Civic Intelligence

Sounding Point Foundation Corp

EIN 88-1441894 • 501(c)3 • Ann Arbor, MI

Pub. 78 Eligible

Profile

The Sounding Point Foundation (SPF), dba Sounding Point Academy, helps youths develop musical skills. In the Los Angeles areas, SPF will raise funds to hold festivals for students and professional musicians to participate in masterclasses, lessons and performances. SPF's activities will further its exempt purposes as the audiences will witness the students' onstage performances improved by the quality education.

3062 N Spurway DrAnn Arbor, MI 48105

www.soundingpointacademy.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

76th percentile

21%

Faster asset growth than 76% of similar nonprofits.

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

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$114,956

Up $20,033 (+21%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$114,956

Up $20,033 (+21%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin77th percentile

Revenue

Up

$85,000

Up $25,000 (+42%) from 2023

Expenses

Up

$64,967

Up $19,925 (+44%) from 2023

Net Income

Up

$20,033

Up $5,075 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$150K$100K$50K$0Assets 2022: $80,965Liabilities 2022: $1,000Net Assets 2022: $79,9652022Assets 2023: $94,923Liabilities 2023: $0Net Assets 2023: $94,9232023Assets 2024: $114,956Liabilities 2024: $0Net Assets 2024: $114,9562024

Highlighted filing

2024

Assets$114,956
Liabilities$0
Net Assets$114,956
Open 2024 Filing

Operations Trend

Revenue Growth82nd percentile

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

$100K$50K$0Revenue 2022: $80,000Expenses 2022: $35Net Income 2022: $79,9652022Revenue 2023: $60,000Expenses 2023: $45,042Net Income 2023: $14,9582023Revenue 2024: $85,000Expenses 2024: $64,967Net Income 2024: $20,0332024

Highlighted filing

2024

Revenue$85,000
Expenses$64,967
Net Income$20,033
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$114,956
Liabilities
$0
Net assets
$114,956
Revenue
$85,000
Expenses
$64,967
Net income
$20,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.85$0.65$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.60$0.45$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.80$0.00$0.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$85,000
Mission and Program Overview

Mission

The sounding point foundation (spf), dba sounding point academy, helps youths develop musical skills. In the los angeles areas, spf will raise funds to hold festivals for students and professional musicians to participate in masterclasses, lessons and performances. Spf's activities will further its exempt purposes as the audiences will witness the students' onstage performances improved by the quality education.

Program Services

DescriptionGrantsExpenses
THE SOUNDING POINT FOUNDATION (SPF), DBA SOUNDING POINT ACADEMY, HELPS YOUTHS DEVELOP MUSICAL SKILLS. IN THE LOS ANGELES AREAS, SPF WILL RAISE FUNDS TO HOLD FESTIVALS FOR STUDENTS AND PROFESSIONAL MUSICIANS TO PARTICIPATE IN MASTERCLASSES, LESSONS AND PERFORMANCES. SPF'S ACTIVITIES WILL FURTHER ITS EXEMPT PURPOSES AS THE AUDIENCES WILL WITNESS THE STUDENTS' ONSTAGE PERFORMANCES IMPROVED BY THE QUALITY EDUCATION.$63,750$64,967
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
FABIOLA KIMPresident & CEOPT$0--
ROBERT LIPSETTDirectorPT$0--
STEVE LIPSETTDirectorPT$0--
SUNGEUN CHODirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Sounding Point Foundation Corp
EIN
88-1441894
Phone
5512060968
Address
3062 N SPURWAY DR, ANN ARBOR, MI 48105

Signing Officer

Name
Fabiola Kim
Title
Executive Director
Phone
5512060968
Signed
2025-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Andrew Park Consulting Inc
Address
7545 IRVINE CENTER DR STE 200, IRVINE, CA 92618
Preparer
Andrew Parkcpaesq
Phone
8188643192
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: charitable donation towards sounding point academy at the colburn school. Grantee name: colburn school. Grantee address: 200 south grand avenue los angeles, ca 90012. Property description: cash. Date of gift: 07/25/24. Amount given: 63,750.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: office expenses. Amount: 689. Description: taxes expense. Amount: 25. Description: penalties expense. Amount: 203. Description: miscellaneous expense. Amount: 300. Total to form 990-ez, line 16: 1,217.”

Raw XML Appendix143 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/StateAbbreviationCd0MI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0FABIOLA KIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ROBERT LIPSETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2STEVE LIPSETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SUNGEUN CHO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01217
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE SOUNDING POINT FOUNDATION (SPF), DBA SOUNDING POINT ACADEMY, HELPS YOUTHS DEVELOP MUSICAL SKILLS. IN THE LOS ANGELES AREAS, SPF WILL RAISE FUNDS TO HOLD FESTIVALS FOR STUDENTS AND PROFESSIONAL MUSICIANS TO PARTICIPATE IN MASTERCLASSES, LESSONS AND PERFORMANCES. SPF'S ACTIVITIES WILL FURTHER ITS EXEMPT PURPOSES AS THE AUDIENCES WILL WITNESS THE STUDENTS' ONSTAGE PERFORMANCES IMPROVED BY THE QUALITY EDUCATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE SOUNDING POINT FOUNDATION (SPF), DBA SOUNDING POINT ACADEMY, HELPS YOUTHS DEVELOP MUSICAL SKILLS. IN THE LOS ANGELES AREAS, SPF WILL RAISE FUNDS TO HOLD FESTIVALS FOR STUDENTS AND PROFESSIONAL MUSICIANS TO PARTICIPATE IN MASTERCLASSES, LESSONS AND PERFORMANCES. SPF'S ACTIVITIES WILL FURTHER ITS EXEMPT PURPOSES AS THE AUDIENCES WILL WITNESS THE STUDENTS' ONSTAGE PERFORMANCES IMPROVED BY THE QUALITY EDUCATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt063750
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt064967
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt085000
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.SOUNDINGPOINTACADEMY.COM
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION IS WITHIN ITS FIRST, SECOND, THIRD, FOURTH, OR FIFTH TAX YEAR AS A SECTION 501(C)(3) ORGANIZATION. SO IT IS EXEMPTED FROM COMPLETING SEC. C, COMPUTATION OF PUBLIC SUPPORT PERCENTAGE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt085000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt060000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt080000
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt085000
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0225000
IRS990ScheduleA/TotalSupportAmt0225000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: CHARITABLE DONATION TOWARDS SOUNDING POINT ACADEMY AT THE COLBURN SCHOOL. GRANTEE NAME: COLBURN SCHOOL. GRANTEE ADDRESS: 200 SOUTH GRAND AVENUE LOS ANGELES, CA 90012. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 07/25/24. AMOUNT GIVEN: 63,750.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OFFICE EXPENSES. AMOUNT: 689. DESCRIPTION: TAXES EXPENSE. AMOUNT: 25. DESCRIPTION: PENALTIES EXPENSE. AMOUNT: 203. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 300. TOTAL TO FORM 990-EZ, LINE 16: 1,217.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FABIOLA KIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05512060968
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUNDING POINT FOUNDATION CORP
ReturnHeader/Filer/BusinessNameControlTxt0SOUN
ReturnHeader/Filer/EIN0881441894
ReturnHeader/Filer/PhoneNum05512060968
ReturnHeader/Filer/USAddress/AddressLine1Txt03062 N SPURWAY DR
ReturnHeader/Filer/USAddress/CityNm0ANN ARBOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048105
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0270161276
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDREW PARK CONSULTING INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07545 IRVINE CENTER DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0IRVINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092618
ReturnHeader/PreparerPersonGrp/PhoneNum08188643192
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW PARKCPAESQ
ReturnHeader/ReturnTs02025-05-12T03:45:05-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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