Civic Intelligence

Yu Ming Charter School

990 • Fiscal year 2015 • EIN 27-4260393

Jul 01, 2014 to Jun 30, 2015 • Filed on May 03, 2016

Refreshing map…

1086 Alcatraz AveOakland, CA 94608

(510) 452-2063

Siviq Scores

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

Liabilities / Assets

68th percentile

0.29x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.09x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

28th percentile

-4.9%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$99,300

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

20%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$828,204

Down $110,639 (-12%) from 2014

Net Assets

Down

$584,960

Down $132,456 (-18%) from 2014

Liabilities

Up

$243,244

Up $21,817 (+9.9%) from 2014

Revenue

Up

$2,708,994

Up $450,505 (+20%) from 2014

Expenses

Up

$2,841,450

Up $931,739 (+49%) from 2014

Net Income

Down

-$132,456

Down $481,234 (-138%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $603,231Liabilities 2013: $234,593Net Assets 2013: $368,6382013Assets 2014: $938,843Liabilities 2014: $221,427Net Assets 2014: $717,4162014Assets 2015: $828,204Liabilities 2015: $243,244Net Assets 2015: $584,9602015Assets 2016: $1,008,937Liabilities 2016: $158,325Net Assets 2016: $850,6122016Assets 2017: $1,274,713Liabilities 2017: $127,413Net Assets 2017: $1,147,3002017Assets 2018: $1,610,424Liabilities 2018: $219,005Net Assets 2018: $1,391,4192018Assets 2019: $2,343,467Liabilities 2019: $437,250Net Assets 2019: $1,906,2172019Assets 2020: $3,595,961Liabilities 2020: $1,165,797Net Assets 2020: $2,430,1642020Assets 2022: $5,404,745Liabilities 2022: $1,791,073Net Assets 2022: $3,613,6722022

Highlighted filing

2015

Assets$828,204
Liabilities$243,244
Net Assets$584,960

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $1,398,7422013Revenue 2014: $2,258,489Expenses 2014: $1,909,711Net Income 2014: $348,7782014Revenue 2015: $2,708,994Expenses 2015: $2,841,450Net Income 2015: -$132,4562015Revenue 2016: $3,635,635Expenses 2016: $3,369,983Net Income 2016: $265,6522016Revenue 2017: $4,228,643Expenses 2017: $3,931,955Net Income 2017: $296,6882017Revenue 2018: $5,116,244Expenses 2018: $4,872,125Net Income 2018: $244,1192018Revenue 2019: $6,526,769Expenses 2019: $6,011,971Net Income 2019: $514,7982019Revenue 2020: $7,198,069Expenses 2020: $6,674,122Net Income 2020: $523,9472020Revenue 2022: $10,327,063Expenses 2022: $9,646,011Net Income 2022: $681,0522022

Highlighted filing

2015

Revenue$2,708,994
Expenses$2,841,450
Net Income-$132,456
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 3, 2016
Return Version
2014v6.0
Gross Receipts
$2,731,651
Mission and Program Overview

Mission

The mission of yu ming charter school is to provide a challenging and comprehensive education for kindergarten through 2nd grade students, through a mandarin immersion program, preparing them to be inquisitive and analytic lifelong learners in the 21st century. Yu ming charter school began serving students in august 2011 and currently serves students in kindergarten through first grade. The faculty, staff, and other stakeholders want to provide an academically rigorous college preparatory program and have graduate students with bilingual and biliterate skills in mandarin chinese and english. Also, they are dedicated to nurturing intellectual curiosity, international perspective, and diligence in attaining personal goals, and developing young people with compassion, sound moral character, and a sense of responsibility for the community and the environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$463,742$458,678▼ $5,064
Accounts Receivable$438,497$315,041▼ $123,456
Prepaid Expenses and Deferred Charges$36,604$40,729▲ $4,125
Land, Buildings, and Equipment, Net-$13,756-
Total Assets$938,843$828,204▼ $110,639
Liabilities
Accounts Payable and Accrued Expenses$96,427$180,746▲ $84,319
Unsecured Notes Loans Payable$125,000$62,498▼ $62,502
Total Liabilities$221,427$243,244▲ $21,817
Net Assets / Fund Balance
Unrestricted Net Assets$717,416$534,691▼ $182,725
Temporarily Rstr Net Assets-$50,269-
Total Net Assets Fund Balance$717,416$584,960▼ $132,456
Total Liabilities and Net Assets / Fund Balance$938,843$828,204▼ $110,639

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,865$6,555$14,420
Equipment$5,891$4,909$10,800
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura Johnson-rossFounding PriFT$99,300$99,300

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,067,058
Program Service Revenue
$398,298
Investment Income
$0
Other Revenue
$243,638
All Other Contributions
$85,435
Change in Net Assets
$-132,456

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,708,994
Revenue Not Reported on Form 990
$22,657
Total Revenue per Audited Statements
$2,731,651
Total Revenue per Form 990
$2,708,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,620,498
Other Expenses$1,220,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,076,395$170,679-$1,247,074
Fees for Services Other$366,897--$366,897
Occupancy$70,576$116,938-$187,514
Other Employee Benefits$131,344$371-$131,715
Current Officers, Directors, Trustees, and Key Employees$103,750--$103,750
Pension Plan Contributions$82,462--$82,462
Office Expenses$21,977$36,414-$58,391
Payroll Taxes$48,485$7,012-$55,497
Other Expenses$22,760$23,553-$46,313
Fees for Services Management-$44,363-$44,363
Fees for Services Legal-$41,049-$41,049
Conferences and Meetings$11,297$17,683-$28,980
Insurance-$11,991-$11,991
Information Technology$4,452$7,377-$11,829
Depreciation Depletion$11,464--$11,464
Travel$7,075--$7,075
Fees for Services Accounting-$5,600-$5,600
Advertising$3,734$1,653-$5,387
Interest$145$239-$384
Total Functional Expenses$2,167,843$673,607$0$2,841,450

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,864,107
Expenses per Audited Statements$2,841,450
Total Expenses per Form 990$2,841,450
Expenses Not Reported on Form 990$22,657
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$259,510
Fundraising Direct Expenses$22,657
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$259,510$259,510$22,657$236,853
Total Events$259,510$259,510$22,657$236,853
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, Page 6, Part VI, Line 11B

The board of directors receives a copy of the form 990 for review before it is filed with the irs.

Form 990, Page 6, Part VI, Line 12C

Board members and key employees are required to complete and file with the county office of education, form 700-conflict of interest form, on an annual basis in order to verify that there is no financial conflict of interest preventing them from serving on the board.

Form 990, Page 6, Part VI, Line 15A

Director's salaries are determined using salary scales for equivalent positions in the demographic region/district. Salaries are reviewed and approved by the board of directors to ensure they are in line with comparable positions in the region and the school's overall operating budget.

Form 990, Page 6, Part VI, Line 15B

SAME AS ABOVE.

Form 990, Page 6, Part VI, Line 19

Upon request the governing board secretary will make the organization's governing documents, conflict of interest policy, and financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Yu Ming Charter School
EIN
27-4260393
Phone
5104522063
Address
1086 ALCATRAZ AVE, OAKLAND, CA 94608

Signing Officer

Name
Sue Park
Title
Principal
Phone
5104522063
Signed
2016-05-03

Organization Details

Principal Officer
Laura Johnson-ross
Formed
2010
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
38
Volunteers
355

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Wade Mcmullen CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of yu ming charter school is to provide a challenging and comprehensive education for kindergarten through 2nd grade students, through a mandarin immersion program, preparing them to be inquisitive and analytic lifelong learners in the 21st century. Yu ming charter school began serving students in august 2011 and currently serves students in kindergarten through first grade. The faculty, staff, and other stakeholders want to provide an academically rigorous college preparatory program and have graduate students with bilingual and biliterate skills in mandarin chinese and english. Also, they are dedicated to nurturing intellectual curiosity, international perspective, and diligence in attaining personal goals, and developing young people with compassion, sound moral character, and a sense of responsibility for the community and the environment.

Form 990, Part IX, Line 11G

OTHER FEES 366,897 0 0

Form 990, Part XI, Line 9

Fundraising expense 22,657 fundraising expenses -22,657

Financial Statement Notes

Schedule D, Page 3, Part X

Yu ming charter school is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The school files informational returns in the u.s. Federal jurisdiction, and the state of california. The statute of limitations for federal and california state purposes is generally three and four years, respectively

Schedule D, Page 4, Part XI, Line 2D

Fundraising expense 22,657

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 22,657

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IRS990/MissionDesc0THE MISSION OF YU MING CHARTER SCHOOL IS TO PROVIDE A CHALLENGING AND COMPREHENSIVE EDUCATION FOR KINDERGARTEN THROUGH 2ND GRADE STUDENTS, THROUGH A MANDARIN IMMERSION PROGRAM, PREPARING THEM TO BE INQUISITIVE AND ANALYTIC LIFELONG LEARNERS IN THE 21ST CENTURY. YU MING CHARTER SCHOOL BEGAN SERVING STUDENTS IN AUGUST 2011 AND CURRENTLY SERVES STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE. THE FACULTY, STAFF, AND OTHER STAKEHOLDERS WANT TO PROVIDE AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM AND HAVE GRADUATE STUDENTS WITH BILINGUAL AND BILITERATE SKILLS IN MANDARIN CHINESE AND ENGLISH. ALSO, THEY ARE DEDICATED TO NURTURING INTELLECTUAL CURIOSITY, INTERNATIONAL PERSPECTIVE, AND DILIGENCE IN ATTAINING PERSONAL GOALS, AND DEVELOPING YOUNG PEOPLE WITH COMPASSION, SOUND MORAL CHARACTER, AND A SENSE OF RESPONSIBILITY FOR THE COMMUNITY AND THE ENVIRONMENT.
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IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1SPECIAL EDUCATION ENCROAC
IRS990/OtherExpensesGrp/Desc2BUSINESS SERVICES
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IRS990/OtherSalariesAndWagesGrp/TotalAmt01247074
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt082462
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IRS990/ProgramServiceRevenueGrp/Desc0AFTER SCHOOL PROGRAM
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0YU MING CHARTER SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSE 22,657
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 22,657
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF YU MING CHARTER SCHOOL IS TO PROVIDE A CHALLENGING AND COMPREHENSIVE EDUCATION FOR KINDERGARTEN THROUGH 2ND GRADE STUDENTS, THROUGH A MANDARIN IMMERSION PROGRAM, PREPARING THEM TO BE INQUISITIVE AND ANALYTIC LIFELONG LEARNERS IN THE 21ST CENTURY. YU MING CHARTER SCHOOL BEGAN SERVING STUDENTS IN AUGUST 2011 AND CURRENTLY SERVES STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE. THE FACULTY, STAFF, AND OTHER STAKEHOLDERS WANT TO PROVIDE AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM AND HAVE GRADUATE STUDENTS WITH BILINGUAL AND BILITERATE SKILLS IN MANDARIN CHINESE AND ENGLISH. ALSO, THEY ARE DEDICATED TO NURTURING INTELLECTUAL CURIOSITY, INTERNATIONAL PERSPECTIVE, AND DILIGENCE IN ATTAINING PERSONAL GOALS, AND DEVELOPING YOUNG PEOPLE WITH COMPASSION, SOUND MORAL CHARACTER, AND A SENSE OF RESPONSIBILITY FOR THE COMMUNITY AND THE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 FOR REVIEW BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND FILE WITH THE COUNTY OFFICE OF EDUCATION, FORM 700-CONFLICT OF INTEREST FORM, ON AN ANNUAL BASIS IN ORDER TO VERIFY THAT THERE IS NO FINANCIAL CONFLICT OF INTEREST PREVENTING THEM FROM SERVING ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIRECTOR'S SALARIES ARE DETERMINED USING SALARY SCALES FOR EQUIVALENT POSITIONS IN THE DEMOGRAPHIC REGION/DISTRICT. SALARIES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS TO ENSURE THEY ARE IN LINE WITH COMPARABLE POSITIONS IN THE REGION AND THE SCHOOL'S OVERALL OPERATING BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAME AS ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST THE GOVERNING BOARD SECRETARY WILL MAKE THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER FEES 366,897 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUNDRAISING EXPENSE 22,657 FUNDRAISING EXPENSES -22,657
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
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ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YU MING CHARTER SCHOOL

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