Civic Intelligence

Yi Hwang Academy Incorporated

990 • Fiscal year 2023 • EIN 81-4597536

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 15, 2023

Organization ProfileYHALE.ORG
4550 River Green ParkwayDuluth, GA 30096

(404) 623-0003

Siviq Scores

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

Liabilities / Assets

90th percentile

0.72x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

0.72x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

98th percentile

333%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

143%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$4,520,442

Up $3,476,700 (+333%) from 2022

Net Assets

Up

$1,268,884

Up $388,948 (+44%) from 2022

Liabilities

Up

$3,251,558

Up $3,087,752 (+1885%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin63rd percentile

Revenue

Up

$4,501,573

Up $2,647,397 (+143%) from 2022

Expenses

Up

$4,005,494

Up $2,786,545 (+229%) from 2022

Net Income

Down

$496,079

Down $139,148 (-22%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0Assets 2020: $522,485Liabilities 2020: $151,859Net Assets 2020: $370,6262020Assets 2022: $1,043,742Liabilities 2022: $163,806Net Assets 2022: $879,9362022Assets 2023: $4,520,442Liabilities 2023: $3,251,558Net Assets 2023: $1,268,8842023Assets 2024: $5,949,155Liabilities 2024: $5,383,760Net Assets 2024: $565,3952024Assets 2025: $12,964,833Liabilities 2025: $12,839,711Net Assets 2025: $125,1222025

Highlighted filing

2023

Assets$4,520,442
Liabilities$3,251,558
Net Assets$1,268,884
Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

$10M$5.0M$0-$5.0MRevenue 2020: $1,691,671Expenses 2020: $1,323,922Net Income 2020: $367,7492020Revenue 2022: $1,854,176Expenses 2022: $1,218,949Net Income 2022: $635,2272022Revenue 2023: $4,501,573Expenses 2023: $4,005,494Net Income 2023: $496,0792023Revenue 2024: $5,519,183Expenses 2024: $6,222,672Net Income 2024: -$703,4892024Revenue 2025: $7,174,350Expenses 2025: $7,614,623Net Income 2025: -$440,2732025

Highlighted filing

2023

Revenue$4,501,573
Expenses$4,005,494
Net Income$496,079
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 15, 2023
Return Version
2022v5.0
Gross Receipts
$4,501,573
Mission and Program Overview

Mission

A charter school servicing students in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$728,095$1,545,743▲ $817,648
Land, Buildings, and Equipment, Net$63,879$1,023,795▲ $959,916
Accounts Receivable$198,231$73,519▼ $124,712
Total Assets$1,043,742$4,520,442▲ $3,476,700
Other Assets Total$53,537$1,877,385▲ $1,823,848
Liabilities
Other Liabilities$164,335$3,180,518▲ $3,016,183
Accounts Payable and Accrued Expenses$-529$71,040▲ $71,569
Total Liabilities$163,806$3,251,558▲ $3,087,752
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$879,936$1,268,884▲ $388,948
Total Net Assets Fund Balance$879,936$1,268,884▲ $388,948
Total Liabilities and Net Assets / Fund Balance$1,043,742$4,520,442▲ $3,476,700

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$985,468$492,734-
Equipment$38,327$25,552-
Other Assets Org$1,828,621--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Liza a ParkBoard Chair
Emile HamanBoard Member
Ji MaBoard Member
Tamecha BuckBoard Member
Marissa LeeBoard Secretary
Melanie AvilaBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$405,893
Program Service Revenue
$4,047,391
Investment Income
$0
Other Revenue
$48,289
Change in Net Assets
$496,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,501,573
Total Revenue per Audited Statements
$4,501,573
Total Revenue per Form 990
$4,501,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,005,494
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$3,349$836,948-$836,948
All Other Expenses$803,447$370-$803,817
Interest$40,445--$40,445
Total Functional Expenses$3,168,176$837,318$0$4,005,494

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,005,494
Total Expenses per Audited Statements$4,005,494
Total Expenses per Form 990$4,005,494
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
Net Pension Liability$1,872,332
Lease Liabilities$904,020
Lease Liabilities Due Within One Ye$257,420
Other Current Liabilites$137,000
Related to Defined Benefit Pension$9,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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 governing body review Part VI line 11

“A copy of the 990 is given to the board of directors before it is filed.”

Conflict of interest policy compliance Part VI line 12C

“Written and signed conflict letters are obtained annually from officers, directors and keyemployees.”

Governing documents etc available to public Part VI line 19

“Documents are available at the administrative offices of the school.”

Filing and Contact Details

Filer

Filer Name
Yi Hwang Academy Inc
EIN
81-4597536
Address
4550 RIVER GREEN PARKWAY, DULUTH, GA 30096

Signing Officer

Name
Liza a Park
Title
Board Chair
Phone
4046230003
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
45

Preparer

Firm
Bambo Sonaike CPA LLC
Address
707 WHITLOCK AVE SUITE B-21, Marietta, GA 30064
Preparer
Adebambo Sonaike CPA
Phone
7709566455
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Adjustments to reconcile net assets”

List of other expenses Part IX line 24E

“These are the school operating expenses”

Raw XML Appendix387 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE AT THE ADMINISTRATIVE OFFICES OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENTS TO RECONCILE NET ASSETS
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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
$4,520,442
Liabilities
$3,251,558
Net assets
$1,268,884
Revenue
$4,501,573
Expenses
$4,005,494
Net income
$496,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.0$12.8$0.13$7.17$7.61$0.44
2024Detailed filing. Detailed filing data is available for this year.$5.95$5.38$0.57$5.52$6.22$0.70
2023Detailed filing. Detailed filing data is available for this year.$4.52$3.25$1.27$4.50$4.01$0.50
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.16$0.88$1.85$1.22$0.64
2020Summary only. Only limited summary data is available for this year.$0.52$0.15$0.37$1.69$1.32$0.37