Sound Business Inc
- Assets
- $7.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newtown, PA
- Founding
- 07/1993
- Data as of
- 09/2023
- EIN
- 13-3719307
Organization Overview
Sound Business Inc is located in Newtown, PA. The organization was established in 1993. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Business Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Sound Business Inc generated $113.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $171.9k during the year ending 09/2023. While expenses have increased by 5.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SOUND BUSINESS, INC. (SBI) IS AN INDEPENDENT, NOT-FOR-PROFIT EDUCATION SERVICES CORPORATION THAT OFFERS PUBLICLY EDUCATED NEW YORK CITY HIGH SCHOOL STUDENTS AN OPPORTUNITY TO PREPARE THEMSELVES FOR THE PURSUIT OF PROFESSIONAL CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Thompson Director Of Advancement | 6 | $0 | |
Stephen B Rycroft President | 1 | $0 | |
Cameron Toth Member | 2 | $0 | |
Mwanza Lumumba Member | 1 | $0 | |
Nia Rock Treasurer | 0.3 | $0 | |
Wilfredo Dejesus Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,986 |
| Total Program Service Revenue | $38,463 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,449 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,005 |
| Professional fees and other payments to independent contractors | $49,974 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $258 |
| Other expenses | $65,668 |
| Total expenses | $171,905 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $7 |
| Total liabilities | $290,780 |
| Net assets or fund balances | -$290,773 |