Sumo INC FY2020 filing

Jonesboro, ARUnknown exempt organizationSince 2014EIN 46-4501303Revenue $1.7M in FY2020

On file with the IRSexperiencesumo.com2801 Red Wolf Blvd · Jonesboro, AR

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Operate a social club in which alcoholic beverages are sold in a dining environment.

$161K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $123K a year · 19% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$161K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$525K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.4M
To programs
0%
Net assets
$441K
By yearFY2020–FY2025
Revenue
$1.7M
FY2020
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Revenue by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022−$50K
FY2023$563K
FY2024−$40K
FY2025$0
Expenses
$1.4M
FY2020
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Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$30
FY2023$25
FY2024$444K
FY2025$0
Net assets
$441K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$441K
FY2021$821K
FY2022$771K
FY2023$1.3M
FY2024$850K
FY2025$850K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

3 people listed on the 990; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Tr
$56,350Pt VII · Sec A
Vice Preside
$56,350Pt VII · Sec A
President
$48,427Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2021FY2020
Hau M Ho$31,200$56,350
Jian Pan$31,200$56,350
Jason Pan$30,824$48,427

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 15aNo

Programs and updates

Operates a social club selling alcoholic beverages in a dining setting.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Operate a social club in which alcoholic beverages are sold in a dining environment.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Other incomeLn 4–11$1.7M
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$441K
net assets · Ln 32
Cash and savingsLn 1–2$572K
Total assetsLn 16$965K
LiabilitiesLn 26$525K
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$1.7M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$572K
Cash and savings togetherLn 1–2$572K
Land, buildings, equipmentLn 10c$113K
Total assetsLn 16$965K
LiabilitiesLn 26$525K
Net assetsLn 32$441K
OperationsPt I, VI
EmployeesI 50
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$97K$572K
Land, buildings, equipmentLn 10c$129K$113K
Total assetsLn 16$566K$965K
LiabilitiesLn 26$443K$525K
Net assetsLn 32$123K$441K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$161K
Management feesLn 11a$147K
Accounting feesLn 11c$5K
Other fees for servicesLn 11g$10K
Advertising and promotionLn 12$37K
Office expensesLn 13$197K
Information technologyLn 14$69K
RoyaltiesLn 15$2K
OccupancyLn 16$460K
TravelLn 17$15K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$26K
Other expenses (24a–d)Ln 24$245K
Total functional expensesLn 25$1.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $0$0$0$850K 990 PDF
FY2024 −$40K$444K−$484K$850K 990 PDF
FY2023 $563K$25$563K$1.3M 990 PDF
FY2022 −$50K$30−$50K$771K 990 PDF
FY2021 $1.7M$1.3M$381K$821K 990 PDF
FY2020 Viewing $1.7M$1.4M$329K$441K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,707,608 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $17,501$0
I-11 Other revenuePrior year $1,558,853$1,707,608
I-12 Total revenuePrior year $1,576,354$1,707,608
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $191,107$161,127
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,388,175$1,217,363
I-18 Total expensesPrior year $1,579,282$1,378,490
I-19 Revenue less expensesPrior year −$2,928$329,118
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,707,608 across 1 lines filed
Lines not itemized here account for $1,707,608 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $1,707,608$1,707,608
Part IX · Statement of functional expenses $1,378,490 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$161,127
IX-11a Management fees$147,181
IX-11c Accounting fees$4,985
IX-11g Other fees for services$9,605
IX-12 Advertising and promotion$36,876
IX-13 Office expenses$197,120
IX-14 Information technology$68,891
IX-15 Royalties$1,500
IX-16 Occupancy$460,162
IX-17 Travel$15,471
IX-22 Depreciation, depletion and amortization$4,759
IX-23 Insurance$26,297
IX-24 Other expenses (24a–d)$244,516
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,378,490
Part X · Balance sheet $965,154 assets, 9 lines filed
Asset lines not itemized here account for $1,220; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $96,649$572,048
X-4 Accounts receivableStart of year $338,874$278,874
X-10c Land, buildings and equipment, netStart of year $129,031$113,012
X-16 Total assetsStart of year $565,774$965,154
X-17 Accounts payable and accrued expensesStart of year $443,101$524,623
X-26 Total liabilitiesStart of year $443,101$524,623
X-27 Net assets without donor restrictionsStart of year $122,673$440,531
X-32 Total net assets or fund balancesStart of year $122,673$440,531
X-33 Total liabilities and net assetsStart of year $565,774$965,154
Part XI · Reconciliation of net assets $440,531 net assets at year end
XI-1 Total revenue$1,707,608
XI-2 Total expenses$1,378,490
XI-3 Revenue less expenses$329,118
XI-4 Net assets at start of year$122,673
XI-9 Other changes in net assets−$11,260
XI-10 Net assets at end of year$440,531

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

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