Civic Intelligence

Sounds True Foundation

990 • Fiscal year 2022 • EIN 46-1236964

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 03, 2023

Organization ProfileN/A
300 S Public RdLafayette, CO 80026

(303) 665-3151

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.01x

Higher debt load relative to assets than 43% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.00x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

24th percentile

-8.2%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$52,314

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

15th percentile

-16%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

11%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$439,607

Down $80,999 (-16%) from 2021

Net Assets

Down

$436,297

Down $73,491 (-14%) from 2021

Liabilities

Down

$3,310

Down $7,508 (-69%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin24th percentile

Revenue

Up

$892,732

Up $85,561 (+11%) from 2021

Expenses

Up

$965,881

Up $99,358 (+11%) from 2021

Net Income

Down

-$73,149

Down $13,797 (-23%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2022

Assets$439,607
Liabilities$3,310
Net Assets$436,297
Open 2022 Filing

Operations Trend

Revenue Growth53rd 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

2022

Revenue$892,732
Expenses$965,881
Net Income-$73,149
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$892,732
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.

The sounds true foundation shares teachings and practices to empower people on their life journeys. We envision a world where people have the inner wisdom, tools, and growth opportunities to thrive and reach their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$520,606$439,607▼ $80,999
Rtn Earn Endowment Incm Other Fnds$509,788$436,297▼ $73,491
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$520,606$439,607▼ $80,999
Liabilities
Accounts Payable and Accrued Expenses$10,818$3,310▼ $7,508
Total Liabilities$10,818$3,310▼ $7,508
Net Assets / Fund Balance
Total Net Assets Fund Balance$509,788$436,297▼ $73,491
Total Liabilities and Net Assets / Fund Balance$520,606$439,607▼ $80,999
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Debra VanderwerfDirectorFT$52,314$52,314

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$892,709
Program Service Revenue
$0
Investment Income
$23
Other Revenue
$0
All Other Contributions
$892,709
Change in Net Assets
$-73,149

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$715,650Fair Market Value (FMV)
Total Noncash Contributions$715,650-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$965,806
Total Fundraising Expense$1,009
Grants and Similar Amounts Paid$75
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$715,650--$715,650
Fees for Services Other$188,780$19,472-$208,252
Conferences and Meetings$12,000--$12,000
Office Expenses-$11,366-$11,366
Travel$8,225--$8,225
Fees for Services Legal-$7,571-$7,571
Information Technology$1,451-$1,009$2,460
Advertising$240$42-$282
Grants to Domestic Orgs$75--$75
Total Functional Expenses$926,421$38,451$1,009$965,881
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
Yes
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, tami simon and nils mccarty works for sounds true, inc. One of the independent contractors, sibyl chavis works 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
300 S PUBLIC RD, LAFAYETTE, CO 80026

Signing Officer

Name
Nils Mccarty
Title
Treasurer
Phone
3036653151
Signed
2023-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nils Mccarty
Formed
2012
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
50

Preparer

Firm
Kco Inc
Address
245 CENTURY CIR STE 206, LOUISVILLE, CO 80027-1697
Preparer
Mark Kightlinger
Phone
3034493830
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Prison outreach - in 2022, the foundation started partnering with organizations that have direct access to incarcerated individuals. Through our partnership with organizations that provide e-learning tabelts within the prison system (such as edovo), more than 250,000 incarcerated individuals will have free access to select wisdom-based teachings through audio, video, and e-book content. In addition, the foundation is working with other non profit organizations approved to deliver physical books to correctional facilities to support prison library programs.”

Form 990, Part IX, Line 11G

“Contractors: program service expenses 188,780. Management and general expenses 19,472. Fundraising expenses 0. Total expenses 208,252.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRISON OUTREACH - IN 2022, THE FOUNDATION STARTED PARTNERING WITH ORGANIZATIONS THAT HAVE DIRECT ACCESS TO INCARCERATED INDIVIDUALS. THROUGH OUR PARTNERSHIP WITH ORGANIZATIONS THAT PROVIDE E-LEARNING TABELTS WITHIN THE PRISON SYSTEM (SUCH AS EDOVO), MORE THAN 250,000 INCARCERATED INDIVIDUALS WILL HAVE FREE ACCESS TO SELECT WISDOM-BASED TEACHINGS THROUGH AUDIO, VIDEO, AND E-BOOK CONTENT. IN ADDITION, THE FOUNDATION IS WORKING WITH OTHER NON PROFIT ORGANIZATIONS APPROVED TO DELIVER PHYSICAL BOOKS TO CORRECTIONAL FACILITIES TO SUPPORT PRISON LIBRARY PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAMI SIMON AND NILS MCCARTY HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TWO OF THE BOARD MEMBERS, TAMI SIMON AND NILS MCCARTY WORKS FOR SOUNDS TRUE, INC. ONE OF THE INDEPENDENT CONTRACTORS, SIBYL CHAVIS WORKS FOR SOUNDS TRUE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE GIVEN A COPY OF THE 990 TO REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REGULARLY AND CONSISTENTLY MONITOR AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACTORS: PROGRAM SERVICE EXPENSES 188,780. MANAGEMENT AND GENERAL EXPENSES 19,472. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 208,252.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0520606
IRS990/TotalAssetsEOYAmt0439607
IRS990/TotalAssetsGrp/BOYAmt0520606
IRS990/TotalAssetsGrp/EOYAmt0439607
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0892709
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01009
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038451
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0926421
IRS990/TotalFunctionalExpensesGrp/TotalAmt0965881
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010818
IRS990/TotalLiabilitiesEOYAmt03310
IRS990/TotalLiabilitiesGrp/BOYAmt010818
IRS990/TotalLiabilitiesGrp/EOYAmt03310
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0509788
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0436297
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0926421
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0892732
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0520606
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0439607
IRS990/TotReportableCompRltdOrgAmt052314
IRS990/TravelGrp/ProgramServicesAmt08225
IRS990/TravelGrp/TotalAmt08225
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 S PUBLIC RD
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080026
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NILS MCCARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03036653151
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUNDS TRUE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUN
ReturnHeader/Filer/EIN0461236964
ReturnHeader/Filer/PhoneNum03036653151
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 S PUBLIC RD
ReturnHeader/Filer/USAddress/CityNm0LAFAYETTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080026
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431973095
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KCO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0245 CENTURY CIR STE 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOUISVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0800271697
ReturnHeader/PreparerPersonGrp/PhoneNum03034493830
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK KIGHTLINGER
ReturnHeader/ReturnTs02023-11-03T17:40:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NILS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCARTY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$439,607
Liabilities
$3,310
Net assets
$436,297
Revenue
$892,732
Expenses
$965,881
Net income
-$73,149
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