Soundboard

Nonprofit profile at a glance

EIN
332624571
IRS 990 coverage
2025–2025
Forms available
Form 990 2025
Location
Denver, CO, USA
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Reported finances

Revenue
$1,182,597
Expenses
$275,812
Assets
$651,773
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Andrew Wermuth (President)

Highest reported compensation

  • Robert Stupay (Secretary): $77,379 total reported compensation
  • Andrew Wermuth (President): $74,430 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Soundboard's mission is to advance learning, knowledge, and scientific innovation of the Ethereum ecosystem through the Remix toolset and its educational offerings; to increase accessibility for learners and builders advancing the world's transition to Web3; and to facilitate development of diverse and emerging Web3 use cases for positive societal impacts.

What it reported doing in 2025

Open-Source Curriculum and Tooling Development: Soundboard develops and maintains open-source educational tools and curricula designed to lower the barrier to entry for blockchain development. In 2025, the organization significantly expanded LearnEth, the interactive, in-app tutorial plugin within the Remix IDE. Key developments included the integration of security-focused modules authored by WTF Academy and the creation of specialized guides for Zero-Knowledge (ZK) Circuits using Circom and Noir. LearnEth had over 3 million web visits in 2025. In collaboration with global partners like Ape Unit and EthKipu, Soundboard pioneered a new curriculum integrating Artificial Intelligence (AI) with Web3 education, also within the Remix IDE toolset. To ensure these tools reach underserved regions, the organization also supported on-the-ground training in Kenya and Uganda, empowering local "Remix Champions" to lead context-specific workshops on decentralized development. This program provides the foundational infrastructure that allows thousands of users worldwide to learn smart contract programming in a safe, guided environment. Since introduction, the RemixAI assistant had more than 700,000 education-based activations in 2025.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 92
  • Accountability: 65
  • Sustainability: 76
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.3%; rating input score 13
  • Program expense ratio: 57.3%; rating input score 57
  • Fundraising efficiency: $103.46 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

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

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 76.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.36; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 55%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 13.3% of revenue deployed · 57.3% of spending went to programs
  • Governance: 4 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $158K in reported program spending
  • Leadership: top reported pay $77K · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.