Civic Intelligence

Hope Chinese Charter School

990 • Fiscal year 2017 • EIN 45-2995516

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 19, 2018

3500 SW 104th AveBeaverton, OR 97005

(503) 349-1366

Siviq Scores

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

Liabilities / Assets

85th percentile

0.65x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.65x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

41st percentile

0.3%

Higher net margin than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$85,601

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

32%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,963,338

Up $851,186 (+77%) from 2016

Net Assets

Up

$692,232

Up $5,823 (+0.8%) from 2016

Liabilities

Up

$1,271,106

Up $845,363 (+199%) from 2016

Revenue

Up

$1,954,486

Up $476,397 (+32%) from 2016

Expenses

Up

$1,948,663

Up $305,755 (+19%) from 2016

Net Income

Up

$5,823

Up $170,642 (+104%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$1,963,338
Liabilities$1,271,106
Net Assets$692,232

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$1,954,486
Expenses$1,948,663
Net Income$5,823
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 19, 2018
Return Version
2016v3.0
Gross Receipts
$1,973,749
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.

To provide a comprehensive billingual 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
Cash and Non-Interest-Bearing Accounts$563,099$759,434▲ $196,335
Savings and Temporary Cash Investments$224,974$229,146▲ $4,172
Prepaid Expenses and Deferred Charges$26,014$14,100▼ $11,914
Land, Buildings, and Equipment, Net-$11,894-
Accounts Receivable$3,945$2,438▼ $1,507
Total Assets$1,112,152$1,963,338▲ $851,186
Other Assets Total$294,120$946,326▲ $652,206
Liabilities
Other Liabilities$380,386$1,169,203▲ $788,817
Accounts Payable and Accrued Expenses$32,562$51,717▲ $19,155
Deferred Revenue$12,795$50,186▲ $37,391
Total Liabilities$425,743$1,271,106▲ $845,363
Net Assets / Fund Balance
Unrestricted Net Assets$686,409$692,232▲ $5,823
Total Net Assets Fund Balance$686,409$692,232▲ $5,823
Total Liabilities and Net Assets / Fund Balance$1,112,152$1,963,338▲ $851,186

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,894-$11,894
Other Assets Org$922,747--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie RickmanPrincipalFT$75,110$10,491$85,601

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,549,821
Program Service Revenue
$318,598
Investment Income
$667
Other Revenue
$85,400
All Other Contributions
$390,628
Change in Net Assets
$5,823

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,954,486
Revenue Not Reported on Form 990
$19,263
Total Revenue per Audited Statements
$1,973,749
Total Revenue per Form 990
$1,954,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,399,287
Other Expenses$549,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$810,143$67,801-$877,944
Pension Plan Contributions$207,195$74,946-$282,141
Occupancy-$221,650-$221,650
Current Officers, Directors, Trustees, and Key Employees-$86,923-$86,923
Payroll Taxes$70,222$12,924-$83,146
Other Employee Benefits$69,133--$69,133
Information Technology-$28,881-$28,881
Fees for Services Accounting-$28,785-$28,785
Other Expenses$256$28,183-$28,439
All Other Expenses$1,852$18,151-$20,003
Insurance-$17,736-$17,736
Fees for Services Other-$12,834-$12,834
Office Expenses-$6,429-$6,429
Travel$4,188$880-$5,068
Fees for Services Legal-$4,425-$4,425
Advertising-$509-$509
Total Functional Expenses$1,211,101$737,562$0$1,948,663

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,967,926
Expenses per Audited Statements$1,948,663
Total Expenses per Form 990$1,948,663
Expenses Not Reported on Form 990$19,263
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$84,057
Fundraising Direct Expenses$19,263
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$84,057$84,057-$84,057
Total Events$84,057$84,057$19,263$64,794
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$1,169,203
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 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

Committee meeting documentation Part VI line 8B

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

Form 990 governing body review Part VI line 11

The treasurer provides a copy of the completed returns to the board of directors for review prior to filing.

Conflict of interest policy compliance Part VI line 12C

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

Governing documents etc available to public 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
Address
3500 SW 104TH AVE, Beaverton, OR 97005

Signing Officer

Name
Nathaniel Look
Title
Treasurer
Phone
9712267500
Signed
2018-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathaniel Look
Formed
2011
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
53
Volunteers
150

Preparer

Firm
Ras Group LLC
Address
7148 SW GONZAGA ST, TIGARD, OR 97223
Preparer
Roy R Rogers
Phone
5036848421
Supplemental Narrative

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Fundraising expenses $19,263

Other expenses not included on Form 990 (Part XII, line 2D)

Fundraising expenses $19,263

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0318598
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0318598
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01059637
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0684
IRS990/PYOtherExpensesAmt0227833
IRS990/PYOtherRevenueAmt085409
IRS990/PYProgramServiceRevenueAmt0332359
IRS990/PYRevenuesLessExpensesAmt0-164819
IRS990/PYSalariesCompEmpBnftPaidAmt01415075
IRS990/PYTotalExpensesAmt01642908
IRS990/PYTotalRevenueAmt01478089
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05823
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0224974
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0229146
IRS990ScheduleA/SchoolInd0X
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt011894
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011894
IRS990ScheduleD/ExpensesNotReportedAmt019263
IRS990ScheduleD/ExpensesSubtotalAmt01948663
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023579
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1922747
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PENSION RELATED DEFERRALS
IRS990ScheduleD/OtherExpensesIncludedAmt019263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01169203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/OtherRevenueAmt019263
IRS990ScheduleD/RevenueNotReportedAmt019263
IRS990ScheduleD/RevenueSubtotalAmt01954486
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES $19,263
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES $19,263
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other expenses not included on Form 990 (Part XII, line 2d)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011894
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0946326
IRS990ScheduleD/TotalExpensesPerForm990Amt01948663
IRS990ScheduleD/TotalLiabilityAmt01169203
IRS990ScheduleD/TotalRevenuePerForm990Amt01954486
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01973749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01967926
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES FUNDING FROM THE BEAVERTON SCHOOL DISTRICT BASED ON THE NUMBER OF STUDENTS ENROLLED IN THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NON-DISCRIMINATION POLICY IS STATED ON THE ENROLLMENT PROCESS DOCUMENT, AND ALL REGISTERATION AND APPLICATION FORMS, WHICH ARE AVAILABLE ON OUR WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019263
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01450
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01450
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0107
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0107
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt084057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt084057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt084057
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt084057
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt064794
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0692
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0692
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt017014
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt017014
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMIMITTEE HAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER PROVIDES A COPY OF THE COMPLETED RETURNS TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
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/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01112152
IRS990/TotalAssetsEOYAmt01963338
IRS990/TotalAssetsGrp/BOYAmt01112152
IRS990/TotalAssetsGrp/EOYAmt01963338
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01549821
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0737562
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01211101
IRS990/TotalFunctionalExpensesGrp/TotalAmt01948663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0425743
IRS990/TotalLiabilitiesEOYAmt01271106
IRS990/TotalLiabilitiesGrp/BOYAmt0425743
IRS990/TotalLiabilitiesGrp/EOYAmt01271106
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0686409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0692232
IRS990/TotalOtherCompensationAmt010491
IRS990/TotalProgramServiceExpensesAmt01211101
IRS990/TotalProgramServiceRevenueAmt0318598
IRS990/TotalReportableCompFromOrgAmt075110
IRS990/TotalRevenueGrp/ExclusionAmt064794
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0339871
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01954486
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01112152
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01963338
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0880
IRS990/TravelGrp/ProgramServicesAmt04188
IRS990/TravelGrp/TotalAmt05068
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

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