Nonprofit · EIN 33-1496600
SOUNDBOARD IMPACT FOUNDATION INC
Tax-exempt · WAYNE, NJ 07470
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $257,744 | $56,649 | $201,095 | $201,095 | $0 | $201,095 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $255,557
- Program service revenue
- $0
- Investment income
- $2,187
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,598
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $3,868
- Program services (functional)
- $56,412
- Management and general (functional)
- $237
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $201,095
- Total liabilities, end of year
- $0
- Net assets, end of year
- $201,095
- Net assets without donor restrictions
- $201,095
- Gross receipts
- $257,744
- Employees
- 0
- Year formed
- 2024
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON BRANDT | Director Trustee or director | 1 | $0 |
| VERONICA FEY | Director Trustee or director | 1 | $0 |
| RICHARD MAGID | President Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 103 CHOPIN DR, WAYNE, NJ 07470-6264
- In care of
- % RICHARD MAGID
- Principal officer (990 for 2025)
- RICHARD MAGID, 103 CHOPIN DRIVE, WAYNE, NJ 07470
- Signed the 990
- RICHARD MAGID, President
- Phone
- (201) 294-8828
- Return prepared by
- MCINTEE FUSARO DEL CORRAL LLC
Mission
THE ORGANIZATION WAS ESTABLISHED TO SUPPORT CHARITABLE ORGANIZATIONS THAT DELIVER PROGRAMS THAT ARE FOCUSED ON THE DEVELOPMENT OF "INSPIRING LEADERS OF TOMORROW". THE ORGANIZATION WILL PROVIDE BOTH FINANCIAL SUPPORT (DONATIONS AND SCHOLARSHIPS) AND HANDS-ON GUIDANCE THAT LEVERAGES THE EXPERIENCE OF ITS DONORS (AND EXTENDED COMMUNITY OF SUPPORTERS).
Program accomplishments
- A key element of the Foundation is to focus on helping those being supported to reach their full potential; beyond what their current situation, mindset, and financial limitations might lead them to believe.Expenses $56,412 · grants $27,598
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 33-1496600
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $201,095
- Income (IRS master file)
- $257,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $257,744 | $56,649 | $201,095 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-1496600).
Questions about SOUNDBOARD IMPACT FOUNDATION INC
- What is the EIN of SOUNDBOARD IMPACT FOUNDATION INC?
- The employer identification number (EIN) of SOUNDBOARD IMPACT FOUNDATION INC is 33-1496600.
- Is SOUNDBOARD IMPACT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to SOUNDBOARD IMPACT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUNDBOARD IMPACT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUNDBOARD IMPACT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUNDBOARD IMPACT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOUNDBOARD IMPACT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names RICHARD MAGID.
- Who are the officers and directors of SOUNDBOARD IMPACT FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does SOUNDBOARD IMPACT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $257,744, expenses of $56,649 and total assets of $201,095 at year end.
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