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Learning And Achievement Foundation Incorporated

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$108k (2024)

Expenses
$435k (2024)

Total Assets
$214k (2024)

Total Liabilities
$1.92M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,350
Expenses
$434,565
Net Income
-$326,215
Net Assets
-$1,708,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $108,350
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,800
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $213,634
Total Liabilities $1,922,256
Net Assets -$1,708,622
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $900 $0 $0
Sharon Yang (Secretary Director) $900 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$125,238
Expenses
$456,329
Net Income
-$331,091
Net Assets
-$1,382,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,238
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $128,102
28.1%
Assets/Debt
Total Assets $235,769
Total Liabilities $1,618,175
Net Assets -$1,382,406
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $0 $0 $0
Sharon Yang (Secretary Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,937
Expenses
$441,171
Net Income
-$269,234
Net Assets
-$1,051,316
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,000
17.4%
Program Services $141,937
82.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,600
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $292,526
Total Liabilities $1,343,842
Net Assets -$1,051,316
Other
Operated a donor-advised fund
Operated a school
Reported conflict of interest transactions
Reported a significant diversion of assets
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $7,300 $0 $0
Sharon Yang (Secretary Director) $7,300 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,540
Expenses
$504,607
Net Income
-$359,067
Net Assets
-$782,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $145,540
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,000
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $106,260
21.1%
Assets/Debt
Total Assets $228,748
Total Liabilities $1,010,831
Net Assets -$782,083
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $0 $0 $0
Sharon Yang (Secretary Director) $0 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$381,924
Expenses
$761,253
Net Income
-$379,329
Net Assets
-$423,017
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,200
24.7%
Program Services $287,724
75.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,000
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $276,850
36.4%
Assets/Debt
Total Assets $294,240
Total Liabilities $717,257
Net Assets -$423,017
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $35,000 $0 $0
Sharon Yang (Secretary Director) $19,000 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$696,043
Expenses
$1,090,284
Net Income
-$394,241
Net Assets
-$43,686
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $696,043
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $113,000
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $313,754
Total Liabilities $357,440
Net Assets -$43,686
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $96,000 $0 $0
Sharon Yang (Secretary Director) $17,000 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Chi Ho Chong (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,169,403
Expenses
$1,117,412
Net Income
$51,991
Net Assets
$350,555
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,159,921
99.2%
Investment Income $9,482
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,500
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $573,529
Total Liabilities $222,974
Net Assets $350,555
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $96,000 $0 $0
Sharon Yang (Secretary Director) $20,500 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Chi Ho Chong (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,285,459
Expenses
$1,238,579
Net Income
$46,880
Net Assets
$298,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,285,459
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $132,000
10.7%
Professional Fundraising Fees $0
Other Salaries and Wages $485,512
39.2%
Assets/Debt
Total Assets $737,105
Total Liabilities $438,541
Net Assets $298,564
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $94,500 $0 $0
Sharon Yang (Secretary Director) $37,500 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Chi Ho Chong (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,540,419
Expenses
$1,493,673
Net Income
$46,746
Net Assets
$251,684
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,540,413
100.0%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $164,000
11.0%
Professional Fundraising Fees $0
Other Salaries and Wages $541,739
36.3%
Assets/Debt
Total Assets $702,350
Total Liabilities $450,666
Net Assets $251,684
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $102,500 $0 $0
Sharon Yang (Secretary Director) $61,500 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Chi Ho Chong (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0
Fei Wen Chen (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,839,027
Expenses
$1,733,917
Net Income
$105,110
Net Assets
$204,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,822,228
99.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,799
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $735,519
42.4%
Assets/Debt
Total Assets $730,185
Total Liabilities $525,246
Net Assets $204,939

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,734,517
Expenses
$1,653,658
Net Income
$80,859
Net Assets
$99,829
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,734,517
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $129,000
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $487,620
29.5%
Assets/Debt
Total Assets $804,304
Total Liabilities $704,475
Net Assets $99,829
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
George Wang (President Director) $79,000 $0 $0
Sharon Yang (Secretary Director) $50,000 $0 $0
Alice Tang (Director) $0 $0 $0
Shi Jun Zheng (Director) $0 $0 $0
Chi Ho Chong (Director) $0 $0 $0
King Eei Chen (Director) $0 $0 $0
Xiu Ting Wuu (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,093,256
Expenses
$1,918,648
Net Income
$174,608
Net Assets
$18,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,093,256
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,500
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $405,367
21.1%
Assets/Debt
Total Assets $1,001,861
Total Liabilities $982,891
Net Assets $18,970

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$840,450
Expenses
$776,209
Net Income
$64,241
Net Assets
$631,628
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $840,445
100.0%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $139,443
18.0%
Assets/Debt
Total Assets $837,340
Total Liabilities $205,712
Net Assets $631,628

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$571,723
Expenses
$521,086
Net Income
$50,637
Net Assets
$567,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $571,723
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,000
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,500
0.9%
Assets/Debt
Total Assets $776,398
Total Liabilities $209,011
Net Assets $567,387

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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