Civic Intelligence

Sonset Solutions Inc.

990 • Fiscal year 2018 • EIN 46-4043025

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 25, 2019

2830 17th StElkhart, IN 46517-4008

(574) 970-4252

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

69th percentile

8.0%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.7%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,504,798

Up $186,318 (+8.0%) from 2017

Net Assets

Up

$2,408,587

Up $251,750 (+12%) from 2017

Liabilities

Down

$96,211

Down $65,432 (-40%) from 2017

Revenue

Up

$1,874,372

Up $134,475 (+7.7%) from 2017

Expenses

Up

$1,622,622

Up $220,574 (+16%) from 2017

Net Income

Down

$251,750

Down $86,099 (-25%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$2,504,798
Liabilities$96,211
Net Assets$2,408,587

Operations Trend

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

2018

Revenue$1,874,372
Expenses$1,622,622
Net Income$251,750
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 25, 2019
Return Version
2018v3.1
Gross Receipts
$2,275,725
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$1,612,548$1,256,397▼ $356,151
Cash and Non-Interest-Bearing Accounts$37,471$624,296▲ $586,825
Land, Buildings, and Equipment, Net$387,430$374,181▼ $13,249
Inventories for Sale or Use$181,676$190,915▲ $9,239
Prepaid Expenses and Deferred Charges$51,550$11,451▼ $40,099
Accounts Receivable-$4,107-
Total Assets$2,318,480$2,504,798▲ $186,318
Other Assets Total$47,805$43,451▼ $4,354
Liabilities
Deferred Revenue$133,748$70,602▼ $63,146
Other Liabilities$25,521$24,344▼ $1,177
Accounts Payable and Accrued Expenses$2,374$1,265▼ $1,109
Total Liabilities$161,643$96,211▼ $65,432
Net Assets / Fund Balance
Unrestricted Net Assets$1,475,201$1,691,292▲ $216,091
Temporarily Rstr Net Assets$681,636$717,295▲ $35,659
Total Net Assets Fund Balance$2,156,837$2,408,587▲ $251,750
Total Liabilities and Net Assets / Fund Balance$2,318,480$2,504,798▲ $186,318

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$216,238$80,563$296,801
Land$150,000-$150,000
Other Land Buildings$6,575$13,475$20,050
Equipment$1,368$5,468$6,836
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David RussellPresident anFT$81,144$81,144
Jonathan FietDirector ofFT$79,129$79,129
Curtlin BenderV.p OperatioFT$62,640$62,640

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,860,737
Program Service Revenue
$0
Investment Income
$22,041
Other Revenue
$-8,406
All Other Contributions
$1,860,737
Change in Net Assets
$251,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,267,163
Other Expenses$355,459
Total Fundraising Expense$84,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$885,592$43,062$24,044$952,698
Current Officers, Directors, Trustees, and Key Employees$143,784$79,129-$222,913
Office Expenses$63,781$10,938$24,723$99,442
Travel$78,147$3,817$4,577$86,541
Occupancy$52,017--$52,017
Payroll Taxes$40,593$9,164$1,839$51,596
Fees for Services Management$41,256-$5,832$47,088
Pension Plan Contributions$24,410$3,492$721$28,623
Depreciation Depletion$25,892--$25,892
Fees for Services Accounting-$3,299$20,622$23,921
Other Employee Benefits-$11,333-$11,333
Advertising$5,601$495$937$7,033
Other Expenses$2,510$2,786$860$6,156
Information Technology$4,086$627-$4,713
Conferences and Meetings$1,003$1,653-$2,656
Total Functional Expenses$1,368,672$169,795$84,155$1,622,622
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$24,344
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 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 four 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.

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. From this amount the employees must purchase their own benefits, including, medical, dental, vision and life insurance as well as funding their own retirement plan.

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
Director of Finance
Phone
5743292505
Signed
2019-06-25

Organization Details

Principal Officer
David Russell
Formed
2013
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
23
Volunteers
37

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 2018 we assisted 195 ministry organizations in 63 countries. We supplied transmitters, antenna systems, studio equipment, automation software and shipped over 10,000 fixed-tuned solar-power radio receivers for community and regional radio broadcast stations. We developed and delivered 113 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 2018 we welcomed the participation of over 35 university students who caught the vision and worked alongside us in these worthy activities. Sonset solutions, in its' fifth year, continues the good work it began in 2013.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVESTMENT INC, SALE OF SCRAP METAL 61,370
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01841293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0303896
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01368
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05468
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06836
IRS990ScheduleD/LandGrp/BookValueAmt0150000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0150000
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013475
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024344
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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 2018 WE ASSISTED 195 MINISTRY ORGANIZATIONS IN 63 COUNTRIES. WE SUPPLIED TRANSMITTERS, ANTENNA SYSTEMS, STUDIO EQUIPMENT, AUTOMATION SOFTWARE AND SHIPPED OVER 10,000 FIXED-TUNED SOLAR-POWER RADIO RECEIVERS FOR COMMUNITY AND REGIONAL RADIO BROADCAST STATIONS. WE DEVELOPED AND DELIVERED 113 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 2018 WE WELCOMED THE PARTICIPATION OF OVER 35 UNIVERSITY STUDENTS WHO CAUGHT THE VISION AND WORKED ALONGSIDE US IN THESE WORTHY ACTIVITIES. SONSET SOLUTIONS, IN ITS' FIFTH YEAR, CONTINUES THE GOOD WORK IT BEGAN IN 2013.
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 FOUR 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.
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. FROM THIS AMOUNT THE EMPLOYEES MUST PURCHASE THEIR OWN BENEFITS, INCLUDING, MEDICAL, DENTAL, VISION AND LIFE INSURANCE AS WELL AS FUNDING THEIR OWN RETIREMENT PLAN.
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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