2021-11-15T13:58:10-06:00 2020-12-31 464064364 ERICKSON DEMEL & CO PLLC 7800 N MOPAC SUITE 105 AUSTIN TX 78759 990 2020-01-01 460576111 BLACK FRET BLAC 5126569312 PO BOX 29628 AUSTIN TX 78755 COLIN KENDRICK PRESIDENT 5126569312 2021-11-15 COLIN KENDRICK 999009999 ROBIN C DEMEL P01080305 5124828682 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z COLIN KENDRICK PO BOX 29628 AUSTIN TX 78755 1215649 0 X WWW.BLACKFRET.ORG X 2012 TX OUR MISSION IS TO SUPPORT THE CREATION AND PERFORMANCE OF MUSIC. 3 3 3 20 0 0 837343 808999 342585 406650 0 0 0 0 1179928 1215649 298450 524904 0 0 58131 115435 0 0 0 716485 558121 1073066 1198460 106862 17189 396455 429461 0 15816 396455 413645 OUR MISSION IS TO SUPPORT THE CREATION AND PERFORMANCE OF MUSIC. 0 0 408154 406650 PERFORMANCES: BLACK FRET HOSTED 146 PERFORMANCES IN A VARIETY OF VENUES AND ONLINE LIVE STREAMS WHICH FEATURED 164 BANDS TOTALLING 328 MUSICIANS. 524904 524904 ARTIST GRANTS: IN 2020, BLACK FRET PAID OUT $524,904 IN GRANTS TO MUSICIANS. 11250 ARTIST MENTOR PROGRAM: BLACK FRET'S ADVISORY BOARD OF 34 MUSIC INDUSTRY EXPERTS PROVIDED MENTORING TO OUR 95 MUSICIAN NOMINEES THROUGHOUT THE 2020 CALENDAR YEAR. 944308 1 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 174 0 1 3 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 3 3 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 48000 0 0 MATTHEW OTT BOARD VICE-CHAIR & VICE PR 40.00 X X 48000 0 0 96000 0 0 0 0 0 0 0 420681 19387 368931 808999 EVENT FEES 711300 334100 334100 SPONSORSHIPS 711300 59250 59250 NEW MEMBER FEES 711300 13300 13300 406650 1215649 406650 0 0 524904 524904 96000 96000 10667 10667 8768 8768 60775 60775 38766 7866 30900 27063 4798 22265 9613 9613 3053 3053 5217 4792 425 ARTIST PERFORMANCES 231881 231881 EVENT EXPENSES 118541 118541 MERCHANT FEES 17642 17642 ADVISOR PROGRAM EXPENSE 11250 11250 34320 13021 21299 1198460 944308 254152 0 396455 429461 396455 429461 0 15816 0 15816 X 396455 413645 396455 413645 396455 429461 X 17189 1 X 0 0 0 X 632003 776045 1003790 1179928 1215648 4807414 632003 776045 1003790 1179928 1215648 4807414 4500 3550 1500 1500 11000 22050 0 4500 3550 1500 1500 11000 22050 4785364 632003 776045 1003790 1179928 1215648 4807414 0.99540 0.99540 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PPP LOAN 11200 PAYROLL TAX PAYABLE 4616 15816 1 FINANCIAL GRANT 524904 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 2020, IN RESPONSE TO THE PANDEMIC RESULTING IN THE LOSS OF LIVE PERFORMANCE INCOME TO MUSICIANS, BLACK FRET ADDED AN "EMERGENCY RESPONSE" CATEGORY TO THE UNLOCKING METHODS. 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 GUIDESTAR'S "2015 NONPROFIT COMPENSATION REPORT, 15TH EDITION", 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: ROUNDING 1.