Civic Intelligence

Hecares Foundation Inc.

990EZ • Fiscal year 2023 • EIN 83-1538521

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 07, 2024

Organization ProfileN/A
500 E Remington Dr 25Sunnyvale, CA 94087

(408) 720-1766

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

49th percentile

3.7%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$409,988

Up $72,094 (+21%) from 2021

Net Assets

Up

$409,988

Up $72,094 (+21%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin94th percentile

Revenue

Up

$55,803

Up $3,900 (+7.5%) from 2021

Expenses

Up

$17,896

Up $9,999 (+127%) from 2021

Net Income

Down

$37,907

Down $6,099 (-14%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$600K$400K$200K$0Assets 2019: $161,844Liabilities 2019: $02019Assets 2020: $293,888Liabilities 2020: $02020Assets 2021: $337,894Liabilities 2021: $0Net Assets 2021: $337,8942021Assets 2023: $409,988Liabilities 2023: $0Net Assets 2023: $409,9882023Assets 2024: $379,707Net Assets 2024: $379,7072024

Highlighted filing

2023

Assets$409,988
Liabilities$0
Net Assets$409,988
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $160,344Expenses 2019: $0Net Income 2019: $160,3442019Revenue 2020: $148,696Expenses 2020: $16,652Net Income 2020: $132,0442020Revenue 2021: $51,903Expenses 2021: $7,897Net Income 2021: $44,0062021Revenue 2023: $55,803Expenses 2023: $17,896Net Income 2023: $37,9072023Revenue 2024: $16,697Expenses 2024: $46,978Net Income 2024: -$30,2812024

Highlighted filing

2023

Revenue$55,803
Expenses$17,896
Net Income$37,907
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 7, 2024
Return Version
2023v5.1
Gross Receipts
$55,803
Mission and Program Overview

Mission

Education on acupunture and other Chinese medicinal practices.

Program Services

DescriptionGrantsExpenses
Education on acupunture and other Chinese medicinal practices.-$17,896
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank HeCEOPT$0--
Lydia RidgwayCFO-$0--
Jonathan HeSecretary-$0--
Filing and Contact Details

Filer

Filer Name
HeCares Foundation Inc
EIN
83-1538521
Phone
4087201766
Address
500 E Remington Dr 25, Sunnyvale, CA 94087

Signing Officer

Name
Frank He
Title
CEO
Signed
2024-10-07
Discuss with paid preparer
Yes

Preparer

Firm
Asam Llp
Address
500 SANSOME ST STE 502, SAN FRANCISCO, CA 94111
Preparer
Joyce Tso CPA
Phone
4157882371
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $4000”

Other Expenses.1007

“Conferences, Conventions, and Meetings $12400”

Other Expenses.1

“Telephome Expense $210”

Other Expenses.2

“Bank Service Charge $86”

Raw XML Appendix140 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0Frank He
IRS990EZ/BooksInCareOfDetail/PhoneNum04087201766
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 E Remington Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Sunnyvale
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0940872612
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0372081
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0409988
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt055803
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt037907
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0372081
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0409988
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt055803
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0372081
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0409988
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0372081
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0409988
IRS990EZ/OccupancyRentUtltsAndMaintAmt01200
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Frank He
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lydia Ridgway
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jonathan He
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt016696
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Education on acupunture and other Chinese medicinal practices.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Education on acupunture and other Chinese medicinal practices.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt017896
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt017896
IRS990EZ/TotalProgramServiceExpensesAmt017896
IRS990EZ/TotalRevenueAmt055803
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt048500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt051903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0148696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0160344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0465246
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0465246
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055803
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt048500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt051903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0148696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0160344
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0465246
IRS990ScheduleA/TotalSupportAmt0465246
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $4000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conferences, Conventions, and Meetings $12400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Telephome Expense $210
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Bank Service Charge $86
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Frank He
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HeCares Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0HECA
ReturnHeader/Filer/EIN0831538521
ReturnHeader/Filer/PhoneNum04087201766
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 E Remington Dr 25
ReturnHeader/Filer/USAddress/CityNm0Sunnyvale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094087
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474709852
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASAM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 SANSOME ST STE 502
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094111
ReturnHeader/PreparerPersonGrp/PhoneNum04157882371
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joyce Tso CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-10-07T08:21:05-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$409,988
Liabilities
$0
Net assets
$409,988
Revenue
$55,803
Expenses
$17,896
Net income
$37,907
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.80$3.80$0.17$0.47$0.30
2023Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$0.56$0.18$0.38
2021Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.52$0.08$0.44
2020Summary only. Only limited summary data is available for this year.$2.94$0.00$1.49$0.17$1.32
2019Summary only. Only limited summary data is available for this year.$1.62$0.00$1.60$0.00$1.60