Civic Intelligence

Hope Chinese Charter School

EIN 45-2995516 • 501(c)3 • Beaverton, OR

Profile

To provide a comprehensive bilingual and bi-literate education that nurtures students to be highly proficient in all academic subjects, but with a special emphasis on mandarin chinese, english and mathematics.

3500 SW 104th AveBeaverton, OR 97005

hopeccs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.75x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.01x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,203,553

Up $898,114 (+14%) from 2023

Liabilities

Up

$5,420,410

Up $162,673 (+3.1%) from 2023

Net Assets

Up

$1,783,143

Up $735,441 (+70%) from 2023

Revenue

Up

$5,382,052

Up $26,279 (+0.5%) from 2023

Expenses

Up

$4,744,745

Up $117,611 (+2.5%) from 2023

Net Income

Down

$637,307

Down $91,332 (-13%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $60,006Liabilities 2012: $9,500Net Assets 2012: $50,5062012Assets 2013: $324,754Liabilities 2013: $103,218Net Assets 2013: $221,5362013Assets 2014: $650,482Liabilities 2014: $111,131Net Assets 2014: $539,3512014Assets 2015: $918,781Liabilities 2015: $67,553Net Assets 2015: $851,2282015Assets 2016: $1,112,152Liabilities 2016: $425,743Net Assets 2016: $686,4092016Assets 2017: $1,963,338Liabilities 2017: $1,271,106Net Assets 2017: $692,2322017Assets 2018: $1,853,023Liabilities 2018: $1,181,873Net Assets 2018: $671,1502018Assets 2020: $2,718,538Liabilities 2020: $2,781,280Net Assets 2020: -$62,7422020Assets 2021: $3,596,092Liabilities 2021: $3,498,563Net Assets 2021: $97,5292021Assets 2022: $4,914,149Liabilities 2022: $4,656,348Net Assets 2022: $257,8012022Assets 2023: $6,305,439Liabilities 2023: $5,257,737Net Assets 2023: $1,047,7022023Assets 2024: $7,203,553Liabilities 2024: $5,420,410Net Assets 2024: $1,783,1432024

Highlighted filing

2024

Assets$7,203,553
Liabilities$5,420,410
Net Assets$1,783,143

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $21,2392012Expenses 2013: $462,7122013Revenue 2014: $1,037,636Expenses 2014: $719,821Net Income 2014: $317,8152014Revenue 2015: $1,105,779Expenses 2015: $821,946Net Income 2015: $283,8332015Revenue 2016: $1,478,089Expenses 2016: $1,642,908Net Income 2016: -$164,8192016Revenue 2017: $1,954,486Expenses 2017: $1,948,663Net Income 2017: $5,8232017Revenue 2018: $2,472,016Expenses 2018: $2,493,098Net Income 2018: -$21,0822018Revenue 2020: $3,332,462Expenses 2020: $3,939,122Net Income 2020: -$606,6602020Revenue 2021: $3,859,406Expenses 2021: $3,699,135Net Income 2021: $160,2712021Revenue 2022: $4,208,354Expenses 2022: $4,048,082Net Income 2022: $160,2722022Revenue 2023: $5,355,773Expenses 2023: $4,627,134Net Income 2023: $728,6392023Revenue 2024: $5,382,052Expenses 2024: $4,744,745Net Income 2024: $637,3072024

Highlighted filing

2024

Revenue$5,382,052
Expenses$4,744,745
Net Income$637,307

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$5,439,897
Mission and Program Overview

Mission

To provide a comprehensive bilingual and bi-literate education that nurtures students to be highly proficient in all academic subjects, but with a special emphasis on mandarin chinese, english and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,280,939$2,279,736▲ $998,797
Intangible Assets$1,902,095$1,564,512▼ $337,583
Cash and Non-Interest-Bearing Accounts$1,267,074$1,360,494▲ $93,420
Land, Buildings, and Equipment, Net$449,681$391,305▼ $58,376
Accounts Receivable$64,750$201,477▲ $136,727
Prepaid Expenses and Deferred Charges$56,353$45,656▼ $10,697
Total Assets$6,305,439$7,203,553▲ $898,114
Other Assets Total$1,284,547$1,360,373▲ $75,826
Liabilities
Other Liabilities$4,822,981$4,702,408▼ $120,573
Accounts Payable and Accrued Expenses$353,717$622,671▲ $268,954
Deferred Revenue$81,038$95,331▲ $14,293
Total Liabilities$5,257,736$5,420,410▲ $162,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,047,703$1,783,143▲ $735,440
Total Net Assets Fund Balance$1,047,703$1,783,143▲ $735,440
Total Liabilities and Net Assets / Fund Balance$6,305,439$7,203,553▲ $898,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$325,828$149,240$475,068
Equipment$65,477$43,228$108,705
Other Assets Org$1,360,373--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin OldsPrincipalFT$122,315$46,644$168,959

Board Members and Trustees

NameTitle
Corene PettitBoard Chair
Dahviya EriksonVice Chair
Audrey TamDirector
Merilee AvilaDirector
Michael WillitsDirector
Rob BarryDirector
Stephen PhamDirector
Zhuojie HuangDirector
Michael HerringAdvisory, No
Michael WatsonAdvisory, No
Dan RuanSecretary
Misol KimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,547,494
Program Service Revenue
$881,594
Investment Income
$1
Other Revenue
$-47,037
All Other Contributions
$494,413
Change in Net Assets
$637,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,382,052
Total Revenue per Audited Statements
$5,382,052
Total Revenue per Form 990
$5,382,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,616,766
Other Expenses$1,127,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,030,799$507,700-$2,538,499
Other Employee Benefits$571,381$142,845-$714,226
Depreciation Depletion$390,765$97,690-$488,455
Occupancy$230,571$57,643-$288,214
Payroll Taxes$156,066$39,016-$195,082
Current Officers, Directors, Trustees, and Key Employees$135,167$33,792-$168,959
Information Technology$49,784$12,446-$62,230
Fees for Services Other-$61,427-$61,427
Interest-$41,979-$41,979
Fees for Services Accounting-$31,405-$31,405
Insurance$24,553$6,138-$30,691
Fees for Services Legal-$24,583-$24,583
Other Expenses$12,931$3,233-$16,164
Total Functional Expenses$3,684,848$1,059,897$0$4,744,745

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,744,745
Total Expenses per Audited Statements$4,744,745
Total Expenses per Form 990$4,744,745
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$57,845
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Giving$281,638-$3,852-
Gala Auction$203,341-$47,098-
Total Events$572,782-$53,763$-53,763
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,949,160
Lease Liabilty$1,625,219
Deferred Inflows$128,029
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

No committee had authority to act on behalf of the governing body

Form 990, Page 6, Part VI, Line 11B

The treasurer and the finance & hr director will review the form. A copy will be provided to the principal.

Form 990, Page 6, Part VI, Line 12C

Every business transaction is reviewed by the board of directors for a potential conflict of interest.

Form 990, Page 6, Part VI, Line 19

Governing documents, financial statements, and copies of policies are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hope Chinese Charter School
EIN
45-2995516
Phone
9712267500
Address
3500 SW 104TH AVE, BEAVERTON, OR 97005

Signing Officer

Name
Wenrong Mi
Title
Head of School
Phone
9712267500
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Olds
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
74
Volunteers
245

Preparer

Firm
Accuity LLC
Address
PO BOX 1072, ALBANY, OR 97321-0415
Preparer
Glen O Kearns CPA
Phone
5412235555
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The process for financial oversight has not changed from the prior year.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. This tax-exempt status can be revoked by the internal revenue service as a result of direct violations of laws and regulations governing 501(c)(3) organizations. The organization's operating policy requires strict adherance to these laws and regulations in order to maintain its tax-exempt status. Management's policy is to engage in activities related to their exempt purpose. Management evaluates tax positions annually based on the guidance in financial accounting standards board (fasb) accounting standards codification (asc) 740. Fasb asc 740 prescribes a comprehensive model for recognizing, measuring, presenting, and disclosing, in the financial statements, tax positions taken or expected to be taken on a tax return, including positions that the organization is exempt from income taxes or not subject to income taxes on unrelated business income. The organization presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable, respectively, that a liability has been incurred for unrecognized income tax benefits. The organization is subject to examination by federal and state income tax authorities for three years from the filing of a tax return.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THIS TAX-EXEMPT STATUS CAN BE REVOKED BY THE INTERNAL REVENUE SERVICE AS A RESULT OF DIRECT VIOLATIONS OF LAWS AND REGULATIONS GOVERNING 501(C)(3) ORGANIZATIONS. THE ORGANIZATION'S OPERATING POLICY REQUIRES STRICT ADHERANCE TO THESE LAWS AND REGULATIONS IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS. MANAGEMENT'S POLICY IS TO ENGAGE IN ACTIVITIES RELATED TO THEIR EXEMPT PURPOSE. MANAGEMENT EVALUATES TAX POSITIONS ANNUALLY BASED ON THE GUIDANCE IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING, AND DISCLOSING, IN THE FINANCIAL STATEMENTS, TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, INCLUDING POSITIONS THAT THE ORGANIZATION IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX BENEFITS. THE ORGANIZATION IS SUBJECT TO EXAMINATION BY FEDERAL AND STATE INCOME TAX AUTHORITIES FOR THREE YEARS FROM THE FILING OF A TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NODISCRIMINATION POLICY IS STATED ON THE ENROLLMENT PROCESS DOCUMENT, AND ALL REGISTRATION AND APPLICATION FORMS, WHICH ARE AVAILABLE ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVES FUNDING FROM THE BEAVERTON SCHOOL DISTRICT BASED ON THE NUMBER OF STUDENTS ENROLLED IN THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GIVING
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRINCIPAL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEE HAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND THE FINANCE & HR DIRECTOR WILL REVIEW THE FORM. A COPY WILL BE PROVIDED TO THE PRINCIPAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVERY BUSINESS TRANSACTION IS REVIEWED BY THE BOARD OF DIRECTORS FOR A POTENTIAL CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND COPIES OF POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR FINANCIAL OVERSIGHT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B

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