SOUND ART INC DBA IN THE BAND

EIN: 753010881 501(c)(3) Arts, Culture & Humanities

SANTA MONICA, CA

Total Revenue
$212,709
Total Expenses
$255,574
Total Assets
$2,084,058
Net Assets
$2,084,058
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
JEFFREY SMITH
Phone
4243208585
Tax Period
2024-07-01 to 2025-06-30

SOUND ART INC DBA IN THE BAND, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $256K exceeded revenue, resulting in a 20% operating deficit.

Mission

SOUND ART DBA IN THE BAND IS DEDICATED TO EMPOWERING THE YOUTH OF LOS ANGELES AND BEYOND THROUGH ACCESS TO MUSIC EDUCATION AND MENTORING IN COMMUNITY CENTERS, SCHOOLS AND ONLINE. FOUNDED TO FULFILL THE NEED FOR AN AFFORDABLE AND CULTURALLY RELEVANT SOLUTION TO CUTS IN FUNDING FOR MUSIC EDUCATION IN PUBLIC SCHOOLS, STUDENTS WORK TOGETHER TO UNLOCK THEIR CREATIVITY AND BUILD SELF-ESTEEM THROUGH THE MENTORSHIP OF PROFESSIONAL MUSICIANS AND CREATE A LIFELONG INTEREST IN AND UNDERSTANDING OF MUSIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $123,025
Program Service Revenue $40,120
Investment Income $49,564
Other Revenue $0
TOTAL REVENUE $212,709

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,026
Fundraising Expenses $26,344
Program Expenses $173,623
Other Expenses $47,548
TOTAL EXPENSES $255,574

Year-over-Year Comparison

2024 2023 Change
Revenue $212,709 $245,193 -0.1%
Expenses $255,574 $285,499 -0.1%
Net Income $-42,865 $-40,306 +0.1%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
7
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE GOLDWYN PRESIDENT/FOUNDER 5.00
Officer
$0 $0 $0
GARY RABISHAW VICE PRESIDENT 4.00
Officer
$0 $0 $0
JONATHAN ZUCKER TREASURER 4.00
Officer
$0 $0 $0
JONI MILKEN 2ND VICE PRESIDENT 1.00
Officer
$0 $0 $0
JOHN MAIER SECRETARY 4.00
Officer
$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
2025 $212,709 $255,574 $2,084,058 $-42,865
2024 $245,193 $285,499 $2,018,866 $-40,306
2023 $247,666 $256,249 $1,918,922 $-8,583
2022 $204,214 $313,410 $1,738,950 $-109,196
2021 $1,632,821 $290,023 $1,968,080 $1,342,798
2020 $153,006 $347,679 $573,408 $-194,673
2019 $975,183 $349,627 $748,061 $625,556
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