Civic Intelligence

Ray Chinese School

990 • Fiscal year 2018 • EIN 36-4102156

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

61st percentile

0.08x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.11x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

56th percentile

5.8%

Higher net margin than 56% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$13,880

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

60th percentile

5.3%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.4%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$839,672

Up $42,117 (+5.3%) from 2017

Net Assets

Up

$772,472

Up $33,882 (+4.6%) from 2017

Liabilities

Up

$67,200

Up $8,235 (+14%) from 2017

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin56th percentile

Revenue

Up

$586,702

Up $8,047 (+1.4%) from 2017

Expenses

Up

$552,820

Up $19,601 (+3.7%) from 2017

Net Income

Down

$33,882

Down $11,554 (-25%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2018

Assets$839,672
Liabilities$67,200
Net Assets$772,472
Open 2018 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

2018

Revenue$586,702
Expenses$552,820
Net Income$33,882
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$586,702
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$683,107$725,677▲ $42,570
Savings and Temporary Cash Investments$111,039$111,063▲ $24
Land, Buildings, and Equipment, Net$3,409$2,932▼ $477
Total Assets$797,555$839,672▲ $42,117
Liabilities
Deferred Revenue$38,872$44,219▲ $5,347
Accounts Payable and Accrued Expenses$20,093$22,981▲ $2,888
Total Liabilities$58,965$67,200▲ $8,235
Net Assets / Fund Balance
Unrestricted Net Assets$738,590$772,472▲ $33,882
Total Net Assets Fund Balance$738,590$772,472▲ $33,882
Total Liabilities and Net Assets / Fund Balance$797,555$839,672▲ $42,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,932$14,532$17,464
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Renjie FuPrincipalPT$13,880$13,880
Huaibo ZhangAssistant PrincipalPT$13,110$13,110
Lei WangAssistant PrincipalPT$10,076$10,076
Lydia WuFinance DirectorPT$7,492$7,492
Bo XuAssistant PrincipalPT$6,994$6,994
Ping FangHr DirectorPT$6,133$6,133
Stacy HuangPublicationPT$5,588$5,588
Fang ZhangInformation It ManagerPT$4,960$4,960
Revenue and Support

Revenue Composition

Contributions and Grants
$18,179
Program Service Revenue
$568,180
Investment Income
$343
Other Revenue
$0
All Other Contributions
$18,179
Change in Net Assets
$33,882

Audited Revenue Reconciliation

Revenue per Audited Statements
$586,702
Total Revenue per Audited Statements
$586,702
Total Revenue per Form 990
$586,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$300,917
Salaries, Compensation, and Employee Benefits$251,903
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$204,425$13,880-$218,305
Occupancy$80,798$8,978-$89,776
Payroll Taxes$21,924$1,399-$23,323
Other Employee Benefits$9,248$1,027-$10,275
Insurance-$7,059-$7,059
Office Expenses$5,608$623-$6,231
Other Expenses$6,104$54,353-$6,104
All Other Expenses$2,558$3,434-$5,992
Conferences and Meetings-$5,268-$5,268
Fees for Services Accounting-$5,233-$5,233
Information Technology$3,070$2,094-$5,164
Travel-$2,100-$2,100
Fees for Services Legal-$2,000-$2,000
Depreciation Depletion-$934-$934
Advertising-$500-$500
Total Functional Expenses$443,938$108,882$0$552,820

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$552,820
Total Expenses per Audited Statements$552,820
Total Expenses per Form 990$552,820
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, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

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

Form 990, Part VI, Section B, 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, Section B, 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, Section B, 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, Section C, 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
Lydia Wu
Title
Finance Director
Phone
8159858523
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jiyong Zhao
Formed
1996
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
42

Preparer

Firm
Everest CPA LLC
Address
3055 TANGLEY OAKS TRL, LISLE, IL 60532
Preparer
Daisy L Huang
Phone
6302072282
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RAYCHINESESCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$839,672
Liabilities
$67,200
Net assets
$772,472
Revenue
$586,702
Expenses
$552,820
Net income
$33,882
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