Civic Intelligence

Hmong Education Reform Company

990 • Fiscal year 2016 • EIN 20-4244605

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 17, 2017

Organization ProfileN/A
1515 Brewster StreetSt Paul, MN 55108

(651) 332-8560

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

13.34x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

21st percentile

-6.8%

Higher net margin than 21% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

18th percentile

$83,357

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

38th percentile

-0.6%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

33rd percentile

-2.5%

Faster revenue growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$23,363,168

Down $134,196 (-0.6%) from 2015

Net Assets

Down

-$2,847,907

Down $133,754 (-4.9%) from 2015

Liabilities

Down

$26,211,075

Down $442 (-0.0%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin21st percentile

Revenue

Down

$1,965,185

Down $50,129 (-2.5%) from 2015

Expenses

Down

$2,098,939

Down $11,330 (-0.5%) from 2015

Net Income

Down

-$133,754

Down $38,799 (-41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$100M$50M$0-$50MAssets 2011: $8,959,561Liabilities 2011: $9,823,032Net Assets 2011: -$863,4712011Assets 2012: $9,271,047Liabilities 2012: $10,101,465Net Assets 2012: -$830,4182012Assets 2013: $28,559,308Liabilities 2013: $29,546,526Net Assets 2013: -$987,2182013Assets 2014: $23,772,214Liabilities 2014: $26,391,412Net Assets 2014: -$2,619,1982014Assets 2015: $23,497,364Liabilities 2015: $26,211,517Net Assets 2015: -$2,714,1532015Assets 2016: $23,363,168Liabilities 2016: $26,211,075Net Assets 2016: -$2,847,9072016Assets 2017: $64,572,665Liabilities 2017: $70,176,609Net Assets 2017: -$5,603,9442017Assets 2018: $59,422,601Liabilities 2018: $65,402,560Net Assets 2018: -$5,979,9592018Assets 2019: $56,630,467Liabilities 2019: $62,888,060Net Assets 2019: -$6,257,5932019Assets 2020: $55,495,111Liabilities 2020: $62,802,070Net Assets 2020: -$7,306,9592020Assets 2021: $74,819,992Liabilities 2021: $78,204,223Net Assets 2021: -$3,384,2312021Assets 2022: $79,403,833Liabilities 2022: $80,483,696Net Assets 2022: -$1,079,8632022Assets 2023: $77,866,851Liabilities 2023: $79,402,616Net Assets 2023: -$1,535,7652023Assets 2024: $76,248,454Liabilities 2024: $78,095,632Net Assets 2024: -$1,847,1782024

Highlighted filing

2016

Assets$23,363,168
Liabilities$26,211,075
Net Assets-$2,847,907
Open 2016 Filing

Operations Trend

Revenue Growth33rd percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $828,4962011Revenue 2012: $908,402Expenses 2012: $875,349Net Income 2012: $33,0532012Expenses 2013: $994,2572013Revenue 2014: $1,710,368Expenses 2014: $2,096,599Net Income 2014: -$386,2312014Revenue 2015: $2,015,314Expenses 2015: $2,110,269Net Income 2015: -$94,9552015Revenue 2016: $1,965,185Expenses 2016: $2,098,939Net Income 2016: -$133,7542016Revenue 2017: $2,376,123Expenses 2017: $5,132,160Net Income 2017: -$2,756,0372017Revenue 2018: $3,919,447Expenses 2018: $4,295,462Net Income 2018: -$376,0152018Revenue 2019: $4,245,354Expenses 2019: $4,522,988Net Income 2019: -$277,6342019Revenue 2020: $4,464,368Expenses 2020: $5,513,734Net Income 2020: -$1,049,3662020Revenue 2021: $9,901,803Expenses 2021: $5,979,075Net Income 2021: $3,922,7282021Revenue 2022: $5,088,738Expenses 2022: $2,784,370Net Income 2022: $2,304,3682022Revenue 2023: $5,502,527Expenses 2023: $5,958,429Net Income 2023: -$455,9022023Revenue 2024: $5,548,214Expenses 2024: $5,859,627Net Income 2024: -$311,4132024

Highlighted filing

2016

Revenue$1,965,185
Expenses$2,098,939
Net Income-$133,754
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 17, 2017
Return Version
2015v3.0
Gross Receipts
$1,965,185
Mission and Program Overview

Mission

The corporation is organized and shall be operated exclusively in support of hmong college prep academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to hmong college prep academy.

Purchase, own, and construct a schoolhouse on real estate for lease to Hmong College Prep Academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,876,247$21,561,866▼ $314,381
Savings and Temporary Cash Investments$1,380,851$1,575,076▲ $194,225
Cash and Non-Interest-Bearing Accounts$240,266$226,226▼ $14,040
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Cap Stk Tr Prin Current Funds$-2,714,153$-2,847,907▼ $133,754
Total Assets$23,497,364$23,363,168▼ $134,196
Other Assets Total-$0-
Liabilities
Tax Exempt Bond Liabilities$25,186,988$25,005,713▼ $181,275
Other Liabilities$474,529$617,683▲ $143,154
Mortgage Notes Payable Secured by Investment Property$550,000$550,000→ $0
Accounts Payable and Accrued Expenses-$37,679-
Total Liabilities$26,211,517$26,211,075▼ $442
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,714,153$-2,847,907▼ $133,754
Total Liabilities and Net Assets / Fund Balance$23,497,364$23,363,168▼ $134,196

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,137,341$2,844,985$21,982,326
Land$2,012,161-$2,012,161
Equipment$141,559$299,194$440,753
Other Land Buildings$270,805-$270,805
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleOtherTotal
Dao LorBoard Chair$83,357$83,357
Maisian SchiumngBoard Member$3,000$3,000

Board Members and Trustees

NameTitle
Danny HangBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,965,160
Investment Income
$25
Other Revenue
$0
Change in Net Assets
$-133,754

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,965,185
Revenue Not Reported on Form 990
$19,784,611
Total Revenue per Audited Statements
$21,749,796
Total Revenue per Form 990
$1,965,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,098,939
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,414,063--$1,414,063
Depreciation Depletion$585,186--$585,186
Other Expenses-$69,538-$69,538
Fees for Services Accounting-$15,500-$15,500
Fees for Services Other-$12,578-$12,578
Occupancy$1,842--$1,842
Office Expenses-$232-$232
Total Functional Expenses$2,001,091$97,848$0$2,098,939

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,515,793
Expenses Not Reported on Form 990$18,002,040
Total Expenses per Form 990$2,098,939
Expenses per Audited Statements$1,513,753
Expenses Not Reported on Financial Statements$585,186
Other Expense Adjustments$585,186
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$471,229
Due to Hmong College Prep Academy$146,454

Bond Issues

BondIssuerIssuedIssue PricePurpose
BHRA of the City of St Pau2012-10-11$17,050,000To Aquire, Renovate & Equip
AHRA of the City of St Pau2006-09-29$8,483,250To Aquire, Renovate & Equip

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$17,050,000--$339,504
A$8,483,250--$169,665

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The Organization's sole member is Hmong College Prep Academy.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is reviewed in detail by the Treasurer. Once the Form 990 is compiled, it will be further reviewed and signed by the Board Chair.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization makes its governing documents and financial statements available to the public upon request. The Organization does not have a written conflict of interest policy at this time.”

Filing and Contact Details

Filer

Filer Name
Hmong Education Reform Company
EIN
20-4244605
Phone
6513328560
Address
1515 Brewster Street, St Paul, MN 55108

Signing Officer

Name
Cheng Fu Hang
Title
Board Chair
Signed
2017-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheng Fu Hang
Formed
2006
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
5

Preparer

Firm
Beltz Kes Darling & Associates
Address
22488 Chippendale Ave W, Farmington, MN 55024
Preparer
Theresa Kingsbury
Phone
6514632233
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Hmong College Prep Academy Revenues $19784611”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Hmong College Prep Academy Expenses $17546660 Capital Outlays $270805 Repayment of Bond Principal $180000 Change in Accrued Interest Expense $3300 Amortization of Bond Premium $1275”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Depreciation Expense $585186”

Raw XML AppendixShowing 400 of 495 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt037679
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Purchase, own, and construct a schoolhouse on real estate for lease to Hmong College Prep Academy.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Beltz Kes Darling Assoc
IRS990/BooksInCareOfDetail/PhoneNum06514632233
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt022488 Chippendale Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0Farmington
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055024
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-2714153
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-2847907
IRS990/CashNonInterestBearingGrp/BOYAmt0240266
IRS990/CashNonInterestBearingGrp/EOYAmt0226226
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt025
IRS990/CYOtherExpensesAmt02098939
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01965160
IRS990/CYRevenuesLessExpensesAmt0-133754
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02098939
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01965185
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0585186
IRS990/DepreciationDepletionGrp/TotalAmt0585186
IRS990/Desc0The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt02001091
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015500
IRS990/FeesForServicesAccountingGrp/TotalAmt015500
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt012578
IRS990/FeesForServicesOtherGrp/TotalAmt012578
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt08939
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0Dao Lor
IRS990/Form990PartVIISectionAGrp/PersonNm1Danny Hang
IRS990/Form990PartVIISectionAGrp/PersonNm2Maisian Schiumng
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt074418
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23000
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01965185
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01414063
IRS990/InterestGrp/TotalAmt01414063
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt025
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03144179
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021876247
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021561866
IRS990/LandBldgEquipCostOrOtherBssAmt024706045
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Corporation is organized and shall be operated exclusively in support of Hmong College Prep Academy and in particular, to purchase, own, and construct a public schoolhouse on real estate for lease to Hmong College Prep Academy.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0550000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0550000
IRS990/NetAssetsOrFundBalancesBOYAmt0-2714153
IRS990/NetAssetsOrFundBalancesEOYAmt0-2847907
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt01842
IRS990/OccupancyGrp/TotalAmt01842
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0232
IRS990/OfficeExpensesGrp/TotalAmt0232
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Loan Services/Trustee Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt069538
IRS990/OtherExpensesGrp/TotalAmt069538
IRS990/OtherLiabilitiesGrp/BOYAmt0474529
IRS990/OtherLiabilitiesGrp/EOYAmt0617683
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Cheng Fu Hang
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01965160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01965160
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt014
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02110269
IRS990/PYProgramServiceRevenueAmt02015300
IRS990/PYRevenuesLessExpensesAmt0-94955
IRS990/PYTotalExpensesAmt02110269
IRS990/PYTotalRevenueAmt02015314
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-133754
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01965160
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01380851
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01575076
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0641180277
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Hmong College Prep Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt019137341
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02844985
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021982326
IRS990ScheduleD/EquipmentGrp/BookValueAmt0141559
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0299194
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0440753
IRS990ScheduleD/ExpensesNotReportedAmt018002040
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0585186
IRS990ScheduleD/ExpensesSubtotalAmt01513753
IRS990ScheduleD/LandGrp/BookValueAmt02012161
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02012161
IRS990ScheduleD/OtherExpensesIncludedAmt018002040
IRS990ScheduleD/OtherExpensesNotIncludedAmt0585186
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0270805
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0270805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0471229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1146454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Hmong College Prep Academy
IRS990ScheduleD/OtherRevenueAmt019784611
IRS990ScheduleD/RevenueNotReportedAmt019784611
IRS990ScheduleD/RevenueSubtotalAmt01965185
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Hmong College Prep Academy Revenues $19784611
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Hmong College Prep Academy Expenses $17546660 Capital Outlays $270805 Repayment of Bond Principal $180000 Change in Accrued Interest Expense $3300 Amortization of Bond Premium $1275
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Depreciation Expense $585186
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021561866
IRS990ScheduleD/TotalExpensesPerForm990Amt02098939
IRS990ScheduleD/TotalLiabilityAmt0617683
IRS990ScheduleD/TotalRevenuePerForm990Amt01965185
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021749796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019515793
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1true
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Schedule K, Part I, Bond Issues: (A) Issuer Name: HRA of the City of Saint Paul, Minnesota(F) Description of Purpose: To Acquire, Renovate and Equip a new school building.(A) Issuer Name: HRA of the City of Saint Paul, Minnesota(F) Description of Purpose: To Acquire, Renovate and Equip a new school building.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02006-09-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12012-10-11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416005521
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1521440935
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum079289TCH3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1852297AHE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt08483250
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt117050000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0HRA of the City of St Pau
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1HRA of the City of St Pau
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0To Aquire, Renovate & Equip
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1To Aquire, Renovate & Equip
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07695006
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt115539166
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt01171330
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0618579
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0169665
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1339504
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08483250
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt117050000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's sole member is Hmong College Prep Academy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed in detail by the Treasurer. Once the Form 990 is compiled, it will be further reviewed and signed by the Board Chair.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its governing documents and financial statements available to the public upon request. The Organization does not have a written conflict of interest policy at this time.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Hmong College Prep Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0651180277
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,363,168
Liabilities
$26,211,075
Net assets
-$2,847,907
Revenue
$1,965,185
Expenses
$2,098,939
Net income
-$133,754
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$76.2$78.1$1.85$5.55$5.86$0.31
2023Detailed filing. Detailed filing data is available for this year.$77.9$79.4$1.54$5.50$5.96$0.46
2022Detailed filing. Detailed filing data is available for this year.$79.4$80.5$1.08$5.09$2.78$2.30
2021Detailed filing. Detailed filing data is available for this year.$74.8$78.2$3.38$9.90$5.98$3.92
2020Detailed filing. Detailed filing data is available for this year.$55.5$62.8$7.31$4.46$5.51$1.05
2019Detailed filing. Detailed filing data is available for this year.$56.6$62.9$6.26$4.25$4.52$0.28
2018Detailed filing. Detailed filing data is available for this year.$59.4$65.4$5.98$3.92$4.30$0.38
2017Detailed filing. Detailed filing data is available for this year.$64.6$70.2$5.60$2.38$5.13$2.76
2016Detailed filing. Detailed filing data is available for this year.$23.4$26.2$2.85$1.97$2.10$0.13
2015Detailed filing. Detailed filing data is available for this year.$23.5$26.2$2.71$2.02$2.11$0.09
2014Detailed filing. Detailed filing data is available for this year.$23.8$26.4$2.62$1.71$2.10$0.39
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.6$29.5$0.99$0.99
2012Summary only. Only limited summary data is available for this year.$9.27$10.1$0.83$0.91$0.88$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.96$9.82$0.86$0.83