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Nonprofiteer
← REVERB INC

Form 990 for tax year 2023

Filed by REVERB INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$5,462,341 changed to $5,396,360
Contributions and grants received
$5,132,899 changed to $5,066,918
Total assets, end of year
$5,343,102 changed to $5,277,121
Net assets or fund balances, end of year
$4,743,671 changed to $4,677,690

Totals

Total revenue
$5,396,360
Total expenses
$4,421,332
Contributions and grants received
$5,066,918
Grants paid
$982,777
Program service revenue
$229,454
Investment income
$57,032
Other revenue
$42,956
Total assets, end of year
$5,277,121
Total liabilities, end of year
$599,431
Net assets or fund balances, end of year
$4,677,690
Program services expenses (Part IX)
$3,854,216
Management and general expenses
$465,150
Fundraising expenses
$101,966
Program service expenses (Part III)
$3,854,216

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $205,000

  • 1f · All other contributions, gifts and grants

    $4,861,918

  • 1g · Noncash contributions included above

    $1,013,761

  • 2a · Program service revenue: PROGRAM FEE

    total $205,674 · related or exempt $205,674

  • 2b · Program service revenue: SPONSORSHIP

    total $20,000 · related or exempt $20,000

  • 2c · Program service revenue: MISC REVENUE

    total $3,780 · related or exempt $3,780

  • 3 · Investment income

    total $63,858 · excluded $63,858

  • 7a · Gross sales of assets other than inventory

    securities $4,211,069

  • 7b · Less cost or other basis and sales expenses

    securities $4,217,895

  • 7c · Gain or loss

    securities -$6,826

  • 7d · Net gain or loss

    total -$6,826 · related or exempt -$6,826

  • 8a · Fundraising events: gross income

    $115,750

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $115,750 · excluded $115,750

  • 10a · Gross sales of inventory

    $1,004,128

  • 10b · Cost of goods sold

    $1,076,922

  • 10c · Net income from sales of inventory

    total -$72,794 · related or exempt -$72,794

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $804,788 · program services $804,788

  • 2 · Grants to domestic individuals

    total $102,375 · program services $102,375

  • 3 · Grants to foreign organizations and individuals

    total $75,614 · program services $75,614

  • 5 · Compensation of officers, directors and key employees

    total $297,998 · program services $238,398 · management and general $35,760 · fundraising $23,840

  • 7 · Other salaries and wages

    total $750,222 · program services $600,177 · management and general $94,650 · fundraising $55,395

  • 8 · Pension plan contributions

    total $16,441 · program services $13,153 · management and general $3,288

  • 10 · Payroll taxes

    total $83,780 · program services $67,024 · management and general $16,756

  • 11b · Fees: legal

    total $976 · management and general $976

  • 11c · Fees: accounting

    total $76,350 · management and general $76,350

  • 11f · Fees: investment management

    total $11,755 · management and general $11,755

  • 11g · Fees: other

    total $126,805 · program services $93,434 · management and general $33,371

  • 12 · Advertising and promotion

    total $13,243 · program services $13,243

  • 13 · Office expenses

    total $110,547 · program services $67,433 · management and general $43,114

  • 14 · Information technology

    total $19,697 · program services $11,477 · management and general $8,220

  • 16 · Occupancy

    total $35,837 · management and general $33,779 · fundraising $2,058

  • 17 · Travel

    total $219,778 · program services $210,006 · management and general $9,772

  • 22 · Depreciation, depletion and amortization

    total $16,506 · program services $6,497 · management and general $9,452 · fundraising $557

  • 23 · Insurance

    total $17,109 · program services $3,135 · management and general $13,974

  • 24a · Other expenses: ECO ITEMS

    total $1,042,283 · program services $1,042,283

  • 24b · Other expenses: EQUIPMENT RENTAL AND RE

    total $247,455 · program services $247,455

  • 24c · Other expenses: CONTRACT LABOR

    total $206,396 · program services $167,337 · management and general $23,435 · fundraising $15,624

  • 24d · Other expenses: SUPPLIES

    total $75,552 · program services $48,999 · management and general $26,553

  • 24e · All other expenses

    total $69,825 · program services $41,388 · management and general $23,945 · fundraising $4,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,999,550 · end of year $1,650,434

  • 2 · Savings and temporary cash investments

    beginning of year $2,744 · end of year $1,005,484

  • 3 · Pledges and grants receivable

    beginning of year $690,252 · end of year $741,347

  • 4 · Accounts receivable

    beginning of year $374,436 · end of year $13,410

  • 8 · Inventories for sale or use

    beginning of year $107,299 · end of year $78,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125 · end of year $908

  • 10a · Land, buildings and equipment: cost or other basis

    $184,019

  • 10b · Land, buildings and equipment: accumulated depreciation

    $162,364

  • 10c · Land, buildings and equipment, net

    beginning of year $29,631 · end of year $21,655

  • 11 · Investments: publicly traded securities

    beginning of year $1,625,620 · end of year $1,765,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,361,994 · end of year $599,431

  • 27 · Net assets without donor restrictions

    beginning of year $3,466,474 · end of year $4,676,013

  • 28 · Net assets with donor restrictions

    beginning of year $1,189 · end of year $1,677

Mission and programs · 2023

Mission

DEEPLY ROOTED WITHIN THE MUSIC AND ENVIRONMENTAL COMMUNITIES, REVERB EDUCATES AND ENGAGES MUSICIANS AND THEIR FANS TO TAKE ACTION TOWARD A MORE SUSTAINABLE FUTURE.

Activities or mission (Part I)

REVERB ENGAGES MUSICIANS AND THEIR FANS TO TAKE ACTION TOWARD A MORE SUSTAINABLE FUTURE.

  • DURING 2023, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS PROGRAMS AND ARTISTS: MUSIC DECARBONIZATION PROJECT, DEAD & COMPANY AND THE 1975.REVERB LAUNCHED OUR MUSIC DECARBONIZATION PROJECT WHICH WORKS TO ADVANCE INNOVATIVE CLIMATE SOLUTIONS TO DIRECTLY ELIMINATE CARBON EMISSIONS CREATED BY THE MUSIC INDUSTRY. THE FUNDING RAISED FOR THIS PROJECT HELPS DEVELOP AND PROMOTE THE NECESSARY SHIFT TOWARD INCREASED EFFICIENCY, EXPANDING CLEAN ENERGY OPTIONS, AND REDUCING GREENHOUSE GAS POLLUTION WITH A FOCUS ON THE UNIQUE CLIMATE CHALLENGES OF MUSIC. IN 2023, WE HAD THE HONOR OF JOINING FORCES WITH BILLIE EILISH TO BRING CLEAN ENERGY TO THE MAIN STAGE AT THE LOLLAPALOOZA FESTIVAL. INTELLIGENT BATTERY SYSTEMS, CHARGED VIA A TEMPORARY ON-SITE SOLAR ARRAY, POWERED KEY COMPONENTS OF BILLIE'S 80-MINUTE HEADLINE SET. THE ZERO-EMISSION TECHNOLOGY REDUCED THE USE OF HIGHLY POLLUTING DIESEL GENERATORS. ADDITIONALLY, WE HAD THE OPPORTUNITY TO WORK WITH WILLIE NELSON AT HIS LUCK REUNION AND WERE ABLE TO POWER ALL FOUR FESTIVAL STAGES WITH SOLAR-CHARGED INTELLIGENT BATTERY SYSTEMS. FINALLY, REVERB'S MUSIC DECARBONIZATION PROJECT HELPED FUND, DEVELOP AND BUILD 100% SOLAR POWERED NEXT-GENERATION FESTIVAL LIGHT TOWERS, WITH OUR PARTNERS AT OVERDRIVE ENERGY SOLUTIONS, TO REPLACE TRADITIONAL DIESEL-POWERED UNITS. THESE NEW ZERO-EMISSIONS TOWERS DRASTICALLY REDUCE FUEL CONSUMPTION AND RELATED GREENHOUSE GAS EMISSIONS AT FESTIVALS.

    Expenses $323,340

  • IN 2023, REVERB AGAIN WORKED WITH THE ICONIC MUSICIANS IN DEAD & CO. REVERB WAS THE PRODUCTION ARM BEHIND "PARTICIPATION ROW" ALONG WITH OUR VOTER REGISTRATION PARTNERS AT HEADCOUNT. DURING THIS TOUR THERE WERE 58,000+ FAN ACTIONS TAKEN; $3.6 MILLION RAISED FOR DEAD & CO. CHARITY ORGANIZATIONS; 35,000+ SINGLE-USE BOTTLES ELIMINATED AT SHOWS, FUNDING SUPPORT TO DIVERSE GLOBAL PROJECTS ELIMINATING GREENHOUSE GAS SUCH AS GIVEPOWER'S KENYA SOLAR WATER FARM, NATIVEENERGY'S MEXICAN BIODIGESTER PROJECT, NATIVE RENEWABLE'S HOZHO HOMES PROGRAM, AND URBAN TILTH'S SUSTAINABLE FOOD PROGRAMMING; 56 NONPROFIT ORGANIZATIONS AND PARTNERS WERE SUPPORTED; AND 745 VOLUNTEERS GAVE OVER 3,000+ HOURS TO HELP RAISE AWARENESS ABOUT OUR WORK ON THIS TOUR. IT WAS AN INCREDIBLE EXPERIENCE TO BE ON THE ROAD AND BE ABLE TO CREATE PROGRAMMING FOR ARTISTS WHO HAVE LED THE CHARGE WITHIN THE MUSIC INDUSTRY AS CULTURAL CHANGE MAKERS SINCE THE 1960'S.

    Expenses $1,235,159 · Grants $565,509 · Revenue -$8,361

  • REVERB HAS PARTNERED WITH THE 1975 AND WE ACHIEVED SO MUCH ON THEIR TOUR. DURING OUR TIME OUT ON THE ROAD WITH THEM THERE WERE 22,450+ DISPOSABLE PLASTIC WATER BOTTLES DIVERTED FROM THE LANDFILL BY FANS, ARTIST AND CREW; 36 NONPROFITS HOSTED AT SHOWS; 2,770+ "FAN TRAVEL SURVEY" SUBMITTED TO HELP US LEARN MORE ABOUT FAN TRAVEL HABITS AND THEIR ASSOCIATED CARBON EMISSIONS. IT WAS TRULY SUCH AN IMPACTFUL TOUR FOR BOTH PEOPLE AND THE PLANET!

    Expenses $56,481 · Revenue -$10,163

  • Expenses $2,239,236 · Grants $417,268 · Revenue -$54,270

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Boyd Diane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gardner Adam

    CO-DIRECTOR

    Total calculated
    $142,939
    From this org
    $139,125
    From related orgs
    $0
    Other
    $3,814
    Hours/week
    40

  • Johnson Andrew M

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Schair-Cardona Erica

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sullivan Lauren

    CO-DIRECTOR/PRESIDENT

    Total calculated
    $142,939
    From this org
    $139,125
    From related orgs
    $0
    Other
    $3,814
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
21 November 2024
IRS schema version
2023v5.1
Source object
202423279349300917

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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