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Nonprofiteer
← COLOGNE ACADEMY BUILDING COMPANY

Form 990 for tax year 2024

Filed by COLOGNE ACADEMY BUILDING COMPANY.

Totals

Total revenue
$1,182,274
Total expenses
$880,788
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,107,220
Investment income
$75,054
Other revenue
$0
Total assets, end of year
$12,732,896
Total liabilities, end of year
$12,415,146
Net assets or fund balances, end of year
$317,750
Program services expenses (Part IX)
$847,325
Management and general expenses
$33,463
Fundraising expenses
$0
Program service expenses (Part III)
$847,325

Program services were 96.2% 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: Lease Revenue

    total $1,107,220 · related or exempt $1,107,220

  • 3 · Investment income

    total $75,054 · excluded $75,054

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,368 · management and general $3,368

  • 11g · Fees: other

    total $30,095 · management and general $30,095

  • 16 · Occupancy

    total $38,242 · program services $38,242

  • 20 · Interest

    total $553,883 · program services $553,883

  • 22 · Depreciation, depletion and amortization

    total $255,200 · program services $255,200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,158,256 · end of year $2,292,100

  • 4 · Accounts receivable

    beginning of year $26,235 · end of year $82,310

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

    $12,916,176

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

    $2,557,690

  • 10c · Land, buildings and equipment, net

    beginning of year $10,582,785 · end of year $10,358,486

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,451,975 · end of year $12,118,021

  • 25 · Other liabilities

    beginning of year $329,938 · end of year $297,125

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$14,637 · end of year $317,750

Mission and programs · 2024

Mission

Cologne Academy Building Company's mission is to design and implement Cologne Academy's strategies related to facilities.

Activities or mission (Part I)

To design and implement Cologne Academy's strategies related to facilities.

  • Started in 2014, Cologne Academy Building Company issued bonds ($14.3 million) for the purchase of the existing building and the construction of a 33,000 square foot addition.

    Expenses $847,325 · Revenue $1,107,220

As filed on the 2024 return.

Listed in Part VII

  • Dustin Bentz

    Board Chair

    Total calculated
    $87,658
    From this org
    $0
    From related orgs
    $66,400
    Other
    $21,258
    Hours/week
    2 + 40 related

  • Jamie Degen

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Laura Oman

    Secretary

    Total calculated
    $73,102
    From this org
    $0
    From related orgs
    $66,563
    Other
    $6,539
    Hours/week
    2 + 40 related

  • Lynn Peterson

    Ex Officio

    Total calculated
    $135,457
    From this org
    $0
    From related orgs
    $122,292
    Other
    $13,165
    Hours/week
    2 + 45 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.

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
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601809349300520

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