Civic Intelligence

Wise Zhao Funds

990 • Fiscal year 2023 • EIN 92-0609921

Jan 01, 2023 to Dec 31, 2023 • Filed on May 21, 2024

5201 Berwick LnParker, TX 75002

(469) 216-8889

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

29th percentile

-3.5%

Faster asset growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$964,549

Down $35,480 (-3.5%) from 2022

Net Assets

Down

$964,549

Down $35,480 (-3.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$0

Down $1,000,029 (-100%) from 2022

Expenses

Up

$35,480

Up $35,480 from 2022

Net Income

Down

-$35,480

Down $1,035,509 (-104%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2022: $1,000,029Liabilities 2022: $0Net Assets 2022: $1,000,0292022Assets 2023: $964,549Liabilities 2023: $0Net Assets 2023: $964,5492023Assets 2024: $1,119,517Liabilities 2024: $0Net Assets 2024: $1,119,5172024

Highlighted filing

2023

Assets$964,549
Liabilities$0
Net Assets$964,549

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2022: $1,000,029Expenses 2022: $0Net Income 2022: $1,000,0292022Revenue 2023: $0Expenses 2023: $35,480Net Income 2023: -$35,4802023Revenue 2024: $174,288Expenses 2024: $19,320Net Income 2024: $154,9682024

Highlighted filing

2023

Revenue$0
Expenses$35,480
Net Income-$35,480
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 21, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

To help the development of culture, fitness and leisure in rural areas near dallas, to promote education and cultural exchanges in rural areas of china and the united states, to help people in rural areas of jiaozuo, henan, china, to exchange education on humanities, democracy, and universal value

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,000,029$964,549▼ $35,480
Total Assets$1,000,029$964,549▼ $35,480
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,000,029$964,549▼ $35,480
Total Net Assets Fund Balance$1,000,029$964,549▼ $35,480
Total Liabilities and Net Assets / Fund Balance$1,000,029$964,549▼ $35,480
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shuangcheng ZhaoPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-35,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$27,600
Other Expenses$7,880
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$27,600--$27,600
Fees for Services Management-$6,000-$6,000
Advertising-$1,500-$1,500
Fees for Services Accounting-$380-$380
Total Functional Expenses$27,600$7,880$0$35,480
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Russell Creek Church---$20,000
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wise Zhao Funds
EIN
92-0609921
Phone
4692168889
Address
5201 BERWICK LN, PARKER, TX 75002

Signing Officer

Name
Shuangcheng Zhao
Title
President
Phone
4692168889
Signed
2024-05-21

Organization Details

Principal Officer
Jinxiang Feng
Formed
2022
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
M J Chau & Associates Pllc
Address
5454 SURREY PATH STE 107, FRISCO, TX 75034
Preparer
Melody Chau
Phone
9724277711
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To help the development of culture, fitness and leisure in rural areas near dallas, to promote education and cultural exchanges in rural areas of china and the united states, to help people in rural areas of jiaozuo, henan, china, to exchange education on humanities, democracy, and universal value

Raw XML Appendix231 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.

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IRS990/GrantsToOrganizationsInd0true
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IRS990/GrossReceiptsAmt00
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/PrincipalOfficerNm0JINXIANG FENG
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020000
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IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RUSSELL CREEK CHURCH
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO HELP THE DEVELOPMENT OF CULTURE, FITNESS AND LEISURE IN RURAL AREAS NEAR DALLAS, TO PROMOTE EDUCATION AND CULTURAL EXCHANGES IN RURAL AREAS OF CHINA AND THE UNITED STATES, TO HELP PEOPLE IN RURAL AREAS OF JIAOZUO, HENAN, CHINA, TO EXCHANGE EDUCATION ON HUMANITIES, DEMOCRACY, AND UNIVERSAL VALUE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHUANGCHENG ZHAO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04692168889
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WISE ZHAO FUNDS
ReturnHeader/Filer/BusinessNameControlTxt0WISE
ReturnHeader/Filer/EIN0920609921
ReturnHeader/Filer/PhoneNum04692168889
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ReturnHeader/Filer/USAddress/CityNm0PARKER
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261567284
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ReturnHeader/PreparerPersonGrp/PhoneNum09724277711
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELODY CHAU
ReturnHeader/ReturnTs02024-05-21T17:43:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHUANGCHENG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ZHAO
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings