Totals
- Total revenue
- $2,040,758
- Total expenses
- $2,123,539
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $79,591
- Other revenue
- $1,961,167
- Total assets, end of year
- $23,016,637
- Total liabilities, end of year
- $19,687,944
- Net assets or fund balances, end of year
- $3,328,693
- Program services expenses (Part IX)
- $2,061,693
- Management and general expenses
- $61,846
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,061,693
Program services were 97.1% 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.
-
3 · Investment income
total $79,591 · excluded $79,591
-
6a · Gross rents
real property $1,961,167
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,961,167
-
6d · Net rental income or loss
total $1,961,167 · related or exempt $1,961,167
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $21,822 · management and general $21,822
-
11b · Fees: legal
total $20,883 · management and general $20,883
-
11c · Fees: accounting
total $10,500 · management and general $10,500
-
11g · Fees: other
total $10,524 · program services $2,324 · management and general $8,200
-
13 · Office expenses
total $441 · management and general $441
-
20 · Interest
total $1,258,641 · program services $1,258,641
-
22 · Depreciation, depletion and amortization
total $692,326 · program services $692,326
-
23 · Insurance
total $108,402 · program services $108,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,116,591 · end of year $1,106,925
-
2 · Savings and temporary cash investments
beginning of year $2,393,298 · end of year $2,611,027
-
10a · Land, buildings and equipment: cost or other basis
$26,362,841
-
10b · Land, buildings and equipment: accumulated depreciation
$8,572,619
-
10c · Land, buildings and equipment, net
beginning of year $18,387,626 · end of year $17,790,222
-
15 · Other assets
beginning of year $1,650,048 · end of year $1,508,463
-
17 · Accounts payable and accrued expenses
beginning of year $1,518 · end of year $10,918
-
23 · Secured mortgages and notes payable
beginning of year $20,134,571 · end of year $19,606,546
-
25 · Other liabilities
beginning of year $0 · end of year $70,480
-
27 · Net assets without donor restrictions
beginning of year $3,411,474 · end of year $3,328,693
Mission and programs · 2022
Mission
THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE HEALTH, WELFARE AND EDUCATIONAL INTEREST OF NEW FOUNDATIONS CHARTER SCHOOL, A PENNSYLVANIA NONPROFIT CORPORATION EXEMPT AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
-
ORGANIZATION LEASES PROPERTY TO NEW FOUNDATIONS CHARTER SCHOOL, A NOT FOR PROFIT ENTITY FORMED UNDER SECTION 501(C)(3).
Expenses $2,061,693 · Revenue $1,961,167
As filed on the 2022 return.
Listed in Part VII
-
Terry CantorTERRY CANTOR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Paul StadelbergerPAUL STADELBERGER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Helen AnhaltHELEN ANHALT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kevin LindnerKEVIN LINDNER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tim KellyTIM KELLY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
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.
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.
-
NEW FOUNDATIONS CHARTER SCHOOL
501(C)(3) · CHARTER SCHOOL · PA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 22 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420249349300812
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