Civic Intelligence

Mandarin Academy

990 • Fiscal year 2020 • EIN 27-1241136

Jan 01, 2020 to Dec 31, 2020 • Filed on May 16, 2022

4050 Cranford CircleSan Jose, CA 95124

(408) 242-5856

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.08x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.08x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

28th percentile

-11%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$115,152

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 45.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$233,750

No earlier filing loaded for comparison.

Net Assets

$214,499

No earlier filing loaded for comparison.

Liabilities

$19,251

No earlier filing loaded for comparison.

Revenue

$253,144

No earlier filing loaded for comparison.

Expenses

$280,318

No earlier filing loaded for comparison.

Net Income

-$27,174

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.

$400K$300K$200K$100K$0Assets 2020: $233,750Liabilities 2020: $19,251Net Assets 2020: $214,4992020Assets 2021: $296,893Liabilities 2021: $19,252Net Assets 2021: $277,6412021Assets 2022: $309,486Liabilities 2022: $19,251Net Assets 2022: $290,2352022Assets 2023: $248,600Liabilities 2023: $19,251Net Assets 2023: $229,3492023Assets 2024: $283,989Liabilities 2024: $19,251Net Assets 2024: $264,7382024

Highlighted filing

2020

Assets$233,750
Liabilities$19,251
Net Assets$214,499

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $253,144Expenses 2020: $280,318Net Income 2020: -$27,1742020Revenue 2021: $357,583Expenses 2021: $294,441Net Income 2021: $63,1422021Revenue 2022: $323,417Expenses 2022: $310,823Net Income 2022: $12,5942022Revenue 2023: $228,132Expenses 2023: $289,018Net Income 2023: -$60,8862023Revenue 2024: $269,316Expenses 2024: $253,179Net Income 2024: $16,1372024

Highlighted filing

2020

Revenue$253,144
Expenses$280,318
Net Income-$27,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$253,144
Mission and Program Overview

Mission

Teach K-5 grammar school, part time after school teaching, and summer school programs, focused on bilingual teaching in Mandarin Chinese and English.

Mandarin Immersion School: K-5

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$260,109$233,271▼ $26,838
Loans From Officers Directors$8,360$8,360→ $0
Land, Buildings, and Equipment, Net$1,127$454▼ $673
Savings and Temporary Cash Investments$25$25→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$261,261$233,750▼ $27,511
Liabilities
Unsecured Notes Loans Payable$10,891$10,891→ $0
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$19,251$19,251→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$242,010$214,499▼ $27,511
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$242,010$214,499▼ $27,511
Total Liabilities and Net Assets / Fund Balance$261,261$233,750▼ $27,511

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$454$673$1,127
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pi Chen SuVice President and Lead TeacherFT$115,152$115,152

Board Members and Trustees

NameTitle
Stacy TongPresident & CEO
Kevin PasquinelliCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$2,328
Program Service Revenue
$250,816
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,328
Change in Net Assets
$-27,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,958
Other Expenses$26,360
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$115,152--$115,152
Other Salaries and Wages$79,750--$79,750
Payroll Taxes$59,056--$59,056
Insurance$8,272--$8,272
Office Expenses$3,285--$3,285
Advertising$3,000--$3,000
All Other Expenses$2,444--$2,444
Other Expenses$1,035$0$0$1,035
Fees for Services Accounting$750--$750
Depreciation Depletion$336--$336
Total Functional Expenses$280,318$0$0$280,318
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$8,360$8,360→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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

Describe in Schedule O the process, if any, used by the organization to review this Form 990. Answer: Form 990 was reviewed by all the officers and directors of Mandarin Academy to confirm accuracy.

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

The officers and directors total only three. The officers and directors speak regularly and discuss these matters, as well as make them part of Mandarin Academy's annual corporate meeting.

Form 990, Part VI, Section B, Line 15

A key employee was made part of the board. She is the only compensated board member. An extensive compensation study was done for her comparing here salary against that of public school teachers and private school teachers (to the degree that such information is available) at the time of formation. Since then she has been given modest cost of living increases.

Form 990, Part VI, Section C, Line 18

The teachers are informed that these documents are available for inspection at any time. Officers and teachers inform parents during parent/teacher conferences and during open house that the documents are available.

Form 990, Part VI, Section C, Line 19

The teachers are informed that these documents are available for inspection at any time. Officers and teachers inform parents during parent/teacher conferences and during open house that the documents are available.

Filing and Contact Details

Filer

Filer Name
Mandarin Academy
EIN
27-1241136
Phone
4082425856
Address
4050 Cranford Circle, San Jose, CA 95124

Signing Officer

Name
Kevin Pasquinelli
Title
CFO
Phone
4082425856
Signed
2022-05-16

Organization Details

Principal Officer
Stacy Tong
Formed
2009
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
1
Volunteers
0
Raw XML AppendixShowing 400 of 453 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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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0454
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0673
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01127
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0454
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Mandarin Academy posts its racially nondiscriminatory policy on its website www.mandarinacademy.org and makes the policy available to anyone upon request.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Describe in Schedule O the process, if any, used by the organization to review this Form 990. Answer: Form 990 was reviewed by all the officers and directors of Mandarin Academy to confirm accuracy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The officers and directors total only three. The officers and directors speak regularly and discuss these matters, as well as make them part of Mandarin Academy's annual corporate meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A key employee was made part of the board. She is the only compensated board member. An extensive compensation study was done for her comparing here salary against that of public school teachers and private school teachers (to the degree that such information is available) at the time of formation. Since then she has been given modest cost of living increases.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The teachers are informed that these documents are available for inspection at any time. Officers and teachers inform parents during parent/teacher conferences and during open house that the documents are available.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The teachers are informed that these documents are available for inspection at any time. Officers and teachers inform parents during parent/teacher conferences and during open house that the documents are available.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0261261
IRS990/TotalAssetsEOYAmt0233750
IRS990/TotalAssetsGrp/BOYAmt0261261
IRS990/TotalAssetsGrp/EOYAmt0233750
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02328
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280318
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280318
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019251
IRS990/TotalLiabilitiesEOYAmt019251
IRS990/TotalLiabilitiesGrp/BOYAmt019251
IRS990/TotalLiabilitiesGrp/EOYAmt019251
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0242010
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0214499
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00

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