Civic Intelligence

Fangcao Reading Circle

990EZ • Fiscal year 2021 • EIN 46-4278823

Jan 01, 2021 to Dec 31, 2021 • Filed on May 14, 2022

Organization Profilewww.fcreadingcircle.org
195 Monroe DrPalo Alto, CA 94306

(650) 218-6187

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

27th percentile

-6.7%

Higher net margin than 27% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

22nd percentile

-14%

Faster asset growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-89%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$29,157

Down $4,770 (-14%) from 2020

Net Assets

Down

$29,157

Down $4,770 (-14%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin27th percentile

Revenue

Down

$70,752

Down $594,294 (-89%) from 2020

Expenses

Down

$75,522

Down $639,947 (-89%) from 2020

Net Income

Up

-$4,770

Up $45,653 (+91%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2015: $13,039Liabilities 2015: $02015Assets 2017: $35,240Liabilities 2017: $02017Assets 2018: $112,660Liabilities 2018: $02018Assets 2019: $84,350Liabilities 2019: $02019Assets 2020: $33,927Liabilities 2020: $0Net Assets 2020: $33,9272020Assets 2021: $29,157Net Assets 2021: $29,1572021Assets 2022: $11,208Liabilities 2022: $0Net Assets 2022: $11,2082022Assets 2023: $9,629Liabilities 2023: $0Net Assets 2023: $9,6292023

Highlighted filing

2021

Assets$29,157
Liabilities-
Net Assets$29,157
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2015: $73,874Expenses 2015: $66,862Net Income 2015: $7,0122015Revenue 2017: $72,321Expenses 2017: $73,177Net Income 2017: -$8562017Revenue 2018: $125,014Expenses 2018: $47,594Net Income 2018: $77,4202018Revenue 2019: $105,771Expenses 2019: $134,084Net Income 2019: -$28,3132019Revenue 2020: $665,046Expenses 2020: $715,469Net Income 2020: -$50,4232020Revenue 2021: $70,752Expenses 2021: $75,522Net Income 2021: -$4,7702021Revenue 2022: $33,716Expenses 2022: $51,665Net Income 2022: -$17,9492022Revenue 2023: $37,135Expenses 2023: $38,714Net Income 2023: -$1,5792023

Highlighted filing

2021

Revenue$70,752
Expenses$75,522
Net Income-$4,770
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 14, 2022
Return Version
2021v4.0
Gross Receipts
$70,752
Mission and Program Overview

Mission

Operate a mobile Chinese children library. And donate class libraries to the schools in the remote area in China.

Program Services

DescriptionGrantsExpenses
Donate books with value of $74766 to Shoulder Actions for schools in the remote area.$74,766$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie LiaoPresentFT$0--
Xunyan YangTreasure-$0--
Sharlene WangSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Fangcao Reading Circle
EIN
46-4278823
In Care Of
% Julie Liao
Address
195 Monroe Dr, Palo Alto, CA 94306

Signing Officer

Name
Julie Liao
Title
president
Signed
2022-05-14
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Doing Business As Names

“Mobile Children Chinese Library”

Part I, line 8

“| Other Revenues:, Amount:| Bank Interest $1.46, $1|”

Part I, line 10

“| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Books donation for the remote area schools in China, Shoulder Action, "102 Bigui Building Bili Garden Futian Shenzhen,China", $74766.00, None|”

Raw XML Appendix144 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Julie Liao
IRS990EZ/BooksInCareOfDetail/PhoneNum06502186187
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0195 Monroe Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Palo Alto
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd094306
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt033927
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt029157
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt070751
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4770
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0756
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt033927
IRS990EZ/Form990TotalAssetsGrp/EOYAmt029157
IRS990EZ/GrantsAndSimilarAmountsPaidAmt074766
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt070752
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartIVInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt033927
IRS990EZ/NetAssetsOrFundBalancesEOYAmt029157
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt033927
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt029157
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Julie Liao
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Xunyan Yang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sharlene Wang
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Present
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasure
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherRevenueTotalAmt01
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Operate a mobile Chinese children library. And donate class libraries to the schools in the remote area in China.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Donate books with value of $74766 to Shoulder Actions for schools in the remote area.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ForeignGrantsInd0X
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt074766
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt075522
IRS990EZ/TotalRevenueAmt070752
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| S.No:, Amount:, Description:| 1, $1, Bank Interest $1.46|
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1| S.No:, Year:, Description:|
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part III, line 12
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part III, line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt070751
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0665043
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0105772
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0125013
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070321
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01036900
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99999
IRS990ScheduleA/PublicSupportPY509Pct00.00
IRS990ScheduleA/PublicSupportTotal509Amt01036900
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070751
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0665043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0105772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0125013
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt070321
IRS990ScheduleA/Total509Grp/TotalAmt01036900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt070752
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0665046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0105775
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0125014
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt070322
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01036909
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Mobile Children Chinese Library
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Revenues:, Amount:| Bank Interest $1.46, $1|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Books donation for the remote area schools in China, Shoulder Action, "102 Bigui Building Bili Garden Futian Shenzhen,China", $74766.00, None|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Doing Business As Names
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 10
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Julie Liao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FANGCAO READING CIRCLE
ReturnHeader/Filer/BusinessNameControlTxt0FANG
ReturnHeader/Filer/EIN0464278823
ReturnHeader/Filer/ForeignPhoneNum06502186187
ReturnHeader/Filer/InCareOfNm0% Julie Liao
ReturnHeader/Filer/USAddress/AddressLine1Txt0195 Monroe Dr
ReturnHeader/Filer/USAddress/CityNm0Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094306
ReturnHeader/ReturnTs02022-05-14T16:25:56-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,157
Liabilities
-
Net assets
$29,157
Revenue
$70,752
Expenses
$75,522
Net income
-$4,770
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.37$0.39$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.34$0.52$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.71$0.76$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.34$6.65$7.15$0.50
2019Summary only. Only limited summary data is available for this year.$0.84$0.00$1.06$1.34$0.28
2018Summary only. Only limited summary data is available for this year.$1.13$0.00$1.25$0.48$0.77
2017Summary only. Only limited summary data is available for this year.$0.35$0.00$0.72$0.73$0.01
2015Summary only. Only limited summary data is available for this year.$0.13$0.00$0.74$0.67$0.07