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Shuang Wen Academy Network (Swan)

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311587377 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Shuang Wen Academy Network (Swan)?

Shuang Wen Academy Network (Swan) is a nonprofit organization located in New York City, specifically at 90 Bowery, 2nd Floor. Its primary mission is to foster proficiency in Mandarin Chinese and promote awareness of Chinese culture among individuals from diverse social, economic, and ethnic backgrounds. Swan achieves this goal by utilizing a blend of traditional and innovative teaching techniques, advanced technologies, and strategic partnerships. By doing so, it empowers its students to thrive in an increasingly competitive and demanding international environment. Swan provides elementary and middle school Chinese learning programs during the summer, offering an enriching cultural and academic experience through Chinese language immersion, physical activities, and fun events. Additionally, Swan has a dedicated workforce of 74 employees.


Official website here: www.swan-nyc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88% (Three-Star out of Four Star rating)

Shuang Wen Academy Network (Swan) has earned an impressive score of 88%, reflecting strong accountability and financial practices. The rating is derived from a thorough evaluation of its financial health and governance structure, which demonstrates an independent board with 100% of its members being independent. This is a key strength, as independent oversight can enhance the organization's transparency and decision-making processes.

The financial analysis shows a robust program expense ratio of 81.47%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has effectively maintained a low liabilities to assets ratio of 46.83%, suggesting sound financial management. However, there are some areas needing improvement, such as the absence of a whistleblower and document retention policy, which could potentially impact governance and accountability.

Overall, Swan's strong performance in financial accountability showcases its commitment to responsible management, although addressing the noted limitations in governance policies could further enhance its operational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Shuang Wen Academy Network (Swan) legitimate?

Shuang Wen Academy Network (Swan) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shuang Wen Academy Network (Swan) 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: $93,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $511,499

For more financial information, click here


Official website here: www.swan-nyc.org

What is the mission statement of Shuang Wen Academy Network (Swan)?

Shuang Wen Academy Network (Swan) aims to foster proficiency in Mandarin Chinese and promote awareness of Chinese culture in individuals, thereby preparing them to thrive in the competitive and demanding international environment. The academy caters to students from diverse social, economic, and ethnic backgrounds, providing them with the necessary language skills and cultural understanding to become global citizens. Swan utilizes both traditional and innovative teaching methods, advanced technologies, and strategic partnerships to develop these students effectively. Additionally, Swan offers summer programs for elementary and middle school Chinese learning, providing an enriching cultural and academic experience that is both engaging and affordable. The academy also shares its best practices for potential replication.


Official website here: www.swan-nyc.org

Who is the CEO of Shuang Wen Academy Network (Swan)?

Tony Wong is the Executive Director of Shuang Wen Academy Network (Swan).


Official website here: www.swan-nyc.org

What is the revenue of Shuang Wen Academy Network (Swan)?

Shuang Wen Academy Network (Swan)'s revenue in 2022 was $1,808,530.


Official website here: www.swan-nyc.org

Who are the executives of Shuang Wen Academy Network (Swan) and what are their salaries?

The average compensation at Shuang Wen Academy Network (Swan) during 2022 was $8,170. There are 74 employees and 15 volunteers at Shuang Wen Academy Network (Swan).


Here are 9 key members and their salaries:


Fu Mei Cheung (Executive Director)
  • Compensation: $93,078
  • Related: $0
  • Other: $0
Nancy Eng (Director/Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Lun (Director/Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Wong (Director/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vincent Choi (Director/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Selina Chong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Tsang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fung (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quentine Huie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.swan-nyc.org

Where can I find the form 990 for Shuang Wen Academy Network (Swan)?

Shuang Wen Academy Network (Swan)'s most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.swan-nyc.org

Learn more at the official website: www.swan-nyc.org

Mission Statement of Shuang Wen Academy Network (Swan)

Shuang Wen Academy Network, often referred to as Swan, is committed to a distinctive mission. Its primary objective is to foster proficiency in Mandarin Chinese language and a deeper appreciation for Chinese culture in individuals. By doing so, Swan aims to prepare these students to thrive in the increasingly competitive and demanding global environment.

Swan serves a diverse group of students, hailing from various social, economic, and ethnic backgrounds. It achieves this mission by offering early learning opportunities that skillfully blend traditional and innovative teaching techniques, advanced technologies, and strategic partnerships. Swan's ultimate goal is to nurture these students, empowering them to become global citizens equipped with a strong foundation in Mandarin Chinese and a deeper understanding of Chinese culture.

In addition, Swan offers summer programs for elementary and middle school students, providing an enriching cultural and academic learning experience. This program goes beyond affordable Mandarin language immersion, culture, physical activities, and fun, offering children a chance to broaden their horizons and gain a deeper appreciation for the Chinese culture. Swan's mission is not just about teaching Mandarin language but also about fostering a sense of global citizenship, preparing students to navigate the complexities of the international community.

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Impact




October, 2024

Shuang Wen Academy Network (Swan) significantly impacts individuals and communities by fostering proficiency in Mandarin Chinese and enhancing awareness of Chinese culture. Through its comprehensive programs, Swan prepares students to navigate an increasingly competitive global landscape, equipping them with valuable language skills and cultural insights.

The academy employs both traditional and innovative teaching techniques alongside advanced technologies to create engaging learning experiences. By focusing on students from diverse social, economic, and ethnic backgrounds, Swan promotes inclusivity and broadens access to quality education in Mandarin. This commitment ensures that children not only learn a new language but also gain a deeper understanding of cultural dynamics, fostering empathetic global citizens.

Swan's summer programs further enrich students' educational journeys by providing immersive opportunities that integrate language learning with cultural and physical activities in an engaging environment. These impactful experiences help cultivate lifelong learners who are capable of thriving in diverse settings, contributing positively to society and the global community. Through its initiatives, Swan also shares best practices for replication, fostering a broader impact on educational methodologies in language acquisition and cultural education.




This information is meant to be a general summary of Shuang Wen Academy Network (Swan). 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.

Revenue
$1,808,530 (2022)
Expenses
$1,096,448 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,762
  • Program Service Revenue: $1,543,552
  • Gross Receipts: $1,808,530

Assets and Liabilities:

  • Total Assets: $1,522,970
  • Total Liabilities: $713,305
  • Net Assets: $809,665

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICES

Revenue

$1,543,552

Organization Details

Founding Year

1996

Principal Officer

Tony Wong

Main Address

90 BOWERY 2ND FLOOR, New York, NY, 10013

NTEE Category

Code: B99 - Education

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