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Nonprofiteer
← THE LAWSON ACADEMY REAL ESTATE CO

Form 990 for tax year 2023

Filed by THE LAWSON ACADEMY REAL ESTATE CO.

Totals

Total revenue
$260,000
Total expenses
$496,732
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$260,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,892,703
Total liabilities, end of year
$10,454,849
Net assets or fund balances, end of year
-$562,146
Program services expenses (Part IX)
$496,732
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$496,732

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 REVENUE

    total $260,000 · related or exempt $260,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $53,751 · program services $53,751

  • 20 · Interest

    total $57,978 · program services $57,978

  • 22 · Depreciation, depletion and amortization

    total $212,781 · program services $212,781

  • 24a · Other expenses: INTERCOMPANY REV/EXP

    total $171,943 · program services $171,943

  • 24b · Other expenses: BANK SERVICE FEES

    total $279 · program services $279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,067 · end of year $70,826

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

    $11,349,803

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

    $1,527,926

  • 10c · Land, buildings and equipment, net

    beginning of year $10,034,658 · end of year $9,821,877

  • 23 · Secured mortgages and notes payable

    beginning of year $10,435,000 · end of year $10,435,000

  • 25 · Other liabilities

    beginning of year $34,139 · end of year $19,849

  • 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 -$325,414 · end of year -$562,146

Mission and programs · 2023

Mission

THE LAWSON ACADEMY REAL ESTATE CO. (THE "CORPORATION") IS ORGANIZED EXCLUSIVELY FOR SUCH CHARITABLE, EDUCATIONAL AND LITERARY PURPOSES AS WILL QUALIFY IT AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("THE CODE") OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW. SPECIFICALLY, THE CORPORATION (I) WILL OPERATE AS A SUPPORTING ORGANIZATION, WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE, TO WILLIAM A. LAWSON INSTITUTE FOR PEACE AND PROSPERITY ("WALIPP), AND (II) IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF WALIPP. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO WALIPP FOR USE IN FUTHERANCE OF THE CHARITABLE PURPOSES OF WALIPP.

Activities or mission (Part I)

THE LAWSON ACADEMY REAL ESTATE CO., A TEXAS NONPROFIT CORPORATION (THE ORGANIZATION") HAS BEEN ORGANIZED FOR THE BENEFIT OF WILLIAM A. LAWSON INSTITUTE OF PEACE AND PROSPERITY, A TEXAS NONPROFIT CORPORATION ("WALIPP"). THE ORGANIZATION INTENDS TO BE A SUPPORTING ORGANIZATION TO WALIPP UNDER SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). IT IS OPERATED, SUPERVISED AND CONTROLLED BY WALIPP. THE ORGANIZATION'S OPERATIONS ARE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, TO SUPPORT, AND TO CARRY OUT THE PURPOSES OF WALIPP, PROVIDED THAT WALIPP CONTINUES TO BE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE AT THE TIME OF ANY GIVEN DISTRIBUTION TO OR ON BEHALF THEREOF.

  • THE LAWSON ACADEMY REAL ESTATE CO. OPERATES AS A SUPPORTING ORGANIZATION, WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE, TO WILLIAM A. LAWSON INSTITUTE FOR PEACE AND PROSPERITY ("WALIPP") AND IS ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF WALIPP. SUCH PURPOSES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ACQUISITION AND LEASING OF REAL OR PERSONAL PROPERTY, OR BOTH, AND SUBJECT TO THE RESTRICTIONS AND LIMITATIONS HEREINAFTER SET FORTH, THE LEASING OF SUCH PROPERTY TO WALIPP FOR USE IN FURTHERANCE OF THE CHARITABLE PURPOSES OF WALIPP.

    Expenses $496,732 · Revenue $260,000

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

Listed in Part VII

  • Mary Ramos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.15

  • Chavon Carr

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.15

  • Terrence Frederick

    TREASURER

    Total calculated
    $0
    Hours/week
    1.15

  • Vernon Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.15

  • Rachonner Lillie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.15

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
20 December 2024
IRS schema version
2023v5.1
Source object
202423559349300407

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