Civic Intelligence

The LI-Ming Chinese Academy

990 • Fiscal year 2018 • EIN 52-1920292

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 02, 2018

P O Box 84030Gaithersburg, MD 20883

(240) 453-0375

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-8.0%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

29th percentile

-10%

Faster asset growth than 29% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

-3.8%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$132,993

Down $14,788 (-10%) from 2017

Net Assets

Down

$132,892

Down $14,889 (-10%) from 2017

Liabilities

Up

$101

Up $101 from 2017

Revenue

Down

$185,116

Down $7,221 (-3.8%) from 2017

Expenses

Up

$200,005

Up $13,661 (+7.3%) from 2017

Net Income

Down

-$14,889

Down $20,882 (-348%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $54,628Liabilities 2012: $02012Assets 2013: $79,695Liabilities 2013: $02013Assets 2014: $94,785Liabilities 2014: $200Net Assets 2014: $94,5852014Assets 2015: $117,445Liabilities 2015: $200Net Assets 2015: $117,2452015Assets 2016: $141,788Net Assets 2016: $141,7882016Assets 2017: $147,781Liabilities 2017: $0Net Assets 2017: $147,7812017Assets 2018: $132,993Liabilities 2018: $101Net Assets 2018: $132,8922018Assets 2019: $127,493Liabilities 2019: $0Net Assets 2019: $127,4932019Assets 2020: $224,792Liabilities 2020: $71,344Net Assets 2020: $153,4482020Assets 2021: $308,543Liabilities 2021: $121,457Net Assets 2021: $187,0862021Assets 2022: $226,753Liabilities 2022: $3,655Net Assets 2022: $223,0982022Assets 2023: $264,973Liabilities 2023: $86,835Net Assets 2023: $178,1382023Assets 2024: $252,606Liabilities 2024: $87,523Net Assets 2024: $165,0832024Assets 2025: $185,920Liabilities 2025: $42,898Net Assets 2025: $143,0222025

Highlighted filing

2018

Assets$132,993
Liabilities$101
Net Assets$132,892

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $161,284Expenses 2012: $165,354Net Income 2012: -$4,0702012Revenue 2013: $175,083Expenses 2013: $150,016Net Income 2013: $25,0672013Revenue 2014: $167,460Expenses 2014: $152,570Net Income 2014: $14,8902014Revenue 2015: $182,262Expenses 2015: $159,602Net Income 2015: $22,6602015Revenue 2016: $189,018Expenses 2016: $164,475Net Income 2016: $24,5432016Revenue 2017: $192,337Expenses 2017: $186,344Net Income 2017: $5,9932017Revenue 2018: $185,116Expenses 2018: $200,005Net Income 2018: -$14,8892018Revenue 2019: $193,150Expenses 2019: $198,549Net Income 2019: -$5,3992019Revenue 2020: $188,302Expenses 2020: $162,347Net Income 2020: $25,9552020Revenue 2021: $125,141Expenses 2021: $99,628Net Income 2021: $25,5132021Revenue 2022: $161,551Expenses 2022: $125,539Net Income 2022: $36,0122022Revenue 2023: $95,837Expenses 2023: $140,796Net Income 2023: -$44,9592023Revenue 2024: $106,964Expenses 2024: $119,897Net Income 2024: -$12,9332024Revenue 2025: $124,947Expenses 2025: $147,008Net Income 2025: -$22,0612025

Highlighted filing

2018

Revenue$185,116
Expenses$200,005
Net Income-$14,889
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.2
Gross Receipts
$202,266
Mission and Program Overview

Mission

CHINESES EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$137,256$124,125▼ $13,131
Land, Buildings, and Equipment, Net$7,056$5,328▼ $1,728
Prepaid Expenses and Deferred Charges$504$475▼ $29
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$147,781$132,993▼ $14,788
Other Assets Total$2,965$3,065▲ $100
Liabilities
Other Liabilities-$101-
Total Liabilities$0$101▲ $101
Net Assets / Fund Balance
Unrestricted Net Assets$147,781$132,892▼ $14,889
Total Net Assets Fund Balance$147,781$132,892▼ $14,889
Total Liabilities and Net Assets / Fund Balance$147,781$132,993▼ $14,788

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,328$24,110$29,438
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alice WangChairman
Chien An WuMember
Haiwen HsuMember
Ray HwangMember
Wei JenMember
Wei-Tung LiaoPrincipal
Wan Ning TanSecretary
Tsu-Liang YenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,315
Program Service Revenue
$170,466
Investment Income
$530
Other Revenue
$3,805
All Other Contributions
$7,391
Change in Net Assets
$-14,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$108,383
Other Expenses$91,122
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$100,681--$100,681
Occupancy$62,768$6,500-$69,268
All Other Expenses$7,721$21-$7,742
Payroll Taxes$7,702--$7,702
Depreciation Depletion$1,856--$1,856
Other Expenses$1,732--$1,732
Fees for Services Accounting-$1,565-$1,565
Grants to Domestic Orgs$500--$500
Advertising$280--$280
Office Expenses$200--$200
Total Functional Expenses$191,919$8,086$0$200,005
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$20,904
Fundraising Direct Expenses$17,150
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
PTA Fund Raising Activities$20,904$20,904$17,150$3,754
Total Events$20,904$20,904$17,150$3,754
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accured Payable Tax$100
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Li-Ming Chinese Academy Inc
EIN
52-1920292
Phone
2404530375
Address
P O Box 84030, Gaithersburg, MD 20883

Signing Officer

Name
Wei Tung Liao
Title
Principal
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
7
Employees
52
Volunteers
20

Preparer

Firm
YORKE BURKE & LEE CPAs PA
Address
PO Box 84030, Gaithersburg, MD 20883-4030
Preparer
Li-Min Lee CPA
Phone
3012511020
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-14889
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05328
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024110
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accured Payable Tax
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05328
IRS990ScheduleD/TotalLiabilityAmt0101
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MONTGOMERY COUNTY/SENTINAL NEWSPAPER AND GAZETTE
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017150
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PTA Fund Raising Activities
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020904
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020904
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt020904
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt020904
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03754
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017150
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017150
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0147781
IRS990/TotalAssetsEOYAmt0132993
IRS990/TotalAssetsGrp/BOYAmt0147781
IRS990/TotalAssetsGrp/EOYAmt0132993
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010315
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0191919
IRS990/TotalFunctionalExpensesGrp/TotalAmt0200005
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0101
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0101
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0147781
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0132892
IRS990/TotalProgramServiceExpensesAmt0191919
IRS990/TotalProgramServiceRevenueAmt0170466
IRS990/TotalRevenueGrp/ExclusionAmt03754
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0171047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0185116
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0147781
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132993
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0147781
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0132892
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.li-ming.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Wei Tung Liao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Principal
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Li-Ming Chinese Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0LI-M
ReturnHeader/Filer/EIN0521920292
ReturnHeader/Filer/PhoneNum02404530375
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 84030
ReturnHeader/Filer/USAddress/CityNm0Gaithersburg

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.86$0.43$1.43$1.25$1.47$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.53$0.88$1.65$1.07$1.20$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.65$0.87$1.78$0.96$1.41$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.27$0.04$2.23$1.62$1.26$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$1.21$1.87$1.25$1.00$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.71$1.53$1.88$1.62$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.00$1.27$1.93$1.99$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$1.85$2.00$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.00$1.48$1.92$1.86$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.42$1.42$1.89$1.64$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$1.82$1.60$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$1.67$1.53$0.15
2013Summary only. Only limited summary data is available for this year.$0.80$0.00$1.75$1.50$0.25
2012Summary only. Only limited summary data is available for this year.$0.55$0.00$1.61$1.65$0.04