Pacific East Quality Education
- Assets
- $8.2m
- Revenue
- $9.3m
- Investments
- $6.2m
- Employees
- 104
- Location
- Mountain View, CA
- Founding
- 03/2003
- Data as of
- 07/2023
- EIN
- 04-3678629
Organization Overview
Pacific East Quality Education, operating under the name Yew Chung International School, is located in Mountain View, CA. The organization was established in 2003. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Yew Chung International School employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yew Chung International School 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 07/2023, Yew Chung International School generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $8.2m during the year ending 07/2023. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
YCIS SILICON VALLEY IS A WELCOMING SCHOOL COMMUNITY WHERE ALL CHILDREN FROM PRESCHOOL THROUGH GRADE 8 ARE ENCOURAGED TO FIND AND FOLLOW THEIR GIFTS AS THEY LEARN IN BOTH CHINESE AND ENGLISH. OUR GOAL: TO HELP OUR STUDENTS BECOME COMPASSIONATE, BILINGUAL WORLD LEARNERS AND LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A K-8 SCHOOL. IN OUR DUAL-LANGUAGE SCHOOL (MANDARIN AND ENGLISH), STUDENTS LEARN TO APPRECIATE THE VALUES AND CULTURES OF BOTH WORLDS. AT YEW CHUNG, THEY GET THE BEST OF THE EAST AND THE WEST.
OUR BILINGUAL PRESCHOOL PROGRAM TAKES PLACE IN A NURTURING ENVIRONMENT THAT ENABLES CHILDREN TO EXERCISE INITIATIVE, MAKE DECISIONS AND CONSTRUCT A HANDS-ON UNDERSTANDING OF THE WORLD THROUGH TWO LANGUAGES, ENGLISH AND MANDARIN. AN INTEGRATED CURRICULUM BASED ON CHILDRENS INTERESTS COMPRISES LEARNING ACTIVITIES COVERING A RANGE OF AREAS RATHER THAN ISOLATED SUBJECTS TO FURTHER CHILDRENS LEARNING AND DEVELOPMENT.
THE YEW CHUNG ARTS AND LANGUAGE PROGRAM (YALP) OFFERS AN ENRICHING ARRAY OF EXTRA-CURRICULAR ACTIVITIES THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ping Qian Assistant Head Of School | Officer | 40 | $142,711 |
Sandra Hite Head Of School Through June 2 | Officer | 40 | $135,938 |
Carolyn Macaluso Coordinator | 40 | $96,700 | |
Yu-Chin Ho Coordinator | 40 | $99,613 | |
Stevie Park Business Manager Through Oct | Officer | 40 | $61,018 |
Lydia Lim Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,773 |
| Total Program Service Revenue | $9,032,393 |
| Investment income | $104,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,271,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $581,019 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $781,445 |
| Compensation of current officers, directors, key employees. | $483,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,128,409 |
| Pension plan accruals and contributions | $120,953 |
| Other employee benefits | $363,385 |
| Payroll taxes | -$628,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,893 |
| Fees for services: Accounting | $102,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,577 |
| Advertising and promotion | $41,005 |
| Office expenses | $81,350 |
| Information technology | $102,802 |
| Royalties | $0 |
| Occupancy | $1,667,841 |
| Travel | $6,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,504 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,243 |
| Insurance | $49,110 |
| All other expenses | $0 |
| Total functional expenses | $8,158,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,255,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,623 |
| 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 | $67,914 |
| Net Land, buildings, and equipment | $510,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,182,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,374 |
| Total assets | $8,237,592 |
| Accounts payable and accrued expenses | $557,637 |
| Grants payable | $0 |
| Deferred revenue | $5,431,471 |
| 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 | $154,383 |
| Total liabilities | $6,143,491 |
| Net assets without donor restrictions | $2,094,101 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,237,592 |