Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Sound Studios Olympia
990EZ • Fiscal year 2023 • EIN 83-2858437
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 30.2% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Balance Sheet
Assets
Down$12,694
Down $965 (-7.1%) from 2022
Net Assets
Down$12,694
Down $965 (-7.1%) from 2022
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$142,600
Up $41,607 (+41%) from 2022
Expenses
Up$143,565
Up $54,983 (+62%) from 2022
Net Income
Down-$965
Down $13,376 (-108%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2022 to Jul 31, 2023
- Signed
- Sep 3, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $142,600
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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Provided private music lessons to about 200 students over the past year. | - | $143,565 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Shawn R Meloy | President | FT | $43,042 | - | $43,042 |
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 Robert Meloy
- Title
- President
- Phone
- 3607062625
- Signed
- 2023-09-03
Raw XML Appendix115 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Shawn R Meloy |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3608783566 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 123 4th Ave W |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | 406 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Olympia |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 98501 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 13659 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12694 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 4693 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -965 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 64923 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 13659 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 12694 |
| IRS990EZ/GrossReceiptsAmt | 0 | 142600 |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 2500 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 13659 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 12694 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 13659 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 12694 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 32600 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 43042 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Shawn R Meloy |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherEmployeePaidOver100kCnt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3000 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 137907 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Provided private music lessons to about 200 students over the past year. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 143565 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 43042 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | true |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 143565 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 143565 |
| IRS990EZ/TotalRevenueAmt | 0 | 142600 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://www.soundstudiosolympia.org |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 0 |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | false |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | false |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | false |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | false |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | Our nondiscrimination policy is publicly available on the homepage of our website. It is also in our Studio Policy which new students/families are given when they register. It is also in our contract for teachers. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | We don't utilize printed materials. We have not offered any scholarships. We have a fee reduction program for students who cannot afford lessons but have not had anyone apply. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, Line 4d |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 2374 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | General operations |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 2500 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Sandra Halstrom |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | Board member |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 2374 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Shawn Robert Meloy |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3607062625 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-09-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOUND STUDIOS OLYMPIA |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOUN |
| ReturnHeader/Filer/EIN | 0 | 832858437 |
| ReturnHeader/Filer/PhoneNum | 0 | 3607062625 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 524 Jefferson St SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Olympia |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 98501 |
| ReturnHeader/ReturnTs | 0 | 2023-09-04T12:37:23Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-08-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-07-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $12,694
- Liabilities
- -
- Net assets
- $12,694
- Revenue
- $142,600
- Expenses
- $143,565
- Net income
- -$965
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.13 | $0.13 | $1.90 | $1.90 | $0.01 | |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.13 | $0.13 | $1.43 | $1.44 | $0.01 | |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.14 | $0.14 | $1.01 | $0.89 | $0.12 | |