Civic Intelligence

Ray Chinese School

990 • Fiscal year 2024 • EIN 36-4102156

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 28, 2025

PO Box 4018Naperville, IL 60567

(630) 854-1282

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.11x

Higher debt load relative to assets than 70% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$29,494

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

24th percentile

-5.9%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$883,239

Down $55,440 (-5.9%) from 2023

Net Assets

Up

$785,987

Up $15,020 (+1.9%) from 2023

Liabilities

Down

$97,252

Down $70,460 (-42%) from 2023

Revenue

Down

$574,420

Down $17,293 (-2.9%) from 2023

Expenses

Down

$562,733

Down $41,405 (-6.9%) from 2023

Net Income

Up

$11,687

Up $24,112 (+194%) from 2023

Historical Trend

Balance Sheet Trend

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

2024

Assets$883,239
Liabilities$97,252
Net Assets$785,987

Operations Trend

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

2024

Revenue$574,420
Expenses$562,733
Net Income$11,687
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 28, 2025
Return Version
2023v6.0
Gross Receipts
$574,420
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 culture inheritance, including chinese literature, painting, dancing, music, chess, and martial arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$614,069$737,713▲ $123,644
Savings and Temporary Cash Investments$288,003$127,000▼ $161,003
Prepaid Expenses and Deferred Charges$32,622$17,506▼ $15,116
Accounts Receivable$3,985$1,020▼ $2,965
Total Assets$938,679$883,239▼ $55,440
Liabilities
Deferred Revenue$117,884$83,110▼ $34,774
Accounts Payable and Accrued Expenses$15,218--
Other Liabilities$34,610$14,142▼ $20,468
Total Liabilities$167,712$97,252▼ $70,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$761,767$777,287▲ $15,520
Net Assets With Donor Restrictions$9,200$8,700▼ $500
Total Net Assets Fund Balance$770,967$785,987▲ $15,020
Total Liabilities and Net Assets / Fund Balance$938,679$883,239▼ $55,440

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$17,462$17,462
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lihong ShiTeacher/campPT$29,494$29,494
Yifeng LiaoDir./summersPT$14,600$14,600
Yijin ZhouFinance DirePT$9,245$9,245
Jing HanTeacher/recePT$8,606$8,606
Jinai SunAsstprinc/prPT$8,420$8,420
Jason XiPrincipalPT$8,252$8,252
Li GaoDir/asst PriPT$5,500$5,500
Yi LuTeacher/recePT$5,363$5,363
Xuhua ZhaoHr DirectorPT$5,308$5,308
Jun WuAssistant PrPT$4,744$4,744
Bing ZhangAssistant PrPT$3,860$3,860
Yichong YiGeneral DirePT$3,414$3,414
Sheng WangDean of EducPT$3,220$3,220
Yunpeng LiRegistrationPT$3,092$3,092
Yan GuoComms DirectPT$3,060$3,060
Ricky SunWeb Administ-$2,048$2,048

Board Members and Trustees

NameTitle
Jie SuChairman
Chunli LiDirector
Lin JiaDirector
Mingshu WangDirector
Rusong XuDirector
Wenquan LuDirector
Xinyue ChangDirector
Ying WangDirector
Xingwan LiDirector/CHA
Revenue and Support

Revenue Composition

Contributions and Grants
$17,348
Program Service Revenue
$534,072
Investment Income
$22,451
Other Revenue
$549
All Other Contributions
$17,348
Change in Net Assets
$11,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$323,024
Salaries, Compensation, and Employee Benefits$239,209
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$219,332--$219,332
Occupancy$60,369--$60,369
All Other Expenses$11,466$10,049-$21,515
Payroll Taxes$19,877--$19,877
Other Expenses$11,665$10,326-$10,326
Insurance-$9,421-$9,421
Conferences and Meetings-$7,957-$7,957
Fees for Services Accounting-$7,560-$7,560
Advertising-$1,425-$1,425
Office Expenses-$757-$757
Grants to Domestic Individuals$500--$500
Total Functional Expenses$515,238$47,495$0$562,733
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$12,510
Accrued Payroll Expense$1,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 comittee, who presents it to the board for its approval.

Form 990, Page 6, Part VI, Line 19

All governing documents and policies are available for public upon request. The past year's financial information is disclosed during the annual parent meeting at the beginning of the school year.

Filing and Contact Details

Filer

Filer Name
Ray Chinese School
EIN
36-4102156
Phone
6308541282
Address
PO BOX 4018, NAPERVILLE, IL 60567

Signing Officer

Name
Jinai Sun
Title
Asstprinc/principal
Phone
6308541282
Signed
2025-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jinai Sun
Formed
1996
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
24

Preparer

Firm
Iacctax
Address
1020 MILWAUKEE AVE STE 305, DEERFIELD, IL 60015
Preparer
Fan Li
Phone
8478505300
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior year adjustment 3,333

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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/Form990PartVIISectionAGrp/TitleTxt12DEAN OF EDUC
IRS990/Form990PartVIISectionAGrp/TitleTxt13REGISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt14COMMS DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt15WEB ADMINIST
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR/CHA
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0574420
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt013
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09421
IRS990/InsuranceGrp/TotalAmt09421
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt022451
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022451
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017462
IRS990/LandBldgEquipCostOrOtherBssAmt017462
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0RAY CHINESE SCHOOL IS A NON-FOR-PROFIT CORPORATION THAT OPERATES ONE OF THE LARGEST CHINESE SCHOOLS IN THE CHICAGO AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0770967
IRS990/NetAssetsOrFundBalancesEOYAmt0785987
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0761767
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0777287
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt060369
IRS990/OccupancyGrp/TotalAmt060369
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0757
IRS990/OfficeExpensesGrp/TotalAmt0757
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt03333
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICE
IRS990/OtherExpensesGrp/Desc1TEXT BOOKS
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3GIFT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010326
IRS990/OtherExpensesGrp/ProgramServicesAmt0169130
IRS990/OtherExpensesGrp/ProgramServicesAmt122899
IRS990/OtherExpensesGrp/ProgramServicesAmt211665
IRS990/OtherExpensesGrp/TotalAmt0169130
IRS990/OtherExpensesGrp/TotalAmt122899
IRS990/OtherExpensesGrp/TotalAmt211665
IRS990/OtherExpensesGrp/TotalAmt310326
IRS990/OtherLiabilitiesGrp/BOYAmt034610
IRS990/OtherLiabilitiesGrp/EOYAmt014142
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0549
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0549
IRS990/OtherRevenueTotalAmt0549
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0219332
IRS990/OtherSalariesAndWagesGrp/TotalAmt0219332
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt019877
IRS990/PayrollTaxesGrp/TotalAmt019877
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032622
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017506
IRS990/PrincipalOfficerNm0JINAI SUN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SALE OF BOOK
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0534052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0534052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIP WITH TEMPORARY RESTRICTION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt018123
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt02906
IRS990/PYOtherExpensesAmt0379658
IRS990/PYProgramServiceRevenueAmt0570684
IRS990/PYRevenuesLessExpensesAmt0-12425
IRS990/PYSalariesCompEmpBnftPaidAmt0223980
IRS990/PYTotalExpensesAmt0604138
IRS990/PYTotalRevenueAmt0591713
IRS990/ReconcilationRevenueExpnssAmt011687
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0534072
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0288003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0127000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017462
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL EXPENSE
IRS990ScheduleD/TotalLiabilityAmt014142
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 COMITTEE, WHO PRESENTS IT TO THE BOARD FOR ITS APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC UPON REQUEST. THE PAST YEAR'S FINANCIAL INFORMATION IS DISCLOSED DURING THE ANNUAL PARENT MEETING AT THE BEGINNING OF THE SCHOOL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR ADJUSTMENT 3,333
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0938679
IRS990/TotalAssetsEOYAmt0883239
IRS990/TotalAssetsGrp/BOYAmt0938679
IRS990/TotalAssetsGrp/EOYAmt0883239
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt017348
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047495
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0515238
IRS990/TotalFunctionalExpensesGrp/TotalAmt0562733

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