Civic Intelligence

Half the Sky Foundation

990 • Fiscal year 2014 • EIN 95-4714047

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 14, 2015

715 Hearst AvenueBerkeley, CA 94710

(510) 525-3377

Siviq Scores

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

Liabilities / Assets

50th percentile

0.19x

Higher debt load relative to assets than 50% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

34th percentile

0.10x

Higher debt load relative to revenue than 34% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$310,213

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

95th percentile

65%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-3.4%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,565,607

Up $1,398,803 (+65%) from 2013

Net Assets

Up

$2,881,808

Up $923,647 (+47%) from 2013

Liabilities

Up

$683,799

Up $475,156 (+228%) from 2013

Revenue

Down

$6,981,575

Down $243,289 (-3.4%) from 2013

Expenses

Down

$6,057,928

Down $941,882 (-13%) from 2013

Net Income

Up

$923,647

Up $698,593 (+310%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,604,727Liabilities 2011: $435,523Net Assets 2011: $2,169,2042011Assets 2012: $2,132,309Liabilities 2012: $405,283Net Assets 2012: $1,727,0262012Assets 2013: $2,166,804Liabilities 2013: $208,643Net Assets 2013: $1,958,1612013Assets 2014: $3,565,607Liabilities 2014: $683,799Net Assets 2014: $2,881,8082014Assets 2015: $3,433,803Liabilities 2015: $558,083Net Assets 2015: $2,875,7202015Assets 2016: $3,445,998Liabilities 2016: $170,669Net Assets 2016: $3,275,3292016Assets 2017: $3,622,135Liabilities 2017: $173,890Net Assets 2017: $3,448,2452017Assets 2018: $2,539,045Liabilities 2018: $224,778Net Assets 2018: $2,314,2672018Assets 2019: $2,502,680Liabilities 2019: $275,138Net Assets 2019: $2,227,5422019Assets 2020: $2,991,377Liabilities 2020: $741,665Net Assets 2020: $2,249,7122020Assets 2021: $3,976,088Liabilities 2021: $521,627Net Assets 2021: $3,454,4612021Assets 2022: $3,178,858Liabilities 2022: $278,094Net Assets 2022: $2,900,7642022Assets 2023: $2,407,002Liabilities 2023: $576,536Net Assets 2023: $1,830,4662023Assets 2024: $2,291,181Liabilities 2024: $302,245Net Assets 2024: $1,988,9362024

Highlighted filing

2014

Assets$3,565,607
Liabilities$683,799
Net Assets$2,881,808

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $7,625,057Expenses 2011: $8,158,281Net Income 2011: -$533,2242011Expenses 2012: $8,365,2482012Revenue 2013: $7,224,864Expenses 2013: $6,999,810Net Income 2013: $225,0542013Revenue 2014: $6,981,575Expenses 2014: $6,057,928Net Income 2014: $923,6472014Revenue 2015: $6,616,209Expenses 2015: $6,622,297Net Income 2015: -$6,0882015Revenue 2016: $6,351,852Expenses 2016: $5,652,243Net Income 2016: $699,6092016Revenue 2017: $6,501,676Expenses 2017: $6,328,760Net Income 2017: $172,9162017Revenue 2018: $5,701,672Expenses 2018: $6,835,650Net Income 2018: -$1,133,9782018Revenue 2019: $6,682,234Expenses 2019: $6,760,937Net Income 2019: -$78,7032019Revenue 2020: $6,765,778Expenses 2020: $6,743,608Net Income 2020: $22,1702020Revenue 2021: $6,959,503Expenses 2021: $5,754,754Net Income 2021: $1,204,7492021Revenue 2022: $4,544,876Expenses 2022: $5,098,573Net Income 2022: -$553,6972022Revenue 2023: $4,848,094Expenses 2023: $5,918,392Net Income 2023: -$1,070,2982023Revenue 2024: $7,190,855Expenses 2024: $7,032,385Net Income 2024: $158,4702024

Highlighted filing

2014

Revenue$6,981,575
Expenses$6,057,928
Net Income$923,647
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 14, 2015
Return Version
2014v5.0
Gross Receipts
$6,990,885
Mission and Program Overview

Mission

OneSky aims to ensure that young children at risk have a caring adult in their lives and a chance at a bright future by teaching communities and caregivers to provide nurturing responsive care and early education. In support of its goal to enrich the lives of children, OneSky has developed the OneSky Approach to quality early education and care.

Half the sky ("hts") was created in order to enrich the lives and enhance the prospects for orphaned children in china.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$785,728$1,861,630▲ $1,075,902
Savings and Temporary Cash Investments$390,867$354,647▼ $36,220
Prepaid Expenses and Deferred Charges$35,811$82,383▲ $46,572
Pledges and Grants Receivable$75,000$0▼ $75,000
Inventories for Sale or Use$65,528$62,065▼ $3,463
Accounts Receivable$1,243$38,452▲ $37,209
Land, Buildings, and Equipment, Net$9,899$13,332▲ $3,433
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0--
Total Assets$2,166,804$3,565,607▲ $1,398,803
Other Assets Total$802,728$1,153,098▲ $350,370
Liabilities
Other Liabilities$4,990$500,000▲ $495,010
Accounts Payable and Accrued Expenses$203,653$183,799▼ $19,854
Total Liabilities$208,643$683,799▲ $475,156
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,944,662$2,528,462▲ $583,800
Unrestricted Net Assets$13,499$353,346▲ $339,847
Permanently Rstr Net Assets$0--
Total Net Assets Fund Balance$1,958,161$2,881,808▲ $923,647
Total Liabilities and Net Assets / Fund Balance$2,166,804$3,565,607▲ $1,398,803

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,799$141,336$152,135
Other Land Buildings$2,533$23,686$26,219
Other Assets Org$322,506--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-CEOFT$295,000$15,213$310,213
-Chief Philanthropy OfficerFT$73,642$112,523$186,165
-Chief Technology OfficerFT$125,198$4,781$129,979
-Global Director of DevelopmentFT$111,395$14,190$125,585
-Director,Strategic InitiativesFT$103,000$21,856$124,856
-Chief Program OfficerFT$109,077$3,272$112,349
-DirectorPT$36,667-$36,667

Board Members and Trustees

NameTitle
-Chairman
-Chairman - Partial Year
-Director - Partial Year
-Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,968,153
Program Service Revenue
$0
Investment Income
$1,910
Other Revenue
$11,512
All Other Contributions
$6,795,225
Change in Net Assets
$923,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,642,866
Salaries, Compensation, and Employee Benefits$2,415,062
Total Fundraising Expense$454,584
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,342,873$99,947$206,103$1,648,923
Conferences and Meetings$560,976--$560,976
Current Officers, Directors, Trustees, and Key Employees$155,108$116,330$38,777$310,215
Other Employee Benefits$167,579$24,564$16,517$208,660
Information Technology$180,333-$10,471$190,804
Occupancy$76,368$61,872-$138,240
Payroll Taxes$79,439$13,001$20,349$112,789
All Other Expenses$62,515$6,978$40,694$110,187
Office Expenses$216$14,774$91,667$106,657
Comp Disqual Persons$103,000--$103,000
Travel$42,206$21,482$22,392$86,080
Fees for Services Other$76,267$0$0$76,267
Fees for Services Accounting$3,500$67,000-$70,500
Pension Plan Contributions$21,671$2,998$6,806$31,475
Other Expenses$30,598--$30,598
Insurance$4,026$13,491$808$18,325
Fees for Services Legal-$11,681-$11,681
Depreciation Depletion$6,624--$6,624
Total Functional Expenses$5,149,226$454,118$454,584$6,057,928
International Activity

International Summary

Offices
1
Employees
21
Spending
$3,567,969

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesOperates Programs in State-run Orphanages121$3,567,969
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,344
Fundraising Gross Income$5,248
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Dinner 2014 (US part)$135,030$5,248$5,344$-96
Event 2-$0-$0
Total Events$135,030$5,248$5,344$-96
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Husband of CEOCompensation as an Employee - Director,strategic InitiativesNo$103,000

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--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$500,000
Amount due to Half the Sky HK-
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 family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 11B Review of form 990 by governing body

Half the Sky Foundation staff gathers the required tax information necessary to complete the return and prepares the initial draft. The accounting firm reviews the initial draft with the finance team. Recommended changes are reflected in the final return and then sent to the board of directors before the final 990 is filed with the IRS.

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

All new and existing board members and officers are required to update the conflict of interest form annually. These are reviewed by the board as well as the executive director. If a conflict of interest exists, the director shall leave the meeting while the transaction is discussed and shall not vote on the issue.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board members conduct an annual review by interviewing board and direct reports. The basis for salary compensation is derived from two sources: center for nonprofit management compensation & benefits survey and charity navigator or chronicle of philanthropy surveys. After the board votes on the recommendations made by the compensation committee, the committee meets with the employee, shares the review and conveys the board-approved compensation for the upcoming year.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Using the same process as described in the narrative for Part VI, line 15a.

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

THE FINANCIAL STATEMENTS AND THE FORM 990 ARE POSTED ON Half the Sky Foundation's WEBSITE, WHILE THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Half the Sky Foundation
EIN
95-4714047
Phone
5105253377
Address
715 HEARST AVENUE, BERKELEY, CA 94710

Signing Officer

Name
Jenny Bowen
Title
CEO
Signed
2015-07-14
Discuss with paid preparer
Yes

Organization Details

Formed
1998
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
9
Employees
19
Volunteers
21

Preparer

Firm
Crowe Horwath Llp
Address
400 Capitol Mall, Suite 1400, Sacramento, CA 95814-4434
Preparer
John Woodhull
Phone
9164411000
Supplemental Narrative

Additional Explanations

CoreFormPartIII_PartIIILine4d Description of other program services

(Expenses $ 177,376 including grants of $ 0)(Revenue $ 0) OneSky Initiative: Beginning in October 2014, the Foundation started to evaluate the feasibility of expanding its work beyond orphanages by creating model programs for disadvantaged, "left behind" children living in rural China through a pilot project called OneSky.

Financial Statement Notes

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

The Foundation has been recognized as an organization exempt from tax pursuant to Internal Revenue Code Section 501(c)(3) and classified by the Internal Revenue Service as other than a private foundation, and has been recognized by the California Franchise Tax Board as exempt from California franchise taxes under Revenue and Taxation Code Section 23701(d). Asia Ltd. has been granted tax exempt status by the Hong Kong Inland Revenue Department. UK Ltd. has been granted tax exempt status by UK HM Revenue & Customs. The Foundation is also qualified as a charitable fund ("ANBI"') in the Netherlands for tax purposes. Current accounting standards require the Foundation to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2014 and 2013, management has determined that the Foundation does not have any tax positions that result in any uncertainties regarding the possible impact on the Foundation's financial statements. The Foundation is no longer subject to examination by taxing authorities for years before 2008. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at December 31, 2014 and 2013.

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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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IRS990/Desc0Model Children's Centers: The Foundation partners with government to operate four model programs in 26 Chinese provinces and municipalities. The Foundation's Model Children's Centers, who are located in 54 government-run social welfare institutions, have to date provided nurturing and educational opportunities for over 70,000 orphaned children. As of 12/31/2014, the Foundation hired 555 nannies and supervisors to cuddle, love and provide 1,900 orphaned infants (0-3 years) the physical and emotional stimulation essential for healthy development. The Foundation renovates rooms in the welfare institutions and provides training, salaries, other program expenses and supervision of staff. In the preschools, 319 Foundation-trained teachers and mentors use a unique and progressive curriculum that blends principles of the Reggio Emilia approach to early childhood education with contemporary Chinese teaching methods. The program is designed not only to prepare the 1,292 children (4-7 years) to succeed in Chinese schools, but also to help facilitate healthy emotional, physical and cognitive development by developing the "whole child." During 2014, the Foundation supported 1,026 children in 251 foster families through its Family Village program, partnering with local governments to renovate apartments, provide furnishings, a stipend and ongoing training for foster parents. The Foundation also provides individualized learning opportunities for 377 youth who remain in the institutions. The Foundation tailors these opportunities to the specific child, offering such services as tutoring prior to entrance exams, tuition to vocational schools, funds for music, dance, computer or art classes, and tutors for learning a second language. The Foundation also provides school fees for orphans to attend universities throughout China.
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Dana Johnson
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Gaetano Russo
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Peter Lighte
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Peter Bennett
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Randy Belcher
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8Stephen Chipman
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9Matt Dalio
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10Joe Longo
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11Melissa Ma
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12Zhenyao Wang
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13Janice N Cotton
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14Carol Kemble
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15Sandy Wang
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt16Cindy Lin
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17Richard Bowen
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Chief Program Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Global Director of Development
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chief Philanthropy Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director,Strategic Initiatives
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IRS990/MissionDesc0Half the Sky (HTS) was created in 1998 in order to enrich the lives of orphaned children in China. We provide model programs and caregiver training designed to offer loving, family-like care to children of all ages and abilities. It is our goal to ensure that every orphaned child has a caring adult in her life and a chance at a bright future.
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IRS990/OtherExpensesGrp/Desc0Nannies, Teachers and Supervisors
IRS990/OtherExpensesGrp/Desc1Surgery and Nurturing Care
IRS990/OtherExpensesGrp/Desc2Youth Stipends, Tuition & Workshop
IRS990/OtherExpensesGrp/Desc3Progress reports
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JENNY BOWEN
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IRS990/ProgSrvcAccomActy2Grp/Desc0Rainbow Program: Beginning in October 2011, the Foundation began its Rainbow Program Implementation Plan that will enable the Foundation to eventually train every caregiver in the country and thereby help the Chinese raise the standards of care for its entire child welfare system. By the end of December 31, 2013, 18 provinces had completed 52 sessions of primary and 110 secondary Rainbow trainings. By the end of December 31, 2014, 24 provinces had completed 23 sessions of primary and 67 sessions of secondary training. The Foundation has trained 8,480 caregivers from 636 welfare centers and stationed 24 child development experts in 24 provinces in China who are providing support and mentoring for Half the Sky-inspired programs being established throughout those provinces.
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IRS990/ProgSrvcAccomActy3Grp/Desc0China Care Program: The Foundation provides medical care and nurturing pre- and post-operative care at the China Care Home (CCH) in Beijing. In 2014, CCH reported 336 new admissions and 292 surgeries. Also during 2014, the Foundation ran a volunteer program for 9 China Care Club (CCC) members from 9 high schools and colleges in the U.S. and 13 high schoolers adopted from China who spent two weeks playing with and helping to care for the children at the China Care Home.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OneSky Initiative: Beginning in October 2014, the Foundation started to evaluate the feasibility of expanding its work beyond orphanages by creating model programs for disadvantaged, "left behind" children living in rural China through a pilot project called OneSky.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.30$1.99$7.19$7.03$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.58$1.83$4.85$5.92$1.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.28$2.90$4.54$5.10$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.52$3.45$6.96$5.75$1.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.74$2.25$6.77$6.74$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.28$2.23$6.68$6.76$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.22$2.31$5.70$6.84$1.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.17$3.45$6.50$6.33$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.17$3.28$6.35$5.65$0.70
2015Detailed filing. Detailed filing data is available for this year.$3.43$0.56$2.88$6.62$6.62$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.57$0.68$2.88$6.98$6.06$0.92
2013Detailed filing. Detailed filing data is available for this year.$2.17$0.21$1.96$7.22$7.00$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.41$1.73$8.37
2011Summary only. Only limited summary data is available for this year.$2.60$0.44$2.17$7.63$8.16$0.53
Peer Organizations

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