2023-11-15T16:17:21-06:00 2022-12-31 871577252 ERICKSON DEMEL & ASSOCIATES PLLC 7800 N MOPAC SUITE 105 AUSTIN TX 78759 990 2022-01-01 460576111 BLACK FRET DBA SONIC GUILD BLAC 5126569312 PO BOX 29628 AUSTIN TX 78755 COLIN KENDRICK CHAIRMAN 5126569312 2023-11-15 1 COLIN KENDRICK 999009999 0 NAZIA MANDAVIA P01080308 5124828682 2023-11-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z COLIN KENDRICK PO BOX 29628 AUSTIN TX 78755 1993547 0 X WWW.SONICGUILD.ORG X 2012 TX SONIC GUILD BUILDS COMMUNITIES TO SUPPORT THE CREATION AND PERFORMANCE OF EXTRAORDINARY NEW MUSIC. 5 5 6 10 0 0 1241916 1520954 493434 472593 0 0 0 0 1735350 1993547 252000 238810 0 0 274858 383155 0 0 213575 859887 1410482 1386745 2032447 348605 -38900 793318 650764 31068 27414 762250 623350 SONIC GUILD BUILDS COMMUNITIES TO SUPPORT THE CREATION AND PERFORMANCE OF EXTRAORDINARY NEW MUSIC. 0 0 1157894 472593 PERFORMANCES: BLACK FRET HOSTED 126 PERFORMANCES IN A VARIETY OF VENUES AND ONLINE LIVE STREAMS WHICH FEATURED 106 BANDS TOTALLING 318 MUSICIANS. 238810 238810 ARTIST GRANTS: IN 2022, BLACK FRET PAID OUT $238,810 IN GRANTS TO MUSICIANS. 30000 ARTIST MENTOR PROGRAM: LED BY A VETERAN MUSIC INDUSTRY ARTIST/MANAGER, SONIC GUILD TAPS INTO THE EXPERTISE OF SCORES OF MUSIC INDUSTRY EXPERTS AND PROFESSIONAL SERVICE PROVIDERS TO ENABLE CAREER DEVELOPMENT FOR OUR ARTISTS. 1426704 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 187 0 1 6 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 1 0 X X THE ORGANIZATION 5126569312 PO BOX 29628 AUSTIN TX 78755 COLIN KENDRICK BOARD CHAIR & PRESIDENT 40.00 X X 102000 0 0 MATTHEW OTT BOARD VICE-CHAIR & VICE PR 40.00 X X 102000 0 0 MATT MCDONNELL TREASURER & SECRETARY 2.00 X X 0 0 0 FAY WELLS BOARD MEMBER 2.00 X 0 0 0 TRACIE VERLINDE BOARD MEMBER 2.00 X 0 0 0 204000 0 0 2 0 0 0 0 475178 190221 855555 1500 1520954 SPONSORSHIPS 711300 268900 268900 EVENT FEES 711300 194193 194193 NEW MEMBER FEES 711300 9500 9500 472593 1993547 472593 0 0 238810 238810 204000 71400 71400 61200 148166 72708 38433 37025 30989 13048 9358 8583 91738 51410 32888 7440 117061 117061 75757 75757 62617 10666 28381 23570 8000 8000 28252 28252 687 687 EVENT EXPENSES 621145 621145 ARTIST PERFORMANCES 317517 317517 OTHER SG&A 32904 32904 ADVISOR PROGRAM EXPENSE 30000 30000 24804 24804 2032447 1426704 392168 213575 792318 649764 1000 1000 793318 650764 31068 27414 31068 27414 X 662250 573350 100000 50000 762250 623350 793318 650764 X -38900 -100000 X 0 1 X 1 0 X 1003790 1179928 1215648 1735350 1993548 7128264 1003790 1179928 1215648 1735350 1993548 7128264 1500 1500 11000 14000 0 1500 1500 11000 14000 7114264 1003790 1179928 1215648 1735350 1993548 7128264 0.99800 0.99700 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYROLL TAX PAYABLE 27414 27414 1865078 0 1865078 128469 128469 1993547 2214109 181662 181662 2032447 0 2032447 PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH DIFFERENCES PART XII, LINE 2D - OTHER ADJUSTMENTS: ACCRUAL TO CASH DIFFERENCES 1 FINANCIAL GRANT 238810 CASH BASIS PART I, LINE 2: BLACK FRET DISTRIBUTES GRANT DOLLARS UPON THE SUBMISSION OF EVIDENCE OF THE COMPLETION OF SPECIFIC DELIVERABLES SUPPORTING OUR CHARITABLE MISSION OF THE CREATION AND PERFORMANCE OF NEW MUSIC AND THE PROVISION OF COMMUNITY SERVICE. IN 2022, IN RESPONSE TO THE ONGOING PANDEMIC RESULTING IN THE LOSS OF LIVE PERFORMANCE INCOME TO MUSICIANS, BLACK FRET RETAINED THE "EMERGENCY RESPONSE" CATEGORY ADDED TO THE UNLOCKING METHODS IN 2020. FORM 990, PART VI, SECTION B, LINE 11B EACH OFFICER IS PROVIDED WITH A COPY OF THE TAX RETURN TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15B BLACK FRET COMPENSATES ITS CEO, COLIN KENDRICK, AND CHIEF MARKETING OFFICER, MATT OTT, FOR THE ONGOING DAILY MANAGEMENT OF THE OPERATIONS OF THE ORGANIZATION. THESE ARE OPERATIONAL ROLES AND DISCRETE IN THEIR NATURE FROM THOSE OF THE BOARD SEATS OF CHAIR AND VICE-CHAIR FILLED BY THESE INDIVIDUALS. COMPENSATION WAS DETERMINED BY (1) THE INDEPENDENT PERSONS OF MATT MCDONNELL (TREASURER) AND DENNIS KUBACAK (CFO), (2) A REVIEW OF COMPARABILITY DATA AS PRESENTED IN CANDID'S "2021 NONPROFIT COMPENSATION REPORT", AND (3) CONTEMPORANEOUS SUBSTANTIATION BY BLACK FRET'S SUBMISSION OF FORM W-2 FOR EACH COMPENSATED INDIVIDUAL. COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS WITH THE DIRECTORS RECEIVING COMPENSATION BEING EXCLUDED FROM THE VOTE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: PRIOR YEAR RESTRICTED FUNDS USED -100,000.