Sumo INC FY2022 filing

Jonesboro, ARUnknown exempt organizationSince 2014EIN 46-4501303Revenue −$50K in FY2022

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.

Mission: Form 990 Part I, line 1

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FY2022 · 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
Cash reserves
336207 mo
of spending, in cash
Looks good: 336207.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$908K
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
−$50K
-103% vs prior year
Spent
$30
To programs
0%
Net assets
$771K
By yearFY2020–FY2025
Revenue
−$50K
FY2022▼ -103%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022−$50K
FY2023$563K
FY2024−$40K
FY2025$0
Expenses
$30
FY2022▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$30
FY2023$25
FY2024$444K
FY2025$0
Net assets
$771K
FY2022▼ -6%
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 FY2022 Form 990 · see the original

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You’re viewing the FY2022 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.

Part VII, Section A · reportable compensation
Secretary/Tr
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt 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 · FY2022
01

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

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$50K
Ln 12
Money outPt IX
$30
Ln 25
Owns and owesPt X
$771K
net assets · Ln 32
Cash and savingsLn 1–2$841K
Total assetsLn 16$1.7M
LiabilitiesLn 26$908K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Total revenueLn 12−$50K
Assets in detailPt X, end of year
CashLn 1$841K
Cash and savings togetherLn 1–2$841K
Total assetsLn 16$1.7M
LiabilitiesLn 26$908K
Net assetsLn 32$771K
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 FY22End FY22
Cash and savingsLn 1–2$994K$841K
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$962K$908K
Net assetsLn 32$821K$771K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$30
Total functional expensesLn 25$30$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 Viewing −$50K$30−$50K$771K 990 PDF
FY2021 $1.7M$1.3M$381K$821K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary −$50,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $380,681$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $1,273,271−$50,000
I-12 Total revenuePrior year $1,653,952−$50,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $93,224$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,180,140$30
I-18 Total expensesPrior year $1,273,364$30
I-19 Revenue less expensesPrior year $380,588−$50,030
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 −$50,000 across 1 lines filed
Lines not itemized here account for −$50,000 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission −$50,000−$50,000
Part IX · Statement of functional expenses $30 across 1 line filed
IX-13 Office expenses$30
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$30
Part X · Balance sheet $1,678,782 assets, 8 lines filed
Asset lines not itemized here account for $1,220; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $994,454$840,518
X-4 Accounts receivableStart of year $787,044$837,044
X-16 Total assetsStart of year $1,782,718$1,678,782
X-17 Accounts payable and accrued expensesStart of year $961,599$907,693
X-26 Total liabilitiesStart of year $961,599$907,693
X-27 Net assets without donor restrictionsStart of year $821,119$771,089
X-32 Total net assets or fund balancesStart of year $821,119$771,089
X-33 Total liabilities and net assetsStart of year $1,782,718$1,678,782
Part XI · Reconciliation of net assets $771,089 net assets at year end
XI-1 Total revenue−$50,000
XI-2 Total expenses$30
XI-3 Revenue less expenses−$50,030
XI-4 Net assets at start of year$821,119
XI-10 Net assets at end of year$771,089

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

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