Civic Intelligence

Impact Asia Foundation

990 • Fiscal year 2021 • EIN 82-0602373

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 05, 2022

1188 Bishop St STE 1106Honolulu, HI 96813

(808) 675-1942

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.00x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

90th percentile

85%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

73rd percentile

49%

Faster revenue growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$513,390

Up $236,261 (+85%) from 2020

Net Assets

Up

$513,390

Up $236,261 (+85%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$237,966

Up $77,725 (+49%) from 2020

Expenses

Up

$31,664

Up $16,067 (+103%) from 2020

Net Income

Up

$206,302

Up $61,658 (+43%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $38,494Liabilities 2017: $02017Assets 2018: $50,481Liabilities 2018: $0Net Assets 2018: $50,4812018Assets 2019: $126,117Liabilities 2019: $555Net Assets 2019: $125,5622019Assets 2020: $277,129Liabilities 2020: $0Net Assets 2020: $277,1292020Assets 2021: $513,390Liabilities 2021: $0Net Assets 2021: $513,3902021Assets 2022: $468,603Liabilities 2022: $0Net Assets 2022: $468,6032022Assets 2023: $554,757Liabilities 2023: $1,450Net Assets 2023: $553,3072023Assets 2024: $642,715Liabilities 2024: $0Net Assets 2024: $642,7152024

Highlighted filing

2021

Assets$513,390
Liabilities$0
Net Assets$513,390

Operations Trend

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

$300K$200K$100K$0Revenue 2017: $44,000Expenses 2017: $5,506Net Income 2017: $38,4942017Revenue 2018: $28,325Expenses 2018: $13,417Net Income 2018: $14,9082018Revenue 2019: $109,264Expenses 2019: $40,082Net Income 2019: $69,1822019Revenue 2020: $160,241Expenses 2020: $15,597Net Income 2020: $144,6442020Revenue 2021: $237,966Expenses 2021: $31,664Net Income 2021: $206,3022021Revenue 2022: $77,178Expenses 2022: $27,748Net Income 2022: $49,4302022Revenue 2023: $85,030Expenses 2023: $30,663Net Income 2023: $54,3672023Revenue 2024: $81,554Expenses 2024: $8,419Net Income 2024: $73,1352024

Highlighted filing

2021

Revenue$237,966
Expenses$31,664
Net Income$206,302
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 5, 2022
Return Version
2021v4.0
Gross Receipts
$237,966
Mission and Program Overview

Mission

Impact Asia Foundation is a non-profit corporation and shall operate exclusively for educational and charitable purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code, or the corresponding section of any future Federal tax code. The purpose of the organization is to reach South East Asia for Christ through the Ministries of Christian Mission to the Orient (CMO) in Thailand and SE Asia through the Youth Development Foundation of Chiang Mai (YDFCM). There is an anticipated need to manage properties and ministries long-term in association with CMO and YDFCM.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$258,426$506,012▲ $247,586
Cash and Non-Interest-Bearing Accounts$18,703$7,378▼ $11,325
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$277,129$513,390▲ $236,261
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0--
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$263,229$359,075▲ $95,846
Net Assets With Donor Restrictions$13,900$154,315▲ $140,415
Total Net Assets Fund Balance$277,129$513,390▲ $236,261
Total Liabilities and Net Assets / Fund Balance$277,129$513,390▲ $236,261

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$13,800$140,515→ $0$0$154,315
2020$13,800$0→ $0$0$13,800
2019$0$0→ $0$0$0
2018$0$0→ $0$0$0
2017$0$0→ $0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth FilbeckPresident
Carmen FilbeckDirector
Cheryl BassettDirector
Quinten FilbeckDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$214,751
Program Service Revenue
$0
Investment Income
$23,215
Other Revenue
$0
All Other Contributions
$214,514
Change in Net Assets
$206,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,664
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$10,191-$10,191
Fees for Service Investment Mgmnt Fees-$6,517-$6,517
Grants to Domestic Orgs$6,000--$6,000
Fees for Services Accounting-$3,984-$3,984
Travel-$3,606-$3,606
All Other Expenses-$877-$877
Conferences and Meetings-$471-$471
Advertising-$18-$18
Total Functional Expenses$6,000$25,664$0$31,664
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Christan Missionn to the OrientJoplin, MO-To Support the Mission of the Youth Develpment Foundation of Chian Mai$6,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Part VI, Section B, Line 11B

The borad will review a draft of form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the general public upon written request only.

Filing and Contact Details

Filer

Filer Name
Impact Asia Foundation
EIN
82-0602373
Phone
8086751942
Address
1188 Bishop St STE 1106, Honolulu, HI 96813

Signing Officer

Name
Kenneth Filbeck
Title
President
Phone
8082869029
Signed
2022-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Filbeck
Formed
2017
Legal Domicile
Hi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Mun-hee Song CPA Inc
Address
PO BOX 22930, HONOLULU, HI 96823
Preparer
Mun-Hee Song
Phone
8086751942
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

Schedule D, Part V, Line 4 - TEMPORARILY RESTRICTED TO SUPPORT CHRIST THROUGHT THE MINISTRIES OF CHRISTIAN MISSION TO THE ORIENT (CMO) IN THAILAND AND SE ASIA THROUGH THE YOUTH DEVELOPMENT FOUNDATION OF THE CHIAM MAI.

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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94188
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0549371
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0214484
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0156845
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0107042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt027000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt044000
IRS990ScheduleA/Total509Grp/TotalAmt0549371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0221444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0160237
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0129262
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt028325
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt044000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0583268
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013800
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0140515
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0154315
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt013800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt013800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt00
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Schedule D, Part V, Line 4 - TEMPORARILY RESTRICTED TO SUPPORT CHRIST THROUGHT THE MINISTRIES OF CHRISTIAN MISSION TO THE ORIENT (CMO) IN THAILAND AND SE ASIA THROUGH THE YOUTH DEVELOPMENT FOUNDATION OF THE CHIAM MAI.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE MISSION OF THE YOUTH DEVELPMENT FOUNDATION OF CHIAN MAI
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHRISTAN MISSIONN TO THE ORIENT
IRS990ScheduleI/RecipientTable/RecipientEIN0431249907
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2363
IRS990ScheduleI/RecipientTable/USAddress/CityNm0JOPLIN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd064803
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT TO SUPPORT THE MISSION OF THE YOUTH DEVELOPMENT FOUNDATION OF CHIAN MAI.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BORAD WILL REVIEW A DRAFT OF FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON WRITTEN REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0HI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0277129
IRS990/TotalAssetsEOYAmt0513390
IRS990/TotalAssetsGrp/BOYAmt0277129
IRS990/TotalAssetsGrp/EOYAmt0513390
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0214751
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025664
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06000
IRS990/TotalFunctionalExpensesGrp/TotalAmt031664
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00

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