Sound Future Foundation FY2022 filing

Tax-deductible

Charlottesvle, VA501(c)(3)EnvironmentEIN 88-2610473

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Sound Future Foundation ("Foundation") was formed with the goal of researching and developing meaningful solutions to address the environmental impact of live events. Live events are generally not environmentally friendly and have a large carbon footprint because they consume large amounts of energy and create a lot of waste that is not recyclable or compostable.

501(c)(3) charity; gifts are tax-deductible.
9¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $65K a year · 14% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$86K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$228K
Spent
$169K
To programs
9%
Net assets
$59K
By yearFY2022–FY2024
Revenue
$228K
FY2022
Revenue by fiscal year
FY2022$228K
FY2023$586K
FY2024$590K
Expenses
$169K
FY2022
Expenses by fiscal year
FY2022$169K
FY2023$532K
FY2024$509K
Net assets
$59K
FY2022
Net assets by fiscal year
FY2022$59K
FY2023$134K
FY2024$215K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $15K Management & general 74% · $125K Fundraising 17% · $29K

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

3 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chair, Director, Pres/CEO
$50,000Pt VII · Sec A
Secretary, Director
$0Pt VII · Sec A
Treasurer, Director
$0Pt VII · Sec A

Brandy Schultz’s $55K as President is at the 35th percentile of top reported officer pay among 1989 $100K–1M environment 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 · 2 named individuals · Part VII

NameFY2024FY2022
Brandy Schultz$55,385—
Cassie Lee—$50,000

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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Develops solutions to reduce the environmental impact of live events.

Provided by the organization

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2 program services account for $15K of program spending, described in the organization's own filed words · FY2022.
01

Educating the general public regarding the negative effect live entertainment has on the environment. The foundation will use the results of its research to advocate for the conduct of live events in a manner that slows or hopefully begins to reverse the negative impact these events have on the environment.

$15Kprogram expense
02

Coordinating and directly conducting research regarding ways the live event industry can operate in a more environmentally sustainable manner.

Pt IX · col B

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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$36K
Grants paid · 1 grant · $8K · 2024–2024
Greenwave Organization CorpCT · FY2024$8,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$228K
Ln 12
Gifts and grantsLn 1h$228K
Investment incomeLn 3$6
Money outPt IX
$169K
Ln 25
Programscol B$15K
Managementcol C$125K
Fundraisingcol D$29K
Owns and owesPt X
$59K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$86K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$228K
Investment incomeLn 3$6
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$145K
Cash and savings togetherLn 1–2$145K
Total assetsLn 16$145K
LiabilitiesLn 26$86K
Net assetsLn 32$59K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$145K
Total assetsLn 16$0$145K
LiabilitiesLn 26$0$86K
Net assetsLn 32$0$59K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$50K$50K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$17K$17K
Other fees for servicesLn 11g$44K$44K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$127$127
Information technologyLn 14$15K$15K$355
InsuranceLn 23$500$500
Other expenses (24a–d)Ln 24$29K$602$29K
Total functional expensesLn 25$169K$15K$125K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $590K$509K$81K$215K 990 PDF
FY2023 $586K$532K$53K$134K 990 PDF
FY2022 Viewing $228K$169K$59K$59K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $227,711 across 4 lines filed
VIII-1f All other contributions, gifts and grants$227,705
VIII-1h Total contributions, gifts and grants$227,705
VIII-3 Investment incomeExcluded from tax $6$6
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6$227,711
Part IX · Statement of functional expenses $168,701 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $50,000$50,000
IX-10 Payroll taxesManagement $3,867$3,867
IX-11b Legal feesManagement $16,791$16,791
IX-11g Other fees for servicesManagement $44,394$44,394
IX-12 Advertising and promotionManagement $8,200$8,200
IX-13 Office expensesManagement $127$127
IX-14 Information technologyPrograms $15,000 · Management $355$15,355
IX-23 InsuranceManagement $500$500
IX-24 Other expenses (24a–d)Management $602 · Fundraising $28,865$29,467
IX-25 Total functional expensesPrograms $15,000 · Management $124,836 · Fundraising $28,865$168,701
Part X · Balance sheet $144,810 assets, 7 lines filed
X-1 Cash, non-interest-bearing$144,810
X-16 Total assetsStart of year $0$144,810
X-17 Accounts payable and accrued expenses$20,800
X-26 Total liabilitiesStart of year $0$85,800
X-27 Net assets without donor restrictions$59,010
X-32 Total net assets or fund balancesStart of year $0$59,010
X-33 Total liabilities and net assetsStart of year $0$144,810
Part XI · Reconciliation of net assets $59,010 net assets at year end
XI-1 Total revenue$227,711
XI-2 Total expenses$168,701
XI-3 Revenue less expenses$59,010
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$59,010

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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