2023-05-03T16:04:44-05:00 2022-06-30 411431613 BERGANKDV LTD 12100 MEREDITH DR SUITE 200 URBANDALE IA 50323 990 2021-07-01 201523055 YINGHUA ACADEMY YING 6127889095 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 PAUL HALLER BOARD CHAIR 6127889095 2023-04-19 1 PAUL HALLER 999009999 KATHLEEN NEW CPA P01320485 5157275700 2023-03-31 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PAUL HALLER 1616 BUCHANAN STREET NE MINNEAPOLIS MN 55413 10037183 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 12 144 200 0 0 9053188 9538416 183237 495840 5582 2927 19250 0 9261257 10037183 0 0 0 0 6275986 6305638 0 0 0 3182887 3595591 9458873 9901229 -197616 135954 6639142 6729014 9614071 9493914 -2974929 -2764900 SEE PART I, LINE 1 0 0 8960011 495840 YINGHUA ACADEMY SERVED 833 STUDENTS DURING THE FISCAL YEAR. 8960011 1 0 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 34 0 1 144 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 SUSAN BERG EXECUTIVE DIRECTOR 40.00 X 140425 0 28776 YE CHENG BOARD MEMBER/TEACHER 40.00 X X 57653 0 11374 SHU-MEI LAI FORMER BOARD MEMBER/TEACHER 1.00 X 43156 0 11754 ERICA RASMUSSEN FORMER BOARD MEMBER/TEACHER 41.00 X 31712 0 0 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 CINDY BURSELL BOARD MEMBER 1.00 X 0 0 0 ERIC FOSTER 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 ESRA KUCUKCIFCI BOARD MEMBER 1.00 X 0 0 0 YINGLU ZEGLIN BOARD MEMBER 1.00 X 0 0 0 JOHN ELLA BOARD MEMBER 1.00 X 0 0 0 272946 0 51904 1 1 1 0 METROPOLITAN TRANSPORTATION NETWORK INC 8260 HICKORY ST NE FRIDLEY MN 55432 TRANSPORTATION/BUS SERVICES 547160 CKC GOOD FOOD PO BOX 583598 MINNEAPOLIS MN 55458 FOOD SERVICE 402701 MN CLN SERVICES 5608 INTERNATIONAL PKWY NEW HOPE MN 55428 JANITORIAL SERVICES 147634 CLIFTONLARSONALLEN LLP PO BOX 776376 CHICAGO IL 60677 ACCOUNTING SERVICES 100521 4 9436253 102163 9538416 COMM ED CLASSES FEES 611710 230711 230711 COMM ED DAYCARE FEES 611710 135761 135761 OTHER ACTIVITIES FEES 611710 127737 127737 FOOD SALES 722210 1631 1631 495840 2927 2927 10037183 495840 0 2927 248215 77081 171134 24902 24902 4864378 4578613 285765 402653 380907 21746 411148 384328 26820 354342 322826 31516 79642 79642 115470 115470 279322 249302 30020 145253 80610 64643 89815 30099 59716 1466586 1464634 1952 49138 48633 505 72049 64556 7493 36972 36972 TRANSPORTATION 548704 548704 FOOD SERVICE 344920 344920 INSTRUCTIONAL SUPPLIES 155960 155960 REPAIR & MAINT 89707 87139 2568 122053 79825 42228 9901229 8960011 941218 0 X 371764 583815 1723017 1630700 961391 878252 80519 155757 1156606 626533 456743 530073 3045708 2950417 6639142 6729014 570308 592735 5411 62734 9038352 8838445 9614071 9493914 X -3431672 -3294973 456743 530073 0 0 -2974929 -2764900 6639142 6729014 X 135954 74075 X X 0 1 X 1 0 X 128885 15050 113835 1027721 611483 416238 530073 GASB 68 DEFERRED OUTFLOWS 2933953 DUE FROM YBC, INC 16464 2950417 GASB 68 NET PENSION LIABILITY 3543255 GASB 68 DEFERRED INFLOWS 5193624 DUE TO OTHER FUNDS 101566 8838445 X 10037244 61 61 10037183 0 10037183 9826769 1193404 1193404 8633365 1267864 1267864 9901229 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 790. PENSION REVENUES -729. PART XII, LINE 2D - OTHER ADJUSTMENTS: BUILDING COMPANY EXPENSES 1,268,208. PENSION EXPENSES -74,804. PART XII, LINE 4B - OTHER ADJUSTMENTS: BUILDING COMPANY RENT 1,267,864. 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 140425 0 0 0 0 0 12113 0 16663 0 169201 0 0 0 SHU-MEI LAI FORMER BOARD MEMBER/TEACHER 43156 0 0 0 0 0 3779 0 7975 0 54910 0 0 0 ERICA RASMUSSEN FORMER BOARD MEMBER/TEACHER 31712 0 0 0 0 0 0 0 0 0 31712 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 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 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 74,075. 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 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 0