Civic Intelligence

Yinghua Academy

990 • Fiscal year 2015 • EIN 20-1523055

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 02, 2016

Organization ProfileWWW.YINGHUAACADEMY.ORG
1616 Buchanan Street NEMinneapolis, MN 55413

(612) 788-9095

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.50x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$125,532

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

96th percentile

90%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

83rd percentile

27%

Faster revenue growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$2,700,165

Up $1,277,442 (+90%) from 2014

Net Assets

Down

-$799,796

Down $1,726,213 (-186%) from 2014

Liabilities

Up

$3,499,961

Up $3,003,655 (+605%) from 2014

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin72nd percentile

Revenue

Up

$6,971,308

Up $1,482,452 (+27%) from 2014

Expenses

Up

$6,063,203

Up $846,242 (+16%) from 2014

Net Income

Up

$908,105

Up $636,210 (+234%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,040,021Liabilities 2011: $456,838Net Assets 2011: $583,1832011Assets 2012: $1,501,505Liabilities 2012: $1,009,433Net Assets 2012: $492,0722012Assets 2013: $1,109,844Liabilities 2013: $455,322Net Assets 2013: $654,5222013Assets 2014: $1,422,723Liabilities 2014: $496,306Net Assets 2014: $926,4172014Assets 2015: $2,700,165Liabilities 2015: $3,499,961Net Assets 2015: -$799,7962015Assets 2016: $4,069,569Liabilities 2016: $4,181,174Net Assets 2016: -$111,6052016Assets 2017: $11,224,467Liabilities 2017: $12,258,004Net Assets 2017: -$1,033,5372017Assets 2018: $11,271,641Liabilities 2018: $13,866,303Net Assets 2018: -$2,594,6622018Assets 2019: $9,842,116Liabilities 2019: $11,179,592Net Assets 2019: -$1,337,4762019Assets 2020: $8,116,150Liabilities 2020: $10,366,262Net Assets 2020: -$2,250,1122020Assets 2021: $6,639,142Liabilities 2021: $9,614,071Net Assets 2021: -$2,974,9292021Assets 2022: $6,729,014Liabilities 2022: $9,493,914Net Assets 2022: -$2,764,9002022Assets 2023: $6,381,707Liabilities 2023: $8,186,057Net Assets 2023: -$1,804,3502023Assets 2024: $6,203,285Liabilities 2024: $7,466,630Net Assets 2024: -$1,263,3452024

Highlighted filing

2015

Assets$2,700,165
Liabilities$3,499,961
Net Assets-$799,796
Open 2015 Filing

Operations Trend

Revenue Growth83rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,588,3212011Expenses 2012: $4,265,7182012Revenue 2013: $4,974,461Expenses 2013: $4,812,011Net Income 2013: $162,4502013Revenue 2014: $5,488,856Expenses 2014: $5,216,961Net Income 2014: $271,8952014Revenue 2015: $6,971,308Expenses 2015: $6,063,203Net Income 2015: $908,1052015Revenue 2016: $8,003,207Expenses 2016: $7,315,016Net Income 2016: $688,1912016Revenue 2017: $8,986,754Expenses 2017: $9,908,686Net Income 2017: -$921,9322017Revenue 2018: $8,990,453Expenses 2018: $10,551,578Net Income 2018: -$1,561,1252018Revenue 2019: $9,485,257Expenses 2019: $9,401,286Net Income 2019: $83,9712019Revenue 2020: $9,378,478Expenses 2020: $9,662,351Net Income 2020: -$283,8732020Revenue 2021: $9,261,257Expenses 2021: $9,458,873Net Income 2021: -$197,6162021Revenue 2022: $10,037,183Expenses 2022: $9,901,229Net Income 2022: $135,9542022Revenue 2023: $10,700,019Expenses 2023: $10,317,404Net Income 2023: $382,6152023Revenue 2024: $11,363,731Expenses 2024: $11,121,817Net Income 2024: $241,9142024

Highlighted filing

2015

Revenue$6,971,308
Expenses$6,063,203
Net Income$908,105
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$6,971,308
Mission and Program Overview

Mission

SEE PART I, LINE 1

To prepare our students to be engaged & productive global citizens by providing a research-based educational program that includes rigorous academic program, immersion in chinese language & culture, and a nurturing & supportive school environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$49,427$730,218▲ $680,791
Savings and Temporary Cash Investments$451,389$589,079▲ $137,690
Cash and Non-Interest-Bearing Accounts$140,547$305,364▲ $164,817
Land, Buildings, and Equipment, Net$216,220$265,526▲ $49,306
Pd in Cap Srpls Land Bldg Eqp Fund$216,220$265,526▲ $49,306
Accounts Receivable$470,308$219,177▼ $251,131
Prepaid Expenses and Deferred Charges$94,832$99,076▲ $4,244
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$710,197$-1,065,322▼ $1,775,519
Total Assets$1,422,723$2,700,165▲ $1,277,442
Other Assets Total$0$491,725▲ $491,725
Liabilities
Other Liabilities$0$3,061,485▲ $3,061,485
Accounts Payable and Accrued Expenses$459,906$410,966▼ $48,940
Deferred Revenue$36,400$27,510▼ $8,890
Total Liabilities$496,306$3,499,961▲ $3,003,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$926,417$-799,796▼ $1,726,213
Total Liabilities and Net Assets / Fund Balance$1,422,723$2,700,165▲ $1,277,442

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$259,711$248,498$508,209
Leasehold Improvements$5,815$2,492$8,307
Other Assets Org$491,725--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan BergExecutive DirectorFT$108,139$17,393$125,532
Jan KleinmanSecretaryFT$21,575$1,567$23,142

Board Members and Trustees

NameTitle
Karen LuChairperson
Dr Rosemary LawrenceMember
Emily HansonMember
Jen ShadowensMember
Sarah WhitingMember
Scott JaxMember
Seth WernerMember
Suzanne ReiderMember
Walter GraffMember
Denny GrubishTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,275,703
Program Service Revenue
$687,124
Investment Income
$2,379
Other Revenue
$6,102
All Other Contributions
$179,827
Change in Net Assets
$908,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,187,338
Other Expenses$2,875,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,373,851$75,564-$2,449,415
Occupancy$1,133,655$2,912-$1,136,567
Office Expenses$337,730$115,883-$453,613
Fees for Services Other$269,695$170,886-$440,581
Payroll Taxes$188,448$53,879-$242,327
Other Employee Benefits$188,776$11,088-$199,864
Current Officers, Directors, Trustees, and Key Employees$24,026$129,580-$153,606
Pension Plan Contributions$138,711$3,415-$142,126
Other Expenses$97,765$265-$98,030
Depreciation Depletion$50,998$4,996-$55,994
Travel$39,421$574-$39,995
Insurance$1,520$32,971-$34,491
All Other Expenses$10,641$8,421-$19,062
Information Technology$2,030$16,364-$18,394
Total Functional Expenses$5,431,337$631,866$0$6,063,203
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gasb 68 Net Pension Liability and Deferred Inflows$3,061,485
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Each parent and legal guardian of a child enrolled at the school and each employee of the school shall have the right to exercise one vote for its board candidates.”

Form 990, Part VI, Section B, Line 11

“The board of directors reviews the form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Yinghua board members sign an annual conflict of interest statement each year (new & incoming). The statments are provided to yinghua's authorizer, friends of education, for review. Any concerns are vetted back with the yinghua board. Corrective actions could include members recusing themselves from discussion or voting when there is a perceived conflict of interest up to a board member resigning.”

Form 990, Part VI, Section B, Line 15

“Comparable salaries for charter school executive directors are reviewed by the board. Additionally, the exective director is scored by rubric in order to determine compensation increases.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interes policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Yinghua Academy
EIN
20-1523055
Phone
6127889095
Address
1616 BUCHANAN STREET NE, MINNEAPOLIS, MN 55413

Signing Officer

Name
Karen Lu
Title
Board Chair
Phone
6127889095
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Lu
Formed
2004
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
10
Employees
106
Volunteers
350

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4423
Preparer
Matthew L Mayer CPA
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in accounting principle -2,634,318.”

FORM 990, PART XII, LINE 2C:

“The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The academy is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The academy has determined there are not amounts to record as assets or liabilities related to uncertain tax positions. Generally, the academy is no longer subject to examination by tax authorities for year before 2012.”

Raw XML AppendixShowing 400 of 509 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO PREPARE OUR STUDENTS TO BE ENGAGED & PRODUCTIVE GLOBAL CITIZENS BY PROVIDING A RESEARCH-BASED EDUCATIONAL PROGRAM THAT INCLUDES RIGOROUS ACADEMIC PROGRAM, IMMERSION IN CHINESE LANGUAGE & CULTURE, AND A NURTURING & SUPPORTIVE SCHOOL ENVIRONMENT.
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IRS990/Desc0THE STRATALK FUNDED PROGRAM AT YINGHUA ACADEMY INCLUDED A STUDENT CHINESE IMMERSION SUMMER CAMP AND A TEACHER TRAINING PROGRAM. THE THREE-WEEK "CHINESE LANGUAGE, LEADERSHIP, AND TECHNOLOGY CAMP" SERVED 20 STUDENTS IN GRADES 6 THROUGH 9. THE THREE-WEEK IMPACT (IMMERSION MANDARIN PROFESSIONALS ACQUIRE COACHING AND TRAINING) PROGRAM PROVIDED TEACHER PROFESSIONAL DEVELOPMENT, EXPERIENTIAL INTERNSHIP, AND MENTORING TO 15 NEW AND NOVICE CHINESE IMMERSION TEACHERS.
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, LINE 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0926417
IRS990/NetAssetsOrFundBalancesEOYAmt0-799796
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02912
IRS990/OccupancyGrp/ProgramServicesAmt01133655
IRS990/OccupancyGrp/TotalAmt01136567
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0115883
IRS990/OfficeExpensesGrp/ProgramServicesAmt0337730
IRS990/OfficeExpensesGrp/TotalAmt0453613
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0491725
IRS990/OtherChangesInNetAssetsAmt0-2634318
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011088
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0188776
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0199864
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2FOOD SERVICE
IRS990/OtherExpensesGrp/Desc3REPAIR & MAINT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05068
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1265
IRS990/OtherExpensesGrp/ProgramServicesAmt0217897
IRS990/OtherExpensesGrp/ProgramServicesAmt1208670
IRS990/OtherExpensesGrp/ProgramServicesAmt2147503
IRS990/OtherExpensesGrp/ProgramServicesAmt397765
IRS990/OtherExpensesGrp/TotalAmt0217897
IRS990/OtherExpensesGrp/TotalAmt1208670
IRS990/OtherExpensesGrp/TotalAmt2152571
IRS990/OtherExpensesGrp/TotalAmt398030
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt03061485
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06102
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06102
IRS990/OtherRevenueTotalAmt06102
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075564
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02373851
IRS990/OtherSalariesAndWagesGrp/TotalAmt02449415
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt053879
IRS990/PayrollTaxesGrp/ProgramServicesAmt0188448
IRS990/PayrollTaxesGrp/TotalAmt0242327
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0216220
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0265526
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03415
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0138711
IRS990/PensionPlanContributionsGrp/TotalAmt0142126
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt049427
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0730218
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt094832
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt099076
IRS990/PrincipalOfficerNm0KAREN LU
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3722210
IRS990/ProgramServiceRevenueGrp/Desc0OTHER ACTIVITIES FEES
IRS990/ProgramServiceRevenueGrp/Desc1COMM ED CLASSES FEES
IRS990/ProgramServiceRevenueGrp/Desc2COMM ED DAYCARE FEES
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0191280
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1174234
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2165728
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3155882
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0191280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1174234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2165728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3155882
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04932202
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01824
IRS990/PYOtherExpensesAmt01986581
IRS990/PYOtherRevenueAmt06687
IRS990/PYProgramServiceRevenueAmt0548143
IRS990/PYRevenuesLessExpensesAmt0271895
IRS990/PYSalariesCompEmpBnftPaidAmt03230380
IRS990/PYTotalExpensesAmt05216961
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05488856
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0908105
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0693226
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0451389
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0589079
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0259711
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0248498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0508209
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05815
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02492
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08307
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0491725
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0GASB 68 DEFERRED OUTFLOW
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03061485
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GASB 68 NET PENSION LIABILITY AND DEFERRED INFLOWS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. GENERALLY, THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEAR BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0265526
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0491725
IRS990ScheduleD/TotalLiabilityAmt03061485
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS COMMUNICATED THROUGH THE MATERIAL MAILED TO FAMILIES WITH SCHOOL AGE CHILDREN.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A MINNESOTA PUBLIC CHARTER SCHOOL, THE SCHOOL RECIEVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH PARENT AND LEGAL GUARDIAN OF A CHILD ENROLLED AT THE SCHOOL AND EACH EMPLOYEE OF THE SCHOOL SHALL HAVE THE RIGHT TO EXERCISE ONE VOTE FOR ITS BOARD CANDIDATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YINGHUA BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT EACH YEAR (NEW & INCOMING). THE STATMENTS ARE PROVIDED TO YINGHUA'S AUTHORIZER, FRIENDS OF EDUCATION, FOR REVIEW. ANY CONCERNS ARE VETTED BACK WITH THE YINGHUA BOARD. CORRECTIVE ACTIONS COULD INCLUDE MEMBERS RECUSING THEMSELVES FROM DISCUSSION OR VOTING WHEN THERE IS A PERCEIVED CONFLICT OF INTEREST UP TO A BOARD MEMBER RESIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABLE SALARIES FOR CHARTER SCHOOL EXECUTIVE DIRECTORS ARE REVIEWED BY THE BOARD. ADDITIONALLY, THE EXECTIVE DIRECTOR IS SCORED BY RUBRIC IN ORDER TO DETERMINE COMPENSATION INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERES POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN ACCOUNTING PRINCIPLE -2,634,318.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0YINGHUA ACADEMY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1YBC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0273698579
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1263655173
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,700,165
Liabilities
$3,499,961
Net assets
-$799,796
Revenue
$6,971,308
Expenses
$6,063,203
Net income
$908,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$7.47$1.26$11.4$11.1$0.24
2023Summary only. Only limited summary data is available for this year.$6.38$8.19$1.80$10.7$10.3$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.73$9.49$2.76$10.0$9.90$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.64$9.61$2.97$9.26$9.46$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.12$10.4$2.25$9.38$9.66$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.84$11.2$1.34$9.49$9.40$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$13.9$2.59$8.99$10.6$1.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$12.3$1.03$8.99$9.91$0.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$4.18$0.11$8.00$7.32$0.69
2015Detailed filing. Detailed filing data is available for this year.$2.70$3.50$0.80$6.97$6.06$0.91
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.50$0.93$5.49$5.22$0.27
2013Summary only. Only limited summary data is available for this year.$1.11$0.46$0.65$4.97$4.81$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$1.01$0.49$4.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.46$0.58$3.59
Peer Organizations

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