2024-11-21T14:49:56-08:00 2023-12-31 263420447 SIMON OU CPA PC 139 CENTRE STREET PH106 NEW YORK NY 10013 990 2023-01-01 133933851 RED APPLE CHILD DEVELOPMENT CENTER REDA 2125772710 25 MARKET STREET NEW YORK NY 10002 ZIMING SHEN TRUSTEE 2125772710 2024-07-16 true true SIMON OU P00773760 2126253118 2024-11-21 2023 2024-10-15 13:58:12Z ZIMING SHEN 25 MARKET STREET NEW YORK NY 10002 728818 false X N/A X 1997 NY SEE SCHEDULE O 4 2 0 0 -189934 0 0 690 0 15761 16549 -154234 -189934 -137783 -173385 0 0 0 0 0 0 0 0 0 -137783 -173385 3817999 3606279 4007214 3867877 -189215 -261598 X false true 0 0 0 THE ORGANIZATION CEASED OPERATIONS OF ITS DAY CARE CENTERS IN MARCH 2015. THE DAY CARE CENTERS WERE OPERATED BY A RELATED PARTY FOR-PROFIT CORPORATE AFFILIATE. STARTING FROM 2020, THE DAY CARE CENTERS WERE OPERATED BY METROKIDS CRADLE (SOUTH END) & METROKIDS CRADLE (QUEENS CENTER) INC NON-RELATED FOR-PROFIT ENTITIES. THE ORGANIZATION IS THE LANDLORD AND OPERATES FACILITIES FOR TWO DAY CARE CENTER LOCATIONS. THEREFORE, THE ORGANIZATION HAS UNDERTAKEN THE NECESSARY STEPS AND PROCEDURES TO CHANGE ITS BY-LAWS. FROM JANUARY 1, 2022, 25 MARKET ST, NYCS TENANT MOVED OUT AND SINCE THEN, NO RENTS WERE COLLECTED. THE SPACE WAS EITHER ON MARKET FOR RENT & FOR SALE FOR REGO PARK, QUEENS NY LOCATION, WHEN BABOVE WORLD INSTITUE,A 501C(3)NOT FOR PROFIT ORGANIZATION BECAME THE TENANT FROM FEBUARY 2023, THEIR RENTS WERE $112,269.00 PER YEAR AND SUCH AMOUNT WERE OUTSTANDING AS OF 12/31/2023.. THERE IS ANOTHER TENANT, BABOVE LLC, RENTAL INCOME FROM THIS COMPANY WAS $525,000 0 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false true false true true false false false false false false true true true false false true 0 0 0 true true false false false false false false false false false false false X 4 2 true false false false false false false true true false false true true true false true true false false false NY X X RED APPLE CHILD DEVELOPMENT CENTER 2125772710 25 MARKET STREET NEW YORK NY 10002 X ZIMING SHEN TRUSTEE 40.00 X X 0 0 0 FEI YUAN TREASURER 40.00 X X 0 0 0 YAN ZHENG DIRECTOR 40.00 X X 0 0 0 XIAO PING FAN FORMER TRUSTEE 0.00 X 0 0 0 true false true 16549 0 16549 712269 902203 -189934 -189934 -189934 -173385 0 -189934 16549 0 0 0 0 0 0 0 0 171808 67440 580095 692364 0 67087 65792 7459607 5154881 2517468 2304726 480716 475132 825 825 3817999 3606279 32656 35136 79351 79351 3895207 3753390 4007214 3867877 X -189215 -261598 -189215 -261598 3817999 3606279 -173385 X false false false X X 1 PRESCHOOL OF AMERICA INC 271337787 2 false 0 0 1 0 0 0 0 0 0 true true false false false true false false true true true false false false false true 0 200000 200000 6982620 4939714 2042906 101662 39844 61818 46514 46514 0 128811 128809 2 2304726 false false false false false false false false false XIAO PING FAN 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WINSTON LEE FORMER TRUSTEE PAY OPERATION COST X 273704 347526 false true false WINSTON LEE FORMER TRUSTEE INTEREST X 13685 16549 false true false PRESCHOOL OF AMERICA AFFILIATE PAY OPERATION COST X 57338 79351 false true false 443426 PRESCHOOL OF AMERICA USA AFFILIATE 0 CLASSROOM RENTS BEFORE 2020 false SCHEDULE L PART II AT YEAR-END, THE FORMER TRUSTEE, XIAOPING FAN AND TRUSTEE ZIMING SHEN OWE THE ORGANIZATION THE PRINCIPAL AMOUNT OF $347,526 AND THE INTEREST INCLUDED IN THE PRINCIPAL AMOUNT OF THE DEBT OWED AT YEAR-END IS $175,973. SCHEDULE L PART IV XIAOPING FAN, A FORMER TRUSTEE, IS NO LONGER THE SOLE SHAREHOLDER OF PRESCHOOL OF AMERICA, USA INC., (HEREINAFTER PRESCHOOL), A FOR-PROFIT EDUCATIONAL ENTITY THAT FILES FEDERAL TAX FORM 1120S. BEFORE 2020, PRESCHOOL RENTED CLASSROOM SPACE FROM THE ORGANIZATION UNDER A MONTH TO MONTH LEASE AGREEMENT. THE ANNUAL RENT ACCRUED AND PAID BY PRESCHOOL TO THE ORGANIZATION FOR THE CALENDAR YEAR 2020 WERE $0, SINCE PRESCHOOL SOLD THE BUSINESS TO ANOTHER DAY CARE CENTER OPERATORS, METROKIDS CRADLE (SOUTH END) INC & METROKIDS CRADLE (QUEENS CENTER) INC. ON JANUARY 1, 2015, THE SHARES OF STOCK IN PRESCHOOL OF AMERICA, USA INC. WERE TRANSFERRED TO MS. FANS SONS: WINSTON LEE (FORMER TRUSTEE) 34%, EDWIN SHEN (FORMER TRUSTEE) 33%, AND EDWARD SHEN (FORMER TRUSTEE) 33%. THE ORGANIZATION OWES PRESCHOOL OF AMERICA USA INC. $79,351, AS A NON-INTEREST BEARING DEMAND OBLIGATION. Pt VI, Line 18 FORM 990 PART I, LINE 1-ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES THE ORGANIZATION CEASED DOING BUSINESS AS THE OPERATOR OF DAY CARE FACILITIES. THE DAY CARE CENTERS WERE OPERATED BY A RELATED PARTY FOR-PROFIT AFFILIATED CORPORATION. STARTING FROM 2020, THE DAY CARE CENTERS ARE OPERATED BY METROKIDS CRADLE (SOUTH END) INC & METROKIDS CRADLE (QUEENS CENTER) INC, NON-RELATED BUSINESS ENTITIES. THE ORGANIZATION MANAGES AND OPERATES FACILITIES FOR TWO DAY CARE LOCATIONS, AS THE LANDLORD. THEREFORE, THE ORGANIZATION HAS UNDERTAKEN THE STEPS TO CHANGE ITS CORPORATE BY-LAWS. Pt III, Line 3 THE ORGANIZATION CEASED DOING BUSINESS AS THE OPERATOR OF DAY CARE FACILITIES. THE DAY CARE CENTERS WERE OPERATED BY A RELATED PARTY FOR-PROFIT AFFILIATED CORPORATION. STARTING FROM 2020, THE DAY CARE CENTERS ARE OPERATED BY METROKIDS CRADLE (SOUTH END) INC & METROKIDS CRADLE (QUEENS CENTER) INC, NON-RELATED BUSINESS ENTITIES. THE ORGANIZATION MANAGES AND OPERATES FACILITIES FOR TWO DAY CARE LOCATIONS, AS THE LANDLORD. THEREFORE, THE ORGANIZATION HAS UNDERTAKEN THE STEPS TO CHANGE ITS CORPORATE BY-LAWS. Pt VI, Line 2 ZIMING SHEN, IS A CURRENT OFFICER, TRUSTEE AND HUSBAND OF XIAOPING FAN, A FORMER TRUSTEE. Pt VI, Line 11b ON ANNUAL BASIS AT A DESIGNATED MEETING, THE BOARD OF DIRECTORS CONVENE AND APPROVE FEDERAL FORM 990 BEFORE IT IS FILED, AFTER IT IS REVIEWED WITH THE OUTSIDE INDEPENDENT AUDITOR/ACCOUNTANTS. Pt VI, Line 19 AFTER APPROVAL OF THE FINANCIAL STATEMENTS BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS, THE ORGANIZATION MAKES AVAILABLE ALL GOVERNANCE DOCUMENTS, POLICY STATEMENTS, FINANCIAL STATEMENTS AND TAX RETURNS TO THE PUBLIC, UPON WRITTEN REQUEST. THE ORGANIZATION ALSO TIMELY FILES ITS ANNUAL CHAR500 REPORT WITH THE NYS ATTORNEY GENERAL AND ALL OF ITS FILINGS ARE MADE AVAILABLE THROUGH THE NEW YORK STATE OFFICE ATTORNEY GENERAL CHARITIES WEBSITE. PRESCHOOL OF AMERICA (USA) INC 345 WEST 42ND STREET NEW YORK NY 10036 271337787 EDUCATION SERVICE NY CEODIRECTORS S 1.00000 true true false false false true false false false false true false false false false false false false false false PRESCHOOL OF AMERICA (USA) INC a,j 0 ACCRUAL METHOD PRESCHOOL OF AMERICA (USA) INC e 79351 ACCRUAL METHOD