Overview
What is Reverb Inc?
Reverb Inc, based in Portland, Maine, is a nonprofit organization that focuses on environmental sustainability, particularly within the music industry. In 2022, they achieved significant milestones through partnerships with prominent artists such as Billie Eilish, The Lumineers, and Dead & Co. Their mission, deeply rooted in both the music and environmental communities, is to educate and engage musicians and their fans, encouraging them to act towards a more sustainable future. During these collaborations, they successfully mobilized fans to take action, with over 133,500 total fan actions recorded. Fundraising efforts yielded over $990,000, which supported various environmental justice and climate projects. Moreover, they saved 8.8 million gallons of water by serving plant-based meals to artists and crew, and avoided over 88,000 single-use water bottles by providing fans with reusable options and free hydration stations at shows. The organization also facilitated 2,300 hours of volunteer service from 692 individuals, who helped fellow fans take action for people and the planet. Lastly, they neutralized approximately 15,000 tonnes of CO2e via certified climate projects. With a dedicated workforce of 18 employees, Reverb Inc continues to make a substantial impact in promoting environmental sustainability within the music industry.
Official website here: www.reverb.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Stars)
Reverb Inc has achieved a Three-Star rating from Charity Navigator, which indicates a solid performance in accountability and finance. The organization has a high program expense ratio of 87.59%, suggesting that a significant portion of its expenditures directly supports its mission. Additionally, its low fundraising efficiency ratio of $0.022 reflects that the organization is effective in its fundraising efforts, allowing more funds to be directed toward programs.
Strengths include a strong commitment to transparency and governance, as evidenced by its independent board composition and the presence of essential policies such as conflict of interest and whistleblower policies. The lack of financial statements for the most recent fiscal year, however, raises some concerns regarding transparency and financial reporting practices, which affected its overall score.
While Reverb Inc demonstrates effective management of assets and a lack of material diversions, the absence of financial statements is a notable limitation. Addressing this gap could enhance the organization’s transparency and potentially improve its rating in the future, reinforcing trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Reverb Inc legitimate?
Reverb Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reverb Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $293,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $700,041
For more financial information, click here
Official website here: www.reverb.org
What is the mission statement of Reverb Inc?
Reverb Inc, deeply rooted in the music and environmental communities, aims to educate and engage musicians and their fans towards a more sustainable future. The organization's primary focus is on fostering environmental awareness and action among musicians and their fans, particularly through major tours like Billie Eilish's "Happier Than Ever" tour in 2022. During this tour, Reverb successfully implemented an action program that encouraged fan participation in various environmental initiatives, such as taking a climate quiz, supporting nonprofit organizations, and saving water by serving plant-based meals. Moreover, the program raised a significant amount for environmental justice and climate projects, avoided single-use water bottles, and neutralized a substantial amount of CO2 emissions via certified climate projects. In essence, Reverb Inc is dedicated to encouraging sustainable practices within the music industry and fostering environmental consciousness among its fans.
Official website here: www.reverb.org
Who is the CEO of Reverb Inc?
Adam Gardner is the Director of Reverb Inc.
Official website here: www.reverb.org
What is the revenue of Reverb Inc?
Reverb Inc's revenue in 2022 was $5,653,783.
Official website here: www.reverb.org
Who are the executives of Reverb Inc and what are their salaries?
The average compensation at Reverb Inc during 2022 was $55,173. There are 18 employees and 6028 volunteers at Reverb Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $139,125
- Related: $0
- Other: $3,814
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $139,125
- Related: $0
- Other: $3,814
Official website here: www.reverb.org
Where can I find the form 990 for Reverb Inc?
Reverb Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reverb.org
Learn more at the official website: www.reverb.org
Mission Statement of Reverb Inc
Reverb Inc, an organization deeply rooted in the music and environmental communities, is dedicated to educating and engaging musicians and their fans towards a more sustainable future. With a mission to take action towards environmental preservation, the nonprofit collaborates with renowned musicians and their fans to foster a culture of eco-consciousness.
During 2022, Reverb Inc played a significant role in three marquee tours, including Billie Eilish, The Lumineers, and Dead & Co. The collaboration with Billie Eilish, a passionate environmental activist, resulted in a remarkable Reverb action program that had a profound impact on the environment. The program encouraged fans to take action on-site, with over 133,500 total fan actions recorded, including more than 11,300 fans taking Reverb's Music Climate Revolution climate quiz.
Furthermore, Reverb Inc raised over $990,000 to support nonprofit organizations, environmental justice, and climate projects. The organization also saved 8.8 million gallons of water by serving plant-based meals for artists and crew on tour, and avoided the use of over 88,000 single-use water bottles by encouraging fans to use reusable containers and fill up at free hydration stations at shows. In addition, Reverb Inc mobilized over 2,300 hours of volunteer hours served by 692 people who helped fellow fans take action for people and the planet. Lastly, the organization neutralized 15,000+ tonnes of CO2e via certified climate projects.
In summary, Reverb Inc is an environmental advocacy organization that partners with musicians and fans to promote sustainability and combat climate change. Through their innovative programs, they encourage fans to take action, raise funds for environmental projects, save water, reduce waste, and neutralize carbon emissions.
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Impact
June, 2024
Reverb Inc's impact can be seen through its collaboration with major musicians like Billie Eilish, The Lumineers, and Dead & Co to engage their fans in taking action towards a more sustainable future. Through their programs, Reverb has been able to facilitate remarkable outcomes, such as over 133,500 fan actions taken on-site, raising over $990,000 to support environmental justice and climate projects, saving 8.8 million gallons of water by serving plant-based meals on tours, avoiding 88,000+ single-use water bottles by encouraging the use of reusables, and neutralizing 15,000+ tonnes of CO2e through certified climate projects. This demonstrates Reverb Inc's significant impact in promoting sustainability within the music industry and beyond.
This information is meant to be a general summary of Reverb Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,100
- Program Service Revenue: $716,276
- Gross Receipts: $6,933,571
Assets and Liabilities:
- Total Assets: $4,829,657
- Total Liabilities: $1,361,994
- Net Assets: $3,467,663
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEE
Revenue
$543,940
SPONSORSHIP
Revenue
$126,025
MISC REVENUE
Revenue
$46,311
Organization Details
Founding Year
2003
Phone
(207) 221-6553Principal Officer
Adam Gardner
Main Address
386 FORE STREET, PORTLAND, ME, 04101
Website
www.reverb.orgNTEE Category
Code: C60 - Environment
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