Civic Intelligence

Sounds True Foundation

990 • Fiscal year 2023 • EIN 46-1236964

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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

61st percentile

0.06x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

8th percentile

-27%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-38%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$320,443

Down $119,164 (-27%) from 2022

Net Assets

Down

$302,652

Down $133,645 (-31%) from 2022

Liabilities

Up

$17,791

Up $14,481 (+437%) from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin14th percentile

Revenue

Down

$552,291

Down $340,441 (-38%) from 2022

Expenses

Down

$685,946

Down $279,935 (-29%) from 2022

Net Income

Down

-$133,655

Down $60,506 (-83%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2023

Assets$320,443
Liabilities$17,791
Net Assets$302,652
Open 2023 Filing

Operations Trend

Revenue Growth9th 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

2023

Revenue$552,291
Expenses$685,946
Net Income-$133,655
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$552,291
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$439,607$320,443▼ $119,164
Rtn Earn Endowment Incm Other Fnds$436,297$302,652▼ $133,645
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$439,607$320,443▼ $119,164
Liabilities
Accounts Payable and Accrued Expenses$3,310$17,791▲ $14,481
Total Liabilities$3,310$17,791▲ $14,481
Net Assets / Fund Balance
Total Net Assets Fund Balance$436,297$302,652▼ $133,645
Total Liabilities and Net Assets / Fund Balance$439,607$320,443▼ $119,164
Compensation and Service Providers
Top Officer Pay54th percentile

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
$552,019
Program Service Revenue
$0
Investment Income
$272
Other Revenue
$0
All Other Contributions
$552,019
Change in Net Assets
$-133,655

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$498,513Fair Market Value (FMV)
Total Noncash Contributions$498,513-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$685,946
Total Fundraising Expense$1,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$348,619--$348,619
Fees for Services Other$299,147$4,700$1,511$305,358
Office Expenses$4,542$9,725-$14,267
Travel$9,501--$9,501
Conferences and Meetings$3,000--$3,000
Fees for Services Legal-$2,220-$2,220
Information Technology$2,038--$2,038
Advertising-$775$168$943
Total Functional Expenses$666,847$17,420$1,679$685,946
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
2024-11-13
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
51

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 IX, Line 11G

“Contractors: program service expenses 299,147. Management and general expenses 4,700. Fundraising expenses 1,511. Total expenses 305,358.”

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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/Desc0PRODUCT DONATIONS - 4,991 BOOKS FOR ADULTS AND CHILDREN WERE DONATED IN 2023. ADDITIONALLY, THE SOUNDS TRUE FOUNDATION PROVIDES FREE REGISTRATIONS FOR ONLINE COURSES TO SUPPORT THOSE EXPERIENCING FINANCIAL HARDSHIP. A TOTAL OF 1,546 FULL SCHOLARSHIPS TO ONLINE COURSES WERE GRANTED TO HELP INDIVIDUALS IN THEIR TRANSFORMATIONAL JOURNEY.
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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, TAMI SIMON AND NILS MCCARTY WORKS FOR SOUNDS TRUE, INC. ONE OF THE INDEPENDENT CONTRACTORS, SIBYL CHAVIS WORKS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTORS: PROGRAM SERVICE EXPENSES 299,147. MANAGEMENT AND GENERAL EXPENSES 4,700. FUNDRAISING EXPENSES 1,511. TOTAL EXPENSES 305,358.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0439607
IRS990/TotalAssetsEOYAmt0320443
IRS990/TotalAssetsGrp/BOYAmt0439607
IRS990/TotalAssetsGrp/EOYAmt0320443
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0552019
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01679
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0666847
IRS990/TotalFunctionalExpensesGrp/TotalAmt0685946
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03310
IRS990/TotalLiabilitiesEOYAmt017791
IRS990/TotalLiabilitiesGrp/BOYAmt03310
IRS990/TotalLiabilitiesGrp/EOYAmt017791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0436297
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0302652
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0666847
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0272
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0552291
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt051
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0439607
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0320443
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt09501
IRS990/TravelGrp/TotalAmt09501
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/AddressLine1Txt0300 S PUBLIC RD
IRS990/USAddress/CityNm0LAFAYETTE
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080026
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NILS MCCARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03036653151
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUNDS TRUE FOUNDATION
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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/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK KIGHTLINGER
ReturnHeader/ReturnTs02024-11-14T10:12:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$320,443
Liabilities
$17,791
Net assets
$302,652
Revenue
$552,291
Expenses
$685,946
Net income
-$133,655
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