Pacific East Quality Education
Nonprofit profile at a glance
- EIN
- 043678629
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-T 2020
- Location
- Mountain View, CA, USA
- Phone
- 6509030986
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $9,522,840
- Expenses
- $9,848,291
- Assets
- $24,275,964
- Liabilities
- $22,383,697
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KEVIN REIMER (HEAD OF SCHOOL CO-CEO)
- PING QIAN (ASSISTANT HEAD OF SCHOOL CO-CEO)
Highest reported compensation
- KEVIN REIMER (HEAD OF SCHOOL CO-CEO): $286,210 total reported compensation
- GEORGE TSATSOS (DIR OF FINANCE & OPCFO & SECRETARY): $212,948 total reported compensation
- PING QIAN (ASSISTANT HEAD OF SCHOOL CO-CEO): $201,519 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ycis silicon valley is a welcoming school community where all children from preschool through grade 8 are encouraged to find and follow their gifts as they learn in both chinese and english. Our goal: to help our students become compassionate, bilingual world learners and leaders.
What it reported doing in 2024
Our bilingual preschool program takes place in a nurturing environment that enables children to exercise initiative, make decisions and construct a hands-on understanding of the world through two languages, english and mandarin. An integrated curriculum based on childrens interests comprises learning activities covering a range of areas rather than isolated subjects to further childrens learning and development.
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 88
- Accountability: 86
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: $3.25 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 63rd 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.4%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.46; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 22.9% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 81.2% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $8M in reported program spending
- Leadership: top reported pay $286K · 13 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $121K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 21/100.