Civic Intelligence

Soaring Hope Inc

990 • Fiscal year 2016 • EIN 46-0489495

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

7930 Eagle Ranch RoadFort Collins, CO 80528

(970) 310-3636

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

55th percentile

4.7%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

13th percentile

-40%

Faster revenue growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$307,429

Up $13,689 (+4.7%) from 2015

Net Assets

Up

$307,429

Up $13,689 (+4.7%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$27,651

Down $18,381 (-40%) from 2015

Expenses

Down

$24,365

Down $32,732 (-57%) from 2015

Net Income

Up

$3,286

Up $14,351 (+130%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $450,507Liabilities 2010: $3,755Net Assets 2010: $446,7522010Assets 2011: $298,402Liabilities 2011: $2,052Net Assets 2011: $296,3502011Assets 2012: $291,843Liabilities 2012: $254Net Assets 2012: $291,5892012Assets 2013: $297,069Liabilities 2013: $0Net Assets 2013: $297,0692013Assets 2014: $304,805Liabilities 2014: $0Net Assets 2014: $304,8052014Assets 2015: $293,740Liabilities 2015: $0Net Assets 2015: $293,7402015Assets 2016: $307,429Liabilities 2016: $0Net Assets 2016: $307,4292016Assets 2017: $403,141Liabilities 2017: $0Net Assets 2017: $403,1412017Assets 2018: $294,124Liabilities 2018: $0Net Assets 2018: $294,1242018

Highlighted filing

2016

Assets$307,429
Liabilities$0
Net Assets$307,429

Operations Trend

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

$200K$100K$0-$100K-$200KExpenses 2010: $141,3352010Revenue 2011: -$64,951Expenses 2011: $85,451Net Income 2011: -$150,4022011Expenses 2012: $60,2902012Revenue 2013: $62,345Expenses 2013: $43,346Net Income 2013: $18,9992013Revenue 2014: $38,249Expenses 2014: $34,050Net Income 2014: $4,1992014Revenue 2015: $46,032Expenses 2015: $57,097Net Income 2015: -$11,0652015Revenue 2016: $27,651Expenses 2016: $24,365Net Income 2016: $3,2862016Revenue 2017: $73,428Expenses 2017: $68,743Net Income 2017: $4,6852017Revenue 2018: $13,630Expenses 2018: $94,411Net Income 2018: -$80,7812018

Highlighted filing

2016

Revenue$27,651
Expenses$24,365
Net Income$3,286
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$112,489
Mission and Program Overview

Mission

To express Christ's love to the people of China and Chinese residents in the US through:1. Good news sharing.2. Coordinating medical, educational and scholarship service efforts.3. Implementing discipleship training programs, premarital counseling, family relationship workshops, and other types of training.4. English and Chinese tutoring.5. Organizing cultural exchange opportunites and fostering mutual understanding and friendship between Chinese and Americans.6. Supporting other charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$293,740$307,429▲ $13,689
Land, Buildings, and Equipment, Net$126,041$120,322▼ $5,719
Other Notes and Loans Receivable, Net$60,000$60,000→ $0
Savings and Temporary Cash Investments$35,680$35,699▲ $19
Cash and Non-Interest-Bearing Accounts$10,522$6,633▼ $3,889
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$293,740$307,429▲ $13,689
Other Assets Total$61,497$84,775▲ $23,278
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$293,740$307,429▲ $13,689
Total Liabilities and Net Assets / Fund Balance$293,740$307,429▲ $13,689

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$81,722$72,678$154,400
Land$38,600-$38,600
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ada ChenPresident
James GuoDirector
Sam DaiDirector
Steven TippenDirector
Victoria ChenSecr/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,670
Program Service Revenue
$0
Investment Income
$7,653
Other Revenue
$2,328
All Other Contributions
$17,670
Change in Net Assets
$3,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,365
Total Fundraising Expense$1,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$4,684$878$293$5,855
All Other Expenses$2,750$515$172$3,437
Other Expenses$1,631$306$102$2,039
Fees for Services Accounting$620$116$39$775
Total Functional Expenses$19,493$3,653$1,219$24,365
International Activity

International Summary

Employees
1

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
ChinaProgram servicesLogistical support01$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Ada Chen is the mother of Victoria Chen.

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's treasurer reviews the statements with the president. A complete package of information is given to the organization's CPA to prepare the Form 990. The organization's director assigned to review the tax return works with the CPA during the entire tax return preparation precess and dialogues all issues during the tax return preparation process. After the CPA and the assigned director agree that the return is accurate and complete, the final draft of the Form 990 is reviewed by the treasurer and president.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Soaring Hope Inc
EIN
46-0489495
Phone
9703103636
Address
7930 Eagle Ranch Road, Fort Collins, CO 80528

Signing Officer

Name
Ada Chen
Title
President
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
20

Preparer

Firm
Clergy Advantage
Address
2093 E 11th Street Ste 200, Loveland, CO 80537
Preparer
Chuck Trimble CPA
Phone
9706675819
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Foreign taxes paid: Column (A) - Total = $53; Column (B) - Program Services = $42; Column (C) - Management & General = $8; Column (D) - Fundraising = $3

Form 990, Part IX, Line 24E: Other Expenses

Janitorial: Column (A) - Total = $35; Column (B) - Program Services = $28; Column (C) - Management & General = $5; Column (D) - Fundraising = $2

Form 990, Part IX, Line 24E: Other Expenses

Meals and Entertainment: Column (A) - Total = $1212; Column (B) - Program Services = $970; Column (C) - Management & General = $182; Column (D) - Fundraising = $60

Form 990, Part IX, Line 24E: Other Expenses

Medical expense: Column (A) - Total = $56; Column (B) - Program Services = $45; Column (C) - Management & General = $8; Column (D) - Fundraising = $3

Form 990, Part IX, Line 24E: Other Expenses

Other ministries: Column (A) - Total = $1800; Column (B) - Program Services = $1440; Column (C) - Management & General = $270; Column (D) - Fundraising = $90

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $57; Column (B) - Program Services = $46; Column (C) - Management & General = $8; Column (D) - Fundraising = $3

Form 990, Part IX, Line 24E: Other Expenses

Seminars: Column (A) - Total = $69; Column (B) - Program Services = $55; Column (C) - Management & General = $11; Column (D) - Fundraising = $3

Form 990, Part IX, Line 24E: Other Expenses

Website: Column (A) - Total = $155; Column (B) - Program Services = $124; Column (C) - Management & General = $23; Column (D) - Fundraising = $8

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IRS990/ReconcilationRevenueExpnssAmt03286
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02328
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0293740
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0307429
IRS990/SavingsAndTempCashInvstGrp/BOYAmt035680
IRS990/SavingsAndTempCashInvstGrp/EOYAmt035699
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt017670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt038080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt029271
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt049737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0190358
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03716
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0472
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0801
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0624
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07613
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02368
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05952
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09507
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt011807
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02227
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031861
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81450
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0187202
IRS990ScheduleA/SubstantialContributorsTotAmt03156
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt017670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt038080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt029271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt049737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0190358
IRS990ScheduleA/TotalSupportAmt0229832
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt081722
IRS990ScheduleD/BuildingsGrp/DepreciationAmt072678
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0154400
IRS990ScheduleD/LandGrp/BookValueAmt038600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt038600
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0120322
IRS990ScheduleD/TotalBookValueOtherAssetsAmt084775
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0China
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Logistical support
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ada Chen is the mother of Victoria Chen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's treasurer reviews the statements with the president. A complete package of information is given to the organization's CPA to prepare the Form 990. The organization's director assigned to review the tax return works with the CPA during the entire tax return preparation precess and dialogues all issues during the tax return preparation process. After the CPA and the assigned director agree that the return is accurate and complete, the final draft of the Form 990 is reviewed by the treasurer and president.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Foreign taxes paid: Column (A) - Total = $53; Column (B) - Program Services = $42; Column (C) - Management & General = $8; Column (D) - Fundraising = $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Janitorial: Column (A) - Total = $35; Column (B) - Program Services = $28; Column (C) - Management & General = $5; Column (D) - Fundraising = $2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meals and Entertainment: Column (A) - Total = $1212; Column (B) - Program Services = $970; Column (C) - Management & General = $182; Column (D) - Fundraising = $60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Medical expense: Column (A) - Total = $56; Column (B) - Program Services = $45; Column (C) - Management & General = $8; Column (D) - Fundraising = $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other ministries: Column (A) - Total = $1800; Column (B) - Program Services = $1440; Column (C) - Management & General = $270; Column (D) - Fundraising = $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage and Shipping: Column (A) - Total = $57; Column (B) - Program Services = $46; Column (C) - Management & General = $8; Column (D) - Fundraising = $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Seminars: Column (A) - Total = $69; Column (B) - Program Services = $55; Column (C) - Management & General = $11; Column (D) - Fundraising = $3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Website: Column (A) - Total = $155; Column (B) - Program Services = $124; Column (C) - Management & General = $23; Column (D) - Fundraising = $8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0293740
IRS990/TotalAssetsEOYAmt0307429
IRS990/TotalAssetsGrp/BOYAmt0293740
IRS990/TotalAssetsGrp/EOYAmt0307429
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017670
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01219
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03653
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019493
IRS990/TotalFunctionalExpensesGrp/TotalAmt024365
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0293740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0307429
IRS990/TotalProgramServiceExpensesAmt019493
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02328
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07653
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027651
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0293740
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0307429
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt0293
IRS990/TravelGrp/ManagementAndGeneralAmt0878
IRS990/TravelGrp/ProgramServicesAmt04684
IRS990/TravelGrp/TotalAmt05855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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