Huaxia Chinese Academy Of Greater New York
- Assets
- $1.2m
- Revenue
- $400.8k
- Investments
- $0.0
- Employees
- 60
- Location
- Purchase, NY
- Founding
- 08/2014
- Data as of
- 07/2022
- EIN
- 46-0706392
Organization Overview
Huaxia Chinese Academy Of Greater New York, operating under the name Huaxia Chinese School Of Greater New York, is located in Purchase, NY. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 07/2022, Huaxia Chinese School Of Greater New York employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huaxia Chinese School Of Greater New York 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 07/2022, Huaxia Chinese School Of Greater New York generated $400.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $345.5k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. 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
HUAXIA CHINESE SCHOOL OF GREATER NEW YORK HXGNY, A NON-PROFIT ORGANIZATION, FOCUSES ON TEACHING CHINESE LANGUAGE AND PROMOTING CHINESE CULTURE. OUR SCHOOL IS COMMITTED TO EDUCATING STUDENTS TO BE COMPETENT IN LISTENING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUAXIA CHINESE SCHOOL OF GREATER NEW YORK FOCUSES ON TEACHING CHINESE LANGUAGE AND PROMOTING CHINESE CULTURE. THE SCHOOL PROVIDES CHINESE LANGUAGE COURSES, CULTURE CLASSES, CHINESE AS SECOUND LANGUAGE COURSES AS WELL AS ADULT CULTURE CLASSES. THE SCHOOL OFFERS PRE-L TP GRADE 9 CHINESE CLASSES AND AP CHINESE OVER 750 SCHOOL AGED STUDENTS. THE SCHOOL OFFERS VARIOUS CULTURE CLASSES SUCH AS CHINESE CALLIGRAPHY, FOLK DANCE, MARTIAL ARTS, CHESS, GO, ORIGAMI, WATER COLOR, BRUSH PAINTING, ETC. THE SCHOOL CURRENTLY IS USING MALIPING, MEIZHOUHUAYU AS ITS TEXTBOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
He Qing Claire Board Of Director - Chair | Trustee | 6 | $0 |
Su Hong Board Of Director - Assist. Chair | Trustee | 2 | $0 |
Xu Chunchuan Board Of Director - Secretory | Trustee | 2 | $0 |
Liu Yawen Board Of Director | Trustee | 2 | $0 |
Hong Tao Board Of Director | Trustee | 2 | $0 |
MA Jie Board Of Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,901 |
| Total Program Service Revenue | $388,068 |
| Investment income | $841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,810 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,136 |
| Travel | $409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,154 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439 |
| Insurance | $5,432 |
| All other expenses | $12,828 |
| Total functional expenses | $345,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,955 |
| Savings and temporary cash investments | $805,273 |
| Pledges and grants receivable | $560 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,477 |
| Total assets | $1,216,704 |
| Accounts payable and accrued expenses | $11,860 |
| Grants payable | $0 |
| Deferred revenue | $317,161 |
| 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 | $0 |
| Total liabilities | $329,021 |
| Net assets without donor restrictions | $0 |
| 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 | $887,683 |
| Total liabilities and net assets/fund balances | $1,216,704 |
Grants Awarded
Over the last fiscal year, Huaxia Chinese Academy Of Greater New York has awarded $17,096 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZENNOVA LLC PURPOSE: COVID-19 | $12,000 |
HUAXIA CHINESE SCHOOL PURPOSE: COVID-19 | $5,096 |