Civic Intelligence

Ybc Inc.

990 • Fiscal year 2023 • EIN 26-3655173

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

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

95th percentile

1.05x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

10.39x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

27th percentile

-0.7%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

3.6%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$12,982,550

Down $85,288 (-0.7%) from 2022

Net Assets

Up

-$671,691

Up $158,680 (+19%) from 2022

Liabilities

Down

$13,654,241

Down $243,968 (-1.8%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin66th percentile

Revenue

Up

$1,314,116

Up $45,462 (+3.6%) from 2022

Expenses

Down

$1,155,436

Down $112,772 (-8.9%) from 2022

Net Income

Up

$158,680

Up $158,234 (+35478%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

2023

Assets$12,982,550
Liabilities$13,654,241
Net Assets-$671,691
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

2023

Revenue$1,314,116
Expenses$1,155,436
Net Income$158,680
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$1,314,116
Mission and Program Overview

Mission

Lease and maintain property for yinghua academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,505,700$10,271,063▼ $234,637
Savings and Temporary Cash Investments$1,998,929$2,093,124▲ $94,195
Cash and Non-Interest-Bearing Accounts$461,643$519,774▲ $58,131
Pd in Cap Srpls Land Bldg Eqp Fund$278,798$397,721▲ $118,923
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,109,169$-1,069,412▲ $39,757
Total Assets$13,067,838$12,982,550▼ $85,288
Other Assets Total$101,566$98,589▼ $2,977
Liabilities
Tax Exempt Bond Liabilities$13,480,994$13,260,186▼ $220,808
Accounts Payable and Accrued Expenses$400,751$394,055▼ $6,696
Other Liabilities$16,464$0▼ $16,464
Total Liabilities$13,898,209$13,654,241▼ $243,968
Net Assets / Fund Balance
Total Net Assets Fund Balance$-830,371$-671,691▲ $158,680
Total Liabilities and Net Assets / Fund Balance$13,067,838$12,982,550▼ $85,288

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,271,063$2,389,883$11,660,946
Land$1,000,000-$1,000,000
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Scott JaxBoard Chair
Karen LuSecretary
Xiaoyan SunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,258,622
Investment Income
$55,494
Other Revenue
$0
Change in Net Assets
$158,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,155,436
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$784,196--$784,196
Depreciation Depletion$304,730--$304,730
Fees for Services Other-$54,451-$54,451
Fees for Services Accounting-$6,466-$6,466
Other Expenses$2,133--$2,133
Fees for Services Legal-$500-$500
Total Functional Expenses$1,094,019$61,417$0$1,155,436
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
Scott Jax
Title
Board Chair
Phone
6127889095
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Jax
Formed
2008
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Creative Planning Tax LLC
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Michelle M Hekel
Phone
5157275700
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.”

Raw XML AppendixShowing 400 of 415 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0YBC, INC MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION (YINGHUA ACADEMY) THROUGH REGULAR DISCUSSIONS AND INTERACTIONS BETWEEN THE PRESIDENT OF YBC, INC AND THE BOARD CHAIR AND TREASURER OF YINGHUA ACADEMY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1YBC, INC IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF YINGHUA ACADEMY, A MINNESOTA NON-PROFIT CORPORATION. YBC, INC PURCHASED REAL ESTATE OCCUPIED BY YINGHUA ACADEMY USED FOR THE PURPOSE OF PROVIDING EDUCATIONAL INSTRUCTION IN SUPPORT OF YINGHUA ACADEMY'S MISSION AS A K-8 ELEMENTARY SCHOOL. YBC, INC INTENDS TO ENGAGE IN NO OTHER ACTIVITIES, AND THE OWNERSHIP OF REAL ESTATE BY YBC, INC DIRECTLY FURTHERS YINGHUA ACADEMY'S EXEMPT PURPOSES IN THAT REAL ESTATE IS REQUIRED TO HOUSE AND DELIVER EDUCATION TO YINGHUA'S STUDENTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: CITY OF MINNEAPOLIS, MN DATE THE REBATE COMPUTATION WAS PERFORMED: 05/31/2018
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,982,550
Liabilities
$13,654,241
Net assets
-$671,691
Revenue
$1,314,116
Expenses
$1,155,436
Net income
$158,680
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