Fei Tian College
- Assets
- $31.6m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 70
- Location
- Cuddebackville, NY
- Founding
- 05/2012
- Data as of
- 03/2023
- EIN
- 45-2926542
Organization Overview
Fei Tian College is located in Cuddebackville, NY. The organization was established in 2012. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 03/2023, Fei Tian College employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fei Tian College 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 03/2023, Fei Tian College generated $17.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $9.0m during the year ending 03/2023. While expenses have increased by 8.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEI TIAN COLLEGE'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING EDUCATION IN CLASSICAL CHINESE DANCE AND EAST-WEST MUSIC TO THE STUDENTS ENROLLED IN ITS PROGRAM. THE COLLEGE ALSO PROVIDES THE STUDENTS GENERAL EDUCATION COURSES IN THE LIBERAL ARTS AND SCIENCES. THE EXPENSES ASSOCIATED WITH THE INSTRUCTION PROVIDED INCLUDE COMPENSATION RELATING TO THE EDUCATIONAL FUNCTION OF THE COLLEGE, TEACHING MATERIALS AND SERVICES. THE COLLEGE RECEIVED APPROXIMATELY $5.9 MILLION IN DONATED PROFESSIONAL SERVICES IN THE 2022 ACADEMIC YEAR.PROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE COLLEGE. STUDENT ASSISTANCE IS PRIMARILY SCHOLARSHIPS, SUCH AS TUITION WAIVERS AND SCHOLARSHIP STIPENDS. MOST OF THE STUDENT BODY RECEIVED FULL SCHOLARSHIPS IN THE 2022 ACADEMIC YEAR. THE COLLEGE RECEIVED APPROXIMATLEY $1.2 MILLION IN DONATED USE OF FACILITIES.DURING 2022, THE COLLEGE SUPPORTED ITS MISSION OF HIGHER EDUCATION AND OF NURTURING IN ITS STUDENTS INTELLECTUAL AND MORAL VIRTUES THROUGH PROGRAM SERVICES. SUCH PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING AND AUXILARY SERVICES, SUCH AS DORMITORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sen Nieh Chair Of The Board | OfficerTrustee | 0 | $0 |
Levi Browde Treasurer | OfficerTrustee | 0 | $0 |
Erping Zhang Secretary | OfficerTrustee | 0 | $0 |
Gail Rachlin Board Member | Trustee | 0 | $0 |
Shantao Lai Board Member | Trustee | 0 | $0 |
Yingnian Wu Board Member | Trustee | 0 | $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 | $10,001,555 |
| Noncash contributions included in lines 1a–1f | $25,270 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,001,555 |
| Total Program Service Revenue | $6,749,288 |
| Investment income | $15,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $779,375 |
| 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 | $17,559,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,596,591 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,750 |
| Compensation of current officers, directors, key employees. | $22,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,984,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,855 |
| Payroll taxes | $160,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,872 |
| Fees for services: Accounting | $28,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,893 |
| Advertising and promotion | $17,789 |
| Office expenses | $11,292 |
| Information technology | $36,283 |
| Royalties | $0 |
| Occupancy | $52,395 |
| 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 | $313,999 |
| Insurance | $80,021 |
| All other expenses | $42,718 |
| Total functional expenses | $9,034,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,238,754 |
| Savings and temporary cash investments | $14,169,124 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,909 |
| 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 | $9,968,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,144,285 |
| Total assets | $31,556,858 |
| Accounts payable and accrued expenses | $141,122 |
| Grants payable | $0 |
| Deferred revenue | $53,125 |
| 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 | $337,875 |
| Total liabilities | $532,122 |
| Net assets without donor restrictions | $31,024,736 |
| 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 | $31,556,858 |