EIN 46-0576111

Sonic Guild

Name: Sonic Guild financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Austin

State

Texas

Year formed

2012

Most recent tax filings

2022-12-01

NTEE code, primary

A68: Music

Description

Black Fret empowers musicians to create and perform new music by awarding artist grants totaling $298,450 in 2019, with an additional $250,000 to be awarded in 2020 based on artists' new songs, performances, and community service. Our advisory board of 38 music industry experts provided mentoring to our 95 musician nominees throughout the 2019 calendar year.

Also known as...

Black Fret

Total revenues

$1,993,547

2022

Total expenses

$2,032,447

2022

Total assets

$650,764

2022

Num. employees

2022

Program areas at Sonic Guild

Performances: Black Fret hosted 126 performances in a variety of venues and online live streams which featured 106 bands totalling 318 musicians.

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.

Artist grants: in 2022, Black Fret paid out $238,810 in grants to musicians.

Who funds Sonic Guild

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Bny Mellon Charitable Gift Fund	2022-12	To Further the Organization's Exempt Purpose	$200,000
Creative Arkansas Community Hub and Exchange	2022-12	Moac	$150,000
Effie and Wofford Cain Foundation	2023-10	General Support	$62,000
...and 11 more grants received

Personnel at Sonic Guild

Name	Title	Compensation	Date of data
Colin Kendrick	Chairman	$102,000	2023-11-15
Dennis Kubacak	Chief Financial Officer		2023-02-22
Matt Ott	Vice Chairman and Founder , Chief Marketing Officer , Austin Chapter Executive Director		2023-02-22
Ben London	Seattle Chapter Executive Director		2023-02-22
Kirsten Vermulen	Colorado Chapter Executive Director		2023-02-22
...and 9 more key personnel

Financials for Sonic Guild

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$1,520,954	$1,241,916	22.5%
Program services	$472,593	$493,434	-4.2%
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$1,993,547	$1,735,350	14.9%

Form 990s for Sonic Guild

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-11-15	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-03-31	990	View PDF
2018-12	2020-02-07	990	View PDF
...and 4 more Form 990s

Organizations like Sonic Guild

Organization	Type	Location	Revenue
National Flute Association	501(c)(3)	Chicago, IL	$1,108,686
The Blues Foundation	501(c)(3)	Memphis, TN	$1,236,532
Minnesota Music Educators Association	501(c)(3)	Brooklyn Park, MN	$703,151
Texas Music Educators Association	501(c)(3)	Austin, TX	$6,262,068
North Carolina Music Educators Association	501(c)(3)	Raleigh, NC	$732,789
American String Teachers Association	501(c)(3)	Fairfax, VA	$1,512,044
Music Teachers National Association	501(c)(3)	Cincinnati, OH	$2,589,464
Handbell Musicians of America	501(c)(3)	Cincinnati, OH	$748,170
Illinois Music Education Association	501(c)(3)	Palos Heights, IL	$891,546
Georgia Music Educators Association	501(c)(3)	Stockbridge, GA	$1,288,050

Data update history

January 19, 2024

Posted financials

Added Form 990 for fiscal year 2022

December 23, 2023

Received grants

Identified 3 new grant, including a grant for $50,000 from Moody Foundation

August 17, 2023

Posted financials

Added Form 990 for fiscal year 2020

July 23, 2023

Received grants

Identified 9 new grant, including a grant for $200,000 from Bny Mellon Charitable Gift Fund

July 16, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Professional associationsBusiness and community development organizationsArts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsCharities

Issues

Arts, cultural, and humanitiesBusiness and industry

Characteristics

MembershipsPartially liquidatedState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donations

General information

Address: PO Box 29628; Austin, TX 78755
Metro area: Austin-Round Rock-Georgetown, TX
County: Travis County, TX
Website URL: sonicguild.org/
Phone: (512) 656-9312

IRS details

EIN: 46-0576111
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2012
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: A68: Music
NAICS code, primary: 813920: Professional Associations
Parent/child status: Independent

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Sonic Guild

Program areas at Sonic Guild

Who funds Sonic Guild

Personnel at Sonic Guild

Financials for Sonic Guild

Form 990s for Sonic Guild

Organizations like Sonic Guild

Nonprofits

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