2024-02-06T15:55:06-06:00 2022-03-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-04-01 452926542 FEI TIAN COLLEGE FEIT 8456720550 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 JOAN WANG DIR. OF FINANCIAL SVCS. & HR 8456720550 2024-02-06 1 JOAN WANG 999009999 CHRIS BELLANDO P00541714 2126972299 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JOSEPH ZHAO 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 17122847 0 X WWW.FEITIAN.EDU X 2011 NY THE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING. 8 8 58 26 0 0 2323129 9051894 6162122 7187275 41254 3069 880013 880609 9406518 17122847 5214251 6065619 0 0 1958246 1951432 0 0 3568 940188 1007316 8112685 9024367 1293833 8098480 16016426 22963034 1592130 440258 14424296 22522776 X THE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE AN OUTSTANDING POSTSECONDARY EDUCATION TO STUDENTS THAT IMPARTS KNOWLEDGE AND SKILLS FOR PROFESSIONAL SUCCESS, FOSTERS AN APPRECIATION OF CLASSICAL VIRTUES, AND PREPARES STUDENTS FOR LIFELONG LEARNING. 0 0 8603188 6065619 7187275 FEI TIAN COLLEGE'S PRIMARY PROGRAM SERVICE ACCOMPLISHMENT IS PROVIDING EDUCATION IN CLASSICAL CHINESE DANCE AND EAST-WEST MUSIC TO THE STUDENTS ENROLLED IN ITS PROGRAM. THE COLLEGE ALSO PROVIDES THE STUDENTS GENERAL EDUCATION COURSES IN THE LIBERAL ARTS AND SCIENCES. THE EXPENSES ASSOCIATED WITH THE INSTRUCTION PROVIDED INCLUDE COMPENSATION RELATING TO THE EDUCATIONAL FUNCTION OF THE COLLEGE, TEACHING MATERIALS AND SERVICES. THE COLLEGE RECEIVED APPROXIMATELY $5.1 MILLION IN DONATED PROFESSIONAL SERVICES IN THE 2021 ACADEMIC YEAR.PROVIDING FINANCIAL ASSISTANCE TO STUDENTS IS A HIGH PRIORITY OF THE COLLEGE. STUDENT ASSISTANCE IS PRIMARILY SCHOLARSHIPS, SUCH AS TUITION WAIVERS AND SCHOLARSHIP STIPENDS. MOST OF THE STUDENT BODY RECEIVED FULL SCHOLARSHIPS IN THE 2021 ACADEMIC YEAR. THE COLLEGE RECEIVED APPROXIMATLEY $2 MILLION IN DONATED USE OF FACILITIES.DURING 2021, THE COLLEGE SUPPORTED ITS MISSION OF HIGHER EDUCATION AND OF NURTURING IN ITS STUDENTS INTELLECTUAL AND MORAL VIRTUES THROUGH PROGRAM SERVICES. SUCH PROGRAM SERVICES INCLUDE SUPPORT OF STUDENT ACTIVITIES AND PROGRAMMING AND AUXILARY SERVICES, SUCH AS DORMITORIES. 8603188 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 NY X THE ORGANIZATION 8456720550 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 LEVI BROWDE BOARD MEMBER 0.00 X 0 0 0 CHING-HSI CHANG BOARD MEMBER 0.00 X 0 0 0 SHANTAO LAI BOARD MEMBER 0.00 X 0 0 0 SEN NIEH BOARD MEMBER 0.00 X 0 0 0 YINGNIAN WU BOARD MEMBER 0.00 X 0 0 0 SEN YANG BOARD MEMBER 0.00 X 0 0 0 ERPING ZHANG BOARD MEMBER 0.00 X 0 0 0 HUAYI ZHANG BOARD MEMBER 0.00 X 0 0 0 VINA LEE PRESIDENT 40.00 X 48750 0 0 JOE ZHAO SENIOR VICE PRESIDENT 40.00 X 24150 0 0 YUAN P LI VICE PRESIDENT OF ACADEMICS 40.00 X 37950 0 0 110850 0 0 0 0 0 0 0 753603 8298291 95700 9051894 TUITION 900099 6623240 6623240 ROOM AND BOARD 900099 564035 564035 7187275 3069 3069 869925 0 869925 869925 869925 MISCELLANEOUS INCOME 900099 10684 10684 10684 17122847 7187275 0 883678 6065619 6065619 101738 85705 15873 160 1686277 1420537 263083 2657 26634 22437 4155 42 136783 115227 21340 216 15034 15034 16490 7590 8900 24680 11850 12539 291 55614 40603 14876 135 776 776 485 485 314638 283174 31464 42351 35677 6607 67 STIPEND PAYMENTS 439300 439300 STUDENT ACTIVITIES 46040 46040 CLASSROOM SUPPLIES 13576 13576 EQUIPMENT AND REPAIRS 11425 4087 7338 26907 11766 15141 9024367 8603188 417611 3568 2097753 484898 4319300 12628069 296392 20918 18690 11309124 1841030 9302981 9468094 0 342365 16016426 22963034 117057 94383 753603 721470 345875 1592130 440258 X 14424296 22522776 14424296 22522776 16016426 22963034 8098480 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3000000 3000000 3000000 3000000 3000000 3000000 3000000 3000000 3000000 3000000 1.00000 0 0 1913439 1913439 5756590 465486 5291104 1754292 1754292 700499 482250 218249 1184304 893294 291010 9468094 SECURITY DEPOSIT LIABILITY 195875 REFUNDABLE ADVANCE 150000 345875 24816963 7694116 7694116 17122847 0 17122847 16718483 7694116 7694116 9024367 0 9024367 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 US SMALL BUSINESS ADMINISTRATION - PAYCHECK PROTECTION PROGRAM $753,603 0 SCHOLARSHIPS 450 5798699 VALUE OF TUITION FORGONE CREDIT AGAINST CLASS TUITION ROOM AND BOARD 140 266920 VALUE OF ROOM AND BOARD FORGONE CREDIT AGAINST ROOM AND BOARD PART I, LINE 2: MOST OF THE STUDENTS RECEIVE A FULL SCHOLARSHIP. X 1 95700 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THEY ARE REQUESTED TO REVIEW THE DOCUMENT AND RESPOND WITH ANY QUESTIONS OR COMMENTS WITHIN A SPECIFIC TIMEFRAME. AFTER ALL COMMENTS OR QUESTIONS ARE ADDRESSED, THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990 AMENDED RETURN THE FOLLOWING INFORMATION IN THIS 2021 FORM 990 FOR THE YEAR ENDED MARCH 31, 2022 HAS BEEN REVISED BASED ON THE COMPLETION OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMEMENTS: PAGE 1, LINE G PART I REVENUE, EXPENSES AND NET ASSETS LINES 8 - 22 PART IV, LINE 12A PART VIII PART IX PART X PART XI PART XII, LINES 2B AND 2C SCHEDULE D, PART VI SCHEDULE D, PART X SCHEDULE D, PARTS XI AND XII SCHEDULE E, LINE 6A SCHEDULE E, PART II DRAGON SPRINGS BUDDHIST INC 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 RELIGOUS TEMPLE NY 170(B)(A)(IV) 501(C)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 DRAGON SPRINGS BUDDHIST INC N FEI TIAN ACADEMY OF THE ARTS N