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Nonprofiteer
← THIRD STREET EDUCATION CENTER

Form 990 for tax year 2024

Filed by THIRD STREET EDUCATION CENTER.

Totals

Total revenue
$1,805,277
Total expenses
$1,247,838
Contributions and grants received
$1,631,353
Grants paid
$0
Program service revenue
$99,603
Investment income
$1,345
Other revenue
$72,976
Total assets, end of year
$6,509,474
Total liabilities, end of year
$42,512
Net assets or fund balances, end of year
$6,466,962
Program services expenses (Part IX)
$939,611
Management and general expenses
$306,324
Fundraising expenses
$1,903
Program service expenses (Part III)
$939,611

Program services were 75.3% 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.

  • 1e · Government grants (contributions)

    $344,209

  • 1f · All other contributions, gifts and grants

    $1,287,144

  • 1g · Noncash contributions included above

    $600,726

  • 2a · Program service revenue: Academy

    total $92,301 · related or exempt $92,301

  • 2b · Program service revenue: Other Program Income

    total $7,302 · related or exempt $7,302

  • 3 · Investment income

    total $1,345 · related or exempt $1,345

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $4,345

  • 6c · Rental income or loss

    real property $4,345

  • 6d · Net rental income or loss

    total $4,345 · related or exempt $4,345

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $68,631

  • 8c · Net income from fundraising events

    total $68,631

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $81,200 · program services $60,900 · management and general $20,300

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $693,593 · program services $520,195 · management and general $173,398

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $9,161 · program services $6,871 · management and general $2,290

  • 10 · Payroll taxes

    total $63,812 · program services $47,859 · management and general $15,953

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $5,600 · management and general $5,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $25,644 · program services $25,644

  • 13 · Office expenses

    total $3,569 · program services $2,677 · management and general $892

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $53,335 · program services $40,002 · management and general $13,333

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $106,898 · program services $80,174 · management and general $26,724

  • 23 · Insurance

    total $25,612 · program services $19,209 · management and general $6,403

  • 24a · Other expenses: Academic & Nutrition

    total $47,854 · program services $47,854

  • 24b · Other expenses: Contract Services

    total $40,653 · program services $20,327 · management and general $20,326

  • 24c · Other expenses: Technology

    total $31,329 · program services $23,497 · management and general $7,832

  • 24d · Other expenses: Lawn Care

    total $18,250 · program services $13,688 · management and general $4,562

  • 24e · All other expenses

    total $41,328 · program services $30,714 · management and general $8,711 · fundraising $1,903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,119 · end of year $172,215

  • 2 · Savings and temporary cash investments

    beginning of year $149,117 · end of year $90,986

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,634 · end of year $17,248

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $30,739 · end of year $18,901

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67 · end of year $831

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

    $6,709,150

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

    $514,649

  • 10c · Land, buildings and equipment, net

    beginning of year $5,714,399 · end of year $6,194,501

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $19,100 · end of year $14,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,552 · end of year $1,756

  • 25 · Other liabilities

    beginning of year $47,100 · end of year $40,756

  • 27 · Net assets without donor restrictions

    beginning of year $5,909,523 · end of year $6,449,956

  • 28 · Net assets with donor restrictions

    end of year $17,006

Mission and programs · 2024

Mission

Third Street Education Center, Inc. endeavors to help with community transformation and to cultivate trusted community relationships so that residents of West Greenville will enjoy a safe, secure, and creative environment in which there will be less crime; strong families with active and invested fathers and mothers; community leaders who are developed and empowered; availability for ongoing educational opportunities; and partnerships with churches inside and outside the neighborhood along with other agencies and the city government.

  • The organization operated Third Street Academy, a private Christian school for Pre-K to 8th grade boys which focuses on character development, spiritual formation, and high academic standards. The programs goal is to develop smart, intelligent young men who become loving fathers, committed husbands, and active leaders in the community.The organization also hosted various outreach events and community activities that promoted its mission and furthered its exempt purpose.

    Expenses $939,611 · Revenue $1,730,956

As filed on the 2024 return.

Listed in Part VII

  • Robert Wynn

    Executive Director

    Total calculated
    $81,200
    From this org
    $81,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Robert A Moloney

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Meridith B Rizzuti

    Director

    Total calculated
    $0
    Hours/week
    1
  • Andrew Herdman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jay Audino

    Director

    Total calculated
    $0
    Hours/week
    1
  • Walter Strathy

    Director

    Total calculated
    $0
    Hours/week
    1
  • Richard Rizzuti

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
27 May 2025
IRS schema version
2024v5.1
Source object
202501499349301000

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