Civic Intelligence

Hope Biosciences STEM Cell Research

990 • Fiscal year 2020 • EIN 84-3802908

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 26, 2021

515 Post Oak Blvd Suite 1000Houston, TX 77027

(713) 333-2200

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

100th percentile

13732%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

13267%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,375,850

Up $2,358,674 (+13732%) from 2019

Net Assets

Up

$2,302,185

Up $2,290,634 (+19831%) from 2019

Liabilities

Up

$73,665

Up $68,040 (+1210%) from 2019

Revenue

Up

$3,560,851

Up $3,534,211 (+13267%) from 2019

Expenses

Up

$1,270,217

Up $1,255,128 (+8318%) from 2019

Net Income

Up

$2,290,634

Up $2,279,083 (+19731%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2019: $17,176Liabilities 2019: $5,625Net Assets 2019: $11,5512019Assets 2020: $2,375,850Liabilities 2020: $73,665Net Assets 2020: $2,302,1852020Assets 2021: $1,307,055Liabilities 2021: $39,239Net Assets 2021: $1,267,8162021Assets 2022: $364,822Liabilities 2022: $521,354Net Assets 2022: -$156,5322022Assets 2023: $1,813,473Liabilities 2023: $40,657Net Assets 2023: $1,772,8162023Assets 2024: $3,926,859Liabilities 2024: $31,599Net Assets 2024: $3,895,2602024

Highlighted filing

2020

Assets$2,375,850
Liabilities$73,665
Net Assets$2,302,185

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2019: $26,640Expenses 2019: $15,089Net Income 2019: $11,5512019Revenue 2020: $3,560,851Expenses 2020: $1,270,217Net Income 2020: $2,290,6342020Revenue 2021: $895,977Expenses 2021: $1,930,346Net Income 2021: -$1,034,3692021Revenue 2022: $356,381Expenses 2022: $1,780,729Net Income 2022: -$1,424,3482022Revenue 2023: $1,399,765Expenses 2023: $1,038,425Net Income 2023: $361,3402023Revenue 2024: $3,388,575Expenses 2024: $1,268,229Net Income 2024: $2,120,3462024

Highlighted filing

2020

Revenue$3,560,851
Expenses$1,270,217
Net Income$2,290,634
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 26, 2021
Return Version
2020v4.0
Gross Receipts
$3,560,851
Mission and Program Overview

Mission

To fund translational research in regenerative medicine to develop cures for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$17,176$2,349,646▲ $2,332,470
Rtn Earn Endowment Incm Other Fnds$11,551$2,302,185▲ $2,290,634
Pledges and Grants Receivable$0$26,204▲ $26,204
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$17,176$2,375,850▲ $2,358,674
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,625$73,665▲ $68,040
Other Liabilities$0$0→ $0
Total Liabilities$5,625$73,665▲ $68,040
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,551$2,302,185▲ $2,290,634
Total Liabilities and Net Assets / Fund Balance$17,176$2,375,850▲ $2,358,674
Compensation and Service Providers

Board Members and Trustees

NameTitle
-President/Founder
-Director
Revenue and Support

Revenue Composition

Contributions and Grants
$3,558,130
Program Service Revenue
$0
Investment Income
$2,721
Other Revenue
$0
All Other Contributions
$3,548,130
Change in Net Assets
$2,290,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$857,540
Salaries, Compensation, and Employee Benefits$412,677
Total Fundraising Expense$14,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$529,647$8,287-$537,934
Other Salaries and Wages$313,705$21,455$1,166$336,326
Fees for Services Other$128,606$19,306$13,000$160,912
Occupancy-$44,000-$44,000
Fees for Services Management$42,696--$42,696
Information Technology$8,274$28,227-$36,501
Other Employee Benefits$32,151$964$6$33,121
Payroll Taxes$28,259$2,070$147$30,476
Pension Plan Contributions$12,704$50-$12,754
Fees for Services Legal$10,132--$10,132
Conferences and Meetings$3,280$346-$3,626
Fees for Services Accounting$2,325--$2,325
Advertising$2,262--$2,262
Other Expenses$30$1,413$283$30
Total Functional Expenses$1,129,497$126,118$14,602$1,270,217
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
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4 Significant changes to organizational documents

The organization restated it's certificate of formation and it's bylaws to have a single Member.

Form 990, Part VI, Line 6 Classes of members or stockholders

The organization has as it's sole member, the Greater Houston Community Foundation, a Texas nonprofit corporation. The following matters are reserved to the Member and shall require the affirmative actions of the Member to be effective: (a) Merger, acquisition or consolidation of the Corporation; (b) Borrowing or lending of money or the creation of indebtedness through the guaranty of another's debt or similar action; (c) Removal, at any time, in its sole discretion, with or without cause, one or more members (each a "Director") of the Board of Directors of the Corporation (the "Board" or "Board of Directors"); and (d) Imposing any restriction on the Corporation for any activity or transaction which would result in the loss by the corporation of its status as an organization exempt from Federal income taxation under section 501(a) of the Code, or corresponding provisions hereafter in effect, as an organization described in section 501(c)(3) of the Code, or corresponding provisions hereafter in effect.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The ORGANIZATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.

Form 990, Part VI, Line 11B Review of form 990 by governing body

THE FINAL DOCUMENT WAS DISTRIBUTED VIA EMAIL TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE Tax Manager AND Assistant CONTROLLER OF THE GREATER HOUSTON COMMUNITY FOUNDATION INITIALLY REVIEW THE 990. UPON THE RESOLUTION OF ANY QUESTIONS RAISED BY THESE TWO INDIVIDUALS AND ANY CHANGES THAT RESULT FROM THIS REVIEW, THE COMPLETED DOCUMENT IS THEN DISTRIBUTED TO THE PRINCIPAL OFFICER FOR THEIR REVIEW. ONCE REVIEWED BY THIS INDIVIDUAL, AND UPDATED WITH ANY CHANGES, A FINALIZED COPY IS PROVIDED TO THIS INDIVIDUAL FOR FINAL REVIEW AND APPROVAL, PRIOR TO DISTRIBUTION TO THE BOARD.

Form 990, Part VI, Line 12C Conflict of interest policy

The conflict of interest policy is distributed to all directors, non-director committee members, and employees annually. They are asked to acknowledge receipt by returning a signed acknowledgement. When discussion occurs and/or votes are taken in committee and/or board members and a member indicates a conflict of interest, such conflicts are noted in the minutes of the meeting and the member abstains from any vote taken.

Form 990, Part VI, Line 19 Required documents available to the public

Copies of the certificate of formation, bylaws, and conflicts of interest policy may be obtained by calling the office. The organization's financials are not audited. A copy of the combined audited financials for the related organizations, greater houston community foundation, may be requested by calling the office.

Filing and Contact Details

Filer

Filer Name
Hope Biosciences Stem Cell Research Foundation
EIN
84-3802908
Phone
7133332200
Address
515 Post Oak Blvd Suite 1000, Houston, TX 77027

Signing Officer

Name
Lisa Young
Title
Vice President/Director
Signed
2021-10-26
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
10
Volunteers
4

Preparer

Firm
Harper & Pearson Company PC
Address
One Riverway Suite 1900, Houston, TX 77056
Preparer
Guy T Tabor CPA
Phone
7136222310
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Hope Biosciences Stem Cell Research Foundation IS A CO-EMPLOYER WITH INSPERITY THROUGH THE CENTER FOR COMMUNITY INITIATIVES OF THE GREATER HOUSTON COMMUNITY FOUNDATION AND DOES NOT FILE FORM W-3. INSPERITY FILES THIS FORM UNDER ITS TAX IDENTIFICATION NUMBER.

Form 990, Part IX, Line 11G Other Fees

Consulting-Management - Total Expense: 19306, Program Service Expense: , Management and General Expenses: 19306, Fundraising Expenses: ; Labor / Recruiting - Total Expense: 1189, Program Service Expense: 1189, Management and General Expenses: , Fundraising Expenses: ; Consulting-Fundraising - Total Expense: 13000, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: 13000; Consulting-Program - Total Expense: 127417, Program Service Expense: 127417, Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The foundation believes that all significant tax positions utilized by the foundation will more likely than not be sustained upon examination. As of december 31, 2020, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are from the years 2017 through 2019 with limited exceptions. Tax penalties and interest, if any, would be accrued as incurred and would be classified as general and administrative expense in the statements of activities.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION BELIEVES THAT ALL SIGNIFICANT TAX POSITIONS UTILIZED BY THE FOUNDATION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2020, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS UNDER THE STATUTE OF LIMITATIONS ARE FROM THE YEARS 2017 THROUGH 2019 WITH LIMITED EXCEPTIONS. TAX PENALTIES AND INTEREST, IF ANY, WOULD BE ACCRUED AS INCURRED AND WOULD BE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSE IN THE STATEMENTS OF ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Hope Biosciences Stem Cell Research Foundation IS A CO-EMPLOYER WITH INSPERITY THROUGH THE CENTER FOR COMMUNITY INITIATIVES OF THE GREATER HOUSTON COMMUNITY FOUNDATION AND DOES NOT FILE FORM W-3. INSPERITY FILES THIS FORM UNDER ITS TAX IDENTIFICATION NUMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization restated it's certificate of formation and it's bylaws to have a single Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has as it's sole member, the Greater Houston Community Foundation, a Texas nonprofit corporation. The following matters are reserved to the Member and shall require the affirmative actions of the Member to be effective: (a) Merger, acquisition or consolidation of the Corporation; (b) Borrowing or lending of money or the creation of indebtedness through the guaranty of another's debt or similar action; (c) Removal, at any time, in its sole discretion, with or without cause, one or more members (each a "Director") of the Board of Directors of the Corporation (the "Board" or "Board of Directors"); and (d) Imposing any restriction on the Corporation for any activity or transaction which would result in the loss by the corporation of its status as an organization exempt from Federal income taxation under section 501(a) of the Code, or corresponding provisions hereafter in effect, as an organization described in section 501(c)(3) of the Code, or corresponding provisions hereafter in effect.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The ORGANIZATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINAL DOCUMENT WAS DISTRIBUTED VIA EMAIL TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE Tax Manager AND Assistant CONTROLLER OF THE GREATER HOUSTON COMMUNITY FOUNDATION INITIALLY REVIEW THE 990. UPON THE RESOLUTION OF ANY QUESTIONS RAISED BY THESE TWO INDIVIDUALS AND ANY CHANGES THAT RESULT FROM THIS REVIEW, THE COMPLETED DOCUMENT IS THEN DISTRIBUTED TO THE PRINCIPAL OFFICER FOR THEIR REVIEW. ONCE REVIEWED BY THIS INDIVIDUAL, AND UPDATED WITH ANY CHANGES, A FINALIZED COPY IS PROVIDED TO THIS INDIVIDUAL FOR FINAL REVIEW AND APPROVAL, PRIOR TO DISTRIBUTION TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL DIRECTORS, NON-DIRECTOR COMMITTEE MEMBERS, AND EMPLOYEES ANNUALLY. THEY ARE ASKED TO ACKNOWLEDGE RECEIPT BY RETURNING A SIGNED ACKNOWLEDGEMENT. WHEN DISCUSSION OCCURS AND/OR VOTES ARE TAKEN IN COMMITTEE AND/OR BOARD MEMBERS AND A MEMBER INDICATES A CONFLICT OF INTEREST, SUCH CONFLICTS ARE NOTED IN THE MINUTES OF THE MEETING AND THE MEMBER ABSTAINS FROM ANY VOTE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES OF THE CERTIFICATE OF FORMATION, BYLAWS, AND CONFLICTS OF INTEREST POLICY MAY BE OBTAINED BY CALLING THE OFFICE. THE ORGANIZATION'S FINANCIALS ARE NOT AUDITED. A COPY OF THE COMBINED AUDITED FINANCIALS FOR THE RELATED ORGANIZATIONS, GREATER HOUSTON COMMUNITY FOUNDATION, MAY BE REQUESTED BY CALLING THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Consulting-Management - Total Expense: 19306, Program Service Expense: , Management and General Expenses: 19306, Fundraising Expenses: ; Labor / Recruiting - Total Expense: 1189, Program Service Expense: 1189, Management and General Expenses: , Fundraising Expenses: ; Consulting-Fundraising - Total Expense: 13000, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: 13000; Consulting-Program - Total Expense: 127417, Program Service Expense: 127417, Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 4 Significant changes to organizational documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
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