Skip to content
Nonprofiteer
← A SPACE TO SOAR INC

Form 990 for tax year 2023

Filed by A SPACE TO SOAR INC.

What the amendment changed

Compared with the return it replaced , filed 15 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$82,021 changed to $326,520
Total expenses
$110,465 changed to $460,552
Program service revenue
$72,000 changed to $316,500
Investment income
$21 changed to $20
Total assets, end of year
$8,440,695 changed to $8,229,770
Net assets or fund balances, end of year
$110,695 changed to -$100,230
Program services expenses
$101,197 changed to $434,409
Management and general expenses
$9,268 changed to $26,143
Program service expenses (Part III)
$101,197 changed to $434,409

Listed only on the earlier return

  • Chris McCord
  • Genene Stewart
  • JD Scott
  • Pam Wuichet

Listed under a different title

  • Dale Royal: TREASURER then President

Totals

Total revenue
$326,520
Total expenses
$460,552
Contributions and grants received
$10,000
Grants paid
$0
Program service revenue
$316,500
Investment income
$20
Other revenue
$0
Total assets, end of year
$8,229,770
Total liabilities, end of year
$8,330,000
Net assets or fund balances, end of year
-$100,230
Program services expenses (Part IX)
$434,409
Management and general expenses
$26,143
Fundraising expenses
$0
Program service expenses (Part III)
$434,409

Program services were 94.3% 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.

  • 1d · Related organizations

    $10,000

  • 1f · All other contributions, gifts and grants

    $0

  • 2a · Program service revenue: LEASE INCOME

    total $316,500 · related or exempt $316,500

  • 3 · Investment income

    total $20 · excluded $20

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $9,650 · program services $9,650

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,053 · management and general $9,053

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $147 · management and general $147

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $5,073 · program services $5,073

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $91,547 · program services $91,547

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $328,139 · program services $328,139

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER COSTS

    total $16,933 · management and general $16,933

  • 24b · Other expenses: LATE FEES

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,144 · end of year $71,194

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $605,250 · end of year $1,077,375

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,051 · end of year $1,557

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

    $8,016,066

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

    $1,408,167

  • 10c · Land, buildings and equipment, net

    beginning of year $7,264,177 · end of year $6,607,899

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $498,516 · end of year $471,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,330,000 · end of year $8,330,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $139,138 · end of year -$100,230

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The primary purpose of the Organization is to acquire, develop, and lease a youth development center and dance studio in Atlanta, Georgia. The organization is accomplishing this through the New Markets Tax Credit program.

Activities or mission (Part I)

TO ACQUIRE, DEVELOP, AND LEASE A YOUTH DEVELOPMENT CENTER AND DANCE STUDIO IN ATLANTA. THE ORGANIZATION IS ACCOMPLISHING THIS THROUGH THE NEW MARKETS CREDIT PROGRAM.

  • To acquire, develop, and lease a youth development center and dance studio in Atlanta, Georgia. The organization is accomplishing this through the New Markets Tax Credit program.

    Expenses $434,409 · Revenue $316,500

As filed on the 2023 return.

Listed in Part VII

  • Dale Royal

    President

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Helen Cease

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erin Forestner

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Wehner

    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.

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
15 January 2026
IRS schema version
2023v6.0
Source object
202640289349300214

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.