Kai Ming Inc
- Assets
- $9.9m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 204
- Location
- San Francisco, CA
- Founding
- 06/1975
- Data as of
- 06/2022
- 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 06/2022, Kai Ming Inc employed 204 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 06/2022, Kai Ming Inc generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $15.0m during the year ending 06/2022. While expenses have increased by 12.6% 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 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 | $182,317 |
Deng Yu Lian Finance Manager | 40 | $155,355 | |
Dong Ruifang Hr Manager | 40 | $125,378 | |
Sequeira Fatima Rosario Executive Assistant | 40 | $117,549 | |
Larry Vitale Chairperson | Trustee | 1 | $0 |
Silan Stahlhut Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enklu It | 6/29/22 | $101,250 |
Chefables Food Provider | 6/29/22 | $317,343 |
Shih-wei Hsu It | 6/29/22 | $143,535 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,487,970 |
| 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 | $15,487,970 |
| 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 | $18,604,713 |
| 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. | $600,103 |
| Compensation of current officers, directors, key employees. | $600,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,379,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,036,244 |
| Payroll taxes | $522,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,048,792 |
| Advertising and promotion | $40,613 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $715,908 |
| Travel | $13,755 |
| 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 | $266,969 |
| Insurance | $76,082 |
| All other expenses | -$1,175,408 |
| Total functional expenses | $14,951,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,330 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,826,307 |
| 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 | $142,284 |
| Net Land, buildings, and equipment | $5,533,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,670 |
| Total assets | $9,933,620 |
| Accounts payable and accrued expenses | $2,104,206 |
| Grants payable | $0 |
| Deferred revenue | $845,571 |
| 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 | $2,923,968 |
| Other liabilities | $22,052 |
| Total liabilities | $5,895,797 |
| Net assets without donor restrictions | $4,037,823 |
| 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 | $9,933,620 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kai Ming Inc has recieved totaling $110.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |
La Jolla Country Day School La Jolla, CA | $114,865,046 | $46,001,052 |
Sierra Canyon High School Foundation Chatsworth, CA | $85,774,367 | $48,990,674 |
Mid-Pacific Institute Honolulu, HI | $101,803,937 | $45,053,597 |
St Margaret Of Scotland Episcopal School San Juan Capistrano, CA | $134,064,500 | $40,914,385 |
Polytechnic School Pasadena, CA | $171,943,339 | $44,872,252 |
Robert Louis Stevenson School Pebble Beach, CA | $122,648,077 | $40,501,209 |
Head-Royce School Oakland, CA | $139,836,677 | $50,710,547 |
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
San Domenico School San Anselmo, CA | $70,945,076 | $41,031,926 |
Alexander Dawson Foundation Las Vegas, NV | $318,582,392 | $50,508,481 |
Buckley School Sherman Oaks, CA | $161,147,758 | $37,463,452 |