Civic Intelligence

Ybc Inc

EIN 26-3655173 • 501(c)3 • Minneapolis, MN

Profile

Lease and maintain property for yinghua academy

1616 Buchanan Street NEMinneapolis, MN 55413

www.yinghuaacademy.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.04x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

9.79x

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

30th percentile

-0.5%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

42nd percentile

3.9%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$12,939,013

Down $43,537 (-0.3%) from 2023

Liabilities

Down

$13,419,752

Down $234,489 (-1.7%) from 2023

Net Assets

Up

-$480,739

Up $190,952 (+28%) from 2023

Revenue

Up

$1,370,372

Up $56,256 (+4.3%) from 2023

Expenses

Up

$1,179,396

Up $23,960 (+2.1%) from 2023

Net Income

Up

$190,976

Up $32,296 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $13,887,013Liabilities 2017: $14,861,294Net Assets 2017: -$974,2812017Assets 2018: $13,883,917Liabilities 2018: $14,766,388Net Assets 2018: -$882,4712018Assets 2019: $13,729,958Liabilities 2019: $14,543,157Net Assets 2019: -$813,1992019Assets 2020: $13,525,471Liabilities 2020: $14,384,443Net Assets 2020: -$858,9722020Assets 2021: $13,264,231Liabilities 2021: $14,095,048Net Assets 2021: -$830,8172021Assets 2022: $13,067,838Liabilities 2022: $13,898,209Net Assets 2022: -$830,3712022Assets 2023: $12,982,550Liabilities 2023: $13,654,241Net Assets 2023: -$671,6912023Assets 2024: $12,939,013Liabilities 2024: $13,419,752Net Assets 2024: -$480,7392024

Highlighted filing

2024

Assets$12,939,013
Liabilities$13,419,752
Net Assets-$480,739

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $270,420Expenses 2017: $57,004Net Income 2017: $213,4162017Revenue 2018: $1,230,966Expenses 2018: $1,139,156Net Income 2018: $91,8102018Revenue 2019: $1,264,874Expenses 2019: $1,195,602Net Income 2019: $69,2722019Revenue 2020: $1,266,433Expenses 2020: $1,312,206Net Income 2020: -$45,7732020Revenue 2021: $1,282,977Expenses 2021: $1,254,822Net Income 2021: $28,1552021Revenue 2022: $1,268,654Expenses 2022: $1,268,208Net Income 2022: $4462022Revenue 2023: $1,314,116Expenses 2023: $1,155,436Net Income 2023: $158,6802023Revenue 2024: $1,370,372Expenses 2024: $1,179,396Net Income 2024: $190,9762024

Highlighted filing

2024

Revenue$1,370,372
Expenses$1,179,396
Net Income$190,976

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,370,372
Mission and Program Overview

Mission

Lease and maintain property for yinghua academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,271,063$10,010,739▼ $260,324
Savings and Temporary Cash Investments$2,093,124$2,226,948▲ $133,824
Cash and Non-Interest-Bearing Accounts$519,774$594,888▲ $75,114
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-671,691$-480,739▲ $190,952
Total Assets$12,982,550$12,939,013▼ $43,537
Other Assets Total$98,589$106,438▲ $7,849
Liabilities
Tax Exempt Bond Liabilities$13,260,186$13,029,379▼ $230,807
Accounts Payable and Accrued Expenses$394,055$390,373▼ $3,682
Total Liabilities$13,654,241$13,419,752▼ $234,489
Net Assets / Fund Balance
Total Net Assets Fund Balance$-671,691$-480,739▲ $190,952
Total Liabilities and Net Assets / Fund Balance$12,982,550$12,939,013▼ $43,537

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,010,739$2,682,516$11,693,255
Land$1,000,000-$1,000,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott JaxBoard Chair
Karen LuSecretary
Xiaoyan SunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,270,536
Investment Income
$99,836
Other Revenue
$0
Change in Net Assets
$190,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,179,396
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$772,961--$772,961
Depreciation Depletion$306,056--$306,056
Fees for Services Other-$37,832-$37,832
Fees for Services Accounting-$6,988-$6,988
Other Expenses$1,977--$1,977
Total Functional Expenses$1,134,576$44,820$0$1,179,396
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis Mn2013-06-25$14,073,261Purchase & rehab of building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,073,261--$277,400

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
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
Audit committee
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board of directors reviews the public disclosure copy of the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Ybc Inc
EIN
26-3655173
Phone
6127889095
Address
1616 BUCHANAN STREET NE, MINNEAPOLIS, MN 55413

Signing Officer

Name
Hursha Patel
Title
Board Chair
Phone
6127889095
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hursha Patel
Formed
2008
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Creative Planning Tax LLC
Address
100 E PARK AVE STE 300, WATERLOO, IA 50703
Preparer
Michelle M Hekel
Phone
3192346885
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The academy is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). The academy is also exempt from minnesota franchise or income tax. 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.

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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-06-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416005375
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt014073261
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF MINNEAPOLIS MN
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE & REHAB OF BUILDING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt012436911
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0996928
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0277400
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/TotalAssetsGrp/BOYAmt012982550
IRS990/TotalAssetsGrp/EOYAmt012939013
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01134576
IRS990/TotalFunctionalExpensesGrp/TotalAmt01179396
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt013419752
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IRS990/TotalProgramServiceExpensesAmt01134576
IRS990/TotalProgramServiceRevenueAmt01270536
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt099836
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01270536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01370372
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012982550
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01616 BUCHANAN STREET NE
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IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0WWW.YINGHUAACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HURSHA PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YBC INC
ReturnHeader/Filer/BusinessNameControlTxt0YBCI
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ReturnHeader/Filer/PhoneNum06127889095
ReturnHeader/Filer/USAddress/AddressLine1Txt01616 BUCHANAN STREET NE
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ReturnHeader/Filer/USAddress/ZIPCd055413
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471019942

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