2024-11-11T14:14:09-08:00 2023-12-31 770559827 Wang Accountancy Corp 2050 Concourse Dr Ste 34 San Jose CA 95131 990 2023-01-01 943255490 THE SOAR FOUNDATION SOAR 5106750680 39812 MISSION BLVD SUITE 203 FREMONT CA 94539 ANNIE CHEN CFO 2024-11-11 true true Jung-Mei Rosemary Wang P00371187 4089981688 2023 2024-10-15 13:58:12Z LI LI 39812 MISSION BLVD SUITE 203 FREMONT CA 94539 1661698 false X WWW.SOARONLINE.ORG X 1995 CA TO GRANT SENIOR HIGH SCHOOL SCHOLARSHIPS AND COLLEGE SCHOLARSHIPS TO CHINA RURAL AREA IN POVERTY. ALSO EXTENDED MISSION TO HELP PRESCHOOLERS. 16 0 0 0 796099 824467 0 234117 104752 732479 1030216 1661698 632460 598433 0 12641 14869 20938 20938 61394 45784 706495 680024 323721 981674 4597945 6016345 436726 4597945 5579619 TO GRANT SENIOR HIGH SCHOOL SCHOLARSHIPS AND COLLEGE SCHOLARSHIPS TO CHINA RURAL AREA IN POVERTY. ALSO EXTENDED MISSION TO HELP PRESCHOOLERS. false false 598433 598433 THE FOUNDATION AWARDED SCHOLARSHIPS TO HIGH SCHOOL STUDENT AND SCHOLARSHIPS TO COLLEGE STUDENTS IN CHINA. THE SCHOLARSHIP COVERS THE LIVING COSTS, TUITION, AND SUPPLIES FOR ONE YEAR OF SCHOOLING. THE FOUNDATION HELPS SUPPORT PRESCHOOLS AND PRESCHOOL STUDENTS IN CHINA BY PROVIDING FUNDING FOR BUILDING ACTIVITY ROOMS, PLAYGROUNDS, HELPING SUBSIDIZE TEACHER LIVING COSTS, TUITION AND NUTRITION PROGRAMS, LEARNING EQUIPMENT, CLASSROOM DESK AND CHAIR UNITS, DORM BEDDING/MATTRESS, AND RELATED COSTS. THE FOUNDATION'S MISSION IN THIS PROGRAM IS MAINLY TO HELP PRESCHOOL STUDENTS IN POOR AND RURAL AREAS TO GET A BETTER EDUCATIONAL ENVIRONMENT. 598433 true true false false false false false false false false true false false false true false false false false true true false false true true false false false true false false false false false false false false false false false false false false false false false false true 0 0 false 0 false true OC false false false false false 0 false false false false false false false X 16 0 false false false false false false false true true false false false false false false false false false X ANNIE CHEN 5106750680 39812 MISSION BLVD SUITE 203 FREMONT CA 94539 X SIU-FONG HUANG BOARD MEMBER 1.00 0.00 X 0 0 0 DAVY KAO Chairman 1.00 0.00 X 0 0 0 LISA GUO President 1.00 0.00 X X 0 0 0 LILY ZHANG BOARD MEMBER 0.00 0.00 X 0 0 0 GEORGE XIA Secretary 0.00 0.00 X X 0 0 0 TZUO CHANG LEE BOARD MEMBER 1.00 0.00 X 0 0 0 KATHY ZHU BOARD MEMBER 1.00 0.00 X 0 0 0 IRIS LEE BOARD MEMBER 1.00 0.00 X 0 0 0 EVA XU BOARD MEMBER 1.00 0.00 X 0 0 0 CHIN CHEN BOARD MEMBER 1.00 0.00 X X 0 0 0 MOON-PIN TZE BOARD MEMBER 1.00 0.00 X 0 0 0 ALEC WANG BOARD MEMBER 0.00 0.00 X 0 0 0 REBECCA CHANG BOARD MEMBER 2.00 0.00 X 0 0 0 LI LI BOARD MEMBER 2.00 0.00 X X 0 0 0 WEIHAN WANG BOARD MEMBER 0.00 0.00 X 0 0 0 ANNIE CHEN CFO 2.00 0.00 X X 0 0 0 0 false false false 0 700 70917 752850 824467 0 135509 135509 0 0 0 -30757 -30757 -30757 -30757 0 0 0 UNREALIZED GAIN 734678 734678 US/RMB EXCHANGE LOSS -2199 -2199 732479 1661698 837231 0 598433 598433 0 0 0 0 8785 8785 0 6084 6084 0 0 0 1457 1457 0 20938 20938 0 735 735 0 77 77 0 0 0 276 276 0 0 0 0 1253 1253 1417 1417 RENT 25782 25782 NOMINATORS EXPENSE 5126 5126 BANK CHARGES & FEES 2683 2683 TELEPHONE 2327 2327 4651 4651 680024 598433 60653 20938 1629315 859353 0 0 75 0 0 0 0 0 4559 2039 32843 30234 2760 2609 2958329 5149715 0 0 315 537 2592 2092 4597945 6016345 436725 1 0 436726 X 2036618 3018292 2561327 2561327 4597945 5579619 4597945 6016345 981674 X false false false X 842946 1267412 1108492 796099 824467 4839416 0 0 842946 1267412 1108492 796099 824467 4839416 315532 4523884 66961 63805 55380 65828 104752 356726 0 0 5196142 0.87060 0.87790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31449 28840 2609 1394 1394 2609 Rounding 1 1 true CHINA 0 1 OPERATION & ADMINISTRATION NOT APPLY 0 1 1 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US FOR 2023, ONE EMPLOYEE EMPLOYED IN CHINA WORKED FOR AND COOPERATED WITH THE SOAR FOUNDATION IN US FOR ADMINISTRATION AND OPERATION NEEDED INCLUDING USED OF FUNDS IN CHINA. THIS EMPLOYEE WAS INSTRUCTED BY AND REPORTED DIRECTLY TO THE SOAR FOUNDATION FOR ALL THEIR WORKS IN CHINA. X false false 0 0 Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Statement Note 1 STATEMENT FOR PART XII - FINANICAL STATEMENTS AND REPORTING LINE 1:THE TAXPAYER PREPARES THE FORM 990 USING ACCRUAL BASIS FOR MORE THAN TWO MOST RECENT FILED TAX YEARS. THE PREVIOUS RETURNS INDICATED "CASH" METHOD, BUT WAS INCORRECT. THE TAXPAYERS IS CHANGING THE BOX TO "ACCRUAL" TO CORRECT. THE TAXPAYER IS FORGOING FILING A FORM 3115 - APPLICATION FOR CHANGE IN ACCRUAL METHOD BECAUSE THE UNDERLYING METHOD USED TO PREPARE THE FORM 990 DID NOT CHANGE, BUT RATHER IT WAS INCORRECTLY INDICATED ON FORM 990.