Helping Others Soar Foundation
- Assets
- $54.4m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chico, CA
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-1394686
Organization Overview
Helping Others Soar Foundation is located in Chico, CA. The organization was established in 2019. According to its NTEE Classification (F11) the organization is classified as: Single Organization Support, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helping Others Soar Foundation 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 06/2022, Helping Others Soar Foundation generated $13.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION FORMED TO OPERATE AS A SUPPORTING ORGANIZATION TO VICTOR TREATMENT CENTERS, INC. ("VTC") AND VICTOR COMMUNITY SUPPORT SERVICES ("VCSS"). ITS PURPOSE IS TO PROVIDE FINANCIAL SUPPORT TO VTC AND VCSS IN THE ADVANCEMENT OF THEIR CHARITABLE MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR THE REPORTING PERIOD INCLUDED $500,000 TO FUND INVESTMENT IN FACILITIES INFRASTRUCTURE FOR CHILD HAVEN, AND AFFILIATE OF VICTOR COMMUNITY SUPPORT SERVICES (VCSS) LOCATED IN FAIRFIELD, CA; $300,000 TO VCSS SUPPORT THE COST OF IMPLEMENTING A NEW HUMAN CAPITAL MANAGEMENT SYSTEM; $100,000 TO VCSS TO ASSIST IN THE REDESIGN OF HUMAN RESOURCES OPERATIONS AND INVEST IN CULTURE DEVELOPMENT ACTIVITIES; AND, $50,000 TO VCSS FOR LEADERSHIP DEVELOPMENT ACTIVITIES.EDUCATIONAL GRANTS WERE PROVIDED TO FORMER CLIENTS OF VTC AND VCSS TO SUPPORT THEIR ENROLLMENT IN HIGHER EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Scott Chair/ceo (see Sch J, Part Iii) | OfficerTrustee | 15 | $0 |
Mark Blofsky Secretary | OfficerTrustee | 1 | $0 |
Merle Momyer Board Member | Trustee | 1 | $0 |
Deborah Blevins Board Member | Trustee | 1 | $0 |
Clint Swift Board Member | Trustee | 1 | $0 |
Edward Hackett Treasurer/cfo (see Sch J, Part Iii) | Officer | 2 | $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 | $8,275,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,275,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,684,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,142,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,101,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $950,000 |
| Grants and other assistance to domestic individuals. | $5,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $125,154 |
| Fees for services: Legal | $1,160 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,583 |
| Advertising and promotion | $0 |
| Office expenses | $587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $399 |
| Total functional expenses | $1,103,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,394,004 |
| Savings and temporary cash investments | $3,587,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $49,430,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,411,868 |
| Accounts payable and accrued expenses | $34,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $369 |
| Total liabilities | $35,029 |
| Net assets without donor restrictions | $54,376,839 |
| 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 | $54,411,868 |
Grants Awarded
Over the last fiscal year, Helping Others Soar Foundation has awarded $950,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VICTOR COMMUNITY SUPPORT SERVICES INC PURPOSE: Implementing a new Human Capital Management system; redesign of Human resources operations & investment in culture development activities; and to support Leadership Development activities. | $450,000 |
CHILD HAVEN INC PURPOSE: Facilities infrastructure | $500,000 |