Civic Intelligence

Formosa Springs Academy Inc

EIN 81-2941656 • 501(c)3 • San Jose, CA

Profile

To operate a biblically based, early childhood education program, within a multi-lingual and multi-cultural environment, that emphasizes the development of christian values and character within each child in a manner that more fully empowers them to succeed in the u.s. Educational system.

4413 Fortran CTSan Jose, CA 95134

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

97th percentile

93%

Higher net margin than 97% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

100th percentile

25830%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$67,235

Up $67,234 (+6723400%) from 2016

Liabilities

Flat

$0

Flat from 2016

Net Assets

$67,235

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin97th percentile

Revenue

Up

$60,019

Up $60,019 from 2016

Expenses

Up

$4,434

Up $4,434 from 2016

Net Income

Up

$55,585

Up $55,585 from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2016: $1Liabilities 2016: $02016Assets 2018: $67,235Liabilities 2018: $0Net Assets 2018: $67,2352018

Highlighted filing

2018

Assets$67,235
Liabilities$0
Net Assets$67,235
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2018: $60,019Expenses 2018: $4,434Net Income 2018: $55,5852018

Highlighted filing

2018

Revenue$60,019
Expenses$4,434
Net Income$55,585
Open 2018 Filing

Filings

Most recent year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$67,235
Liabilities
$0
Net assets
$67,235
Revenue
$60,019
Expenses
$4,434
Net income
$55,585
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$67.2$0.00$67.2$60.0$4.43$55.6
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$60,019
Mission and Program Overview

Mission

To operate a biblically based, early childhood education program, within a multi-lingual and multi-cultural environment, that emphasizes the development of christian values and character within each child in a manner that more fully empowers them to succeed in the u.s. Educational system.

Program Services

DescriptionGrantsExpenses
1. BUILD AN EDUCATIONAL INSTITUTE IN THE BAY AREA OF SAN FRANCISCO BASED ON CULTURE, COMMUNITY, CHARACTER BUILDING, AND CHRISTIAN VALUES.2. AID IN THE DEVELOPMENTALLY-APPROPRIATE EDUCATION OF THE NEXT GENERATION THROUGH CULTURE-ENRICHED ACTIVITIES PROVIDED BY HIGHLY QUALIFIED TEACHERS.3. ASSIST PARENTS IN BRINGING UP CHILDREN IN A MULTI-CULTURAL AND MULTI-LINGUAL METROPOLITAN AREA.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PEILI WUPresident-$0--
TIEN M LIMTreasurer-$0--
JENNIFER JANSecretary-$0--
SHIRLEY TAIDirector-$0--
MAYSING CHANGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Formosa Springs Academy Inc
EIN
81-2941656
Phone
4082637188
Address
4413 FORTRAN CT, SAN JOSE, CA 95134

Signing Officer

Name
Peili Wu
Title
President
Phone
4082637188
Signed
2018-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Seeba & Associates Inccpas
Address
1825 HAMILTON AVE, SAN JOSE, CA 95125-5624
Preparer
David a Seeba CPA
Phone
4082647800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 9.”

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: tax refund. Amount: 10.”

Raw XML Appendix171 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum04082637188
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04413 FORTRAN CT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095134
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt011650
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt067235
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt060000
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt055585
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04434
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt060019
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt011650
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PEILI WU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1TIEN M LIM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JENNIFER JAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SHIRLEY TAI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MAYSING CHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherRevenueTotalAmt010
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO OPERATE A BIBLICALLY BASED, EARLY CHILDHOOD EDUCATION PROGRAM, WITHIN A MULTI-LINGUAL AND MULTI-CULTURAL ENVIRONMENT, THAT EMPHASIZES THE DEVELOPMENT OF CHRISTIAN VALUES AND CHARACTER WITHIN EACH CHILD IN A MANNER THAT MORE FULLY EMPOWERS THEM TO SUCCEED IN THE U.S. EDUCATIONAL SYSTEM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt01. BUILD AN EDUCATIONAL INSTITUTE IN THE BAY AREA OF SAN FRANCISCO BASED ON CULTURE, COMMUNITY, CHARACTER BUILDING, AND CHRISTIAN VALUES.2. AID IN THE DEVELOPMENTALLY-APPROPRIATE EDUCATION OF THE NEXT GENERATION THROUGH CULTURE-ENRICHED ACTIVITIES PROVIDED BY HIGHLY QUALIFIED TEACHERS.3. ASSIST PARENTS IN BRINGING UP CHILDREN IN A MULTI-CULTURAL AND MULTI-LINGUAL METROPOLITAN AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04434
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt060019
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED ON JUNE 15,2016 AND THE A SHORT YEAR RETURN WAS FILED FOR 2015.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PUBLIC SUPPORT SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt060000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt080000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010
IRS990ScheduleA/PublicSupportTotal170Amt080000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt060000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt080000
IRS990ScheduleA/TotalSupportAmt080019
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAD NOT BEGUN STUDENT SOLICITATION AS OF JUNE 30, 2018.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NONDISCRIMINATION POLICY IS AS FOLLOWS: FORMOSA SPRINGS ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, FINANCIAL ASSISTANCE PROGRAM, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 9.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TAX REFUND. AMOUNT: 10.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PEILI WU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04082637188
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORMOSA SPRINGS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0812941656
ReturnHeader/Filer/PhoneNum04082637188
ReturnHeader/Filer/USAddress/AddressLine1Txt04413 FORTRAN CT
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095134
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0323AA6DF0940853531FF88432D4952DF3A311385
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08C373683D209A76AD48A5841A8BB8294CD1BC604
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.242.94.9
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm016:18:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942767324
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEEBA & ASSOCIATES INCCPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01825 HAMILTON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN JOSE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0951255624
ReturnHeader/PreparerPersonGrp/PhoneNum04082647800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A SEEBA CPA
ReturnHeader/ReturnTs02018-11-14T14:48:31-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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