Listen Foundation FY2021 filing

Soquel, CA · Public charity (501(c)(3)) · Diseases & Disorders

✓ Tax-deductible
Revenue
$894K
-7% vs prior year
Spent
$817K
To programs
80%
Net assets
$234K
By yearFY2020–FY2025
Revenue
$894K
FY2021▼ -7%
Revenue by fiscal year
FY2020$959K
FY2021$894K
FY2022$707K
FY2023$952K
FY2024$1.0M
FY2025$1.1M
Expenses
$817K
FY2021▼ -12%
Expenses by fiscal year
FY2020$932K
FY2021$817K
FY2022$673K
FY2023$824K
FY2024$1.0M
FY2025$987K
Net assets
$234K
FY2021▲ +42%
Net assets by fiscal year
FY2020$165K
FY2021$234K
FY2022$268K
FY2023$396K
FY2024$260K
FY2025$382K

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CListen Foundation
EINHdr · item D94-2781736
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1983
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSoquel, CA
NTEE classificationIRS BMFDiseases & Disorders (G84Z)
WebsiteHdr · item Jwww.listenfoundation.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$656K
Management & general20%$161K
Total functional expensesLn 25$817K

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$304K
FY2021▼ -5%
Total assets by fiscal year
FY2020$320K
FY2021$304K
FY2022$292K
FY2023$423K
FY2024$301K
FY2025$416K
Total liabilities
$69K
FY2021▼ -55%
Total liabilities by fiscal year
FY2020$155K
FY2021$69K
FY2022$24K
FY2023$27K
FY2024$41K
FY2025$34K
Revenue less expensesPt I · Ln 19$76K
Total assetsPt X · Ln 16$304K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$304K
Total liabilitiesLn 26$69K
Total net assetsLn 32$234K
Months of cash on handcomputed3.6

Statement of Revenue

Part VIII
Program service revenue$845K · 95%
Contributions & grants$44K · 5%
Investment income$5K · 1%
Program service revenue95%$845K
Contributions & grants5%$44K
Investment income1%$5K
— government grantsLn 1e$15K
Total revenueLn 12$894K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $247K · Operating expenses/yr $817K
3.6 months
Where the money goes
Program services
Program services $656K · Total expenses $817K
80%
Management & General
Management & general $161K · Total expenses $817K
20%
Fundraising
Fundraising $0 · Total expenses $817K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $34K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $894K
5%
Government reliance
Government grants $15K · Total revenue $894K
2%
Earned-income share
Program service revenue $845K · Total revenue $894K
95%
Investment reliance
Investment income $5K · Total revenue $894K
+0.6%
Program self-sufficiency
Program service revenue $845K · Total expenses $817K
103%
Growth & trend
Revenue growth (YoY)
This year $894K · Prior year $959K
-7%
Net-asset trend (YoY)
End of year $234K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $894K · Expenses $817K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $304K
—
Net-asset ratio
Net assets $234K · Total assets $304K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $304K
0%
People & payroll
Highest Reported Total Compensation
Individual Julie Thornton · Reported title President · Highest reported compensation $23K · Total expenses $817K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $565K · Total expenses $817K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Fundraising cost ratio 0%——
Revenue growth -7%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.7%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$23,498Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Julie Thornton’s $52K as Executive Dir. is at the 5th percentile of top reported officer pay among 733 $1–10M diseases & disorders 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Thornton$52,500$49,733$52,500———
Julie Thornton———$35,365$23,498$1,928

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.

See Listen Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Offers independent living facilities for autistic adults.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $656K of program spending, described in the organization's own filed words · FY2020.
01

Provided supported living services to adults with autism.

$656Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.1M$987K+10% 990 PDF
FY2024 $1.0M$1.0M+6% 990 PDF
FY2023 $952K$824K+35% 990 PDF
FY2022 $707K$673K-21% 990 PDF
FY2021 Viewing $894K$817K-7% 990 PDF
FY2020 $959K$932K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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