Overview
What is Soundwaves Art Foundation?
The Soundwaves Art Foundation, located in Lockheart, Texas, is a philanthropic entity committed to creating unique pieces of art. They achieve this by capturing the digital heartbeats of renowned music icons. This art, signed and sold, serves as a means to raise funds for various charitable causes worldwide. The organization's mission is twofold: firstly, they contribute to art by transforming music into a tangible form. Secondly, they direct 100% of their profits towards charities focused on social justice, environmental conservation, disaster relief, music education, and mental health issues. With a small team of 11 dedicated individuals, Soundwaves Art Foundation leverages the power of music to make a positive impact on numerous global concerns.
Official website here: www.soundwavesartfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The Soundwaves Art Foundation has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score reflects concerns primarily in the accountability and financial management sectors. While the organization has a solid program expense ratio of 88.28%, demonstrating a strong commitment to its mission, the lack of independent board members and the inadequate financial statement reporting are notable weaknesses.
The foundation has implemented several good governance policies, including conflict of interest and whistleblower protections, which strengthen its operational integrity. However, the absence of independent board members and shortcomings in financial documentation suggest that there is room for growth in transparency and oversight. The organization does have a good record in asset management, indicated by a very low liabilities to assets ratio.
Overall, while the Soundwaves Art Foundation is effectively utilizing its funds towards programming, it faces challenges in governance and financial reporting. Addressing these areas could enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Soundwaves Art Foundation legitimate?
Soundwaves Art Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soundwaves Art 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: $296,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,742
For more financial information, click here
Official website here: www.soundwavesartfoundation.com
What is the mission statement of Soundwaves Art Foundation?
The Soundwaves Art Foundation operates as a philanthropic entity, creating unique pieces of art by capturing the digital heartbeats of renowned music. This non-profit organization is committed to donating 100% of its profits to charities that focus on various causes, including social justice, environmental conservation, disaster relief, music education, and mental health. By selling these signed art pieces worldwide, the foundation provides substantial financial support to these charitable initiatives, contributing to their mission of making a positive impact on numerous social and environmental issues.
Official website here: www.soundwavesartfoundation.com
Who is the CEO of Soundwaves Art Foundation?
Timothy Wakefield is the Founder/Artist of Soundwaves Art Foundation.
Official website here: www.soundwavesartfoundation.com
What is the revenue of Soundwaves Art Foundation?
Soundwaves Art Foundation's revenue in 2022 was $2,726,744.
Official website here: www.soundwavesartfoundation.com
Who are the executives of Soundwaves Art Foundation and what are their salaries?
The average compensation at Soundwaves Art Foundation during 2022 was $52,679. There are 11 employees at Soundwaves Art Foundation.
Here are 4 key members and their salaries:
- Compensation: $250,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $46,722
- Related: $0
- Other: $0
Official website here: www.soundwavesartfoundation.com
Where can I find the form 990 for Soundwaves Art Foundation?
Soundwaves Art Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soundwavesartfoundation.com
Learn more at the official website: www.soundwavesartfoundation.com
Mission Statement of Soundwaves Art Foundation
Soundwaves Art Foundation, a philanthropic organization, is dedicated to creating unique pieces of art by capturing the digital heartbeats of some of the world's most iconic music. Their mission is twofold: firstly, they produce original artworks, and secondly, they channel 100% of their profits towards charities that focus on various critical issues. These charities include those working on social justice, environmental conservation, disaster relief, music education, and mental health. By selling these signed art pieces, Soundwaves Art Foundation is able to contribute significantly to these causes, thereby making a tangible impact on society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Soundwaves Art Foundation's impact lies in its unique approach to creating original pieces of art from sound waves of iconic music. By translating sound into visual art, the Foundation not only offers a creative and meaningful way for music lovers to engage with their favorite songs but also generates profits that are dedicated to supporting various charitable causes. Through its innovative concept, Soundwaves Art Foundation effectively combines art, music, and philanthropy to make a positive difference in areas such as social justice, environmental conservation, disaster relief, music education, and mental health. By channeling 100% of its profits towards these important causes, the Foundation is able to contribute to meaningful change and support organizations that are working towards creating a better world for all.
This information is meant to be a general summary of Soundwaves Art 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.
- Gross Receipts: $3,275,447
Assets and Liabilities:
- Total Assets: $1,994,087
- Total Liabilities: $55,373
- Net Assets: $1,938,714
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2013
Phone
(512) 457-9401Principal Officer
Timothy Wakefield
Main Address
115 NORTH MAIN STREET, LOCKHART, TX, 78644
NTEE Category
Code: P12 - Human services
If you are a representative of Soundwaves Art Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.