Civic Intelligence

Sounds True Foundation

990 • Fiscal year 2020 • EIN 46-1236964

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileN/A
413 S Arthur AvenueLouisville, CO 80027

(303) 665-3151

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

523%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

211%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$581,575

Up $488,291 (+523%) from 2019

Net Assets

Up

$569,140

Up $490,605 (+625%) from 2019

Liabilities

Down

$12,435

Down $2,314 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin84th percentile

Revenue

Up

$1,382,634

Up $937,376 (+211%) from 2019

Expenses

Up

$892,029

Up $507,117 (+132%) from 2019

Net Income

Up

$490,605

Up $430,259 (+713%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2018: $18,529Liabilities 2018: $340Net Assets 2018: $18,1892018Assets 2019: $93,284Liabilities 2019: $14,749Net Assets 2019: $78,5352019Assets 2020: $581,575Liabilities 2020: $12,435Net Assets 2020: $569,1402020Assets 2021: $520,606Liabilities 2021: $10,818Net Assets 2021: $509,7882021Assets 2022: $439,607Liabilities 2022: $3,310Net Assets 2022: $436,2972022Assets 2023: $320,443Liabilities 2023: $17,791Net Assets 2023: $302,6522023Assets 2024: $108,981Liabilities 2024: $17,133Net Assets 2024: $91,8482024

Highlighted filing

2020

Assets$581,575
Liabilities$12,435
Net Assets$569,140
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $115,450Expenses 2018: $97,261Net Income 2018: $18,1892018Revenue 2019: $445,258Expenses 2019: $384,912Net Income 2019: $60,3462019Revenue 2020: $1,382,634Expenses 2020: $892,029Net Income 2020: $490,6052020Revenue 2021: $807,171Expenses 2021: $866,523Net Income 2021: -$59,3522021Revenue 2022: $892,732Expenses 2022: $965,881Net Income 2022: -$73,1492022Revenue 2023: $552,291Expenses 2023: $685,946Net Income 2023: -$133,6552023Revenue 2024: $443,828Expenses 2024: $654,632Net Income 2024: -$210,8042024

Highlighted filing

2020

Revenue$1,382,634
Expenses$892,029
Net Income$490,605
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,398,242
Mission and Program Overview

Mission

Providing wisdom-based tools and practices to communities affected by trauma, poverty, and social injustice. Programs are designed to remove barriers to access, promote well-being, and shift the world toward compassion and connection.

To make transformational education widely available to communities in need, including survivors of violence, at-risk youth, prisoners, veterans, individuals with disabilities, and those in developing countries. We also focus on training social leaders in the skills of mindful awareness from areas such as law enforcement, education, social justice, and environmental activism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,284$581,575▲ $494,291
Rtn Earn Endowment Incm Other Fnds$78,535$569,140▲ $490,605
Accounts Receivable$6,000--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$93,284$581,575▲ $488,291
Liabilities
Accounts Payable and Accrued Expenses$14,749$12,435▼ $2,314
Total Liabilities$14,749$12,435▼ $2,314
Net Assets / Fund Balance
Total Net Assets Fund Balance$78,535$569,140▲ $490,605
Total Liabilities and Net Assets / Fund Balance$93,284$581,575▲ $488,291
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Tami SimonPresident
Adam EngelDirector
Paul BehrmanDirector
Sibyl ChavisDirector
Nils MccartyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,382,366
Program Service Revenue
$0
Investment Income
$268
Other Revenue
$0
All Other Contributions
$1,341,368
Change in Net Assets
$490,605

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$843,380Fair Market Value (FMV)
Total Noncash Contributions$843,380-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$892,029
Total Fundraising Expense$1,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$18,402--$18,402
Fees for Services Other$6,300$3,650-$9,950
Office Expenses-$9,160-$9,160
Travel$4,593--$4,593
Fees for Services Legal-$2,329-$2,329
Information Technology$1,075-$1,075$2,150
Other Expenses$2,065--$2,065
Total Functional Expenses$875,815$15,139$1,075$892,029
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Tami simon and nils mccarty have a business relationship.”

Form 990, Part VI, Section A, Line 3

“Two of the board members, sibyl chavis and tami simon work for sounds true, inc.”

Form 990, Part VI, Section B, Line 11B

“The board of directors are given a copy of the 990 to review before filing.”

Form 990, Part VI, Section B, Line 12C

“Regularly and consistently monitor and enforces compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, Line 18

“All documents are available upon request.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Sounds True Foundation
EIN
46-1236964
Phone
3036653151
Address
413 S ARTHUR AVENUE, LOUISVILLE, CO 80027

Signing Officer

Name
Nils Mccarty
Title
Treasurer
Phone
3036653151
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Fisher
Formed
2012
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Kco Inc
Address
4999 PEARL EAST CIRCLE SUITE 103, BOULDER, CO 80301
Preparer
Mark Kightlinger
Phone
3034493830
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0MEANINGFUL PARTNERSHIPS: WITH JUSTIN MICHAEL WILLIAMS AND THROUGH THE STAY WOKE, GIVE BACK TOUR, WE WERE ABLE TO HELP SUPPORT HIGH SCHOOLS ACROSS THE COUNTRY STARTING IN-PERSON AND ABLE TO CONTINUE THROUGH 2020 IN A VIRTUAL FORMAT, REACHING OVER 7,850 STUDENTS FROM 8 STATES AND 10 SCHOOL DISTRICTS, REACHING PUBLIC AND PRIVATE SCHOOLS, COMMUNITY CENTERS AND AFTER-SCHOOL PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEANINGFUL PARTNERSHIPS: THROUGH THE BOOKS FOR KIDS FOUNDATION, WE SUPPORTED THE BUILD A HOME LIBRARY PROGRAM AND CHILDREN'S BOOK WEEK WITH 3,130 BOOKS DONATED TO 48 LIBRARIES FOR THEIR LENDING LIBRARY PROGRAMS.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ST INC PROVIDES THE PRODUCTS TO THE FOUNDATION AND THE FOUNDATION REIMBURSES STI FOR THESE COSTS. TAMI IS ON THE BOARD OF STF AND OWNS STI.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAMI SIMON AND NILS MCCARTY HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TWO OF THE BOARD MEMBERS, SIBYL CHAVIS AND TAMI SIMON WORK FOR SOUNDS TRUE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE GIVEN A COPY OF THE 990 TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REGULARLY AND CONSISTENTLY MONITOR AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
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ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$581,575
Liabilities
$12,435
Net assets
$569,140
Revenue
$1,382,634
Expenses
$892,029
Net income
$490,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.09$0.44$0.65$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.02$0.30$0.55$0.69$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.89$0.97$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.81$0.87$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.01$0.57$1.38$0.89$0.49
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.08$0.45$0.38$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.12$0.10$0.02