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Nonprofiteer
← AMANA ACADEMY FOUNDATION INC

Form 990 for tax year 2024

Filed by AMANA ACADEMY FOUNDATION INC.

Totals

Total revenue
$89,421
Total expenses
$607,146
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$89,421
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,409,051
Total liabilities, end of year
$5,807,376
Net assets or fund balances, end of year
-$398,325
Program services expenses (Part IX)
$607,146
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$607,146

Program services were 100.0% 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: RENTAL INCOME

    total $89,421 · related or exempt $89,421

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $384,972 · program services $384,972

  • 22 · Depreciation, depletion and amortization

    total $174,951 · program services $174,951

  • 24a · Other expenses: FACILITY EXPENSES

    total $47,223 · program services $47,223

Balance sheet

Part X, book values.

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

    $5,564,577

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

    $174,951

  • 10c · Land, buildings and equipment, net

    beginning of year $5,504,594 · end of year $5,389,626

  • 14 · Intangible assets

    end of year $9,425

  • 15 · Other assets

    beginning of year $0 · end of year $10,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,905

  • 23 · Secured mortgages and notes payable

    beginning of year $4,224,507 · end of year $5,807,376

  • 25 · Other liabilities

    beginning of year $1,137,782 · end of year $0

  • 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 $119,400 · end of year -$398,325

Mission and programs · 2024

Mission

THE FOUNDATION HELPS TO SECURE FUNDING, SUPPORT THE SCHOOL'S MISSION, AND CONNECT THE SCHOOL WITH THE COMMUNITY.

Activities or mission (Part I)

TO SUPPORT AMANA ACADEMY THROUGH FUNDRAISING, PARTNERSHIPS, AND VOLUNTEER ACTIVITIES.

  • THE FOUNDATION HELPS TO SECURE FUNDING, SUPPORT THE SCHOOL'S MISSION, AND CONNECT THE SCHOOL WITH THE COMMUNITY.

    Expenses $607,146 · Revenue $89,421

As filed on the 2024 return.

Listed in Part VII

  • Christina Lennon

    FOUNDATION BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marshall Chalmers

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Sherman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Suheb Siddiqui

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Errol Williams

    TREASURER

    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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202611339349306666

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