Nonprofit · EIN 88-1441894
SOUNDING POINT FOUNDATION CORP
Tax-exempt · ANN ARBOR, MI 48105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $85,000 | $64,967 | $20,033 | $114,956 | $0 | $114,956 |
| December 31, 2023 | 990-EZ | $60,000 | $45,042 | $14,958 | $94,923 | $0 | $94,923 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $85,000
Expenses
- Grants and similar amounts paid
- $63,750
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $1,217
- Program services (functional)
- $64,967
Balance sheet and other
- Total assets, start of year
- $94,923
- Total assets, end of year
- $114,956
- Total liabilities, end of year
- $0
- Net assets, end of year
- $114,956
- Cash, savings and investments
- $114,956
- Gross receipts
- $85,000
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FABIOLA KIM | PRESIDENT & CEO | 5 | $0 |
| ROBERT LIPSETT | DIRECTOR | 5 | $0 |
| STEVE LIPSETT | DIRECTOR | 5 | $0 |
| SUNGEUN CHO | DIRECTOR | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FABIOLA KIM | PRESIDENT & CEO | 5 | $0 |
| ROBERT LIPSETT | DIRECTOR | 5 | $0 |
| STEVE LIPSETT | DIRECTOR | 5 | $0 |
| SUNGEUN CHO | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3062 N SPURWAY DR, ANN ARBOR, MI 48105-1497
- Signed the 990-EZ
- FABIOLA KIM, EXECUTIVE DIRECTOR
- Phone
- (551) 206-0968
- Website
- WWW.SOUNDINGPOINTACADEMY.COM
- Return prepared by
- ANDREW PARK CONSULTING INC
Mission
THE SOUNDING POINT FOUNDATION (SPF), DBA SOUNDING POINT ACADEMY, HELPS YOUTHS DEVELOP MUSICAL SKILLS. IN THE LOS ANGELES AREAS, SPF WILL RAISE FUNDS TO HOLD FESTIVALS FOR STUDENTS AND PROFESSIONAL MUSICIANS TO PARTICIPATE IN MASTERCLASSES, LESSONS AND PERFORMANCES. SPF'S ACTIVITIES WILL FURTHER ITS EXEMPT PURPOSES AS THE AUDIENCES WILL WITNESS THE STUDENTS' ONSTAGE PERFORMANCES IMPROVED BY THE QUALITY EDUCATION.
Program accomplishments
- THE SOUNDING POINT FOUNDATION (SPF), DBA SOUNDING POINT ACADEMY, HELPS YOUTHS DEVELOP MUSICAL SKILLS. IN THE LOS ANGELES AREAS, SPF WILL RAISE FUNDS TO HOLD FESTIVALS FOR STUDENTS AND PROFESSIONAL MUSICIANS TO PARTICIPATE IN MASTERCLASSES, LESSONS AND PERFORMANCES. SPF'S ACTIVITIES WILL FURTHER ITS EXEMPT PURPOSES AS THE AUDIENCES WILL WITNESS THE STUDENTS' ONSTAGE PERFORMANCES IMPROVED BY THE QUALITY EDUCATION.Expenses $64,967 · grants $63,750
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-1441894
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $114,956
- Income (IRS master file)
- $85,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $85,000 | $64,967 | $114,956 | IRS |
| 990-EZ | December 2023 | $60,000 | $45,042 | $94,923 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
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 88-1441894).
Questions about SOUNDING POINT FOUNDATION CORP
- What is the EIN of SOUNDING POINT FOUNDATION CORP?
- The employer identification number (EIN) of SOUNDING POINT FOUNDATION CORP is 88-1441894.
- Is SOUNDING POINT FOUNDATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SOUNDING POINT FOUNDATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUNDING POINT FOUNDATION CORP 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 SOUNDING POINT FOUNDATION CORP 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 SOUNDING POINT FOUNDATION CORP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of SOUNDING POINT FOUNDATION CORP?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOUNDING POINT FOUNDATION CORP have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $85,000, expenses of $64,967 and total assets of $114,956 at year end.
Other nonprofits in ANN ARBOR
- UNIVERSITY MUSICAL SOCIETY EIN 38-1545881 · last filed 990 for 2025
- MICHIGAN THEATER FOUNDATION INC EIN 38-2269013 · last filed 990 for 2025
- ANN ARBOR HANDS ON MUSEUM EIN 38-2236345 · last filed 990 for 2025
- THE ARK EIN 38-1802396 · last filed 990 for 2025
- NEUTRAL ZONE EIN 38-3407568 · last filed 990 for 2025
- ANN ARBOR ART ASSOCIATION EIN 23-7205537 · last filed 990 for 2025
- ANN ARBOR SUMMER FESTIVAL INC EIN 38-2307397 · last filed 990 for 2025
- MICHIGAN GUILD OF ARTISTS & ARTISANS EIN 38-2300196 · last filed 990 for 2025
All nonprofits in ANN ARBOR · Michigan · Arts, culture and humanities