Sound Future Foundation
- Assets
- $198.6k
- Revenue
- $585.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Charlottesville, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2610473
Organization Overview
Sound Future Foundation is located in Charlottesville, VA. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Future 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 12/2023, Sound Future Foundation generated $585.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 60.4% each year . All expenses for the organization totaled $532.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOUND FUTURE FOUNDATION WAS FORMED WITH THE GOAL OF RESEARCHING AND DEVELOPING MEANINGFUL SOLUTIONS TO ADDRESS THE ENVIRONMENTAL IMPACT OF LIVE EVENTS. LIVE EVENTS ARE GENERALLY NOT ENVIRONMENTALLY FRIENDLY AND HAVE A LARGE CARBON FOOTPRINT DUE TO THEIR LARGE CONSUMPTION OF ENERGY AND WASTE PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATING AND DIRECTLY CONDUCTING RESEARCH REGARDING WAYS THE LIVE EVENT INDUSTRY CAN OPERATE IN A MORE ENVIRONMENTALLY SUSTAINABLE MANNER.
EDUCATING THE GENERAL PUBLIC REGARDING SOLUTIONS LIVE EVENTS CAN AND ARE IMPLEMENTING TO LESSEN THEIR NEGATIVE ENVIRONMENTAL IMPACT. THE FOUNDATION WILL USE THE RESULTS OF ITS RESEARCH TO ADVOCATE WIDESPREAD ADOPTION OF SUCCESSFUL PRACTICES AND SOLUTIONS IN A MANNER THAT SLOWS OR BEGINS TO REVERSE THE NEGATIVE IMPACT EVENTS HAVE ON THE ENVIRONMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Schultz President | OfficerTrustee | 1 | $0 |
Kelci Zile Cdo | OfficerTrustee | 1 | $0 |
Terah Lyons Trustee | Trustee | 1 | $0 |
Joe Atamian Trustee | Trustee | 1 | $0 |
Alex Bruford Trustee | Trustee | 1 | $0 |
Sara Full Trustee | Trustee | 1 | $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 | $585,762 |
| Noncash contributions included in lines 1a–1f | $178,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,762 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | $585,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $300,000 |
| Compensation of current officers, directors, key employees. | $300,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,489 |
| 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 | $0 |
| Advertising and promotion | $150,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $841 |
| All other expenses | $1,327 |
| Total functional expenses | $532,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,574 |
| 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 | $100,000 |
| Total assets | $198,574 |
| 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 | $65,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,000 |
| Net assets without donor restrictions | $133,574 |
| 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 | $198,574 |