Herald Education Inc
- Assets
- $51.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 20
- Location
- Flushing, NY
- Founding
- 03/2013
- Data as of
- 06/2022
- EIN
- 27-3102940
Organization Overview
Herald Education Inc is located in Flushing, NY. The organization was established in 2013. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Herald Education Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herald Education Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Herald Education Inc generated $105.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $5.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (49.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ACADEMIC ENRICHMENT AND AFTERSCHOOL PROGRAMS FOR THE CHILDRENAND YOUTH IN NEED OF THE SERVICES FROM THE NEARBY COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pak Cheung Lo Board President | 2 | $0 | |
Ellen Yuen Secretary | 2 | $0 | |
Rachael Lok Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,369 |
| Total Program Service Revenue | $43,355 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $105,724 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,198 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $5,198 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,115 |
| Other assets | $0 |
| Total assets | $51,115 |
| Total liabilities | $64,172 |
| Net assets or fund balances | -$13,057 |