Civic Intelligence

Sonset Solutions Inc

EIN 46-4043025 • 501(c)3 • Elkhart, IN

Profile

Providing technical equipment and resources, including radio equipment to various christian missionary organizations.

2830 17th StElkhart, IN 46517-4008

sonsetsolutions.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.06x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

34th percentile

-0.8%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,460,253

Up $374,889 (+12%) from 2019

Liabilities

Up

$129,740

Up $12,807 (+11%) from 2019

Net Assets

Up

$3,330,513

Up $362,082 (+12%) from 2019

Revenue

Down

$2,234,092

Down $17,255 (-0.8%) from 2019

Expenses

Up

$1,872,010

Up $180,507 (+11%) from 2019

Net Income

Down

$362,082

Down $197,762 (-35%) from 2019

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $321,821Liabilities 2014: $14,790Net Assets 2014: $307,0312014Assets 2015: $1,954,551Liabilities 2015: $292,445Net Assets 2015: $1,662,1062015Assets 2016: $1,900,996Liabilities 2016: $82,008Net Assets 2016: $1,818,9882016Assets 2017: $2,318,480Liabilities 2017: $161,643Net Assets 2017: $2,156,8372017Assets 2018: $2,504,798Liabilities 2018: $96,211Net Assets 2018: $2,408,5872018Assets 2019: $3,085,364Liabilities 2019: $116,933Net Assets 2019: $2,968,4312019Assets 2020: $3,460,253Liabilities 2020: $129,740Net Assets 2020: $3,330,5132020

Highlighted filing

2020

Assets$3,460,253
Liabilities$129,740
Net Assets$3,330,513

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2014: $307,155Expenses 2014: $1,269Net Income 2014: $305,8862014Revenue 2015: $2,056,777Expenses 2015: $698,443Net Income 2015: $1,358,3342015Revenue 2016: $1,394,329Expenses 2016: $1,237,447Net Income 2016: $156,8822016Revenue 2017: $1,739,897Expenses 2017: $1,402,048Net Income 2017: $337,8492017Revenue 2018: $1,874,372Expenses 2018: $1,622,622Net Income 2018: $251,7502018Revenue 2019: $2,251,347Expenses 2019: $1,691,503Net Income 2019: $559,8442019Revenue 2020: $2,234,092Expenses 2020: $1,872,010Net Income 2020: $362,0822020

Highlighted filing

2020

Revenue$2,234,092
Expenses$1,872,010
Net Income$362,082

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 30, 2021
Return Version
2020v4.0
Gross Receipts
$2,498,861
Mission and Program Overview

Mission

Providing technical equipment and resources, including radio equipment to various christian missionary organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,516,943$1,529,288▲ $12,345
Cash and Non-Interest-Bearing Accounts$785,884$1,199,925▲ $414,041
Land, Buildings, and Equipment, Net$355,693$347,773▼ $7,920
Inventories for Sale or Use$213,874$228,118▲ $14,244
Pledges and Grants Receivable$115,200--
Prepaid Expenses and Deferred Charges$46,797$102,935▲ $56,138
Accounts Receivable$5,282$5,388▲ $106
Total Assets$3,085,364$3,460,253▲ $374,889
Other Assets Total$45,691$46,826▲ $1,135
Liabilities
Deferred Revenue$92,960$107,010▲ $14,050
Other Liabilities$22,972$21,729▼ $1,243
Accounts Payable and Accrued Expenses$1,001$1,001→ $0
Total Liabilities$116,933$129,740▲ $12,807
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,154,943$2,402,852▲ $247,909
Net Assets With Donor Restrictions$813,488$927,661▲ $114,173
Total Net Assets Fund Balance$2,968,431$3,330,513▲ $362,082
Total Liabilities and Net Assets / Fund Balance$3,085,364$3,460,253▲ $374,889

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$196,618$122,695$319,313
Land$150,000-$150,000
Other Land Buildings$1,155$18,895$20,050
Equipment-$6,836$6,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Daivd RussellPresident anFT$95,756$95,756
Jonathan FietChief Fin. OFT$86,316$86,316
Curtlin BenderV.p OperatioFT$66,910$66,910

Board Members and Trustees

NameTitle
Paul DuckworthBoard Chairm
Jack HilerBoard Member
Ray LabordeBoard Member
Sheri CampeauBoard Member
Tim StephensBoard Member
Marian DouceBoard Secret
David WhiteBoard Treasu
Gary HabeggerBoard Vice C
Revenue and Support

Revenue Composition

Contributions and Grants
$2,186,566
Program Service Revenue
$0
Investment Income
$37,742
Other Revenue
$9,784
All Other Contributions
$2,186,566
Change in Net Assets
$362,082
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,547,092
Other Expenses$324,918
Total Fundraising Expense$54,282
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,055,248$80,266-$1,135,514
Current Officers, Directors, Trustees, and Key Employees$162,666$86,316-$248,982
Office Expenses$74,158$10,610$26,161$110,929
Pension Plan Contributions$57,828$40,510-$98,338
Fees for Services Management$58,733-$5,948$64,681
Payroll Taxes$44,906$12,422-$57,328
Occupancy$48,619--$48,619
Fees for Services Accounting-$8,902$20,688$29,590
Depreciation Depletion$22,814--$22,814
Other Expenses$9,019$11,173$653$20,845
Travel$13,068$2,964$607$16,639
Other Employee Benefits-$6,930-$6,930
Information Technology$4,159$417-$4,576
Advertising$2,511$858$225$3,594
Conferences and Meetings$785$1,846-$2,631
Total Functional Expenses$1,554,514$263,214$54,282$1,872,010
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Payable$21,729
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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, Part VI

(line 7a) the board governance committee is appointed by the chairman of the board annually, and is composed of the committee chairman and additional board directors, who annually seek to recruit , qualify and recommend individuals to the board of directors to fill open positions on the board to be voted on in the annual meeting of the corporation in december of each year. The governance committee was also composed of an advisor to the board in 2020.

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

Process by which the form 990 is reviewed by the members of the board of directors - all members of the board are sent a copy of the completed form 990 by e-mail and are asked to review it and respond by e-mail to the board chair that they have reviewed the completed form 990. When the chair has received word from all directors that they have reviewed the completed form 990 and are satisfied that it is accurate, the completed form 990 is filed with the internal revenue service.

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

The conflict of interest policy is monitored by way of an annual written statement from each officer and director. Any of these individuals with a perceived or actual conflict of interest is recused from discussion and voting on the matter to which the conflict relates.

Form 990, Page 6, Part VI, Line 15A

The performance and compensation of the ceo is reviewed, deliberated and established in an executive session of sonset solutions' independent board of directors during which the ceo is excused. The corresponding decisions and actions are then communicated to the ceo by the board chairman.

Form 990, Page 6, Part VI, Line 19

The organization's corporate bylaws, conflict of interest policy and compiled financial statements will be made available to the general public upon written request.

Form 990, Part VII

Compensation for employees includes all gross pay, including ministerial housing allowance.

Filing and Contact Details

Filer

Filer Name
Sonset Solutions Inc
EIN
46-4043025
Phone
5749704252
Address
2830 17TH ST, ELKHART, IN 46517-4008

Signing Officer

Name
Jonathan Fiet
Title
Chief Fin. Officer
Phone
5743292505
Signed
2021-08-30

Organization Details

Principal Officer
Daivd Russell
Formed
2013
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
22
Volunteers
34

Preparer

Firm
Cornerstone CPA Group Llp
Address
3160 WINDSOR CT, ELKHART, IN 46514-5556
Preparer
Bruce a Beyler CPA
Phone
5742628886
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The activities of sonset solutions, inc. Are centered on the use of traditional and emerging technology for the propagation of the christian message and the strengthening of the christian church. We provide high quality technology-based equipment, service, consultation, and training to organizations who share our objectives. In 2020 we assisted 180 ministry organizations in 60 countries. We supplied transmitters, antenna systems, studio equipment, automation software and shipped over 8,273 fixed-tuned solar-power radio receivers for community and regional radio broadcast stations. We developed and delivered 300 satellite-based remote monitors for water systems that help ensure a dependable supply of clean water in underprivileged areas of the world. This caring for human need is a tangible demonstration of the essence of the message we seek to propagate. In 2020 we welcomed the participation of 3 university students who caught the vision and worked alongside us in these worthy activities. Sonset solutions inc. In its 7th year, continues the good work it began in 2014.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011173
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IRS990/OtherLiabilitiesGrp/EOYAmt021729
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt040510
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057828
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01516943
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01529288
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0161,594
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02098957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01860737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01610993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01237195
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0616
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02761
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01817265
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt043300
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt057315
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt025198
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt029419
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06362
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IRS990ScheduleA/PublicSupportPY170Pct00.97720
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08994448
IRS990ScheduleA/TotalSupportAmt09158803
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0319313
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06836
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01155
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018895
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021729
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITY PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt021729
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACTIVITIES OF SONSET SOLUTIONS, INC. ARE CENTERED ON THE USE OF TRADITIONAL AND EMERGING TECHNOLOGY FOR THE PROPAGATION OF THE CHRISTIAN MESSAGE AND THE STRENGTHENING OF THE CHRISTIAN CHURCH. WE PROVIDE HIGH QUALITY TECHNOLOGY-BASED EQUIPMENT, SERVICE, CONSULTATION, AND TRAINING TO ORGANIZATIONS WHO SHARE OUR OBJECTIVES. IN 2020 WE ASSISTED 180 MINISTRY ORGANIZATIONS IN 60 COUNTRIES. WE SUPPLIED TRANSMITTERS, ANTENNA SYSTEMS, STUDIO EQUIPMENT, AUTOMATION SOFTWARE AND SHIPPED OVER 8,273 FIXED-TUNED SOLAR-POWER RADIO RECEIVERS FOR COMMUNITY AND REGIONAL RADIO BROADCAST STATIONS. WE DEVELOPED AND DELIVERED 300 SATELLITE-BASED REMOTE MONITORS FOR WATER SYSTEMS THAT HELP ENSURE A DEPENDABLE SUPPLY OF CLEAN WATER IN UNDERPRIVILEGED AREAS OF THE WORLD. THIS CARING FOR HUMAN NEED IS A TANGIBLE DEMONSTRATION OF THE ESSENCE OF THE MESSAGE WE SEEK TO PROPAGATE. IN 2020 WE WELCOMED THE PARTICIPATION OF 3 UNIVERSITY STUDENTS WHO CAUGHT THE VISION AND WORKED ALONGSIDE US IN THESE WORTHY ACTIVITIES. SONSET SOLUTIONS INC. IN ITS 7TH YEAR, CONTINUES THE GOOD WORK IT BEGAN IN 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(LINE 7A) THE BOARD GOVERNANCE COMMITTEE IS APPOINTED BY THE CHAIRMAN OF THE BOARD ANNUALLY, AND IS COMPOSED OF THE COMMITTEE CHAIRMAN AND ADDITIONAL BOARD DIRECTORS, WHO ANNUALLY SEEK TO RECRUIT , QUALIFY AND RECOMMEND INDIVIDUALS TO THE BOARD OF DIRECTORS TO FILL OPEN POSITIONS ON THE BOARD TO BE VOTED ON IN THE ANNUAL MEETING OF THE CORPORATION IN DECEMBER OF EACH YEAR. THE GOVERNANCE COMMITTEE WAS ALSO COMPOSED OF AN ADVISOR TO THE BOARD IN 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCESS BY WHICH THE FORM 990 IS REVIEWED BY THE MEMBERS OF THE BOARD OF DIRECTORS - ALL MEMBERS OF THE BOARD ARE SENT A COPY OF THE COMPLETED FORM 990 BY E-MAIL AND ARE ASKED TO REVIEW IT AND RESPOND BY E-MAIL TO THE BOARD CHAIR THAT THEY HAVE REVIEWED THE COMPLETED FORM 990. WHEN THE CHAIR HAS RECEIVED WORD FROM ALL DIRECTORS THAT THEY HAVE REVIEWED THE COMPLETED FORM 990 AND ARE SATISFIED THAT IT IS ACCURATE, THE COMPLETED FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED BY WAY OF AN ANNUAL WRITTEN STATEMENT FROM EACH OFFICER AND DIRECTOR. ANY OF THESE INDIVIDUALS WITH A PERCEIVED OR ACTUAL CONFLICT OF INTEREST IS RECUSED FROM DISCUSSION AND VOTING ON THE MATTER TO WHICH THE CONFLICT RELATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PERFORMANCE AND COMPENSATION OF THE CEO IS REVIEWED, DELIBERATED AND ESTABLISHED IN AN EXECUTIVE SESSION OF SONSET SOLUTIONS' INDEPENDENT BOARD OF DIRECTORS DURING WHICH THE CEO IS EXCUSED. THE CORRESPONDING DECISIONS AND ACTIONS ARE THEN COMMUNICATED TO THE CEO BY THE BOARD CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S CORPORATE BYLAWS, CONFLICT OF INTEREST POLICY AND COMPILED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR EMPLOYEES INCLUDES ALL GROSS PAY, INCLUDING MINISTERIAL HOUSING ALLOWANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01554514
IRS990/TotalFunctionalExpensesGrp/TotalAmt01872010
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IRS990/TravelGrp/FundraisingAmt0607
IRS990/TravelGrp/ManagementAndGeneralAmt02964
IRS990/TravelGrp/ProgramServicesAmt013068
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