Skip to content
Nonprofiteer
← SOUND OF HOPE RADIO NETWORK INC

Form 990 for tax year 2023

Filed by SOUND OF HOPE RADIO NETWORK INC.

Totals

Total revenue
$6,384,358
Total expenses
$6,834,783
Contributions and grants received
$1,249,316
Grants paid
$0
Program service revenue
$4,431,800
Investment income
$29,832
Other revenue
$673,410
Total assets, end of year
$22,548,447
Total liabilities, end of year
$3,889,047
Net assets or fund balances, end of year
$18,659,400
Program services expenses (Part IX)
$5,101,340
Management and general expenses
$1,733,443
Fundraising expenses
$0
Program service expenses (Part III)
$5,101,340

Program services were 74.6% 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.

  • 1f · All other contributions, gifts and grants

    $1,249,316

  • 1g · Noncash contributions included above

    $879,424

  • 2a · Program service revenue: DIGITAL PROGRAM SPONSORSHIP

    total $2,440,572 · related or exempt $2,440,572

  • 2b · Program service revenue: BUSINESS UNDERWRITING

    total $1,356,448 · related or exempt $1,356,448

  • 2c · Program service revenue: PROGRAM/PLATFORM SPONSORSHIP

    total $634,780 · related or exempt $634,780

  • 3 · Investment income

    total $29,832 · related or exempt $29,832

  • 11a · Other revenue: EVENTS, TOUR AND TRAVEL ETC

    total $344,441 · related or exempt $344,441

  • 11b · Other revenue: RENTS COLLECTED

    total $316,633 · related or exempt $316,633

  • 11c · Other revenue: REIMBURSEMENTS & REWARDS

    total $12,336 · related or exempt $12,336

  • 11e · Other revenue, total

    $673,410

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,266,529 · program services $1,013,223 · management and general $253,306

  • 10 · Payroll taxes

    total $41,245 · management and general $41,245

  • 11b · Fees: legal

    total $29,984 · management and general $29,984

  • 11c · Fees: accounting

    total $84,008 · management and general $84,008

  • 11g · Fees: other

    total $1,267,315 · program services $1,021,089 · management and general $246,226

  • 12 · Advertising and promotion

    total $66,623 · program services $66,623

  • 13 · Office expenses

    total $213,494 · management and general $213,494

  • 14 · Information technology

    total $115,060 · program services $115,060

  • 16 · Occupancy

    total $32,089 · management and general $32,089

  • 17 · Travel

    total $73,524 · management and general $73,524

  • 20 · Interest

    total $61,493 · management and general $61,493

  • 22 · Depreciation, depletion and amortization

    total $289,517 · program services $289,517

  • 23 · Insurance

    total $65,174 · management and general $65,174

  • 24a · Other expenses: PROGRAM PRODUCTION

    total $1,943,881 · program services $1,943,881

  • 24b · Other expenses: AIR TIME COST

    total $497,935 · program services $497,935

  • 24c · Other expenses: MISC EXPENSES

    total $351,455 · management and general $351,455

  • 24d · Other expenses: MISC. TAXES

    total $181,996 · management and general $181,996

  • 24e · All other expenses

    total $253,461 · program services $154,012 · management and general $99,449

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $913,950 · end of year $512,404

  • 4 · Accounts receivable

    beginning of year $147,738 · end of year $295,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,376 · end of year $91,376

  • 10a · Land, buildings and equipment: cost or other basis

    $12,136,316

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,031,038

  • 10c · Land, buildings and equipment, net

    beginning of year $8,834,394 · end of year $11,105,278

  • 11 · Investments: publicly traded securities

    beginning of year $5,339,039

  • 15 · Other assets

    beginning of year $7,079,739 · end of year $10,543,992

  • 17 · Accounts payable and accrued expenses

    beginning of year $592,402 · end of year $35,433

  • 19 · Deferred revenue

    beginning of year $193,650 · end of year $75,697

  • 24 · Unsecured notes and loans payable

    beginning of year $549,900 · end of year $1,093,092

  • 25 · Other liabilities

    beginning of year $2,806,724 · end of year $2,684,825

  • 27 · Net assets without donor restrictions

    beginning of year $18,263,560 · end of year $18,659,400

Mission and programs · 2023

Mission

PROVIDE INDEPENDENT AND OJECTIVE NEWS REPORTING, CULTURE PROGRAMS THAT PRESERVE AND PROMOTE TRADITIONAL CHINESE CULTURE, PROGRAMS THAT INTRODUCE TO CHINESE PEOPLE TO THE BEST VALUE OF THE WEST, CURRENT ISSUE OF CHINA.

Activities or mission (Part I)

PROVIDE INDEPENDENT AND OBJECTIVE NEWS REPORTING, CULTURE PROGRAMS THAT PRESERVE AND PROMOTE TRADITIONAL CHINESE CULTURE, PROGRAMS THAT INTRODUCE TO CHINESE PEOPLE TO THE BEST VALUE OF THE WEST, CURRENT ISSUE OF CHINA.

  • BUILT 24 HOUR RADIO STREAMS FOR FM RADIOS AND FOR INTERNET WITH A FOCUSE ON NEWS REPORTING AND CURRENT EVENTS IN CHINA; PROVIDE INDEPENDENT NEWS, CULTURE PROGRAM AND CORRENT EVENT TALK SHOW TO CHINA THROW SHORTWAVE RADIO; AND THROUGH DIGITAL PLATFORM TO INERNATIONAL AUDIENCE; AND THROUGH LOCAL FM STATIONS IN U.S.

    Expenses $5,101,340

  • BUILT 24 HOUR RADIO STREAMS FOR FM RADIOS AND FOR INTERNET WITH A FOCUSE ON NEWS REPORTING AND CURRENT EVENTS IN CHINA; PROVIDE INDEPENDENT NEWS, CULTURE PROGRAM AND CORRENT EVENT TALK SHOW TO CHINA THROW SHORTWAVE RADIO; AND THROUGH DIGITAL PLATFORM TO INERNATIONAL AUDIENCE; AND THROUGH LOCAL FM STATIONS IN U.S.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allen Yong Zeng

    BOARD CHAIR

    Total calculated
    $46,936
    From this org
    $46,936
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ichun Ko

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Frank Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • Michael Hwang

    SECRETARY/TR

    Total calculated
    $32,000
    From this org
    $32,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403219349300430

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.