Civic Intelligence

Sandbox Percussion Inc.

990 • Fiscal year 2023 • EIN 83-3157939

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

169 54th StreetBrooklyn, NY 11220

(302) 632-1840

Siviq Scores

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

Liabilities / Assets

86th percentile

0.48x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.29x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$40,000

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

95th percentile

191%

Faster asset growth than 95% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

17%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$324,169

Up $212,709 (+191%) from 2022

Net Assets

Up

$167,314

Up $76,765 (+85%) from 2022

Liabilities

Up

$156,855

Up $135,944 (+650%) from 2022

Revenue

Up

$541,197

Up $80,590 (+17%) from 2022

Expenses

Up

$464,432

Up $62,324 (+15%) from 2022

Net Income

Up

$76,765

Up $18,266 (+31%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2019: $25,015Liabilities 2019: $0Net Assets 2019: $25,0152019Assets 2020: $18,672Liabilities 2020: $1,204Net Assets 2020: $17,4682020Assets 2021: $36,759Liabilities 2021: $4,709Net Assets 2021: $32,0502021Assets 2022: $111,460Liabilities 2022: $20,911Net Assets 2022: $90,5492022Assets 2023: $324,169Liabilities 2023: $156,855Net Assets 2023: $167,3142023Assets 2024: $337,815Liabilities 2024: $163,539Net Assets 2024: $174,2762024Assets 2025: $296,016Liabilities 2025: $115,221Net Assets 2025: $180,7952025

Highlighted filing

2023

Assets$324,169
Liabilities$156,855
Net Assets$167,314

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $43,368Expenses 2019: $38,188Net Income 2019: $5,1802019Revenue 2020: $143,489Expenses 2020: $153,854Net Income 2020: -$10,3652020Revenue 2021: $245,884Expenses 2021: $233,291Net Income 2021: $12,5932021Revenue 2022: $460,607Expenses 2022: $402,108Net Income 2022: $58,4992022Revenue 2023: $541,197Expenses 2023: $464,432Net Income 2023: $76,7652023Revenue 2024: $302,083Expenses 2024: $295,121Net Income 2024: $6,9622024Revenue 2025: $611,553Expenses 2025: $606,684Net Income 2025: $4,8692025

Highlighted filing

2023

Revenue$541,197
Expenses$464,432
Net Income$76,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$541,197
Mission and Program Overview

Mission

Sandbox Percussion is a percussion quartet that curates musical experiences by taking on creative challenges, transforming them into meaningful art, and sharing this process and its results with our community of listeners, collaborators, students,and mentors.

Sandbox percussion expands the breadth and depth of the percussion form through commissions of original work that broaden representation in chamber music. We create new musical experiences by transforming creative challenges into meaningful art that is shared with our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$11,574$85,091▲ $73,517
Cash and Non-Interest-Bearing Accounts$79,105$62,450▼ $16,655
Land, Buildings, and Equipment, Net$15,831$14,739▼ $1,092
Prepaid Expenses and Deferred Charges-$11,041-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$111,460$324,169▲ $212,709
Other Assets Total$4,950$150,848▲ $145,898
Liabilities
Other Liabilities$4,347$148,077▲ $143,730
Accounts Payable and Accrued Expenses$1,964$6,678▲ $4,714
Deferred Revenue$14,600$2,100▼ $12,500
Total Liabilities$20,911$156,855▲ $135,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$85,669$157,814▲ $72,145
Net Assets With Donor Restrictions$4,880$9,500▲ $4,620
Total Net Assets Fund Balance$90,549$167,314▲ $76,765
Total Liabilities and Net Assets / Fund Balance$111,460$324,169▲ $212,709

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,739$1,637$16,376
Other Assets Org$4,950--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ian RosenbaumBoard MemberFT$40,000$40,000
Jonathan AllenBoard MemberFT$40,000$40,000
Terrence SweeneyBoard MemberFT$40,000$40,000
Victor CacceseBoard MemberFT$40,000$40,000

Board Members and Trustees

NameTitle
Jason TreutingBoard Member
Johanan OttensooserBoard Member
Mark DechiazzaBoard Member
Robert SirotaBoard Member
Tomo MatsuoBoard Member
Laifun ChungSecretary
Linda RappaportTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$199,185
Program Service Revenue
$315,637
Investment Income
$0
Other Revenue
$26,375
All Other Contributions
$108,135
Change in Net Assets
$76,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$291,446
Salaries, Compensation, and Employee Benefits$172,986
Total Fundraising Expense$15,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$120,000$32,000$8,000$160,000
Travel$76,896--$76,896
Occupancy$28,192$7,518$1,879$37,589
Advertising$25,708--$25,708
Payroll Taxes$9,740$2,597$649$12,986
Insurance$8,389$2,237$559$11,185
Depreciation Depletion$819$218$55$1,092
Other Expenses$5,988$592$127$719
Total Functional Expenses$372,039$76,902$15,491$464,432
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease long-term liabilities$120,771
Operating lease current liabilities$27,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization provides a complete copy of the Form 990 to all members of its governing body before filing, and reviews it together.

Form 990, Part VI, Section B, Line 12C

The organization regularly monitors compliance with the conflict of interest policy through quarterly artistic/financial committee meetings and board meetings where all voting members of the governing body confirm that they are acting within the best interest of the organization. Officers and directors communicate and confirm that no individual is in a position to exploit a professional or official capacity in some way for his or her personal benefit.

Form 990, Part VI, Section B, Line 15A

The four key ensemble members' compensation and salary is reviewed in each board meeting by the board and recorded in the minutes.

Form 990, Part VI, Section B, Line 15B

The four key ensemble members' compensation and salary is reviewed in each board meeting by the board and recorded in the minutes.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Sandbox Percussion Inc
EIN
83-3157939
Phone
3026321840
Address
169 54TH STREET, BROOKLYN, NY 11220

Signing Officer

Name
Victor Caccese
Title
Board Member
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Caccese
Formed
2017
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
7
Employees
4

Preparer

Firm
Zelin & Associates CPA LLC
Address
555 8th Ave Ste 2203, New York, NY 10018
Preparer
Steven Zelin CPA
Phone
6466784496
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

In November 2017, Sandbox Percussion received approval to be treated as a nonprofit organization under Section 501(c)(3) of the Internal Revenue Code and therefore is exempt from federal income taxes on related income. As such, no provisions for income taxes have been made in the financial statements. Sandbox Percussion has no uncertain tax positions as of December 31, 2022 in accordance with Accounting Standards Codification Topic 740, "Income Taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions. Sandbox Percussion is no longer subject to federal or state and local income tax examinations by tax authorities for years before 2021.

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IRS990/ProgSrvcAccomActy3Grp/Desc0We released our 4th album featuring a piece of music called WILDERNESS by Jerome Begin. We released the album in the Fall 2023.
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