Soaring Hope Inc

Nonprofit profile at a glance

EIN
460489495
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Fort Collins, CO, USA
Phone
9703103636
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Development
Affiliation
Christianity

Reported finances

Revenue
$13,630
Expenses
$94,411
Assets
$294,124
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Ada Chen (President)

People named in this filing

  • Ada Chen (President)
  • Victoria Chen (Secr/treasurer)
  • Sam Dai (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To express Christ's love to the people of China and Chinese residents in the US through:1. Good news sharing.2. Coordinating medical, educational and scholarship service efforts.3. Implementing discipleship training programs, premarital counseling, family relationship workshops, and other types of training.4. English and Chinese tutoring.5. Organizing cultural exchange opportunites and fostering mutual understanding and friendship between Chinese and Americans.6. Supporting other charitable activities.

What it reported doing in 2018

1. June 2018 - Soaring Hope team of 10 members served about 150 orphans and staff at the Shenyang Orphanage. Activities included sharing American cultural slide show presentations, celebrating birthdays, leading games and songs, providing conversation and care, etc.2. October 2018 - Soaring Hope team of 11 members presented 50 Soaring Hope scholarships to students at Dalian Polytech Vocational School and HighSchool in China. Also visited various classes and spent time interacting with over 1,000 students and teachers.3. Soaring Hope continued to support numerous non-profits and ministries in 2018, including the Fort Collins Rotary Club, Colorado Women of Influence, CordMinistries International, Fingerprints Across Africa, CRU, Face the Challenge, Navigators, pastors, missionaries, students and more.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 55
  • Accountability: 47
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: $1.47 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 24th percentile among comparable filings
  • Governance controls: 0 of 7 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -592.7%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 3.12; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 17.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -20.4% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -2.3% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80% of spending went to programs
  • Governance: 4 of 5 board members independent · 0 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Filing history: 8 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 6 of 6 not reported.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.