Overview
What is Yinghua Academy?
Yinghua Academy is a distinguished nonprofit institution situated in Minneapolis, serving as the sole full-immersion Mandarin Chinese K-8 school in the area. Established in 2006, it was the pioneer of public charter Chinese immersion schools in the United States and marked the beginning of such schools in the Midwest. Their mission is to cultivate globally engaged and productive citizens by offering a research-based educational program that integrates rigorous academics, immersion in the Chinese language and culture, and a nurturing and supportive school environment.
Official website here: www.yinghuaacademy.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator indicates that Yinghua Academy has achieved a Three-Star out of Four Star rating. This score reflects strong accountability and finance practices, with the majority of its score derived from the Accountability & Finance beacon. Such ratings underscore the organization's commitment to transparency and responsible financial management.
The organization boasts an impressive independent board, with 92% of its members being independent. It also excels in various metrics, including having no material diversion of assets and maintaining a solid program expense ratio of 90.35%. These strengths suggest that Yinghua Academy effectively allocates resources towards its programs, prioritizing its mission.
However, the rating highlights some areas for improvement. The absence of a whistleblower policy and the missing tax form on its website contributed to lower scores in those categories. Additionally, the liabilities to assets ratio of 128.27% raises concerns regarding financial sustainability. Addressing these issues could enhance their overall accountability and financial standing.
This AI summary has been generated from information found on Charity Navigator.
Is Yinghua Academy legitimate?
Yinghua Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yinghua Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $248,215
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,864,378
For more financial information, click here
Official website here: www.yinghuaacademy.org
What is the mission statement of Yinghua Academy?
Yinghua Academy's mission is centered around preparing students to become engaged and productive global citizens. This is achieved through an educational program that integrates rigorous academic studies, a deep immersion in the Chinese language, and a supportive school environment. The academy aims to foster students who can navigate the global landscape with confidence and understanding, leveraging their linguistic and cultural skills. The curriculum at Yinghua Academy is research-based, providing a comprehensive and holistic learning experience.
Official website here: www.yinghuaacademy.org
Who is the CEO of Yinghua Academy?
Paul Haller is the Executive Director of Yinghua Academy.
Official website here: www.yinghuaacademy.org
What is the revenue of Yinghua Academy?
Yinghua Academy's revenue in 2022 was $10,037,183.
Official website here: www.yinghuaacademy.org
Who are the executives of Yinghua Academy and what are their salaries?
The average compensation at Yinghua Academy during 2022 was $35,504. There are 144 employees and 200 volunteers at Yinghua Academy.
Here are 16 key members and their salaries:
- Compensation: $140,425
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- Other: $28,776
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Official website here: www.yinghuaacademy.org
Where can I find the form 990 for Yinghua Academy?
Yinghua Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yinghuaacademy.org
Learn more at the official website: www.yinghuaacademy.org
Mission Statement of Yinghua Academy
Yinghua Academy, a distinguished institution, is dedicated to preparing its students to become engaged and productive global citizens. It achieves this by implementing a research-based educational program that encompasses rigorous academic studies, immersion in the Chinese language, and a nurturing and supportive school environment. This mission is reflected in the academy's unique approach, which sets it apart as the only full immersion Mandarin Chinese K-8 school in the United States, specifically in Minneapolis, and the first of its kind in the Midwest. By fostering a comprehensive education that includes both academic excellence and cultural immersion, Yinghua Academy empowers its students to navigate the global community with confidence and understanding.
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Impact
August, 2024
Yinghua Academy's impact lies in preparing its students to be engaged and productive global citizens through a research-based educational program. As the only full immersion Mandarin Chinese K-8 school in Minneapolis, Yinghua Academy stands out for its rigorous academic curriculum, immersion in Chinese language and culture, and nurturing school environment. Since its establishment in 2006, Yinghua Academy has paved the way for Chinese language education in the U.S. and the Midwest, setting a high standard for language immersion programs and fostering cross-cultural understanding among its students.
This information is meant to be a general summary of Yinghua Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,927
- Program Service Revenue: $495,840
- Gross Receipts: $10,037,183
Assets and Liabilities:
- Total Assets: $6,729,014
- Total Liabilities: $9,493,914
- Net Assets: -$2,764,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMM ED CLASSES FEES
Revenue
$230,711
COMM ED DAYCARE FEES
Revenue
$135,761
OTHER ACTIVITIES FEES
Revenue
$127,737
FOOD SALES
Revenue
$1,631
Organization Details
Founding Year
2004
Phone
(612) 788-9095Principal Officer
Paul Haller
Main Address
1616 BUCHANAN STREET NE, MINNEAPOLIS, MN, 55413
Website
www.yinghuaacademy.orgNTEE Category
Code: B29 - Education
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