Sound Foundations Nw FY2023 filing

Tax-deductible

Bellevue, WA501(c)(3)Since 2018HousingEIN 85-3697725Revenue $630K in FY2023

On file with the IRSsoundfoundationsnw.org12819 Se 38th St Pmb 40, 98006-1326 · Bellevue, WATax-exempt since Nov 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Sound Foundations NW builds and donates tiny transitional homes for the homeless. Getting the homeless off the streets into a warm safe and dry space until they can get permanent housing is our mission.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
5 of 5
filings with a surplus
Average surplus $169K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$630K
-11% vs prior year
Spent
$592K
To programs
100%
Net assets
$178K
By yearFY2021–FY2025
Revenue
$630K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$392K
FY2022$710K
FY2023$630K
FY2024$834K
FY2025$787K
Expenses
$592K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$331K
FY2022$631K
FY2023$592K
FY2024$333K
FY2025$621K
Net assets
$178K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2021$61K
FY2022$140K
FY2023$178K
FY2024$679K
FY2025$1.0M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $592K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Board of Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Sound Foundations Nw 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

Builds tiny transitional homes to provide safe, warm shelter for the homeless.

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Provided by the organization

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1 program · $592K · in their own filed words · FY2023
01

Sound poundations NW builds tiny traditional homes for the homeless. Providing a way to get the homeless off the streets and into a space that is warm, safe and dry until they can get premanent housing. Finished and donated 136 tiny transitional homes

$592Kprogram 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 1 funder$8K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$630K
Ln 12
Gifts and grantsLn 1h$630K
Money outPt IX
$592K
Ln 25
Programscol B$592K
Owns and owesPt X
$178K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$178K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$630K
Total revenueLn 12$630K
Assets in detailPt X, end of year
CashLn 1$178K
Cash and savings togetherLn 1–2$178K
Total assetsLn 16$178K
LiabilitiesLn 26$0
Net assetsLn 32$178K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$140K$178K
Total assetsLn 16$140K$178K
LiabilitiesLn 26$0$0
Net assetsLn 32$140K$178K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$592K$592K
Total functional expensesLn 25$592K$592K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $787K$621K$166K$1.0M 990 PDF
FY2024 $834K$333K$501K$679K 990 PDF
FY2023 Viewing $630K$592K$38K$178K 990 PDF
FY2022 $710K$631K$79K$140K 990 PDF
FY2021 $392K$331K$61K$61K 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 FY2023 990 (6 parts)
Part I · Summary $630,083 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $709,770$630,083
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $709,770$630,083
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $631,253$591,796
I-18 Total expensesPrior year $631,253$591,796
I-19 Revenue less expensesPrior year $78,517$38,287
Part VI · Governance 5 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $630,083 across 3 lines filed
VIII-1f All other contributions, gifts and grants$630,083
VIII-1h Total contributions, gifts and grants$630,083
VIII-12 Total revenue$630,083
Part IX · Statement of functional expenses $591,796 across 1 line filed
IX-11g Other fees for servicesPrograms $591,796$591,796
IX-25 Total functional expensesPrograms $591,796 · Management $0 · Fundraising $0$591,796
Part X · Balance sheet $177,963 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $139,676$177,963
X-16 Total assetsStart of year $139,676$177,963
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $139,676$177,963
X-33 Total liabilities and net assetsStart of year $139,676$177,963
Part XI · Reconciliation of net assets $177,963 net assets at year end
XI-1 Total revenue$630,083
XI-2 Total expenses$591,796
XI-3 Revenue less expenses$38,287
XI-4 Net assets at start of year$139,676
XI-10 Net assets at end of year$177,963

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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