Empowers students with interactive online math, literacy, and bilingual classes, plus teacher training.
For fiscal year 2024 it reported $594K in revenue, $554K in expenses, and $90K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$594K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
98%
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate▼ -41% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -69% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$594K
FY2024▲ +159%
$594K$297K$0
FY2023FY2024
Expenses
$554K
FY2024▲ +210%
$554K$277K$0
FY2023FY2024
Total assets
$90K
FY2024▲ +79%
$90K$45K$0
FY2023FY2024
Total liabilities
$0
FY2024
$1$0$0
FY2023FY2024
Total revenue
$594K
Pt VIII · Ln 12
Total expenses
$554K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III
Where the work happens
1 program service account for $542K of program spending, described in the organization's own filed words · FY2024.
01
In 2024, donations and program revenue enabled us to expand our online offerings and reach more students. We successfully delivered interactive small-group and one-on-one classes in mathematics, english literacy, and our chinese-english bilingual program.
Lin Chen’s $47K as President
is at the 38th 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 · 3 named individuals · Part VII
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.
Individual Lin Chen · Reported title PRESIDENT · Highest reported compensation $47K · Total expenses $554K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $79K · Total expenses $554K
14%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
98%
—
—
Overhead ratio
2%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
159%
—
—
Legal fee ratio
0%
—
—
Accounting 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.
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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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