Hope Chinese School Inc
- Assets
- $2.1m
- Revenue
- $928.6k
- Investments
- $0.0
- Employees
- 0
- Location
- North Potomac, MD
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 52-1906647
Organization Overview
Hope Chinese School Inc is located in North Potomac, 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 12/2021, Hope Chinese School Inc generated $928.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $805.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 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
2021
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 8 CAMPUSES IN MARYLAND AND VIRGINIA. IN 2021, 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 2021 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 |
|---|---|---|---|
Hongliang Zhang Vice Chairmandirector | OfficerTrustee | 8 | $0 |
Xiaochun Lei Deanvice Chairmandirector | OfficerTrustee | 8 | $0 |
Baoxian Zhao Principaldirector | OfficerTrustee | 10 | $0 |
Yongge Zhao Principaldirector | OfficerTrustee | 10 | $0 |
Sheng Liu Secretaryvice Chairmandirec | OfficerTrustee | 8 | $0 |
Weiping Chen Chairmanpresident | OfficerTrustee | 10 | $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 | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400 |
| Total Program Service Revenue | $927,971 |
| Investment income | $1,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,402 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $928,599 |
| 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 | $0 |
| 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 | $1,250 |
| Office expenses | $6,431 |
| Information technology | $3,132 |
| Royalties | $0 |
| Occupancy | $14,415 |
| 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 | $7,250 |
| Insurance | $235 |
| All other expenses | $9,951 |
| Total functional expenses | $805,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $847,206 |
| Savings and temporary cash investments | $1,273,627 |
| 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 | $12,586 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,145,252 |
| Accounts payable and accrued expenses | $4,061 |
| Grants payable | $0 |
| Deferred revenue | $113,200 |
| 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 | $22,038 |
| Total liabilities | $139,299 |
| 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 | $2,005,953 |
| Total liabilities and net assets/fund balances | $2,145,252 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Chinese School Inc has recieved totaling $280.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Georgetown Day School Inc Washington, DC | $314,406,579 | $96,635,135 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |