2026-02-12T16:30:39-06:00 2025-03-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-04-01 452926542 FEI TIAN COLLEGE FEIT 8456720550 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 YUN SONG CHIEF FINANCIAL OFFICER 8456720550 2026-02-09 1 1 CHRIS BELLANDO P00541714 2126972299 2024 2025-03-06 01:10:19Z JOSEPH ZHAO 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 19101910 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. 7 7 88 29 0 0 2553454 5699257 9432637 11542718 349153 843072 1055696 1016863 13390940 19101910 7796379 9019454 0 0 2559574 2178756 0 0 10785 1461336 1761723 11817289 12959933 1573651 6141977 31886956 38380199 266513 605661 31620443 37774538 X THE MISSION OF FEI TIAN COLLEGE IS TO PROVIDE STUDENTS WITH A TRANSFORMATIVE EDUCATIONAL EXPERIENCE THAT FOSTERS ARTISTIC AND ACADEMIC EXCELLENCE, AN APPRECIATION FOR THE DIVINELY-INSPIRED CLASSICAL TRADITIONS OF EAST AND WEST, AND THE KNOWLEDGE AND VIRTUES THAT WILL ALLOW THEM TO CONTRIBUTE TO A BETTER WORLD, ALL WHILE BEING ACTIVELY ENGAGED IN A VIBRANT FAITH-BASED COMMUNITY. 0 0 12170134 9019454 11542718 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 $5.3 MILLION IN DONATED PROFESSIONAL SERVICES IN THE 2024 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 2024 ACADEMIC YEAR. THE COLLEGE RECEIVED APPROXIMATLEY $2.8 MILLION IN DONATED USE OF FACILITIES.DURING 2024, 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. 12170134 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 50 0 1 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 X THE ORGANIZATION 8456720550 140 GALLEY HILL RD CUDDEBACKVILLE NY 12729 SEN NIEH CHAIR OF THE BOARD 0.00 X X 0 0 0 LEVI BROWDE TREASURER 0.00 X X 0 0 0 ERPING ZHANG SECRETARY 0.00 X X 0 0 0 HONG JIANG BOARD MEMBER 0.00 X 0 0 0 SHANTAO LAI BOARD MEMBER 0.00 X 0 0 0 GAIL RACHLIN BOARD MEMBER 0.00 X 0 0 0 JACOB WALLENBERG BOARD MEMBER 0.00 X 0 0 0 VINA LEE PRESIDENT 40.00 X 51200 0 0 JOSEPH ZHAO VICE PRESIDENT 40.00 X 28750 0 0 PETER Y LI VP OF ACADEMICS 40.00 X 38717 0 0 118667 0 0 0 0 0 0 0 362283 5336974 627000 5699257 TUITION 900099 10230001 10230001 ROOM AND BOARD 900099 1312717 1312717 11542718 843072 843072 925185 0 925185 925185 925185 MISCELLANEOUS INCOME 900099 91678 91678 91678 19101910 11542718 0 1859935 9019454 9019454 119560 95648 23434 478 1887725 1510180 369994 7551 17914 11230 6636 48 153557 96260 56884 413 34129 34129 128550 51767 76783 12000 12000 20567 10284 8226 2057 77427 70674 6753 107601 79779 27584 238 4483 4483 2750 2750 324099 291687 32412 74363 3258 71105 STIPEND PAYMENTS 612500 612500 CLASSROOM SUPPLIES 144328 144328 ACCREDIDATION & ASSESSM 103557 103557 STUDENT ACTIVITIES 33301 33301 82068 36227 45841 12959933 12170134 779014 10785 2125738 3552550 18045483 19909921 362283 129081 110033 33304 16509068 2796960 11586654 13712108 0 700000 31886956 38380199 176387 53153 90126 552508 266513 605661 X 31620443 37774538 31620443 37774538 31886956 38380199 X 6141977 12118 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 1791128 1791128 8769845 957255 7812590 3062322 3062322 819259 705213 114046 2066514 1134492 932022 13712108 SECURITY DEPOSIT LIABILITY 102875 AGENCY FUNDS PAYABLE 449633 552508 28008591 8894563 12118 8906681 19101910 0 19101910 21854496 8894563 8894563 12959933 0 12959933 PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DONATED STOCK 12,118. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 6 U.S. DEPARTMENT OF TREASURY - EMPLOYEE RETENTION TAX CREDIT $362,283 0 SCHOLARSHIPS AND FINANCIAL AID 498 8657478 VALUE OF TUITION FORGONE CREDIT AGAINST CLASS TUITION ROOM AND BOARD 92 361976 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 627000 FAIR MARKET VALUE 0 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, PART XI, LINE 9: GAIN ON DONATED STOCK 12,118. 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