Sound Body Sound Mind Foundation
- Assets
- $0.0
- Revenue
- $81.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2005
- Data as of
- 12/2020
- EIN
- 20-3604882
Organization Overview
Sound Body Sound Mind Foundation is located in Los Angeles, CA. The organization was established in 2005. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. Sound Body Sound Mind Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Sound Body Sound Mind Foundation generated $81.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.8%) each year. All expenses for the organization totaled $381.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sound Body Sound Mind Foundation has awarded 33 individual grants totaling $1,188,877. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SELF-CONFIDENCE AND HEALTHY LIFESTYLE CHOICES AMONG LOS ANGELES YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS OF STATE-OF-THE-ART PHYSICAL FITNESS EQUIPMENT FOR A NEW FITNESS CENTER AT PARTICIPATING LOS ANGELES AREA SCHOOLS. ADDITIONAL FUNDING IS ALSO PROVIDED FOR EQUIPMENT MAINTENANCE, PROFESSIONAL DEVELOPMENT FOR PHYSICAL EDUCATION TEACHERS, AND AFTER-SCHOOL SUPERVISION FOR UP TO THREE YEARS. DURING THE 2020 CALENDAR YEAR, THE SOUND BODY SOUND MIND FOUNDATION OPENED FULL FITNESS CENTER PROGRAMS AT 3 NEW SCHOOLS, 2 IN LOS ANGELES UNIFIED AND 1 IN LONG BEACH UNIFIED, FURTHERING OUR REACH IN BOTH DISTRICTS. IN MARCH 2020, ALL SCHOOLS TRANSITIONED TO REMOTE LEARNING DUE TO THE ONSET OF THE COVID-19 PANDEMIC, HALTING ALL DATA COLLECTION EFFORTS AND PROGRAMMING AT OUR SCHOOLS. SBSM BEGAN PROVIDING SCHOOLS A WEEKLY REMOTE LEARNING DIGEST AIMED AT PROVIDING PHYSICAL EDUCATION RESOURCES FOR HOME USE. ADDITIONALLY, SBSM DISTRIBUTED OVER 5,000 HOME PHYSICAL EDUCATION KITS ACROSS LOS ANGELES TO FURTHER ENCOURAGE MOVEMENT AT HOME WHILE SUPPLYING MUCH NEEDED EQUIPMENT. SBSM'S OTHER PRIORITY PROGRAMMING FOCUS WAS THE ENHANCEMENT OF PAST SCHOOL FITNESS CENTERS THROUGH MAINTENANCE AND REPLACEMENT EQUIPMENT. A DOZEN SCHOOLS WERE SUPPORTED THROUGH THIS INITIATIVE. AS THE 2020-2021 SCHOOL YEAR BEGAN, SBSM LAID THE GROUNDWORK TO EXPAND INTO THE GLENDALE UNIFIED SCHOOL DISTRICT OVER THE NEXT TWO ACADEMIC YEARS WITH A TARGET OF 8 NEW FITNESS CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Simon President/director | OfficerTrustee | 3 | $0 |
William E Simon Jr Chairman/director | OfficerTrustee | 5 | $0 |
Michael T Oliveri Treasurer/vice President | Officer | 2 | $0 |
Matthew Flesock Secretary | Officer | 40 | $0 |
Frank E Baxter Director | Trustee | 0.3 | $0 |
Jesse Casso Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,318 |
| Total Program Service Revenue | $0 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,318 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,250 |
| Advertising and promotion | $15,845 |
| Office expenses | $9,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $380,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Sound Body Sound Mind Foundation has awarded $145,498 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES CENTER FOR ENRICHED STUDENTS PURPOSE: INSTALLATION/MAINTENANCE OF GYM EQUIPMENT | $49,424 |
CHARLES EVANS HUGHES MIDDLE SCHOOL PURPOSE: INSTALLATION/MAINTENANCE OF GYM EQUIPMENT | $41,431 |
PAUL REVERE CHARTER SCHOOL PURPOSE: INSTALLATION/MAINTENANCE OF GYM EQUIPMENT | $39,477 |
VAN NUYS HIGH SCHOOL PURPOSE: INSTALLATION/MAINTENANCE OF GYM EQUIPMENT | $15,166 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sound Body Sound Mind Foundation has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
K & F Baxter Family Foundation S Pasadena, CA PURPOSE: GENERAL | $25,000 |
K & F Baxter Family Foundation S Pasadena, CA PURPOSE: GENERAL | $25,000 |
| $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreation Centers Of Sun City West Inc Sun City West, AZ | $90,574,642 | $30,539,060 |
Recreation Centers Of Sun City Inc Sun City, AZ | $134,200,699 | $24,514,944 |
Summerlin Council Las Vegas, NV | $2,670,671 | $14,092,802 |
Elite Athlete Services Llc Chula Vista, CA | $1,496,608 | $8,695,406 |
Fort Mason Center San Francisco, CA | $56,018,448 | $12,125,879 |
Together We Rise Corporation Brea, CA | $12,918,832 | $8,918,064 |
Oakland Parks And Recreation Foundation Oakland, CA | $2,372,224 | $5,180,851 |
Revelation Wellness Foundation Phoenix, AZ | $2,310,255 | $2,402,674 |
Community Cycling Center Portland, OR | $977,321 | $2,001,865 |
Arizona Recreation Center For The Handicapped Phoenix, AZ | $9,226,834 | $2,236,160 |
Ciclavia Inc Los Angeles, CA | $239,557 | $1,284,171 |
Greater Santa Barbara Ice Skating Association Santa Barbara, CA | $13,267,140 | $1,024,865 |