Overview
What is Resound Corporation?
Resound Corporation is a nonprofit organization situated in Colorado Springs, Colorado. With a staff of 14 dedicated individuals, its primary mission involves placing skilled professionals in various settings worldwide. These professionals contribute to improving the livelihoods of local residents and their communities. Notably, Resound Corporation is engaged in an initiative aimed at nurturing leadership and character development among Chinese youth through its Youth Explorers program, which is currently being developed across China. This program is an essential part of Resound Corporation's broader objective to support developing economies, contributing to areas such as economic development, health, education, and sports.
Official website here: www.resoundcorp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Resound Corporation has earned an impressive Four-Star rating from Charity Navigator, reflecting a 96% score primarily based on its accountability and finance practices. This high rating indicates that the organization demonstrates a strong commitment to financial transparency and effective governance, which are crucial for donor trust and support.
The organization boasts a majority independent board with 83% of its members being independent, and it has established robust policies for audit, conflict of interest, and whistleblowing. Financially, Resound Corporation maintains a low liabilities-to-assets ratio of 4.69% and allocates 80.53% of its expenses directly to programs, signaling a focus on fulfilling its mission rather than administrative overhead.
While the organization shows many strengths in governance and financial management, continued vigilance in maintaining these practices will be important for sustaining donor confidence and operational effectiveness. Overall, Resound Corporation stands out as a well-managed nonprofit with a clear dedication to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Resound Corporation legitimate?
Resound Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resound Corporation 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: $660,300
For more financial information, click here
Official website here: www.resoundcorp.org
What is the mission statement of Resound Corporation?
Resound Corporation's mission involves recruiting and placing skilled professionals in developing countries. The goal is to aid these nations in achieving their national objectives in sectors such as economic development, health, education, and sports. One of their initiatives includes a leadership and character development program for Chinese youth, called Youth Explorers, which is being rolled out across China.
Official website here: www.resoundcorp.org
What is the revenue of Resound Corporation?
Resound Corporation's revenue in 2023 was $1,213,389.
Official website here: www.resoundcorp.org
Who are the executives of Resound Corporation and what are their salaries?
The average compensation at Resound Corporation during 2023 was $36,683. There are 18 employees at Resound Corporation.
Here are 6 key members and their salaries:
- Compensation: $95,860
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Official website here: www.resoundcorp.org
Where can I find the form 990 for Resound Corporation?
Resound Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.resoundcorp.org
Learn more at the official website: www.resoundcorp.org
Mission Statement of Resound Corporation
Resound Corporation, a nonprofit organization, is dedicated to making a significant impact in developing countries by strategically placing skilled professionals. Their mission is to contribute to the betterment of these nations in various sectors, including economic development, health, education, and sports. By doing so, Resound Corporation aims to empower local communities and residents to enhance their quality of life.
One of Resound Corporation's initiatives is the Youth Explorers program, which focuses on leadership and character development among Chinese youth. This program, under the project code 99180002, is being implemented throughout China, demonstrating Resound Corporation's commitment to investing in the future leaders of these nations. By fostering the growth and development of these young individuals, Resound Corporation is contributing to a more prosperous and self-sufficient future for these communities.
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Impact
July, 2024
Resound Corporation's impact is significant in recruiting and placing skilled professionals in situations that equip and enable residents to improve their quality of life and that of their community. Through programs like Leadership and character development with Chinese youth through the Youth Explorers program in China, Resound Corporation is making a notable difference in developing economies by helping countries accomplish their national goals in areas such as economic development, health, education, and sports. This organization plays a crucial role in empowering individuals and communities, particularly in international settings.
This information is meant to be a general summary of Resound Corporation. 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 2023.
- Investment Income: $17,116
- Gross Receipts: $1,213,389
Assets and Liabilities:
- Total Assets: $802,927
- Total Liabilities: $13,556
- Net Assets: $789,371
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Organization Details
Founding Year
1999
Principal Officer
Donnell Ray Sanford Jr
Website
www.resoundcorp.orgNTEE Category
Code: Q30 - International
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