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Nonprofiteer
← YINGHUA ACADEMY

Form 990 for tax year 2022

Filed by YINGHUA ACADEMY.

Totals

Total revenue
$10,700,019
Total expenses
$10,317,404
Contributions and grants received
$9,300,233
Grants paid
$0
Program service revenue
$1,372,172
Investment income
$27,164
Other revenue
$450
Total assets, end of year
$6,381,707
Total liabilities, end of year
$8,186,057
Net assets or fund balances, end of year
-$1,804,350
Program services expenses (Part IX)
$9,416,142
Management and general expenses
$901,262
Fundraising expenses
$0
Program service expenses (Part III)
$9,416,142

Program services were 91.3% 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.

  • 1e · Government grants (contributions)

    $9,131,973

  • 1f · All other contributions, gifts and grants

    $168,260

  • 2a · Program service revenue: OTHER ACTIVITIES FEES

    total $746,165 · related or exempt $746,165

  • 2b · Program service revenue: COMM ED CLASSES FEES

    total $377,215 · related or exempt $377,215

  • 2c · Program service revenue: FOOD SALES

    total $248,792 · related or exempt $248,792

  • 3 · Investment income

    total $27,164 · excluded $27,164

  • 11a · Other revenue: MISC REVENUE

    total $450 · related or exempt $450

  • 11e · Other revenue, total

    $450

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $218,119 · program services $74,453 · management and general $143,666

  • 7 · Other salaries and wages

    total $4,785,948 · program services $4,530,125 · management and general $255,823

  • 8 · Pension plan contributions

    total $392,867 · program services $374,883 · management and general $17,984

  • 9 · Other employee benefits

    total $374,047 · program services $339,075 · management and general $34,972

  • 10 · Payroll taxes

    total $330,655 · program services $305,005 · management and general $25,650

  • 11b · Fees: legal

    total $19,072 · management and general $19,072

  • 11c · Fees: accounting

    total $124,065 · management and general $124,065

  • 11g · Fees: other

    total $1,345,376 · program services $1,242,718 · management and general $102,658

  • 13 · Office expenses

    total $107,677 · program services $50,906 · management and general $56,771

  • 14 · Information technology

    total $148,400 · program services $44,318 · management and general $104,082

  • 16 · Occupancy

    total $1,467,627 · program services $1,466,485 · management and general $1,142

  • 19 · Conferences, conventions and meetings

    total $31,907 · program services $31,622 · management and general $285

  • 22 · Depreciation, depletion and amortization

    total $100,749 · program services $95,846 · management and general $4,903

  • 23 · Insurance

    total $46,663 · program services $46,663

  • 24a · Other expenses: FIELD TRIPS

    total $355,773 · program services $355,773 · management and general $0

  • 24b · Other expenses: REPAIR & MAINT

    total $216,551 · program services $216,229 · management and general $322

  • 24c · Other expenses: INSTRUCTIONAL SUPPLIES

    total $144,359 · program services $144,359 · management and general $0

  • 24d · Other expenses: SMALL EQUIPMENT PURCHAS

    total $95,534 · program services $95,534 · management and general $0

  • 24e · All other expenses

    total $12,015 · program services $2,148 · management and general $9,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $583,815 · end of year $468,008

  • 2 · Savings and temporary cash investments

    beginning of year $1,630,700 · end of year $1,915,426

  • 4 · Accounts receivable

    beginning of year $878,252 · end of year $1,240,690

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,757 · end of year $142,526

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

    $1,204,808

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

    $727,282

  • 10c · Land, buildings and equipment, net

    beginning of year $530,073 · end of year $477,526

  • 15 · Other assets

    beginning of year $2,950,417 · end of year $2,137,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $592,735 · end of year $693,008

  • 19 · Deferred revenue

    beginning of year $62,734 · end of year $31,938

  • 25 · Other liabilities

    beginning of year $8,838,445 · end of year $7,461,111

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$3,294,973 · end of year -$2,281,876

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $530,073 · end of year $477,526

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PREPARE OUR STUDENTS TO BE ENGAGED AND PRODUCTIVE GLOBAL CITIZENS BY PROVIDING A RESEARCH-BASED EDUCATIONAL PROGRAM THAT INCLUDES RIGOROUS ACADEMIC PROGRAM, IMMERSION IN CHINESE LANGUAGE AND CULTURE, AND A NURTURING AND SUPPORTIVE SCHOOL ENVIRONMENT.

Activities or mission (Part I)

OPERATION OF A CHARTER SCHOOL IN MINNEAPOLIS, MN

  • YINGHUA ACADEMY SERVED 828 STUDENTS DURING THE FISCAL YEAR.

    Expenses $9,416,142 · Revenue $1,372,622

As filed on the 2022 return.

Listed in Part VII

  • Ye Cheng

    BOARD MEMBER/TEACHER

    Total calculated
    $64,812
    From this org
    $59,073
    From related orgs
    $0
    Other
    $5,739
    Hours/week
    40

  • Paul Haller

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Bode

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Robinson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Amanda Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Lawton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Evan Owens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cindy Moeller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yinglu Zeglin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • V John Ella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Luyi Lien

    EXECUTIVE DIRECTOR

    Total calculated
    $134,903
    From this org
    $101,176
    From related orgs
    $0
    Other
    $33,727
    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.

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.

  • YBC INC

    501(C)(3) · RENTAL PROPERTY · MN · controlled entity

    Directly controlled by YINGHUA ACADEMY

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202441349349308829

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