Civic Intelligence

Sumo Inc

990 • Fiscal year 2023 • EIN 46-4501303

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 15, 2024

2801 Red Wolf BlvdJonesboro, AR 72401

(870) 972-8355

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.40x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.61x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

34%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Up

$2,241,467

Up $562,685 (+34%) from 2022

Net Assets

Up

$1,333,774

Up $562,685 (+73%) from 2022

Liabilities

Flat

$907,693

Flat from 2022

Revenue

Up

$562,710

Up $612,710 (+1225%) from 2022

Expenses

Down

$25

Down $5 (-17%) from 2022

Net Income

Up

$562,685

Up $612,715 (+1225%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $413,537Liabilities 2015: $250,358Net Assets 2015: $163,1792015Assets 2016: $441,048Liabilities 2016: $248,362Net Assets 2016: $192,6862016Assets 2017: $514,311Liabilities 2017: $371,827Net Assets 2017: $142,4842017Assets 2018: $697,187Liabilities 2018: $557,991Net Assets 2018: $139,1962018Assets 2019: $565,774Liabilities 2019: $443,101Net Assets 2019: $122,6732019Assets 2020: $965,154Liabilities 2020: $524,623Net Assets 2020: $440,5312020Assets 2021: $1,782,718Liabilities 2021: $961,599Net Assets 2021: $821,1192021Assets 2022: $1,678,782Liabilities 2022: $907,693Net Assets 2022: $771,0892022Assets 2023: $2,241,467Liabilities 2023: $907,693Net Assets 2023: $1,333,7742023Assets 2024: $1,240,076Liabilities 2024: $390,208Net Assets 2024: $849,8682024

Highlighted filing

2023

Assets$2,241,467
Liabilities$907,693
Net Assets$1,333,774

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $1,496,052Expenses 2015: $1,487,214Net Income 2015: $8,8382015Revenue 2016: $1,466,305Expenses 2016: $1,445,646Net Income 2016: $20,6592016Revenue 2017: $1,006,471Expenses 2017: $1,049,547Net Income 2017: -$43,0762017Revenue 2018: $1,425,400Expenses 2018: $1,418,202Net Income 2018: $7,1982018Revenue 2019: $1,576,354Expenses 2019: $1,579,282Net Income 2019: -$2,9282019Revenue 2020: $1,707,608Expenses 2020: $1,378,490Net Income 2020: $329,1182020Revenue 2021: $1,653,952Expenses 2021: $1,273,364Net Income 2021: $380,5882021Revenue 2022: -$50,000Expenses 2022: $30Net Income 2022: -$50,0302022Revenue 2023: $562,710Expenses 2023: $25Net Income 2023: $562,6852023Revenue 2024: -$40,000Expenses 2024: $443,906Net Income 2024: -$483,9062024

Highlighted filing

2023

Revenue$562,710
Expenses$25
Net Income$562,685
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 15, 2024
Return Version
2023v5.0
Gross Receipts
$562,710
Mission and Program Overview

Mission

Operate a social club in which alcoholic beverages are sold in a dining environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$840,518$1,163,203▲ $322,685
Accounts Receivable$837,044$1,077,044▲ $240,000
Other Notes and Loans Receivable, Net$1,220$1,220→ $0
Total Assets$1,678,782$2,241,467▲ $562,685
Liabilities
Accounts Payable and Accrued Expenses$907,693$907,693→ $0
Total Liabilities$907,693$907,693→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$771,089$1,333,774▲ $562,685
Total Net Assets Fund Balance$771,089$1,333,774▲ $562,685
Total Liabilities and Net Assets / Fund Balance$1,678,782$2,241,467▲ $562,685
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason PanPresident
Hau M HoSecretary/tr
Jian PanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$562,710
Change in Net Assets
$562,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$25
Total Functional Expenses$0$0$0$25
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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, Page 6, Part VI, Line 11B

Reviewed by board in a regularly-called meeting

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Sumo Inc
EIN
46-4501303
Phone
8709728355
Address
2801 RED WOLF BLVD, JONESBORO, AR 72401

Signing Officer

Name
Jian Pan
Title
Vice President
Phone
8709728355
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Pan
Formed
2014
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
THOMAS SPEIGHT & NOBLE CPA'S
Address
PO BOX 17167, JONESBORO, AR 72403-6721
Preparer
Jeff L Wicker CPA
Phone
8709325858
Supplemental Narrative

Additional Explanations

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

Operate a social club in which alcoholic beverages are sold in a dining environment.

Raw XML Appendix227 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.

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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings