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← ALPINE EDUCATION SERVICES

Form 990 for tax year 2023

Filed by ALPINE EDUCATION SERVICES.

Totals

Total revenue
$16,289,257
Total expenses
$15,733,336
Contributions and grants received
$229,596
Grants paid
$1,063,000
Program service revenue
$6,142,807
Investment income
$578,465
Other revenue
$9,338,389
Total assets, end of year
$108,147,190
Total liabilities, end of year
$111,379,826
Net assets or fund balances, end of year
-$3,232,636
Program services expenses (Part IX)
$15,199,763
Management and general expenses
$533,573
Fundraising expenses
$0
Program service expenses (Part III)
$15,199,763

Program services were 96.6% 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.

  • 1e · Government grants (contributions)

    $223,596

  • 1f · All other contributions, gifts and grants

    $6,000

  • 2a · Program service revenue: AFTER SCHOOL REVENUE

    total $3,567,863 · related or exempt $3,567,863

  • 2b · Program service revenue: TEACHERS NOW

    total $1,827,540 · related or exempt $1,827,540

  • 2c · Program service revenue: TUTORIAL SERVICES

    total $672,404 · related or exempt $672,404

  • 2d · Program service revenue: EARLY CHILDHOOD SERVICES

    total $75,000 · related or exempt $75,000

  • 3 · Investment income

    total $578,465 · related or exempt $578,465

  • 6a · Gross rents

    real property $9,338,389

  • 6c · Rental income or loss

    real property $9,338,389

  • 6d · Net rental income or loss

    total $9,338,389 · related or exempt $9,338,389

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,063,000 · program services $1,063,000

  • 5 · Compensation of officers, directors and key employees

    total $124,432 · program services $124,432

  • 7 · Other salaries and wages

    total $4,668,950 · program services $4,668,950

  • 9 · Other employee benefits

    total $53,887 · program services $53,887

  • 10 · Payroll taxes

    total $446,606 · program services $446,606

  • 11b · Fees: legal

    total $116,644 · management and general $116,644

  • 11c · Fees: accounting

    total $35,850 · management and general $35,850

  • 11g · Fees: other

    total $119,443 · program services $83,783 · management and general $35,660

  • 12 · Advertising and promotion

    total $192,832 · program services $192,832

  • 13 · Office expenses

    total $244,600 · program services $230,794 · management and general $13,806

  • 16 · Occupancy

    total $5,225 · program services $5,225

  • 20 · Interest

    total $4,951,231 · program services $4,951,231

  • 23 · Insurance

    total $109,735 · management and general $109,735

  • 24a · Other expenses: INVEST. PROPERTY DEPRECIA

    total $2,622,074 · program services $2,622,074

  • 24b · Other expenses: DEBT FEES

    total $424,522 · program services $424,522

  • 24c · Other expenses: LEASE EXPENSE

    total $181,442 · management and general $181,442

  • 24d · Other expenses: PAYROLL PROCESSING

    total $92,540 · program services $92,540

  • 24e · All other expenses

    total $280,323 · program services $239,887 · management and general $40,436

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,828,298 · end of year $1,544,463

  • 2 · Savings and temporary cash investments

    beginning of year $10,878,408 · end of year $10,955,071

  • 4 · Accounts receivable

    beginning of year $504,264 · end of year $298,358

  • 7 · Other notes and loans receivable

    beginning of year $66,478 · end of year $33,977

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

    $110,638,472

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

    $16,062,892

  • 10c · Land, buildings and equipment, net

    beginning of year $97,177,594 · end of year $94,575,580

  • 15 · Other assets

    beginning of year $871,520 · end of year $739,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $733,059 · end of year $210,400

  • 20 · Tax-exempt bond liabilities

    beginning of year $109,842,438 · end of year $107,458,603

  • 23 · Secured mortgages and notes payable

    beginning of year $2,052,642 · end of year $1,390,908

  • 25 · Other liabilities

    beginning of year $2,486,980 · end of year $2,319,915

  • 27 · Net assets without donor restrictions

    beginning of year -$3,788,557 · end of year -$3,232,636

Mission and programs · 2023

Mission

THE MISSION OF THE ALPINE EDUCATION SERVICES IS TO ESTABLISH PROACTIVE PARTNERSHIPS AMONG EDUCATIONAL INSTITUTIONS, PHILANTHROPIC ORGANIZATIONS, THE PRIVATE SECTOR AND THE COMMUNITIES WE SERVE TO LINK RESOURCES WITH STUDENTS EDUCATIONAL NEEDS THROUGH SCHOLARSHIPS, CLASSROOM GRANTS AND OTHER EDUCATIONAL ENDEAVORS.

  • DEVELOPMENT AND LEASE OF CHARTER SCHOOL PROPERTIES. PROVIDE CLASSROOM SUBSTITUTES, TUTORIAL SERVICES, AND AFTER SCHOOL SERVICES.

    Expenses $15,199,763 · Grants $1,063,000 · Revenue $6,142,807

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

Listed in Part VII

  • Dr Eugene T Eski

    CEO

    Total calculated
    $124,432
    From this org
    $124,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Edward Demirci

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brandon Okafor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Aaron Unal

    SECRETARY

    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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349313894

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