2024-05-13T17:19:34-05:00 2023-06-30 471019942 CREATIVE PLANNING TAX LLC 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2022-07-01 201523055 YINGHUA ACADEMY YING 6127889095 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 CINDY MOELLER BOARD CHAIR 6127889095 2024-05-02 1 CINDY MOELLER 999009999 1 MICHELLE M HEKEL P01440878 5157275700 2024-05-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR LUYI LIEN 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 10700019 0 X WWW.YINGHUAACADEMY.ORG X 2004 MN OPERATION OF A CHARTER SCHOOL IN MINNEAPOLIS, MN 13 12 142 248 0 0 9538416 9300233 495840 1372172 2927 27164 0 450 10037183 10700019 0 0 0 0 6305638 6101636 0 0 0 3595591 4215768 9901229 10317404 135954 382615 6729014 6381707 9493914 8186057 -2764900 -1804350 TO PREPARE OUR STUDENTS TO BE ENGAGED AND PRODUCTIVE GLOBAL CITIZENS BY PROVIDING A RESEARCH-BASED EDUCATIONAL PROGRAM THAT INCLUDES RIGOROUS ACADEMIC PROGRAM, IMMERSION IN CHINESE LANGUAGE AND CULTURE, AND A NURTURING AND SUPPORTIVE SCHOOL ENVIRONMENT. 0 0 9416142 1372622 YINGHUA ACADEMY SERVED 828 STUDENTS DURING THE FISCAL YEAR. 9416142 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 48 0 1 142 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 MN X CLIFTON LARSON ALLEN 6123764500 220 SOUTH 6TH ST SUITE 300 MINNEAPOLIS MN 55402 X YE CHENG BOARD MEMBER/TEACHER 40.00 X 59073 0 5739 PAUL HALLER BOARD CHAIR 1.00 X X 0 0 0 NATHAN BODE SECRETARY 1.00 X X 0 0 0 CHARLES ROBINSON TREASURER 1.00 X X 0 0 0 AMANDA SCHNEIDER BOARD MEMBER 1.00 X 0 0 0 ANDREW LAWTON BOARD MEMBER 1.00 X 0 0 0 EVAN OWENS BOARD MEMBER 1.00 X 0 0 0 CINDY MOELLER BOARD MEMBER 1.00 X 0 0 0 YINGLU ZEGLIN BOARD MEMBER 1.00 X 0 0 0 V JOHN ELLA BOARD MEMBER 1.00 X 0 0 0 DR LUYI LIEN EXECUTIVE DIRECTOR 40.00 X 101176 0 33727 160249 0 39466 1 0 0 0 EDUCATIONAL PROPERTIES YINGHUA LLC 3248 LAUREL ST NEW ORLEANS LA 70115 BUILDING LEASE/RENT 1165885 METROPOLITAN TRANSPORTATION NETWORK INC 8260 HICKORY ST NE FRIDLEY MN 55432 TRANSPORTATION/BUS SERVICES 553750 CKC GOOD FOOD PO BOX 583598 MINNEAPOLIS MN 55458 FOOD SERVICE 285903 MN CLN SERVICES 5608 INTERNATIONAL PKWY NEW HOPE MN 55428 JANITORIAL SERVICES 162005 4 9131973 168260 9300233 OTHER ACTIVITIES FEES 611710 746165 746165 COMM ED CLASSES FEES 611710 377215 377215 FOOD SALES 611710 248792 248792 1372172 27164 27164 MISC REVENUE 900099 450 450 450 10700019 1372622 0 27164 X 218119 74453 143666 4785948 4530125 255823 392867 374883 17984 374047 339075 34972 330655 305005 25650 19072 19072 124065 124065 1345376 1242718 102658 107677 50906 56771 148400 44318 104082 1467627 1466485 1142 31907 31622 285 100749 95846 4903 46663 46663 FIELD TRIPS 355773 355773 0 REPAIR & MAINT 216551 216229 322 INSTRUCTIONAL SUPPLIES 144359 144359 0 SMALL EQUIPMENT PURCHAS 95534 95534 0 12015 2148 9867 10317404 9416142 901262 0 X 583815 468008 1630700 1915426 878252 1240690 155757 142526 1204808 727282 530073 477526 2950417 2137531 6729014 6381707 592735 693008 62734 31938 8838445 7461111 9493914 8186057 X -3294973 -2281876 530073 477526 0 0 -2764900 -1804350 6729014 6381707 X 382615 577935 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128885 20062 108823 1075923 707220 368703 477526 GASB 68 DEFERRED OUTFLOWS 2137531 2137531 GASB 68 NET PENSION LIABILITY 6253761 GASB 68 DEFERRED INFLOWS 1108761 DUE TO OTHER FUNDS 98589 7461111 X PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ACADEMY IS ALSO EXEMPT FROM MINNESOTA FRANCHISE OR INCOME TAX. THE ACADEMY IS REQUIRED TO ASSESS WHETHER AN UNCERTAIN TAX POSITION EXISTS AND IF THERE SHOULD BE RECOGNITION OF A RELATED BENEFIT OR LIABILITY IN THE FINANCIAL STATEMENTS. THE ACADEMY HAS DETERMINED THERE ARE NOT AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS COMMUNICATED THROUGH THE MATERIAL MAILED TO FAMILIES WITH SCHOOL AGE CHILDREN. SCHEDULE E, PART I, LINE 6 AS A MINNESOTA PUBLIC CHARTER SCHOOL, THE SCHOOL RECIEVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. CHEMIN CHU FAMILY RELATIONSHIP TO DR. LIEN, EXECUTIVE DIRECTOR 65555 EMPLOYEE COMPENSATION 0 FORM 990, PART VI, SECTION A, LINE 7A EACH PARENT AND LEGAL GUARDIAN OF A CHILD ENROLLED AT THE SCHOOL AND EACH EMPLOYEE OF THE SCHOOL SHALL HAVE THE RIGHT TO EXERCISE ONE VOTE FOR ITS BOARD CANDIDATES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE PUBLIC DISCLOSURE COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C YINGHUA BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT EACH YEAR (NEW AND INCOMING). THE STATMENTS ARE PROVIDED TO YINGHUA'S AUTHORIZER, FRIENDS OF EDUCATION, FOR REVIEW. ANY CONCERNS ARE VETTED BACK WITH THE YINGHUA BOARD. CORRECTIVE ACTIONS COULD INCLUDE MEMBERS RECUSING THEMSELVES FROM DISCUSSION OR VOTING WHEN THERE IS A PERCEIVED CONFLICT OF INTEREST UP TO A BOARD MEMBER RESIGNING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SALARIES FOR CHARTER SCHOOL EXECUTIVE DIRECTORS ARE REVIEWED BY THE BOARD. ADDITIONALLY, THE EXECTIVE DIRECTOR IS SCORED BY RUBRIC IN ORDER TO DETERMINE COMPENSATION INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A: RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. YE CHENG IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR THEIR SERVICE AS A TEACHER. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 380,799. MANAGEMENT AND GENERAL EXPENSES 91,246. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 472,045. TRANSPORTATION: PROGRAM SERVICE EXPENSES 584,504. MANAGEMENT AND GENERAL EXPENSES 30. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 584,534. FOOD SERVICE: PROGRAM SERVICE EXPENSES 277,415. MANAGEMENT AND GENERAL EXPENSES 11,382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 288,797. FORM 990, PART X, LINE 25: PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES. FORM 990, PART XI, LINE 9: GASB 68 - PENSION ADJUSTMENT 577,935. YBC INC 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 263655173 RENTAL PROPERTY MN 501(C)(3) LINE 12C, III-FI YINGHUA ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 YBC INC K 1258622 LEASE AGREEMENT YBC INC D 98589 CASH BALANCE