Taipei American School Foundation
- Assets
- $200.4m
- Revenue
- $84.9m
- Investments
- $760.4k
- Employees
- 641
- Location
- Los Angeles, CA
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 51-0255746
Organization Overview
Taipei American School Foundation, operating under the name Taipei American School, is located in Los Angeles, CA. The organization was established in 1981. 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 06/2022, Taipei American School employed 641 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taipei American 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, Taipei American School generated $84.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $82.9m during the year ending 06/2022. While expenses have increased by 5.0% 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
TAIPEI AMERICAN SCHOOL'S ("TAS") MISSION IS TO CULTIVATE AN ENDURING COMMITMENT TO (SEE SCH O)TAIPEI AMERICAN SCHOOL'S ("TAS") MISSION IS TO CULTIVATE AN ENDURING COMMITMENT TO LEARNING, PERSONAL WELL-BEING, AND SERVICE. TAS SERVES STUDENTS FROM PRE-KINDERGARTEN THROUGH GRADE 12 AND PROVIDES A BROAD AMERICAN-BASED EDUCATION WITH A GLOBAL PERSPECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAIPEI AMERICAN SCHOOL PROVIDES A FULL EDUCATION PROGRAM (KA- GRADE 12) TO 2,414 STUDENTS FROM 34 COUNTRIES. TAS IS KNOWN FOR ITS RIGOROUS ACADEMIC PROGRAM, DYNAMIC INTEGRATION OF TECHNOLOGY ACROSS THE CURRICULUM, EXTENSIVE CO-CURRICULAR ACTIVITIES, RICH HISTORY OF COMMUNITY SERVICE IN TAIWAN AND ASIA, AND SIGNATURE FINE ARTS PROGRAMS WHERE OVER EIGHTY PERCENT OF THE STUDENTS ARE INVOLVED IN CREATING ART, MUSIC, DANCE, OR THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Shang Cheng Head Of School | Officer | 40 | $446,231 |
Kathryn Louise Limmer Director Of Advancement | Officer | 40 | $399,611 |
Larry Kraut Chief Operating Officer | Officer | 40 | $309,389 |
Nathaniel Smith Dean Of Faculty | Officer | 40 | $292,511 |
Adam Nelson Interim Deputy Head Of School | Officer | 40 | $286,546 |
Samuel Quek It Associate Director | Officer | 40 | $261,864 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quinn Emanuel Legal Services | 6/29/22 | $697,755 |
Pamir Consulting Company Ltd Legal Services | 6/29/22 | $229,361 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,711 |
| Total Program Service Revenue | $80,205,973 |
| Investment income | $376,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,912,591 |
| 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 | $37,189 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,536,215 |
| Compensation of current officers, directors, key employees. | $3,005,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,867,665 |
| Pension plan accruals and contributions | $3,307,879 |
| Other employee benefits | $16,383,339 |
| Payroll taxes | $2,191,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,408,988 |
| Fees for services: Accounting | $73,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,573 |
| Advertising and promotion | $62,059 |
| Office expenses | $1,023,589 |
| Information technology | $1,022,813 |
| Royalties | $0 |
| Occupancy | $3,603,722 |
| Travel | $95,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164,782 |
| Interest | $81,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,332,883 |
| Insurance | $90,551 |
| All other expenses | $1,006,536 |
| Total functional expenses | $82,891,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,547 |
| Savings and temporary cash investments | $131,273,655 |
| Pledges and grants receivable | $3,181,032 |
| Accounts receivable, net | $106,247 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $145,574 |
| Prepaid expenses and deferred charges | $1,509,953 |
| Net Land, buildings, and equipment | $62,366,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $760,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,094,506 |
| Total assets | $200,440,067 |
| Accounts payable and accrued expenses | $10,246,962 |
| Grants payable | $0 |
| Deferred revenue | $43,615,719 |
| 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 | $6,554,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,709,699 |
| Total liabilities | $63,126,665 |
| Net assets without donor restrictions | $126,410,801 |
| Net assets with donor restrictions | $10,902,601 |
| 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 | $200,440,067 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Taipei American School Foundation has recieved totaling $10,360.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,360 |
Endowment Analysis
| Beg. Balance | $54,026,791 |
| Earnings | $206,378 |
| Admin Expense | $2,942,551 |
| Net Contributions | $1,679,510 |
| Other Expense | -$336,474 |
| Ending Balance | $53,306,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Estate Of Bernice Pauahi Bishop Honolulu, HI | $11,860,305,202 | $1,626,952,465 |
Aspire Public Schools Oakland, CA | $207,841,845 | $233,476,749 |
Punahou School Honolulu, HI | $664,536,262 | $122,251,506 |
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |