Ray Chinese School FY2023 filing

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Ray Chinese School is a non-for-profit corporation that operates one of the largest Chinese schools in the chicagoland area.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4102156) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
77% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 15% of spending
Pay to officers and key staff is 15% of spending.
Part VII, Section A
17.9 mo
of spending, in cash
17.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$168K
18% of total assets
Liabilities are 18% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$592K
+8% vs prior year
Spent
$604K
To programs
77%
Net assets
$771K
By yearFY2020–FY2025
Revenue
$592K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$686K
FY2021$588K
FY2022$549K
FY2023$592K
FY2024$574K
FY2025$553K
Expenses
$604K
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$697K
FY2021$582K
FY2022$539K
FY2023$604K
FY2024$563K
FY2025$500K
Net assets
$771K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$768K
FY2021$774K
FY2022$784K
FY2023$771K
FY2024$786K
FY2025$838K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $466K Management & general 23% · $138K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $92K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Principal
$31,507Pt VII · Sec A
Assistant PR
$22,950Pt VII · Sec A
Finance Dire
$9,181Pt VII · Sec A
Registration
$5,840Pt VII · Sec A
General Dire
$5,838Pt VII · Sec A
Comms Direct
$5,364Pt VII · Sec A
Principal
$3,650Pt VII · Sec A
Assistant PR
$3,404Pt VII · Sec A

Zhihong Guo’s $30K as Teacher/Suca is at the 22nd percentile of top reported officer pay among 1613 $100K–1M education 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Xi—$8,252$31,507$41,852$49,206—
Bing Zhang—$3,860$22,950$36,161$43,807$17,641
Zhihong Guo$29,702—————
Lihong Shi—$29,494————
Jian Xi—————$24,516
Jiyong Zhao—————$17,488
Yifeng Liao—$14,600$5,840$1,912——
Jing Han$13,982$8,606————

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.

See Ray Chinese School executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches Chinese language and culture to students in the Chicagoland area.

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2 programs · $466K · in their own filed words · FY2022
01

School offering curriculum and extra-curriculum activities toward achiveing academic excellence and international perspective through chinese language and culture for over 800 students.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4102156) · Dispute this line
$465Kprogram expense
02

Scholarship with temporary restriction

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-4102156) · Dispute this line
$500program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$200

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$592K
Ln 12
Fees for servicesLn 2g$571K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$3K
Money outPt IX
$604K
Ln 25
Programscol B$466K
Managementcol C$138K
Owns and owesPt X
$771K
net assets · Ln 32
Cash and savingsLn 1–2$902K
Total assetsLn 16$939K
LiabilitiesLn 26$168K
PeoplePt VI, VII
19
listed · VII A
PaidVII A10
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$571K
Investment incomeLn 3$3K
Total revenueLn 12$592K
Assets in detailPt X, end of year
CashLn 1$614K
SavingsLn 2$288K
Cash and savings togetherLn 1–2$902K
Accounts receivableLn 4$4K
Prepaid expenses and deferred chargesLn 9$33K
Total assetsLn 16$939K
LiabilitiesLn 26$168K
Net assetsLn 32$771K
OperationsPt I, VI
EmployeesI 533
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$928K$902K
Total assetsLn 16$962K$939K
LiabilitiesLn 26$179K$168K
Net assetsLn 32$784K$771K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$500$500
Other salaries and wagesLn 7$224K$224K
Legal feesLn 11b$250$250
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$68K$68K
Conferences, conventions and meetingsLn 19$4K$4K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$270K$166K$104K
All other expensesLn 24e$16K$8K$9K
Total functional expensesLn 25$604K$466K$138K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 3, 2026 $553K$500K$52K$838K 990 PDF
FY2024Filed with the IRS Mar 1, 2025 $574K$563K$12K$786K 990 PDF
FY2023 ViewingFiled with the IRS Mar 10, 2024 $592K$604K−$12K$771K 990 PDF
FY2022Filed with the IRS Apr 14, 2023 $549K$539K$10K$784K 990 PDF
FY2021Filed with the IRS May 13, 2022 $588K$582K$6K$774K 990 PDF
FY2020Filed with the IRS Feb 26, 2021 $686K$697K−$11K$768K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $591,713 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,800$18,123
I-9 Program service revenuePrior year $517,997$570,684
I-10 Investment incomePrior year $4,294$2,906
I-11 Other revenue$0
I-12 Total revenuePrior year $549,091$591,713
I-13 Grants and similar amounts paid$500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $186,201$223,980
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $353,016$379,658
I-18 Total expensesPrior year $539,217$604,138
I-19 Revenue less expensesPrior year $9,874−$12,425
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $591,713 across 5 lines filed
VIII-1f All other contributions, gifts and grants$18,123
VIII-1h Total contributions, gifts and grants$18,123
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $570,684$570,684
VIII-3 Investment incomeRelated to mission $2,906$2,906
VIII-12 Total revenueRelated to mission $573,590$591,713
Part IX · Statement of functional expenses $604,138 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $500$500
IX-7 Other salaries and wagesPrograms $223,980$223,980
IX-11b Legal feesManagement $250$250
IX-11c Accounting feesManagement $6,899$6,899
IX-12 Advertising and promotionManagement $1,962$1,962
IX-13 Office expensesManagement $2,327$2,327
IX-16 OccupancyPrograms $67,860$67,860
IX-19 Conferences, conventions and meetingsManagement $4,371$4,371
IX-23 InsuranceManagement $9,949$9,949
IX-24 Other expenses (24a–d)Programs $165,804 · Management $103,890$269,694
IX-24e All other expensesPrograms $7,795 · Management $8,551$16,346
IX-25 Total functional expensesPrograms $465,939 · Management $138,199 · Fundraising $0$604,138
Part X · Balance sheet $938,679 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $665,728$614,069
X-2 Savings and temporary cash investmentsStart of year $262,361$288,003
X-4 Accounts receivableStart of year $2,066$3,985
X-9 Prepaid expenses and deferred chargesStart of year $32,289$32,622
X-16 Total assetsStart of year $962,444$938,679
X-17 Accounts payable and accrued expensesStart of year $7,904$15,218
X-19 Deferred revenueStart of year $170,848$117,884
X-25 Other liabilities$34,610
X-26 Total liabilitiesStart of year $178,752$167,712
X-27 Net assets without donor restrictionsStart of year $774,192$770,967
X-32 Total net assets or fund balancesStart of year $783,692$770,967
X-33 Total liabilities and net assetsStart of year $962,444$938,679
Part XI · Reconciliation of net assets $770,967 net assets at year end
XI-1 Total revenue$591,713
XI-2 Total expenses$604,138
XI-3 Revenue less expenses−$12,425
XI-4 Net assets at start of year$783,692
XI-8 Prior period adjustments−$300
XI-10 Net assets at end of year$770,967

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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