Civic Intelligence

Ray Chinese School

990 • Fiscal year 2022 • EIN 36-4102156

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 16, 2022

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

75th percentile

0.19x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.33x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

41st percentile

1.8%

Higher net margin than 41% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$41,852

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

56th percentile

4.8%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.7%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$962,444

Up $43,751 (+4.8%) from 2021

Net Assets

Up

$783,692

Up $9,874 (+1.3%) from 2021

Liabilities

Up

$178,752

Up $33,877 (+23%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin41st percentile

Revenue

Down

$549,091

Down $39,181 (-6.7%) from 2021

Expenses

Down

$539,217

Down $43,019 (-7.4%) from 2021

Net Income

Up

$9,874

Up $3,838 (+64%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2022

Assets$962,444
Liabilities$178,752
Net Assets$783,692
Open 2022 Filing

Operations Trend

Revenue Growth31st 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

2022

Revenue$549,091
Expenses$539,217
Net Income$9,874
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 16, 2022
Return Version
2021v4.0
Gross Receipts
$549,091
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$634,660$665,728▲ $31,068
Savings and Temporary Cash Investments$258,171$262,361▲ $4,190
Prepaid Expenses and Deferred Charges$23,796$32,289▲ $8,493
Accounts Receivable$2,066$2,066→ $0
Total Assets$918,693$962,444▲ $43,751
Liabilities
Deferred Revenue$128,082$170,848▲ $42,766
Accounts Payable and Accrued Expenses$16,793$7,904▼ $8,889
Total Liabilities$144,875$178,752▲ $33,877
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$773,818$783,692▲ $9,874
Total Net Assets Fund Balance$773,818$783,692▲ $9,874
Total Liabilities and Net Assets / Fund Balance$918,693$962,444▲ $43,751

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$17,464$17,464
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason XiPrincipalPT$41,852$41,852
Bing ZhangAssistant PrPT$36,161$36,161
Yijin ZhouFinance DirePT$8,366$8,366
Yiliang WangAssistant Pr-$5,829$5,829
Yicong YiGeneral Dire-$4,849$4,849
Fang ZhangRegistration-$4,841$4,841
Li GaoComms Direct-$4,430$4,430
Ying GanHr Director-$4,144$4,144
Yifeng LiaoRegistration-$1,912$1,912
Hao ChenIt Director-$868$868
Revenue and Support

Revenue Composition

Contributions and Grants
$26,800
Program Service Revenue
$517,997
Investment Income
$4,294
Other Revenue
$0
All Other Contributions
$26,800
Change in Net Assets
$9,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,016
Salaries, Compensation, and Employee Benefits$186,201
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,177--$172,177
Occupancy$31,458$440-$31,898
All Other Expenses$17,738$3,676-$21,414
Payroll Taxes$14,024--$14,024
Insurance-$9,060-$9,060
Fees for Services Accounting-$7,341-$7,341
Conferences and Meetings-$5,624-$5,624
Other Expenses$2,218$2,583-$4,801
Advertising-$1,501-$1,501
Total Functional Expenses$384,405$154,812$0$539,217
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
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
2022-03-16

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
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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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.
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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
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ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$962,444
Liabilities
$178,752
Net assets
$783,692
Revenue
$549,091
Expenses
$539,217
Net income
$9,874
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