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Nonprofiteer
← HMONG EDUCATION REFORM COMPANY

Form 990 for tax year 2022

Filed by HMONG EDUCATION REFORM COMPANY.

Totals

Total revenue
$5,502,527
Total expenses
$5,958,429
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,444,461
Investment income
$58,066
Other revenue
$0
Total assets, end of year
$77,866,851
Total liabilities, end of year
$79,402,616
Net assets or fund balances, end of year
-$1,535,765
Program services expenses (Part IX)
$5,701,542
Management and general expenses
$256,887
Fundraising expenses
$0
Program service expenses (Part III)
$5,701,542

Program services were 95.7% 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.

  • 2a · Program service revenue: Rental income

    total $5,444,461 · related or exempt $5,444,461

  • 3 · Investment income

    total $58,066 · excluded $58,066

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $372,974 · program services $116,087 · management and general $256,887

  • 16 · Occupancy

    total $3,877,632 · program services $3,877,632

  • 22 · Depreciation, depletion and amortization

    total $1,707,020 · program services $1,707,020

  • 24a · Other expenses: Supplies

    total $803 · program services $803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,077 · end of year -$39,339

  • 2 · Savings and temporary cash investments

    beginning of year $2,743,516 · end of year $3,047,279

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

    $84,447,808

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

    $9,863,093

  • 10c · Land, buildings and equipment, net

    beginning of year $76,291,735 · end of year $74,584,715

  • 15 · Other assets

    beginning of year $282,505 · end of year $274,196

  • 20 · Tax-exempt bond liabilities

    beginning of year $72,374,347 · end of year $71,724,020

  • 24 · Unsecured notes and loans payable

    beginning of year $6,848,816 · end of year $6,418,063

  • 25 · Other liabilities

    beginning of year $1,260,533 · end of year $1,260,533

  • 27 · Net assets without donor restrictions

    beginning of year -$2,648,923 · end of year -$3,283,172

  • 28 · Net assets with donor restrictions

    beginning of year $1,569,060 · end of year $1,747,407

Mission and programs · 2022

Mission

The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy.

  • The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy.

    Expenses $5,701,542 · Revenue $5,444,461

As filed on the 2022 return.

Listed in Part VII

  • Luke Mead

    Board Chair/Project Manager

    Total calculated
    $90,515
    From this org
    $84,048
    From related orgs
    $0
    Other
    $6,467
    Hours/week
    1 + 40 related

  • Mariah Mercil

    Treasurer/Teacher

    Total calculated
    $53,136
    From this org
    $41,088
    From related orgs
    $0
    Other
    $12,048
    Hours/week
    1 + 40 related

  • Jenee Nordstrom-Anderson

    Secretary/Teaching Director

    Total calculated
    $110,145
    From this org
    $96,772
    From related orgs
    $0
    Other
    $13,373
    Hours/week
    1 + 40 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
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202441239349300334

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