Civic Intelligence

The Source of Hope

990EZ • Fiscal year 2019 • EIN 46-2491772

Jan 01, 2019 to Dec 31, 2019 • Filed on May 15, 2020

Organization ProfileN/A
1180 W Parker RdPlano, TX 75075

(972) 473-7767

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

0.30x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

30th percentile

-5.0%

Higher net margin than 30% 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

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

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

Revenue Growth

62nd percentile

9.8%

Faster revenue growth than 62% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$53,101

Up $10,019 (+23%) from 2018

Net Assets

$7,458

No earlier filing loaded for comparison.

Liabilities

Up

$45,643

Up $17,655 (+63%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin30th percentile

Revenue

Up

$153,931

Up $13,685 (+9.8%) from 2018

Expenses

Up

$161,567

Up $17,360 (+12%) from 2018

Net Income

Down

-$7,636

Down $3,675 (-93%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$100K$50K$0Assets 2013: $1,169Liabilities 2013: $0Net Assets 2013: $1,1692013Assets 2017: $62,686Liabilities 2017: $43,6312017Assets 2018: $43,082Liabilities 2018: $27,9882018Assets 2019: $53,101Liabilities 2019: $45,643Net Assets 2019: $7,4582019Assets 2020: $82,774Liabilities 2020: $47,435Net Assets 2020: $35,3392020Assets 2021: $87,808Liabilities 2021: $50,347Net Assets 2021: $37,4612021Assets 2022: $54,536Liabilities 2022: $5,581Net Assets 2022: $48,9552022Assets 2023: $73,787Liabilities 2023: $6,8452023Assets 2024: $62,104Liabilities 2024: $13,384Net Assets 2024: $48,7202024

Highlighted filing

2019

Assets$53,101
Liabilities$45,643
Net Assets$7,458
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2013: $6,006Expenses 2013: $4,837Net Income 2013: $1,1692013Revenue 2017: $127,677Expenses 2017: $108,622Net Income 2017: $19,0552017Revenue 2018: $140,246Expenses 2018: $144,207Net Income 2018: -$3,9612018Revenue 2019: $153,931Expenses 2019: $161,567Net Income 2019: -$7,6362019Revenue 2020: $105,314Expenses 2020: $77,433Net Income 2020: $27,8812020Revenue 2021: $47,300Expenses 2021: $45,178Net Income 2021: $2,1222021Revenue 2022: $57,113Expenses 2022: $45,619Net Income 2022: $11,4942022Revenue 2023: $79,802Expenses 2023: $61,815Net Income 2023: $17,9872023Revenue 2024: $47,553Expenses 2024: $65,775Net Income 2024: -$18,2222024

Highlighted filing

2019

Revenue$153,931
Expenses$161,567
Net Income-$7,636
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 15, 2020
Return Version
2019v5.1
Gross Receipts
$153,931
Mission and Program Overview

Mission

The source of hope empwers low income cosmetology students by providing assistance through educational program, grants,scholarships, in addition we provide services

The source of hope empwers low income cosmetology students by providing assistance through educational program grants, scholarships, in addition we provide services to local community with free or reduced cosmetic services and various outreach program

Program Services

DescriptionGrantsExpenses
CONTRIBUTION AND GRANTS$76,793$76,793
PROGRAM SERVICE$0$48,625
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHAU STONEPresidentPT$0--
WESLEY STONECOOPT$0--
CORDIA LEUNGTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Source of Hope
EIN
46-2491772
Phone
9724737767
Address
1180 W PARKER RD, PLANO, TX 75075

Signing Officer

Name
Chau Stone
Title
President
Phone
9724737767
Signed
2020-05-15

Preparer

Firm
M J Chau & Associates Pllc
Address
5454 SURREY PATH SUITE 107, FRISCO, TX 75034
Preparer
Melody J Chau
Phone
2147931099
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“SERIVCE 22438.”

Form 990EZ, Part I, Line 16

“Business registration fees 464.”

Form 990EZ, Part I, Line 16

“Fundraising expense 14107.”

Form 990EZ, Part I, Line 16

“AUTOMOBILE EXPENSE 5628.”

Form 990EZ, Part I, Line 16

“BANK SERVICE CHARGE 23.”

Form 990EZ, Part I, Line 16

“INSURANCE 2200.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSE 14113.”

Form 990EZ, Part I, Line 16

“TRAVEL AND MEETING 581.”

Form 990EZ, Part I, Line 16

“PROGRAM SERVICE 48625.”

Form 990EZ, Part I, Line 16

“TAXES AND LICENSE 73.”

Form 990EZ, Part I, Line 16

“Tsoh international services 2000.”

Form 990EZ, Part I, Line 16

“MEALS 142.”

Form 990EZ, Part I, Line 16

“Books, subscription, reference 1476.”

Form 990EZ, Part II, Line 24

“Accounts receivable 6211.”

Form 990EZ, Part II, Line 24

“OTHER ASSETS 820. 820.”

Raw XML Appendix174 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CHAU STONE
IRS990EZ/BooksInCareOfDetail/PhoneNum04699690244
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01108 W PARKER ROAD STE 104
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PLANO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd075075
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07070
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt076793
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7636
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012598
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt043082
IRS990EZ/Form990TotalAssetsGrp/EOYAmt053101
IRS990EZ/FundraisingGrossIncomeAmt017077
IRS990EZ/GainOrLossFromSaleOfAssetsAmt037623
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0153931
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt042262
IRS990EZ/LandAndBuildingsGrp/EOYAmt039000
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt015094
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07458
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt015094
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07458
IRS990EZ/OccupancyRentUtltsAndMaintAmt059537
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHAU STONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WESLEY STONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CORDIA LEUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1COO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0820
IRS990EZ/OtherAssetsTotalDetail/EOYAmt07031
IRS990EZ/OtherExpensesTotalAmt089432
IRS990EZ/OtherRevenueTotalAmt022438
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE SOURCE OF HOPE EMPWERS LOW INCOME COSMETOLOGY STUDENTS BY PROVIDING ASSISTANCE THROUGH EDUCATIONAL PROGRAM GRANTS, SCHOLARSHIPS, IN ADDITION WE PROVIDE SERVICES TO LOCAL COMMUNITY WITH FREE OR REDUCED COSMETIC SERVICES AND VARIOUS OUTREACH PROGRAM
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONTRIBUTION AND GRANTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROGRAM SERVICE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt076793
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt076793
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt148625
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt037623
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt017077
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt027988
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt045643
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0161567
IRS990EZ/TotalProgramServiceExpensesAmt0125418
IRS990EZ/TotalRevenueAmt0153931
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERIVCE 22438.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUSINESS REGISTRATION FEES 464.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSE 14107.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUTOMOBILE EXPENSE 5628.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK SERVICE CHARGE 23.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INSURANCE 2200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OFFICE EXPENSE 14113.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRAVEL AND MEETING 581.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROGRAM SERVICE 48625.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TAXES AND LICENSE 73.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TSOH INTERNATIONAL SERVICES 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MEALS 142.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12BOOKS, SUBSCRIPTION, REFERENCE 1476.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13ACCOUNTS RECEIVABLE 6211.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OTHER ASSETS 820. 820.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CHAU STONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09724737767
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SOURCE OF HOPE
ReturnHeader/Filer/BusinessNameControlTxt0SOUR
ReturnHeader/Filer/EIN0462491772
ReturnHeader/Filer/PhoneNum09724737767
ReturnHeader/Filer/USAddress/AddressLine1Txt01180 W PARKER RD
ReturnHeader/Filer/USAddress/CityNm0PLANO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075075
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00AF3B401C2EC2A6B937B8402E65413383C5C0261
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00AF3B401C2EC2A6B937B8402E65413383C5C0261
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.198.59.81
ReturnHeader/FilingSecurityInformation/IPDt02020-07-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm012:21:57
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M J CHAU & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05454 SURREY PATH SUITE 107
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075034
ReturnHeader/PreparerPersonGrp/PhoneNum02147931099
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELODY J CHAU
ReturnHeader/ReturnTs02020-07-15T12:22:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,101
Liabilities
$45,643
Net assets
$7,458
Revenue
$153,931
Expenses
$161,567
Net income
-$7,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.13$0.49$0.48$0.66$0.18
2023Summary only. Only limited summary data is available for this year.$0.74$0.07$0.80$0.62$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.06$0.49$0.57$0.46$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.88$0.50$0.37$0.47$0.45$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.47$0.35$1.05$0.77$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.46$0.07$1.54$1.62$0.08
2018Summary only. Only limited summary data is available for this year.$0.43$0.28$1.40$1.44$0.04
2017Summary only. Only limited summary data is available for this year.$0.63$0.44$1.28$1.09$0.19
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.06$0.05$0.01