Sun Ray Chinese School Inc
- Assets
- $1.4m
- Revenue
- $143.6k
- Investments
- $356.0k
- Employees
- 14
- Location
- Carrollton, TX
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 75-2227227
Organization Overview
Sun Ray Chinese School Inc is located in Carrollton, TX. The organization was established in 1988. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Sun Ray Chinese School Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun Ray 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, Sun Ray Chinese School Inc generated $143.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $232.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sun Ray Chinese School Inc has awarded 26 individual grants totaling $236,920. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EDUCATION IN CHINESE LANGUAGE AND CHINESE CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION IN CHINESE LANGUAGE AND CULTURE, MATH, ENGLISH, SAT AND OTHER ELECTIVES, SUCH AS, MARTIAL ARTS, TRADIONAL CHINESE DANCE, ART CLASS, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tzu-Chin Ko Fan Director/treasurer | OfficerTrustee | 40 | $0 |
Tingwhai Lee President | Officer | 10 | $0 |
Yu-Cheng Fan Secretary | Officer | 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 | $3,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,250 |
| Total Program Service Revenue | $133,659 |
| Investment income | $19,412 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,500 |
| 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 | $87,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,851 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,150 |
| Office expenses | $1,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,648 |
| 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 | $764 |
| Insurance | $1,895 |
| All other expenses | $4,872 |
| Total functional expenses | $232,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,248 |
| Savings and temporary cash investments | $111,654 |
| 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 | $4,152 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,336 |
| Investments—publicly traded securities | $855,872 |
| Investments—other securities | $356,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,990 |
| Total assets | $1,448,252 |
| 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 | $3,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,444,752 |
| Total liabilities and net assets/fund balances | $1,448,252 |
Grants Awarded
Over the last fiscal year, Sun Ray Chinese School Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PURE LAND BUDDHIST ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
FA YUN ARANYA PURPOSE: GENERAL SUPPORT | $10,000 |