EIN 46-0576111

Sonic Guild

Name: Sonic Guild financials for 2023
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

2023-12-01

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

$2,166,323

2023

Total expenses

$2,031,857

2023

Total assets

$796,958

2023

Num. employees

2023

Program areas at Sonic Guild

Performances: Black Fret hosted 108 performances in a variety of venues and online live streams which featured 185 bands totalling 555 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 2023, Black Fret paid out $280,000 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	2023-12	To Further the Organization's Exempt Purpose	$450,000
Raynier Institute and Foundation	2023-12	For General Operation To Sonic Guild Seattle Patrons of Local Music Program	$150,000
Creative Arkansas Community Hub and Exchange	2022-12	Moac	$150,000
...and 12 more grants received

Personnel at Sonic Guild

Name	Title	Date of data
Dennis Kubacak	Chief Financial Officer	2024-11-21
Matt Ott	Vice Chairman and Founder , Executive Director - Austin	2024-11-21
Ben London	Chairman , Executive Director - Seattle	2024-11-21
Kirsten Vermulen	Colorado Chapter Executive Director	2024-11-21
Greg Carter	Director of Virtual Concert Program	2024-11-21
...and 10 more key personnel

Financials for Sonic Guild

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$1,796,136	$1,520,954	18.1%
Program services	$370,187	$472,593	-21.7%
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	$2,166,323	$1,993,547	8.7%

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
Minnesota Music Educators Association	501(c)(3)	Brooklyn Park, MN	$703,151
Texas Music Educators Association	501(c)(3)	Austin, TX	$6,262,068
The Blues Foundation	501(c)(3)	Memphis, TN	$1,211,621
American String Teachers Association	501(c)(3)	Fairfax, VA	$1,614,695
American Guild of Organists / National Headquarters (AGO)	501(c)(3)	New York, NY	$1,640,910
Handbell Musicians of America	501(c)(3)	Cincinnati, OH	$683,858
Illinois Music Education Association	501(c)(3)	Palos Heights, IL	$1,178,782
Music Teachers National Association	501(c)(3)	Cincinnati, OH	$2,880,230
Kentucky Music Educators Association	501(c)(3)	Richmond, KY	$1,182,263

Data update history

November 21, 2024

Updated personnel

Identified 1 new personnel

September 21, 2024

Received grants

Identified 3 new grant, including a grant for $450,000 from Bny Mellon Charitable Gift Fund

May 18, 2024

Received grants

Identified 6 new grant, including a grant for $150,000 from Creative Arkansas Community Hub and Exchange

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

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 donationsAccepts online 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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