Nonprofit · EIN 20-1501276
FENGHUA ACADEMY
Tax-exempt · LAKE ZURICH, IL 60047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $143,885 | $136,484 | $7,401 | $210,270 | $0 | $210,270 |
| December 31, 2023 | 990-EZ | $169,078 | $170,801 | -$1,723 | $188,063 | $0 | $188,063 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,885
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $62,402
- Occupancy
- $28,357
- Other expenses
- $45,725
- Program services (functional)
- $108,719
Balance sheet and other
- Total assets, start of year
- $188,063
- Total assets, end of year
- $210,270
- Total liabilities, end of year
- $0
- Net assets, end of year
- $210,270
- Cash, savings and investments
- $210,270
- Gross receipts
- $143,885
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUANGXUE WEI | TREASURER | 8 | $0 |
| RONALD LI | PRINCIPAL | 8 | $0 |
| JIALIN YANG | OFFICER | 8 | $0 |
| JIAN WANG | OFFICIER | 8 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUANGXUE WEI | TREASURER | 8 | $0 |
| RONALD LI | PRINCIPAL | 8 | $0 |
| JIALIN YANG | OFFICER | 8 | $0 |
| JIAN WANG | OFFICIER | 8 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 283, LAKE ZURICH, IL 60047-0283
- In care of
- % RONALD LI
- Signed the 990-EZ
- RONALD LI, PRINCIPAL
- Phone
- (847) 751-8869
- Return prepared by
- B & R Tax Accounting Services
Mission
EDUCATION FOR KIDS AND ADULTS TO LEARN C
Program accomplishments
- TEACHER COMPENSATIONExpenses $62,402
- OPERATION EXPENSESExpenses $17,960
- RENTAL AND INSURANCEExpenses $28,357
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-1501276
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $210,270
- Income (IRS master file)
- $143,885
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $143,885 | $136,484 | $210,270 | IRS |
| 990-EZ | December 2023 | $169,078 | $170,801 | $188,063 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1501276).
Questions about FENGHUA ACADEMY
- What is the EIN of FENGHUA ACADEMY?
- The employer identification number (EIN) of FENGHUA ACADEMY is 20-1501276.
- Is FENGHUA ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FENGHUA ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FENGHUA ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FENGHUA ACADEMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FENGHUA ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of FENGHUA ACADEMY?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FENGHUA ACADEMY have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $143,885, expenses of $136,484 and total assets of $210,270 at year end.
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