Resound Corporation

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1999InternationalEIN 84-1529992Revenue $1.7M in FY2025

On file with the IRSresoundcorp.org3472 Research Pkwy Ste 104, 80920-1066 · Colorado Spgs, COTax-exempt since Sep 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Placing skilled individuals in countries with developing economies to help those countries accomplish their national goals in areas such as economic development, health, education, and sports.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average surplus $14K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 8% of spending
Top officer’s pay lower than 52% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $17K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$198K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+33% vs prior year
Spent
$1.7M
To programs
70%
Net assets
$528K
By yearFY2021–FY2025
Revenue
$1.7M
FY2025▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$1.2M
FY2024$1.3M
FY2025$1.7M
Expenses
$1.7M
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.0M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
FY2025$1.7M
Net assets
$528K
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$673K
FY2022$789K
FY2023$672K
FY2024$576K
FY2025$528K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2003.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.2M Management & general 18% · $313K Fundraising 12% · $212K

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

7 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$131,932Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joshua Kruse’s $132K as President is at the 48th percentile of top reported officer pay among 1168 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Joshua Kruse$131,932$93,109$95,860$75,949

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects skilled professionals with communities to improve residents' lives.

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Provided by the organization

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3 programs · $415K · in their own filed words · FY2024
01

Program 99110377

Provide cross-cultural skills training to Chinese workers preparing to relocate internationally as part of the One Belt / One Road initiative.

$149Kprogram expense
02

Program 99110360

Providing youth leadership development through sports coaching and consulting to educational programs in Türkiye.

$137Kprogram expense
03

Program 99110322

Providing vocational training, ESL, and community relief services in the Middle East.

$129Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$17K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$19K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.2M
Managementcol C$313K
Fundraisingcol D$212K
Owns and owesPt X
$528K
net assets · Ln 32
Cash and savingsLn 1–2$385K
Total assetsLn 16$726K
LiabilitiesLn 26$198K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$19K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$242K
SavingsLn 2$144K
Cash and savings togetherLn 1–2$385K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$91K
Other assetsLn 15$0
Total assetsLn 16$726K
LiabilitiesLn 26$198K
Net assetsLn 32$528K
OperationsPt I, VI
EmployeesI 523
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$428K$385K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$104K$91K
Total assetsLn 16$742K$726K
LiabilitiesLn 26$167K$198K
Net assetsLn 32$576K$528K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$15K$15K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$132K$112K$13K$7K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$759K$569K$84K$106K
Pension plan contributionsLn 8$50K$48K$2K$375
Other employee benefitsLn 9$106K$105K$679$99
Payroll taxesLn 10$72K$66K$6K$536
Management feesLn 11a$43K$307$42K$0
Legal feesLn 11b$11K$551$11K$0
Accounting feesLn 11c$53K$384$53K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$69K$0$0$69K
Office expensesLn 13$36K$26K$9K$2K
Information technologyLn 14$7K$3K$4K$2
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$54K$46K$8K$3
TravelLn 17$128K$118K$7K$4K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$25K$19K$6K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$89K$56K$9K$24K
Depreciation, depletion and amortizationLn 22$25K$0$25K$0
InsuranceLn 23$9K$0$9K$0
Other expenses (24a–d)Ln 24$47K$22K$25K$520
Total functional expensesLn 25$1.7M$1.2M$313K$212K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.7M−$48K$528K 990 PDF
FY2024 $1.3M$1.4M−$97K$576K 990 PDF
FY2023 $1.2M$1.3M−$117K$672K 990 PDF
FY2022 $1.3M$1.2M$116K$789K 990 PDF
FY2021 $1.2M$1.0M$214K$673K 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 FY2025 990 (6 parts)
Part I · Summary $1,683,450 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,244,060$1,664,184
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,759$19,266
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,267,819$1,683,450
I-13 Grants and similar amounts paidPrior year $62,220$15,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $887,068$1,119,689
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $415,396$596,688
I-18 Total expensesPrior year $1,364,684$1,731,377
I-19 Revenue less expensesPrior year −$96,865−$47,927
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,683,450 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,664,184
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,664,184
VIII-3 Investment incomeRelated to mission $19,266 · Unrelated business $0 · Excluded from tax $0$19,266
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $19,266 · Unrelated business $0 · Excluded from tax $0$1,683,450
Part IX · Statement of functional expenses $1,731,377 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $15,000$15,000
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $112,071 · Management $13,241 · Fundraising $6,620$131,932
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $569,275 · Management $83,787 · Fundraising $105,898$758,960
IX-8 Pension plan contributionsPrograms $47,638 · Management $2,248 · Fundraising $375$50,261
IX-9 Other employee benefitsPrograms $105,469 · Management $679 · Fundraising $99$106,247
IX-10 Payroll taxesPrograms $65,914 · Management $5,839 · Fundraising $536$72,289
IX-11a Management feesPrograms $307 · Management $42,209 · Fundraising $0$42,516
IX-11b Legal feesPrograms $551 · Management $10,522 · Fundraising $0$11,073
IX-11c Accounting feesPrograms $384 · Management $52,791 · Fundraising $0$53,175
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $69,221$69,221
IX-13 Office expensesPrograms $25,995 · Management $8,549 · Fundraising $1,590$36,134
IX-14 Information technologyPrograms $2,962 · Management $3,703 · Fundraising $2$6,667
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $45,656 · Management $8,260 · Fundraising $3$53,919
IX-17 TravelPrograms $117,551 · Management $7,119 · Fundraising $3,769$128,439
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $19,004 · Management $6,412 · Fundraising $0$25,416
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $56,320 · Management $8,754 · Fundraising $23,780$88,854
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $24,763 · Fundraising $0$24,763
IX-23 InsurancePrograms $0 · Management $9,305 · Fundraising $0$9,305
IX-24 Other expenses (24a–d)Programs $22,161 · Management $24,525 · Fundraising $520$47,206
IX-25 Total functional expensesPrograms $1,206,258 · Management $312,706 · Fundraising $212,413$1,731,377
Part X · Balance sheet $726,103 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $293,399$241,508
X-2 Savings and temporary cash investmentsStart of year $134,277$143,710
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $210,391$250,172
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $104,410$90,713
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $742,477$726,103
X-17 Accounts payable and accrued expensesStart of year $166,933$198,486
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $166,933$198,486
X-27 Net assets without donor restrictionsStart of year $170,439$116,577
X-28 Net assets with donor restrictionsStart of year $405,105$411,040
X-32 Total net assets or fund balancesStart of year $575,544$527,617
X-33 Total liabilities and net assetsStart of year $742,477$726,103
Part XI · Reconciliation of net assets $527,617 net assets at year end
XI-1 Total revenue$1,683,450
XI-2 Total expenses$1,731,377
XI-3 Revenue less expenses−$47,927
XI-4 Net assets at start of year$575,544
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$527,617

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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