YINGHUA ACADEMY FOUNDATION DBA YINGHUA ACADEMY COMMUNITY ASSOC

EIN: 273698579 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$194,317
Total Expenses
$149,039
Total Assets
$161,096
Net Assets
$160,180
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
JOHN WHITFIELD
Phone
6127889096
Tax Period
2020-07-01 to 2021-06-30

YINGHUA ACADEMY FOUNDATION DBA YINGHUA ACADEMY COMMUNITY ASSOC, founded in 2010, is a small nonprofit in the Education sector that reported $194K in total revenue in fiscal year 2020. Revenue surged 117% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 23% operating margin.

Mission

TO SUPPORT YINGHUA ACADEMY, A K-8 PUBLIC CHARTER SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $131,145 Revenue: $0

SCHOOL SUPPORT: YACA GAVE YINGHUA ACADEMY $105,000 FOR THE SCHOOL'S GENERAL BUDGET. WE GAVE THE SCHOOL $45,000 IN JULY 2020, WHICH WAS SUPPOSED TO BE A GIFT FOR FY2019 (BUT BECAUSE THE SCHOOL WAS...

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SCHOOL SUPPORT: YACA GAVE YINGHUA ACADEMY $105,000 FOR THE SCHOOL'S GENERAL BUDGET. WE GAVE THE SCHOOL $45,000 IN JULY 2020, WHICH WAS SUPPOSED TO BE A GIFT FOR FY2019 (BUT BECAUSE THE SCHOOL WAS CLOSED FOR COVID REASONS, ENDED UP IN FY2020). IN MAY 2021, WE GAVE THE SCHOOL $60,000. THIS MONEY CAME FROM A JOINT FUNDRAISER THAT YACA DID WITH THE YINGHUA SCHOOL BOARD. WE RAISED MORE THAN $120,000 DURING THIS STAY SAFE DRAGONS CAMPAIGN. YACA IS RETAINING SOME OF THIS MONEY FOR NOW AND WILL GIFT TO THE SCHOOL AGAIN AS THEIR NEEDS ARISE.YACA PAID FOR ROLLER SKATE RENTAL SO ALL STUDENTS WHO ATTENDED SCHOOL IN PERSON IN THE SPRING COULD HAVE A TWO-WEEK ROLLER SKATING UNIT IN PE CLASSES. WE ALSO PAID FOR REUSABLE CLOTH MASKS WITH OUR DRAGON LOGO THAT WE GAVE TO ALL STAFF AND STUDENTS AT THE BEGINNING OF THE SCHOOL YEAR.

Program 2
Expenses: $12,997 Revenue: $0

TEACHER APPRECIATION: THROUGHOUT THE SCHOOL YEAR, YACA USUALLY HOSTS ACTIVITIES FOR YINGHUA FACULTY AND STAFF. ANNUAL ALL- STAFF EVENTS INCLUDED A WELCOME BACK TO SCHOOL LUNCH AND A TRADITIONAL...

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TEACHER APPRECIATION: THROUGHOUT THE SCHOOL YEAR, YACA USUALLY HOSTS ACTIVITIES FOR YINGHUA FACULTY AND STAFF. ANNUAL ALL- STAFF EVENTS INCLUDED A WELCOME BACK TO SCHOOL LUNCH AND A TRADITIONAL AMERICAN THANKSGIVING DINNER. WE COULDN'T DO EITHER OF THOSE ALL-STAFF MEALS IN PERSON THIS YEAR. SO, YACA PURCHASED BOXED MEALS FOR EVERY STAFF MEMBER WHEN THEY ARRIVED TO PREPARE FOR THE NEW SCHOOL YEAR. FOR THANKSGIVING, WE GAVE EVERYONE TEACHERS, ADMINISTRATION, BUS DRIVERS, AFTER SCHOOL CHILDCARE STAFF, ETC. $50 TO SPEND ON THEIR OWN FAMILY CELEBRATION. YACA ALSO GAVE ALL MEMBERS OF THE SCHOOL STAFF GIFTS FOR CONFUCIUS DAY (AN IMPORTANT HOLIDAY IN CHINA AND TAIWAN WHERE TEACHERS ARE HONORED FOR THEIR WORK). FOR CHINESE NEW YEAR, WE GAVE $50 GIFT CARDS TO ALL NON-TEACHING STAFF, BECAUSE EACH CLASS GIVES THEIR OWN GIFTS TO THEIR TEACHERS. WE ALSO PROVIDED COPIES OF THE SCHOOL YEARBOOK TO ALL STAFF, AND SUPPLIED THE STAFF LOUNGES AND LUNCHROOM WITH A COFFEE MAKER, COFFEE, AND SOME OTHER SNACKS.

Program 3
Expenses: $0 Revenue: $0

COMMUNITY BUILDING: YACA USUALLY ORGANIZES MANY SOCIAL EVENTS AND VOLUNTEERS FOR SCHOOL. VOLUNTEERING, HOWEVER, WAS SHUT DOWN FOR ALMOST THE ENTIRE YEAR, AND OUR IN-PERSON EVENTS GOT CANCELED. STILL...

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COMMUNITY BUILDING: YACA USUALLY ORGANIZES MANY SOCIAL EVENTS AND VOLUNTEERS FOR SCHOOL. VOLUNTEERING, HOWEVER, WAS SHUT DOWN FOR ALMOST THE ENTIRE YEAR, AND OUR IN-PERSON EVENTS GOT CANCELED. STILL, WE RALLIED TO SUPPORT THE SCHOOL COMMUNITY UNDER THESE NEW COVID CIRCUMSTANCES. WE HOSTED SEVERAL USED UNIFORM SALES THAT RAISE MONEY TO BENEFIT THE SCHOOL AND PROVIDE INEXPENSIVE (OR FREE TO FREE AND REDUCED LUNCH FAMILIES) UNIFORMS TO YINGHUA FAMILIES. THE SPRING SALE WAS OUR HIGHEST GROSSING SALE EVER. WE ALSO CONTRIBUTED TO THE SCHOOL'S CELEBRATION OF TWO ANNUAL CULTURAL EVENTS: THE MIDAUTUMN MOON FESTIVAL AND CHINESE NEW YEAR.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $184,465
Program Service Revenue $0
Investment Income $14
Other Revenue $9,838
TOTAL REVENUE $194,317

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $144,142
Other Expenses $44,039
TOTAL EXPENSES $149,039

Year-over-Year Comparison

2020 2019 Change
Revenue $194,317 $89,712 +1.2%
Expenses $149,039 $51,273 +1.9%
Net Income $45,278 $38,439 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVETTE TEJEDA-LITTLE DIRECTOR 2.00
Director
$0 $0 $0
ARWIN CHAN DIRECTOR 2.00
Director
$0 $0 $0
PETER FONTAINE DIRECTOR 2.00
Director
$0 $0 $0
BECKY WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL WILSON DIRECTOR 2.00
Director
$0 $0 $0
JOHN WHITFIELD DIRECTOR 2.00
Director
$0 $0 $0
MELISSA CHIN DIRECTOR 2.00
Director
$0 $0 $0
VANESSA BECKETT CHAIR 4.00
Officer
$0 $0 $0
AMBER FROST SECRETARY - LEFT 2/2021 2.00
Officer
$0 $0 $0
JANELLE GIESEKE SECRETARY 2.00
Officer
$0 $0 $0
MELODY NG TREASURER 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $194,317 $149,039 $161,096 $45,278
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