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Nonprofiteer
← REVERB INC

Form 990 for tax year 2022

Filed by REVERB INC.

Totals

Total revenue
$5,653,783
Total expenses
$4,632,961
Contributions and grants received
$4,859,964
Grants paid
$1,550,614
Program service revenue
$716,276
Investment income
$12,100
Other revenue
$65,443
Total assets, end of year
$4,829,657
Total liabilities, end of year
$1,361,994
Net assets or fund balances, end of year
$3,467,663
Program services expenses (Part IX)
$4,167,214
Management and general expenses
$356,091
Fundraising expenses
$109,656
Program service expenses (Part III)
$4,167,214

Program services were 89.9% 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.

  • 1f · All other contributions, gifts and grants

    $4,859,964

  • 1g · Noncash contributions included above

    $973,440

  • 2a · Program service revenue: PROGRAM FEE

    total $543,940 · related or exempt $543,940

  • 2b · Program service revenue: SPONSORSHIP

    total $126,025 · related or exempt $126,025

  • 2c · Program service revenue: MISC REVENUE

    total $46,311 · related or exempt $46,311

  • 3 · Investment income

    total $27,384 · excluded $27,384

  • 7a · Gross sales of assets other than inventory

    securities $452,546

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

    securities $467,830

  • 7c · Gain or loss

    securities -$15,284

  • 7d · Net gain or loss

    total -$15,284 · excluded -$15,284

  • 10a · Gross sales of inventory

    $877,401

  • 10b · Cost of goods sold

    $811,958

  • 10c · Net income from sales of inventory

    total $65,443 · related or exempt $65,443

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,291,230 · program services $1,291,230

  • 2 · Grants to domestic individuals

    total $232,074 · program services $232,074

  • 3 · Grants to foreign organizations and individuals

    total $27,310 · program services $27,310

  • 5 · Compensation of officers, directors and key employees

    total $293,078 · program services $234,463 · management and general $35,169 · fundraising $23,446

  • 7 · Other salaries and wages

    total $700,041 · program services $560,033 · management and general $84,005 · fundraising $56,003

  • 8 · Pension plan contributions

    total $14,672 · program services $11,737 · management and general $1,761 · fundraising $1,174

  • 10 · Payroll taxes

    total $79,872 · program services $63,897 · management and general $9,585 · fundraising $6,390

  • 11b · Fees: legal

    total $1,213 · program services $849 · management and general $364

  • 11c · Fees: accounting

    total $61,023 · management and general $61,023

  • 11f · Fees: investment management

    total $6,996 · management and general $6,996

  • 11g · Fees: other

    total $193,375 · program services $154,234 · management and general $22,031 · fundraising $17,110

  • 12 · Advertising and promotion

    total $14,666 · program services $14,666

  • 13 · Office expenses

    total $107,955 · program services $69,275 · management and general $38,680

  • 14 · Information technology

    total $23,996 · program services $11,283 · management and general $12,713

  • 16 · Occupancy

    total $30,221 · management and general $28,356 · fundraising $1,865

  • 17 · Travel

    total $169,381 · program services $164,169 · management and general $5,212

  • 19 · Conferences, conventions and meetings

    total $270 · management and general $270

  • 22 · Depreciation, depletion and amortization

    total $17,329 · program services $7,129 · management and general $9,623 · fundraising $577

  • 23 · Insurance

    total $17,627 · program services $3,955 · management and general $13,672

  • 24a · Other expenses: ECO ITEMS

    total $1,220,690 · program services $1,220,690

  • 24b · Other expenses: SUPPLIES

    total $66,065 · program services $60,484 · management and general $5,581

  • 24c · Other expenses: MISCELLANEOUS

    total $43,556 · program services $36,695 · management and general $5,558 · fundraising $1,303

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $17,527 · program services $247 · management and general $15,492 · fundraising $1,788

  • 24e · All other expenses

    total $2,794 · program services $2,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,258,711 · end of year $1,999,550

  • 2 · Savings and temporary cash investments

    beginning of year $2,744 · end of year $2,744

  • 3 · Pledges and grants receivable

    beginning of year $745,767 · end of year $690,252

  • 4 · Accounts receivable

    beginning of year $17,871 · end of year $374,436

  • 8 · Inventories for sale or use

    beginning of year $165,639 · end of year $107,299

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,004 · end of year $125

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

    $175,489

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

    $145,858

  • 10c · Land, buildings and equipment, net

    beginning of year $39,935 · end of year $29,631

  • 11 · Investments: publicly traded securities

    beginning of year $679,510 · end of year $1,625,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,414,951 · end of year $1,361,994

  • 27 · Net assets without donor restrictions

    beginning of year $2,441,231 · end of year $3,466,474

  • 28 · Net assets with donor restrictions

    beginning of year $58,999 · end of year $1,189

Mission and programs · 2022

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 2022, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS TOURS: BILLIE EILISH, THE LUMINEERS AND DEAD & CO.REVERB HAD THE HONOR OF JOINING FORCES WITH BILLIE EILISH, WHOM WE BEGAN WORKING WITH IN 2020. BILLIE IS AN INCREDIBLE ACTIVIST AND HER PASSION FOR THE ENVIRONMENT COALESCED INTO A FANTASTIC REVERB ACTION PROGRAM BOTH IN THE FRONT-OF-HOUSE AND BACKSTAGE ON HER "HAPPIER THAN EVER" TOUR. THE STATISTICS AND ACTIONS HAVE BEEN REMARKABLE. OVER 133,500+ TOTAL FAN ACTIONS WE TAKEN ON-SITE, INCLUDING OVER 11,300 FANS TAKING REVERB'S MUSIC CLIMATE REVOLUTION CLIMATE QUIZ; OVER $990,000 RAISED TO SUPPORT NONPROFIT ORGANIZATIONS, ENVIRONMENTAL JUSTICEAND CLIMATE PROJECTS; 8.8 MILLION GALLONS OF WATER SAVED BY SERVING PLANT-BASED MEALS FOR ARTISTS AND CREW ON TOUR; 88,000+ SINGLE USE WATER BOTTLES AVOIDED BY FANS USING REUSABLES AND FILLING UP AT FREE HYDRATION STATIONS AT SHOW; 2,300 HOURS OF VOLUNTEER HOURS SERVED BY 692 PEOPLE WHO HELPED FELLOW FANS TAKE ACTION FOR PEOPLE AND THE PLANET; AND 15,000+ TONNES OF CO2E WERE NEUTRALIZED VIA CERTIFIED CLIMATE PROJECTS.

    Expenses $768,017 · Grants $377,522 · Revenue $9,341

  • IN 2022, 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 37,000+ FAN ACTIONS TAKEN; $1.5 MILLION RAISED FOR DEAD & CO. CHARITY ORGANIZATIONS; 12,800+ SINGLE-USE BOTTLES ELIMINATED AT SHOWS, $367,000+ DEDICATED TO FUND DIVERSE GLOBAL PROJECTS ELIMINATING GREENHOUSE GAS SUCH AS GIVEPOWER'SKENYA SOLAR WATER FARM, NATIVEENERGY'S MEXICAN BIODIGESTER PROJECT, AND NATIVE RENEWABLE'S HOZHO HOMES PROGRAM; 17 NONPROFIT ORGANIZATIONS AND PARTNERS WERE SUPPORTED; AND OVER 1,000+ FAN VOLUNTEER HOURS WERE DONATED 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 $672,132 · Grants $542,542 · Revenue $5,881

  • REVERB HAS BEEN FORTUNATE ENOUGH TO PARTNER WITH THE LUMINEERS SINCE 2020, AND IN 2022 IN BOTH NORTH AMERICA AND THE EU, WE ACHIEVED SO MUCH ON THEIR TOUR. DURING THEIR TWO 2022 TOURS, THERE WERE 47,500+ FAN ACTIONS TAKEN; OVER $431,000 DEDICATED TO SUPPORTING BOTH ENVIRONMENTAL NONPROFITS, AND THOSE ADDRESSING HOMELESSNESS AND ADDICTION; $270,900+ GIVEN TO CLIMATE PROJECTS TO REDUCE GREENHOUSE GAS EMISSIONS; 1,230+ VOLUNTEER HOURS DONATED BY OVER 350 VOLUNTEERS; AND 30,800+ DISPOSABLE PLASTIC WATER BOTTLES DIVERTED FROM THE LANDFILL. IT WAS TRULY SUCH AN IMPACTFUL TOUR FOR BOTH PEOPLE AND THE PLANET.

    Expenses $601,791 · Grants $295,500 · Revenue $5,601

  • Expenses $2,125,274 · Grants $335,050 · Revenue $760,896

As filed on the 2022 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
2022
Filed
12 September 2023
IRS schema version
2022v5.0
Source object
202332559349301478

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

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