Fei Tian College

Nonprofit profile at a glance

EIN
452926542
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Cuddebackville, NY, USA
Phone
8456720550
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$19,101,910
Expenses
$12,959,933
Assets
$38,380,199
Liabilities
$605,661

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • VINA LEE (PRESIDENT)
  • JOSEPH ZHAO (VICE PRESIDENT)

Highest reported compensation

  • VINA LEE (PRESIDENT): $51,200 total reported compensation
  • PETER Y LI (VP OF ACADEMICS): $38,717 total reported compensation
  • JOSEPH ZHAO (VICE PRESIDENT): $28,750 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 60% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 94
  • Accountability: 86
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.2%; rating input score 64
  • Program expense ratio: 93.9%; rating input score 94
  • Fundraising efficiency: $528.44 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.2%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 2.96; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 10.8% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 17.9% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 64.2% of revenue deployed · 93.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.2M in reported program spending
  • Leadership: top reported pay $51K · 10 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.