Publication of independent media in Midwest

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$48K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average deficit $33K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$319K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
Spent
$4.7M
To programs
97%
Net assets
$737K
By yearFY2020–FY2024
Revenue
$4.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9M
FY2021$7.0M
FY2022$4.7M
FY2023$5.8M
FY2024$6.2M
Expenses
$4.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$6.3M
FY2022$6.2M
FY2023$5.4M
FY2024$6.1M
Net assets
$737K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$737K
FY2021$1.5M
FY2022$545K
FY2023$861K
FY2024$909K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $4.5M Management & general 3% · $147K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
Manager
$25,600Pt VII · Sec A
Executive Director
$17,300Pt VII · Sec A
Project Manager
$5,600Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Angela Moy—$36,950$44,326——
Chang Zhang$36,807————
Karen Li$35,600$36,075$33,340$31,200$25,600
Stacey Tang$36,000$36,000$32,800$31,200$17,300
Ning Yu$31,200————
Sophie Wang—$17,400$14,100$14,100$5,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Publishes independent news and stories from across the Midwest.

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Provided by the organization

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3 programs · $4.5M · in their own filed words · FY2020
01

Sound of Hope NFP circulates an independent newspaper English edition in Midwest.

$4.5Mprogram expense
02

Since 2013, Sound of Hope NFP has been distributing the above-mentioned newspaper Chinese edition in Midwest. The Chinese edition is free of charge and goes to grocery stores, community centers in 10 states including IA, IL, IN, KS, KY, MN, MO, NE, OH, WI.

$44Kprogram expense
03

In 2018, Sound of Hope NFP launched radio broadcast at WQEG-LP. The radio station is based in Arlington Heights IL.

$19Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Fees for servicesLn 2g$4.8M
Gifts and grantsLn 1h$45K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.5M
Managementcol C$147K
Owns and owesPt X
$737K
net assets · Ln 32
Cash and savingsLn 1–2$642K
Total assetsLn 16$1.1M
LiabilitiesLn 26$319K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Fees for servicesLn 2g$4.8M
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$642K
Cash and savings togetherLn 1–2$642K
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$1.1M
LiabilitiesLn 26$319K
Net assetsLn 32$737K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$522K$642K
Land, buildings, equipmentLn 10c$31K$25K
Total assetsLn 16$933K$1.1M
LiabilitiesLn 26$418K$319K
Net assetsLn 32$515K$737K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$141K$141K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$248$248
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$9K$9K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$43K$39K$4K
All other expensesLn 24e$4.5M$4.5M$2K
Total functional expensesLn 25$4.7M$4.5M$147K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.2M$6.1M$48K$909K 990 PDF
FY2023 $5.8M$5.4M$316K$861K 990 PDF
FY2022 $4.7M$6.2M−$1.5M$545K 990 PDF
FY2021 $7.0M$6.3M$783K$1.5M 990 PDF
FY2020 Viewing $4.9M$4.7M$222K$737K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,888,470 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,937$45,400
I-9 Program service revenuePrior year $191,623$4,843,070
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $264,560$4,888,470
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $15,750$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $86,932$4,666,251
I-18 Total expensesPrior year $102,682$4,666,251
I-19 Revenue less expensesPrior year $161,878$222,219
Part VI · Governance 3 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,888,470 across 4 lines filed
VIII-1f All other contributions, gifts and grants$45,400
VIII-1h Total contributions, gifts and grants$45,400
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,843,070$4,843,070
VIII-12 Total revenueRelated to mission $4,843,070 · Excluded from tax $4,000$4,888,470
Part IX · Statement of functional expenses $4,666,251 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $140,857$140,857
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $248$248
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $9,235$9,235
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,086$6,086
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $39,158 · Management $4,035$43,193
IX-24e All other expensesPrograms $4,464,866 · Management $1,766$4,466,632
IX-25 Total functional expensesPrograms $4,519,593 · Management $146,658 · Fundraising $0$4,666,251
Part X · Balance sheet $1,055,775 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $521,703$642,020
X-4 Accounts receivableStart of year $379,678$388,523
X-10c Land, buildings and equipment, netStart of year $31,318$25,232
X-16 Total assetsStart of year $932,699$1,055,775
X-17 Accounts payable and accrued expensesStart of year $136,991$106,848
X-24 Unsecured notes and loans payableStart of year $281,000$212,000
X-26 Total liabilitiesStart of year $417,991$318,848
X-32 Total net assets or fund balancesStart of year $514,708$736,927
X-33 Total liabilities and net assetsStart of year $932,699$1,055,775
Part XI · Reconciliation of net assets $736,927 net assets at year end
XI-1 Total revenue$4,888,470
XI-2 Total expenses$4,666,251
XI-3 Revenue less expenses$222,219
XI-4 Net assets at start of year$514,708
XI-10 Net assets at end of year$736,927

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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