USA Tai Chi Academy

Nonprofit profile at a glance

EIN
453162740
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Sugar Land, TX, USA
Phone
8325672509
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$4,260
Expenses
$8,822
Assets
$17,917

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

Leadership & pay

7 people listed

Executive titles in this filing

  • BONNIE LEUNG (PRESIDENT)

People named in this filing

  • BONNIE LEUNG (PRESIDENT)
  • JULIE WONG (VICE PRESIDE)
  • ANGIE WANG (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

We comply with the requirement by placing our annual racially non- discriminatory policy on houston chronicle, a major local newspaper. USA tai chi academy dba USA health qigong and tai chi association admits students of any race, color, national origin and ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to students at the school. It does not discriminate on the basis or race, national origins and ethnic origin in administration of its educational policies, admission policies, scholarship loan programs, athletic and other school administered programs.

What it reported doing in 2024

Linr 29 - community services/demonstration/performances 1/13/24 - 2/17/24 health qigong seminar "ba duan jin" taught by professor cao yun on saturday mornings internal martial arts seminar "xing yi quan" taught by professor cao yun to all instructors & assistants on thursday evenings 2/10/24 lunar new year celebration performance at robinson-westchase neighborhood library 2/16/24 year of dragon celebration performance at brazos tower senior living center 2/18/24 lunar new year celebration performance at blue siytangco taiji kungfu academy 2/24/24 lunar new year celebration for all students 3/22-24 - 3/24/24 world star chinese martial arts competition, won 21 medals 6/1/24 new class opened "tai chi sword" 7/1/24 new health qigong class "da wu" 9/14/24 world health qigong day participation, an international events 9/25/24 - 9/30/24 seminar and training "6th european health qigong games in vienna" for 4 chief instructors 10/1/24 demonstration of qigong and tai chi in health fair held by west lake corporation 10/24/24 seminar of "24 tai chi form-intensive training by sifu matthew tay 10/26/24 participation in "USA shaolin open & traditional kung fu team trials 12/14/24 martial arts performance and sang for patients and caregivers at optimum personal care sugar land

Operating model

Revenue model
Membership-supported. 64% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -107.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 54.5% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 38th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $9K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.