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Nonprofiteer
← IRONSTONE TOTAL BUSINESS SUPPORT

Form 990 for tax year 2023

Filed by IRONSTONE TOTAL BUSINESS SUPPORT.

Totals

Total revenue
$1,458,213
Total expenses
$1,458,213
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,458,213
Investment income
$0
Other revenue
$0
Total assets, end of year
$633,896
Total liabilities, end of year
$633,896
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$1,393,710
Management and general expenses
$64,503
Fundraising expenses
$0
Program service expenses (Part III)
$1,393,710

Program services were 95.6% 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: MANAGEMENT FEES

    total $1,458,213 · related or exempt $1,443,600 · unrelated business $14,613

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $943,267 · program services $943,267

  • 7 · Other salaries and wages

    total $194,532 · program services $194,532

  • 8 · Pension plan contributions

    total $76,148 · program services $76,148

  • 9 · Other employee benefits

    total $112,226 · program services $112,226

  • 10 · Payroll taxes

    total $55,590 · program services $55,590

  • 11b · Fees: legal

    total $5,123 · management and general $5,123

  • 11c · Fees: accounting

    total $3,355 · management and general $3,355

  • 11g · Fees: other

    total $22,398 · management and general $22,398

  • 13 · Office expenses

    total $14,839 · management and general $14,839

  • 16 · Occupancy

    total $4,690 · management and general $4,690

  • 17 · Travel

    total $1,567 · program services $1,567

  • 23 · Insurance

    total $7,669 · management and general $7,669

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $10,380 · program services $10,380

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $6,429 · management and general $6,429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,457 · end of year $73,462

  • 4 · Accounts receivable

    beginning of year $221,209 · end of year $285,299

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,308 · end of year $3,548

  • 15 · Other assets

    beginning of year $0 · end of year $271,587

  • 17 · Accounts payable and accrued expenses

    beginning of year $477,974 · end of year $362,309

  • 25 · Other liabilities

    beginning of year $0 · end of year $271,587

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

IRONSTONE TOTAL BUSINESS SUPPORT (IRONSTONE) WAS FORMED ON JULY 19, 2021 IN THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSE OF IRONSTONE IS TO SERVE AS A MANAGEMENT COMPANY BY PROVIDING MANAGEMENT, STAFFING, BACK OFFICE, PROPERTY MAINTENANCE, INFORMATION TECHNOLOGY, AND OTHER BUSINESS SERVICES TO THE 501(C)(3) ORGANIZATIONS THAT IT SUPPORTS. THE 501(C)(3) ORGANIZATIONS THAT IRONSTONE SUPPORTS ARE STUDENT SERVICES, INC. AND STUDENT LODGING, INC. (THE SUPPORTED ORGANIZATIONS). IRONSTONE MAY SUPPORT OTHER 501(C)(3) ORGANIZATIONS IN THE FUTURE THAT HAVE CHARITABLE MISSIONS AND SERVICE NEEDS THAT ARE SIMILAR TO THE SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

IRONSTONE TOTAL BUSINESS SUPPORT (IRONSTONE) WAS FORMED ON JULY 19, 2021 IN THE COMMONWEALTH OF PENNSYLVANIA. THE PURPOSE OF IRONSTONE IS TO SERVE AS A MANAGEMENT COMPANY BY PROVIDING MANAGEMENT, STAFFING, BACK OFFICE, PROPERTY MAINTENANCE, INFORMATION TECHNOLOGY, AND OTHER BUSINESS SERVICES TO THE 501(C)(3) ORGANIZATIONS THAT IT SUPPORTS. THE 501(C)(3) ORGANIZATIONS THAT IRONSTONE SUPPORTS ARE STUDENT SERVICES, INC. AND STUDENT LODGING, INC. (THE SUPPORTED ORGANIZATIONS).

  • SUPPORTING SERVICES FOR STUDENT SERVICES, INC. AND STUDENT LODGING, INC.

    Expenses $1,393,710 · Revenue $1,443,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ty Espenshade

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • Abram Diffenbach

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Shope

    TREASURER (UNTIL 4/2024)

    Total calculated
    $0
    Hours/week
    1

  • Stephen Kepchar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Andrew Olenik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • Robert J Sempsey

    CHIEF BUSINESS OFFICER/SECRETARY

    Total calculated
    $327,245
    From this org
    $253,885
    From related orgs
    $0
    Other
    $73,360
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $233,817
    Bonus
    $20,068
    Other
    $0
    Deferred
    $63,643
    Nontaxable benefits
    $9,717
    Filer's total
    $327,245

  • Geoffrey Beers

    CEO/DIRECTOR

    Total calculated
    $350,680
    From this org
    $274,596
    From related orgs
    $0
    Other
    $76,084
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $259,636
    Bonus
    $14,960
    Other
    $0
    Deferred
    $66,367
    Nontaxable benefits
    $9,717
    Filer's total
    $350,680

  • Andrew Kehl

    CHIEF FINANCIAL OFFICER

    Total calculated
    $238,999
    From this org
    $181,440
    From related orgs
    $0
    Other
    $57,559
    Hours/week
    10 + 27.5 related

    Schedule J breakdown matched by us

    Base
    $155,430
    Bonus
    $26,010
    Other
    $0
    Deferred
    $47,842
    Nontaxable benefits
    $9,717
    Filer's total
    $238,999

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
GEOFFREY BEERS, CEO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $18,408. ROBERT SEMPSEY, CBO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $13,723.

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
2023
Filed
27 January 2025
IRS schema version
2023v6.0
Source object
202520299349300137

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