Resound Corporation in Colorado Spgs, Colorado (CO)

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Resound Corporation
Employer Identification Number (EIN)841529992
Name of OrganizationResound Corporation
In Care of NameDouglas A Lagasse
Address3472 Research Pkwy Ste 104, Colorado Spgs, CO 80920-1066
SubsectionEducational Organization
Ruling Date09/2003
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$88,108
Amount of Income$416,143
Form 990 Revenue Amount$416,143
National Taxonomy of Exempt Entities (NTEE)International, Foreign Affairs and National Security: International Development, Relief Services


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Amount of income in 2012: $416,143 (it was $618,569 in 2011)
Resound Corporation: 

 $416,143
Other organizations performing similar types of work: 

 $76,484

Assets in 2012: $88,108 (it was $113,100 in 2011)
This organization: 

 $88,108
Other organizations performing similar types of work: 

 $28,773

Financial snapshot ($)

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$618,569
Contributions, Gifts, Grants and Other Similar Amounts$618,569
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$656,993
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$319,631
Payroll taxes$19,331
Professional fundraising services$0
Other$318,031
Balance Sheet (for 2011)
Total assets$113,100
Total liabilities$39,400
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$39,400
Total net assets or fund balances$73,700
Retained earnings, endowment, accumulated income, or other funds$73,700
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$2,621,838
Gifts, grants, contributions, and membership fees received$2,621,838
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Joint Israel711 Third Avenue, New York, NY 10017-4014NY2002-11$68,654,000
2Millennium Promise Alliance Inc475 Riverside Dr Ste 1040, New York, NY 10115-0060NY2006-01$34,368,344
3Center For Social Change Inc6600 Amberton Dr, Elkridge, MD 21075-6216MD2003-11$12,849,521
4Development Gateway Inc1889 F St Ne Second Floor, Washington, DC 20006DC2002-01$7,113,895
5Fundacion Costa Rica-Estados Unidos De America Para La Cooperation12229-1000 San Jose, Costa Ricainternational2000-03$5,692,202
6Enterpriseworks Vita1825 Connecticut Ave Nw, Washington, DC 20009DC1977-04$3,361,810
7Childfund Alliance2821 Emerywood Pkwy, Richmond, VA 23294-3726VA2002-04$718,517
8Olpc Foundation, 2b1 Worldwide Or 2b1222 3rd Street Suite 0234, Cambridge, MA 02142-1102MA2006-11$678,296
9Under The Baobab Tree Inc1380 Monroe St Nw, Washington, DC 20010-3452DC2005-12$455,312
10Kibo Group International Incorporated604 S Redwood Ave, Broken Arrow, OK 74012-4517OK2004-05$313,496
11Engineers Without Borders Usa Inc4665 Nautilus Ct S Ste 300, Boulder, CO 80301-3263CO2002-06$4,130,602
12Gods Littlest Angels Inc2283 Waynoka Rd Ste A, Colorado Spgs, CO 80915-1636CO2003-11$2,069,184
13Health Education For Africa Resource TeamPO BOX 631964, Hghlnds Ranch, CO 80163-1964CO2000-12$853,693
14Children Of The Nile Foundation4531 Silver Gate Dr, Castle Rock, CO 80108-8472CO2005-12$438,789
15Resound Corporation3472 Research Pkwy Ste 104, Colorado Spgs, CO 80920-1066CO2003-09$416,143
16Asian Pacific Children Fund166 Turner Dr, Durango, CO 81303-7975CO2007-03$405,380
17Outreach Uganda9457 S University Blvd 410, Highlands Ranch, CO 80126-4976CO2008-05$297,015
18Global Parks Inc, Bridge Of Life762 W Eisnhwr Blvd, Loveland, CO 80537-3157CO2004-06$192,526
19Into Your Hands IncPO BOX 3981, Evergreen, CO 80437-3981CO2007-06$181,549
20Bridging Hope Inc5320 N Columbine Rd, Denver, CO 80221CO2008-07$167,944
Number of organizations performing similar types of work
Alaska6
Alabama20
Arkansas9
Arizona51
California566
Colorado82
Connecticut42
District of Columbia104
Delaware11
Florida213
Georgia140
Hawaii5
Iowa21
Idaho12
Illinois104
Indiana58
Kansas20
Kentucky22
Louisiana16
Massachusetts117
Maryland159
Maine21
Michigan88
Minnesota108
Missouri34
Mississippi7
Montana11
North Carolina74
North Dakota5
Nebraska13
New Hampshire13
New Jersey83
New Mexico17
Nevada23
New York299
Ohio71
Oklahoma37
Oregon55
Pennsylvania87
Rhode Island5
South Carolina22
South Dakota3
Tennessee55
Texas229
Utah39
Virginia157
Vermont11
Washington124
Wisconsin41
West Virginia6
Wyoming1
International13
Total3,530

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