TIAN YUE ACADEMY OF THE ARTS

EIN: 800714915 501(c)(3) Arts, Culture & Humanities

North Reading, MA

Total Revenue
$486,571
Total Expenses
$482,363
Total Assets
$846,692
Net Assets
$576,744
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MA
Principal Officer
Annie Wang
Phone
9782235051
Tax Period
2022-07-01 to 2023-06-30

TIAN YUE ACADEMY OF THE ARTS, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $487K in total revenue in fiscal year 2022.

Mission

Promoting and teaching classical Chinese dance to revive the traditional Chinese culture. Providing extra curriculum programs to other entities to enrich student's culture experience and life.

Program Service Accomplishments

Program 1
Expenses: $63,212 Revenue: $98,413

Summer Program: The Summer Chinese Language program consists of nine weekly sessions in July and August. The program emphasizes on the development of Chinese language through student-centered...

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Summer Program: The Summer Chinese Language program consists of nine weekly sessions in July and August. The program emphasizes on the development of Chinese language through student-centered real-life language performance and cultural activities. Students discover and explore the fun and pleasure of understanding and mastering the Chinese language. For each weekly session, students were taught Chinese culture and language arts in the morning, and variety of activities such as Chinese dance, martial arts, calligraphy, science, arts and crafts, cooking, and/or water fun in the afternoon from Monday through Thursday. The Chinese dance program was integrated with cultural activities in the afternoon session. On Friday, students participate in a daylong field trip for summer fun. In FY2023, the major program was available in-person, a few on-line classes were opened upon request by parents. Summer program served 112 students in the Summer of 2021.

Program 2
Expenses: $344,763 Revenue: $269,558

After School Programs: The after-school program provides supervision, care and activities for school age children after the regular school day. The program follows the local public school calendar...

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After School Programs: The after-school program provides supervision, care and activities for school age children after the regular school day. The program follows the local public school calendar and is not open on those days that a given school system is closed, including announced snow days. The program is available for an additional fees on certain holidays and during winter and spring vacations based upon needs. This program provides tutoring services for participants to learn and practice Chinese as well as regular school homework such as English and mathematics. Other enrichment courses such as Chinese story telling, arts, and crafts, and outdoor activities are also provided by this program. This program provided both in-person classes as well as on-line services upon requested by certain parents. A total of 112 students had been served by this after school program in FY2023.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $118,600
Program Service Revenue $367,971
Investment Income $0
Other Revenue $0
TOTAL REVENUE $486,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $316,478
Fundraising Expenses $0
Program Expenses $407,975
Other Expenses $165,885
TOTAL EXPENSES $482,363

Year-over-Year Comparison

2022 2021 Change
Revenue $486,571 $481,229 +0.0%
Expenses $482,363 $443,174 +0.1%
Net Income $4,208 $38,055 -0.9%
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
3
Independent Members
3
Employees
10
Volunteers
2

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
1
$48,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Annie Wang Director 20.0
Officer
$48,000 $0 $48,000
Manhui Liu Treasurer 1
Director
$0 $0 $0
Sunling Liew Clerk 1
Director
$0 $0 $0
Annie Wang President 1
Director
$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 No data No data No data No data
2024 No data No data No data No data
2023 $486,571 $482,363 $846,692 $4,208
2022 $481,229 $443,174 $797,876 $38,055
2021 $355,506 $267,314 $638,445 $88,192
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