Hap Sycamore Holding Co: Nonprofit Profile, Financials & Form 990 (EIN 85-0826065)

Revenue by fiscal year
FY2020	$0
FY2022	−$306K
FY2023	−$296K
FY2024	−$314K

Expenses by fiscal year
FY2020	$228K
FY2022	$0
FY2023	$0
FY2024	$0

Net assets by fiscal year
FY2020	$35K
FY2022	−$560K
FY2023	−$856K
FY2024	−$1.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2020.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Reona Vang

CFO/President

$0Pt VII · Sec A

Pai Her

Director

$0Pt VII · Sec A

Pheng Vang

Director

$0Pt VII · Sec A

May Yer Thao

CEO

$0Pt VII · Sec A

See Hap Sycamore Holding Co 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 15aYes

Programs and updates

Supports the functions and purposes of the Hmong American Partnership.

Questions for Hap Sycamore Holding Co

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1 program · in their own filed words · FY2024

01

Workforce Development

A workforce training center that helps participants navigate and adapt to the american job market. The center also serves as a bridge between prospective employers and the refugee and immigrant community.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-0826065) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$314K

Ln 12

Money outPt IX

$0

Ln 25

Owns and owesPt X

−$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$322K

Total assetsLn 16$7.9M

LiabilitiesLn 26$9.1M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Total revenueLn 12−$314K

Assets in detailPt X, end of year

CashLn 1$322K

Cash and savings togetherLn 1–2$322K

Land, buildings, equipmentLn 10c$7.6M

Total assetsLn 16$7.9M

LiabilitiesLn 26$9.1M

Net assetsLn 32−$1.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$373K	$322K
Land, buildings, equipmentLn 10c	$7.8M	$7.6M
Total assetsLn 16	$8.2M	$7.9M
LiabilitiesLn 26	$9.1M	$9.1M
Net assetsLn 32	−$856K	−$1.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025	−$314K	$0	−$314K	−$1.2M	990 PDF
FY2023Filed with the IRS Nov 15, 2024	−$296K	$0	−$296K	−$856K	990 PDF
FY2022Filed with the IRS Nov 15, 2023	−$306K	$0	−$306K	−$560K	990 PDF
FY2021	Not on file
FY2020Filed with the IRS Aug 5, 2021	$0	$228K	−$228K	$35K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary −$314,464 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year −$296,218−$314,464

I-12 Total revenuePrior year −$296,218−$314,464

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$0

I-18 Total expensesPrior year $0$0

I-19 Revenue less expensesPrior year −$296,218−$314,464

Part VI · Governance 2 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members2

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-13 Written whistleblower policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue −$314,464 across 2 lines filed

VIII-6 Net rental income or lossRelated to mission −$314,464−$314,464

VIII-12 Total revenueRelated to mission −$314,464 · Unrelated business $0 · Excluded from tax $0−$314,464

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $7,909,559 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $372,589$322,469

X-10c Land, buildings and equipment, netStart of year $7,821,432$7,587,090

X-16 Total assetsStart of year $8,194,021$7,909,559

X-17 Accounts payable and accrued expensesStart of year $0$12,125

X-23 Secured mortgages and notes payableStart of year $9,050,271$9,068,148

X-26 Total liabilitiesStart of year $9,050,271$9,080,273

X-27 Net assets without donor restrictionsStart of year −$856,250−$1,170,714

X-32 Total net assets or fund balancesStart of year −$856,250−$1,170,714

X-33 Total liabilities and net assetsStart of year $8,194,021$7,909,559

Part XI · Reconciliation of net assets −$1,170,714 net assets at year end

XI-1 Total revenue−$314,464

XI-2 Total expenses$0

XI-3 Revenue less expenses−$314,464

XI-4 Net assets at start of year−$856,250

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$1,170,714

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Hap Sycamore Holding Co

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Hap Sycamore Holding Co

Workforce Development

By the numbers

Filing history

Schedules filed Part IV

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