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← HOLT INTERNATIONAL FOUNDATION OF CHINA

Form 990 for tax year 2023

Filed by HOLT INTERNATIONAL FOUNDATION OF CHINA.

Totals

Total revenue
$1,377,620
Total expenses
$1,340,976
Contributions and grants received
$1,377,394
Grants paid
$782,363
Program service revenue
$0
Investment income
$226
Other revenue
$0
Total assets, end of year
$158,570
Total liabilities, end of year
$125,498
Net assets or fund balances, end of year
$33,072
Program services expenses (Part IX)
$1,340,976
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,340,976

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

    $1,377,394

  • 3 · Investment income

    total $252 · excluded $252

  • 7b · Less cost or other basis and sales expenses

    other assets $26

  • 7c · Gain or loss

    other assets -$26

  • 7d · Net gain or loss

    total -$26 · excluded -$26

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $782,363 · program services $782,363

  • 7 · Other salaries and wages

    total $449,035 · program services $449,035

  • 8 · Pension plan contributions

    total $4,708 · program services $4,708

  • 11b · Fees: legal

    total $2,091 · program services $2,091

  • 11c · Fees: accounting

    total $3,001 · program services $3,001

  • 11g · Fees: other

    total $13,791 · program services $13,791

  • 12 · Advertising and promotion

    total $4 · program services $4

  • 13 · Office expenses

    total $9,026 · program services $9,026

  • 16 · Occupancy

    total $33,939 · program services $33,939

  • 17 · Travel

    total $28,509 · program services $28,509

  • 19 · Conferences, conventions and meetings

    total $8,181 · program services $8,181

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $6,328 · program services $6,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,790 · end of year $110,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275

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

    $7,630

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

    $7,630

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $57,564 · end of year $48,070

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,081 · end of year $84,077

  • 25 · Other liabilities

    beginning of year $51,120 · end of year $41,421

  • 27 · Net assets without donor restrictions

    beginning of year -$3,572 · end of year $33,072

Mission and programs · 2023

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 22,155 CHILDREN AND FAMILY MEMBERS WERE SERVED; 3,227 CHILDREN IN SPONSORSHIP PROGRAMS, AND 8,276 IN FAMILY STRENGTHENING PROGRAMS; 8 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 $1,340,976 · Grants $782,363

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

Listed in Part VII

  • DANIEL SMITH

    PRESIDENT AND CEO

    Total calculated
    $253,327
    From this org
    $0
    From related orgs
    $236,375
    Other
    $16,952
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,375 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,567 related
    Nontaxable benefits
    $0 + $385 related
    Filer's total
    $0 + $253,327 related

  • REBECCA OSTERMAN

    DIRECTOR OF ACCOUNTING

    Total calculated
    $134,485
    From this org
    $0
    From related orgs
    $114,297
    Other
    $20,188
    Hours/week
    1 + 40 related

  • YUE JIAN CHEN

    DIRECTOR

    Total calculated
    $124,228
    From this org
    $0
    From related orgs
    $95,031
    Other
    $29,197
    Hours/week
    1 + 40 related

  • REBECCA BRANDT

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDA VOELSCH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHERYL MEYERS

    VICE-CHAIR (THROUGH 02/2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KRISTINE ALTWIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KIM LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY SALVADORE

    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 CHILDREN SERVICES, THE RELATED ENTITY TO HOLT INTERNATIONAL FOUNDATION OF CHINA, RESEARCHES COMPENSATION LEVELS WITHIN OTHER SIMILAR ORGANIZATIONS 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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202540669349301904

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