SOUND AFFECTS DBA MUSIC BEATS CANCER

EIN: 454642925 501(c)(3) Medical Research

RIDGEFIELD, CT

Total Revenue
$212,413
Total Expenses
$349,476
Total Assets
$17,871
Net Assets
$-108,243
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DC
Principal Officer
MONA S JHAVERI PHD
Phone
2022512672
Tax Period
2023-01-01 to 2023-12-31

SOUND AFFECTS DBA MUSIC BEATS CANCER, founded in 2013, is a small nonprofit in the Medical Research sector that reported $212K in total revenue in fiscal year 2023. Expenses of $349K exceeded revenue, resulting in a 65% operating deficit.

Mission

SOUND AFFECTS IS A NONPROFIT ORGANIZATION DEDICATED TO CHANGING HOW THE WAR ON CANCER IS FOUGHT AND FINANCED. WE SUPPORT A CROWDFUNDING PLATFORM TO CONNECT INDIVIDUALS SEEKING DRAMATICALLY IMPROVED OUTCOMES WITH BIO-ENTREPRENEURS ACTIVELY WORKING TOWARDS CURES. WE STRATEGICALLY PARTNER WITH CELEBRITY AND AMATEUR MUSICAL ARTISTS TO PROMOTE OUR APPROACH TO REVOLUTIONIZING THE WAR ON CANCER. MUSIC IS OUR METAPHORICAL TORCH.

Program Service Accomplishments

Program 1
Expenses: $244,631 Revenue: $36,815

SOUND AFFECTS OFFERS A MODEL FOR REDEFINING OUR SOCIAL CONTRACT FOR THE WAR ON CANCER. CENTRAL TO THIS, WE BELIEVE THE PUBLIC CAN AND MUST PLAY A GREATER ROLE IN SHAPING A MORE INNOVATIVE APPROACH TO...

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SOUND AFFECTS OFFERS A MODEL FOR REDEFINING OUR SOCIAL CONTRACT FOR THE WAR ON CANCER. CENTRAL TO THIS, WE BELIEVE THE PUBLIC CAN AND MUST PLAY A GREATER ROLE IN SHAPING A MORE INNOVATIVE APPROACH TO FIGHTING CANCER. OUR MISSION IS TO INCREASE PROMISING TREATMENTS IN THE PIPELINE BY EMPOWERING INDIVIDUALS TO DIRECTLY SUPPORT BIO-ENTREPRENEURS, TRANSLATING RESEARCH INTO GROUNDBREAKING CANCER SOLUTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,404
Program Service Revenue $36,815
Investment Income $0
Other Revenue $27,194
TOTAL REVENUE $212,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $87,370
Program Expenses $244,631
Other Expenses $349,476
TOTAL EXPENSES $349,476

Year-over-Year Comparison

2023 2022 Change
Revenue $212,413 $211,096 +0.0%
Expenses $349,476 $184,944 +0.9%
Net Income $-137,063 $26,152 -6.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MUSA SECRETARY 3.00
Officer Director
$0 $0 $0
CLAIRE SCHULTZ TREASURER 3.00
Officer Director
$0 $0 $0
MONA JHAVERI CHAIR 10.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $212,413 $349,476 $17,871 $-137,063
2022 $211,096 $184,944 $99,131 $26,152
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