Millburn Institute of Talent

EIN: 811344566 501(c)(3) Arts, Culture & Humanities

Millburn, NJ

Total Revenue
$373,033
Total Expenses
$347,329
Total Assets
$376,721
Net Assets
$255,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NJ
Principal Officer
Jiangpeng Wang
Phone
2018896482
Tax Period
2024-07-01 to 2025-06-30

Millburn Institute of Talent, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $373K in total revenue in fiscal year 2024. Expenses of $347K left a modest 7% surplus.

Mission

The Institute teaches young children about chinese language and culture. It also provides activities to the parents such as dance yoga etc during the time when the children are learning.

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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 $8,731
Program Service Revenue $356,525
Investment Income $7,777
Other Revenue $0
TOTAL REVENUE $373,033

Expense Breakdown

Grants Paid $11,311
Salaries & Benefits $191,094
Fundraising Expenses $0
Program Expenses $295,689
Other Expenses $144,924
TOTAL EXPENSES $347,329

Year-over-Year Comparison

2024 2023 Change
Revenue $373,033 $370,178 +0.0%
Expenses $347,329 $331,368 +0.0%
Net Income $25,704 $38,810 -0.3%
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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Governance

Voting Members
7
Independent Members
2
Employees
13
Volunteers
10

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
12
$42,821
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jiangpeng Wang Principal 10.00
Officer
$7,510 $0 $7,510
Albert Wen IT Developer 10.00
Officer
$3,650 $0 $3,650
Kuang-Chiang Liu Manager of Public Relation 10.00
Officer
$1,460 $0 $1,460
Jiannan Wang Assistant Principal 10.00
Officer
$3,794 $0 $3,794
Yan Shi Chair of Parent Association 10.00
Officer
$3,187 $0 $3,187
Jie Wu Assistant Principal 10.00
Officer
$3,946 $0 $3,946
Zhen Cheng Assistant Principal 10.00
Officer
$4,253 $0 $4,253
Ying Wang School Assistant 10.00
Officer
$1,719 $0 $1,719
Ruijuan Guo School Assistant 10.00
Officer
$3,459 $0 $3,459
Denu Han Accountant 10.00
Officer
$6,859 $0 $6,859
Xiuqin Zhai School Assistant 10.00
Officer
$1,631 $0 $1,631
Richard Wen IT Developer 10.00
Officer
$1,353 $0 $1,353
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 $373,033 $347,329 $376,721 $25,704
2024 $370,178 $331,368 $364,717 $38,810
2023 $345,080 $297,853 $356,942 $47,227
2021 $188,403 $183,014 No data $5,389
2020 $253,978 $224,430 $177,123 $29,548
2019 $264,344 $228,664 $178,332 $35,680
2018 $270,642 $252,060 No data $18,582
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