Totals
- Total revenue
- $222,200
- Total expenses
- $822,825
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $222,200
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $20,977,805
- Total liabilities, end of year
- $20,039,539
- Net assets or fund balances, end of year
- $938,266
- Program services expenses (Part IX)
- $816,303
- Management and general expenses
- $6,522
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $816,303
Program services were 99.2% 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 $222,200 · related or exempt $222,200
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $123,115 · program services $123,115
-
13 · Office expenses
total $42 · management and general $42
-
20 · Interest
total $190,700 · program services $190,700
-
22 · Depreciation, depletion and amortization
total $399,113 · program services $399,113
-
23 · Insurance
total $103,375 · program services $103,375
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $6,480 · management and general $6,480
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $925,092 · end of year $669,939
-
9 · Prepaid expenses and deferred charges
beginning of year $27,125
-
10a · Land, buildings and equipment: cost or other basis
$19,824,064
-
10b · Land, buildings and equipment: accumulated depreciation
$704,907
-
10c · Land, buildings and equipment, net
beginning of year $19,427,231 · end of year $19,119,157
-
15 · Other assets
beginning of year $1,186,509 · end of year $1,188,709
-
17 · Accounts payable and accrued expenses
beginning of year $122,601 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $19,070,000 · end of year $19,070,000
-
25 · Other liabilities
beginning of year $834,465 · end of year $969,539
-
27 · Net assets without donor restrictions
beginning of year $1,538,891 · end of year $938,266
Mission and programs · 2023
Mission
REAL ESTATE HOLDING COMPANY FOR SOLE BENEFIT OF ONE CITY SCHOOLS, INC., A 501(C)(3) ORGANIZATION.
-
ONE CITY BROADWAY, INC. HOLDS TITLE TO COMMERCIAL RENTAL PROPERTY THAT PROVIDES SPACE FOR THE ELEMENTARY AND SECONDARY SCHOOL.
Expenses $816,303 · Revenue $222,200
As filed on the 2023 return.
Listed in Part VII
-
Carola GainesCAROLA GAINES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David AguayoDAVID AGUAYO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gloria Ladson BillingsGLORIA LADSON BILLINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gordon DerzonGORDON DERZON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James HowardJAMES HOWARD
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jerry JohnsonJERRY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joseph KruppJOSEPH KRUPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael HansonMICHAEL HANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nobel WrayNOBEL WRAY
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Scott KlugSCOTT KLUG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Sui-Nae StromanSUI-NAE STROMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Torrey JaeckleTORREY JAECKLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Toya Pedracine-StewartTOYA PEDRACINE-STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gail WisemanGAIL WISEMAN
COO
- Total calculated
- $119,533
- From this org
- $0
- From related orgs
- $105,300
- Other
- $14,233
- Hours/week
- 1 + 41 related
-
Michael Kaleem CaireMICHAEL KALEEM CAIRE
FOUNDER AND CEO
- Total calculated
- $204,684
- From this org
- $0
- From related orgs
- $189,266
- Other
- $15,418
- Hours/week
- 1 + 41 related
Schedule J breakdown matched by us
- Base
- $0 + $174,266 related
- Bonus
- $0 + $15,000 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $15,418 related
- Filer's total
- $0 + $204,684 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
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE MEMBERS OF ONE CITY SCHOOLS, INC.'S GOVERNING BODY USES A COMPENSATION STUDY TO DETERMINE THE COMPENSATION OF THE FOUNDER & CEO. THE GOVERNING BODY'S DETERMINATION OF COMPENSATION AND DECISION ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE GOVERNING BODY.
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.
-
501(C)(3) · TO PROVIDE HIGH QUALITY LEARNING OPPORTUNITIES FOR CHILDREN BIRTH TO AGE 6 · WI
-
ONE CITY SCHOOLS FOUNDATION INC
501(C)(3) · TO SUPPORT THE MISSION OF ONCE CITY SCHOOLS INC · WI
Directly controlled by ONE CITY SCHOOLS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531329349303573
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