Skip to content
Nonprofiteer
← PERFECTING HOLDINGS

Form 990 for tax year 2023

Filed by PERFECTING HOLDINGS.

Totals

Total revenue
-$1,563,420
Total expenses
$505,121
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$1,643,299
Other revenue
$79,879
Total assets, end of year
$1,789
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,789
Program services expenses (Part IX)
$160,481
Management and general expenses
$344,640
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 31.8% 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.

  • 6a · Gross rents

    real property $585,000

  • 6b · Less rental expenses

    real property $505,121

  • 6c · Rental income or loss

    real property $79,879

  • 6d · Net rental income or loss

    total $79,879 · related or exempt $79,879

  • 7a · Gross sales of assets other than inventory

    other assets -$1,643,299

  • 7c · Gain or loss

    other assets -$1,643,299

  • 7d · Net gain or loss

    total -$1,643,299 · related or exempt -$1,643,299 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $344,228 · program services $0 · management and general $344,228 · fundraising $0

  • 20 · Interest

    total $106,581 · program services $106,581 · management and general $0 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $412 · program services $0 · management and general $412 · fundraising $0

  • 24b · Other expenses: CLOSING COST

    total $53,900 · program services $53,900 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,468 · end of year $1,789

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,143,299 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,626,558

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,565,209 · end of year $1,789

Mission and programs · 2023

Mission

TO OWN AND MANAGE AN ACADEMY

  • TO OWN, REMODEL AND MANAGE A BUILDING USED AS A FAITH BASED CHRISTIAN ACADEMY.

As filed on the 2023 return.

Listed in Part VII

  • Marvin Winans

    President

    Total calculated
    $0
    Hours/week
    10

  • Margodi Heron

    Director

    Total calculated
    $0
    Hours/week
    5

  • Marilyn Byrd

    Director

    Total calculated
    $0
    Hours/week
    5

  • Melvin Acuff

    Director

    Total calculated
    $0
    Hours/week
    5

  • Pamela Mael

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clarence Ewing

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations 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
2023
Filed
29 March 2024
IRS schema version
2023v5.1
Source object
202431799349300513

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.