Civic Intelligence

Shong Foundation

990 • Fiscal year 2019 • EIN 81-4873335

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

1001 JOHNSON PARKWAY Ste A9Saint Paul, MN 55106

(651) 283-6099

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

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

Net Margin

81st percentile

27%

Higher net margin than 81% 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

Score unavailable

No value available

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

Annualized from 2018 to 2019

Revenue Growth

36th percentile

-8.4%

Faster revenue growth than 36% of similar nonprofits.

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

Assets

Flat

$0

Flat from 2018

Net Assets

Flat

$0

Flat from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$74,208

Down $6,792 (-8.4%) from 2018

Expenses

Up

$54,313

Up $14,740 (+37%) from 2018

Net Income

Down

$19,895

Down $21,532 (-52%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $100,107Liabilities 2021: $0Net Assets 2021: $100,1072021Assets 2022: $86,244Liabilities 2022: $0Net Assets 2022: $86,2442022Assets 2023: $93,244Liabilities 2023: $0Net Assets 2023: $103,1752023Assets 2024: $129,831Liabilities 2024: $0Net Assets 2024: $129,8312024Assets 2025: $209,307Liabilities 2025: $0Net Assets 2025: $209,3052025

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2018: $81,000Expenses 2018: $39,573Net Income 2018: $41,4272018Revenue 2019: $74,208Expenses 2019: $54,313Net Income 2019: $19,8952019Revenue 2020: $104,000Expenses 2020: $90,594Net Income 2020: $13,4062020Revenue 2021: $69,687Expenses 2021: $91,401Net Income 2021: -$21,7142021Revenue 2022: $72,660Expenses 2022: $85,323Net Income 2022: -$12,6632022Revenue 2023: $100,548Expenses 2023: $83,617Net Income 2023: $16,9312023Revenue 2024: $89,728Expenses 2024: $63,071Net Income 2024: $26,6572024Revenue 2025: $135,307Expenses 2025: $55,833Net Income 2025: $79,4742025

Highlighted filing

2019

Revenue$74,208
Expenses$54,313
Net Income$19,895
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.0
Gross Receipts
$74,208
Mission and Program Overview

Mission

To ensure low income students have access to education

Our mission is to ensure everyone gain the same opportunity in Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shong YangFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$74,208
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$19,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$54,313
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$54,313--$54,313
Total Functional Expenses$54,313$0$0$54,313
Fundraising, Events, and Gaming
Fundraising activities
Yes
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
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

Part VI Line 11B

the board of director of the oganization conduct and review the form 990

Part VI Line 19

the document available to public upon request

Filing and Contact Details

Filer

Filer Name
Shong Foundation
EIN
81-4873335
In Care Of
% Yong Yang
Phone
6512836099
Address
1001 JOHNSON PARKWAY Ste A9, SAINT PAUL, MN 55106

Signing Officer

Name
Yong Yang
Title
Director
Phone
6512836099
Signed
2020-05-08

Organization Details

Principal Officer
Shong Yang
Formed
2016
Legal Domicile
Mn
Voting Board Members
0
Independent Board Members
0
Employees
0
Raw XML Appendix252 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the board of director of the oganization conduct and review the form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1the document available to public upon request
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YONG YANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06512836099
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-08
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ReturnHeader/Filer/BusinessNameControlTxt0SHON
ReturnHeader/Filer/EIN0814873335
ReturnHeader/Filer/InCareOfNm0% Yong Yang
ReturnHeader/Filer/PhoneNum06512836099
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0O
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.54.17.246
ReturnHeader/ReturnTs02020-05-08T13:59:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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