Redapple Learning Campus EIN 45-2580283

Redapple Learning Campus

EIN  45-2580283 Public charity (501(c)(3)) Chapel Hill, NC
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Size
$100K–1M
What they do
Promotes Chinese language literacy and enriches cultural diversity.
Leadership
Limei Zhu · President · $94K
Money in and out
$319K revenue, $287K expenses
Bottom line
87% program efficiency

Promotes Chinese language literacy and enriches cultural diversity. For fiscal year 2024 it reported $319K in revenue, $287K in expenses, and $138K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $32K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
5.7mo
months of highly liquid reserves at operating expense rate▲ +30% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$319K
FY2024▲ +5%
Expenses
$287K
FY2024▲ +2%
Total assets
$138K
FY2024▲ +30%
Total liabilities
$0
FY2024
Total revenue
$319K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$138K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$32K
Total assetsPt X · Ln 16$138K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $249K of program spending, described in the organization's own filed words · FY2024.
01

Promote chinese language literacy and enrich cultural diversity within our community.

$249Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRedapple Learning Campus
EINHdr · item D45-2580283
Principal addressHdr · item CChapel Hill, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
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
President
$94,000Pt VII · Sec A

Limei Zhu’s $94K as President is at the 81st percentile of top reported officer pay among 1616 $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 · 1 named individual · Part VII

NameFY2024FY2023
Limei Zhu$94,000$90,000

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 revenue100%$319K
Total revenueLn 12$319K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$249K
Management & general13%$38K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$136K
Total assetsLn 16$138K
Total liabilitiesLn 26$0
Total net assetsLn 32$138K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $136K · Operating expenses/yr $287K
5.7 months
Where the money goes
Program services
Program services $249K · Total expenses $287K
87%
Management & General
Management & general $38K · Total expenses $287K
13%
Fundraising
Fundraising $0 · Total expenses $287K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $8
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $319K
0%
Government reliance
Government grants — · Total revenue $319K
Earned-income share
Program service revenue $319K · Total revenue $319K
100%
Investment reliance
Investment income $0 · Total revenue $319K
0%
Program self-sufficiency
Program service revenue $319K · Total expenses $287K
111%
Growth & trend
Revenue growth (YoY)
This year $319K · Prior year $304K
+5%
Net-asset trend (YoY)
End of year $138K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $319K · Expenses $287K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $138K
Net-asset ratio
Net assets $138K · Total assets $138K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $138K
0%
People & payroll
Highest Reported Total Compensation
Individual Limei Zhu · Reported title President · Highest reported compensation $94K · Total expenses $287K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $287K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Revenue growth 5%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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$16

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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 (Latest)$319K revenue · viewing · ⤓ 990 PDF
FY2023$304K 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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