Civic Intelligence

Hope Biosciences STEM Cell Research

990 • Fiscal year 2021 • EIN 84-3802908

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 06, 2022

515 Post Oak Blvd 1000Houston, TX 77027

(713) 333-2200

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.04x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

2nd percentile

-115%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$154,299

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

2nd percentile

-45%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,307,055

Down $1,068,795 (-45%) from 2020

Net Assets

Down

$1,267,816

Down $1,034,369 (-45%) from 2020

Liabilities

Down

$39,239

Down $34,426 (-47%) from 2020

Revenue

Down

$895,977

Down $2,664,874 (-75%) from 2020

Expenses

Up

$1,930,346

Up $660,129 (+52%) from 2020

Net Income

Down

-$1,034,369

Down $3,325,003 (-145%) from 2020

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

2021

Assets$1,307,055
Liabilities$39,239
Net Assets$1,267,816

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

2021

Revenue$895,977
Expenses$1,930,346
Net Income-$1,034,369
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 6, 2022
Return Version
2021v4.2
Gross Receipts
$895,977
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$2,349,646$1,307,055▼ $1,042,591
Rtn Earn Endowment Incm Other Fnds$2,302,185$1,267,816▼ $1,034,369
Pledges and Grants Receivable$26,204--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,375,850$1,307,055▼ $1,068,795
Liabilities
Accounts Payable and Accrued Expenses$73,665$39,239▼ $34,426
Total Liabilities$73,665$39,239▼ $34,426
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,302,185$1,267,816▼ $1,034,369
Total Liabilities and Net Assets / Fund Balance$2,375,850$1,307,055▼ $1,068,795
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann RehkopfEmployeeFT$138,920$15,378$154,298
Sherry DiersEmployeeFT$113,440$19,697$133,137

Board Members and Trustees

NameTitle
Donna ChangDirector
Donna WalkerDirector
Kenneth DuncanDirector
Lisa YoungDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$895,579
Program Service Revenue
$0
Investment Income
$398
Other Revenue
$0
All Other Contributions
$895,579
Change in Net Assets
$-1,034,369
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,174,123
Salaries, Compensation, and Employee Benefits$756,223
Total Fundraising Expense$29,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$531,469$47,536$22,926$601,931
Fees for Services Other$519,266$-211-$519,055
Office Expenses$464,013$5,841-$469,854
Other Employee Benefits$67,581$1,118$2,373$71,072
Occupancy-$66,000-$66,000
Fees for Services Management$54,593--$54,593
Payroll Taxes$47,805$4,366$2,066$54,237
Pension Plan Contributions$25,350$2,305$1,328$28,983
Information Technology$13,656$8,532-$22,188
Advertising$4,002--$4,002
Fees for Services Accounting$1,575--$1,575
Other Expenses$853$3,385$1,034$853
Conferences and Meetings$346$110-$456
Fees for Services Legal-$245-$245
All Other Expenses$175--$175
Total Functional Expenses$1,761,392$139,227$29,727$1,930,346
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
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
No
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, Section A, Line 6

Hope biosciences stem cell research foundation has a sole member, greater houston community foundation, a texas nonprofit corporation.

Form 990, Part VI, Section A, Line 8B

Organization does not have any committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The final document was distributed via email to the board members for review prior to filing. The tax manager of the greater houston community foundation initially reviews the 990. Upon the resolution of any questions raised by this individual 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, Section B, Line 12C

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, Section C, Line 19

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
EIN
84-3802908
Phone
7133332200
Address
515 POST OAK BLVD 1000, HOUSTON, TX 77027

Signing Officer

Name
Donna Chang
Title
Director
Phone
7133332200
Signed
2022-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Chang
Formed
2019
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
13
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 IX, Line 11G

Consulting - program: program service expenses 519,266. Management and general expenses 0. Fundraising expenses 0. Total expenses 519,266. Consulting - management: program service expenses 0. Management and general expenses -406. Fundraising expenses 0. Total expenses -406. Labor recruiting: program service expenses 0. Management and general expenses 195. Fundraising expenses 0. Total expenses 195.

Financial Statement Notes

PART X, LINE 2:

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, 2021, the tax years that remain subject to examination by the major tax jurisdictions under the statute of limitations are from the years 2018 through 2020 with limited execeptions. 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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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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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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, 2021, THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS UNDER THE STATUTE OF LIMITATIONS ARE FROM THE YEARS 2018 THROUGH 2020 WITH LIMITED EXECEPTIONS. 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0138920
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04201
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011177
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EMPLOYEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154298
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE BIOSCIENCES STEM CELL RESEARCH FOUNDATION HAS A SOLE MEMBER, GREATER HOUSTON COMMUNITY FOUNDATION, A TEXAS NONPROFIT CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINAL DOCUMENT WAS DISTRIBUTED VIA EMAIL TO THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. THE TAX MANAGER OF THE GREATER HOUSTON COMMUNITY FOUNDATION INITIALLY REVIEWS THE 990. UPON THE RESOLUTION OF ANY QUESTIONS RAISED BY THIS INDIVIDUAL 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/ExplanationTxt3THE 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/ExplanationTxt4COPIES 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/ExplanationTxt5CONSULTING - PROGRAM: PROGRAM SERVICE EXPENSES 519,266. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 519,266. CONSULTING - MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES -406. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -406. LABOR RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 195. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 195.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER HOUSTON COMMUNITY FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE SERVICES AND FINANCIAL ASSISSTANCE TO THE COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 8
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0515 POST OAK BLVD STE 1000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0HOUSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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IRS990ScheduleR/TransferToOtherOrgInd00
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IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02375850
IRS990/TotalAssetsEOYAmt01307055
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IRS990/TotalAssetsGrp/EOYAmt01307055
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0895579
IRS990/TotalEmployeeCnt013
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0139227
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01761392
IRS990/TotalFunctionalExpensesGrp/TotalAmt01930346
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073665
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IRS990/TotalLiabilitiesGrp/EOYAmt039239
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02302185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01267816
IRS990/TotalOtherCompensationAmt035076
IRS990/TotalProgramServiceExpensesAmt01761392
IRS990/TotalReportableCompFromOrgAmt0252360
IRS990/TotalRevenueGrp/ExclusionAmt0398
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0895977
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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