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Nonprofiteer
← ELYSIAN FIELD PROPERTY CORPORATION

Form 990 for tax year 2022

Filed by ELYSIAN FIELD PROPERTY CORPORATION.

Totals

Total revenue
$166,522
Total expenses
$86,169
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$157,310
Investment income
$9,212
Other revenue
$0
Total assets, end of year
$1,538,951
Total liabilities, end of year
$4,750
Net assets or fund balances, end of year
$1,534,201
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 $157,310 · related or exempt $157,310

  • 3 · Investment income

    total $9,212 · excluded $9,212

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,420

  • 16 · Occupancy

    total $19,737

  • 22 · Depreciation, depletion and amortization

    total $35,898

  • 23 · Insurance

    total $8,403

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $12,711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $564,075 · end of year $529,886

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

    $1,719,283

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

    $710,218

  • 10c · Land, buildings and equipment, net

    beginning of year $890,873 · end of year $1,009,065

  • 19 · Deferred revenue

    beginning of year $1,100 · end of year $4,750

  • 27 · Net assets without donor restrictions

    beginning of year $1,453,848 · end of year $1,534,201

Mission and programs · 2022

Mission

OPERATED FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY AND COLLECTING INCOME IN ORDER TO PROVIDE SUPPORT AND INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THE BROTHERS OF THE SACRED HEART NEW ORLEANS INC.

Activities or mission (Part I)

THE ELYSIAN FIELD PROPERTY CORPORATION IS ORGANIZED PURSUANT TO IRC SECTION (CONT'D SCH. O) 501(C)(2). IT IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO REAL PROPERTY, COLLECTING INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT (LESS EXPENSES) TO SUPPORT THE ACTIVITIES OF THE BROTHERS OF THE SACRED HEART OF NEW ORLEANS INC. (A QUALIFIED 501(C)(3) ORGANIZATION), IN ORDER TO PROVIDE SUPPORT & INCOME FOR THE EDUCATIONAL, RELIGIOUS AND CHARITABLE PURSUITS OF THAT ORGANIZATION, INCLUDING BUT NOT LIMITED TO THE OPERATION OF BROTHER MARTIN SCHOOL IN NEW ORLEANS, LA. THE CORPORATION WAS ORGANIZED IN JUNE, 1988 IN ORDER TO TAKE TITLE TO INVESTMENT PROPERTY ADJACENT TO THE CAMPUS OF BROTHER MARTIN HIGH SCHOOL. THE GOAL OF THIS ACQUISITION WAS TO ASSIST IN THE DEVELOPMENT OF ENDOWMENT FUNDS FOR THE SUPPORT OF BROTHER MARTIN HIGH SCHOOL. THE OTHER MEANS ARE DIRECT CONTRIBUTIONS TO BROTHER MARTIN HIGH SCHOOL.

  • HOLDING TITLE TO REAL PROPERTY AND COLLECTING RENTAL INCOME TO SUPPORT THE ACTIVITIES OF THE BROTHERS OF THE SACRED HEART NEW ORLEANS INC.

As filed on the 2022 return.

Listed in Part VII

  • Greg Rando

    PRESIDENT

    Total calculated
    $190,310
    From this org
    $0
    From related orgs
    $174,390
    Other
    $15,920
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,390 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,720 related
    Nontaxable benefits
    $0 + $7,200 related
    Filer's total
    $0 + $190,310 related

  • John Devlin III

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Brother Ivy Leblanc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Scott Williams

    DIRECTOR

    Total calculated
    $99,338
    From this org
    $0
    From related orgs
    $87,750
    Other
    $11,588
    Hours/week
    0.5 + 40 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

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
2022
Filed
2 February 2024
IRS schema version
2022v5.0
Source object
202400609349300605

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