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Sola Network INC FY2022 filing

Tax-deductible

Brea, CA501(c)(3)ReligionEIN 82-4661276Revenue $105K in FY2022

On file with the IRS1215 W Lambert Rd, 92821-2819 · Brea, CATax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To influence emerging generations with the Gospel of Jesus Christ through conferences that teach and train the younger generation

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 3
filings with a surplus
Average deficit $2K a year · 2% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
Spent
$117K
To programs
82%
Net assets
$16K
By yearFY2022–FY2024
Revenue
$105K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$105K
FY2023$68K
FY2024$126K
Expenses
$117K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$117K
FY2023$48K
FY2024$141K
Net assets
$16K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$16K
FY2023$32K
FY2024$16K

From the FY2022 Form 990 · 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 Feb 2020.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $96K Management & general 18% · $20K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Steve Chang
Ceodirector
$0Pt VII · Sec A
Michael Lee
Secretarydirector
$0Pt VII · Sec A
$0Pt VII · Sec A
Harold Kim
Director
$0Pt VII · Sec A
Justin Kim
Director
$0Pt VII · Sec A
Hanley Liu
Director
$0Pt VII · Sec A
Kim Kira
Director
$0Pt VII · Sec A
Owen Lee
Director
$0Pt VII · Sec A

Michael Baik’s $2K as CFO is at the 2nd percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Influences youth with the Gospel through teaching and training conferences.

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Provided by the organization

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1 program · $96K · in their own filed words · FY2022
01

Annual conference that teach the younger generation about the gospel of Jesus Christ. There were about 214 attendees in 2022.

$96Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$105K
Ln 12
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$23K
Money outPt IX
$117K
Ln 25
Programscol B$96K
Managementcol C$20K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$23K
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$10
Cash and savings togetherLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$27K$16K
Total assetsLn 16$27K$16K
LiabilitiesLn 26$0$0
Net assetsLn 32$27K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$273$273
Other fees for servicesLn 11g$107K$91K$15K
Advertising and promotionLn 12$912$912
Office expensesLn 13$755$755
Information technologyLn 14$2K$849$748
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$645$645
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$117K$96K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $126K$141K−$15K$16K 990 PDF
FY2023 $68K$48K$19K$32K 990 PDF
FY2022 Viewing $105K$117K−$12K$16K 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 $105,196 revenue, 12 lines filed
I-8 Contributions and grants$82,126
I-9 Program service revenue$23,070
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$105,196
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 expenses$116,816
I-18 Total expenses$116,816
I-19 Revenue less expenses−$11,620
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $105,196 across 5 lines filed
VIII-1f All other contributions, gifts and grants$82,126
VIII-1h Total contributions, gifts and grants$82,126
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,070$23,070
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $23,070$105,196
Part IX · Statement of functional expenses $116,816 across 9 lines filed
IX-11c Accounting feesManagement $273$273
IX-11g Other fees for servicesPrograms $91,145 · Management $15,359$106,504
IX-12 Advertising and promotionManagement $912$912
IX-13 Office expensesManagement $755$755
IX-14 Information technologyPrograms $849 · Management $748$1,597
IX-17 TravelPrograms $1,890$1,890
IX-19 Conferences, conventions and meetingsPrograms $645$645
IX-24 Other expenses (24a–d)Programs $1,807$1,807
IX-24e All other expensesManagement $2,433$2,433
IX-25 Total functional expensesPrograms $96,336 · Management $20,480 · Fundraising $0$116,816
Part X · Balance sheet $15,652 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $27,273$15,642
X-2 Savings and temporary cash investments$10
X-16 Total assetsStart of year $27,273$15,652
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $27,273$15,652
X-32 Total net assets or fund balancesStart of year $27,273$15,652
X-33 Total liabilities and net assetsStart of year $27,273$15,652
Part XI · Reconciliation of net assets $15,652 net assets at year end
XI-1 Total revenue$105,196
XI-2 Total expenses$116,816
XI-3 Revenue less expenses−$11,620
XI-4 Net assets at start of year$27,273
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$15,652

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

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