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Hap Plato Holding Co FY2020 filing

Tax-deductible

St Paul, MN501(c)(3)Community DevelopmentEIN 85-0829308

On file with the IRShmong.org394 University Avenue W 2nd Floor, 55103-1933 · St Paul, MNTax-exempt since Jul 2020Supporting org, Type I — 509(a)(3)

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Organized exclusively for the benefit of, to support the functions of, and to assist in carrying out the purposes of the hmong american partnership.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
0 of 4
filings with a surplus
Average deficit $98K a year · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.8M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$86K
To programs
100%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$0
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2022−$101K
FY2023−$101K
FY2024−$101K
Expenses
$86K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$86K
FY2022$0
FY2023$0
FY2024$0
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2022$804K
FY2023$702K
FY2024$601K

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 (FY2024) →

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $86K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Pheng Vang
Treasurer
$0Pt VII · Sec A
Sue Bentley
Secretary
$0Pt VII · Sec A
See Hap Plato Holding Co executive salaries →

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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

Supports and assists the Hmong American Partnership's functions and purposes.

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Provided by the organization

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1 program · $86K · in their own filed words · FY2020
01

Workforce Development

During 2020, a workforce training center was purchased to help participants navigate and adapt to the american job market. The center also serves as a bridge between procpective employers and the refugee and immigrant community.

$86Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$86K
Ln 25
Programscol B$86K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$4.8M
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.8M
Net assetsLn 32$1.0M
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
LineStart FY20End FY20
Cash and savingsLn 1–2$2K
Land, buildings, equipmentLn 10c$0$4.8M
Total assetsLn 16$0$4.8M
LiabilitiesLn 26$0$3.8M
Net assetsLn 32$0$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$59K$59K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$86K$86K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$101K$0−$101K$601K 990 PDF
FY2023 −$101K$0−$101K$702K 990 PDF
FY2022 −$101K$0−$101K$804K 990 PDF
FY2021 Not on file
FY2020 Viewing $0$86K−$86K$1.0M 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 $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
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$86,136
I-18 Total expenses$86,136
I-19 Revenue less expenses−$86,136
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
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 $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $86,136 across 4 lines filed
IX-11a Management feesPrograms $58,529$58,529
IX-20 InterestPrograms $7,799$7,799
IX-22 Depreciation, depletion and amortizationPrograms $17,844$17,844
IX-23 InsurancePrograms $1,964$1,964
IX-25 Total functional expensesPrograms $86,136 · Management $0 · Fundraising $0$86,136
Part X · Balance sheet $4,777,514 assets, 7 lines filed
X-1 Cash, non-interest-bearing$2,500
X-10c Land, buildings and equipment, netStart of year $0$4,775,014
X-16 Total assetsStart of year $0$4,777,514
X-26 Total liabilitiesStart of year $0$3,775,612
X-27 Net assets without donor restrictions$1,001,902
X-32 Total net assets or fund balancesStart of year $0$1,001,902
X-33 Total liabilities and net assetsStart of year $0$4,777,514
Part XI · Reconciliation of net assets $1,001,902 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$86,136
XI-3 Revenue less expenses−$86,136
XI-9 Other changes in net assets$1,088,038
XI-10 Net assets at end of year$1,001,902

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

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