Yu Ming Charter School
- Assets
- $5.4m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 128
- Location
- Oakland, CA
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-4260393
Organization Overview
Yu Ming Charter School is located in Oakland, CA. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Yu Ming Charter School employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yu Ming Charter School 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, Yu Ming Charter School generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 16.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A K-8 MANDARIN IMMERSION PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE FIRST K-8 MANDARIN IMMERSION CHARTER SCHOOL IN CALIFORNIA. AT YU MING CHARTER SCHOOL, WE UNLOCK EACH STUDENT'S UNIQUE POTENTIAL AND NURTURE THE NECESSARY SKILLS, MINDSETS, AND VALUES TO MAKE A POSITIVE IMPACT IN THE WORLD, BY ANCHORING OUR MODEL ON FOUR PILLARS.1. ACADEMIC EXCELLENCE: WE PERSONALIZE LEARNING FOR STUDENTS TO REACH THEIR GREATEST POTENTIAL.2. MANDARIN IMMERSION: WE FOSTER BILINGUAL GLOBAL CITIZENS.3. WHOLE CHILD EDUCATION: WE BALANCE RIGOROUS ACADEMICS WITH SOCIAL-EMOTIONAL LEARNING.4. DIVERSE, EQUITABLE & INCLUSIVE COMMUNITY: WE BUILD A COMMUNITY THAT EMBRACES DIVERSITY AND VALUES OUR COLLECTIVE HUMANITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Lee Chair | OfficerTrustee | 1 | $0 |
Jessica Norman Treasurer | OfficerTrustee | 1 | $0 |
Keta Brown Member | Trustee | 1 | $0 |
Gary Borden Member | Trustee | 1 | $0 |
Casey Hatton Member | Trustee | 1 | $0 |
Alcine Mumby Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sacred Heart Church Rent | 6/29/22 | $389,917 |
Nob Hill Catering Food Services | 6/29/22 | $271,344 |
St Columbia Parish Church Rent | 6/29/22 | $265,581 |
Exed Financial Services | 6/29/22 | $139,420 |
Advanced Medical Personnel Services Inc Special Education Services | 6/29/22 | $132,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $92,415 |
| Related organizations | $0 |
| Government grants | $8,241,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,471,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,805,447 |
| Total Program Service Revenue | $511,458 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,705 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,327,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,904,772 |
| Pension plan accruals and contributions | $810,353 |
| Other employee benefits | $244,556 |
| Payroll taxes | $229,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,542 |
| Fees for services: Accounting | $140,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $654,609 |
| Advertising and promotion | $23,720 |
| Office expenses | $177,218 |
| Information technology | $46,319 |
| Royalties | $0 |
| Occupancy | $914,552 |
| Travel | $115,534 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,688 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,117 |
| Insurance | $68,269 |
| All other expenses | $0 |
| Total functional expenses | $9,646,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,586,789 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,405,326 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $295,679 |
| Net Land, buildings, and equipment | $16,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,213 |
| Total assets | $5,404,745 |
| Accounts payable and accrued expenses | $1,374,708 |
| Grants payable | $0 |
| Deferred revenue | $412,417 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,948 |
| Total liabilities | $1,791,073 |
| Net assets without donor restrictions | $3,613,672 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,404,745 |