Found Sound Nation Inc

What it reported doing in 2024

Found sound nation partners with local youth, social organizations, music festivals, and artists across all disciplines to engage people from all walks of life in our interactive process of collaborative music, audio, and video production, in order to give voice to underrepresented communities, unlock the creative potential of youth, and bridge cultural and political divides.fiscal year 2025 program activites included the following: global exchanges: onebeatfound sound nation implemented onebeat 14, convening 25 international musicians and creative practitioners for a collaborative exchange focused on co-creation, cultural dialogue, and public-facing artistic work. The program supported participants in developing new musical collaborations, strengthening professional networks, and engaging audiences in the u.s. Through workshops, performances, and related community activities. Program dates: september 18 - october 14, 2024, with pre-planning and post-production throughout the year before and after the program dates. Location & audiences: residency program took place in New Hampshire, Vermont, Massachusetts and Maine, serving audiences and workshop participants in those locations. With over 5,000 candidates registering applications to be part of the program, the selected program participants, fellows, came from 17 different countries around the globe, including the U.S.the organization also implemented onebeat taiwan, convening 12 musicians and creative practitioners from taiwan, malaysia, philippines and the united states for a two-week collaborative exchange focused on artistic collaboration, cross-cultural dialogue, arts education, and local public engagement. Program dates: september 1 - 16, 2024, with pre-planning and post-production several months before and after the program dates. Location & audiences: residency program took place in hualien, on the east coast of taiwan, serving audiences and workshop participants in that region. Program participants came from across taiwan, the philippines, malaysia and the U.S.in addition, found sound nation undertook planning and program development for onebeat 15, a milestone initiative marking the fifteenth year of onebeat. Fy25 work included program design, partnership development, artist engagement, resource planning, communications, and preparation for future program delivery. The organization also began planning the onebeat summit, scheduled for december 2025, as a convening of artists, cultural leaders, partners, and collaborators to reflect on onebeat's history and explore future directions for international music exchange. During fy25, sudden termination of federal/pass-through funding affected the timing and scope of onebeat international exchange activities. Found sound nation adjusted program delivery, maintained participant support where possible, and continued to advance its mission through alternative partnerships, locally based programming, and ongoing artist engagement.music & conflict: sound bridgefound sound nation completed sound bridge, a cross-border music collaboration bringing together artists from Georgia, armenia, and turkey. The project took place in the republic of Georgia in the summers of 2023 and 2024, bringing together a total of 24 musicians from Georgia, turkey and armenia to develop original collaborative work through facilitated music-making, cultural exchange, and shared creative practice.during fy25, the organization finalized project activities, supported participating artists, completed production and dissemination of project materials, and shared resulting work with audiences and partners. Sound bridge created opportunities for artists from the south caucasus and neighboring regions to build relationships across borders, develop new work together, and contribute to dialogue through music.global exchange & mentorship: american music mentorship programfound sound nation began implementation of the american music mentorship program (ammp), an int

Financial Efficiency

• Mission deployment rate: 91.4%; rating input score 91
• Program expense ratio: 89.3%; rating input score 89
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: Scored; rating input score 0
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 71.4%; rating input score 71; 15th percentile among comparable filings
• Governance controls: 4 of 9 controls in place; rating input score 44
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -2.3%; rating input score 29; 29th percentile among comparable filings
• Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
• Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 17.4%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: 47.6% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 36% per year; rating input score 100; 94th percentile among comparable filings
• Asset growth: 40.2% per year; rating input score 100; 95th percentile among comparable filings