2022-11-15T14:35:42-06:00 2021-12-31 871577252 ERICKSON DEMEL & ASSOCIATES PLLC 7800 N MOPAC SUITE 105 AUSTIN TX 78759 990 2021-01-01 460576111 BLACK FRET BLAC 5126569312 PO BOX 29628 AUSTIN TX 78755 COLIN KENDRICK CHAIRMAN 5126569312 2022-11-15 COLIN KENDRICK 999009999 NAZIA MANDAVIA P01080308 5124828682 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z COLIN KENDRICK PO BOX 29628 AUSTIN TX 78755 1735350 0 X WWW.BLACKFRET.ORG X 2012 TX OUR MISSION IS TO SUPPORT THE CREATION AND PERFORMANCE OF MUSIC. 5 5 3 20 0 0 808999 1241916 406650 493434 0 0 0 0 1215649 1735350 524904 252000 0 0 115435 274858 0 0 131345 558121 859887 1198460 1386745 17189 348605 429461 793318 15816 31068 413645 762250 OUR MISSION IS TO SUPPORT THE CREATION AND PERFORMANCE OF MUSIC. 0 0 751355 493434 PERFORMANCES: BLACK FRET HOSTED 158 PERFORMANCES IN A VARIETY OF VENUES AND ONLINE LIVE STREAMS WHICH FEATURED 164 BANDS TOTALLING 410 MUSICIANS. 252000 252000 ARTIST GRANTS: IN 2021, BLACK FRET PAID OUT $252,000 IN GRANTS TO MUSICIANS. 30000 ARTIST MENTOR PROGRAM: BLACK FRET'S ADVISORY BOARD OF 34 MUSIC INDUSTRY EXPERTS PROVIDED MENTORING TO OUR 95 MUSICIAN NOMINEES THROUGHOUT THE 2021 CALENDAR YEAR. 1033355 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 1 132 0 1 3 0 0 0 0 0 0 1 1 0 0 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 92000 0 0 MATTHEW OTT BOARD VICE-CHAIR & VICE PR 40.00 X X 92000 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 184000 0 0 0 0 0 0 0 433069 31200 777647 1241916 EVENT FEES 711300 286605 286605 SPONSORSHIPS 711300 182129 182129 NEW MEMBER FEES 711300 24700 24700 493434 1735350 493434 0 0 252000 252000 184000 64400 64400 55200 68334 34167 13667 20500 22524 9151 6616 6757 86305 34830 29875 21600 60265 60265 31005 17822 13183 17377 3272 14105 6500 6500 9312 9312 6005 6005 EVENT EXPENSES 296999 296999 ARTIST PERFORMANCES 272364 272364 ADVISOR PROGRAM EXPENSE 30000 30000 OTHER SG&A 25405 25405 18350 18350 1386745 1033355 222045 131345 429461 792318 0 1000 429461 793318 15816 31068 15816 31068 X 413645 662250 0 100000 413645 762250 429461 793318 348605 0 X 0 0 0 X 776045 1003790 1179928 1215648 1735350 5910761 776045 1003790 1179928 1215648 1735350 5910761 3550 1500 1500 11000 17550 0 3550 1500 1500 11000 17550 5893211 776045 1003790 1179928 1215648 1735350 5910761 0.99700 0.99540 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PPP LOAN 22223 PAYROLL TAX PAYABLE 8845 31068 1 FINANCIAL GRANT 252000 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 2021, 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 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