Nonprofit · EIN 46-3817830
SOUNDWAVES ART FOUNDATION
Tax-exempt · LOCKHART, TX 78644
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,487,619 | $2,914,534 | $573,085 | $3,399,129 | $34,528 | $3,364,601 |
| December 31, 2023 | 990 | $3,317,605 | $2,659,182 | $658,423 | $2,722,288 | $50,416 | $2,671,872 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,000
- Program service revenue
- $0
- Investment income
- $38,502
- Net gain from sales of assets
- $364
- Net income from sales of inventory
- $3,340,952
- Other revenue
- $3,349,117
Expenses
- Grants and similar amounts paid
- $1,187,493
- Compensation of officers, directors and key employees
- $372,594
- Other salaries and wages
- $259,229
- Salaries, compensation and benefits (total)
- $742,151
- Professional fundraising fees
- $0
- Legal fees
- $351
- Accounting fees
- $13,674
- Occupancy
- $169,576
- Travel
- $8,633
- Program services (functional)
- $2,602,804
- Management and general (functional)
- $294,461
- Fundraising (functional)
- $17,269
Balance sheet and other
- Total assets, start of year
- $2,722,288
- Total assets, end of year
- $3,399,129
- Total liabilities, end of year
- $34,528
- Net assets, end of year
- $3,364,601
- Land, buildings and equipment
- $384,926
- Publicly traded securities
- $1,090,753
- Net assets without donor restrictions
- $3,364,601
- Gross receipts
- $4,099,417
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- TX
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY W WAKEFIELD | MANAGING DIRECTOR Officer | 70 | $300,000 | $10,415 |
| SHARON WAKEFIELD | ACCOUNTING DIRECTOR Officer | 20 | $62,178 | $0 |
| MAKENNA HATTER-PAXTON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| NINA MILLER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD BAILEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY WAKEFIELD | FOUNDER/ARTIST Trustee or director, Officer | 70 | $332,525 | $6,622 |
| SHARON WAKEFIELD | TREASURER Trustee or director, Officer | 20 | $44,028 | $8,170 |
| ED BAILEY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NINA MILLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 115 N MAIN ST, LOCKHART, TX 78644-2119
- In care of
- % MOLLIE CULLINANE
- Mailing address (990-N for 2013)
- 9600 Escarpment Blvd Ste 745-208, Austin TX 78749
- Principal officer (990 for 2024)
- TIMOTHY WAKEFIELD, 115 NORTH MAIN STREET, LOCKHART, TX 78644
- Principal officer (990-N for 2013)
- Mollie Cullinane, 9600 Escarpment Blvd Ste 745-208, Austin TX 78749
- Signed the 990
- TIMOTHY WAKEFIELD, FOUNDER
- Phone
- (512) 457-9401
- Website
- SOUNDWAVESARTFOUNDATION.COM
- Return prepared by
- MAXWELL LOCKE & RITTER LLP
Mission
WE ARE A PHILANTHROPIC FOUNDATION THAT MAKES ORIGINAL PIECES OF ART BY CAPTURING THE DIGITAL HEARTBEAT OF SOME OF THE WORLD'S MOST ICONIC MUSIC. 100% OF OUR PROFITS GO TO CHARITIES FOCUSING ON SOCIAL JUSTICE, THE ENVIRONMENT, DISASTER RELIEF, MUSIC EDUCATION, AND MENTAL HEALTH.
Program accomplishments
- ART MADE FROM SOUND WAVES, SIGNED AND SOLD TO BENEFIT CHARITIES AROUND THE WORLD.Expenses $2,602,804 · grants $1,187,493 · revenue $3,349,117
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3817830
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P12)
- Assets (IRS master file)
- $3,399,129
- Income (IRS master file)
- $4,099,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,487,619 | $2,914,534 | $3,399,129 | XML |
| 990 | December 2023 | $3,317,605 | $2,659,182 | $2,722,288 | XML |
| 990 | December 2022 | $2,726,744 | $2,022,347 | $1,994,087 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: Mollie Cullinane | December 31, 2013 | ≤ $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 46-3817830).
Questions about SOUNDWAVES ART FOUNDATION
- What is the EIN of SOUNDWAVES ART FOUNDATION?
- The employer identification number (EIN) of SOUNDWAVES ART FOUNDATION is 46-3817830.
- Is SOUNDWAVES ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to SOUNDWAVES ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUNDWAVES ART FOUNDATION 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 SOUNDWAVES ART FOUNDATION 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 SOUNDWAVES ART FOUNDATION 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 SOUNDWAVES ART FOUNDATION?
- The 990 for the year ended December 31, 2024 names TIMOTHY WAKEFIELD.
- Who are the officers and directors of SOUNDWAVES ART FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $300,000 (TIMOTHY W WAKEFIELD, MANAGING DIRECTOR).
- How much revenue does SOUNDWAVES ART FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,487,619, expenses of $2,914,534 and total assets of $3,399,129 at year end.
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