Civic Intelligence

Herald Foundation

990EZ • Fiscal year 2019 • EIN 26-1431045

Jul 01, 2018 to Jun 30, 2019 • Filed on May 13, 2020

3733 Rosemead BlvdRosemead, CA 91770

(626) 288-8100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

56th percentile

6.4%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

55th percentile

4.9%

Faster asset growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

-5.2%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$178,753

Up $8,373 (+4.9%) from 2018

Net Assets

Up

$178,753

Up $11,535 (+6.9%) from 2018

Liabilities

Down

$0

Down $3,162 (-100%) from 2018

Revenue

Down

$181,433

Down $9,982 (-5.2%) from 2018

Expenses

Down

$169,898

Down $13,737 (-7.5%) from 2018

Net Income

Up

$11,535

Up $3,755 (+48%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2015: $99,096Liabilities 2015: $1,680Net Assets 2015: $97,4162015Assets 2016: $151,286Liabilities 2016: $0Net Assets 2016: $151,2862016Assets 2017: $159,438Liabilities 2017: $1,586Net Assets 2017: $157,8522017Assets 2018: $170,380Liabilities 2018: $3,162Net Assets 2018: $167,2182018Assets 2019: $178,753Liabilities 2019: $0Net Assets 2019: $178,7532019Assets 2020: $180,172Liabilities 2020: $0Net Assets 2020: $180,1722020Assets 2021: $177,933Liabilities 2021: $0Net Assets 2021: $177,9332021Assets 2022: $184,823Liabilities 2022: $0Net Assets 2022: $184,8232022Assets 2023: $194,823Liabilities 2023: $0Net Assets 2023: $194,8232023Assets 2024: $188,812Liabilities 2024: $3,162Net Assets 2024: $185,6502024

Highlighted filing

2019

Assets$178,753
Liabilities$0
Net Assets$178,753

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $146,323Expenses 2015: $334,374Net Income 2015: -$188,0512015Revenue 2016: $300,609Expenses 2016: $246,739Net Income 2016: $53,8702016Revenue 2017: $494,018Expenses 2017: $377,739Net Income 2017: $116,2792017Revenue 2018: $191,415Expenses 2018: $183,635Net Income 2018: $7,7802018Revenue 2019: $181,433Expenses 2019: $169,898Net Income 2019: $11,5352019Revenue 2020: $2,605Expenses 2020: $1,186Net Income 2020: $1,4192020Revenue 2021: $133,002Expenses 2021: $135,241Net Income 2021: -$2,2392021Revenue 2022: $180,000Expenses 2022: $173,110Net Income 2022: $6,8902022Revenue 2023: $185,000Expenses 2023: $175,000Net Income 2023: $10,0002023Revenue 2024: $436,945Expenses 2024: $446,118Net Income 2024: -$9,1732024

Highlighted filing

2019

Revenue$181,433
Expenses$169,898
Net Income$11,535
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 13, 2020
Return Version
2018v3.1
Gross Receipts
$181,433
Mission and Program Overview

Mission

Provide humanitarian assistance

Program Services

DescriptionGrantsExpenses
TO PROVIDE THE HUMANITARIAN ASSISTANCE AND SERVICES TO THE INTERNATIONAL COMMUNITIES$71,072$169,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATIE CHAUSecretary-$0--
PAK CHEUNG LOChairman-$0--
DANIEL WONGTreasurer-$0--
MELVIN WONGBoard Member-$0--
DAVID LEEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Herald Foundation
EIN
26-1431045
Address
3733 ROSEMEAD BLVD, Rosemead, CA 91770

Signing Officer

Name
Pak Lo
Title
Executive
Phone
6262888100
Signed
2020-05-13
Discuss with paid preparer
No

Preparer

Firm
Proaccruate Tax Consulting Group
Address
6620 N MUSCATEL AVE, San Gabriel, CA 91775
Preparer
Alexandra Yeung
Phone
6263196216
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountLAY COUNSELING 2,215GROWTH GROUP 10,050SPECIAL EVENTS (3,843)SPEAKING FEES 1,130

List of grants and similar amounts paid Part I line 10

Activity LOVE FUND Grantee LOVE FOCUS Relationship NONE Amount 15,000Activity MINISTRY Grantee FU ZHOU MINISTRY Relationship AFFILIATED PROGRAM Amount 20,000Activity LOVE FUND Grantee RED CROSS Relationship NA Amount 15,000Activity MINISTRY Grantee XIAN MINISTRY Relationship AFFILIATED PROGRAM Amount 20,000

Description of other expenses Part I line 16

Description AmountBANK CHARGES 120SCHOLARSHIP 6,700PROPERTY TAX 101INSURANCE 15,792WORKERS COMPENSATION 520PAYROLL TAXES 4,324SPECIAL PROGRAM 1,720OPERATION 6,655CONFERENCE AND TRAVEL 2,126

Description of other assets Part II line 24

Category Beginning of Year End of YearPREPAID EXPENSES 125 0DUE FROM HFRC 53,000 0

Description of total liabilities Part II line 26

Category Beginning of Year End of YearPAYROLL 3,162 0

Raw XML Appendix184 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Rosemead
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091770
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt033982
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IRS990EZ/MadeLoansToFromOfficersInd0false
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KATIE CHAU
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MELVIN WONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DAVID LEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt053125
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt038058
IRS990EZ/OtherRevenueTotalAmt09552
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE HUMANITARIAN ASSISTANCE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE THE HUMANITARIAN ASSISTANCE AND SERVICES TO THE INTERNATIONAL COMMUNITIES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt071072
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt053421
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03162
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0494018
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0276155
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0146137
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01162100
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0783
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0810
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct00.98380
IRS990ScheduleA/PublicSupportTotal509Amt01176495
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0494018
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt070000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01177305
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountLAY COUNSELING 2,215GROWTH GROUP 10,050SPECIAL EVENTS (3,843)SPEAKING FEES 1,130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity LOVE FUND Grantee LOVE FOCUS Relationship NONE Amount 15,000Activity MINISTRY Grantee FU ZHOU MINISTRY Relationship AFFILIATED PROGRAM Amount 20,000Activity LOVE FUND Grantee RED CROSS Relationship NA Amount 15,000Activity MINISTRY Grantee XIAN MINISTRY Relationship AFFILIATED PROGRAM Amount 20,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountBANK CHARGES 120SCHOLARSHIP 6,700PROPERTY TAX 101INSURANCE 15,792WORKERS COMPENSATION 520PAYROLL TAXES 4,324SPECIAL PROGRAM 1,720OPERATION 6,655CONFERENCE AND TRAVEL 2,126
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearPREPAID EXPENSES 125 0DUE FROM HFRC 53,000 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearPAYROLL 3,162 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0PAK LO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE
ReturnHeader/BusinessOfficerGrp/PhoneNum06262888100
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERALD FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HERA
ReturnHeader/Filer/EIN0261431045
ReturnHeader/Filer/USAddress/AddressLine1Txt03733 ROSEMEAD BLVD
ReturnHeader/Filer/USAddress/CityNm0Rosemead
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd091770
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CBC41D3AF7A36C5DA4DE43E2A2259849E98E2134
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0CBC41D3AF7A36C5DA4DE43E2A2259849E98E2134
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId09660012020197xit1o1d
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-07-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.41.193.202
ReturnHeader/FilingSecurityInformation/IPDt02020-07-15
ReturnHeader/FilingSecurityInformation/IPTm022:27:33
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PROACCRUATE TAX CONSULTING GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06620 N MUSCATEL AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Gabriel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091775
ReturnHeader/PreparerPersonGrp/PhoneNum06263196216
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alexandra Yeung
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-15T22:26:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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