The Li-Ming Chinese Academy
- Assets
- $308.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 60
- Location
- Gaithersburg, MD
- Founding
- 09/1995
- Data as of
- 06/2021
- EIN
- 52-1920292
Organization Overview
The Li-Ming Chinese Academy is located in Gaithersburg, MD. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Li-Ming Chinese Academy employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Li-Ming Chinese Academy 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 06/2021, Li-Ming Chinese Academy generated $125.1k 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 (6.6%) each year. All expenses for the organization totaled $99.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
THE SCHOOL OFFER CHINESE LANGUAGE CLASSES TO CHILDREN FROM AGE 3 TO 18 YEARS. THIS IS THE PRIMARY FUNCTION OF THE ORGANIZATION, OTHER NONCLASSROOM ACTIVITIES ARE CARRIED OUT FOR THE PURPOSES OF FACILITATING THE TEACHING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Poching Liu Member | 2 | $0 | |
Yi-Ching Lee Treasurer | 2 | $0 | |
Che-Chun Wang Secretary | 2 | $0 | |
Ted Hsieh Member | 2 | $0 | |
Sandra Jeng Member | 2 | $0 | |
Janey Hsiao Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,513 |
| Total Program Service Revenue | $123,609 |
| Membership dues | $0 |
| Investment income | $571 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$552 |
| Other Revenue | $0 |
| Total Revenue | $125,141 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,236 |
| Professional fees and other payments to independent contractors | $166 |
| Occupancy, rent, utilities, and maintenance | $1,683 |
| Printing, publications, postage, and shipping | $65 |
| Other expenses | $14,478 |
| Total expenses | $99,628 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $303,062 |
| Other assets | $0 |
| Total assets | $308,543 |
| Total liabilities | $121,457 |
| Net assets or fund balances | $187,086 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Li-Ming Chinese Academy has recieved totaling $292.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Csdc Property Corporation Hanover, MD | $98,381,398 | $10,915,076 |
Lehigh Valley Charter High School For The Arts Bethlehem, PA | $5,854,757 | $11,587,241 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
Fpf Education And Innovation Foundation Washington, DC | $7,838,229 | $9,845,360 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Integrated Design Electronics Acade My Public Charter School Washington, DC | $15,621,514 | $8,510,421 |
Citizens Assembly Inc Washington, DC | $121,418 | $7,353,833 |
Robert Benjamin Wiley Community Charter School Erie, PA | $5,943,995 | $8,110,042 |
Academy Of Hope Adult Public Charter School Washington, DC | $10,256,944 | $8,937,280 |
Karachi American Society School Washington, DC | $28,760,206 | $7,576,146 |