Hope Chinese School Inc
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 52-1906647
Organization Overview
Hope Chinese School Inc is located in Rockville, MD. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Chinese School 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 12/2023, Hope Chinese School Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. 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
LANGUAGE TRAINING & CULTURE EXCHANGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE CHINESE SCHOOL, INC OPENS 6 CAMPUSES IN MARYLAND AND VIRGINIA AS WELL AS ONLINE CLASSES. IN 2023, THERE WERE ABOUT 325 CHINESE CLASSES IN 14 GRADE LEVELS. THE CLASSES ARE TAUGHT EACH WEEKEND FOR 2 HOURS FOLLOWED BY 1-2 HOURS CULTURE CLASSES. THE 2023 FALL ENROLLMENT WAS ABOUT 4,300. BESIDES LANGUAGE CLASSES, THERE WERE MORE THAN 310 ELECTIVE CULTURE CLASSES FOR LOCAL COMMUNITY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lijuan Su Principaldirector | OfficerTrustee | 10 | $1,000 |
Wenjia Li Director | Trustee | 6 | $0 |
Grace Cao Director | Trustee | 6 | $0 |
Dong Chen Director | Trustee | 6 | $0 |
Jinghua Lu Director | Trustee | 6 | $0 |
Zhigang Pan Director | Trustee | 6 | $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 | $5,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,120 |
| Total Program Service Revenue | $1,203,612 |
| Investment income | $35,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,243,940 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,775 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,400 |
| Office expenses | $8,397 |
| Information technology | $11,022 |
| Royalties | $0 |
| Occupancy | $284,521 |
| 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 | $5,064 |
| Insurance | $1,070 |
| All other expenses | $27,339 |
| Total functional expenses | $1,146,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,987 |
| Savings and temporary cash investments | $1,735,029 |
| Pledges and grants receivable | $0 |
| 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 | $13,766 |
| Prepaid expenses and deferred charges | $9,382 |
| Net Land, buildings, and equipment | $6,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,516,988 |
| Accounts payable and accrued expenses | $2,050 |
| Grants payable | $0 |
| Deferred revenue | $298,528 |
| 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 | $22,303 |
| Total liabilities | $322,881 |
| Net assets without donor restrictions | $0 |
| 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 | $2,194,107 |
| Total liabilities and net assets/fund balances | $2,516,988 |