Kai Ming Inc
- Assets
- $14.6m
- Revenue
- $22.3m
- Investments
- $0.0
- Employees
- 205
- Location
- San Francisco, CA
- Founding
- 06/1975
- Data as of
- 06/2023
- EIN
- 51-0137847
Organization Overview
Kai Ming Inc is located in San Francisco, CA. The organization was established in 1975. 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 06/2023, Kai Ming Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kai Ming Inc 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 06/2023, Kai Ming Inc generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $22.0m during the year ending 06/2023. While expenses have increased by 15.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION & SUPPORTIVE SERVICE TO CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE PREDEVELOPMENT PROGRAM- PROVIDES EDUCATION AND SUPPORTIVE TO PRESCHOOLCHILDREN.
HEAD START PROGRAM-PROVIDES EDUCATIONAL AND SUPPORTIVE SERVICES TO YOUNG CHILDREN IN ORDER TO PROMOTE THEIR MENTAL AND PHYSICAL DEVELOPMENT.
OTHER ANCILLARY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Yang Executive Dir. | Officer | 40 | $197,709 |
Deng Yu Lian Finance Manager | 40 | $165,813 | |
Dong Ruifang Hr Manager | 40 | $149,445 | |
Sandra P Mckeithan Director Of Children & Family Servi | 40 | $129,283 | |
Sequeira Fatima Rosario Executive Assistant | 40 | $123,721 | |
Larry Vitale Chairperson | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chefables Food Provider | 6/29/23 | $441,416 |
Shih-wei Hsu It | 6/29/23 | $217,940 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,799,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,799,420 |
| 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 | $22,307,613 |
| 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. | $880,626 |
| Compensation of current officers, directors, key employees. | $128,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,540,827 |
| Pension plan accruals and contributions | $1,687,237 |
| Other employee benefits | $2,827,688 |
| Payroll taxes | $854,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,270 |
| Fees for services: Accounting | $114,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,173,987 |
| Advertising and promotion | $66,546 |
| Office expenses | $56,911 |
| Information technology | $379,717 |
| Royalties | $0 |
| Occupancy | $175,984 |
| Travel | $80,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $687,622 |
| Insurance | $80,788 |
| All other expenses | $297,675 |
| Total functional expenses | $22,026,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,193,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,661,607 |
| Accounts receivable, net | $0 |
| 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 | $122,984 |
| Net Land, buildings, and equipment | $5,768,564 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $808,548 |
| Other assets | $85,670 |
| Total assets | $14,640,428 |
| Accounts payable and accrued expenses | $4,687,225 |
| Grants payable | $0 |
| Deferred revenue | $2,285,842 |
| 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 | $1,874,004 |
| Unsecured mortgages and notes payable | $600,000 |
| Other liabilities | $874,791 |
| Total liabilities | $10,321,862 |
| Net assets without donor restrictions | $4,318,566 |
| 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 | $14,640,428 |