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Nonprofiteer
← CIVIC RI CENTRAL FALLS CHARTER III LLC

Form 990 for tax year 2022

Filed by CIVIC RI CENTRAL FALLS CHARTER III LLC.

Totals

Total revenue
$372,123
Total expenses
$2,134,905
Contributions and grants received
$0
Grants paid
$347,682
Program service revenue
$372,123
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,134,905
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,134,905

Program services were 100.0% 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: GROSS RENTS

    total $372,123 · related or exempt $372,123

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $347,682 · program services $347,682

  • 16 · Occupancy

    total $5,000 · program services $5,000

  • 20 · Interest

    total $201,445 · program services $201,445

  • 22 · Depreciation, depletion and amortization

    total $139,535 · program services $139,535

  • 23 · Insurance

    total $6,053 · program services $6,053

  • 24a · Other expenses: LOSS ON SALE OF BUILDIN

    total $1,375,407 · program services $1,375,407

  • 24b · Other expenses: PROFESSIONAL FEES

    total $44,713 · program services $44,713

  • 24c · Other expenses: PROPERTY MANAGEMENT FEE

    total $14,685 · program services $14,685

  • 24d · Other expenses: FEES & DUES

    total $385 · program services $385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,900 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $175,003 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,036 · end of year $0

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,278,958 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $5,132,499 · end of year $0

  • 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

    beginning of year $13,344 · end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,955

  • 23 · Secured mortgages and notes payable

    beginning of year $4,900,000

  • 25 · Other liabilities

    beginning of year $175,003 · 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 $1,762,782 · end of year $0

Mission and programs · 2022

Mission

TO ASSIST NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING TITLE TO PROPERTY WHICH WILL THEN BE DEVELOPED AS NEW CHARTER SCHOOLS.

Activities or mission (Part I)

SEE ATTACHMENT

  • THE CORPORATION WAS FORMED FOR THE PURPOSE OF ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING TITLE TO PROPERTY WHICH WILL THEN BE DEVELOPED AS NEW CHARTER SCHOOLS.

    Expenses $2,134,905 · Grants $347,682 · Revenue $372,123

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID UMANSKY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • FRANK BUCCOLA

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEREMY CHIAPPETTA

    VICE PRESIDENT

    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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311329349308931

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