Form 990 for tax year 2022
Filed by TERRA SCIENCE AND EDUCATION INC.
Totals
- Total revenue
- $2,549,244
- Total expenses
- $1,467,271
- Contributions and grants received
- $536,154
- Grants paid
- $0
- Program service revenue
- $2,011,874
- Investment income
- $547
- Other revenue
- $669
- Total assets, end of year
- $10,810,257
- Total liabilities, end of year
- $5,120,193
- Net assets or fund balances, end of year
- $5,690,064
- Program services expenses (Part IX)
- $1,293,104
- Management and general expenses
- $174,167
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,293,104
Program services were 88.1% 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.
-
1f · All other contributions, gifts and grants
$536,154
-
2a · Program service revenue: RENTAL OF BUILDING
total $1,800,496 · related or exempt $1,800,496
-
2b · Program service revenue: EDUCATIONAL SERVICES
total $211,378 · related or exempt $211,378
-
3 · Investment income
total $547 · related or exempt $547
-
11a · Other revenue: OTHER INCOME
total $669 · related or exempt $669
-
11e · Other revenue, total
$669
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $53,300 · program services $53,300
-
6 · Compensation of disqualified persons
total $208,184 · program services $182,036 · management and general $26,148
-
10 · Payroll taxes
total $86,320 · program services $77,688 · management and general $8,632
-
11b · Fees: legal
total $1,018 · program services $1,018
-
11c · Fees: accounting
total $11,500 · program services $11,500
-
13 · Office expenses
total $7,354 · management and general $7,354
-
14 · Information technology
total $6,312 · program services $6,312
-
16 · Occupancy
total $49,655 · management and general $49,655
-
17 · Travel
total $13,345 · program services $13,345
-
20 · Interest
total $95,984 · program services $95,984
-
22 · Depreciation, depletion and amortization
total $302,258 · program services $272,032 · management and general $30,226
-
23 · Insurance
total $81,640 · program services $73,476 · management and general $8,164
-
24a · Other expenses: OTHER PROGRAM COSTS
total $315,539 · program services $315,539
-
24b · Other expenses: SCHOLARSHIPS
total $178,434 · program services $178,434
-
24c · Other expenses: MISCELLANEOUS COSTS
total $30,300 · management and general $30,300
-
24d · Other expenses: GENIUS MARKETING
total $10,011 · program services $10,011
-
24e · All other expenses
total $16,117 · program services $2,429 · management and general $13,688
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $497,245 · end of year $541,211
-
10a · Land, buildings and equipment: cost or other basis
$11,966,240
-
10b · Land, buildings and equipment: accumulated depreciation
$1,697,194
-
10c · Land, buildings and equipment, net
beginning of year $5,852,353 · end of year $10,269,046
-
23 · Secured mortgages and notes payable
beginning of year $1,583,131 · end of year $4,890,416
-
25 · Other liabilities
beginning of year $158,376 · end of year $229,777
-
27 · Net assets without donor restrictions
beginning of year $4,608,091 · end of year $5,690,064
Mission and programs · 2022
Mission
TERRA SCIENCE AND EDUCATION CORPORATION IS A NON-PROFIT, EDUCATIONAL ORGANIZATION PROMOTING SCIENCE AND TECHNOLOGY AT THE SECONDARY AND POST-SECONDARY LEVELS. IT PROVIDES SCIENTIFIC EDUCATION, EDUCATIONAL SUPPORT, AND SERVICES FOSTERING LEARNING AND ACADEMIC EXCELLENCE BY WORKING WITH SCIENTISTS AND EDUCATORS.
Activities or mission (Part I)
TERRA SCIENCE AND EDUCATION, INC. IS A NON-PROFIT, EDUCATIONAL ORGANIZATION PROMOTING SCIENCE AND TECHNOLOGY EDUCATION AT THE SECONDARY AND POST-SECONDARY LEVELS, BY PROVIDING SCIENTIFIC AND EDUCATIONAL SUPPORT SERVICES FOSTERING LEARNING AND ACADEMIC EXCELLENCE, BY WORKING WITH SCIENTISTS AND EDUCATORS.
-
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROMOTE SCIENCE AND TECHNOLOGY EDUCATION AT THE SECONDARY AND POST-SECONDARY LEVELS BY PROVIDING SCIENTIFIC AND EDUCATIONAL SUPPORT AND SERVICES FOSTERING LEARNING AND ACADEMIC EXCELLENCE BY WORKING WITH SCIENTISTS AND EDUCATORS.
Expenses $1,293,104
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Fehmi DamkaciDR FEHMI DAMKACI
PRESIDENT
- Total calculated
- $53,300
- From this org
- $53,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 26
-
Dr Nigar AltindisDR NIGAR ALTINDIS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Birol OzturkDR BIROL OZTURK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
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.
-
SYRACUSE ACADEMY OF SCIENCE CHARTER SCHOOL
501 (C)(3) · EDUCATIONAL PURPOSES · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332449349301108
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