Sound Business Inc in New York, New York (NY)
| Sound Business Inc |
| Employer Identification Number (EIN) | 133719307 |
| Name of Organization | Sound Business Inc |
| In Care of Name | Charles Thompson |
| Address | 315 East 14th Street Suite 5 B, New York, NY 10003 |
| Activities | Other instruction and training |
| Subsection | Charitable Organization |
| Ruling Date | 07/1993 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2009 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $5,499 |
| Amount of Income | $47,382 |
| Form 990 Revenue Amount | $47,382 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Adult, Continuing Education |
Amount of income in 2009: $47,382 (it was $40,552 in 2013)
| This organization: | $47,382 |
| Other organizations performing similar types of work: | $47,382 |
Assets in 2009: $5,499 (it was $8,260 in 2013)
| This organization: | $5,499 |
| Other organizations performing similar types of work: | $5,499 |
Expenses in 2013: $59,928
| This organization: | $59,928 |
| Other organizations performing similar types of work: | $59,928 |
Income to expenses ratio in 2013: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 0.8 |
Grants share in income in 2013: 1.0%
| This organization: | 1.0% |
| Other organizations performing similar types of work: | 1.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
|---|
| Total revenue | $50,676 | $36,108 | $40,552 |
| Contributions, gifts, grants, and similar amounts received | $2,014 | $13,677 | $424 |
| Program service revenue including government fees and contracts | $48,662 | $22,431 | $40,128 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $60,371 | $41,483 | $59,928 |
| Total net assets | $-10,845 | $-16,220 | $-35,596 |
| Excess/Deficit for the year | $-9,695 | $-5,375 | $-19,376 |
| Net assets or fund balances at beginning of year | $-1,150 | $-10,845 | $-16,220 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-10,845 | $-16,220 | $-35,596 |
| Balance Sheets |
| 2011 | 2012 | 2013 |
|---|
| Total assets | $1,071 | $7,456 | $8,260 |
| Total liabilities | $11,916 | $23,676 | $43,856 |
| Net assets or fund balances | $-10,845 | $-16,220 | $-35,596 |
| Reason for Public Charity Status (for 2013) |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $0 |
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| Number of organizations performing similar types of work |
| |
| Total | 4 |
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