Civic Intelligence

Ray Chinese School

990 • Fiscal year 2023 • EIN 36-4102156

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 23, 2024

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

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.28x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

36th percentile

-2.1%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

61st percentile

$31,507

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

32nd percentile

-2.5%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

7.8%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$938,679

Down $23,765 (-2.5%) from 2022

Net Assets

Down

$770,967

Down $12,725 (-1.6%) from 2022

Liabilities

Down

$167,712

Down $11,040 (-6.2%) from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin36th percentile

Revenue

Up

$591,713

Up $42,622 (+7.8%) from 2022

Expenses

Up

$604,138

Up $64,921 (+12%) from 2022

Net Income

Down

-$12,425

Down $22,299 (-226%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2023

Assets$938,679
Liabilities$167,712
Net Assets$770,967
Open 2023 Filing

Operations Trend

Revenue Growth50th 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

2023

Revenue$591,713
Expenses$604,138
Net Income-$12,425
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 23, 2024
Return Version
2022v5.0
Gross Receipts
$591,713
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$665,728$614,069▼ $51,659
Savings and Temporary Cash Investments$262,361$288,003▲ $25,642
Prepaid Expenses and Deferred Charges$32,289$32,622▲ $333
Accounts Receivable$2,066$3,985▲ $1,919
Total Assets$962,444$938,679▼ $23,765
Liabilities
Deferred Revenue$170,848$117,884▼ $52,964
Other Liabilities-$34,610-
Accounts Payable and Accrued Expenses$7,904$15,218▲ $7,314
Total Liabilities$178,752$167,712▼ $11,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$774,192$770,967▼ $3,225
Net Assets With Donor Restrictions$9,500--
Total Net Assets Fund Balance$783,692$770,967▼ $12,725
Total Liabilities and Net Assets / Fund Balance$962,444$938,679▼ $23,765

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$17,462$17,462
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason XiPrincipalPT$31,507$31,507
Bing ZhangAssistant PrPT$22,950$22,950
Yijin ZhouFinance DirePT$9,181$9,181
Yifeng LiaoRegistrationPT$5,840$5,840
Yicong YiGeneral DirePT$5,838$5,838
Li GaoComms DirectPT$5,364$5,364
Jinai SunPrincipalPT$3,650$3,650
Yiliang WangAssistant PrPT$3,404$3,404
Ying GanHr Director-$2,284$2,284
Xuhua ZhaoHr Director-$2,184$2,184

Board Members and Trustees

NameTitle
Jie SuChairman
Lin JiaDirector
Mingshu WangDirector
Rusong XuDirector
Wenquan LuDirector
Xingchen YuanDirector
Xingwan LiDirector
Yanning CaiDirector
Ying WangDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$18,123
Program Service Revenue
$570,684
Investment Income
$2,906
Other Revenue
$0
All Other Contributions
$18,123
Change in Net Assets
$-12,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$379,658
Salaries, Compensation, and Employee Benefits$223,980
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,980--$223,980
Occupancy$67,860--$67,860
All Other Expenses$7,795$8,551-$16,346
Insurance-$9,949-$9,949
Fees for Services Accounting-$6,899-$6,899
Other Expenses$5,875$8,147-$5,875
Conferences and Meetings-$4,371-$4,371
Office Expenses-$2,327-$2,327
Advertising-$1,962-$1,962
Grants to Domestic Individuals$500--$500
Fees for Services Legal-$250-$250
Total Functional Expenses$465,939$138,199$0$604,138
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
Accrued Expense$32,331
Accrued Payroll$2,279
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
No
Other officer compensation reviewed
No
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 with students enrolled in core chinese class has the right to vote for the board of directors. Only family with students enrolled in core chinese class can be elected as board of directors.”

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 draft 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 19

“All governing documents and policies are avaliable for public upon request. The past year's financial information is disclosed during the annual parent metting at the begaining of the school year.”

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
Jinai Sun
Title
Principal
Phone
6304019851
Signed
2024-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jinai Sun
Formed
1996
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
29

Preparer

Firm
Iacctax
Address
1020 MILWAUKEE AVE STE 305, DEERFIELD, IL 60015
Preparer
Fan Li
Phone
8478505300
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IRS990/OccupancyGrp/TotalAmt067860
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02327
IRS990/OfficeExpensesGrp/TotalAmt02327
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18147
IRS990/OtherExpensesGrp/ProgramServicesAmt0137424
IRS990/OtherExpensesGrp/ProgramServicesAmt122505
IRS990/OtherExpensesGrp/ProgramServicesAmt25875
IRS990/OtherExpensesGrp/TotalAmt0233167
IRS990/OtherExpensesGrp/TotalAmt122505
IRS990/OtherExpensesGrp/TotalAmt28147
IRS990/OtherExpensesGrp/TotalAmt35875
IRS990/OtherLiabilitiesGrp/EOYAmt034610
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0223980
IRS990/OtherSalariesAndWagesGrp/TotalAmt0223980
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032289
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032622
IRS990/PrincipalOfficerNm0JINAI SUN
IRS990/PriorPeriodAdjustmentsAmt0-300
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0570684
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP WITH TEMPORARY RESTRICTION
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500
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IRS990/PYContributionsGrantsAmt026800
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IRS990/PYInvestmentIncomeAmt04294
IRS990/PYOtherExpensesAmt0353016
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IRS990/PYRevenuesLessExpensesAmt09874
IRS990/PYSalariesCompEmpBnftPaidAmt0186201
IRS990/PYTotalExpensesAmt0539217
IRS990/PYTotalRevenueAmt0549091
IRS990/ReconcilationRevenueExpnssAmt0-12425
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0570684
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0262361
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IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017462
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt032331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL
IRS990ScheduleD/TotalLiabilityAmt034610
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH FAMILY WITH STUDENTS ENROLLED IN CORE CHINESE CLASS HAS THE RIGHT TO VOTE FOR THE BOARD OF DIRECTORS. ONLY FAMILY WITH STUDENTS ENROLLED IN CORE CHINESE CLASS CAN BE ELECTED AS BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE VOTING MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF FORM 990 IS REVIEWED BY THE FINANCE COMMITEE, WHO PRESENTS IT TO THE BOARD FOR ITS APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND POLICIES ARE AVALIABLE FOR PUBLIC UPON REQUEST. THE PAST YEAR'S FINANCIAL INFORMATION IS DISCLOSED DURING THE ANNUAL PARENT METTING AT THE BEGAINING OF THE SCHOOL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0962444
IRS990/TotalAssetsEOYAmt0938679
IRS990/TotalAssetsGrp/BOYAmt0962444
IRS990/TotalAssetsGrp/EOYAmt0938679
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018123
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0138199
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0465939
IRS990/TotalFunctionalExpensesGrp/TotalAmt0604138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0178752
IRS990/TotalLiabilitiesEOYAmt0167712
IRS990/TotalLiabilitiesGrp/BOYAmt0178752
IRS990/TotalLiabilitiesGrp/EOYAmt0167712
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0783692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0770967
IRS990/TotalProgramServiceExpensesAmt0465939
IRS990/TotalProgramServiceRevenueAmt0570684
IRS990/TotalReportableCompFromOrgAmt092202
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0573590
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0591713
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0962444
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0938679
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.RAYCHINESESCHOOL.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JINAI SUN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum06304019851
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-23
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/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383732637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0IACCTAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01020 MILWAUKEE AVE STE 305
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DEERFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08478505300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FAN LI
ReturnHeader/ReturnTs02024-03-10T21:18:42-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JINAI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SUN
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$938,679
Liabilities
$167,712
Net assets
$770,967
Revenue
$591,713
Expenses
$604,138
Net income
-$12,425
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