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Nonprofit · EIN 46-4519201

SOUNDCORPS INC

Tax-exempt · CHATTANOOGA, TN 37405

Financials

$406K$389K2023$211K$300K2024
Revenue Expenses · by fiscal year end
Financials of SOUNDCORPS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$211,424$300,112-$88,688$9,514$0$9,514
December 31, 2023990$406,388$389,382$17,006$98,202$0$98,202
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$200,515
of which government grants
$59,310
Program service revenue
$9,680
Investment income
$0
Other revenue
$1,229

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$61,539
Other salaries and wages
$26,000
Salaries, compensation and benefits (total)
$102,276
Professional fundraising fees
$0
Legal fees
$20
Accounting fees
$34,400
Occupancy
$4,614
Travel
$5,943
Depreciation
$3,633
Program services (functional)
$197,001
Management and general (functional)
$47,430
Fundraising (functional)
$55,681

Balance sheet and other

Total assets, start of year
$98,202
Total assets, end of year
$9,514
Total liabilities, end of year
$0
Net assets, end of year
$9,514
Land, buildings and equipment
$8,341
Net assets without donor restrictions
$9,514
Gross receipts
$211,424
Employees
3
Volunteers
10
Year formed
2014
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JONATHAN SUSSMANFORMER EXECUTIVE DIRECTOR
Former
40$34,616$5,392
STRATTON TINGLEFORMER EXECUTIVE DIRECTOR
Former
40$26,923$3,725
KRISTY GRAVESPRESIDENT
Trustee or director, Officer
0.92$0$0
ARIEL YUZENKOSECRETARY
Trustee or director, Officer
0.92$0$0
SHERRY BABINBOARD TREASURER
Trustee or director, Officer
0.92$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
STRATTON TINGLEEXECUTIVE DIRECTOR
Trustee or director, Officer
40$70,000$6,426
STEVE O'NEILBOARD CHAIR
Trustee or director, Officer
2.12$0$0
REED BOBOBOARD TREASURER
Trustee or director, Officer
0.92$0$0
KRISTY GRAVESSECRETARY
Trustee or director, Officer
0.92$0$0
SAMMY LOWDERMILKBOARD MEMBER
Trustee or director
0.92$0$0
XAVIER COTTOBOARD MEMBER
Trustee or director
0.92$0$0
KEVIN LOVEBOARD MEMBER
Trustee or director
0.92$0$0
CARLA PRITCHARDBOARD MEMBER
Trustee or director
0.92$0$0
LIZ MORINBOARD MEMBER
Trustee or director
0.92$0$0
RICK BOWERSBOARD MEMBER
Trustee or director
0.92$0$0
JAMAAL HICKSBOARD MEMBER
Trustee or director
0.92$0$0

Address and contacts

Address (IRS master file)
555 CHEROKEE BLVD, CHATTANOOGA, TN 37405-3865
Mailing address (990-N for 2014)
701 Market Street, Chattanooga TN 37402
Principal officer (990 for 2024)
SHERRY BABIN, 555 CHEROKEE BOULEVARD, CHATTANOOGA, TN 37405
Principal officer (990-N for 2014)
Stratton Tingle, 701 Market Street, Chattanooga TN 37402
Signed the 990
SHERRY BABIN, BOARD TREASURER
Phone
(214) 762-2153
Return prepared by
DEMOSS ACCT & BOOKKEEPING SVCS PLLC

Mission

WE DEVOTE OUR ENERGIES TO BUILDING LOCAL MUSIC INFRASTRUCTURE AND PROFESSIONAL EXPERTISE THROUGH ONGOING PROGRAMS, EVENTS AND INITIATIVES. THESE EFFORTS WILL TRANSLATE INTO INCREASED OPPORTUNITIES TO EXPERIENCE CHATTANOOGA MUSIC.

990 for the year ended December 31, 2024

Program accomplishments

  • SOUNDCORPS PROGRAMMING IS DESIGNED TO HELP THE LOCAL MUSIC INDUSTRY PROFESSIONALS BUILD THEIR CAREERS THROUGH TRAINING, RESOURCE DEVELOPMENT, AND NETWORKING. INDIVIDUALS IMPACTED DURING THE 2024 NUMBER AT 10,000. THESE PROGRAMS INCLUDE ONLINE ACTIVITIES AND EVENTS INCLUDING THE NEW YEAR'S EVE EVENT. AN ONLINE MUSIC INDUSTRY DIRECTORY IS ALSO AVAILABLE WITH OVER 1,100 PROFILES. NEW YEAR'S EVE CELEBRATION: 8,800 PARTICIPANTS
    Expenses $151,518 · revenue $10,909
  • THE CHATTANOOGA HIP-HOP SUMMIT - A MUSIC INDUSTRY CONFERENCE DEDICATED TO ACCELERATING THE CAREERS OF CHATTANOOGA HIP-HOP ARTISTS AND MUSIC INDUSTRY PROFESSIONALS THROUGH NETWORKING, PROFESSIONAL DEVELOPMENT WORKSHOPS, PANEL SESSIONS, COMMUNITY EVENTS, AND PERFORMANCE OPPORTUNITIES THAT HIGHLIGHT THE WEALTH OF CHATTANOOGA AREA TALENT TO BE CULTIVATED LOCALLY, REGIONALLY, AND BEYOND.IMPACT: 6,500 INDIVIDUALS
    Expenses $45,483

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-4519201
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$9,514
Income (IRS master file)
$211,424

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$211,424$300,112$9,514XML
990-TDecember 2024–––IRS
990December 2023$406,388$389,382$98,202XML
990-TDecember 2023–––IRS
990December 2022$321,294$300,392$81,196IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-N for 2014
Officer: Stratton Tingle
January 31, 2015≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4519201).

Questions about SOUNDCORPS INC

What is the EIN of SOUNDCORPS INC?
The employer identification number (EIN) of SOUNDCORPS INC is 46-4519201.
Is SOUNDCORPS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to SOUNDCORPS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUNDCORPS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUNDCORPS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUNDCORPS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOUNDCORPS INC?
The 990 for the year ended December 31, 2024 names SHERRY BABIN.
Who are the officers and directors of SOUNDCORPS INC?
The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $34,616 (JONATHAN SUSSMAN, FORMER EXECUTIVE DIRECTOR).
How much revenue does SOUNDCORPS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $211,424, expenses of $300,112 and total assets of $9,514 at year end.

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