Tian Yue Academy Of The Arts
- Assets
- $797.9k
- Revenue
- $481.2k
- Investments
- $0.0
- Employees
- 11
- Location
- North Reading, MA
- Founding
- 11/2012
- Data as of
- 06/2022
- EIN
- 80-0714915
Organization Overview
Tian Yue Academy Of The Arts is located in North Reading, MA. The organization was established in 2012. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Tian Yue Academy Of The Arts employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tian Yue Academy Of The Arts 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 06/2022, Tian Yue Academy Of The Arts generated $481.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $443.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND TEACHING CLASSICAL CHINESE DANCE TO REVIVE THE TRADITIONAL CHINESE CULTURE. PROVIDING EXTRA CURRICULUM PROGRAMS TO OTHER ENTITIES TO ENRICH STUDENT'S CULTURE EXPERIENCE AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER PROGRAM: THE SUMMER CHINESE LANGUAGE PROGRAM CONSISTS OF NINE WEEKLY SESSIONS IN JULY AND AUGUST. THE PROGRAM EMPHASIZES ON THE DEVELOPMENT OF CHINESE LANGUAGE THROUGH STUDENT-CENTERED REAL-LIFE LANGUAGE PERFORMANCE AND CULTURAL ACTIVITIES. STUDENTS DISCOVER AND EXPLORE THE FUN AND PLEASURE OF UNDERSTANDING AND MASTERING THE CHINESE LANGUAGE. FOR EACH WEEKLY SESSION, STUDENTS WERE TAUGHT CHINESE CULTURE AND LANGUAGE ARTS IN THE MORNING, AND VARIETY OF ACTIVITIES SUCH AS CHINESE DANCE, MARTIAL ARTS, CALLIGRAPHY, SCIENCE, SPORTS, AND/OR ARTS AND CRAFTS IN THE AFTERNOON FROM MONDAY THROUGH THURSDAY. THE CHINESE DANCE PROGRAM WAS INTEGRATED WITH CULTURAL ACTIVITIES IN THE AFTERNOON SESSION. ON FRIDAY, STUDENTS PARTICIPATE IN A DAYLONG FIELD TRIP FOR SUMMER FUN. IN FY2022, THE MAJOR PROGRAM WAS AVAILABLE IN-PERSON, A FEW ON-LINE CLASSES WERE OPENED UPON REQUEST BY PARENTS. SUMMER PROGRAM SERVED 112 STUDENTS IN THE SUMMER OF 2021.
AFTER SCHOOL PROGRAMS: THE AFTER-SCHOOL PROGRAM PROVIDES SUPERVISION, CARE AND ACTIVITIES FOR SCHOOL AGE CHILDREN AFTER THE REGULAR SCHOOL DAY. THE PROGRAM FOLLOWS THE LOCAL PUBLIC SCHOOL CALENDAR AND IS NOT OPEN ON THOSE DAYS THAT A GIVEN SCHOOL SYSTEM IS CLOSED, INCLUDING ANNOUNCED SNOW DAYS. THE PROGRAM IS AVAILABLE FOR AN ADDITIONAL FEES ON CERTAIN HOLIDAYS AND DURING WINTER AND SPRING VACATIONS BASED UPON NEEDS. THIS PROGRAM PROVIDES TUTORING SERVICES FOR PARTICIPANTS TO LEARN AND PRACTICE CHINESE AS WELL AS REGULAR SCHOOL HOMEWORK SUCH AS ENGLISH AND MATHEMATICS. OTHER ENRICHMENT COURSES SUCH AS CHINESE STORY TELLING, ARTS, AND CRAFTS, AND OUTDOOR ACTIVITIES ARE ALSO PROVIDED BY THIS PROGRAM. THIS PROGRAM PROVIDED BOTH IN-PERSON CLASSES AS WELL AS ON-LINE SERVICES UPON REQUESTED BY CERTAIN PARENTS. IN THE FY2022. A TOTAL OF 104 STUDENTS HAD BEEN SERVED BY THIS AFTER SCHOOL PROGRAM IN FY2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Wang Director Of After School Program | Officer | 20 | $47,817 |
Manhui Liu Treasurer | Trustee | 1 | $0 |
Sunling Liew Clerk | Trustee | 1 | $0 |
Annie Wang President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,431 |
| Total Program Service Revenue | $341,798 |
| Investment income | $0 |
| 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 | $481,229 |
| 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. | $47,817 |
| Compensation of current officers, directors, key employees. | $47,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $570 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,351 |
| Advertising and promotion | $11,400 |
| Office expenses | $19,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,671 |
| 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 | $1,785 |
| Insurance | $4,308 |
| All other expenses | $0 |
| Total functional expenses | $443,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,310 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,876 |
| Accounts payable and accrued expenses | $107,209 |
| Grants payable | $0 |
| Deferred revenue | $116,939 |
| 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 | $1,192 |
| Total liabilities | $225,340 |
| Net assets without donor restrictions | $572,536 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $797,876 |