Soundbio Lab
- Assets
- $126.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Seattle, WA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3164860
Organization Overview
Soundbio Lab is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Soundbio Lab employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soundbio Lab 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, Soundbio Lab generated $98.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 5 years. 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
2021
Describe the Organization's Program Activity:
Part 3
WE WERE SEVERELY IMPACTED FOR MOST OF 2020 AND 2021 DUE TO THE PANDEMIC. TO ADDRESS PANDEMIC-RELATED NEEDS FOR HANDS-ON LEARNING IN REMOTE LEARNING SPACES, WE FOCUSED ON THE DEVELOPMENT OF AT-HOME EXPERIMENTS AND A SERIES OF WEBINARS FOR BASIC LAB SKILLS TO SUPPORT THE NEEDS OF OUR LEARNING COMMUNITY. WE ALSO KEPT OUR EMPLOYEE ON THE PAYROLL UNTIL SHE LEFT FOR CAREER ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando DE Lange President | 20 | $0 | |
Regina Wu Vice President | 10 | $0 | |
Yoshi Goto Secretary | 10 | $0 | |
Anna Schier Treasurer | 10 | $0 | |
Garima Thakur Lab Manager | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,984 |
| Total Program Service Revenue | $0 |
| Membership dues | $15,418 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,403 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,179 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $23,764 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $514 |
| Total expenses | $42,457 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,511 |
| Other assets | $0 |
| Total assets | $126,511 |
| Total liabilities | $0 |
| Net assets or fund balances | $126,511 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Soundbio Lab has recieved totaling $5,628.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,603 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Community Programs Eugene, OR | $4,423,506 | $4,611,357 |
Council For The Advancement Of Science Writing Inc Seattle, WA | $2,112,272 | $1,147,107 |
Glacier Peak Institute Darrington, WA | $298,389 | $376,299 |
Gorge Ecology Outdoors Hood River, OR | $250,595 | $217,883 |
Idaho Dairy Environmental Action League Research Foundation Inc Twin Falls, ID | $2,070,245 | $89,999 |
Northwest Nuclear Laboratories Federal Way, WA | $7,220 | $0 |
Alward Institute For Collaborative Science Pullman, WA | $7,246 | $39,543 |
Soundbio Lab Seattle, WA | $126,511 | $0 |
Northwest Scientific Association Mountlake Terrace, WA | $397,099 | $0 |
Science Communication Institute Seattle, WA | $1,960 | $0 |
Fourbridges Port Angeles, WA | $65,125 | $0 |
Institute For Venture Science Seattle, WA | $28,513 | $0 |