REVERB INC

EIN: 201042256 501(c)(3) Environment

PORTLAND, ME

Total Revenue
$7,172,947
Total Expenses
$3,761,410
Total Assets
$8,351,575
Net Assets
$8,077,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
ME
Principal Officer
ADAM GARDNER
Phone
7187817983
Tax Period
2024-01-01 to 2024-12-31

REVERB INC, founded in 2003, is a community nonprofit in the Environment sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 48% operating margin.

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.

Program Service Accomplishments

Program 1
Expenses: $158,942 Revenue: $31,205

DURING 2024, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS PROGRAMS AND ARTISTS: BILLIE EILISH TOUR, OUR MUSIC DECARBONIZATION PROJECT, DEAD & COMPANY AT THE...

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DURING 2024, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS PROGRAMS AND ARTISTS: BILLIE EILISH TOUR, OUR MUSIC DECARBONIZATION PROJECT, DEAD & COMPANY AT THE SPHERE.REVERB HAD THE HONOR OF AGAIN JOINING FORCES WITH BILLIE EILISH, WHO 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 "HIT ME HARD AND SOFT" TOUR. THE STATISTICS AND ACTIONS HAVE BEEN REMARKABLE. OVER 103,000+ TOTAL FAN ACTIONS WE TAKEN ON-SITE, INCLUDING OVER 6,054 FANS TAKING REVERB'S FAST FASHION SURVEY; OVER $3.1 MILLION WAS RAISED TO SUPPORT NONPROFIT ORGANIZATIONS, ENVIRONMENTAL JUSTICE AND CLIMATE PROJECTS THROUGH BILLIE'S "CHANGEMAKER" TICKET FUND AS A WAY TO COLLABORATE WITH FANS TO RAISE MONEY FOR NONPROFITS ADDRESSING THE CLIMATE CRISIS, FOOD INSECURITY AND CLIMATE JUSTICE ISSUES WHICH DEEPLY ALIGN WITH REVERB'S CORE VALUES AND MISSION. REVERB WAS HONORED TO HAVE BEEN ENTRUSTED BY BILLIE AND HER TEAM TO STEWARD THE DISTRIBUTION OF THOSE FUNDS AS GRANTS FOR THE NORTH AMERICAN LEG OF HER TOUR; 3,076 HOURS OF VOLUNTEER HOURS WERE SERVED BY 769 PEOPLE WHO HELPED FELLOW FANS TAKE ACTION FOR PEOPLE AND THE PLANET. ADDITIONALLY, REVERB WORKED WITH BILLIE'S TEAM TO MEASURE THE CARBON FOOTPRINT OF HER GLOBAL TOUR. IN ACKNOWLEDGEMENT OF THE CLIMATE IMPACT OF TOURING, BILLIE SUPPORTED REVERB'S CLIMATE PROJECT PORTFOLIO WHICH IS COMPRISED OF PROJECTS AND ORGANIZATIONS THAT WORK TO MEASURABLY REDUCE GREENHOUSE GAS POLLUTION, ADDRESS CLIMATE CHANGE, RESTORE NATURE AND ADVANCE DECARBONIZATION EFFORTS IN MUSIC ALL WITH THE GOAL OF ADDRESSING THE COMPLEX CHALLENGES OF THE CLIMATE CRISIS.

Program 2
Expenses: $378,203

REVERB CONTINUED GROWING OUR MUSIC DECARBONIZATION PROJECT WHICH WORKS TO ADVANCE INNOVATIVE CLIMATE SOLUTIONS TO DIRECTLY ELIMINATE CARBON EMISSIONS CREATED BY THE MUSIC INDUSTRY. THE FUNDING RAISED...

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REVERB CONTINUED GROWING OUR MUSIC DECARBONIZATION PROJECT WHICH WORKS TO ADVANCE INNOVATIVE CLIMATE SOLUTIONS TO DIRECTLY ELIMINATE CARBON EMISSIONS CREATED BY THE MUSIC INDUSTRY. THE FUNDING RAISED FOR THIS PROJECT HELPS DEVELOP AND PROMOTE THE NECESSARY SHIFT TOWARD INCREASED EFFICIENCY, EXPANDING CLEAN ENERGY OPTIONS, AND REDUCING GREENHOUSE GAS POLLUTION WITH A FOCUS ON THE UNIQUE CLIMATE CHALLENGES OF MUSIC. IN 2024, WE HAD SOME INCREDIBLE FIRSTS: POWERING THE HIGHER GROUND CONCERT SERIES WITH 100% BATTERY POWER FOR THE ENTIRE SEASON AVOIDING 1.5 METRIC TONS OF CO2E (AT THE GUSTER CONCERT ALONE); 100% BATTERY POWERING SXSW'S COMMUNITY CONCERTS; HAVING THE FIRST FULLY BATTERY POWERED FESTIVAL IN COAL COUNTRY AT THE HEALING APPALACHIA FESTIVAL RESULTING IN A 99% REDUCTION OF CO2E EMISSIONS; HELPING THE PORTOLA FESTIVAL 100% BATTERY POWER THEIR FESTIVAL STAGE RESULTING IN A 99% DECREASE IN DIESEL USE; WORKING WITH AUSTIN CITY LIMITS TO USE THEIR FIRST HYBRID BATTERY SYSTEM AT A MAJOR ACL STAGE AVOIDING 15.38 METRIC TONS OF CO2E; POWERING TYLER THE CREATOR' SOLD OUT CAMP FLOG GNAW FESTIVAL WITH BATTERY POWERED STAGES AVOIDING 4,261 GALLONS OF DIESEL USE, THE FIRST HIP HOP FESTIVAL TO DO SO. ADDITIONALLY, WE HAD THE OPPORTUNITY TO AGAIN WORK WITH WILLIE NELSON AT HIS LUCK REUNION TO MAKE THE FESTIVAL-WIDE SWITCH TO BATTERY POWERED STAGE REDUCING DIESEL USE BY 90%.

Program 3
Expenses: $647,554 Revenue: $24,356

IN 2024, 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...

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IN 2024, 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 RESIDENCY AT THE SPHERE IN LAS VEGAS, THERE WERE OVER 47,000 ONSITE AND ONLINE FAN ACTIONS TAKEN; $1.4 MILLION RAISED FOR DEAD & CO. CHARITY ORGANIZATIONS; 19 NONPROFIT ORGANIZATIONS AND PARTNERS WERE SUPPORTED; AND 85 VOLUNTEERS GAVE OVER 2,380+ HOURS TO HELP RAISE AWARENESS ABOUT OUR WORK. IT WAS AN INCREDIBLE EXPERIENCE TO BE AT THIS INNOVATIVE, NEW VENUE BRINGING TO LIFE PROGRAMMING FOR THESE ARTISTS WHO HAVE LED THE CHARGE WITHIN THE MUSIC INDUSTRY AS CULTURAL CHANGE-MAKERS SINCE THE 1960'S.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,669,127
Program Service Revenue $176,645
Investment Income $74,267
Other Revenue $252,908
TOTAL REVENUE $7,172,947

Expense Breakdown

Grants Paid $955,734
Salaries & Benefits $1,260,591
Fundraising Expenses $118,039
Program Expenses $3,192,731
Other Expenses $1,545,085
TOTAL EXPENSES $3,761,410

Year-over-Year Comparison

2024 2023 Change
Revenue $7,172,947 $5,396,360 +0.3%
Expenses $3,761,410 $4,421,332 -0.1%
Net Income $3,411,537 $975,028 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
19
Volunteers
2686

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$270,744
Total Directors
5
$270,744
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOYD DIANE DIRECTOR 2.00
Director
$0 $0 $0
GARDNER ADAM CO-DIRECTOR 40.00
Officer Director
$131,541 $3,831 $135,372
JOHNSON ANDREW M SECRETARY 2.00
Officer Director
$0 $0 $0
SCHAIR-CARDONA ERICA TREASURER 2.00
Officer Director
$0 $0 $0
SULLIVAN LAUREN CO-DIRECTOR/PRESIDENT 40.00
Officer Director
$131,541 $3,831 $135,372
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,172,947 $3,761,410 $8,351,575 $3,411,537
2023 $5,396,360 $4,421,332 $5,277,121 $975,028
2023 $5,462,341 $4,421,332 $5,343,102 $1,041,009
2022 $5,653,783 $4,632,961 $4,829,657 $1,020,822
2021 $3,985,444 $2,778,425 $3,915,181 $1,207,019
2020 $1,470,395 $1,585,749 $1,333,082 $-115,354
2019 $2,156,180 $1,910,745 $1,427,005 $245,435
2018 $2,730,628 $2,811,358 $1,095,624 $-80,730
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