$0.06	$0.43	$0.38	$0.05
2014Detailed filing. Detailed filing data is available for this year.	$0.03	$0.00	$0.03	$0.56	$0.70	$0.14
2013Detailed filing. Detailed filing data is available for this year.	$0.18		$0.18	$0.43	$0.65	$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.39		$0.39	$1.05	$0.90	$0.15
2011Summary only. Only limited summary data is available for this year.	$0.13	$0.00		$0.83	$0.70	$0.13