SoundBio

EIN: 813164860 501(c)(3) Science & Technology

Seattle, WA

Total Revenue
$77,165
Total Expenses
$89,050
Total Assets
$19,725
Net Assets
$19,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
WA
Principal Officer
Orlando de Lang
Tax Period
2019-01-01 to 2019-12-31

SoundBio, founded in 2016, is a micro nonprofit in the Science & Technology sector that reported $77K in total revenue in fiscal year 2019. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $89K exceeded revenue, resulting in a 15% operating deficit.

Mission

The SoundBio Lab provides a lab space thats available to community members to use for their own independent research. SoundBio also runs workshops, open to the general public, within its lab space focused on hand-on science learning. SoundBio also takes science out into the local community by attending tabling events throughout Seattle.

Program Service Accomplishments

Program 1
Expenses: $46,387

Community Biology Lab Space - SoundBios physical location is a community biolab, equipped with all the key equipment necessary to perform most molecular biology work and related scientific...

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Community Biology Lab Space - SoundBios physical location is a community biolab, equipped with all the key equipment necessary to perform most molecular biology work and related scientific activities. This space is used by members for their own independent research projects as well as by members of the public who wish to participate in community projects that help to engage locals in citizen science. SoundBio currently has over five independent research projects underway as well as two communtiy projects with meeting attendance between 2 and 10 people each session.

Program 2
Expenses: $19,698

Outreach - Sound Bio brings science education to the Greater Seattle area by attending many tabling events. These events reach a variety of audiences, often targeting middle school age and below as...

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Outreach - Sound Bio brings science education to the Greater Seattle area by attending many tabling events. These events reach a variety of audiences, often targeting middle school age and below as well as reaching low-income communities that otherwise dont get much exposure to hands-on science learning. In 2019, SoundBio attended 13 tabling events throughout the city, engage 65 volunteers, over 200 colunteer hours, and reached 1,200 individuals across the community.

Program 3
Expenses: $8,647

SoundBio hosts a high school iGEM team within the lab. iGEM is an international synthetic biology competition that provides the students hands-on, real world experience in running a full-scale...

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SoundBio hosts a high school iGEM team within the lab. iGEM is an international synthetic biology competition that provides the students hands-on, real world experience in running a full-scale research team, from fundraising, product developement and design, gathering stakeholder input, and communicating their work to the public, in addition to conducting the scientific work. In 2019, the team had about 15 students who each worked an average of 8-12 hours per week to move the project forwrad before presenting their work in Boston.

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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 (2019)

Revenue Breakdown

Contributions & Grants $65,096
Program Service Revenue $11,001
Investment Income $1,068
Other Revenue $0
TOTAL REVENUE $77,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,331
Fundraising Expenses $0
Program Expenses $74,732
Other Expenses $41,719
TOTAL EXPENSES $89,050

Year-over-Year Comparison

2019 2018 Change
Revenue $77,165 $50,222 +0.5%
Expenses $89,050 $98,766 -0.1%
Net Income $-11,885 $-48,544 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
70

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
$32,451
Total Directors
5
$32,451
Key Employees
2
$41,201
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yoshitaka Goto Secretary / Ops. Dir. 035.00
Officer Director Key Emp Highest
$32,451 $0 $32,451
Holly Sawyer Director of Outeach 015.00
Key Emp
$8,750 $0 $8,750
Orlando De Lange President 010.00
Officer Director
$0 $0 $0
Regina Wu Vice President 010.00
Officer Director
$0 $0 $0
Anna Schier Treasurer 002.00
Officer Director
$0 $0 $0
Andy Firpo Board Member 001.00
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
2019 $77,165 $89,050 $19,725 $-11,885
2018 $50,222 $98,766 $31,456 $-48,544
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