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Nonprofiteer
← BLACK FRET SONIC GUILD

Form 990 for tax year 2022

Filed by BLACK FRET SONIC GUILD.

Totals

Total revenue
$1,993,547
Total expenses
$2,032,447
Contributions and grants received
$1,520,954
Grants paid
$238,810
Program service revenue
$472,593
Investment income
$0
Other revenue
$0
Total assets, end of year
$650,764
Total liabilities, end of year
$27,414
Net assets or fund balances, end of year
$623,350
Program services expenses (Part IX)
$1,426,704
Management and general expenses
$392,168
Fundraising expenses
$213,575
Program service expenses (Part III)
$1,426,704

Program services were 70.2% 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.

  • 1b · Membership dues

    $475,178

  • 1e · Government grants (contributions)

    $190,221

  • 1f · All other contributions, gifts and grants

    $855,555

  • 1g · Noncash contributions included above

    $1,500

  • 2a · Program service revenue: SPONSORSHIPS

    total $268,900 · related or exempt $268,900

  • 2b · Program service revenue: EVENT FEES

    total $194,193 · related or exempt $194,193

  • 2c · Program service revenue: NEW MEMBER FEES

    total $9,500 · related or exempt $9,500

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $238,810 · program services $238,810

  • 5 · Compensation of officers, directors and key employees

    total $204,000 · program services $71,400 · management and general $71,400 · fundraising $61,200

  • 7 · Other salaries and wages

    total $148,166 · program services $72,708 · management and general $38,433 · fundraising $37,025

  • 10 · Payroll taxes

    total $30,989 · program services $13,048 · management and general $9,358 · fundraising $8,583

  • 11a · Fees: management

    total $91,738 · program services $51,410 · management and general $32,888 · fundraising $7,440

  • 11c · Fees: accounting

    total $117,061 · management and general $117,061

  • 11g · Fees: other

    total $75,757 · fundraising $75,757

  • 12 · Advertising and promotion

    total $62,617 · program services $10,666 · management and general $28,381 · fundraising $23,570

  • 16 · Occupancy

    total $8,000 · management and general $8,000

  • 17 · Travel

    total $28,252 · management and general $28,252

  • 23 · Insurance

    total $687 · management and general $687

  • 24a · Other expenses: EVENT EXPENSES

    total $621,145 · program services $621,145

  • 24b · Other expenses: ARTIST PERFORMANCES

    total $317,517 · program services $317,517

  • 24c · Other expenses: OTHER SG&A

    total $32,904 · management and general $32,904

  • 24d · Other expenses: ADVISOR PROGRAM EXPENSE

    total $30,000 · program services $30,000

  • 24e · All other expenses

    total $24,804 · management and general $24,804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $792,318 · end of year $649,764

  • 15 · Other assets

    beginning of year $1,000 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $31,068 · end of year $27,414

  • 27 · Net assets without donor restrictions

    beginning of year $662,250 · end of year $573,350

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $50,000

Mission and programs · 2022

Mission

SONIC GUILD BUILDS COMMUNITIES TO SUPPORT THE CREATION AND PERFORMANCE OF EXTRAORDINARY NEW MUSIC.

  • PERFORMANCES: BLACK FRET HOSTED 126 PERFORMANCES IN A VARIETY OF VENUES AND ONLINE LIVE STREAMS WHICH FEATURED 106 BANDS TOTALLING 318 MUSICIANS.

    Expenses $1,157,894 · Revenue $472,593

  • ARTIST GRANTS: IN 2022, BLACK FRET PAID OUT $238,810 IN GRANTS TO MUSICIANS.

    Expenses $238,810 · Grants $238,810

  • ARTIST MENTOR PROGRAM: LED BY A VETERAN MUSIC INDUSTRY ARTIST/MANAGER, SONIC GUILD TAPS INTO THE EXPERTISE OF SCORES OF MUSIC INDUSTRY EXPERTS AND PROFESSIONAL SERVICE PROVIDERS TO ENABLE CAREER DEVELOPMENT FOR OUR ARTISTS.

    Expenses $30,000

As filed on the 2022 return.

Listed in Part VII

  • Colin Kendrick

    BOARD CHAIR & PRESIDENT

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Matthew Ott

    BOARD VICE-CHAIR & VICE PR

    Total calculated
    $102,000
    From this org
    $102,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Matt McDonnell

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Fay Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tracie Verlinde

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349323772

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