SOUTH COAST CHARTER SCHOOL ASSOCIATION

EIN: 612067847 501(c)(3) Education

IRVINE, CA

Total Revenue
$8,087,291
Total Expenses
$6,482,915
Total Assets
$2,865,072
Net Assets
$1,811,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
BENSON KWOK
Phone
9495171610
Tax Period
2024-07-01 to 2025-06-30

SOUTH COAST CHARTER SCHOOL ASSOCIATION, founded in 2022, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 20% operating margin.

Mission

IRVINE CHINESE IMMERSION ACADEMY IS COMMITTED TO DELIVERING AN EXCEPTIONAL ENGLISH AND MANDARIN DUAL IMMERSION PROGRAM WITHIN A DYNAMIC EDUCATIONAL ENVIRONMENT. OUR MISSION IS TO CHALLENGE STUDENTS TO UNLOCK THEIR SOCIAL, EMOTIONAL, AND ACADEMIC POTENTIAL, EMPOWERING THEM TO ATTAIN REMARKABLE LEVELS OF BI-LITERACY PROFICIENCY, ACADEMIC EXCELLENCE, AND MULTICULTURAL COMPETENCE. BY NURTURING THESE SKILLS, WE WILL PREPARE OUR STUDENTS TO BECOME PRODUCTIVE GLOBAL CITIZENS IN AN INTERCONNECTED SOCIETY. ICIA IS MORE THAN JUST A STATEMENT; IT'S A COMMITMENT TO BUILDING A THRIVING EDUCATIONAL COMMUNITY IN THE HEART OF IRVINE, CALIFORNIA. WE UNDERSTAND THAT CHOOSING THE RIGHT SCHOOL FOR YOUR CHILD IS A SIGNIFICANT DECISION, AND WE'RE HERE TO MAKE THAT CHOICE AN EASY AND EXCITING ONE. OUR VISION AT IRVINE CHINESE IMMERSION ACADEMY IS TO ACCOMPLISH THE FOLLLOWING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,087,291
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,087,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,641,752
Fundraising Expenses $0
Program Expenses $5,303,175
Other Expenses $1,841,163
TOTAL EXPENSES $6,482,915

Year-over-Year Comparison

2024 2023 Change
Revenue $8,087,291 $3,966,222 +1.0%
Expenses $6,482,915 $3,759,232 +0.7%
Net Income $1,604,376 $206,990 +6.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
97
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
1
$238,438
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENSON KWOK EXECUTIVE DI 40.00
Key Emp
$206,829 $31,609 $238,438
YULAN CHUNG PRESIDENT 2.00
Director
$0 $0 $0
JAMES GUO MEMBER 2.00
Director
$0 $0 $0
DARA MULLARKEY MEMBER 2.00
Director
$0 $0 $0
ALICE WANG SECRETARY 2.00
$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
2025 $8,087,291 $6,482,915 $2,865,072 $1,604,376
2024 $3,966,222 $3,759,232 $1,403,058 $206,990
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