Civic Intelligence

Ybc Inc.

990 • Fiscal year 2017 • EIN 26-3655173

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 23, 2018

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

94th percentile

1.07x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

54.96x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M 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

Balance Sheet
Liabilities / Assets94th percentile

Assets

$13,887,013

No earlier filing loaded for comparison.

Net Assets

-$974,281

No earlier filing loaded for comparison.

Liabilities

$14,861,294

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin97th percentile

Revenue

$270,420

No earlier filing loaded for comparison.

Expenses

$57,004

No earlier filing loaded for comparison.

Net Income

$213,416

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2017

Assets$13,887,013
Liabilities$14,861,294
Net Assets-$974,281
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$270,420
Expenses$57,004
Net Income$213,416
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 23, 2018
Return Version
2016v3.0
Gross Receipts
$270,420
Mission and Program Overview

Mission

Lease and maintain property for yinghua academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$11,996,451▲ $11,996,451
Savings and Temporary Cash Investments-$1,652,409-
Accounts Receivable-$238,153-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$-974,281▼ $974,281
Total Assets$0$13,887,013▲ $13,887,013
Liabilities
Tax Exempt Bond Liabilities-$14,300,032-
Other Liabilities$0$561,262▲ $561,262
Total Liabilities$0$14,861,294▲ $14,861,294
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-974,281▼ $974,281
Total Liabilities and Net Assets / Fund Balance$0$13,887,013▲ $13,887,013

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,996,451$594,402$11,590,853
Land$1,000,000-$1,000,000
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Doug ParishPresident
Cindy MoellerSecretary
Scott JaxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$269,781
Investment Income
$639
Other Revenue
$0
Change in Net Assets
$213,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$57,004
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
Depreciation Depletion$49,504--$49,504
Fees for Services Other$7,500--$7,500
Total Functional Expenses$57,004$0$0$57,004
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

Other Reported Liabilities

LiabilityAmount
Interest Payable$418,413
Due to Yinghua Academy$142,849

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
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
Audit committee
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, 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.”

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
Scott Jax
Title
Treasurer
Phone
6127889095
Signed
2018-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Parish
Formed
2008
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Theresa Goette
Phone
9525636800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Assumption of building and associated liabilities -1,187,697.”

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:

“Footnote included in the consolidated audited financial statements: 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.”

Raw XML AppendixShowing 400 of 403 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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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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ASSUMPTION OF BUILDING AND ASSOCIATED LIABILITIES -1,187,697.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
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IRS990/SignificantChangeInd00
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ReturnHeader/FilingSecurityInformation/IPTm012:27:50
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03800 AMERICAN BLVD WEST SUITE 1000
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-23
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ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,887,013
Liabilities
$14,861,294
Net assets
-$974,281
Revenue
$270,420
Expenses
$57,004
Net income
$213,416
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.9$13.4$0.48$1.37$1.18$0.19
2023Detailed filing. Detailed filing data is available for this year.$13.0$13.7$0.67$1.31$1.16$0.16
2022Detailed filing. Detailed filing data is available for this year.$13.1$13.9$0.83$1.27$1.27$0.00
2021Detailed filing. Detailed filing data is available for this year.$13.3$14.1$0.83$1.28$1.25$0.03
2020Detailed filing. Detailed filing data is available for this year.$13.5$14.4$0.86$1.27$1.31$0.05
2019Detailed filing. Detailed filing data is available for this year.$13.7$14.5$0.81$1.26$1.20$0.07
2018Detailed filing. Detailed filing data is available for this year.$13.9$14.8$0.88$1.23$1.14$0.09
2017Detailed filing. Detailed filing data is available for this year.$13.9$14.9$0.97$0.27$0.06$0.21