Reverb Inc
- Assets
- $3.9m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Portland, ME
- Founding
- 02/2006
- Data as of
- 12/2021
- EIN
- 20-1042256
Organization Overview
Reverb Inc is located in Portland, ME. The organization was established in 2006. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Reverb Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reverb 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 12/2021, Reverb Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 9.6% per year over the past 7 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.
Since 2015, Reverb Inc has awarded 45 individual grants totaling $1,344,688. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REVERB ENGAGES MUSICIANS AND THEIR FANS TO TAKE ACTION TOWARD A MORE SUSTAINABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, REVERB'S MAJOR PROGRAM ACCOMPLISHMENT AREAS WERE CONNECTED TO THREE MARQUIS TOURS: DEAD & CO., DAVE MATTHEWS BAND, AND HARRY STYLES.IN 2021, REVERB AGAIN WORKED WITH THE ICONIC MUSICIANS IN DEAD & CO. REVERB WAS THEPRODUCTION ARM BEHIND "PARTICIPATION ROW" ALONG WITH OUR VOTER REGISTRATION PARTNERS AT HEADCOUNT. DURING THIS TOUR THERE WERE 45,500+ FAN ACTIONS TAKEN; $1.5 MILLION RAISED FOR DEAD & CO. CHARITY ORGANIZATIONS; 19,000+ SINGLE-USE BOTTLES ELIMINATED AT SHOWS, $577,000+ RAISED TO FUND DIVERSE GLOBAL PROJECTS ELIMINATING GREENHOUSE GAS SUCH AS MEDFORD SPRING GRASSLAND CONSERVATION, MISSISSIPPI DELTA COMMUNITY SOLAR PROJECT, ANDSOULARDARITY; 29 NONPROFIT ORGANIZATIONS AND PARTNERS SUPPORTED; AND OVER 760+ FAN VOLUNTEER HOURS WERE DONATED TO HELP RAISE AWARENESS ABOUT OUR WORK ON THIS TOUR. IT WAS AN INCREDIBLE EXPERIENCE TO BE ON THE ROAD AND BE ABLE TO CREATE PROGRAMMING FOR ARTISTS WHO HAVE LED THE CHARGE WITHIN THE MUSIC INDUSTRY AS CULTURAL CHANGE MAKERS SINCE THE 1960'S.
REVERB AGAIN HAD THE HONOR OF JOINING FORCES WITH THE DAVE MATTHEWS BAND, WHOM WE HAVE PARTNERED WITH SINCE 2005. TOGETHER WE CREATED THE "BAMA GREEN PROJECT", AND THE STATISTICS AND ACCOMPLISHMENTS IN 2021 HAVE BEEN REMARKABLE. OVER 41,000+ TOTAL FAN ACTIONS; OVER $131,000 RAISED BY FANS IN THE ECOVILLAGE TO HELP PLANT TREES WITH THE NATURE CONSERVANCY; 28,000+ SINGLE USE PLASTIC WATER BOTTLES AVOIDED AT SHOWS BY FANS, AND BY THE BAND & CREW BACKSTAGE; 436 FAN VOLUNTEERS WHO DEDICATED 1,526+ VOLUNTEER HOURS COLLECTIVELY. DMB HAS BEEN THE PROW OF THE SHIP WHEN IT COMES TO TOURSUSTAINABILITY AND FAN ENGAGEMENT!
REVERB HAD THE PRIVILEGE OF WORKING, ONCE AGAIN, WITH THE INTERNATIONAL POP STAR HARRY SYLES IN 2021, AND IT WAS ASTOUNDING WHAT OUR MUSIC COMMUNITY ACCOMPLISHED TOGETHER. WE GARNERED OVER 40,265 FAN ACTIONS OVER THE COURSE OF THE TOUR INCLUDING: NEARLY 4,869 FANS TOOK THE MUSIC CLIMATE REVOLUTION CLIMATE QUIZ; WE ELIMINATED 33,900+ SINGLE USE PLASTIC WATER BOTTLES; HAD OVER 132 FAN VOLUNTEERS DONATE 450+ VOLUNTEER HOURS TO SUPPORT ALL OF THE CAUSES IN THE REVERB ACTION VILLAGE. THIS TOUR WAS ALSO A "CLIMATEPOSITIVE"TOUR MEANING THAT THROUGH SUPPORTING THREE DIVERSE GREENHOUSE GAS REDUCINGPROJECTS (KENYA CLEAN WATER PROJECT, SKY WIND INDIA PROJECT, AND SOULARDARITY) WE HELPED THE TOUR TO ELIMINATE SIGNIFICANTLY MORE EMISSIONS THAN IT CREATED, INCLUDING FAN TRAVEL TO AND FROM THE SHOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gardner Adam Co-Director | OfficerTrustee | 40 | $111,819 |
Sullivan Lauren Co-Director/president | OfficerTrustee | 24 | $98,169 |
Schair-Cardona Erica Treasurer | OfficerTrustee | 2 | $0 |
Johnson Andrew M Secretary | OfficerTrustee | 2 | $0 |
Boyd Diane Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,438,126 |
| Noncash contributions included in lines 1a–1f | $539,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,534,086 |
| Total Program Service Revenue | $267,575 |
| Investment income | $17,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,094 |
| Net Income from Fundraising Events | $13,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $148,354 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,985,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $582,096 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,063 |
| Compensation of current officers, directors, key employees. | $26,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,220 |
| Pension plan accruals and contributions | $14,565 |
| Other employee benefits | $0 |
| Payroll taxes | $58,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $734 |
| Fees for services: Accounting | $44,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,448 |
| Fees for services: Other | $23,208 |
| Advertising and promotion | $8,011 |
| Office expenses | $63,180 |
| Information technology | $24,771 |
| Royalties | $0 |
| Occupancy | $28,952 |
| Travel | $66,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,908 |
| Insurance | $15,324 |
| All other expenses | $0 |
| Total functional expenses | $2,778,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,258,711 |
| Savings and temporary cash investments | $2,744 |
| Pledges and grants receivable | $745,767 |
| Accounts receivable, net | $17,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $165,639 |
| Prepaid expenses and deferred charges | $5,004 |
| Net Land, buildings, and equipment | $39,935 |
| Investments—publicly traded securities | $679,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,915,181 |
| Accounts payable and accrued expenses | $1,414,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,414,951 |
| Net assets without donor restrictions | $2,441,231 |
| Net assets with donor restrictions | $58,999 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,915,181 |
Grants Awarded
Over the last fiscal year, Reverb Inc has awarded $182,311 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: NATURE CONSERVANCY FROM REVERB - BAMAWORKS BOTTLE SALES DONATION (FLOW THRU DONATIONS) | $139,233 |
Boston, MA PURPOSE: TAME IMPALA WATER BOTTLES (1549@$10) | $15,490 |
Los Angeles, CA PURPOSE: DIG DEEP RIGHT TO WATER FUND (NAVAJO NATION) | $14,500 |
Petoskey, MI PURPOSE: "WATER STATIONS - BENTON HARBOR SCHOOLS, NALGENE WATER FUND DONATION | $13,088 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Reverb Inc has recieved totaling $404,221.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $370,962 |
Environmental Investigation Agency Washington, DC PURPOSE: ACHIEVE COST-EFFECTIVE REDUCTIONS IN EMISSIONS FROM DEFORESTATION AND FOREST DEGRADATION. | $20,580 |
Playing For Change Foundation Santa Monica, CA PURPOSE: GENERAL SUPPORT | $12,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chewonki Foundation Inc Wiscasset, ME | $31,373,154 | $10,204,767 |
Hurricane Island Outward Bound School Camden, ME | $11,638,598 | $4,626,034 |
Reverb Inc Portland, ME | $3,915,181 | $3,985,444 |
Squam Lakes Natural Science Center Holderness, NH | $11,468,821 | $2,535,033 |
Ecology Education Inc Saco, ME | $15,038,893 | $2,197,158 |
Kroka Expeditions Marlow, NH | $3,260,386 | $2,285,342 |
Robert And Patricia Switzer Foundation Belfast, ME | $18,391,526 | $1,246,852 |
Tin Mountain Conservation Center Incorporated Albany, NH | $4,362,959 | $2,203,013 |
Beaver Brook Association Inc Hollis, NH | $9,759,859 | $2,273,813 |
Fork Food Lab Yarmouth, ME | $202,202 | $414,434 |
30 Mile River Watershed Association Mount Vernon, ME | $163,003 | $259,006 |
Frenchman Bay Research Boating Bar Harbor, ME | $18,374 | $0 |