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Nonprofiteer
← REBELAWN REALTY COMPANY INC

Form 990 for tax year 2024

Filed by REBELAWN REALTY COMPANY INC.

Totals

Total revenue
$20,350
Total expenses
$59,174
Contributions and grants received
$0
Grants paid
$42,000
Program service revenue
$20,350
Investment income
$0
Other revenue
$0
Total assets, end of year
$505,766
Total liabilities, end of year
$300
Net assets or fund balances, end of year
$505,466
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $20,350 · related or exempt $20,350

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,000

  • 16 · Occupancy

    total $250

  • 22 · Depreciation, depletion and amortization

    total $16,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,680 · end of year $17,080

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

    $660,043

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

    $171,357

  • 10c · Land, buildings and equipment, net

    beginning of year $505,610 · end of year $488,686

  • 19 · Deferred revenue

    beginning of year $0 · end of year $300

  • 27 · Net assets without donor restrictions

    beginning of year $544,290 · end of year $505,466

Mission and programs · 2024

Mission

Rebelawn Realty, Inc. is a real estate title holding company, tax exempt under IRC Section 501(c)(2), whose shares are wholly owned by the Life Learning Center, Inc. ("Center"), a tax exempt organization under IRC Section 501 (c)(3). The organization's singular purpose is to provide real estate in support of the center.

Activities or mission (Part I)

Real estate title holding company of Life Learning Center, Inc., a 501(c)(3) organization.

  • Providing real estate to support the Life Learning Center, Inc.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William P Butler

    Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carol Butler

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Deana Taylor

    Secretary - Exit 03/24

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keith Carlson

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alecia Webb-Edgington

    President

    Total calculated
    $191,119
    From this org
    $0
    From related orgs
    $185,000
    Other
    $6,119
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $5,550 related
    Nontaxable benefits
    $0 + $569 related
    Filer's total
    $0 + $191,119 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
The organization relied on a related organization that used one or more of the methods in Question #3 to establish the top management official's compensation.

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

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
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202503009349301030

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