Skip to content
Nonprofiteer
← ALMA DEL MAR FOUNDATION INC

Form 990 for tax year 2022

Filed by ALMA DEL MAR FOUNDATION INC.

Totals

Total revenue
$6,395,833
Total expenses
$5,442,946
Contributions and grants received
$324,552
Grants paid
$0
Program service revenue
$1,514,191
Investment income
$89,940
Other revenue
$4,467,150
Total assets, end of year
$36,964,321
Total liabilities, end of year
$29,354,894
Net assets or fund balances, end of year
$7,609,427
Program services expenses (Part IX)
$5,419,458
Management and general expenses
$23,488
Fundraising expenses
$0
Program service expenses (Part III)
$5,419,458

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $324,552

  • 2a · Program service revenue: RENT & FACILITIES INCO

    total $1,514,191 · related or exempt $1,514,191

  • 3 · Investment income

    total $89,940 · related or exempt $89,940

  • 11a · Other revenue: NEW MARKET FINANCING U

    total $4,467,150 · related or exempt $4,467,150

  • 11e · Other revenue, total

    $4,467,150

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $23,488 · management and general $23,488

  • 20 · Interest

    total $1,021,934 · program services $1,021,934

  • 22 · Depreciation, depletion and amortization

    total $1,048,045 · program services $1,048,045

  • 24a · Other expenses: DEFERRED RENT FORGIVENE

    total $2,878,283 · program services $2,878,283

  • 24b · Other expenses: CONTRIBUTIONS TO SCHOOL

    total $298,027 · program services $298,027

  • 24c · Other expenses: LOSS ON DISPOSAL

    total $165,649 · program services $165,649

  • 24d · Other expenses: MISCELLANEOUS

    total $7,520 · program services $7,520

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $804,710 · end of year $2,729,671

  • 3 · Pledges and grants receivable

    beginning of year $98,200 · end of year $20,000

  • 7 · Other notes and loans receivable

    beginning of year $10,042,850 · end of year $0

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

    $38,298,521

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

    $4,031,235

  • 10c · Land, buildings and equipment, net

    beginning of year $22,797,393 · end of year $34,267,286

  • 15 · Other assets

    beginning of year $1,978,954 · end of year -$52,636

  • 17 · Accounts payable and accrued expenses

    beginning of year $284,237 · end of year $1,000

  • 23 · Secured mortgages and notes payable

    beginning of year $29,870,293 · end of year $29,353,894

  • 27 · Net assets without donor restrictions

    beginning of year $4,708,112 · end of year $4,989,205

  • 28 · Net assets with donor restrictions

    beginning of year $859,465 · end of year $2,620,222

Mission and programs · 2022

Mission

THE FOUNDATION'S PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE IN ORDER TO FURTHER THE EDUCATIONAL GOALS OF THE ALMA DEL MAR CHARTER SCHOOL LOCATED IN NEW BEDFORD, MA.

  • THE FOUNDATION RAISED FUNDS TO BENEFIT THE PROGRAMS OF ALMA DEL MAR CHARTER SCHOOL.

    Expenses $5,419,458 · Revenue $1,838,743

As filed on the 2022 return.

Listed in Part VII

  • Will Gardner

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Edward Haddad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bronwen Cunningham

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Martha Kay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Roger Cabral

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Prentiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Priscilla Ditchfield

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jan Baptist

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

  • ALMA DEL MAR CHARTER SCHOOL

    SECTION 115 · CHARTER PUBLIC SCHOOL FOR KINDERGARTEN THROUGH 8TH GRADE · MA

  • ALMA QALICB

    501(C)(3) · DEVELOP AND LEASE A SCHOOL BUILDING TO ALMA DEL MAR CHARTER SCHOOL · MA

  • ALMA QALICB II INC

    501(C)(3) · TO SUPPORT THE ACTIVITIES OF THE ALMA DEL MAR CHARTER SCHOOL · MA

Provenance

Return type
form_990
Tax year
2022
Filed
29 April 2024
IRS schema version
2022v5.0
Source object
202421319349300942

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.