Form 990 for tax year 2022
Filed by HOLT INTERNATIONAL FOUNDATION OF CHINA.
Totals
- Total revenue
- $1,588,675
- Total expenses
- $1,670,277
- Contributions and grants received
- $1,592,726
- Grants paid
- $986,790
- Program service revenue
- $0
- Investment income
- -$4,051
- Other revenue
- $0
- Total assets, end of year
- $132,629
- Total liabilities, end of year
- $136,201
- Net assets or fund balances, end of year
- -$3,572
- Program services expenses (Part IX)
- $1,670,277
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,670,277
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$1,592,726
-
3 · Investment income
total $180 · excluded $180
-
7b · Less cost or other basis and sales expenses
other assets $4,231
-
7c · Gain or loss
other assets -$4,231
-
7d · Net gain or loss
total -$4,231 · excluded -$4,231
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $986,790 · program services $986,790
-
7 · Other salaries and wages
total $537,409 · program services $537,409
-
8 · Pension plan contributions
total $21,194 · program services $21,194
-
11b · Fees: legal
total $2,781 · program services $2,781
-
11c · Fees: accounting
total $3,454 · program services $3,454
-
11g · Fees: other
total $6,006 · program services $6,006
-
13 · Office expenses
total $14,631 · program services $14,631
-
14 · Information technology
total $4,374 · program services $4,374
-
16 · Occupancy
total $35,642 · program services $35,642
-
17 · Travel
total $39,455 · program services $39,455
-
19 · Conferences, conventions and meetings
total $14,220 · program services $14,220
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $4,321 · program services $4,321
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $69,212 · end of year $74,790
-
9 · Prepaid expenses and deferred charges
beginning of year $10,011 · end of year $275
-
10a · Land, buildings and equipment: cost or other basis
$10,301
-
10b · Land, buildings and equipment: accumulated depreciation
$10,301
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $57,564
-
17 · Accounts payable and accrued expenses
beginning of year $1,193 · end of year $85,081
-
25 · Other liabilities
beginning of year $0 · end of year $51,120
-
27 · Net assets without donor restrictions
beginning of year $78,030 · end of year -$3,572
Mission and programs · 2022
Mission
SEE SCHEDULE O. HOLT INTERNATIONAL IS A CHRISTIAN ORGANIZATION COMMITTED TO EXPRESSING GOD'S COMPASSION FOR CHILDREN WHILE ALWAYS UPHOLDING THE HIGHEST ETHICAL STANDARDS WE - FIND AND SUPPORT PERMANENT, LOVING FAMILIES FOR CHILDREN WHO ARE ORPHANED, ABANDONED OR AT SERIOUS RISK OF SEPARATION FROM THEIR FAMILY - PROVIDE SERVICES TO ENSURE THAT CHILDREN WILL GROW AND DEVELOP TO THEIR FULLEST POTENTIAL- LEAD THE GLOBAL COMMUNITY IN ADVOCATING ON BEHALF OF THE WORLD'S MOST VULNERABLE CHILDREN.
Activities or mission (Part I)
FIND AND SUPPORT PERMANENT, LOVING FAMILIES FOR CHILDREN.
-
INTERNATIONAL PROGRAM SERVICES: CONSISTS OF DIRECT EXPENSES INCURRED BY HOLT IN CHINA FOR PERMANCY PLANNING SERVICES FOR CHILDREN, SOCIAL WORK TRAINING FOR INDIGENOUS STAFF, COUNSELING AND ASSISTANCE FOR DISPLACED FAMILIES AND INDIVIDUALS, AND MANAGEMENT ASSISTANCE AND PROGRAM DEVELOPMENT FOR INTERNATIONAL PROGRAMS. OVERALL 31,371 CHILDREN AND FAMILY MEMBERS WERE SERVED; 2,856 CHILDREN IN SPONSORSHIP PROGRAMS, AND 5,959 IN FAMILY STRENGTHENING PROGRAMS; 39 DOMESTIC ADOPTIONS; AND 6 INTERNATIONAL ADOPTIONS. PROGRAM SUPPORT CONSISTS OF SUPPORT TO VARIOUS CHINESE GOVERNMENT-RUN ORPHANAGES AND OTHER PROGRAMS. THIS SUPPORT IS NEGOTIATED AND BASED ON FISCAL POLICIES AND AGREEMENTS FOR SUPPORT OF THE RESPECTIVE PROGRAMS.
Expenses $1,670,277 · Grants $986,790
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel SmithDANIEL SMITH
PRESIDENT AND CEO
- Total calculated
- $178,964
- From this org
- $0
- From related orgs
- $166,877
- Other
- $12,087
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $136,877 related
- Bonus
- $0 + $30,000 related
- Other
- $0
- Deferred
- $0 + $11,702 related
- Nontaxable benefits
- $0 + $385 related
- Filer's total
- $0 + $178,964 related
-
Jian ChenJIAN CHEN
BOARD MEMBER
- Total calculated
- $114,932
- From this org
- $0
- From related orgs
- $97,047
- Other
- $17,885
- Hours/week
- 1 + 40 related
-
Rebecca OstermanREBECCA OSTERMAN
DIRECTOR OF ACCOUNTING
- Total calculated
- $104,772
- From this org
- $0
- From related orgs
- $84,163
- Other
- $20,609
- Hours/week
- 1 + 40 related
-
Kim LeeKIM LEE
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cheryl MeyersCHERYL MEYERS
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Becca BrandtBECCA BRANDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kristine AltwiesKRISTINE ALTWIES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR HOLT INTERNATIONAL, THE RELATED ENTITY TO HOLT INTERNATIONAL FOUNDATION OF CHINA, RESEARCHES COMPENSATIONS LEVELS WITHIN OTHER SIMILAR ORGANIZATION PRIOR TO APPROVING THE CURRENT COMPENSATION FOR THE CEO AND OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THIS WAS CONDUCTED VIA WEBSITE INFORMATION AS WELL AS DIRECT CONTACT WITH THESE OTHER ORGANIZATIONS. THE EXECUTIVE COMMITTEE ACTS ON BEHALF OF THE FULL BOARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
HOLT INTERNATIONAL CHILDREN'S SERVICES INC
501(C)(3) · GRANT-MAKING TO SUPPORT ADOPTION, FOSTER CARE AND EDUCATION · OR
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 18 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431769349300843
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.