Sound Of Hope Radio Network Inc
- Assets
- $30.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 34
- Location
- San Francisco, CA
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 72-1562499
Organization Overview
Sound Of Hope Radio Network Inc is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Sound Of Hope Radio Network Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sound Of Hope Radio Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Sound Of Hope Radio Network Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Yong Zeng Board Chair | OfficerTrustee | 40 | $37,449 |
Fan Wen Financial Of | OfficerTrustee | 20 | $31,848 |
Dongwei Bu Vice Preside | OfficerTrustee | 40 | $31,036 |
Susanna Su Huan Lu Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,152,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,152,198 |
| Total Program Service Revenue | $3,138,347 |
| Investment income | $188,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500,024 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,089,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $665,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $52,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,886 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,668 |
| Fees for services: Other | $1,786,528 |
| Advertising and promotion | $156,533 |
| Office expenses | $217,797 |
| Information technology | $300,343 |
| Royalties | $0 |
| Occupancy | $142,728 |
| Travel | $83,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $168,271 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,637 |
| Insurance | $42,994 |
| All other expenses | $389,910 |
| Total functional expenses | $6,428,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,191 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $185,096 |
| Net Land, buildings, and equipment | $8,874,455 |
| Investments—publicly traded securities | $15,022,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,263,836 |
| Total assets | $30,725,500 |
| Accounts payable and accrued expenses | $842,254 |
| Grants payable | $0 |
| Deferred revenue | $415,230 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $768,902 |
| Other liabilities | $5,667,079 |
| Total liabilities | $7,693,465 |
| Net assets without donor restrictions | $23,032,035 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,725,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sound Of Hope Radio Network Inc has recieved totaling $127,607.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $94,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Public Radio Inc Sacramento, CA | $20,160,077 | $17,628,890 |
Pacifica Foundation Inc Los Angeles, CA | $3,771,697 | $11,332,839 |
Sound Of Hope Radio Network Inc San Francisco, CA | $30,725,500 | $6,089,143 |
Hawaii Public Radio Honolulu, HI | $17,228,057 | $7,886,101 |
Nevada Public Radio Las Vegas, NV | $9,497,221 | $6,165,032 |
Hombre Nuevo El Monte, CA | $9,117,667 | $6,049,518 |
From The Heart Productions Inc Oxnard, CA | $1,796,568 | $3,988,646 |
American Radio Association Vacation Plan 1000 Alameda, CA | $1,147,322 | $2,928,620 |
Radio Bilingue Inc Fresno, CA | $4,987,602 | $4,162,015 |
Kalw Public Media Inc San Francisco, CA | $1,198,450 | $2,919,239 |
White Ash Broadcasting Inc Clovis, CA | $6,162,594 | $2,064,081 |
Association For Community Education Inc Camarillo, CA | $1,939,317 | $2,643,148 |