Civic Intelligence

Sound Studios Olympia

EIN 83-2858437 • 501(c)3 • Olympia, WA

Pub. 78 Eligible990-N Coverage

Profile

We teach music lessons and classes as well as hold performances for our community because we believe that we learn music to share it. This benefits the students who are mostly children, builds confidence, and gives families a fun experience to share. Over the past year we have helped some students who could not afford lessons as well as worked with Treehouse for Kids to offer lessons to a student who was in the foster care system.

524 Jefferson St SEOlympia, WA 98501

www.soundstudiosolympia.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

47th percentile

0.3%

Higher net margin than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$52,313

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

62nd percentile

4.9%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

33%

Faster revenue growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$13,311

Up $617 (+4.9%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$13,311

Up $617 (+4.9%) from 2023

Revenue

Up

$190,228

Up $47,628 (+33%) from 2023

Expenses

Up

$189,611

Up $46,046 (+32%) from 2023

Net Income

Up

$617

Up $1,582 (+164%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2022: $13,659Net Assets 2022: $13,6592022Assets 2023: $12,694Net Assets 2023: $12,6942023Assets 2024: $13,311Net Assets 2024: $13,3112024

Highlighted filing

2024

Assets$13,311
Liabilities-
Net Assets$13,311

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2022: $100,993Expenses 2022: $88,582Net Income 2022: $12,4112022Revenue 2023: $142,600Expenses 2023: $143,565Net Income 2023: -$9652023Revenue 2024: $190,228Expenses 2024: $189,611Net Income 2024: $6172024

Highlighted filing

2024

Revenue$190,228
Expenses$189,611
Net Income$617

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jul 31, 2024
Return Version
2023v5.0
Gross Receipts
$22,892
Mission and Program Overview

Mission

We teach music lessons and classes as well as hold performances for our community because we believe that we learn music to share it. This benefits the students who are mostly children, builds confidence, and gives families a fun experience to share. Over the past year we have helped some students who could not afford lessons as well as worked with Treehouse for Kids to offer lessons to a student who was in the foster care system.

We give private music lessons and classes to students, especially children, in our area. We then afford these students opportunities to perform in public to share their music with the community, friends, and family. This year we have started a more aggressive approach to seeking students who cannot afford lessons and have reached out to schools, local organizations like the youth center in Olympia, WA, as well as posted signs up at our mall location. We have a goal of signing on a large number of new students this year who will get large discounts for their lessons while still being able to participate in our activities and performances. Central to our work is that music is more than just an academic experience or cerebral, but it is communal and social. It is very human and so we strive to be able to bring that to everyone we can, regardless of their ability to pay.

Program Services

DescriptionGrantsExpenses
We continue to offer wonderful music lessons and classes to students, including those who cannot afford them. We use our resources to locate and rent a performance hall, pay for an accompanist if needed, all so that the burden of paying for the experience is lifted.$0$3,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shawn R MeloyPresidentFT$52,313-$52,313
Sandra HalstromSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Sound Studios Olympia
EIN
83-2858437
Phone
3607062625
Address
524 Jefferson St SE, Olympia, WA 98501

Signing Officer

Name
Shawn R Meloy
Title
President
Phone
3607062625
Signed
2024-07-31
Raw XML Appendix93 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/CityNm0Olympia
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt015216
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PrimaryExemptPurposeTxt0We give private music lessons and classes to students, especially children, in our area. We then afford these students opportunities to perform in public to share their music with the community, friends, and family. This year we have started a more aggressive approach to seeking students who cannot afford lessons and have reached out to schools, local organizations like the youth center in Olympia, WA, as well as posted signs up at our mall location. We have a goal of signing on a large number of new students this year who will get large discounts for their lessons while still being able to participate in our activities and performances. Central to our work is that music is more than just an academic experience or cerebral, but it is communal and social. It is very human and so we strive to be able to bring that to everyone we can, regardless of their ability to pay.
IRS990EZ/ProgramServiceRevenueAmt0185928
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.soundstudiosolympia.org
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SupportedOrganizationsCnt00
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ReturnHeader/Filer/PhoneNum03607062625
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ReturnHeader/Filer/USAddress/CityNm0Olympia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098501
ReturnHeader/ReturnTs02024-08-01T16:48:11Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-08-01
ReturnHeader/TaxPeriodEndDt02024-07-31
ReturnHeader/TaxYr02023

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