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Nonprofiteer
← HMONG EDUCATION REFORM COMPANY

Form 990 for tax year 2023

Filed by HMONG EDUCATION REFORM COMPANY.

Totals

Total revenue
$5,548,214
Total expenses
$5,859,627
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,434,330
Investment income
$113,884
Other revenue
$0
Total assets, end of year
$76,248,454
Total liabilities, end of year
$78,095,632
Net assets or fund balances, end of year
-$1,847,178
Program services expenses (Part IX)
$5,787,957
Management and general expenses
$71,670
Fundraising expenses
$0
Program service expenses (Part III)
$5,787,957

Program services were 98.8% 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 $5,434,330 · related or exempt $5,434,330

  • 3 · Investment income

    total $113,884 · excluded $113,884

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $373,908 · program services $373,908

  • 16 · Occupancy

    total $3,711,348 · program services $3,639,678 · management and general $71,670

  • 22 · Depreciation, depletion and amortization

    total $1,711,819 · program services $1,711,819

  • 24a · Other expenses: Equipment

    total $62,552 · program services $62,552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$39,339

  • 2 · Savings and temporary cash investments

    beginning of year $3,047,279 · end of year $3,199,062

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

    $84,624,303

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

    $11,574,911

  • 10c · Land, buildings and equipment, net

    beginning of year $74,584,715 · end of year $73,049,392

  • 15 · Other assets

    beginning of year $274,196 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $101,534

  • 20 · Tax-exempt bond liabilities

    beginning of year $71,724,020 · end of year $70,777,806

  • 24 · Unsecured notes and loans payable

    beginning of year $6,418,063 · end of year $5,975,092

  • 25 · Other liabilities

    beginning of year $1,260,533 · end of year $1,241,200

  • 27 · Net assets without donor restrictions

    beginning of year -$3,283,172 · end of year -$3,703,506

  • 28 · Net assets with donor restrictions

    beginning of year $1,747,407 · end of year $1,856,328

Mission and programs · 2023

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 $5,787,957 · Revenue $5,434,330

As filed on the 2023 return.

Listed in Part VII

  • Luke Mead

    Board Chair/Project Manage

    Total calculated
    $96,305
    From this org
    $0
    From related orgs
    $84,248
    Other
    $12,057
    Hours/week
    1 + 40 related

  • Mariah Mercil

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jenee Nordstrom-Anderson

    Secretary/Teaching Directo

    Total calculated
    $119,216
    From this org
    $0
    From related orgs
    $104,007
    Other
    $15,209
    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
2023
Filed
25 April 2025
IRS schema version
2023v6.0
Source object
202541219349301644

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