Civic Intelligence

Sound Start Foundation a Nj Nonprofit Corporation

990 • Fiscal year 2021 • EIN 85-2098341

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 14, 2022

PO Box 155Mountain Lakes, NJ 07046

(201) 650-1373

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.09x

Higher debt load relative to revenue than 48% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

91st percentile

62%

Higher net margin than 91% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$66,648

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

64th percentile

21%

Faster asset growth than 64% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

616%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,448,076

Up $426,486 (+21%) from 2020

Net Assets

Up

$2,409,028

Up $389,204 (+19%) from 2020

Liabilities

Up

$39,048

Up $37,282 (+2111%) from 2020

Revenue

Up

$444,057

Up $382,029 (+616%) from 2020

Expenses

Up

$167,005

Up $161,633 (+3009%) from 2020

Net Income

Up

$277,052

Up $220,396 (+389%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2020: $2,021,590Liabilities 2020: $1,766Net Assets 2020: $2,019,8242020Assets 2021: $2,448,076Liabilities 2021: $39,048Net Assets 2021: $2,409,0282021Assets 2022: $2,095,554Liabilities 2022: $37,542Net Assets 2022: $2,058,0122022Assets 2023: $1,565,069Liabilities 2023: $9,000Net Assets 2023: $1,556,0692023Assets 2024: $1,656,961Liabilities 2024: $9,488Net Assets 2024: $1,647,4732024

Highlighted filing

2021

Assets$2,448,076
Liabilities$39,048
Net Assets$2,409,028

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2020: $62,028Expenses 2020: $5,372Net Income 2020: $56,6562020Revenue 2021: $444,057Expenses 2021: $167,005Net Income 2021: $277,0522021Revenue 2022: $610,796Expenses 2022: $623,212Net Income 2022: -$12,4162022Revenue 2023: $693,904Expenses 2023: $1,235,028Net Income 2023: -$541,1242023Revenue 2024: $279,925Expenses 2024: $293,953Net Income 2024: -$14,0282024

Highlighted filing

2021

Revenue$444,057
Expenses$167,005
Net Income$277,052
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 14, 2022
Return Version
2020v4.0
Gross Receipts
$1,914,874
Mission and Program Overview

Mission

Sound Start Foundations mission is to support educational and therapeutic programs to help babies and toddlers with hearing loss, and their families, lead full and successful lives. Sound Start Foundation (the Foundation) supports the Sound Start Babies Program for Deaf and Hard of Hearing Children, which provides life-changing early intervention, family-support and nursery programs to children with hearing loss throughout New Jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,868,383$2,202,047▲ $333,664
Cash and Non-Interest-Bearing Accounts$151,457$120,777▼ $30,680
Prepaid Expenses and Deferred Charges$1,750$37,639▲ $35,889
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,021,590$2,448,076▲ $426,486
Other Assets Total-$87,613-
Liabilities
Other Liabilities-$19,948-
Grants Payable-$10,000-
Accounts Payable and Accrued Expenses$1,766$9,100▲ $7,334
Total Liabilities$1,766$39,048▲ $37,282
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,868,383$2,202,047▲ $333,664
Net Assets Without Donor Restrictions$151,441$206,981▲ $55,540
Total Net Assets Fund Balance$2,019,824$2,409,028▲ $389,204
Total Liabilities and Net Assets / Fund Balance$2,021,590$2,448,076▲ $426,486
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara HusikingExecutive DirectorFT$61,923$4,725$66,648

Board Members and Trustees

NameTitle
Jessica GriffinPresident
C John Desimone IiiVice President
Jack GentulVice President
Cheryl DarpinoTrustee
Jonathan WeizmanTrustee
Richard KalfayanTrustee
Stephanie DeyoTrustee
Heather ScheySecretary
Daniel BorgoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$122,972
Program Service Revenue
$0
Investment Income
$225,851
Other Revenue
$95,234
All Other Contributions
$122,972
Change in Net Assets
$277,052

Audited Revenue Reconciliation

Revenue per Audited Statements
$444,057
Total Revenue per Audited Statements
$444,057
Total Revenue per Form 990
$444,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,068
Total Fundraising Expense$72,343
Salaries, Compensation, and Employee Benefits$66,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$15,480$46,443$61,923
Fees for Services Other-$39,374$6,025$45,399
Fees for Services Accounting-$25,800-$25,800
Office Expenses--$5,988$5,988
Other Employee Benefits-$1,253$3,761$5,014
All Other Expenses-$1,105$1,584$2,689
Insurance-$1,786-$1,786
Other Expenses-$403$1,212$1,615
Advertising--$240$240
Total Functional Expenses$0$94,662$72,343$167,005

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$167,005
Total Expenses per Audited Statements$167,005
Total Expenses per Form 990$167,005
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$95,517
Fundraising Direct Expenses$283
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
New Year Appeal$68,909$68,909$283$68,626
Mothers Day Appeal$24,900$24,900-$24,900
Total Events$93,809$93,809$283$93,526
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid benefit income payable$19,948
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

All board members are supplied with a copy of the return for their review and comment prior to submission to irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members sign a conflict of interest disclosure form annually.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Annual audit and 990 are available on website

Filing and Contact Details

Filer

Filer Name
Sound Start Foundation
EIN
85-2098341
Phone
2016501373
Address
PO BOX 155, MOUNTAIN LAKES, NJ 07046

Signing Officer

Name
Jessica Griffin
Title
President
Signed
2022-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Griffin
Formed
2020
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
0
Employees
0
Volunteers
10

Preparer

Firm
Cullari Carrico LLC
Address
55 Lane Road Ste 300, Fairfield, NJ 07004
Preparer
Robert J Valas
Phone
9734063955
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Contributed net assets from sound start program = $24020

Other Changes In Net Assets Or Fund Balances - Other Increases

Federal id # 22-3473606 = $0

Financial Statement Notes

Part X : FIN48 Footnote

The foundation adopted the provision pertaining to uncertain tax positions (asc topic 740) and had determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01253
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05014
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1PAYROLL TAXES
IRS990/OtherExpensesGrp/Desc2PRINTING
IRS990/OtherExpensesGrp/Desc3401K ADMIN FEES
IRS990/OtherExpensesGrp/FundraisingAmt04433
IRS990/OtherExpensesGrp/FundraisingAmt12657
IRS990/OtherExpensesGrp/FundraisingAmt21212
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07984
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11477
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2403
IRS990/OtherExpensesGrp/TotalAmt07984
IRS990/OtherExpensesGrp/TotalAmt15910
IRS990/OtherExpensesGrp/TotalAmt22657
IRS990/OtherExpensesGrp/TotalAmt31615
IRS990/OtherLiabilitiesGrp/EOYAmt019948
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01750
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037639
IRS990/PrincipalOfficerNm0JESSICA GRIFFIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt062028
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05372
IRS990/PYRevenuesLessExpensesAmt056656
IRS990/PYTotalExpensesAmt05372
IRS990/PYTotalRevenueAmt062028
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0277052
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0149580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062028
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0211608
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0211608
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0149580
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt062028
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0211608
IRS990ScheduleA/TotalSupportAmt0211608
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0167005
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid benefit income payable
IRS990ScheduleD/RevenueSubtotalAmt0444057
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ADOPTED THE PROVISION PERTAINING TO UNCERTAIN TAX POSITIONS (ASC TOPIC 740) AND HAD DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0167005
IRS990ScheduleD/TotalLiabilityAmt019948
IRS990ScheduleD/TotalRevenuePerForm990Amt0444057
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0444057
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0167005
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0283
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0NEW YEAR APPEAL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MOTHERS DAY APPEAL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068909
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt093809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt068909
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt093809
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt093526
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0283
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0283
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE SUPPLIED WITH A COPY OF THE RETURN FOR THEIR REVIEW AND COMMENT PRIOR TO SUBMISSION TO IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL AUDIT AND 990 ARE AVAILABLE ON WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRIBUTED NET ASSETS FROM SOUND START PROGRAM = $24020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEDERAL ID # 22-3473606 = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE SOUND START BABIES PROGRAM FOR DEAF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223473606
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO SUPPORT BABIES WITH HEARING LOSS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0EXEMPT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010 LAKE DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MOUNTAIN LAKES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007046
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false

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