Viswise Academy Inc
- Assets
- $26.5k
- Revenue
- $608.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-2331341
Organization Overview
Viswise Academy Inc is located in Scarsdale, NY. 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. Viswise Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE HIGH-QUALITY, TAILORED ONLINE COURSES TO HELP YOUNGER GENERATIONS BUILD A STRONG FOUNDATION FOR LIFELONG CAREER SUCCESS AND HAPPINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPED A FULL CURRICULUM FOR PERSONAL FINANCE AND YOUTH INVESTMENT. IT PROVIDED ONLINE COACHING AND TEACHING FOR DIFFERENT AGE GROUPS. THERE WERE OVER 100 STUDENT ONLINE AND TAKING CLASSES. THERE ARE ABOUT MORE THAN 10 TEAMS WHO JOINED THE WHARTON GLOBAL HIGH SCHOOL INVESTMENT COMPETITION. THERE WERE SIX THOUSAND TEAMS GLOBALLY AND OUR TWO TEAMS OF OUR STUDENTS BROKE INTO TOP 50 AND 1 TEAM WON THE GLOBAL CHAMPION. OUR STUDENTS INITIALIZED A LOT OF FREE FINANCING AND INVESTMENT CLASSES AT THEIR LOCAL SCHOOLS TO SPREAD KNOWLEDGE WHICH HAD A SIGNIFICANT SOCIAL IMPACT. MORE STUDENTS FROM MIDDLE SCHOOL AND HIGH SCHOOL ARE INCREASING THEIR AWARENESS FOR BUDGETING AND FINANCE WHICH HELP THEM MANAGE THEIR MONEY AND PERSONAL FINANCE FOR THEIR LIFE.
YOUTH INNOVATION AND ENTREPRENEURSHIP BOOT CAMP. VISWISE ACADEMY ALSO LAUNCHED THIS CAMP OVER THE SUMMER AT A LOCAL HIGH SCHOOL IN NEW YORK STATE. IT ATTRACTED MORE THAN 100 MIDDLE SCHOOL & HIGH SCHOOL STUDENTS. OUR SUMMER CAMP IS DESIGNED TO PROVIDE A DYNAMIC AND IMMERSIVE LEARNING EXPERIENCE. WE OFFER A DIVERSE RANGE OF WORKSHOPS AND SPEAKERS, COVERING EVERYTHING FROM PERSONAL FINANCE TO BUSINESS STRATEGY, LED BY PROFESSIONALS FROM A VARIETY OF INDUSTRIES. THROUGH HANDS-ON TEAM PROJECTS AND CHALLENGES, TEENS WILL DEVELOP VALUABLE LEADERSHIP AND PROBLEM-SOLVING SKILLS. ON THE FINAL DAY OF CAMP, TEENS WILL HAVE THE OPPORTUNITY TO PITCH AN ORIGINAL, VIABLE BUSINESS IDEA TO A PANEL OF INVESTORS AND EXECUTIVES, WHO WILL PROVIDE FEEDBACK AND GUIDANCE. THROUGHOUT THE PROGRAM, OUR STAFF PROVIDES A SUPPORTIVE AND SAFE ENVIRONMENT, WHILE ALSO ENCOURAGING AUTONOMY AND INDEPENDENCE AMONG PARTICIPANTS.
CAREER DEVELOPMENT & LEADERSHIP COACHING WORKSHOPS. WE INVITE MANY SPEAKERS AND COACHES WHICH PROVIDED ONE TO ONE INTERACTIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaohong Huang Board Chairman | Trustee | 10 | $0 |
Allison Zhao Board Member | Officer | 1 | $0 |
Rachel Yang Secretary | Officer | 2 | $0 |
Monica Orellana Chief Financial Officer | Officer | 2 | $0 |
Chris Yao President | Officer | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $608,724 |
| 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 | $608,724 |
| 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 | $520,192 |
| Fees for services: Legal | $275 |
| Fees for services: Accounting | $4,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $657 |
| Office expenses | $27,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,701 |
| 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 | $30,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $250 |
| Total functional expenses | $586,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,461 |
| 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 | $26,461 |
| 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 | $26,461 |
| 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 | $26,461 |