Civic Intelligence

Ray Chinese School

990 • Fiscal year 2015 • EIN 36-4102156

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 04, 2016

Organization ProfileWWW.RAYCHINESESCHOOL.ORG
PO Box 4018Naperville, IL 60567

(630) 401-9851

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.12x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.15x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$12,648

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets62nd percentile

Assets

$726,653

No earlier filing loaded for comparison.

Net Assets

$642,123

No earlier filing loaded for comparison.

Liabilities

$84,530

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin29th percentile

Revenue

$558,108

No earlier filing loaded for comparison.

Expenses

$582,596

No earlier filing loaded for comparison.

Net Income

-$24,488

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.

$1.0M$500K$0Assets 2015: $726,653Liabilities 2015: $84,530Net Assets 2015: $642,1232015Assets 2017: $797,555Liabilities 2017: $58,965Net Assets 2017: $738,5902017Assets 2018: $839,672Liabilities 2018: $67,200Net Assets 2018: $772,4722018Assets 2020: $913,199Liabilities 2020: $145,417Net Assets 2020: $767,7822020Assets 2021: $918,693Liabilities 2021: $144,875Net Assets 2021: $773,8182021Assets 2022: $962,444Liabilities 2022: $178,752Net Assets 2022: $783,6922022Assets 2023: $938,679Liabilities 2023: $167,712Net Assets 2023: $770,9672023Assets 2024: $883,239Liabilities 2024: $97,252Net Assets 2024: $785,9872024Assets 2025: $915,601Liabilities 2025: $77,699Net Assets 2025: $837,9022025

Highlighted filing

2015

Assets$726,653
Liabilities$84,530
Net Assets$642,123
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $558,108Expenses 2015: $582,596Net Income 2015: -$24,4882015Revenue 2017: $578,655Expenses 2017: $533,219Net Income 2017: $45,4362017Revenue 2018: $586,702Expenses 2018: $552,820Net Income 2018: $33,8822018Revenue 2020: $685,808Expenses 2020: $697,101Net Income 2020: -$11,2932020Revenue 2021: $588,272Expenses 2021: $582,236Net Income 2021: $6,0362021Revenue 2022: $549,091Expenses 2022: $539,217Net Income 2022: $9,8742022Revenue 2023: $591,713Expenses 2023: $604,138Net Income 2023: -$12,4252023Revenue 2024: $574,420Expenses 2024: $562,733Net Income 2024: $11,6872024Revenue 2025: $552,538Expenses 2025: $500,423Net Income 2025: $52,1152025

Highlighted filing

2015

Revenue$558,108
Expenses$582,596
Net Income-$24,488
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 4, 2016
Return Version
2014v6.0
Gross Receipts
$558,108
Mission and Program Overview

Mission

Ray chinese school is a non-for-profit corporation that operates one of the largest chinese schools in the chicago area.

Ray chinese school is a non-for-profit corporation that operates one of the largest chinese schools in the chicagoland area. Its mission is to enrich childrens multicultureal experience by teaching chinese language.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,289$603,939▲ $504,650
Savings and Temporary Cash Investments$607,819$111,015▼ $496,804
Prepaid Expenses and Deferred Charges$11,326$5,884▼ $5,442
Land, Buildings, and Equipment, Net$7,929$5,815▼ $2,114
Accounts Receivable$250--
Total Assets$726,613$726,653▲ $40
Liabilities
Deferred Revenue$41,725$62,235▲ $20,510
Accounts Payable and Accrued Expenses$18,277$22,295▲ $4,018
Total Liabilities$60,002$84,530▲ $24,528
Net Assets / Fund Balance
Unrestricted Net Assets$666,611$642,123▼ $24,488
Total Net Assets Fund Balance$666,611$642,123▼ $24,488
Total Liabilities and Net Assets / Fund Balance$726,613$726,653▲ $40

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,815$11,191$17,006
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jin ZhongminPrincipalPT$12,648$12,648
Hu XiaoleiAss. PrincipalPT$12,273$12,273
Tang XueqingAss. PrincipalPT$7,343$7,343

Board Members and Trustees

NameTitle
Ai JunmeiDirector
Fu RenjieDirector
Li JieDirector
Tang YingjunDirector
Xiang HongqiDirector
Zeng ShuxiaDirector
Zheng WendyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$6,740
Program Service Revenue
$550,482
Investment Income
$886
Other Revenue
$0
All Other Contributions
$6,740
Change in Net Assets
$-24,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$558,108
Total Revenue per Audited Statements
$558,108
Total Revenue per Form 990
$558,108
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$355,659
Other Expenses$226,937
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$285,909$69,750-$355,659
Occupancy$128,745--$128,745
All Other Expenses$6,893$9,189-$16,082
Other Expenses$6,658$129-$6,787
Office Expenses$1,869$2,190-$4,059
Fees for Services Accounting-$3,550-$3,550
Insurance-$3,024-$3,024
Travel-$2,899-$2,899
Total Functional Expenses$475,868$106,728$0$582,596

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$582,596
Total Expenses per Audited Statements$582,596
Total Expenses per Form 990$582,596
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6

“Each family registered with the organization has the right to vote to elect voting members. Only parents with children currently enrolled can be elected to serve.”

Form 990, Part VI, Line 7A

“Members elect the voting members of the governing body.”

Form 990, Part VI, Line 11B

“A draft of form 990 is reviewed by the finance committee, who presents it to the board for its approval.”

Form 990, Part VI, Line 12C

“The conflict of interest policy is reviewed annually by the board of directors and presented to all new employees at hiring.”

Form 990, Part VI, Line 15A

“Compensation of all management and employees is approved by the board of directors. The organization uses comparability data from online salary calculations and area figures.”

Form 990, Part VI, Line 19

“All governing documents and policies are available for public upon request. The past years financial information is disclosed during the annual parent meeting at the begainning of the school year. In addition, that information is published on the organizations website.”

Filing and Contact Details

Filer

Filer Name
Ray Chinese School
EIN
36-4102156
Phone
6304019851
Address
PO Box 4018, Naperville, IL 60567

Signing Officer

Name
Wendy Zheng
Title
FinanceAccounting Director
Signed
2016-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Zheng
Formed
1996
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
77

Preparer

Firm
Prominent CPAs & Associates LLC
Address
618 S Park St Ste D, Madison, WI 53715
Preparer
Fan Li
Phone
3124502347
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0550482
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0607819
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0111015
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05815
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011191
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017006
IRS990ScheduleD/ExpensesSubtotalAmt0582596
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0558108
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05815
IRS990ScheduleD/TotalExpensesPerForm990Amt0582596
IRS990ScheduleD/TotalRevenuePerForm990Amt0558108
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0558108
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0582596
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH FAMILY REGISTERED WITH THE ORGANIZATION HAS THE RIGHT TO VOTE TO ELECT VOTING MEMBERS. ONLY PARENTS WITH CHILDREN CURRENTLY ENROLLED CAN BE ELECTED TO SERVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE VOTING MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, WHO PRESENTS IT TO THE BOARD FOR ITS APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND PRESENTED TO ALL NEW EMPLOYEES AT HIRING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF ALL MANAGEMENT AND EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION USES COMPARABILITY DATA FROM ONLINE SALARY CALCULATIONS AND AREA FIGURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC UPON REQUEST. THE PAST YEARS FINANCIAL INFORMATION IS DISCLOSED DURING THE ANNUAL PARENT MEETING AT THE BEGAINNING OF THE SCHOOL YEAR. IN ADDITION, THAT INFORMATION IS PUBLISHED ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0726613
IRS990/TotalAssetsEOYAmt0726653
IRS990/TotalAssetsGrp/BOYAmt0726613
IRS990/TotalAssetsGrp/EOYAmt0726653
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06740
IRS990/TotalEmployeeCnt077
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106728
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0475868
IRS990/TotalFunctionalExpensesGrp/TotalAmt0582596
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060002
IRS990/TotalLiabilitiesEOYAmt084530
IRS990/TotalLiabilitiesGrp/BOYAmt060002
IRS990/TotalLiabilitiesGrp/EOYAmt084530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0666611
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0642123
IRS990/TotalProgramServiceExpensesAmt0475868
IRS990/TotalProgramServiceRevenueAmt0550482
IRS990/TotalReportableCompFromOrgAmt032264
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0551368
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0558108
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0726613
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0726653
IRS990/TravelGrp/ManagementAndGeneralAmt02899
IRS990/TravelGrp/TotalAmt02899
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0666611
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0642123
IRS990/USAddress/AddressLine1Txt0PO Box 4018
IRS990/USAddress/CityNm0Naperville
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060567
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RAYCHINESESCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Wendy Zheng
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FinanceAccounting Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ray Chinese School
ReturnHeader/Filer/BusinessNameControlTxt0RAYC
ReturnHeader/Filer/EIN0364102156
ReturnHeader/Filer/PhoneNum06304019851
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 4018
ReturnHeader/Filer/USAddress/CityNm0Naperville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Prominent CPAs & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0618 S Park St Ste D

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$726,653
Liabilities
$84,530
Net assets
$642,123
Revenue
$558,108
Expenses
$582,596
Net income
-$24,488
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.16$0.78$8.38$5.53$5.00$0.52
2024Detailed filing. Detailed filing data is available for this year.$8.83$0.97$7.86$5.74$5.63$0.12
2023Detailed filing. Detailed filing data is available for this year.$9.39$1.68$7.71$5.92$6.04$0.12
2022Detailed filing. Detailed filing data is available for this year.$9.62$1.79$7.84$5.49$5.39$0.10
2021Detailed filing. Detailed filing data is available for this year.$9.19$1.45$7.74$5.88$5.82$0.06
2020Detailed filing. Detailed filing data is available for this year.$9.13$1.45$7.68$6.86$6.97$0.11
2018Detailed filing. Detailed filing data is available for this year.$8.40$0.67$7.72$5.87$5.53$0.34
2017Detailed filing. Detailed filing data is available for this year.$7.98$0.59$7.39$5.79$5.33$0.45
2015Detailed filing. Detailed filing data is available for this year.$7.27$0.85$6.42$5.58$5.83$0.24