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Nonprofiteer
← DSST BUILDING CORPORATION

Form 990 for tax year 2023

Filed by DSST BUILDING CORPORATION.

Totals

Total revenue
$486,278
Total expenses
$861,958
Contributions and grants received
$112,708
Grants paid
$0
Program service revenue
$943,920
Investment income
-$570,350
Other revenue
$0
Total assets, end of year
$35,416,071
Total liabilities, end of year
$18,946,129
Net assets or fund balances, end of year
$16,469,942
Program services expenses (Part IX)
$834,872
Management and general expenses
$27,086
Fundraising expenses
$0
Program service expenses (Part III)
$834,872

Program services were 96.9% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $112,708

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RELATED PARTY RENTAL INCOME

    total $943,920 · related or exempt $943,920 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $66,888 · related or exempt $0 · unrelated business $0 · excluded $66,888

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $637,238

  • 7c · Gain or loss

    securities $0 · other assets -$637,238

  • 7d · Net gain or loss

    total -$637,238 · related or exempt $0 · unrelated business $0 · excluded -$637,238

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

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

  • 20 · Interest

    total $27,086 · management and general $27,086

  • 22 · Depreciation, depletion and amortization

    total $834,872 · program services $834,872

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,210,552 · end of year $505,197

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $81,557 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $35,587,367

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

    $2,203,748

  • 10c · Land, buildings and equipment, net

    beginning of year $34,794,640 · end of year $33,383,619

  • 11 · Investments: publicly traded securities

    beginning of year $617,383 · end of year $1,527,255

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $910,137 · end of year $186,300

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,948,373 · end of year $18,759,829

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $16,845,622 · end of year $16,469,942

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

DSST BUILDING CORPORATION IS FORMED FOR THE PURPOSE OF SUPPORTING DENVER SCHOOL OF SCIENCE AND TECHNOLOGY, A COLORADO NONPROFIT CORPORATION EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ITS SOLE PURPOSE IS TO ISSUE DEBT AND BUILD, ACQUIRE, HOLD, AND LEASE REAL PROPERTY ON BEHALF OF THE SCHOOL. THE ACTIVITY WILL BE CONDUCTED BY DSST BUILDING CORPORATION IN DENVER, COLORADO. THE ACTIVITY WILL BE FUNDED BY DONATIONS AND GRANTS, AND LEASING FEES COLLECTED FROM THE SCHOOL, FOR THE SCHOOL'S SOLE BENEFIT. 100% OF THE BUILDING CORPORATION'S TIME AND EXPENSES ARE ALLOCATED TO THIS ACTIVITY.

Activities or mission (Part I)

DSST BUILDING CORPORATION SOLE PURPOSE IS TO ISSUE DEBT AND BUILD, ACQUIRE, HOLD, AND LEASE REAL PROPERTY ON BEHALF OF THE SCHOOL.

  • THE DSST BUILDING CORPORATION'S PURPOSE IS TO ACQUIRE PROPERTY AND HOLD LONG TERM DEBT FOR THE DENVER SCHOOL OF SCIENCE AND TECHNOLOGY, A RELATED COLORADO NON-PROFIT. THE DSST BUILDING CORPORATION DID PURCHASE A BUILDING IN FEBRUARY OF 2021 AND ACQUIRED BOND FINANCING FOR RENOVATION OF THAT BUILDING TO BE A SCHOOL IN JUNE OF 2021.

    Expenses $834,872 · Revenue $943,920

As filed on the 2023 return.

Listed in Part VII

  • Dominick Moreno

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jim Taylor

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nicholas Plantan

    SECRETARY

    Total calculated
    $189,206
    From this org
    $0
    From related orgs
    $160,805
    Other
    $28,401
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,805 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,500 related
    Nontaxable benefits
    $0 + $19,901 related
    Filer's total
    $0 + $189,206 related

  • Anthony Eberspacher

    TREASURER

    Total calculated
    $134,508
    From this org
    $0
    From related orgs
    $106,838
    Other
    $27,670
    Hours/week
    1 + 39 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF ITS EMPLOYEES TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2023, THE ORGANIZATION AWARDED THE CHIEF EXECUTIVE OFFICER AND THE SCHOOL DIRECTORS A BONUS BASED ON REVIEW OF THEIR PERFORMANCES AND SERVICES TO THE ORGANIZATION.

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

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
2 May 2025
IRS schema version
2023v6.0
Source object
202531229349302563

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