Civic Intelligence

Ray Chinese School

990 • Fiscal year 2017 • EIN 36-4102156

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 15, 2018

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

59th percentile

0.07x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.10x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

60th percentile

7.9%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$17,550

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

54th percentile

4.8%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Revenue Growth

44th percentile

1.8%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$797,555

Up $70,902 (+9.8%) from 2015

Net Assets

Up

$738,590

Up $96,467 (+15%) from 2015

Liabilities

Down

$58,965

Down $25,565 (-30%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin60th percentile

Revenue

Up

$578,655

Up $20,547 (+3.7%) from 2015

Expenses

Down

$533,219

Down $49,377 (-8.5%) from 2015

Net Income

Up

$45,436

Up $69,924 (+286%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

2017

Assets$797,555
Liabilities$58,965
Net Assets$738,590
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

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

2017

Revenue$578,655
Expenses$533,219
Net Income$45,436
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 15, 2018
Return Version
2016v3.0
Gross Receipts
$578,655
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$629,668$683,107▲ $53,439
Savings and Temporary Cash Investments$111,037$111,039▲ $2
Land, Buildings, and Equipment, Net$4,508$3,409▼ $1,099
Prepaid Expenses and Deferred Charges$2,542--
Accounts Receivable$125--
Total Assets$747,880$797,555▲ $49,675
Liabilities
Deferred Revenue$40,927$38,872▼ $2,055
Accounts Payable and Accrued Expenses$13,799$20,093▲ $6,294
Total Liabilities$54,726$58,965▲ $4,239
Net Assets / Fund Balance
Unrestricted Net Assets$693,154$738,590▲ $45,436
Total Net Assets Fund Balance$693,154$738,590▲ $45,436
Total Liabilities and Net Assets / Fund Balance$747,880$797,555▲ $49,675

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,409$13,597$17,006
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Renjie FuPrincipalPT$17,550$17,550
Lei WangAss. PrincipalPT$11,809$11,809
Huaibo ZhangAss. PrincipalPT$8,637$8,637
Jie LiDirectorPT$6,043$6,043
Ping FangDirector-$3,373$3,373
Hongqi XiangDirectorPT$2,908$2,908
Yingjun TangDirectorPT$2,722$2,722
Lydia WuDirector-$2,145$2,145
Stacy HuangDirector-$2,110$2,110
Revenue and Support

Revenue Composition

Contributions and Grants
$7,252
Program Service Revenue
$570,777
Investment Income
$626
Other Revenue
$0
All Other Contributions
$7,252
Change in Net Assets
$45,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,655
Total Revenue per Audited Statements
$578,655
Total Revenue per Form 990
$578,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,867
Salaries, Compensation, and Employee Benefits$264,352
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$197,631$29,807-$227,438
Occupancy$80,907$8,990-$89,897
Payroll Taxes$23,111$2,981-$26,092
Other Employee Benefits$9,740$1,082-$10,822
All Other Expenses$7,323$569-$7,892
Insurance-$7,102-$7,102
Information Technology$2,573$2,954-$5,527
Other Expenses$4,433--$4,433
Travel-$3,763-$3,763
Office Expenses$3,162$360-$3,522
Fees for Services Accounting-$2,709-$2,709
Conferences and Meetings-$1,957-$1,957
Depreciation Depletion-$1,099-$1,099
Fees for Services Legal-$1,000-$1,000
Advertising-$375-$375
Total Functional Expenses$468,471$64,748$0$533,219

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$533,219
Total Expenses per Audited Statements$533,219
Total Expenses per Form 990$533,219
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 begaining 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
Guangjin Wu
Title
Director of Accounting and Finance
Signed
2018-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Renjie Fu
Formed
1996
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
37

Preparer

Firm
Prominent CPAs & Associates LLC
Address
47 W Polk St Ste 208, Chicago, IL 60605
Preparer
Fan Li
Phone
3124502347
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0224758
IRS990/PYProgramServiceRevenueAmt0592798
IRS990/PYRevenuesLessExpensesAmt051031
IRS990/PYSalariesCompEmpBnftPaidAmt0325091
IRS990/PYTotalExpensesAmt0549849
IRS990/PYTotalRevenueAmt0600880
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt045436
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0570777
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0111037
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0111039
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/BookValueAmt03409
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013597
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017006
IRS990ScheduleD/ExpensesSubtotalAmt0533219
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0578655
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03409
IRS990ScheduleD/TotalExpensesPerForm990Amt0533219
IRS990ScheduleD/TotalRevenuePerForm990Amt0578655
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0578655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0533219
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 BEGAINING 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/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0747880
IRS990/TotalAssetsEOYAmt0797555
IRS990/TotalAssetsGrp/BOYAmt0747880
IRS990/TotalAssetsGrp/EOYAmt0797555
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07252
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064748
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0468471
IRS990/TotalFunctionalExpensesGrp/TotalAmt0533219
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054726
IRS990/TotalLiabilitiesEOYAmt058965
IRS990/TotalLiabilitiesGrp/BOYAmt054726
IRS990/TotalLiabilitiesGrp/EOYAmt058965
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0693154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0738590
IRS990/TotalProgramServiceExpensesAmt0457535
IRS990/TotalProgramServiceRevenueAmt0570777
IRS990/TotalReportableCompFromOrgAmt057297
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0578655
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0747880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0797555
IRS990/TravelGrp/ManagementAndGeneralAmt03763
IRS990/TravelGrp/TotalAmt03763
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0693154
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0738590
IRS990/UponRequestInd0X
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/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Guangjin Wu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director of Accounting and Finance
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Ray Chinese School
ReturnHeader/Filer/BusinessNameControlTxt0RAYC
ReturnHeader/Filer/EIN0364102156
ReturnHeader/Filer/PhoneNum06304019851

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$797,555
Liabilities
$58,965
Net assets
$738,590
Revenue
$578,655
Expenses
$533,219
Net income
$45,436
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