Morris Chinese Academy a Njnonprofit Corporation EIN 20-4709185

Morris Chinese Academy a Njnonprofit Corporation

EIN  20-4709185 Public charity (501(c)(3)) Parsippany, NJ Founded 2006
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Size
$100K–1M
What they do
Offers Chinese language education to students eager to learn.
Leadership
Liya Wu · Principal · $7K
Money in and out
$152K revenue, $100K expenses
Bottom line
98% program efficiency

Offers Chinese language education to students eager to learn. For fiscal year 2024 it reported $152K in revenue, $100K in expenses, and $104K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$152K
Pt VIII · Ln 12
Total expenses
$100K
Pt IX · Ln 25
Net assets
$104K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
24.6mo
months of highly liquid reserves at operating expense rate▲ +64% vs prior filing year
Surplus margin
+34%
revenue over expenses, this year▲ +139% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$152K
FY2024▼ -14%
Expenses
$100K
FY2024▼ -34%
Total assets
$206K
FY2024▲ +9%
Total liabilities
$102K
FY2024▼ -25%
Total revenue
$152K
Pt VIII · Ln 12
Total expenses
$100K
Pt IX · Ln 25
Net assets
$104K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$206K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2024.
01

Provides chinese language education to students who want to learn chinese language

$98Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMorris Chinese Academy a Njnonprofit Corporation
EINHdr · item D20-4709185
Principal addressHdr · item CParsippany, NJ
WebsiteHdr · item Jwww.mcanjusa.org
Year of formationHdr · item L2006
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A70)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Principal
$6,691Pt VII · Sec A
Director
$6,139Pt VII · Sec A
Director
$4,608Pt VII · Sec A
Director
$468Pt VII · Sec A
Director
$436Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Liya Wu’s $7K as Principal is at the 5th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Aifang Pan$4,608$8,890$15,855$17,486$20,308$19,906
Yue Zhang$436$7,917$14,348$19,492$19,938$20,228
Yukun Sapio$6,139$9,561$14,232$14,159$16,874$16,104
Liya Wu$6,691$5,245$14,421
Jiandong Zhou$1,649$14,084$12,890$9,548$1,760
Michael Wang$468$2,633$6,656$10,722$12,731$10,416
Jinlai Fu$805$2,336$3,124$2,308
Weizheng Cao$246$2,408

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$143K · 94%
Investment income$8K · 6%
Program service revenue94%$143K
Investment income6%$8K
Total revenueLn 12$152K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$98K
Management & general2%$2K
Total functional expensesLn 25$100K

Balance Sheet

Part X · end of year
CashLn 1$206K
Total assetsLn 16$206K
Total liabilitiesLn 26$102K
Total net assetsLn 32$104K
Months of cash on handcomputed24.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $206K · Operating expenses/yr $100K
24.6 months
Where the money goes
Program services
Program services $98K · Total expenses $100K
98%
Management & General
Management & general $2K · Total expenses $100K
2%
Fundraising
Fundraising $0 · Total expenses $100K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $152K
0%
Government reliance
Government grants — · Total revenue $152K
Earned-income share
Program service revenue $143K · Total revenue $152K
94%
Investment reliance
Investment income $8K · Total revenue $152K
+6%
Program self-sufficiency
Program service revenue $143K · Total expenses $100K
143%
Growth & trend
Revenue growth (YoY)
This year $152K · Prior year $177K
-14%
Revenue CAGR
FY2019 $332K · FY2024 $152K
-15%
Net-asset trend (YoY)
End of year $104K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $152K · Expenses $100K
+34%
Liabilities-to-Assets
Total liabilities — · Total assets $206K
Net-asset ratio
Net assets $104K · Total assets $206K
50%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $206K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Liya Wu · Reported title PRINCIPAL · Highest reported compensation $7K · Total expenses $100K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $49K · Total expenses $100K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Revenue growth -14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$131

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$177K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$164K revenue · ⤓ 990 PDF
FY2021$221K revenue · ⤓ 990 PDF
FY2020$332K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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