Yu Ming Charter School
- Assets
- $3.6m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 112
- Location
- Oakland, CA
- Founding
- 04/2011
- Data as of
- 06/2021
- EIN
- 27-4260393
Organization Overview
Yu Ming Charter School is located in Oakland, CA. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Yu Ming Charter School employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yu Ming Charter 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 06/2021, Yu Ming Charter School generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $7.2m during the year ending 06/2021. While expenses have increased by 13.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A MANDARIN IMMERSION PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT YU MING CHARTER SCHOOL, WE UNLOCK EACH STUDENT'S UNIQUE POTENTIAL AND NURTURE THE NECESSARY SKILLS, MINDSETS, AND VALUES TO MAKE A POSITIVE IMPACT IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Park Head Of School | Officer | 40 | $139,620 |
Reginald Lee Chair | OfficerTrustee | 1 | $0 |
Brianna Swartz Director | Trustee | 1 | $0 |
Lucia Hwang Director | Trustee | 1 | $0 |
Jessica Norman Director | Trustee | 1 | $0 |
Ron Lewis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sacred Heart Church Rent | 6/29/21 | $332,393 |
St Columbia Parish Church Rent | 6/29/21 | $237,580 |
Exed Financial Services | 6/29/21 | $118,250 |
Advanced Medical Personnel Services Inc Special Ed Support | 6/29/21 | $111,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,382,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,290,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,673,371 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $7,696,320 |
| 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. | $148,935 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,810,533 |
| Pension plan accruals and contributions | $622,024 |
| Other employee benefits | $247,535 |
| Payroll taxes | $178,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,447 |
| Fees for services: Accounting | $122,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,289 |
| Advertising and promotion | $17,243 |
| Office expenses | $74,954 |
| Information technology | $57,235 |
| Royalties | $0 |
| Occupancy | $608,007 |
| Travel | $2,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,750 |
| Insurance | $73,097 |
| All other expenses | $0 |
| Total functional expenses | $7,193,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,112,044 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,022,935 |
| 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 | $280,453 |
| Net Land, buildings, and equipment | $98,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $3,564,287 |
| Accounts payable and accrued expenses | $316,506 |
| Grants payable | $0 |
| Deferred revenue | $241,906 |
| 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 | $73,255 |
| Total liabilities | $631,667 |
| Net assets without donor restrictions | $2,932,620 |
| 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 | $3,564,287 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Yu Ming Charter School has recieved totaling $795,781.
| Awarding Organization | Amount |
|---|---|
Silicon Schools Fund Inc Oakland, CA PURPOSE: TO SUPPORT OPERATIONS OF THE SCHOOL | $348,000 |
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $310,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $59,393 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL IMPACT | $35,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,560 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $18,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnerships To Uplift Communities Los Angeles Burbank, CA | $14,420,401 | $24,912,837 |
Literacy First Charter Schools El Cajon, CA | $29,290,072 | $23,446,904 |
Voices College-Bound Language Academies San Jose, CA | $26,350,864 | $21,078,147 |
Santa Rosa Academy Incorporated Menifee, CA | $46,198,054 | $16,730,823 |
Siatech Inc Oceanside, CA | $9,582,548 | $15,818,647 |
Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Vista Charter Public Schools Los Angeles, CA | $62,725,425 | $20,964,484 |
Roseland Charter School Santa Rosa, CA | $53,872,700 | $25,562,169 |
Ofl William S Hart Inc Pasadena, CA | $11,952,405 | $20,153,084 |
New Designs Charter School Los Angeles, CA | $56,545,069 | $20,507,111 |