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← TERRA SCIENCE AND EDUCATION INC

Form 990 for tax year 2023

Filed by TERRA SCIENCE AND EDUCATION INC.

Totals

Total revenue
$3,010,279
Total expenses
$2,515,291
Contributions and grants received
$16,773
Grants paid
$0
Program service revenue
$2,992,897
Investment income
$609
Other revenue
$0
Total assets, end of year
$10,454,556
Total liabilities, end of year
$4,269,504
Net assets or fund balances, end of year
$6,185,052
Program services expenses (Part IX)
$2,190,987
Management and general expenses
$324,304
Fundraising expenses
$0
Program service expenses (Part III)
$2,190,987

Program services were 87.1% 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

    $16,773

  • 2a · Program service revenue: RENTAL OF BUILDING

    total $2,133,857 · related or exempt $2,133,857

  • 2b · Program service revenue: EDUCATIONAL SERVICES

    total $859,040 · related or exempt $859,040

  • 3 · Investment income

    total $609 · related or exempt $609

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $233,669 · program services $210,302 · management and general $23,367

  • 10 · Payroll taxes

    total $97,474 · program services $87,727 · management and general $9,747

  • 11b · Fees: legal

    total $778 · program services $778

  • 11c · Fees: accounting

    total $11,495 · program services $11,495

  • 13 · Office expenses

    total $21,080 · management and general $21,080

  • 14 · Information technology

    total $4,640 · program services $4,640

  • 16 · Occupancy

    total $181,999 · management and general $181,999

  • 17 · Travel

    total $49,109 · program services $49,109

  • 20 · Interest

    total $34,318 · program services $34,318

  • 22 · Depreciation, depletion and amortization

    total $391,077 · program services $351,969 · management and general $39,108

  • 23 · Insurance

    total $124,641 · program services $112,177 · management and general $12,464

  • 24a · Other expenses: OTHER PROGRAM COSTS

    total $1,072,697 · program services $1,072,697

  • 24b · Other expenses: SCHOLARSHIPS

    total $231,914 · program services $231,914

  • 24c · Other expenses: MISCELLANEOUS COSTS

    total $25,573 · management and general $25,573

  • 24d · Other expenses: GENIUS MARKETING

    total $23,193 · program services $23,193

  • 24e · All other expenses

    total $11,634 · program services $668 · management and general $10,966

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $541,211 · end of year $467,264

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

    $12,069,563

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

    $2,088,271

  • 10c · Land, buildings and equipment, net

    beginning of year $10,269,046 · end of year $9,981,292

  • 15 · Other assets

    beginning of year $0 · end of year $6,000

  • 23 · Secured mortgages and notes payable

    beginning of year $4,890,416 · end of year $4,039,727

  • 25 · Other liabilities

    beginning of year $229,777 · end of year $229,777

  • 27 · Net assets without donor restrictions

    beginning of year $5,690,064 · end of year $6,185,052

Mission and programs · 2023

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 $2,190,987

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

Listed in Part VII

  • Dr Fehmi Damkaci

    PRESIDENT

    Total calculated
    $0
    Hours/week
    26

  • Dr Nigar Altindis

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr 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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202422569349301207

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