Fenghua Academy
- Assets
- $172.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Zurich, IL
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 20-1501276
Organization Overview
Fenghua Academy is located in Lake Zurich, IL. The organization was established in 2007. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fenghua Academy 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 12/2022, Fenghua Academy generated $125.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $140.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guangxue Wei Treasurer | 8 | $0 | |
Ronald Li Principal | 8 | $0 | |
Jialin Yang Officer | 8 | $0 | |
Jian Wang Officier | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,179 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,529 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $16,070 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,458 |
| Total expenses | $140,057 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,355 |
| Other assets | $0 |
| Total assets | $172,355 |
| Total liabilities | $0 |
| Net assets or fund balances | $172,355 |