Form 990 for tax year 2023

Filed by CUMORAH ACADEMY.

Totals

Total revenue: $2,027,703
Total expenses: $1,069,985
Contributions and grants received: $746,026
Grants paid: $0
Program service revenue: $52,327
Investment income: $1,229,350
Other revenue: $0
Total assets, end of year: $5,943,076
Total liabilities, end of year: $35,513
Net assets or fund balances, end of year: $5,907,563
Program services expenses (Part IX): $1,007,034
Management and general expenses: $62,951
Fundraising expenses: $0
Program service expenses (Part III): $1,007,034

Program services were 94.1% 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.

1f · All other contributions, gifts and grants

$746,026
2a · Program service revenue: FEES/TUITION

total $42,725 · related or exempt $42,725
2b · Program service revenue: CUMORAH SERVICES INCOME

total $9,602 · related or exempt $9,602
3 · Investment income

total $1,229,350 · excluded $1,229,350

Functional expenses

Part IX, the statement of functional expenses.

11b · Fees: legal

total $99 · program services $93 · management and general $6
11g · Fees: other

total $759,734 · program services $715,036 · management and general $44,698
13 · Office expenses

total $2,294 · program services $2,159 · management and general $135
17 · Travel

total $124,648 · program services $117,315 · management and general $7,333
24a · Other expenses: OTHER OPERATIONAL EXPEN

total $121,403 · program services $114,260 · management and general $7,143
24b · Other expenses: MERCHANT FEES

total $61,807 · program services $58,171 · management and general $3,636

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $150,364 · end of year $150,178
13 · Investments: program-related

beginning of year $4,834,994 · end of year $5,792,898
17 · Accounts payable and accrued expenses

beginning of year $35,013 · end of year $35,013
25 · Other liabilities

beginning of year $500 · end of year $500
27 · Net assets without donor restrictions

beginning of year $4,949,845 · end of year $5,907,563

Mission and programs · 2023

Mission

TO ASSIST INDIVIDUALS IN THEIR DESIRE TO FOLLOW JESUS CHRIST AND POSITIVELY IMPACT THEIR LIVES, CAREERS, HOMES & COMMUNITIES. TO ACCOMPLISH THIS WE: GATHER FAITHFUL DISCIPLES OF JESUS CHRIST AND LIKE-MINDED INDIVIDUALS, EMPOWER THEM WITH THE KNOWLEDGE, SKILLS & ATTRIBUTES THAT RESULT IN LASTING HAPPINESS, PREPARE THEM TO BE LEADERS IN THEIR FAMILIES, THE CHURCH, THEIR PROFESSIONS & THEIR COMMUNITIES.

Activities or mission (Part I)

CUMORAH ACADEMY PROVIDES RELIGIOUS AND AGRICULTURAL EDUCATION IN THE CZECH REPUBLIC FOR 18-33 YEAR OLDS AT NO COST TO THE STUDENTS.

Expenses $1,007,034 · Revenue $52,327

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Allyse SedivyALLYSE SEDIVY

PRESIDENT

Total calculated

$0

Hours/week

4
Jason PlantJASON PLANT

TREASURER

Total calculated

$0

Hours/week

4
Jan PohorelickyJAN POHORELICKY

SECRETARY

Total calculated

$0

Hours/week

40

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

CUMORAH CAREER SERVICES LLC DBA ZIVA

JOB PLACEMENT · UT · income $5,149 · assets $5,149

Directly controlled by CUMORAH ACADEMY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CROWN RESORT & SPA SRO

C · FACILITIES MANAGEMENT · EZ · 100% owned · share of income -$991 · share of assets $1,577,930

Directly controlled by CUMORAH HOLDINGS AS
CROWN RESORT & SPA MANAGEMENT SRO

C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income -$13,291 · share of assets $1,436,522

Directly controlled by CUMORAH HOLDINGS AS
FARMA STAMBERK SRO (RBA CZECH REPUBLIC SRO)

C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income -$85,155 · share of assets $158,023

Directly controlled by CUMORAH HOLDINGS AS
ARC INTERNATIONAL HOLDINGS LIMITED

C · SALES · HK · 100% owned · share of income $1,261,317 · share of assets $7,172,525

Directly controlled by CUMORAH ACADEMY
CUMORAH HOLDINGS AS

C · OPERATIONAL OVERSIGHT OF EDUCATIONAL SERVICES · EZ · 100% owned · share of income -$2,298 · share of assets $4,931,848

Directly controlled by CUMORAH ACADEMY
CUMORAH SERVICES

C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income -$15,589 · share of assets $51,631

Directly controlled by CUMORAH HOLDINGS AS

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202403209349325055

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