Yinghua Academy
- Assets
- $6.7m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 144
- Location
- Minneapolis, MN
- Founding
- 05/2006
- Data as of
- 06/2022
- EIN
- 20-1523055
Organization Overview
Yinghua Academy is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Yinghua Academy employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yinghua 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 06/2022, Yinghua Academy generated $10.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE OUR STUDENTS TO BE ENGAGED AND PRODUCTIVE GLOBAL CITIZENS BY PROVIDING A RESEARCH-BASED EDUCATIONAL PROGRAM THAT INCLUDES RIGOROUS ACADEMIC PROGRAM, IMMERSION IN CHINESE LANGUAGE AND CULTURE, AND A NURTURING AND SUPPORTIVE SCHOOL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YINGHUA ACADEMY SERVED 833 STUDENTS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Berg Executive Director | Officer | 40 | $140,425 |
Ye Cheng Board Member/teacher | OfficerTrustee | 40 | $57,653 |
Shu-Mei Lai Former Board Member/teacher | 1 | $43,156 | |
Erica Rasmussen Former Board Member/teacher | 41 | $31,712 | |
Paul Haller Board Chair | OfficerTrustee | 1 | $0 |
Nathan Bode Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Accounting Services | 6/29/22 | $100,521 |
Ckc Good Food Food Service | 6/29/22 | $402,701 |
Metropolitan Transportation Network Inc Transportation/bus Services | 6/29/22 | $547,160 |
Mn Cln Services Janitorial Services | 6/29/22 | $147,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,436,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,538,416 |
| Total Program Service Revenue | $495,840 |
| Investment income | $2,927 |
| 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 | $10,037,183 |
| 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. | $248,215 |
| Compensation of current officers, directors, key employees. | $171,134 |
| Compensation to disqualified persons | $24,902 |
| Other salaries and wages | $4,864,378 |
| Pension plan accruals and contributions | $402,653 |
| Other employee benefits | $411,148 |
| Payroll taxes | $354,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,642 |
| Fees for services: Accounting | $115,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,322 |
| Advertising and promotion | $0 |
| Office expenses | $145,253 |
| Information technology | $89,815 |
| Royalties | $0 |
| Occupancy | $1,466,586 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,049 |
| Insurance | $36,972 |
| All other expenses | $122,053 |
| Total functional expenses | $9,901,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,815 |
| Savings and temporary cash investments | $1,630,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $878,252 |
| 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 | $155,757 |
| Net Land, buildings, and equipment | $530,073 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,950,417 |
| Total assets | $6,729,014 |
| Accounts payable and accrued expenses | $592,735 |
| Grants payable | $0 |
| Deferred revenue | $62,734 |
| 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 | $8,838,445 |
| Total liabilities | $9,493,914 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$3,294,973 |
| Paid-in or capital surplus, or land, building, or equipment fund | $530,073 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,729,014 |