Huaxia Chinese School At Bridgewater A Nj Nonprofit Corp
- Assets
- $244.2k
- Revenue
- $199.1k
- Investments
- $0.0
- Employees
- 32
- Location
- Bridgewater, NJ
- Founding
- 07/2007
- Data as of
- 06/2023
- EIN
- 01-0853738
Organization Overview
Huaxia Chinese School At Bridgewater A Nj Nonprofit Corp is located in Bridgewater, NJ. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Huaxia Chinese School At Bridgewater A NJ Nonprofit Corp employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huaxia Chinese School At Bridgewater A NJ Nonprofit Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Huaxia Chinese School At Bridgewater A NJ Nonprofit Corp generated $199.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $148.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SCHOOL IS TO SERVE OUR COMMUNITY THROUGH EXCELLENCE IN EDUCATIONAL PROGRAMS FOCUSING ON CHINESE LANGUAGE TEACHING AND CULTURAL AWARENESS AND ENRICHMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES CHINESE LANGUAGE INSTRUCTION SERVICE TO STUDENTS WHO WANT TO LEARN CHINESE LANGUAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Huang Principal | Officer | 6 | $7,895 |
Jessica Li Vice Princip | OfficerTrustee | 8 | $6,802 |
Ling Meng Administrati | Officer | 6 | $6,340 |
Fen Li School Accou | Officer | 6 | $5,782 |
Ren Jia Administrati | Officer | 3 | $2,202 |
Youren Liu Board Treasu | Trustee | 1 | $1,722 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,384 |
| Total Program Service Revenue | $164,625 |
| Investment income | $58 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,818 |
| Fees for services: Management | $942 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207 |
| Advertising and promotion | $920 |
| Office expenses | $1,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,645 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $670 |
| Insurance | $2,410 |
| All other expenses | $4,255 |
| Total functional expenses | $148,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,212 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $244,212 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,029 |
| Total liabilities | $42,029 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $202,183 |
| Total liabilities and net assets/fund balances | $244,212 |