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Nonprofiteer
← EAGLE RIDGE ACADEMY AFFILIATED BUILDING COMPANY

Form 990 for tax year 2022

Filed by EAGLE RIDGE ACADEMY AFFILIATED BUILDING COMPANY.

Totals

Total revenue
$2,754,744
Total expenses
$2,769,543
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,706,105
Investment income
$48,639
Other revenue
$0
Total assets, end of year
$35,091,902
Total liabilities, end of year
$39,470,790
Net assets or fund balances, end of year
-$4,378,888
Program services expenses (Part IX)
$2,735,561
Management and general expenses
$33,982
Fundraising expenses
$0
Program service expenses (Part III)
$2,735,561

Program services were 98.8% 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: RENTAL INCOME

    total $2,706,105 · related or exempt $2,706,105

  • 3 · Investment income

    total $48,639 · excluded $48,639

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,326 · management and general $13,326

  • 11g · Fees: other

    total $20,631 · management and general $20,631

  • 20 · Interest

    total $2,042,026 · program services $2,042,026

  • 22 · Depreciation, depletion and amortization

    total $680,226 · program services $680,226

  • 23 · Insurance

    total $1,175 · program services $1,175

  • 24a · Other expenses: SMALL EQUIPMENT PURCHAS

    total $12,134 · program services $12,134

  • 24b · Other expenses: DUES & MEMBERSHIPS

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,545 · end of year $17,430

  • 2 · Savings and temporary cash investments

    beginning of year $5,106,384 · end of year $5,052,319

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

    $31,984,016

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

    $3,501,504

  • 10c · Land, buildings and equipment, net

    beginning of year $28,813,987 · end of year $28,482,512

  • 15 · Other assets

    beginning of year $1,601,226 · end of year $1,539,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,006,979 · end of year $991,053

  • 20 · Tax-exempt bond liabilities

    beginning of year $38,559,922 · end of year $38,239,258

  • 23 · Secured mortgages and notes payable

    beginning of year $290,000

  • 25 · Other liabilities

    beginning of year $48,330 · end of year $240,479

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$370,500 · end of year -$988,053

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year -$3,993,589 · end of year -$3,390,835

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO OWN AND MAINTAIN A PUBLIC SCHOOLHOUSE, FOR LEASE TO THE EAGLE RIDGE ACADEMY, ON REAL ESTATE OWNED BY THE ORGANIZATION.

Activities or mission (Part I)

SEE PART III, LINE 1

  • DURING THE FISCAL YEAR ENDED JUNE 30, 2016, THE ABC OPENED A NEWLY REMODELED SCHOOL BUILDING. THE BUILDING EXPANDED THE LOWER GRADES FROM THREE CLASSROOMS PER GRADE TO THE POTENTIAL FOR SIX CLASSROOMS PER GRADE. PHASE II WAS COMPLETED DURING THE YEAR ENDED JUNE 30, 2018. PHASE II INCLUDED ADDING AN AUDITORIUM, BUILD-OUT OF A DESIGNATED HIGH SCHOOL AREA, GYM AND OUTDOOR SPACE IMPROVEMENTS.

    Expenses $2,735,561 · Revenue $2,706,105

As filed on the 2022 return.

Listed in Part VII

  • Jason Ulbrich

    EXECUTIVE DIRECTOR/MEMBER

    Total calculated
    $206,541
    From this org
    $0
    From related orgs
    $168,111
    Other
    $38,430
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,111 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,579 related
    Nontaxable benefits
    $0 + $23,851 related
    Filer's total
    $0 + $206,541 related

  • Dan Hogan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Amanda Hippe

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Sheppard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Larson

    MEMBER

    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. 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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
9 May 2024
IRS schema version
2022v5.0
Source object
202421369349302462

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