Sounds True Foundation FY2024 filing

Tax-deductible

Denver, CO501(c)(3)Since 2012Public & Societal BenefitEIN 46-1236964Revenue $444K in FY2024

On file with the IRS2128 W 32nd Ave, 80211-3408 · Denver, COTax-exempt since Mar 2016Publicly supported — 509(a)(2)

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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.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 7
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$444K
-20% vs prior year
Spent
$655K
To programs
97%
Net assets
$92K
By yearFY2019–FY2025
Revenue
$444K
FY2024▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2019$369K
FY2020$1.4M
FY2021$807K
FY2022$893K
FY2023$552K
FY2024$444K
FY2025$601K
Expenses
$655K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2019$308K
FY2020$892K
FY2021$867K
FY2022$966K
FY2023$686K
FY2024$655K
FY2025$535K
Net assets
$92K
FY2024▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2019$79K
FY2020$569K
FY2021$510K
FY2022$436K
FY2023$303K
FY2024$92K
FY2025$159K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $635K Management & general 3% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sounds True Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers people with wisdom and tools for personal growth and reaching full potential.

Questions for Sounds True Foundation

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Provided by the organization

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3 programs · $517K · in their own filed words · FY2024
01

Product Donations

In 2024, 9,140 books for adults and children were donated. Additionally, the sounds true foundation provides free registrations for online courses to support those experiencing financial hardship. A total of 1,071 full scholarships to online courses were granted to help individuals in their transformational journey.

$257Kprogram expense
02

Mindful Champions

Students from the fourth cohort, where 103 full scholarships are set to graduate in early 2025. Mindful champions are dedicated to bringing mindfulness to communities in need. One example is smriti, a mindful champion from africa, shares her experience: "I have already started [teaching] with kids in two schools; teachers in one school…

$130Kprogram expense
03

We Are the Great Turning

10 podcast episodes + 8 bonus episodes 1 podcast swap with outrage + optimism + episode drops on 8+ other podcasts the podcast death, sex and money created a special episode introducing listeners to jess and joanna's work. Featured in tink media's 2024 audio delicacies list 152,548 all-time downloads.

$130Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1K
Grants paid · 4 grants · $533K · 2021–2025
Unitemized GrantFY2025$220,000
Unitemized GrantFY2024$100,000
Ivy Child International INCMA · FY2021$94,661

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$444K
Ln 12
Gifts and grantsLn 1h$443K
Investment incomeLn 3$905
Money outPt IX
$655K
Ln 25
Programscol B$635K
Managementcol C$19K
Owns and owesPt X
$92K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$17K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$443K
Noncash giftsLn 1g$257K
Investment incomeLn 3$905
Total revenueLn 12$444K
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$17K
Net assetsLn 32$92K
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$320K$109K
Total assetsLn 16$320K$109K
LiabilitiesLn 26$18K$17K
Net assetsLn 32$303K$92K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$118K$118K
Grants to domestic individualsLn 2$100K$100K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$149K$143K$7K
Office expensesLn 13$23K$16K$7K
Other expenses (24a–d)Ln 24$259K$259K
Total functional expensesLn 25$655K$635K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $601K$535K$67K$159K 990 PDF
FY2024 Viewing $444K$655K−$211K$92K 990 PDF
FY2023 $552K$686K−$134K$303K 990 PDF
FY2022 $893K$966K−$73K$436K 990 PDF
FY2021 $807K$867K−$59K$510K 990 PDF
FY2020 $1.4M$892K$491K$569K 990 PDF
FY2019 $369K$308K$60K$79K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $443,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $552,019$442,923
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $272$905
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $552,291$443,828
I-13 Grants and similar amounts paidPrior year $0$217,915
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $685,946$436,717
I-18 Total expensesPrior year $685,946$654,632
I-19 Revenue less expensesPrior year −$133,655−$210,804
Part VI · Governance 2 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $443,828 across 5 lines filed
VIII-1f All other contributions, gifts and grants$442,923
VIII-1g Noncash contributions (included above)$256,701
VIII-1h Total contributions, gifts and grants$442,923
VIII-3 Investment incomeExcluded from tax $905$905
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $905$443,828
Part IX · Statement of functional expenses $654,632 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $117,915$117,915
IX-2 Grants to domestic individualsPrograms $100,000$100,000
IX-11b Legal feesManagement $2,275$2,275
IX-11c Accounting feesManagement $3,120$3,120
IX-11g Other fees for servicesPrograms $142,678 · Management $6,671$149,349
IX-13 Office expensesPrograms $15,526 · Management $7,235$22,761
IX-24 Other expenses (24a–d)Programs $259,212$259,212
IX-25 Total functional expensesPrograms $635,331 · Management $19,301 · Fundraising $0$654,632
Part X · Balance sheet $108,981 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $320,443$108,981
X-16 Total assetsStart of year $320,443$108,981
X-17 Accounts payable and accrued expensesStart of year $17,791$17,133
X-26 Total liabilitiesStart of year $17,791$17,133
X-32 Total net assets or fund balancesStart of year $302,652$91,848
X-33 Total liabilities and net assetsStart of year $320,443$108,981
Part XI · Reconciliation of net assets $91,848 net assets at year end
XI-1 Total revenue$443,828
XI-2 Total expenses$654,632
XI-3 Revenue less expenses−$210,804
XI-4 Net assets at start of year$302,652
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$91,848

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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