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Nonprofiteer
← 22BEACON FACILITIES CORPORATION

Form 990 for tax year 2022

Filed by 22BEACON FACILITIES CORPORATION.

Totals

Total revenue
$4,994,945
Total expenses
$4,571,047
Contributions and grants received
$0
Grants paid
$1,202,008
Program service revenue
$3,907,988
Investment income
$1,086,957
Other revenue
$0
Total assets, end of year
$42,312,151
Total liabilities, end of year
$39,081,258
Net assets or fund balances, end of year
$3,230,893
Program services expenses (Part IX)
$4,474,964
Management and general expenses
$96,083
Fundraising expenses
$0
Program service expenses (Part III)
$4,474,964

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $3,701,688 · related or exempt $3,701,688

  • 2b · Program service revenue: DEVELOPER'S FEES

    total $206,300 · related or exempt $206,300

  • 3 · Investment income

    total $8 · excluded $8

  • 7a · Gross sales of assets other than inventory

    other assets $10,208,395

  • 7b · Less cost or other basis and sales expenses

    other assets $9,121,446

  • 7c · Gain or loss

    other assets $1,086,949

  • 7d · Net gain or loss

    total $1,086,949 · excluded $1,086,949

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,202,008 · program services $1,202,008

  • 11b · Fees: legal

    total $173,689 · program services $112,898 · management and general $60,791

  • 13 · Office expenses

    total $96 · program services $1 · management and general $95

  • 16 · Occupancy

    total $124,740 · program services $124,740

  • 20 · Interest

    total $1,702,191 · program services $1,702,191

  • 22 · Depreciation, depletion and amortization

    total $1,171,006 · program services $1,159,296 · management and general $11,710

  • 23 · Insurance

    total $93,398 · program services $70,048 · management and general $23,350

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $81,692 · program services $81,692

  • 24b · Other expenses: LOAN FEES

    total $11,249 · program services $11,249

  • 24c · Other expenses: PREDEVELOPMENT FEES

    total $10,293 · program services $10,293

  • 24d · Other expenses: REPRESENTATION FEES

    total $685 · program services $548 · management and general $137

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,808,570 · end of year $2,649,993

  • 4 · Accounts receivable

    beginning of year $112,703 · end of year $60,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,736 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $41,632,671

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,199,217

  • 10c · Land, buildings and equipment, net

    beginning of year $40,728,218 · end of year $38,433,454

  • 15 · Other assets

    beginning of year $1,257,399 · end of year $1,168,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,026 · end of year $1,051,228

  • 19 · Deferred revenue

    beginning of year $0 · end of year $147,592

  • 23 · Secured mortgages and notes payable

    beginning of year $38,431,747 · end of year $35,727,716

  • 25 · Other liabilities

    beginning of year $2,069,858 · end of year $2,154,722

  • 27 · Net assets without donor restrictions

    beginning of year $2,806,995 · end of year $3,230,893

Mission and programs · 2022

Mission

PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPORATION AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS. THE ORGANIZATION WILL SUPPORT CSDC IN ITS MISSION TO PROVIDE FINANCING, ADMINISTRATIVE AND TECHNICAL SERVICES TO SUPPORT CHARTER SCHOOLS.

Activities or mission (Part I)

TO PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPRATION AND AFFILIATED ORGANIZATIONS.

  • PROVIDE SUPPORT SERVICES TO CHARTER SCHOOLS DEVELOPMENT CORPORATION AND ITS AFFILIATED OR CONTROLLED ORGANIZATIONS.

    Expenses $4,474,964 · Grants $1,202,008 · Revenue $3,907,988

As filed on the 2022 return.

Listed in Part VII

  • Michael Curran

    INCOMING CHAIR

    Total calculated
    $28,000
    From this org
    $0
    From related orgs
    $28,000
    Other
    $0
    Hours/week
    2 + 4 related

  • Tom Nida

    OUTGOING CHAIR

    Total calculated
    $11,000
    From this org
    $0
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    2 + 4 related

  • Ember Reichgott Junge

    VICE CHAIR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    2 + 4 related

  • Jim Goenner

    DIRECTOR & TREASURER

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    2 + 4 related

  • Lanette Dailey-Reese

    DIRECTOR & SECRETARY

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    2 + 2 related

  • Jay Hromatka

    DIRECTOR

    Total calculated
    $12,500
    From this org
    $0
    From related orgs
    $12,500
    Other
    $0
    Hours/week
    2 + 4 related

  • Leo Valdez

    DIRECTOR

    Total calculated
    $13,500
    From this org
    $0
    From related orgs
    $13,500
    Other
    $0
    Hours/week
    2 + 2 related

  • Christina Ryan Digiulian

    DIRECTOR

    Total calculated
    $18,500
    From this org
    $0
    From related orgs
    $18,500
    Other
    $0
    Hours/week
    2 + 2 related

  • Alvin Dubin

    PRESIDENT/CEO (OUTGOING)

    Total calculated
    $365,898
    From this org
    $0
    From related orgs
    $345,308
    Other
    $20,590
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $55,833 related
    Bonus
    $0 + $279,167 related
    Other
    $0 + $10,308 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $90 related
    Filer's total
    $0 + $365,898 related

  • Laura Fiemann

    SENIOR VICE PRESIDENT

    Total calculated
    $357,328
    From this org
    $0
    From related orgs
    $315,017
    Other
    $42,311
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,500 related
    Bonus
    $0 + $84,517 related
    Other
    $0
    Deferred
    $0 + $12,485 related
    Nontaxable benefits
    $0 + $29,826 related
    Filer's total
    $0 + $357,328 related

  • Annette High

    FINANCIAL CONTROLLER

    Total calculated
    $238,348
    From this org
    $0
    From related orgs
    $190,082
    Other
    $48,266
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,500 related
    Bonus
    $0 + $48,582 related
    Other
    $0
    Deferred
    $0 + $17,999 related
    Nontaxable benefits
    $0 + $30,267 related
    Filer's total
    $0 + $238,348 related

  • Michelle Prosperi

    CHIEF OPERATING OFFICER

    Total calculated
    $393,995
    From this org
    $0
    From related orgs
    $337,908
    Other
    $56,087
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,250 related
    Bonus
    $0 + $90,658 related
    Other
    $0
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $35,587 related
    Filer's total
    $0 + $393,995 related

  • Rebecca Secrest

    SENIOR VICE PRESIDENT

    Total calculated
    $246,601
    From this org
    $0
    From related orgs
    $219,350
    Other
    $27,251
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,500 related
    Bonus
    $0 + $58,850 related
    Other
    $0
    Deferred
    $0 + $15,649 related
    Nontaxable benefits
    $0 + $11,602 related
    Filer's total
    $0 + $246,601 related

  • Mark Zeizel

    VICE PRESIDENT

    Total calculated
    $251,045
    From this org
    $0
    From related orgs
    $205,587
    Other
    $45,458
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,725 related
    Bonus
    $0 + $53,862 related
    Other
    $0
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $24,958 related
    Filer's total
    $0 + $251,045 related

  • Alan Washington

    PRESIDENT/CEO (INCOMING)

    Total calculated
    $141,365
    From this org
    $0
    From related orgs
    $128,083
    Other
    $13,282
    Hours/week
    1 + 41 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT/CEO, OTHER MANAGEMENT PERSONNEL AND KEY EMPLOYEES INCLUDES AN ANALYSIS OF COMPARABLE DATA FOR SIMILAR SIZED NON-PROFIT ORGANIZATIONS WORKING IN THE SAME GENERAL FIELD OBTAINED VIA A SALARY SURVEY OF WASHINGTON, D.C. BASED NONPROFITS AND A PUBLIC RECORDS SEARCH OF FORM 990S. COMPENSATION OF EXECUTIVE STAFF IS DETERMINED BASED ON THIS COMPARABLE DATA, PREVIOUS LEVEL OF APPLICABLE WORK EXPERIENCE AND ANNUAL PERFORMANCE REVIEWS. ONLY THE PRESIDENT AND CEO'S COMPENSATION IS SUBJECT TO BOARD APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202332919349302003

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