Raleigh Academy Of Chinese Language
- Assets
- $437.1k
- Revenue
- $143.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 58-2190391
Organization Overview
Raleigh Academy Of Chinese Language is located in Raleigh, NC. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Academy Of Chinese Language 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, Raleigh Academy Of Chinese Language generated $143.0k 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 (9.1%) each year. All expenses for the organization totaled $108.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) 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
PROVIDES SATURDAY CHINESE LANGUAGE CLASSES TO ABOUT 350 STUDENTS IN K-10 AND ADULT CLASSES. ALSO PROVIDES ACTIVITY CLASSES IN DANCING, ART, CHESS, MATH, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANGUAGE PROGRAM
ACTIVITY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wenzhi Li Principal | Officer | 10 | $0 |
Fang Guo Vice Principal | Officer | 6 | $0 |
Shiraiwa Toby Pta President | Officer | 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 | $13,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,600 |
| Total Program Service Revenue | $129,354 |
| Investment income | $59 |
| 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 | $143,013 |
| 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. | $92,726 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,500 |
| Office expenses | $9,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,975 |
| All other expenses | $150 |
| Total functional expenses | $108,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,062 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,062 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $437,062 |
| 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 | $437,062 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Raleigh Academy Of Chinese Language has recieved totaling $15,900.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,556 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $344 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Independent Colleges & Universities Benefits Association Inc Orlando, FL | $55,882,543 | $98,817,940 |
Orange County School Readiness Coalition Orlando, FL | $11,104,395 | $96,605,427 |
Early Learning Coalition Of Duval Inc Jacksonville, FL | $11,680,730 | $96,132,351 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Randolph-Macon College Ashland, VA | $426,120,167 | $119,204,346 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |