Overview
What is Black Fret?
Black Fret Dba Sonic Guild is a nonprofit organization situated in Austin, Texas. Their primary mission is to foster and encourage the creation and presentation of innovative music, by actively engaging communities. They have hosted 126 performances in various venues and live streams, showcasing 106 different bands comprising 318 musicians. The organization, which employs six individuals, is dedicated to building supportive communities that nurture the growth and success of extraordinary new musical talents.
Official website here: www.sonicguild.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating
Black Fret, also known as Sonic Guild, has demonstrated strong performance in various areas, earning an overall score of 89% from Charity Navigator. The organization excels in leadership and adaptability, receiving a perfect score of 100 in this category. Furthermore, it boasts a completely independent board, ensuring unbiased decision-making and governance.
In terms of financial accountability, Black Fret shows solid management practices, achieving high marks in essential metrics such as a low liabilities-to-assets ratio and a favorable program expense ratio. However, there are areas for improvement, notably the absence of a whistleblower policy and a document retention policy, which could enhance transparency and operational integrity.
The nonprofit is committed to supporting local musicians through grants and other resources, indicating a strong focus on community engagement and cultural enrichment. Despite the identified limitations, Black Fret's strategic goals and high accountability scores reflect a promising and impactful organization within the music support sector.
This AI summary has been generated from information found on Charity Navigator.
Is Black Fret legitimate?
Black Fret is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Fret 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: $204,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,166
For more financial information, click here
Official website here: www.sonicguild.org
What is the mission statement of Black Fret?
Black Fret DBA Sonic Guild's mission is focused on building communities that foster the creation and performance of exceptional new music. They aim to support artists and musicians in bringing their innovative music to the public. Through their initiatives, they have hosted 126 performances in various venues and online live streams, featuring a diverse range of 106 bands and involving a total of 318 musicians.
Official website here: www.sonicguild.org
Who is the CEO of Black Fret?
Colin Kendrick is the Board Chair & President of Black Fret.
Official website here: www.sonicguild.org
What is the revenue of Black Fret?
Black Fret's revenue in 2022 was $1,993,547.
Official website here: www.sonicguild.org
Who are the executives of Black Fret and what are their salaries?
The average compensation at Black Fret during 2022 was $58,694. There are 6 employees and 10 volunteers at Black Fret.
Here are 5 key members and their salaries:
- Compensation: $102,000
- Related: $0
- Other: $0
- Compensation: $102,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sonicguild.org
Where can I find the form 990 for Black Fret?
Black Fret's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sonicguild.org
Learn more at the official website: www.sonicguild.org
Mission Statement of Black Fret
Black Fret Dba Sonic Guild, a nonprofit organization, is dedicated to fostering communities that nurture the creation and presentation of exceptional new music. By building supportive networks, this entity aims to elevate the work of talented musicians and provide them with a platform to showcase their artistry.
Throughout its activities, Black Fret Dba Sonic Guild hosted 126 performances across various venues and live stream events. These events featured a diverse range of 106 bands, showcasing the talents of 318 musicians. By providing these opportunities, the organization has played a significant role in supporting the music community and promoting the creation of innovative and extraordinary musical compositions.
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Impact
July, 2024
Black Fret Dba Sonic Guild's impact lies in its dedication to building communities that support the creation and performance of extraordinary new music. Through hosting numerous performances featuring a variety of bands and musicians, they have contributed to the vibrant music scene in Austin, TX. By fostering a platform for artists to showcase their talents and connect with audiences, Black Fret Dba Sonic Guild plays a vital role in promoting the arts and enriching the cultural landscape of the city.
This information is meant to be a general summary of Black Fret. 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.
- Program Service Revenue: $472,593
- Gross Receipts: $1,993,547
Assets and Liabilities:
- Total Assets: $650,764
- Total Liabilities: $27,414
- Net Assets: $623,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$268,900
EVENT FEES
Revenue
$194,193
NEW MEMBER FEES
Revenue
$9,500
Organization Details
Founding Year
2012
Phone
(512) 656-9312Principal Officer
Colin Kendrick
Main Address
PO BOX 29628, AUSTIN, TX, 78755
Website
www.sonicguild.orgNTEE Category
Code: A68 - Arts
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