Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
EIN 82-2251923 • 501(c)3 • Bentonville, AR
Profile
The corporation is organized for the following purposes: to bring musicians from all of the world together to create new works; to promote musical and artistic collaboration; to expand creative and cultural opportunities for the communities in which it operates; to work with cultural organizations in countries throughout the world; with similar goals; and to reduce cultural boundaries through music.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 45.7% of source-year revenue.
Asset Growth
27th percentile
Faster asset growth than 27% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Assets
Down$237,745
Down $96,917 (-29%) from 2023
Liabilities
Up$276,930
Up $160,910 (+139%) from 2023
Net Assets
Down-$39,185
Down $257,827 (-118%) from 2023
Revenue
Down$301,288
Down $500,212 (-62%) from 2023
Expenses
Down$559,115
Down $44,283 (-7.3%) from 2023
Net Income
Down-$257,827
Down $455,929 (-230%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The corporation is organized for the following purposes: to bring musicians from all over the world together to create new works; to promote musical and artistic collaboration; to expand creative and cultural opportunities for the communities in which it operates; to work with cultural organizations in countries throughout the world; with similar goals; and to reduce cultural boundaries through music.
The corporation is organized for the following purposes: to bring musicians from all of the world together to create new works; to promote musical and artistic collaboration; to expand creative and cultural opportunities for the communities in which it operates; to work with cultural organizations in countries throughout the world; with similar goals; and to reduce cultural boundaries through music.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $9,667 | $148,161 | ▲ $138,494 |
| Cash and Non-Interest-Bearing Accounts | $209,925 | $38,353 | ▼ $171,572 |
| Land, Buildings, and Equipment, Net | $69,219 | $31,223 | ▼ $37,996 |
| Prepaid Expenses and Deferred Charges | $7,500 | $11,653 | ▲ $4,153 |
| Accounts Receivable | - | $355 | - |
| Total Assets | $334,662 | $237,745 | ▼ $96,917 |
| Other Assets Total | $38,351 | $8,000 | ▼ $30,351 |
| Liabilities | |||
| Deferred Revenue | - | $175,000 | - |
| Other Liabilities | $70,731 | $36,348 | ▼ $34,383 |
| Unsecured Notes Loans Payable | - | $28,900 | - |
| Mortgage Notes Payable Secured by Investment Property | $29,265 | $22,857 | ▼ $6,408 |
| Accounts Payable and Accrued Expenses | $16,024 | $13,825 | ▼ $2,199 |
| Total Liabilities | $116,020 | $276,930 | ▲ $160,910 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $218,642 | $-39,185 | ▼ $257,827 |
| Total Net Assets Fund Balance | $218,642 | $-39,185 | ▼ $257,827 |
| Total Liabilities and Net Assets / Fund Balance | $334,662 | $237,745 | ▼ $96,917 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $3,530 | $86,551 | $90,081 |
| Equipment | $27,693 | $33,850 | $61,543 |
| Land | $0 | - | - |
| Other Assets Org | $8,000 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Troy Campbell | Executive Director | FT | $137,574 | $137,574 |
| Name | Title |
|---|---|
| Sterling Smith | President |
| Clay Kendall | Vice President |
| Jennifer Attal Allen | Board Member |
| Jessica Schaff | Board Member |
| Jim Smith | Board Member |
| John Roescher | Board Member |
| Ali Ishaq | Secretary |
| Elizabeth Montoya | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $411,017 |
| Salaries, Compensation, and Employee Benefits | $148,098 |
| Total Fundraising Expense | $88,471 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $140,887 | $-1,042 | $20 | $139,865 |
| Current Officers, Directors, Trustees, and Key Employees | $34,393 | $34,393 | $68,787 | $137,573 |
| Fees for Services Other | $14,366 | $46,149 | $7,837 | $68,352 |
| Fees for Services Accounting | $0 | $45,338 | $0 | $45,338 |
| Depreciation Depletion | $37,996 | $0 | $0 | $37,996 |
| Payroll Taxes | $2,632 | $2,631 | $5,262 | $10,525 |
| Office Expenses | $12 | $7,697 | $942 | $8,651 |
| Travel | $5,490 | $0 | $2,842 | $8,332 |
| Fees for Services Legal | $0 | $6,785 | $0 | $6,785 |
| Conferences and Meetings | $3,495 | $622 | $881 | $4,998 |
| Other Expenses | $1,354 | $0 | $100 | $1,454 |
| Insurance | $580 | $420 | $0 | $1,000 |
| Total Functional Expenses | $327,651 | $142,993 | $88,471 | $559,115 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $559,115 |
| Total Expenses per Audited Statements | $559,115 |
| Total Expenses per Form 990 | $559,115 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| - | Sole member | Rental house | No | $78,000 |
| Liability | Amount |
|---|---|
| Payroll liabilities | $36,148 |
| Other current liabilities | $200 |
| Operating lease liabilities | $0 |
“The Form 990 is prepared and then reviewed by the Director of Operations and Chair of the Board of Directors and signed by the Executive Director.”
“The governing documents are available upon request.”
“Contractors 68352. 14366. 46149. 7837.”
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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| IRS990/Desc | 0 | Artist in Residency Program - The House of Songs residency seeks to strengthen the ties that music naturally creates. By participating in a House of Songs residency, artists from around the world get an opportunity to live and work with peers in different genres with different backgrounds. Creating those organic connections is the heart and soul of the Houses mission. |
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| IRS990/MissionDesc | 0 | The corporation is organized for the following purposes: to bring musicians from all of the world together to create new works; to promote musical and artistic collaboration; to expand creative and cultural opportunities for the communities in which it operates; to work with cultural organizations in countries throughout the world; with similar goals; and to reduce cultural boundaries through music. |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 8000 |
| IRS990/OtherExpensesGrp/Desc | 0 | Programming |
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| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2631 |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 10525 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Program services |
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| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Songwriter Summits - Several times per year, musicians from all our regions pair with international recording artists to live together for one week and collaborate on new music. After the summit, the artists travel to international songwriting festivals to network and showcase their new materials. |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | Public Performances - The participants in the artist in residence programs and the songwriters summits play public performances of their newly written works. The performances are often held at other local cultural institutions such as museums and schools, in collaboration with other community organizations programming and directly by the organization. |
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| IRS990/ProgSrvcAccomActy3Grp/RevenueAmt | 0 | 1620 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 748639 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 360716 |
| IRS990/PYOtherRevenueAmt | 0 | 23973 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 28888 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 198102 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 242682 |
| IRS990/PYTotalExpensesAmt | 0 | 603398 |
| IRS990/PYTotalRevenueAmt | 0 | 801500 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -257827 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 20992 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 19424 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 9667 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 148161 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 239828 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 748639 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 362057 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 580010 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 348174 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2278708 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 19 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 19 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2278708 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 239828 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 748639 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 362057 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 580010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 348174 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2278708 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2278727 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| 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 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 27693 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 33850 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 61543 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 559115 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 3530 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 86551 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 90081 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 8000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Operating lease right-of-use asset |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Security deposit |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 36148 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 200 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Payroll liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Other current liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Operating lease liabilities |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 301288 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 31223 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 8000 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 559115 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 36348 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 301288 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 301288 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 559115 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt | 0 | THOS Legacy LLC |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | Sole member |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 78000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | Rental house |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | The organization pays a monthly fee for property in Bentonville, Arkansas to house the musicians for the Artists in Residency Program listed in the accomplishments to THOS Legacy, LLC, a disregarded entity. Troy Campbell, Executive Director, is the sole member of THOS Legacy, LLC. The monthly rentals were reviewed for comparability with market rentals in the respective cities and approved by vote of the independent Board of Directors of the organization. |
| IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part IV, #1 |
| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Form 990 is prepared and then reviewed by the Director of Operations and Chair of the Board of Directors and signed by the Executive Director. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The governing documents are available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Contractors 68352. 14366. 46149. 7837. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part IX, Line 11g |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 334662 |
| IRS990/TotalAssetsEOYAmt | 0 | 237745 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 334662 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 237745 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 239828 |
| IRS990/TotalEmployeeCnt | 0 | 1 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 88471 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 142993 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 327651 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 559115 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 116020 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 276930 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 116020 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 276930 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 218642 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -39185 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 327651 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 40468 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 137574 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 61460 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 301288 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 20 |
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