Civic Intelligence

Ray Chinese School

990 • Fiscal year 2020 • EIN 36-4102156

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 26, 2021

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

66th percentile

0.16x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.21x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

34th percentile

-1.6%

Higher net margin than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

58th percentile

$24,516

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

46th percentile

4.3%

Faster asset growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Revenue Growth

64th percentile

8.1%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$913,199

Up $73,527 (+8.8%) from 2018

Net Assets

Down

$767,782

Down $4,690 (-0.6%) from 2018

Liabilities

Up

$145,417

Up $78,217 (+116%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin34th percentile

Revenue

Up

$685,808

Up $99,106 (+17%) from 2018

Expenses

Up

$697,101

Up $144,281 (+26%) from 2018

Net Income

Down

-$11,293

Down $45,175 (-133%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2020

Assets$913,199
Liabilities$145,417
Net Assets$767,782
Open 2020 Filing

Operations Trend

Revenue Growth64th 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

2020

Revenue$685,808
Expenses$697,101
Net Income-$11,293
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 26, 2021
Return Version
2019v5.0
Gross Receipts
$685,808
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$415,614$636,787▲ $221,173
Savings and Temporary Cash Investments$361,087$253,744▼ $107,343
Prepaid Expenses and Deferred Charges$7,113$22,668▲ $15,555
Total Assets$783,814$913,199▲ $129,385
Liabilities
Deferred Revenue-$138,205-
Accounts Payable and Accrued Expenses$4,739$7,212▲ $2,473
Total Liabilities$4,739$145,417▲ $140,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$779,075$767,782▼ $11,293
Total Net Assets Fund Balance$779,075$767,782▼ $11,293
Total Liabilities and Net Assets / Fund Balance$783,814$913,199▲ $129,385

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$17,464$17,464
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jian XiAssistant PrPT$24,516$24,516
Bing ZhangHr DirectorPT$17,641$17,641
Jiyong ZhaoPrincipalPT$17,488$17,488
Jinai SunAssistant PrPT$11,556$11,556
Lydia WuFinance DirePT$9,377$9,377
Shuxiang ZengIt Director-$7,830$7,830
Fang ZhangInformationPT$7,820$7,820
Jian WuGeneral Dire-$7,171$7,171
Bo XuGeneral Dire-$3,971$3,971
Stacy HuangComms Direct-$2,810$2,810
Revenue and Support

Revenue Composition

Contributions and Grants
$54,703
Program Service Revenue
$620,719
Investment Income
$10,386
Other Revenue
$0
All Other Contributions
$54,703
Change in Net Assets
$-11,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$424,244
Salaries, Compensation, and Employee Benefits$272,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$235,192--$235,192
Occupancy$63,798$3,444-$67,242
All Other Expenses$17,148$15,155-$32,303
Payroll Taxes$18,755$1,422-$20,177
Current Officers, Directors, Trustees, and Key Employees-$17,488-$17,488
Other Expenses$15,522$46,395-$15,522
Fees for Services Accounting-$6,985-$6,985
Office Expenses$5,983$888-$6,871
Insurance-$5,344-$5,344
Conferences and Meetings-$4,572-$4,572
Advertising-$1,285-$1,285
Information Technology$813$420-$1,233
Total Functional Expenses$501,012$196,089$0$697,101
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
No
Business relationship with 35% controlled entity
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Each family registerted 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, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 11B

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

Form 990, Page 6, 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, Page 6, 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 are figures.”

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

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

Form 990, Page 6, Part VI, Line 19

“All governing documents and policies are avaliable for public upon request. The past year's financial information is disclosed during the annual parent meeting at the begaining of hte school year. In addition, that information is published on the organization's 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
Jason Xi
Title
Principal
Phone
6304019851
Signed
2021-02-26

Organization Details

Principal Officer
Jason Xi
Formed
1996
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
33

Preparer

Firm
Enterprise Cpas Ltd
Address
209 W 23RD ST STE 2, CHICAGO, IL 60616
Preparer
David Liu
Phone
3123263412
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission is to provide a multicultural experience to children by teaching chinese language and cultureal inheritance, inculding chinese literature, painting, dancing, music, chess, and martial arts. Its mission is to enrich children's multicultureal experience by teaching chinese language.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RevenueAmt0620719
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0361087
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0253744
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017464
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017464
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION IS TO PROVIDE A MULTICULTURAL EXPERIENCE TO CHILDREN BY TEACHING CHINESE LANGUAGE AND CULTUREAL INHERITANCE, INCULDING CHINESE LITERATURE, PAINTING, DANCING, MUSIC, CHESS, AND MARTIAL ARTS. ITS MISSION IS TO ENRICH CHILDREN'S MULTICULTUREAL EXPERIENCE BY TEACHING CHINESE LANGUAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH FAMILY REGISTERTED 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/ExplanationTxt2MEMBERS ELECT THE VOTING MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFTF OF FORM 990 IS REVIEWED BY THE FINANCE COMMITEE, WHO PRESENTS IT TO THE BOARD FOR ITS APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND PRESENTED TO ALL NEW EMPLOYEES AT HIRING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF ALL MANAGEMENT AND EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION USES COMPARABILITY DATA FROM ONLINE SALARY CALCULATIONS AND ARE FIGURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF ALL MANAGEMENT AND EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION USES COMPARABILITY DATA FROM ONLINE SALARY CALCULATIONS AND ARE FIGURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL GOVERNING DOCUMENTS AND POLICIES ARE AVALIABLE FOR PUBLIC UPON REQUEST. THE PAST YEAR'S FINANCIAL INFORMATION IS DISCLOSED DURING THE ANNUAL PARENT MEETING AT THE BEGAINING OF HTE SCHOOL YEAR. IN ADDITION, THAT INFORMATION IS PUBLISHED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0913199
IRS990/TotalAssetsGrp/BOYAmt0783814
IRS990/TotalAssetsGrp/EOYAmt0913199
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054703
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0196089
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0501012
IRS990/TotalFunctionalExpensesGrp/TotalAmt0697101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04739
IRS990/TotalLiabilitiesEOYAmt0145417
IRS990/TotalLiabilitiesGrp/BOYAmt04739
IRS990/TotalLiabilitiesGrp/EOYAmt0145417
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0779075
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0767782
IRS990/TotalProgramServiceExpensesAmt0501012
IRS990/TotalProgramServiceRevenueAmt0620719
IRS990/TotalReportableCompFromOrgAmt0110180
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0631105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0685808
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0783814
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0913199
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON XI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum06304019851
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-26
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/PreparerFirmEIN0364416654
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ENTERPRISE CPAS LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0209 W 23RD ST STE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060616
ReturnHeader/PreparerPersonGrp/PhoneNum03123263412
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID LIU
ReturnHeader/ReturnTs02021-02-26T17:33:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$913,199
Liabilities
$145,417
Net assets
$767,782
Revenue
$685,808
Expenses
$697,101
Net income
-$11,293
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