Nonprofit · EIN 31-1587377
SHUANG WEN ACADEMY NETWORK
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,857,194 | $1,800,821 | $56,373 | $2,172,882 | $1,167,048 | $1,005,834 |
| December 31, 2023 | 990 | $1,678,957 | $1,539,161 | $139,796 | $2,434,244 | $1,484,783 | $949,461 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,180
- of which government grants
- $38,642
- Program service revenue
- $1,750,282
- Investment income
- $23,886
- Net income from fundraising events
- $22,055
- Other revenue
- $25,846
Expenses
- Grants and similar amounts paid
- $200
- Compensation of officers, directors and key employees
- $109,823
- Other salaries and wages
- $985,647
- Salaries, compensation and benefits (total)
- $1,195,864
- Professional fundraising fees
- $0
- Accounting fees
- $13,850
- Occupancy
- $365,667
- Depreciation
- $9,834
- Program services (functional)
- $1,336,907
- Management and general (functional)
- $447,834
- Fundraising (functional)
- $16,080
Balance sheet and other
- Total assets, start of year
- $2,434,244
- Total assets, end of year
- $2,172,882
- Total liabilities, end of year
- $1,167,048
- Net assets, end of year
- $1,005,834
- Land, buildings and equipment
- $137,671
- Publicly traded securities
- $83,548
- Net assets without donor restrictions
- $963,534
- Net assets with donor restrictions
- $42,300
- Gross receipts
- $1,857,194
- Employees
- 65
- Volunteers
- 2
- Year formed
- 1996
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FU MEI CHEUNG | EXECUTIVE DIRECTOR Officer | 55 | $109,823 |
| NANCY ENG | CHAIR Trustee or director, Officer | 7 | $0 |
| ANDY LUN | VICE CHAIR Trustee or director, Officer | 7 | $0 |
| TONY WONG | TREASURER Trustee or director, Officer | 7 | $0 |
| VINCENT CHOI | SECRETARY Trustee or director, Officer | 7 | $0 |
| VERONICA TSANG | BOARD MEMBER Trustee or director | 7 | $0 |
| SHERRY HUANG | BOARD MEMBER Trustee or director | 7 | $0 |
| DAVID FUNG | BOARD MEMBER Trustee or director | 7 | $0 |
| QUENTINE HUIE | BOARD MEMBER Trustee or director | 7 | $0 |
| MATTHEW ULMANN | BOARD MEMBER Trustee or director | 7 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FU MEI CHEUNG | EXECUTIVE DIRECTOR Officer | 55 | $105,550 |
| NANCY ENG | CHAIR Trustee or director, Officer | 7 | $0 |
| ANDY LUN | VICE CHAIR Trustee or director, Officer | 7 | $0 |
| TONY WONG | TREASURER Trustee or director, Officer | 7 | $0 |
| VINCENT CHOI | SECRETARY Trustee or director, Officer | 7 | $0 |
| VERONICA TSANG | BOARD MEMBER Trustee or director | 7 | $0 |
| SHERRY HUANG | BOARD MEMBER Trustee or director | 7 | $0 |
| DAVID FUNG | BOARD MEMBER Trustee or director | 7 | $0 |
| QUENTINE HUIE | BOARD MEMBER Trustee or director | 7 | $0 |
Address and contacts
- Address (IRS master file)
- 90 BOWERY 2ND FLOOR, NEW YORK, NY 10013-4727
- Principal officer (990 for 2024)
- TONY WONG, 90 BOWERY 2ND FLOOR, NEW YORK, NY 10013
- Signed the 990
- TONY WONG, TREASURER
- Phone
- (646) 998-5786
- Website
- WWW.SWAN-NYC.ORG
- Return prepared by
- Yu Yao Xu CPA PLLC
Mission
TO DEVELOP PROFICIENCY IN MANDARIN CHINESE LANGUAGE AND AWARENESS OF CHINESE CULTURE IN INDIVIDUALS, PREPARING THEM AS GLOBAL CITIZENS IN AN INCREASINGLY COMPETITIVE AND DEMANDING INTERNATIONAL ENVIRONMENT.
Program accomplishments
- WHILE PROVIDING EARLY LEARNING OPPORTUNITIES THAT TAKE FULL ADVANTAGE OF BOTH TRADITIONAL AND INNOVATIVE TEACHING TECHNIQUES, ADVANCED TECHNOLOGIES AND STRATEGIC PARTNERSHIPS, SWAN SEEKS TO DEVELOP THESE STUDENTS FROM VARIED SOCIAL, ECONOMIC AND ETHNIC BACKGROUNDS, AND TO SHARE ITS BEST PRACTICES FOR REPLICATION PURPOSES. FURTHERMORE, SWAN PROVIDES ELEMENTARY AND MIDDLE SCHOOL CHINESE LEARNING IN THE SUMMER, AN ENRICHING CULTURAL AND ACADEMIC LEARNING EXPERIENCE THAT GIVES CHILDREN BEYOND ACCESS TO AFFORDABLE CHINESE LANGUAGE IMMERSION, CULTURE, PHYSICAL ACTIVITIES AND FUN.Expenses $1,336,907 · grants $200 · revenue $1,750,282
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1587377
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $2,172,882
- Income (IRS master file)
- $1,857,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,857,194 | $1,800,821 | $2,172,882 | XML |
| 990 | December 2023 | $1,678,957 | $1,539,161 | $2,434,244 | XML |
| 990 | December 2022 | $1,808,530 | $1,096,448 | $1,522,970 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 31-1587377).
Questions about SHUANG WEN ACADEMY NETWORK
- What is the EIN of SHUANG WEN ACADEMY NETWORK?
- The employer identification number (EIN) of SHUANG WEN ACADEMY NETWORK is 31-1587377.
- Is SHUANG WEN ACADEMY NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to SHUANG WEN ACADEMY NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHUANG WEN ACADEMY NETWORK 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 SHUANG WEN ACADEMY NETWORK 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 SHUANG WEN ACADEMY NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHUANG WEN ACADEMY NETWORK?
- The 990 for the year ended December 31, 2024 names TONY WONG.
- Who are the officers and directors of SHUANG WEN ACADEMY NETWORK?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $109,823 (FU MEI CHEUNG, EXECUTIVE DIRECTOR).
- How much revenue does SHUANG WEN ACADEMY NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,857,194, expenses of $1,800,821 and total assets of $2,172,882 at year end.
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