Yinghua Academy Foundation is located in Minneapolis, MN. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yinghua Academy Foundation 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 06/2024, Yinghua Academy Foundation generated $68.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $63.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT YINGHUA ACADEMY, A K-8 PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3
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.
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.
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anaya Mitra Co-Chair | 2 | $0 | |
Gloria Low Co-Chair | 2 | $0 | |
Michael Wilson Development Chair | 2 | $0 | |
Janelle Gieseke Secretary | 2 | $0 | |
Xiaoyan Sun Treasurer | 10 | $0 | |
Kristina Middendorf Member At Large | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $41,367 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $7 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $12,501 |
Other Revenue | $0 |
Total Revenue | $68,708 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $1,752 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $61,870 |
Total expenses | $63,622 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $126,910 |
Other assets | $0 |
Total assets | $126,910 |
Total liabilities | $0 |
Net assets or fund balances | $126,910 |