Civic Intelligence

Sozo Impact Inc.

990 • Fiscal year 2019 • EIN 82-4956112

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 10, 2020

5422 Hilltop CresOakland, CA 94618

(917) 538-6317

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.03x

Higher debt load relative to assets than 1% of similar nonprofits.

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

Liabilities / Revenue

1st percentile

-0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

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

Net Margin

19th percentile

-15%

Higher net margin than 19% 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

8th percentile

-56%

Faster asset growth than 8% of similar nonprofits.

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

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$33,763

Down $42,980 (-56%) from 2018

Net Assets

Down

$34,785

Down $41,958 (-55%) from 2018

Liabilities

Down

-$1,022

Down $1,022 from 2018

Revenue

Up

$288,925

Up $44,215 (+18%) from 2018

Expenses

Up

$331,736

Up $163,769 (+98%) from 2018

Net Income

Down

-$42,811

Down $119,554 (-156%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2018: $76,743Liabilities 2018: $0Net Assets 2018: $76,7432018Assets 2019: $33,763Liabilities 2019: -$1,022Net Assets 2019: $34,7852019Assets 2020: $126,528Liabilities 2020: $6,951Net Assets 2020: $119,5772020Assets 2021: $143,004Liabilities 2021: $1,242Net Assets 2021: $141,7622021Assets 2022: $260,060Liabilities 2022: $74,975Net Assets 2022: $185,0852022Assets 2023: $1,833,209Liabilities 2023: $45,376Net Assets 2023: $1,787,8332023Assets 2024: $1,248,640Liabilities 2024: $51,078Net Assets 2024: $1,197,5622024

Highlighted filing

2019

Assets$33,763
Liabilities-$1,022
Net Assets$34,785

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $244,710Expenses 2018: $167,967Net Income 2018: $76,7432018Revenue 2019: $288,925Expenses 2019: $331,736Net Income 2019: -$42,8112019Revenue 2020: $242,992Expenses 2020: $151,103Net Income 2020: $91,8892020Revenue 2021: $166,926Expenses 2021: $144,741Net Income 2021: $22,1852021Revenue 2022: $282,396Expenses 2022: $239,073Net Income 2022: $43,3232022Revenue 2023: $2,285,046Expenses 2023: $682,298Net Income 2023: $1,602,7482023Revenue 2024: $1,986,073Expenses 2024: $2,576,345Net Income 2024: -$590,2722024

Highlighted filing

2019

Revenue$288,925
Expenses$331,736
Net Income-$42,811
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 10, 2020
Return Version
2019v5.1
Gross Receipts
$288,925
Mission and Program Overview

Mission

Sozo Impact raises funds from foundations, grants and individual donors to develop and incubate projects aimed at social impact through the arts. We amplify BIPOC voices using diverse mediums of creative storytelling as vehicles of social change and conversations.

Sozo impact raises funds from foundations,grants, and individual donors to produce artistic projects of high caliber educational value, aimed at social impact. We team up with artists that use diverse mediums of creative expression (film,theater,dance & music) as vechicles of social change and conversations. Climate change, humane technology, and social justice are just a few of the topics are are passionate about.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$76,743$34,785▼ $41,958
Cash and Non-Interest-Bearing Accounts$76,743$32,502▼ $44,241
Land, Buildings, and Equipment, Net-$1,261-
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$76,743$33,763▼ $42,980
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Accounts Payable and Accrued Expenses$0$-1,022▼ $1,022
Total Liabilities$0$-1,022▼ $1,022
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,743$34,785▼ $41,958
Total Liabilities and Net Assets / Fund Balance$76,743$33,763▼ $42,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,261-$1,261
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rika IinoPresident
April ThibeaultSecretary
Kaoru ShimizuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$288,925
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$288,925
Change in Net Assets
$-42,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$319,314
Grants and Similar Amounts Paid$12,422
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$206,245$0$0$206,245
Fees for Services Management$29,377$0$0$29,377
Travel$25,477$560$0$26,037
Occupancy$22,221$0$0$22,221
Office Expenses$13,622$1,029$0$14,651
Grants to Domestic Orgs$12,422--$12,422
Advertising$8,139$0$0$8,139
Fees for Services Legal$0$8,128$0$8,128
Fees for Services Accounting$0$1,500$0$1,500
Insurance$1,217$0$0$1,217
Other Expenses$0$1,046$0$1,046
Total Functional Expenses$318,720$13,016$0$331,736
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common ControlArtist Fees Paid to Management CompanyNo$83,416
-Common ControlSozo Artists Inc Was Contacted by Sozo ImpactNo$29,377
-Manaer/artistPayee Is Managed by Sozo Artists IncNo$12,422

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
Sozo Impact Inc
EIN
82-4956112
Phone
9175386317
Address
5422 HILLTOP CRES, OAKLAND, CA 94618

Signing Officer

Name
Rika Iino
Title
Founder & Producer
Phone
9175386317
Signed
2020-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rika Iino
Formed
2018
Legal Domicile
CA
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
The Nerko Group LLC
Address
626 RXR Plaza, Uniondale, NY 11556
Preparer
Carlo Nerko
Phone
5167616351
Supplemental Narrative

Additional Explanations

Other

Part 1 line 8 - while application is pending, sozo impact relied on a fiscal sponsor to accept donations on their behalf. This is considered revenue for the entity.

Pt VI, Line 11B

990 is available on request

Pt VI, Line 15A

NO PAID EMPLOYEES

Pt VI, Line 15B

NO PAID EMPLOYEES

Pt VI, Line 18

990 is available on request

Pt VI, Line 8A

Organization has not had any governing body meetings yet

Pt VI, Line 8B

Organization has not had any governing body meetings yet

Form 990, Part IX, Line 11G

Artist fees-1099 50345. 50345.

Form 990, Part IX, Line 11G

Artist tour tech/design 19342. 19342.

Form 990, Part IX, Line 11G

Photo/video 26323. 26323.

Form 990, Part IX, Line 11G

Film production fees 651. 651.

Form 990, Part IX, Line 11G

COSTUMES 3823. 3823.

Form 990, Part IX, Line 11G

Licenseing expenses 10347. 10347.

Form 990, Part IX, Line 11G

RENTS 669. 669.

Form 990, Part IX, Line 11G

Rented equipment 11329. 11329.

Form 990, Part IX, Line 11G

Payments to sozo aritsts as management 83416. 83416.

Financial Statement Notes

Pt IV, Line 2B

Contributions and grants from fiscal sponsorship

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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt0533635
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0288925
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0244710
IRS990ScheduleA/Total509Grp/TotalAmt0533635
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0533635
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01261
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01261
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS AND GRANTS FROM FISCAL SPONSORSHIP
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV, Line 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01261
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0SOZO ARTISTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1BOOGZ MEDIA INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SOZO ARTISTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON CONTROL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MANAER/ARTIST
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2COMMON CONTROL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt029377
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt112422
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt283416
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SOZO ARTISTS INC WAS CONTACTED BY SOZO IMPACT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PAYEE IS MANAGED BY SOZO ARTISTS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ARTIST FEES PAID TO MANAGEMENT COMPANY
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART 1 LINE 8 - WHILE APPLICATION IS PENDING, SOZO IMPACT RELIED ON A FISCAL SPONSOR TO ACCEPT DONATIONS ON THEIR BEHALF. THIS IS CONSIDERED REVENUE FOR THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS AVAILABLE ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO PAID EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO PAID EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4990 IS AVAILABLE ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ORGANIZATION HAS NOT HAD ANY GOVERNING BODY MEETINGS YET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION HAS NOT HAD ANY GOVERNING BODY MEETINGS YET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ARTIST FEES-1099 50345. 50345.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ARTIST TOUR TECH/DESIGN 19342. 19342.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PHOTO/VIDEO 26323. 26323.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FILM PRODUCTION FEES 651. 651.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11COSTUMES 3823. 3823.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12LICENSEING EXPENSES 10347. 10347.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13RENTS 669. 669.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14RENTED EQUIPMENT 11329. 11329.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15PAYMENTS TO SOZO ARITSTS AS MANAGEMENT 83416. 83416.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt076743
IRS990/TotalAssetsEOYAmt033763
IRS990/TotalAssetsGrp/BOYAmt076743
IRS990/TotalAssetsGrp/EOYAmt033763
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0288925
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013016
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0318720
IRS990/TotalFunctionalExpensesGrp/TotalAmt0331736
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0-1022
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0-1022
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt076743
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034785
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0318720
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288925
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033763
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0560
IRS990/TravelGrp/ProgramServicesAmt025477
IRS990/TravelGrp/TotalAmt026037
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05422 HILLTOP CRES
IRS990/USAddress/CityNm0OAKLAND
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094618
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RIKA IINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & PRODUCER
ReturnHeader/BusinessOfficerGrp/PhoneNum09175386317
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-10

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