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Nonprofiteer
← SHEN YUN PERFORMING ARTS INC

Form 990 for tax year 2023

Filed by SHEN YUN PERFORMING ARTS INC.

Totals

Total revenue
$51,515,988
Total expenses
$18,063,357
Contributions and grants received
$9,156,033
Grants paid
$0
Program service revenue
$38,939,633
Investment income
$1,245,245
Other revenue
$2,175,077
Total assets, end of year
$266,174,496
Total liabilities, end of year
$8,596
Net assets or fund balances, end of year
$266,165,900
Program services expenses (Part IX)
$17,577,050
Management and general expenses
$486,307
Fundraising expenses
$0
Program service expenses (Part III)
$17,577,050

Program services were 97.3% 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.

  • 1d · Related organizations

    $1,151,712

  • 1f · All other contributions, gifts and grants

    $8,004,321

  • 1g · Noncash contributions included above

    $1,253,042

  • 2a · Program service revenue: Program Revenue

    total $38,939,633 · related or exempt $38,939,633

  • 3 · Investment income

    total $1,245,245 · related or exempt $1,245,245

  • 5 · Royalties

    total $2,174,746 · related or exempt $2,174,746

  • 10a · Gross sales of inventory

    $1,306

  • 10b · Cost of goods sold

    $975

  • 10c · Net income from sales of inventory

    total $331 · related or exempt $331

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $83,100 · program services $83,100

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,436,769 · program services $6,436,769

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $38,491 · program services $38,491

  • 10 · Payroll taxes

    total $656,839 · program services $656,839

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $100,000 · management and general $100,000

  • 11c · Fees: accounting

    total $207,626 · program services $207,626

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $64,134 · management and general $64,134

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $30,086 · management and general $30,086

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,151,712 · program services $1,151,712

  • 17 · Travel

    total $1,054,583 · program services $971,774 · management and general $82,809

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,033 · management and general $4,033

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $4,990,000 · program services $4,990,000

  • 22 · Depreciation, depletion and amortization

    total $467,166 · program services $462,011 · management and general $5,155

  • 23 · Insurance

    total $197,869 · program services $130,084 · management and general $67,785

  • 24a · Other expenses: Production Cost

    total $1,419,332 · program services $1,419,332

  • 24b · Other expenses: Equipment Expense

    total $58,743 · program services $58,743

  • 24c · Other expenses: Living Expense

    total $319,752 · program services $319,752

  • 24d · Other expenses: Facility, Theater and Office Rental

    total $650,817 · program services $650,817

  • 24e · All other expenses

    total $132,305 · management and general $132,305

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,500,459 · end of year $72,218,764

  • 2 · Savings and temporary cash investments

    beginning of year $157,264,704 · end of year $177,001,833

  • 4 · Accounts receivable

    beginning of year $3,425,554 · end of year $9,011,731

  • 8 · Inventories for sale or use

    beginning of year $183,267 · end of year $181,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,370,967 · end of year $3,266,342

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

    $7,103,491

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

    $6,251,608

  • 10c · Land, buildings and equipment, net

    beginning of year $1,193,161 · end of year $851,883

  • 15 · Other assets

    beginning of year $3,642,354 · end of year $3,642,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $532,100 · end of year $8,596

  • 27 · Net assets without donor restrictions

    beginning of year $228,048,366 · end of year $266,165,900

Mission and programs · 2023

Mission

To Carry forward the goodness of FLDF and universal principle of Truch, Compassion and Forbearance. To bring together talented artists of different nationality to revive the true, five-millennia-old artistic traditon of China. We seek to breathe new life into traditional culture while providing audiences everywhere with an experience of beauty.

Activities or mission (Part I)

To Carry forward the goodness of FLDF and universal principle of Truch, Compassion and Forbearance. To bring together talented artists of different nationality to revive the true, five-millennia-old artistic traditon.

  • SY is a classical chinese dance performing arts company and we perform in varies cities in US, EU and Asia.

    Expenses $17,577,050 · Revenue $38,939,633

As filed on the 2023 return.

Listed in Part VII

  • Ying Chen

    President

    Total calculated
    $54,000
    From this org
    $0
    From related orgs
    $54,000
    Other
    $0
    Hours/week
    20 + 20 related

  • Kangang

    Secretary

    Total calculated
    $48,000
    From this org
    $0
    From related orgs
    $48,000
    Other
    $0
    Hours/week
    20 + 20 related

  • Hao Wang

    Board of Director

    Total calculated
    $43,200
    From this org
    $43,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Lois Kuang

    Treasurer

    Total calculated
    $39,900
    From this org
    $39,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 40 related

  • Huaping Guo

    Board of Director

    Total calculated
    $0
    Hours/week
    20 + 20 related

  • Vina Lee

    Board of Director

    Total calculated
    $0
    Hours/week
    20 + 20 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.

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
12 April 2024
IRS schema version
2023v5.0
Source object
202421039349300917

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