Resound Corporation

Organization Overview

Resound Corporation is located in Colorado Springs, CO. The organization was established in 2003. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2022, Resound Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resound Corporation 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 09/2022, Resound Corporation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.2m during the year ending 09/2022. While expenses have increased by 11.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RECRUITING AND PLACING SKILLED PROFESSIONALS IN SITUATIONS THAT EQUIP AND ENABLE RESIDENTS TO IMPROVE THEIR QUALITY OF LIFE AND THAT OF THEIR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM 99180002: LEADERSHIP AND CHARACTER DEVELOPMENT WITH CHINESE YOUTH THROUGH YOUTH EXPLORERS PROGRAM BEING DEVELOPED THROUGHOUT CHINA.


PROGRAM 99110377: TRAINING IN INTERCULTURAL COMMUNICATION FOR CHINESE ENGAGING INTERCULTURALLY AS PART OF THE CHINESE ONE BELT/ONE ROAD INITIATIVE.


PROGRAM 99180003: LEADERSHIP AND CHARACTER DEVELOPMENT THROUGH COACHING YOUTH IN BASKETBALL. DIRECTING THE GLOBAL BASKETBALL ARM OF GLOBAL SPORTS PARTNERS, A COMPANY WHICH CONNECTS SKILLED SPORTS PROFESSIONALS WITH NEEDS ON CLUB TEAMS AROUND THE WORLD.


PROVIDING PRINCIPLE BASED LEADERSHIP TO THE LOCAL COMMUNITY. SUPPORTING LOCAL NGOS WITH CLEAN WATER AND SANITATION PROJECTS; PROVIDING VOCATIONAL TRAINING FOR REFUGEE COMMUNITIES; SUPPORTING LOCAL ECONOMIES THROUGH ENTREPRENEURIAL BUSINESS STARTUPS; PROVIDING EDUCATION AND HEALTH RELATED RESOURCES TO ECONOMICALLY DISADVANTAGED COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Joshua Kruse
President
$75,949
Roderick Beidler
Board Chairman
$0
Richard Grady
Secretary
$0
Donnell R Sanford
Treasurer
$0
Rick Heupel
Board Member
$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$1,314,962
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,314,962
Total Program Service Revenue$0
Investment income -$3,455
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 $1,311,507

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Resound Corporation has recieved totaling $56,913.

Awarding OrganizationAmount
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: POVERTY

$26,668
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$18,245
The New Horizons Foundation Inc

Colorado Springs, CO

PURPOSE: PROGRAM SUPPORT

$6,000
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$6,000
View Grant Recipient Profile

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