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Nonprofiteer
← FEI TIAN COLLEGE

Form 990 for tax year 2023

Filed by FEI TIAN COLLEGE.

Totals

Total revenue
$13,390,940
Total expenses
$11,817,289
Contributions and grants received
$2,553,454
Grants paid
$7,796,379
Program service revenue
$9,432,637
Investment income
$349,153
Other revenue
$1,055,696
Total assets, end of year
$31,886,956
Total liabilities, end of year
$266,513
Net assets or fund balances, end of year
$31,620,443
Program services expenses (Part IX)
$11,031,747
Management and general expenses
$768,530
Fundraising expenses
$17,012
Program service expenses (Part III)
$11,031,747

Program services were 93.4% 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.

  • 1f · All other contributions, gifts and grants

    $2,553,454

  • 2a · Program service revenue: TUITION

    total $8,673,795 · related or exempt $8,673,795

  • 2b · Program service revenue: ROOM AND BOARD

    total $758,842 · related or exempt $758,842

  • 3 · Investment income

    total $349,153 · excluded $349,153

  • 6a · Gross rents

    real property $962,236

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $962,236

  • 6d · Net rental income or loss

    total $962,236 · excluded $962,236

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $93,460 · excluded $93,460

  • 11e · Other revenue, total

    $93,460

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,796,379 · program services $7,796,379

  • 5 · Compensation of officers, directors and key employees

    total $118,726 · program services $94,981 · management and general $23,270 · fundraising $475

  • 7 · Other salaries and wages

    total $2,237,564 · program services $1,790,051 · management and general $438,563 · fundraising $8,950

  • 9 · Other employee benefits

    total $23,028 · program services $18,422 · management and general $4,514 · fundraising $92

  • 10 · Payroll taxes

    total $180,256 · program services $144,205 · management and general $35,330 · fundraising $721

  • 11c · Fees: accounting

    total $39,903 · management and general $39,903

  • 11g · Fees: other

    total $33,430 · program services $13,983 · management and general $19,447

  • 12 · Advertising and promotion

    total $66,777 · management and general $60,993 · fundraising $5,784

  • 13 · Office expenses

    total $12,302 · program services $6,151 · management and general $5,536 · fundraising $615

  • 14 · Information technology

    total $74,143 · program services $43,949 · management and general $30,194

  • 16 · Occupancy

    total $72,697 · program services $51,826 · management and general $20,700 · fundraising $171

  • 17 · Travel

    total $7,310 · management and general $7,310

  • 19 · Conferences, conventions and meetings

    total $4,538 · management and general $4,538

  • 22 · Depreciation, depletion and amortization

    total $317,831 · program services $286,048 · management and general $31,783

  • 23 · Insurance

    total $50,897 · program services $40,718 · management and general $9,975 · fundraising $204

  • 24a · Other expenses: STIPEND PAYMENTS

    total $522,600 · program services $522,600

  • 24b · Other expenses: CLASSROOM SUPPLIES

    total $129,233 · program services $129,233

  • 24c · Other expenses: STUDENT ROOM AND BOARD

    total $50,079 · program services $50,079

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $27,475 · program services $27,475

  • 24e · All other expenses

    total $52,121 · program services $15,647 · management and general $36,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,238,754 · end of year $2,125,738

  • 2 · Savings and temporary cash investments

    beginning of year $14,169,124 · end of year $18,045,483

  • 4 · Accounts receivable

    beginning of year $35,909 · end of year $129,081

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

    $14,059,515

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

    $2,472,861

  • 10c · Land, buildings and equipment, net

    beginning of year $9,968,786 · end of year $11,586,654

  • 15 · Other assets

    beginning of year $1,144,285 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,122 · end of year $176,387

  • 19 · Deferred revenue

    beginning of year $53,125

  • 25 · Other liabilities

    beginning of year $337,875 · end of year $90,126

  • 27 · Net assets without donor restrictions

    beginning of year $31,024,736 · end of year $31,620,443

Mission and programs · 2023

Mission

THE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING.

  • FEI TIAN COLLEGE'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING EDUCATION IN CLASSICAL CHINESE DANCE AND EAST-WEST MUSIC TO THE STUDENTS ENROLLED IN ITS PROGRAM. THE COLLEGE ALSO PROVIDES THE STUDENTS GENERAL EDUCATION COURSES IN THE LIBERAL ARTS AND SCIENCES. THE EXPENSES ASSOCIATED WITH THE INSTRUCTION PROVIDED INCLUDE COMPENSATION RELATING TO THE EDUCATIONAL FUNCTION OF THE COLLEGE, TEACHING MATERIALS AND SERVICES. THE COLLEGE RECEIVED APPROXIMATELY $6.2 MILLION IN DONATED PROFESSIONAL SERVICES IN THE 2023 ACADEMIC YEAR.PROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE COLLEGE. STUDENT ASSISTANCE IS PRIMARILY SCHOLARSHIPS, SUCH AS TUITION WAIVERS AND SCHOLARSHIP STIPENDS. MOST OF THE STUDENT BODY RECEIVED FULL SCHOLARSHIPS IN THE 2023 ACADEMIC YEAR. THE COLLEGE RECEIVED APPROXIMATLEY $1.3 MILLION IN DONATED USE OF FACILITIES.DURING 2023, THE COLLEGE SUPPORTED ITS MISSION OF HIGHER EDUCATION AND OF NURTURING IN ITS STUDENTS INTELLECTUAL AND MORAL VIRTUES THROUGH PROGRAM SERVICES. SUCH PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING AND AUXILARY SERVICES, SUCH AS DORMITORIES.

    Expenses $11,031,747 · Grants $7,796,379 · Revenue $9,432,637

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sen Nieh

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    0

  • Levi Browde

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Erping Zhang

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Shantao Lai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Gail Rachlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jacob Wallenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Vina Lee

    PRESIDENT

    Total calculated
    $49,896
    From this org
    $49,896
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joe Zhao

    SENIOR VICE PRESIDENT

    Total calculated
    $29,550
    From this org
    $29,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Yuan P Li

    VICE PRESIDENT OF ACADEMIC

    Total calculated
    $39,600
    From this org
    $39,600
    From related orgs
    $0
    Other
    $0
    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.

  • DRAGON SPRINGS BUDDHIST INC

    170(B)(A)(IV) · RELIGOUS TEMPLE · NY

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202510499349301901

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