Civic Intelligence

Verbiest College Inc

EIN 20-4941618 • 501(c)3 • Chicago, IL

Profile

The purpose of the Beijing Center is to offer undergraduates and other students a comprehensive educational experience about China and its culture through classroom lectures, courses, on site visits, and immersion experiences.

625 N Michigan Ave STE 1705Chicago, IL 60611

www.thebeijingcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-84%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$7,550

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-95%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $163,597 (-100%) from 2021

Liabilities

Down

$0

Down $122,099 (-100%) from 2021

Net Assets

Down

$0

Down $41,498 (-100%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin11th percentile

Revenue

Down

$25,604

Down $493,428 (-95%) from 2021

Expenses

Down

$47,110

Down $483,705 (-91%) from 2021

Net Income

Down

-$21,506

Down $9,723 (-83%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,780,237Liabilities 2011: $468,277Net Assets 2011: $2,311,9602011Assets 2012: $2,995,000Liabilities 2012: $834,104Net Assets 2012: $2,160,8962012Assets 2013: $2,665,336Liabilities 2013: $390,261Net Assets 2013: $2,275,0752013Assets 2014: $2,820,295Liabilities 2014: $617,464Net Assets 2014: $2,202,8312014Assets 2015: $2,059,650Liabilities 2015: $300,480Net Assets 2015: $1,759,1702015Assets 2016: $1,908,919Liabilities 2016: $326,056Net Assets 2016: $1,582,8632016Assets 2017: $1,249,427Liabilities 2017: $324,518Net Assets 2017: $924,9092017Assets 2018: $662,040Liabilities 2018: $352,917Net Assets 2018: $309,1232018Assets 2019: $1,038,485Liabilities 2019: $696,486Net Assets 2019: $341,9992019Assets 2021: $163,597Liabilities 2021: $122,099Net Assets 2021: $41,4982021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $3,161,942Expenses 2011: $2,866,933Net Income 2011: $295,0092011Expenses 2012: $2,763,0812012Expenses 2013: $2,596,4652013Revenue 2014: $1,991,701Expenses 2014: $2,063,945Net Income 2014: -$72,2442014Revenue 2015: $1,773,904Expenses 2015: $2,018,439Net Income 2015: -$244,5352015Revenue 2016: $1,779,060Expenses 2016: $1,955,367Net Income 2016: -$176,3072016Revenue 2017: $1,383,962Expenses 2017: $2,041,916Net Income 2017: -$657,9542017Revenue 2018: $1,619,547Expenses 2018: $2,223,700Net Income 2018: -$604,1532018Revenue 2019: $2,055,617Expenses 2019: $2,022,741Net Income 2019: $32,8762019Revenue 2021: $519,032Expenses 2021: $530,815Net Income 2021: -$11,7832021Revenue 2022: $25,604Expenses 2022: $47,110Net Income 2022: -$21,5062022

Highlighted filing

2022

Revenue$25,604
Expenses$47,110
Net Income-$21,506
Open 2022 Filing

Filings

Most recent year

2022 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$25,604
Expenses
$47,110
Net income
-$21,506
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.03$0.05$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.12$0.04$0.52$0.53$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.70$0.34$2.06$2.02$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.35$0.31$1.62$2.22$0.60
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.32$0.92$1.38$2.04$0.66
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.33$1.58$1.78$1.96$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.30$1.76$1.77$2.02$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.82$0.62$2.20$1.99$2.06$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.39$2.28$2.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.00$0.83$2.16$2.76
2011Summary only. Only limited summary data is available for this year.$2.78$0.47$2.31$3.16$2.87$0.30
Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Feb 29, 2020
Return Version
2020v4.1
Gross Receipts
$519,032
Mission and Program Overview

Mission

The purpose of the Beijing Center is to offer undergraduates and other students a comprehensive educational experience about China and its culture through classroom lectures, courses, on site visits, and immersion experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$272,443$153,557▼ $118,886
Prepaid Expenses and Deferred Charges$9,518--
Land, Buildings, and Equipment, Net$26,673$6,502▼ $20,171
Accounts Receivable$2,713$3,538▲ $825
Total Assets$393,101$163,597▼ $229,504
Other Assets Total$81,754--
Liabilities
Accounts Payable and Accrued Expenses$329,340$122,099▼ $207,241
Other Liabilities$10,480--
Total Liabilities$339,820$122,099▼ $217,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,281$41,498▼ $11,783
Total Net Assets Fund Balance$53,281$41,498▼ $11,783
Total Liabilities and Net Assets / Fund Balance$393,101$163,597▼ $229,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,502$130,844$137,346
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John Richard Sember IVDirector of MarketingFT$45,450$45,450

Board Members and Trustees

NameTitle
Simon KooPresident
Hera KwongSecretary
Alexandre C WongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$175
Program Service Revenue
$487,150
Investment Income
$137
Other Revenue
$31,570
All Other Contributions
$175
Change in Net Assets
$-11,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$409,544
Grants and Similar Amounts Paid$80,573
Salaries, Compensation, and Employee Benefits$40,698
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$80,573--$80,573
Other Salaries and Wages$1,329$34,696-$36,025
Depreciation Depletion$20,171--$20,171
Advertising-$11,025-$11,025
Other Employee Benefits$1,500$3,173-$4,673
Office Expenses-$3,791-$3,791
Travel-$3,635-$3,635
Fees for Services Lobbying-$1,851-$1,851
Insurance-$1,648-$1,648
Other Expenses$140$516-$516
Fees for Services Accounting-$503-$503
Fees for Services Other-$250-$250
Total Functional Expenses$467,913$62,902$0$530,815
International Activity

International Summary

Offices
1
Employees
8
Spending
$387,340

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram servicesStudy abroad etc18$387,340
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

“With effect from September 8, 2020, the name of the Center was changed from The Beijing Center for Chinese Studies, Inc to Verbiest College Inc. The Center also retains the fictitious business name of The Beijing Center for Chinese Studies. Attached Please find The FEIN Letter, Original Article and Amended Article.”

Form 990 governing body review Part VI line 11

“Form 990 is reviewed by the Vice President and President & Executive Director.”

Governing documents etc available to public Part VI line 19

“The Beijing Centers governing documents are available to the public upon request at the office of The Beijing Center at the University of International Business and Economics in Beijing, China.”

Filing and Contact Details

Filer

Filer Name
Verbiest College Inc
EIN
20-4941618
Address
625 N Michigan Ave STE 1705, Chicago, IL 60611
Doing Business As
The Beijing Center for Chinese

Signing Officer

Name
Alexandre C Wong
Title
Treasurer
Phone
7735087070
Signed
2020-02-29
Discuss with paid preparer
No

Organization Details

Formed
2006
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Jun Zhou CPA Ltd
Address
625 N Michigan Ave Suite 1705, Chicago, IL 60611
Preparer
Shanshan Wu
Phone
3128088899
Supplemental Narrative

Financial Statement Notes

Not reporting collections (Part III, line 1A)

“The Centers antique collection consists of items of historical or artistic significance. In accordance with the provisions of the accounting guidance, Accounting for Contributions Received and Contributions Made, the Center has elected not to capitalize its collection of 53 pieces, with a cost of approximately $245,000, which is displayed in the offices of the Center. Additions are expensed at cost when purchased. Donated antiques are not recognized as assets or contributions. The Center is not depreciating the art collection.”

Collections descriptions (Part III, line 4)

“The collection contains rare books, cartographic items, and artwork all related to China, many involving Jesuit history.”

Raw XML Appendix388 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
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IRS990/BooksInCareOfDetail/PhoneNum07735087070
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0339 South Catalina Avenue Ste 313
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IRS990/DeductibleNonCashContriInd0false
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt020171
IRS990/DepreciationDepletionGrp/TotalAmt020171
IRS990/Desc0The Beijing Centers undergraduate programs include a mix of language training, extensive content courses, immersion experience with Chinese language instruction, and approximately 75 courses. Non-classroom activities offer students the opportunity to experience the culture and people of China.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/DoingBusinessAsName/BusinessNameLine1Txt0The Beijing Center for Chinese
IRS990/DonorAdvisedFundInd0false
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IRS990/ExpenseAmt0386775
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IRS990/ForeignCountryCd0CH
IRS990/ForeignFinancialAccountInd0true
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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm1Hera Kwong
IRS990/Form990PartVIISectionAGrp/PersonNm2Simon Koo
IRS990/Form990PartVIISectionAGrp/PersonNm3Alexandre C Wong
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director of Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/OtherExpensesGrp/Desc0Program expense
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Several times a year, the China Contact program for faculty members, university administrators and graduate students is offered in a customized format through a combination of lectures and site visits.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Centers antique collection consists of items of historical or artistic significance. In accordance with the provisions of the accounting guidance, Accounting for Contributions Received and Contributions Made, the Center has elected not to capitalize its collection of 53 pieces, with a cost of approximately $245,000, which is displayed in the offices of the Center. Additions are expensed at cost when purchased. Donated antiques are not recognized as assets or contributions. The Center is not depreciating the art collection.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The collection contains rare books, cartographic items, and artwork all related to China, many involving Jesuit history.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Not reporting collections (Part III, line 1a)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Collections descriptions (Part III, line 4)
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Study abroad etc
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL FUND SUPPORT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0With effect from September 8, 2020, the name of the Center was changed from The Beijing Center for Chinese Studies, Inc to Verbiest College Inc. The Center also retains the fictitious business name of The Beijing Center for Chinese Studies. Attached Please find The FEIN Letter, Original Article and Amended Article.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is reviewed by the Vice President and President & Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Beijing Centers governing documents are available to the public upon request at the office of The Beijing Center at the University of International Business and Economics in Beijing, China.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/WebsiteAddressTxt0www.thebeijingcenter.org
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Alexandre C Wong
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07735087070
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Verbiest College Inc
ReturnHeader/Filer/BusinessNameControlTxt0VERB
ReturnHeader/Filer/EIN0204941618
ReturnHeader/Filer/USAddress/AddressLine1Txt0625 N Michigan Ave STE 1705
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jun Zhou CPA Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0625 N Michigan Ave Suite 1705
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
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ReturnHeader/PreparerPersonGrp/PhoneNum03128088899
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shanshan Wu
ReturnHeader/ReturnTs02022-01-24T10:47:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Alexandre
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Wong
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

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