Overview
What is Sounds True Foundation?
The Sounds True Foundation, situated in Lafayette, Colorado, is a nonprofit organization dedicated to empowering individuals on their personal journeys. Their mission is to disseminate teachings and practices that foster inner wisdom, equipping people with the necessary tools and growth opportunities to flourish and realize their full potential. One of their significant initiatives is providing 103 scholarships to train mindfulness facilitators and community leaders, enabling them to work in spaces impacted by trauma, poverty, and social injustice. The foundation operates with a vision of a world where people have the resources and support to thrive and actualize their potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating. The Sounds True Foundation has received a low score, indicating significant weaknesses in its accountability and financial practices. With a total Accountability & Finance score of 56%, the organization's lack of majority independent board members and poor financial statement transparency are particularly concerning.
Strengths include a perfect score in material diversion of assets and a solid liabilities to assets ratio, suggesting effective asset management. Additionally, the organization has a conflict of interest policy in place, which is a positive aspect of its governance structure. However, the absence of independent board members raises questions about oversight.
Limitations are evident in several critical areas, including a complete lack of documentation regarding board meeting minutes and failure to post essential financial documents on its website. The absence of policies for whistleblowers and document retention further highlights governance gaps. Overall, while there are some strengths, the organization must address its significant shortcomings in accountability and transparency to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Sounds True Foundation legitimate?
Sounds True Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sounds True Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sounds True Foundation?
The Sounds True Foundation's mission is to disseminate teachings and practices that empower individuals on their life journeys. Their vision is to create a world where people have the inner wisdom, tools, and growth opportunities to thrive and realize their full potential. To achieve this, the foundation provides scholarships for training mindfulness facilitators and community leaders, enabling them to work in areas affected by trauma, poverty, and social injustice.
Who is the CEO of Sounds True Foundation?
Nils Mccarty is the President of Sounds True Foundation.
What is the revenue of Sounds True Foundation?
Sounds True Foundation's revenue in 2022 was $892,732.
Who are the executives of Sounds True Foundation and what are their salaries?
There 50 volunteers at Sounds True Foundation.
Here are 6 key members and their salaries:
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- Related: $52,314
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Where can I find the form 990 for Sounds True Foundation?
Sounds True Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sounds True Foundation
The Sounds True Foundation is dedicated to sharing teachings and practices that empower individuals on their personal journeys. Their vision is to foster a world where people possess the inner wisdom, necessary tools, and growth opportunities to thrive and reach their full potential. This nonprofit organization focuses on offering teachings and practices that can help individuals navigate their lives effectively.
In line with its mission, the Sounds True Foundation has taken initiatives to provide scholarships for mindfulness facilitators and community leaders. These individuals work in areas affected by trauma, poverty, and social injustice. By providing these scholarships, the Sounds True Foundation aims to equip these leaders with the skills and knowledge needed to make a positive impact in their communities. This effort demonstrates their commitment to empowering individuals and contributing to the betterment of society as a whole.
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Impact
July, 2024
Sounds True Foundation empowers individuals on their life journeys by sharing teachings and practices to help them thrive and reach their full potential. Through initiatives like Mindful Champions, the foundation has provided 103 scholarships to train mindfulness facilitators and community leaders to work in spaces affected by trauma, poverty, and social injustice. This work contributes to creating a world where people have the inner wisdom, tools, and growth opportunities to flourish.
This information is meant to be a general summary of Sounds True Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23
- Gross Receipts: $892,732
Assets and Liabilities:
- Total Assets: $439,607
- Total Liabilities: $3,310
- Net Assets: $436,297
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Organization Details
Founding Year
2012
Phone
(303) 665-3151Principal Officer
Nils Mccarty
Main Address
300 S PUBLIC RD, LAFAYETTE, CO, 80026
NTEE Category
Code: W99 - Public benefit
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