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Nonprofiteer
← BLACK FRET SONIC GUILD

Form 990 for tax year 2024

Filed by BLACK FRET SONIC GUILD.

Totals

Total revenue
$1,314,308
Total expenses
$1,538,318
Contributions and grants received
$1,026,291
Grants paid
$395,500
Program service revenue
$288,017
Investment income
$0
Other revenue
$0
Total assets, end of year
$553,119
Total liabilities, end of year
$19,313
Net assets or fund balances, end of year
$533,806
Program services expenses (Part IX)
$1,029,751
Management and general expenses
$270,953
Fundraising expenses
$237,614
Program service expenses (Part III)
$1,029,751

Program services were 66.9% 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

    $250,176

  • 1e · Government grants (contributions)

    $6,500

  • 1f · All other contributions, gifts and grants

    $769,615

  • 2a · Program service revenue: SPONSORSHIPS

    total $185,258 · related or exempt $185,258

  • 2b · Program service revenue: EVENT FEES

    total $102,759 · related or exempt $102,759

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $395,500 · program services $395,500

  • 5 · Compensation of officers, directors and key employees

    total $90,500 · program services $33,850 · management and general $27,150 · fundraising $29,500

  • 7 · Other salaries and wages

    total $335,401 · program services $177,017 · management and general $46,430 · fundraising $111,954

  • 10 · Payroll taxes

    total $40,877 · program services $22,110 · management and general $6,800 · fundraising $11,967

  • 11a · Fees: management

    total $60,917 · program services $33,214 · management and general $3,352 · fundraising $24,351

  • 11b · Fees: legal

    total $2,700 · management and general $2,700

  • 11c · Fees: accounting

    total $101,986 · management and general $101,986

  • 11g · Fees: other

    total $54,288 · fundraising $54,288

  • 12 · Advertising and promotion

    total $23,268 · program services $7,024 · management and general $10,690 · fundraising $5,554

  • 17 · Travel

    total $6,630 · management and general $6,630

  • 23 · Insurance

    total $10,472 · management and general $10,472

  • 24a · Other expenses: EVENT EXPENSES

    total $199,771 · program services $199,771

  • 24b · Other expenses: ARTIST PERFORMANCES

    total $142,515 · program services $142,515

  • 24c · Other expenses: OTHER SG&A

    total $40,893 · management and general $40,893

  • 24d · Other expenses: ADVISOR PROGRAM EXPENSE

    total $18,750 · program services $18,750

  • 24e · All other expenses

    total $13,850 · management and general $13,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $796,831 · end of year $553,095

  • 15 · Other assets

    beginning of year $127 · end of year $24

  • 25 · Other liabilities

    beginning of year $39,142 · end of year $19,313

  • 27 · Net assets without donor restrictions

    beginning of year $645,575 · end of year $408,806

  • 28 · Net assets with donor restrictions

    beginning of year $112,241 · end of year $125,000

Mission and programs · 2024

Mission

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

  • PERFORMANCES: BLACK FRET HOSTED 70 PERFORMANCES IN A VARIETY OF VENUES AND ONLINE LIVE STREAMS WHICH FEATURED 145 BANDS TOTALLING 435 MUSICIANS.

    Expenses $615,501 · Revenue $288,017

  • ARTIST GRANTS: IN 2024, BLACK FRET PAID OUT $395,500 IN GRANTS TO MUSICIANS.

    Expenses $395,500 · Grants $395,500

  • 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 $18,750

As filed on the 2024 return.

Listed in Part VII

  • COLIN KENDRICK

    BOARD CHAIR & PRESIDENT

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MATTHEW OTT

    BOARD VICE-CHAIR & VICE PR

    Total calculated
    $108,000
    From this org
    $108,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MATT MCDONNELL

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • BEN LONDON

    EXECUTIVE DIRECTOR

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

  • 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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349306721

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