Civic Intelligence

Roundtable Academy

990 • Fiscal year 2020 • EIN 95-4840800

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 17, 2021

Organization Profilewww.lifeacademy.org
900 Canada CTCity Of Industry, CA 91748

(626) 839-1131

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

1st percentile

-377%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$12,000

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

4th percentile

-16%

Faster asset growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$9,264,038

Down $1,706,922 (-16%) from 2019

Net Assets

Down

$9,264,038

Down $1,706,496 (-16%) from 2019

Liabilities

Down

$0

Down $426 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin1st percentile

Revenue

Down

$507,346

Down $2,426,626 (-83%) from 2019

Expenses

Up

$2,419,718

Up $1,105,746 (+84%) from 2019

Net Income

Down

-$1,912,372

Down $3,532,372 (-218%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$15M$10M$5.0M$0Assets 2011: $7,692,470Liabilities 2011: $696,974Net Assets 2011: $6,995,4962011Assets 2012: $7,677,101Liabilities 2012: $719,514Net Assets 2012: $6,957,5872012Assets 2013: $8,133,931Liabilities 2013: $3,030,248Net Assets 2013: $5,103,6832013Assets 2014: $4,669,501Liabilities 2014: $907,601Net Assets 2014: $3,761,9002014Assets 2015: $5,522,460Liabilities 2015: $1,330,262Net Assets 2015: $4,192,1982015Assets 2016: $6,639,596Liabilities 2016: $2,262,990Net Assets 2016: $4,376,6062016Assets 2017: $7,661,166Liabilities 2017: $0Net Assets 2017: $7,661,1662017Assets 2018: $9,375,214Liabilities 2018: $424Net Assets 2018: $9,374,7902018Assets 2019: $10,970,960Liabilities 2019: $426Net Assets 2019: $10,970,5342019Assets 2020: $9,264,038Liabilities 2020: $0Net Assets 2020: $9,264,0382020Assets 2021: $10,321,160Liabilities 2021: $322,901Net Assets 2021: $9,998,2592021Assets 2022: $10,059,346Liabilities 2022: $322,901Net Assets 2022: $9,736,4452022Assets 2023: $10,666,647Liabilities 2023: $322,901Net Assets 2023: $10,343,7462023Assets 2024: $11,955,869Liabilities 2024: $322,901Net Assets 2024: $11,632,9682024

Highlighted filing

2020

Assets$9,264,038
Liabilities$0
Net Assets$9,264,038
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,209,377Expenses 2011: $1,783,925Net Income 2011: -$574,5482011Revenue 2012: $132,194Expenses 2012: $170,103Net Income 2012: -$37,9092012Revenue 2013: $604,186Expenses 2013: $530,244Net Income 2013: $73,9422013Revenue 2014: $776,088Expenses 2014: $2,117,871Net Income 2014: -$1,341,7832014Revenue 2015: $1,199,892Expenses 2015: $769,594Net Income 2015: $430,2982015Revenue 2016: $831,724Expenses 2016: $647,316Net Income 2016: $184,4082016Revenue 2017: $2,464,512Expenses 2017: $1,669,065Net Income 2017: $795,4472017Revenue 2018: $3,411,658Expenses 2018: $1,698,034Net Income 2018: $1,713,6242018Revenue 2019: $2,933,972Expenses 2019: $1,313,972Net Income 2019: $1,620,0002019Revenue 2020: $507,346Expenses 2020: $2,419,718Net Income 2020: -$1,912,3722020Revenue 2021: $450,108Expenses 2021: $56,924Net Income 2021: $393,1842021Revenue 2022: $865,699Expenses 2022: $51,281Net Income 2022: $814,4182022Revenue 2023: $618,804Expenses 2023: $175,464Net Income 2023: $443,3402023Revenue 2024: $1,371,454Expenses 2024: $182,854Net Income 2024: $1,188,6002024

Highlighted filing

2020

Revenue$507,346
Expenses$2,419,718
Net Income-$1,912,372
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 17, 2021
Return Version
2020v4.0
Gross Receipts
$507,346
Mission and Program Overview

Mission

The corporation is organized under charitable purpose. Its charitable purpose is to promote and enhance personal development and organization al development programs to bring out the nature of love for caring & giving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$10,970,534$9,264,038▼ $1,706,496
Cash and Non-Interest-Bearing Accounts$10,884,093$9,175,868▼ $1,708,225
Accounts Receivable$83,667$84,970▲ $1,303
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,970,960$9,264,038▼ $1,706,922
Other Assets Total$3,200$3,200→ $0
Liabilities
Other Liabilities$426--
Total Liabilities$426$0▼ $426
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,970,534$9,264,038▼ $1,706,496
Total Liabilities and Net Assets / Fund Balance$10,970,960$9,264,038▼ $1,706,922

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,348,760-$1,348,760
Leasehold Improvements$215,219$74,091$289,310
Other Land Buildings$-2,065$79,597$77,532
Equipment$-2,543$49,318$46,775
Buildings$-1,559,371$-78,699$-1,638,070
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Angela ChuCFOFT$12,000$12,000

Board Members and Trustees

NameTitle
Yu-yi ChiangPresident & CEO
Cheng-jui TsaiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$28,000
Program Service Revenue
$67,472
Investment Income
$411,246
Other Revenue
$628
All Other Contributions
$28,000
Change in Net Assets
$-1,912,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,200,000
Other Expenses$195,718
Salaries, Compensation, and Employee Benefits$24,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,200,000--$2,200,000
Other Salaries and Wages$12,000--$12,000
Current Officers, Directors, Trustees, and Key Employees$12,000--$12,000
Fees for Services Legal-$11,546-$11,546
All Other Expenses-$9,024-$9,024
Office Expenses-$5,363-$5,363
Other Expenses$66,884$4,864-$4,864
Insurance-$1,690-$1,690
Total Functional Expenses$2,376,911$42,807$0$2,419,718
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, 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
Roundtable Academy
EIN
95-4840800
Phone
6268391131
Address
900 CANADA CT, CITY OF INDUSTRY, CA 91748

Signing Officer

Name
Yu-yi Chiang
Title
President
Signed
2021-08-17
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Twanmohpeng&assoc Cpas Inc
Address
17890 Castleton St Ste 115, City of Industry, CA 91748
Preparer
James Twanmoh
Phone
6262818200
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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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0-2543
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049318
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046775
IRS990ScheduleD/LandGrp/BookValueAmt01348760
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt074091
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0289310
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079597
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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
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YU-YI CHIANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROUNDTABLE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ROUN
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ReturnHeader/Filer/PhoneNum06268391131
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ReturnHeader/Filer/USAddress/CityNm0CITY OF INDUSTRY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0City of Industry
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091748
ReturnHeader/PreparerPersonGrp/PhoneNum06262818200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES TWANMOH
ReturnHeader/ReturnTs02021-08-17T14:52:47-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YU-YI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHIANG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,264,038
Liabilities
$0
Net assets
$9,264,038
Revenue
$507,346
Expenses
$2,419,718
Net income
-$1,912,372
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.0$0.32$11.6$1.37$0.18$1.19
2023Detailed filing. Detailed filing data is available for this year.$10.7$0.32$10.3$0.62$0.18$0.44
2022Detailed filing. Detailed filing data is available for this year.$10.1$0.32$9.74$0.87$0.05$0.81
2021Detailed filing. Detailed filing data is available for this year.$10.3$0.32$10.00$0.45$0.06$0.39
2020Detailed filing. Detailed filing data is available for this year.$9.26$0.00$9.26$0.51$2.42$1.91
2019Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$2.93$1.31$1.62
2018Detailed filing. Detailed filing data is available for this year.$9.38$0.00$9.37$3.41$1.70$1.71
2017Detailed filing. Detailed filing data is available for this year.$7.66$0.00$7.66$2.46$1.67$0.80
2016Detailed filing. Detailed filing data is available for this year.$6.64$2.26$4.38$0.83$0.65$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.52$1.33$4.19$1.20$0.77$0.43
2014Summary only. Only limited summary data is available for this year.$4.67$0.91$3.76$0.78$2.12$1.34
2013Detailed filing. Detailed filing data is available for this year.$8.13$3.03$5.10$0.60$0.53$0.07
2012Summary only. Only limited summary data is available for this year.$7.68$0.72$6.96$0.13$0.17$0.04
2011Summary only. Only limited summary data is available for this year.$7.69$0.70$7.00$1.21$1.78$0.57