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Nonprofiteer
← FRIENDS OF ST CROIX PREPARATORY ACADEMY

Form 990 for tax year 2023

Filed by FRIENDS OF ST CROIX PREPARATORY ACADEMY.

Totals

Total revenue
$2,100,109
Total expenses
$1,904,360
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,965,452
Investment income
$134,657
Other revenue
$0
Total assets, end of year
$22,805,233
Total liabilities, end of year
$26,049,730
Net assets or fund balances, end of year
-$3,244,497
Program services expenses (Part IX)
$1,878,319
Management and general expenses
$26,041
Fundraising expenses
$0
Program service expenses (Part III)
$1,878,319

Program services were 98.6% 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 $1,965,452 · related or exempt $1,965,452

  • 3 · Investment income

    total $134,657 · excluded $134,657

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $95,946 · program services $69,905 · management and general $26,041

  • 13 · Office expenses

    total $3,102 · program services $3,102

  • 16 · Occupancy

    total $1,020,240 · program services $1,020,240

  • 22 · Depreciation, depletion and amortization

    total $727,835 · program services $727,835

  • 23 · Insurance

    total $1,173 · program services $1,173

  • 24a · Other expenses: Equipment

    total $56,064 · program services $56,064

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $686,652 · end of year $688,192

  • 2 · Savings and temporary cash investments

    beginning of year $3,215,484 · end of year $3,368,719

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,173

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

    $26,589,094

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

    $8,417,565

  • 10c · Land, buildings and equipment, net

    beginning of year $18,663,202 · end of year $18,171,529

  • 15 · Other assets

    beginning of year $0 · end of year $576,793

  • 17 · Accounts payable and accrued expenses

    end of year $418,641

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,352,475 · end of year $25,268,332

  • 25 · Other liabilities

    beginning of year $654,282 · end of year $362,757

  • 27 · Net assets without donor restrictions

    beginning of year -$4,673,426 · end of year -$3,643,158

  • 28 · Net assets with donor restrictions

    beginning of year $1,233,180 · end of year $398,661

Mission and programs · 2023

Mission

To design and implement SCPA's strategies related to facilities and capital development.

  • Building company whose purpose is to purchase, own and construct a building to lease to St. Croix Preparatory Academy.

    Expenses $1,878,319 · Revenue $1,965,452

As filed on the 2023 return.

Listed in Part VII

  • William Blotske

    Director of Building

    Total calculated
    $141,731
    From this org
    $0
    From related orgs
    $131,614
    Other
    $10,117
    Hours/week
    1 + 40 related

  • Kelly Gutierrez

    ED of Finance and Operations

    Total calculated
    $165,591
    From this org
    $0
    From related orgs
    $149,046
    Other
    $16,545
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,046 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,400 related
    Nontaxable benefits
    $0 + $5,145 related
    Filer's total
    $0 + $165,591 related

  • Kristine Fischer

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dan Melhs

    Member

    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. 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

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
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349303291

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