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Sun Ray Chinese School INC

Tax-deductible

Carrollton, TX501(c)(3) EIN 75-2227227Revenue $304K in FY2024

On file with the IRS1017 Clint St, 75006-6339 · Carrollton, TXTax-exempt since Oct 1988School — 170(b)(1)(A)(ii)

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Providing education in Chinese language and Chinese culture.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
+112% vs prior year
Spent
$267K
To programs
97%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$304K
FY2024▲ +112%
Tap a bar for its year
Revenue by fiscal year
FY2020$408K
FY2021$206K
FY2022$173K
FY2023$144K
FY2024$304K
Expenses
$267K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$296K
FY2021$251K
FY2022$217K
FY2023$233K
FY2024$267K
Net assets
$1.5M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.5M
FY2023$1.4M
FY2024$1.5M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1988.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $258K Management & general 3% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Tzu-Chin Ko Fan
Director/Treasurer
$0Pt VII · Sec A
Tingwhai Lee
President
$0Pt VII · Sec A
Yu-Cheng Fan
Secretary
$0Pt VII · Sec A
See Sun Ray Chinese School INC executive salaries →

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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.

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Provided by the organization

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1 program · $258K · in their own filed words · FY2024
01

Providing education in chinese language and culture, math, english, sat and other electives, such as, martial arts, tradional chinese dance, art class, etc.

$258Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16
Grants paid · 4 grants · $36K · 2021–2023
Pure Land Buddhist AssociationFY2023$6,000
Fa Yun AranyaTX · FY2022$10,000
Pure Land Buddhist AssociationFY2021$10,000
Fa Yun AranyaTX · FY2021$10,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$304K
Ln 12
Fees for servicesLn 2g$165K
Investment incomeLn 3$135K
Gifts and grantsLn 1h$4K
Money outPt IX
$267K
Ln 25
Programscol B$258K
Managementcol C$9K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$184K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$165K
Investment incomeLn 3$135K
Gains on assetsLn 7$103K
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$149K
Cash and savings togetherLn 1–2$184K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$17K
Other assetsLn 15$8K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 518
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$207K$184K
InvestmentsLn 11–13$1.2M$1.3M
Land, buildings, equipmentLn 10c$17K$17K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Pay of disqualified personsLn 6$51K$51K
Payroll taxesLn 10$4K$4K
Legal feesLn 11b$2K$2K
Investment management feesLn 11f$7K$7K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$10K$10K
OccupancyLn 16$84K$84K
Depreciation, depletion and amortizationLn 22$764$764
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$66K$66K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$267K$258K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $304K$267K$37K$1.5M 990 PDF
FY2023 $144K$233K−$89K$1.4M 990 PDF
FY2022 $173K$217K−$44K$1.5M 990 PDF
FY2021 $206K$251K−$45K$1.6M 990 PDF
FY2020 $408K$296K$112K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $303,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,250$3,563
I-9 Program service revenuePrior year $133,659$165,223
I-10 Investment incomePrior year $6,740$135,056
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $143,649$303,842
I-13 Grants and similar amounts paidPrior year $18,500$18,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $94,015$54,760
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $120,217$193,698
I-18 Total expensesPrior year $232,732$266,758
I-19 Revenue less expensesPrior year −$89,083$37,084
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $303,842 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,563
VIII-1h Total contributions, gifts and grants$3,563
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $165,223$165,223
VIII-3 Investment incomeRelated to mission $31,638$31,638
VIII-7 Net gain or loss on sales of assetsRelated to mission $103,418$103,418
VIII-12 Total revenueRelated to mission $300,279 · Unrelated business $0 · Excluded from tax $0$303,842
Part IX · Statement of functional expenses $266,758 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $18,300$18,300
IX-6 Pay of disqualified personsPrograms $50,685$50,685
IX-10 Payroll taxesPrograms $4,075$4,075
IX-11b Legal feesManagement $2,200$2,200
IX-11f Investment management feesManagement $6,888$6,888
IX-12 Advertising and promotionPrograms $1,000$1,000
IX-13 Office expensesPrograms $10,442$10,442
IX-16 OccupancyPrograms $83,540$83,540
IX-22 Depreciation, depletion and amortizationPrograms $764$764
IX-23 InsurancePrograms $2,104$2,104
IX-24 Other expenses (24a–d)Programs $66,314$66,314
IX-24e All other expensesPrograms $20,446$20,446
IX-25 Total functional expensesPrograms $257,670 · Management $9,088 · Fundraising $0$266,758
Part X · Balance sheet $1,485,336 assets, 10 lines filed
Asset lines not itemized here account for $4,152; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $95,248$35,066
X-2 Savings and temporary cash investmentsStart of year $111,654$148,644
X-10c Land, buildings and equipment, netStart of year $17,336$16,572
X-11 Publicly traded securitiesStart of year $855,872$720,527
X-12 Other securitiesStart of year $356,000$552,385
X-15 Other assetsStart of year $7,990$7,990
X-16 Total assetsStart of year $1,448,252$1,485,336
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,448,252$1,485,336
X-33 Total liabilities and net assetsStart of year $1,448,252$1,485,336
Part XI · Reconciliation of net assets $1,485,336 net assets at year end
XI-1 Total revenue$303,842
XI-2 Total expenses$266,758
XI-3 Revenue less expenses$37,084
XI-4 Net assets at start of year$1,448,252
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,485,336

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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