Civic Intelligence

Yu Ming Charter School

990 • Fiscal year 2016 • EIN 27-4260393

Jul 01, 2015 to Jun 30, 2016 • Filed on May 03, 2017

1086 Alcatraz AvenueOakland, CA 94608

(510) 452-2063

Siviq Scores

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

Liabilities / Assets

57th percentile

0.16x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

0.04x

Higher debt load relative to revenue than 34% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

64th percentile

7.3%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

44th percentile

$48,444

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

34%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,008,937

Up $180,733 (+22%) from 2015

Net Assets

Up

$850,612

Up $265,652 (+45%) from 2015

Liabilities

Down

$158,325

Down $84,919 (-35%) from 2015

Revenue

Up

$3,635,635

Up $926,641 (+34%) from 2015

Expenses

Up

$3,369,983

Up $528,533 (+19%) from 2015

Net Income

Up

$265,652

Up $398,108 (+301%) from 2015

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

2016

Assets$1,008,937
Liabilities$158,325
Net Assets$850,612

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

2016

Revenue$3,635,635
Expenses$3,369,983
Net Income$265,652
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 3, 2017
Return Version
2015v3.0
Gross Receipts
$3,635,635
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$458,678$524,866▲ $66,188
Accounts Receivable$315,041$422,760▲ $107,719
Prepaid Expenses and Deferred Charges$40,729$61,311▲ $20,582
Land, Buildings, and Equipment, Net$13,756--
Total Assets$828,204$1,008,937▲ $180,733
Liabilities
Accounts Payable and Accrued Expenses$180,746$158,325▼ $22,421
Unsecured Notes Loans Payable$62,498--
Total Liabilities$243,244$158,325▼ $84,919
Net Assets / Fund Balance
Unrestricted Net Assets$534,691$800,343▲ $265,652
Temporarily Rstr Net Assets$50,269$50,269→ $0
Total Net Assets Fund Balance$584,960$850,612▲ $265,652
Total Liabilities and Net Assets / Fund Balance$828,204$1,008,937▲ $180,733
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sue ParkHead of SchoFT$43,750$4,694$48,444

Board Members and Trustees

NameTitle
Rodrigo PrudencioBoard Chair
Diana LeeVice Chair
Bob DonellyMember
Eric PetersenMember
John WhartonMember
Josh SternMember
Matt MillerMember
Phuoc LeMember
Reichi LeeMember
Robert DonnellyMember
Wai-kiu LeeMember
Thomas PaineSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,186,705
Program Service Revenue
$425,809
Investment Income
$0
Other Revenue
$23,121
All Other Contributions
$434,005
Change in Net Assets
$265,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,635,635
Total Revenue per Audited Statements
$3,635,635
Total Revenue per Form 990
$3,635,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,009,722
Other Expenses$1,360,261
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,513,044$64,095-$1,577,139
Fees for Services Other$470,144--$470,144
Occupancy$78,388$127,897-$206,285
Other Employee Benefits$58,085$74,462-$132,547
Pension Plan Contributions$127,338--$127,338
Current Officers, Directors, Trustees, and Key Employees$106,577--$106,577
Other Expenses$38,324$89,661-$89,661
Office Expenses$27,805$45,365-$73,170
Payroll Taxes$58,351$7,770-$66,121
Fees for Services Management-$65,339-$65,339
Fees for Services Legal$42,052--$42,052
Conferences and Meetings$9,103$13,654-$22,757
Insurance-$21,846-$21,846
Information Technology$5,473$8,930-$14,403
Depreciation Depletion-$13,756-$13,756
Fees for Services Accounting-$11,890-$11,890
Advertising$9,034$1,115-$10,149
Travel$1,804--$1,804
Interest-$173-$173
Total Functional Expenses$2,729,479$640,504$0$3,369,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,369,983
Total Expenses per Audited Statements$3,369,983
Total Expenses per Form 990$3,369,983
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
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 AVENUE, OAKLAND, CA 94608

Signing Officer

Name
Sue Park
Title
Head of School
Phone
5104522063
Signed
2017-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Park
Formed
2010
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
49
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 470,144 0 0

Form 990, Part XI, Line 9

Fundraising expense 0 fundraising expenses 0

Financial Statement Notes

Schedule D, Page 3, Part X

The 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.

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

FUNDRAISING EXPENSE 0

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

FUNDRAISING EXPENSES 0

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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/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2BUSINESS SERVICES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt173927
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IRS990/ProgramServiceRevenueGrp/Desc0AFTER SCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE SALES
IRS990/ProgramServiceRevenueGrp/Desc2FIELD TRIPS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSE 0
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 0
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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IRS990ScheduleD/TotalRevenuePerForm990Amt03635635
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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 470,144 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FUNDRAISING EXPENSE 0 FUNDRAISING EXPENSES 0
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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IRS990/USAddress/AddressLine1Txt01086 ALCATRAZ AVE
IRS990/USAddress/CityNm0OAKLAND
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094608
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
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