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Nonprofiteer
← YU MING CHARTER SCHOOL

Form 990 for tax year 2022

Filed by YU MING CHARTER SCHOOL.

Totals

Total revenue
$14,303,954
Total expenses
$12,440,709
Contributions and grants received
$13,932,347
Grants paid
$0
Program service revenue
$348,155
Investment income
$0
Other revenue
$23,452
Total assets, end of year
$10,094,181
Total liabilities, end of year
$4,617,264
Net assets or fund balances, end of year
$5,476,917
Program services expenses (Part IX)
$10,362,960
Management and general expenses
$2,077,749
Fundraising expenses
$0
Program service expenses (Part III)
$10,362,960

Program services were 83.3% 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.

  • 1c · Fundraising events

    $239,987

  • 1e · Government grants (contributions)

    $10,970,913

  • 1f · All other contributions, gifts and grants

    $2,721,447

  • 2a · Program service revenue: AFTERSCHOOL CARE

    total $348,155 · related or exempt $348,155

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $239,987

  • 8b · Fundraising events: direct expenses

    $120,779

  • 8c · Net income from fundraising events

    total -$120,779 · excluded -$120,779

  • 11a · Other revenue: OTHER INCOME

    total $144,231 · related or exempt $144,231

  • 11e · Other revenue, total

    $144,231

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $208,503 · program services $208,503

  • 7 · Other salaries and wages

    total $6,539,366 · program services $5,768,671 · management and general $770,695

  • 8 · Pension plan contributions

    total $705,558 · program services $705,558

  • 9 · Other employee benefits

    total $565,302 · program services $500,737 · management and general $64,565

  • 10 · Payroll taxes

    total $271,738 · program services $213,406 · management and general $58,332

  • 11b · Fees: legal

    total $27,589 · management and general $27,589

  • 11c · Fees: accounting

    total $154,413 · management and general $154,413

  • 11g · Fees: other

    total $997,776 · program services $545,567 · management and general $452,209

  • 12 · Advertising and promotion

    total $9,768 · management and general $9,768

  • 13 · Office expenses

    total $222,860 · program services $133,537 · management and general $89,323

  • 16 · Occupancy

    total $1,244,786 · program services $987,485 · management and general $257,301

  • 17 · Travel

    total $20,604 · program services $20,604

  • 19 · Conferences, conventions and meetings

    total $171,968 · program services $171,968

  • 22 · Depreciation, depletion and amortization

    total $34,159 · program services $34,159

  • 23 · Insurance

    total $127,402 · management and general $127,402

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $892,424 · program services $826,272 · management and general $66,152

  • 24b · Other expenses: SPED CONSULTANTS/FEES

    total $175,622 · program services $175,622

  • 24c · Other expenses: CHARTER OVERSIGHT FEES

    total $70,871 · program services $70,871

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,586,789 · end of year $4,525,336

  • 4 · Accounts receivable

    beginning of year $2,405,326 · end of year $3,102,416

  • 9 · Prepaid expenses and deferred charges

    beginning of year $295,679 · end of year $344,919

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

    $357,613

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

    $313,586

  • 10c · Land, buildings and equipment, net

    beginning of year $16,738 · end of year $44,027

  • 15 · Other assets

    beginning of year $3,022,609 · end of year $2,077,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,374,708 · end of year $1,533,333

  • 19 · Deferred revenue

    beginning of year $412,417 · end of year $1,094,001

  • 25 · Other liabilities

    beginning of year $2,926,344 · end of year $1,989,930

  • 27 · Net assets without donor restrictions

    beginning of year $3,613,672 · end of year $5,476,917

Mission and programs · 2022

Mission

AS A LEADER IN MANDARIN IMMERSION EDUCATION, WE NURTURE OUR INCLUSIVE AND DIVERSE COMMUNITY TO BECOME EMPOWERED, ENGAGED, AND OUTSTANDING GLOBAL CITIZENS.

Activities or mission (Part I)

OPERATION OF A K-8 MANDARIN IMMERSION PUBLIC CHARTER SCHOOL.

  • OPERATION OF THE FIRST K-8 MANDARIN IMMERSION CHARTER SCHOOL IN CALIFORNIA. AT YU MING CHARTER SCHOOL, WE UNLOCK EACH STUDENT'S UNIQUE POTENTIAL AND NURTURE THE NECESSARY SKILLS, MINDSETS, AND VALUES TO MAKE A POSITIVE IMPACT IN THE WORLD, BY ANCHORING OUR MODEL ON FOUR PILLARS.1. ACADEMIC EXCELLENCE: WE PERSONALIZE LEARNING FOR STUDENTS TO REACH THEIR GREATEST POTENTIAL.2. MANDARIN IMMERSION: WE FOSTER BILINGUAL GLOBAL CITIZENS.3. WHOLE CHILD EDUCATION: WE BALANCE RIGOROUS ACADEMICS WITH SOCIAL-EMOTIONAL LEARNING.4. DIVERSE, EQUITABLE & INCLUSIVE COMMUNITY: WE BUILD A COMMUNITY THAT EMBRACES DIVERSITY AND VALUES OUR COLLECTIVE HUMANITY.

    Expenses $10,362,960 · Revenue $492,386

As filed on the 2022 return.

Listed in Part VII

  • Reginald Lee

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Schorr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Casey Hatton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Yiaway Yeh

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gary Borden

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keta Brown

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Henry

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alcine Mumby

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Norman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Beth Thompson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Park

    CEO

    Total calculated
    $214,020
    From this org
    $181,373
    From related orgs
    $0
    Other
    $32,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,373
    Bonus
    $0
    Other
    $0
    Deferred
    $32,647
    Nontaxable benefits
    $0
    Filer's total
    $214,020

  • Greg Callaham

    PRINCIPAL

    Total calculated
    $116,799
    From this org
    $116,799
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Emily Wood Dahm

    CHIEF OPERATIONS OFFICER

    Total calculated
    $122,214
    From this org
    $122,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Crystal Simmons

    DIRECTOR OF STUDENT SUPPOR

    Total calculated
    $133,551
    From this org
    $113,311
    From related orgs
    $0
    Other
    $20,240
    Hours/week
    40

  • Celia Pascual

    CHIEF ACADEMIC OFFICER

    Total calculated
    $121,895
    From this org
    $103,301
    From related orgs
    $0
    Other
    $18,594
    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. 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349305907

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