2025-05-15T13:53:24-05:00 2024-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2023-07-01 201523055 YINGHUA ACADEMY YING 6127889095 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 COLLEEN EBINGER BOARD CHAIR 6127889095 2025-05-13 1 1 MICHELLE M HEKEL P01440878 3192346885 2025-05-13 2023 2025-03-06 01:10:19Z DR LUYI LIEN 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 11363731 0 X WWW.YINGHUAACADEMY.ORG X 2004 MN OPERATION OF A CHARTER SCHOOL IN MINNEAPOLIS, MN 9 8 172 248 0 0 9300233 10363605 1372172 957610 27164 39078 450 3438 10700019 11363731 0 0 0 0 6101636 6823182 0 0 0 4215768 4298635 10317404 11121817 382615 241914 6381707 6203285 8186057 7466630 -1804350 -1263345 THE MISSION OF YINGHUA ACADEMY IS TO PROVIDE A CHALLENGING AND COMPREHENSIVE LEARNING ENVIRONMENT THAT WILL NURTURE THE STUDENTS' NATURAL INQUISITIVENESS AND WILL PREPARE THEM TO BE ENGAGED AND PRODUCTIVE GLOBAL CITIZENS. 0 0 10151449 961048 YINGHUA ACADEMY ("THE ACADEMY") IS A PUBLIC SCHOOL WHICH SERVES GRADES K-8. THE ACADEMY PROVIDES A RESEARCH-BASED EDUCATIONAL PROGRAM THAT INCLUDES RIGOROUS ACADEMIC PROGRAM, IMMERSION IN CHINESE LANGUAGE AND CULTURE, AND A NURTURING AND SUPPORTIVE SCHOOL ENVIRONMENT. IN 2023-2024, YINGHUA ACADEMY ENROLLED 107 STUDENTS IN KINDERGARTEN, 319 STUDENTS IN GRADES 1-3, 240 STUDENTS IN GRADES 4-6, AND 170 STUDENTS IN GRADES 7-8. 10151449 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 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 53 0 1 172 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 0 0 MN X ERIC FOSTER 6127889095 1616 BUCHANAN ST NE MINNEAPOLIS MN 55413 X PAMELLA STOMMES BOARD MEMBER/TEACHER 41.00 0.00 X 65245 0 30068 CINDY MOELLER BOARD CHAIR 1.00 0.00 X X 0 0 0 NATHAN BODE SECRETARY 1.00 0.00 X X 0 0 0 CHARLES ROBINSON TREASURER 1.00 0.00 X X 0 0 0 PAUL HALLER BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW LAWTON BOARD MEMBER 1.00 0.00 X 0 0 0 COLLEEN EBINGER BOARD MEMBER 1.00 0.00 X 0 0 0 AMANDA SCHNEIDER BOARD MEMBER 1.00 0.00 X 0 0 0 YINGLU ZEGLIN BOARD MEMBER 1.00 0.00 X 0 0 0 V JOHN ELLA BOARD MEMBER (END 1/22/24) 1.00 0.00 X 0 0 0 YE CHENG BOARD MEMBER (END 10/16/23)/TEACHER 41.00 0.00 X 53280 0 23270 DR LUYI LIEN EXECUTIVE DIRECTOR 40.00 0.00 X 114656 0 48010 233181 0 101348 1 0 1 0 METROPOLITAN TRANSPORTATION NETWORK 8260 HICKORY STE NE FRIDLEY MN 55432 TRANSPORTATION 565816 CKC GOOD FOOD PO BOX 583598 MINNEAPOLIS MN 55458 FOOD SERVICE 316560 OCEANIA TOURS 2160 SOUTH ARCHER AVE FL 2ND CHICAGO IL 60616 FIELD TRIP 192040 MN CLN SEVICES 5608 INTERNATIONAL PARKWAY NEW HOPE MN 55428 CLEANING 175353 CLIFTONLARSONALLEN LLP PO BOX 776376 CHICAGO IL 60677 ACCOUNTING 120703 5 10271862 91743 10363605 OTHER ACTIVITIES FEES 611710 498269 498269 COMM ED CLASSES FEES 611710 435547 435547 FOOD SALES 611710 23544 23544 MEDICAL ASSISTANCE 611710 250 250 957610 39078 39078 MISC REVENUE 900099 3438 3438 3438 11363731 961048 0 39078 X 313626 159327 154299 5280115 5025857 254258 409569 392249 17320 451958 406828 45130 367914 341156 26758 72568 72568 108727 108727 1822501 1746105 76396 122771 58493 64278 137712 76319 61393 1462629 1403774 58855 845 845 36651 36651 104717 95136 9581 55664 55664 REPAIR & MAINT 170411 170311 100 INSTRUCTIONAL SUPPLIES 128267 128267 FIELD TRIPS 50396 50396 DUES & MEMBERSHIPS 24776 4916 19860 11121817 10151449 970368 0 X 468008 2136430 1915426 500000 1240690 1452012 142526 19295 1359075 856657 477526 502418 2137531 1593130 6381707 6203285 693008 787016 31938 35654 7461111 6643960 8186057 7466630 X 0 0 0 0 -1804350 -1263345 -1804350 -1263345 6381707 6203285 X 241914 18492 280599 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128885 39162 89723 1230190 817495 412695 502418 GASB 68 DEFERRED OUTFLOWS 1593130 1593130 GASB 68 NET PENSION LIABILITY 5548779 GASB 68 DEFERRED INFLOWS 988743 DUE TO YBC INC 106438 6643960 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. X 0 0 0 0 0 0 0 0 0 DR LUYI LIEN EXECUTIVE DIRECTOR 114656 0 0 0 0 0 11032 0 36978 0 162666 0 0 0 CHEMIN CHU FAMILY RELATIONSHIP TO DR. LIEN, EXECUTIVE DIRECTOR 77606 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 15A 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. PAMELLA STOMMES IS A BOARD MEMBER BUT RECEIVED COMPENSATION FOR THEIR SERVICE AS A TEACHER. FORM 990, PART IX, LINE 11G TRANSPORTATION: PROGRAM SERVICE EXPENSES 546,877. MANAGEMENT AND GENERAL EXPENSES 43. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 546,920. FOOD SERVICE: PROGRAM SERVICE EXPENSES 509,155. MANAGEMENT AND GENERAL EXPENSES 11,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 520,955. OTHER: PROGRAM SERVICE EXPENSES 690,073. MANAGEMENT AND GENERAL EXPENSES 64,553. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 754,626. 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 280,599. 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 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 YBC INC K 1270536 LEASE AGREEMENT YBC INC E 106438 CASH BALANCE