2022-05-13T09:50:58-05:00 2021-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2020-07-01 201523055 YINGHUA ACADEMY YING 6127889095 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 PAUL HALLER BOARD CHAIR 6127889095 2022-04-13 1 PAUL HALLER 999009999 KATHLEEN NEW CPA P01320485 5157275700 2022-04-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAUL HALLER 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 9261257 0 X WWW.YINGHUAACADEMY.ORG X 2004 MN 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. 13 12 142 100 0 0 8512675 9053188 835476 183237 15906 5582 14421 19250 9378478 9261257 0 0 0 0 6184958 6275986 0 0 0 3477393 3182887 9662351 9458873 -283873 -197616 8116150 6639142 10366262 9614071 -2250112 -2974929 SEE PART I, LINE 1 0 0 8440172 202487 YINGHUA ACADEMY SERVED 843 STUDENTS DURING THE FISCAL YEAR. 8440172 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 0 0 0 0 0 0 0 1 0 0 0 1 37 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 SUSAN BERG EXECUTIVE DIRECTOR 41.00 X 129214 0 37913 SHU-MEI LAI FORMER BOARD MEMBER/TEACHER 40.00 X 64498 0 25918 ERICA RASMUSSEN BOARD MEMBER/TEACHER 41.00 X 47981 0 15358 AMANDA SCHNEIDER CHAIRPERSON 1.00 X X 0 0 0 NATHAN BODE SECRETARY 1.00 X X 0 0 0 SUZANNE REIDER TREASURER 1.00 X X 0 0 0 CINDY BURSELL BOARD MEMBER 1.00 X 0 0 0 ERIC FOSTER BOARD MEMBER 1.00 X 0 0 0 BROOKE DARRAH-HAGE BOARD MEMBER 1.00 X 0 0 0 PAUL HALLER BOARD MEMBER 1.00 X 0 0 0 EVANS OWENS BOARD MEMBER 1.00 X 0 0 0 CINDY MOELLER BOARD MEMBER 1.00 X 0 0 0 JOEL LUEDTKE BOARD MEMBER 1.00 X 0 0 0 JANE STEINER BOARD MEMBER 1.00 X 0 0 0 CHARLES ROBINSON BOARD MEMBER 1.00 X 0 0 0 241693 0 79189 1 1 1 0 METROPOLITAN TRANSPORTATION NETWORK INC 8260 HICKORY ST NE FRIDLEY MN 55432 TRANSPORTATION 552702 CLIFTONLARSONALLEN LLP 220 S 6TH ST SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 105919 2 8862010 191178 9053188 COMM ED CLASSES FEES 611710 57524 57524 FOOD SALES 722210 46229 46229 OTHER ACTIVITIES FEES 611710 42576 42576 COMM ED DAYCARE FEES 611710 36481 36481 MEDICAL ASSISTANCE 611710 427 427 183237 5582 5582 MISCELLANEOUS REVENUE 900099 19250 19250 19250 9261257 202487 0 5582 203094 51622 151472 70150 70150 4812147 4421515 390632 380464 351085 29379 457985 414126 43859 352146 313335 38811 66111 66111 109117 109117 142839 135954 6885 116050 51582 64468 120599 65013 55586 1436404 1434555 1849 4433 4433 69129 62736 6393 37678 35220 2458 TRANSPORTATION 536090 536090 INSTRUCTIONAL SUPPLIES 210848 210848 REPAIR & MAINT 112987 111777 1210 FIELD TRIPS 76734 76734 143868 93397 50471 9458873 8440172 1018701 0 X 566599 371764 1761219 1723017 880315 961391 85413 80519 1011227 554484 417807 456743 4404797 3045708 8116150 6639142 680652 570308 14740 5411 9670870 9038352 10366262 9614071 X -2667919 -3431672 417807 456743 0 0 -2250112 -2974929 8116150 6639142 X -197616 -527201 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40861 12032 28829 970366 542452 427914 456743 GASB 68 DEFERRED OUTFLOWS 3045708 3045708 GASB 68 NET PENSION LIABILITY 5620949 GASB 68 DEFERRED INFLOWS 3301760 DUE TO OTHER FUNDS 115643 9038352 X 9299439 38182 38182 9261257 0 9261257 9996101 1819444 1819444 8176657 1282216 1282216 9458873 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY REVENUES 761. PENSION REVENUES 37,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY EXPENSES 1,254,821. PENSION EXPENSES 564,623. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING COMPANY RENT 1,282,216. 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 X 0 0 0 0 0 0 0 0 0 SUSAN BERG EXECUTIVE DIRECTOR 129214 0 0 0 0 0 11732 0 26181 0 167127 0 0 0 SHU-MEI LAI FORMER BOARD MEMBER/TEACHER 64498 0 0 0 0 0 6100 0 19818 0 90416 0 0 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. 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 -527,201. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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