Yinghua Academy is a charter public school licensed by the State of Minnesota. A charter school is an independent public school governed by a Board of Directors. It adheres to the same Minnesota Department of Education standards (at minimum) as traditional public schools.
The Yinghua Academy Board consists of up to 13 members who are elected to three-year terms by the parents and staff of the school. See Board member roster and professional summaries here to learn more about the current board members. The primary responsibilities of the Board are:
- to develop the vision and mission of the school
- to select, support and evaluate a chief executive
- to ensure effective planning
- to set policy that will ensure the school’s ongoing viability, and
- to oversee the monthly and long-term financial management of the school.
The School Administration consists of the Executive Director and the Academic Director. See School Administrators here. The primary responsibility of the Executive Director is to lead and direct the implementation of the mission and policy across the school. The Executive Director reports directly to the Board. All other school employees report to the Executive Director.
Friends of Education is the authorizer organization of Yinghua Academy. Charter schools must have an authorizer. Charter school authorizers do not manage or operate the schools, but are responsible for monitoring the Board’s oversight of the school. Friends can be contacted at:
Friends of Education
200 East Lake Street
Wayzata, MN 55391
The financial status of Yinghua Academy is strong. Yinghua has received the State of Minnesota School Finance Award every fiscal year in which it was eligible (2008, 2009, 2010, 2011, 2012, 2013, and 2014). It received a federal financial audit without qualifications in fiscal years 2010, 2011, 2012, 2013, and 2014. Yinghua carries a fund balance of around 20%, which is our authorizer’s target goal for its schools.
All charter schools in Minnesota are required to submit annual reports to the Minnesota Department of Education in the fall following the close of each school year. The current Annual Report is listed first:
2015 Annual Report Letter from Karen Lu and Susan Berg
Yinghua Annual Report 2013-14 (dated 10/1/14)
Revenue and Expenditure Budget
The Revenue and Expenditure Budget Form is required by the State of Minnesota Department of Education for Independent School District #4140 (Yinghua Academy). The current report is listed first:
The Board of Yinghua Academy engages the services of Kern DeWenter Viere (KDV) to conduct an annual audit of our finances. All charter schools in Minnesota are required to undergo an annual financial audit by an outside auditor. KDV does the audits for many charter schools. There are two parts:
Fiscal Year 2014
Fiscal Year 2013
Fiscal Year 2012
Fiscal Year 2011
Fiscal Year 2010
990 Forms: Public Disclosure Copies