Civic Intelligence

Wah Mei School

990 • Fiscal year 2017 • EIN 23-7321428

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 08, 2017

1400 Judah StreetSan Francisco, CA 94122

(415) 665-4212

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.16x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

9.3%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$99,537

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$3,470,412

No earlier filing loaded for comparison.

Net Assets

$3,229,898

No earlier filing loaded for comparison.

Liabilities

$240,514

No earlier filing loaded for comparison.

Revenue

$1,522,220

No earlier filing loaded for comparison.

Expenses

$1,380,289

No earlier filing loaded for comparison.

Net Income

$141,931

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $3,470,412Liabilities 2017: $240,514Net Assets 2017: $3,229,8982017Assets 2018: $3,490,772Liabilities 2018: $253,498Net Assets 2018: $3,237,2742018Assets 2019: $6,393,246Liabilities 2019: $3,221,334Net Assets 2019: $3,171,9122019Assets 2020: $6,614,367Liabilities 2020: $3,540,134Net Assets 2020: $3,074,2332020Assets 2021: $7,390,083Liabilities 2021: $3,335,724Net Assets 2021: $4,054,3592021Assets 2022: $7,001,647Liabilities 2022: $3,280,702Net Assets 2022: $3,720,9452022Assets 2023: $11,549,642Liabilities 2023: $5,137,342Net Assets 2023: $6,412,3002023Assets 2024: $11,084,304Liabilities 2024: $6,376,942Net Assets 2024: $4,707,3622024

Highlighted filing

2017

Assets$3,470,412
Liabilities$240,514
Net Assets$3,229,898

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2017: $1,522,220Expenses 2017: $1,380,289Net Income 2017: $141,9312017Revenue 2018: $1,679,575Expenses 2018: $1,722,732Net Income 2018: -$43,1572018Revenue 2019: $1,717,897Expenses 2019: $1,853,143Net Income 2019: -$135,2462019Revenue 2020: $2,784,889Expenses 2020: $2,875,510Net Income 2020: -$90,6212020Revenue 2021: $3,939,960Expenses 2021: $3,046,807Net Income 2021: $893,1532021Revenue 2022: $3,999,140Expenses 2022: $4,264,487Net Income 2022: -$265,3472022Revenue 2023: $8,049,934Expenses 2023: $5,358,579Net Income 2023: $2,691,3552023Revenue 2024: $5,867,448Expenses 2024: $6,262,235Net Income 2024: -$394,7872024

Highlighted filing

2017

Revenue$1,522,220
Expenses$1,380,289
Net Income$141,931
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 8, 2017
Return Version
2016v3.0
Gross Receipts
$1,539,248
Mission and Program Overview

Mission

To provide year round half day and full day programs for children from 2 years 9 months to 5 years old, as well as Saturday Chinese classes for children from 3-14 years old. The mission of Wah Mei School is to provide a safe and nurturing high quality Chinese-English multicultural environment that promotes children's development while building a supportive community for families.Provided approximately 7,929 childcare days of enrollment of low income children and 11,322 childcare days of enrollment to working parents in a mixed economic service setting.

The mission of the Organization is to provide a safe and nurturing high quality Chinese-English multicultural environment that promotes children's development while building a supportive community for families. The Organization runs a preschool and a weekend Chinese language education program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,685,374$1,915,687▲ $230,313
Land, Buildings, and Equipment, Net$1,380,169$1,380,169→ $0
Pledges and Grants Receivable$68,833$146,360▲ $77,527
Prepaid Expenses and Deferred Charges$23,543$28,196▲ $4,653
Total Assets$3,157,919$3,470,412▲ $312,493
Liabilities
Deferred Revenue$263$173,441▲ $173,178
Other Liabilities$75,829$0▼ $75,829
Accounts Payable and Accrued Expenses$44,030$67,073▲ $23,043
Total Liabilities$120,122$240,514▲ $120,392
Net Assets / Fund Balance
Unrestricted Net Assets$3,037,797$3,229,898▲ $192,101
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,037,797$3,229,898▲ $192,101
Total Liabilities and Net Assets / Fund Balance$3,157,919$3,470,412▲ $312,493

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,304,479-$1,304,479
Other Land Buildings$75,690$0$75,690
Buildings$0$66,918$66,918
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benson WongExecutive DirectorFT$93,267$6,270$99,537

Board Members and Trustees

NameTitle
Karen LiuBoard President
Dan EckelsBoard Vice President
Ashley LeiferBoard member
Jeff BeckBoard member
Jim ChanBoard member
Kit ChowBoard member
Mario ChoiBoard member
Myrna ZhangBoard member
Ramie DareBoard member
Maelig MorvanBoard Secretary
Kai NgBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$734,483
Program Service Revenue
$681,129
Investment Income
$17,693
Other Revenue
$88,915
All Other Contributions
$9,112
Change in Net Assets
$141,931

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,522,220
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,170
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,572,390
Total Revenue per Form 990
$1,522,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,127,730
Other Expenses$252,559
Total Fundraising Expense$28,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$983,962$125,418$18,350$1,127,730
Occupancy$95,528$6,252-$101,780
Other Expenses$53,499$0$1,395$54,894
Fees for Services Other$4,308$35,276$3,918$43,502
Information Technology$8,712$9,318$1,021$19,051
Office Expenses$12,954$2,863$876$16,693
Insurance$4,857$4,329-$9,186
All Other Expenses$5,000$0$1,162$6,162
Advertising$0$0$1,291$1,291
Total Functional Expenses$1,168,820$183,456$28,013$1,380,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,380,289
Total Expenses per Audited Statements$1,380,289
Total Expenses per Form 990$1,380,289
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
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

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$34,455$34,455$165$34,290
Holiday Faire$5,338$5,338$2,594$2,744
Total Events$39,793$39,793$9,159$30,634
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the Form 990 is made available to all board members for review prior to filing with the required entities.

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

The Organization monitors and enforces the conflict of interest policy on an ongoing basis, as well as reminding the directors regarding potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

Executive Director performance and salary is annually reviewed, set and approved by the Board of Directors. Any increases are approved as part of the regular budget process as similarly given to the entire staff.

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
Wah Mei School
EIN
23-7321428
Phone
4156654212
Address
1400 Judah Street, San Francisco, CA 94122

Signing Officer

Name
Maelig Morvan
Title
Board President
Phone
4156654212
Signed
2017-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wah Mei School
Formed
1973
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
24
Volunteers
12

Preparer

Firm
JWT & Associates
Address
1111 E Herndon Avenue, Fresno, CA 93720
Preparer
Jeremy Ware
Phone
5594317708
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

The Organization has been recognized by the Internal Revenue Service as a non-profit corporation as described in Sec. 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal and state income taxes on related income pursuant to Sec. 501(a) of the IRC and California Revenue and Taxation code Sec 23701d. The tax years of 2014 through 2016 remain open and subject to examination by the appropriate government agencies in the United States and California.

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IRS990/MissionDesc0To provide year round half day and full day programs for children from 2 years 9 months to 5 years old, as well as Saturday Chinese classes for children from 3-14 years old. Provided approximately 6,792 childcare days of enrollment of low income children and 11322 childcare days of enrollment to working parents in a mixed economic service setting.
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt088915
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt050170
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06252
IRS990/OccupancyGrp/ProgramServicesAmt095528
IRS990/OccupancyGrp/TotalAmt0101780
IRS990/OfficeExpensesGrp/FundraisingAmt0876
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02863
IRS990/OfficeExpensesGrp/ProgramServicesAmt012954
IRS990/OfficeExpensesGrp/TotalAmt016693
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/FundraisingAmt01395
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt053499
IRS990/OtherExpensesGrp/TotalAmt054894
IRS990/OtherLiabilitiesGrp/BOYAmt075829
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018350
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0125418
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0983962
IRS990/OtherSalariesAndWagesGrp/TotalAmt01127730
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt068833
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0146360
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023543
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028196
IRS990/PrincipalOfficerNm0Wah Mei School
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0923110
IRS990/ProgramServiceRevenueGrp/Desc0Service and Fee Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0681129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0681129
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt0307425
IRS990/PYExcessBenefitTransInd00
IRS990/PYInvestmentIncomeAmt026843
IRS990/PYOtherExpensesAmt0255900
IRS990/PYOtherRevenueAmt0109179
IRS990/PYProgramServiceRevenueAmt01035505
IRS990/PYRevenuesLessExpensesAmt0370403
IRS990/PYSalariesCompEmpBnftPaidAmt0852649
IRS990/PYTotalExpensesAmt01108549
IRS990/PYTotalRevenueAmt01478952
IRS990/ReconcilationRevenueExpnssAmt0141931
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt088915
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0681129
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01685374
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01915687
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01375866
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01342930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01215768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01119688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01090992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06145244
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026843
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09562
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt077200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98759
IRS990ScheduleA/PublicSupportPY170Pct00.9262
IRS990ScheduleA/PublicSupportTotal170Amt06145244
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01375866
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01342930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01215768
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01119688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01090992
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06145244
IRS990ScheduleA/TotalSupportAmt06222444
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt066918
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt066918
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01380289
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt01304479
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01304479
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt050170
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt075690
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt075690
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt050170
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01522220
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has been recognized by the Internal Revenue Service as a non-profit corporation as described in Sec. 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal and state income taxes on related income pursuant to Sec. 501(a) of the IRC and California Revenue and Taxation code Sec 23701d. The tax years of 2014 through 2016 remain open and subject to examination by the appropriate government agencies in the United States and California.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01380169
IRS990ScheduleD/TotalExpensesPerForm990Amt01380289
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01522220
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01572390
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01380289
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00

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