Epoch Media Midwest FY2022 filing

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Publication of independent media in Midwest

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$125K 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

FY2022 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
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
$4.7M
-34% vs prior year
Spent
$6.2M
To programs
94%
Net assets
$545K
By yearFY2020–FY2024
Revenue
$4.7M
FY2022▼ -34%
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
$6.2M
FY2022▼ -0.9%
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
$545K
FY2022▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2020$737K
FY2021$1.5M
FY2022$545K
FY2023$861K
FY2024$909K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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

94 cents of each dollar spent went to programs.

Program services 94% · $5.9M Management & general 6% · $352K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Reporter
$44,326Pt VII · Sec A
Secretary
$33,340Pt VII · Sec A
Executive Di
$32,800Pt VII · Sec A
Program Mana
$14,100Pt 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.

See Epoch Media Midwest executive salaries →

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 15aNo

Programs and updates

Publishes independent news and stories from across the Midwest.

Questions for Epoch Media Midwest

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Your first name shows with your question. Epoch Media Midwest answers here, for everyone.

3 programs · $5.8M · in their own filed words · FY2022
01

Epoch media midwest, known as sound of hope NFP circulates an independent newspaper english edition in midwest.

$5.7Mprogram expense
02

Since 2013 sound of hope NFP (epoch media midwest) 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 and wi.

$101Kprogram expense
03

In 2022, sound of hope NFP (epoch media midwest) created video news content for television broadcast on NTD TV.

$58Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.6M
Other incomeLn 4–11$44K
Gifts and grantsLn 1h$27K
Money outPt IX
$6.2M
Ln 25
Programscol B$5.9M
Managementcol C$352K
Owns and owesPt X
$545K
net assets · Ln 32
Cash and savingsLn 1–2$554K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Fees for servicesLn 2g$4.6M
Other incomeLn 4–11$44K
Gains on assetsLn 7−$18K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$554K
Cash and savings togetherLn 1–2$554K
Land, buildings, equipmentLn 10c$419K
Other assetsLn 15$1.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.4M
Net assetsLn 32$545K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.6M$554K
Land, buildings, equipmentLn 10c$21K$419K
Total assetsLn 16$3.0M$2.0M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32$1.5M$545K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2.1M$2.1M
Office expensesLn 13$4K$4K
OccupancyLn 16$2K$2K
TravelLn 17$3K$3K
InterestLn 20$31K$31K
Depreciation, depletion and amortizationLn 22$11K$11K
Other expenses (24a–d)Ln 24$4.1M$3.8M$298K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$6.2M$5.9M$352K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Dec 22, 2025 $6.2M$6.1M$48K$909K 990 PDF
FY2023Filed with the IRS Oct 22, 2024 $5.8M$5.4M$316K$861K 990 PDF
FY2022 ViewingFiled with the IRS Nov 13, 2023 $4.7M$6.2M−$1.5M$545K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $7.0M$6.3M$783K$1.5M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $4.9M$4.7M$222K$737K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $4,668,112 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,452$26,840
I-9 Program service revenuePrior year $7,005,472$4,597,174
I-10 Investment income−$17,902
I-11 Other revenue$62,000
I-12 Total revenuePrior year $7,040,924$4,668,112
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,257,759$6,203,237
I-18 Total expensesPrior year $6,257,759$6,203,237
I-19 Revenue less expensesPrior year $783,165−$1,535,125
Part VI · Governance 3 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,668,112 across 6 lines filed
VIII-1f All other contributions, gifts and grants$26,840
VIII-1h Total contributions, gifts and grants$26,840
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,597,174$4,597,174
VIII-7 Net gain or loss on sales of assetsRelated to mission −$17,902−$17,902
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $62,000$62,000
VIII-12 Total revenueRelated to mission $4,641,272$4,668,112
Part IX · Statement of functional expenses $6,203,237 across 8 lines filed
IX-12 Advertising and promotionPrograms $2,052,115$2,052,115
IX-13 Office expensesManagement $4,482$4,482
IX-16 OccupancyPrograms $1,800$1,800
IX-17 TravelManagement $3,393$3,393
IX-20 InterestManagement $31,100$31,100
IX-22 Depreciation, depletion and amortizationManagement $11,200$11,200
IX-24 Other expenses (24a–d)Programs $3,797,370 · Management $298,030$4,095,400
IX-24e All other expensesManagement $3,747$3,747
IX-25 Total functional expensesPrograms $5,851,285 · Management $351,952 · Fundraising $0$6,203,237
Part X · Balance sheet $1,972,734 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,560,869$553,702
X-10c Land, buildings and equipment, netStart of year $20,886$419,032
X-15 Other assets$1,000,000
X-16 Total assetsStart of year $2,954,210$1,972,734
X-17 Accounts payable and accrued expensesStart of year $197,629$300,153
X-25 Other liabilitiesStart of year $1,237,244$1,127,204
X-26 Total liabilitiesStart of year $1,434,873$1,427,357
X-27 Net assets without donor restrictionsStart of year $1,519,337$545,377
X-32 Total net assets or fund balancesStart of year $1,519,337$545,377
X-33 Total liabilities and net assetsStart of year $2,954,210$1,972,734
Part XI · Reconciliation of net assets $545,377 net assets at year end
XI-1 Total revenue$4,668,112
XI-2 Total expenses$6,203,237
XI-3 Revenue less expenses−$1,535,125
XI-4 Net assets at start of year$1,519,337
XI-8 Prior period adjustments$561,165
XI-10 Net assets at end of year$545,377

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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