The Li-Ming Chinese Academy is located in Gaithersburg, MD. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Li-Ming Chinese Academy employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Li-Ming Chinese Academy 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 06/2021, Li-Ming Chinese Academy generated $125.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $99.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE SCHOOL OFFER CHINESE LANGUAGE CLASSES TO CHILDREN FROM AGE 3 TO 18 YEARS. THIS IS THE PRIMARY FUNCTION OF THE ORGANIZATION, OTHER NONCLASSROOM ACTIVITIES ARE CARRIED OUT FOR THE PURPOSES OF FACILITATING THE TEACHING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Poching Liu Member | 2 | $0 | |
Yi-Ching Lee Treasurer | 2 | $0 | |
Che-Chun Wang Secretary | 2 | $0 | |
Ted Hsieh Member | 2 | $0 | |
Sandra Jeng Member | 2 | $0 | |
Janey Hsiao Member | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,513 |
Total Program Service Revenue | $123,609 |
Membership dues | $0 |
Investment income | $571 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | -$552 |
Other Revenue | $0 |
Total Revenue | $125,141 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $83,236 |
Professional fees and other payments to independent contractors | $166 |
Occupancy, rent, utilities, and maintenance | $1,683 |
Printing, publications, postage, and shipping | $65 |
Other expenses | $14,478 |
Total expenses | $99,628 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $303,062 |
Other assets | $0 |
Total assets | $308,543 |
Total liabilities | $121,457 |
Net assets or fund balances | $187,086 |
Over the last fiscal year, we have identified 1 grants that The Li-Ming Chinese Academy has recieved totaling $292.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $292 |
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