Sound Studios Olympia
- Assets
- $13.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olympia, WA
- Founding
- Data as of
- 07/2024
- EIN
- 83-2858437
Organization Overview
Sound Studios Olympia is located in Olympia, WA. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Studios Olympia 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 07/2024, Sound Studios Olympia generated $190.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $189.6k during the year ending 07/2024. While expenses have increased by 28.9% per year over the past 3 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
2024
Describe the Organization's Program Activity:
Part 3
WE CONTINUE TO OFFER WONDERFUL MUSIC LESSONS AND CLASSES TO STUDENTS, INCLUDING THOSE WHO CANNOT AFFORD THEM. WE USE OUR RESOURCES TO LOCATE AND RENT A PERFORMANCE HALL, PAY FOR AN ACCOMPANIST IF NEEDED, ALL SO THAT THE BURDEN OF PAYING FOR THE EXPERIENCE IS LIFTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn R Meloy President | 40 | $52,313 | |
Sandra Halstrom Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,300 |
| Total Program Service Revenue | $185,928 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $190,228 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $52,313 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $76,932 |
| Occupancy, rent, utilities, and maintenance | $45,150 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,216 |
| Total expenses | $189,611 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,311 |
| Other assets | $0 |
| Total assets | $13,311 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,311 |