Form 990 for tax year 2022
Filed by SHINING ROCK CLASSICAL ACADEMY HOLDINGS.
Totals
- Total revenue
- $341,003
- Total expenses
- $3,232,309
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $276,632
- Investment income
- $64,368
- Other revenue
- $3
- Total assets, end of year
- $18,093,037
- Total liabilities, end of year
- $20,984,343
- Net assets or fund balances, end of year
- -$2,891,306
- Program services expenses (Part IX)
- $3,232,309
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,232,309
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-SRCA
total $276,632 · related or exempt $276,632
-
3 · Investment income
total $64,368 · related or exempt $64,368
-
11a · Other revenue: MISCELLANEOUS
total $3 · related or exempt $3
-
11e · Other revenue, total
$3
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $1,017,208 · program services $1,017,208
-
21 · Payments to affiliates
total $150,561 · program services $150,561
-
22 · Depreciation, depletion and amortization
total $482,258 · program services $482,258
-
24a · Other expenses: BUILDING PURCHASE
total $1,194,777 · program services $1,194,777
-
24b · Other expenses: COST OF ISSUANCE
total $380,803 · program services $380,803
-
24c · Other expenses: BUSINESS SERVICE EXPENSE
total $6,702 · program services $6,702
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,566,703
-
10a · Land, buildings and equipment: cost or other basis
$16,998,515
-
10b · Land, buildings and equipment: accumulated depreciation
$472,181
-
10c · Land, buildings and equipment, net
end of year $16,526,334
-
17 · Accounts payable and accrued expenses
end of year $6,702
-
20 · Tax-exempt bond liabilities
end of year $19,327,641
-
23 · Secured mortgages and notes payable
end of year $1,650,000
-
27 · Net assets without donor restrictions
end of year -$2,891,306
Mission and programs · 2022
Mission
THE MISSION OF SRCA HOLDINGS IS TO PRESERVE THE FIDUCIARY RESPONSIBILITIES OF SHINING ROCK CLASSICAL ACADEMY.
-
THE MISSION OF SRCA HOLDINGS IS TO PRESERVE THE FIDUCIARY RESPONSIBILITIES OF SHINING ROCK CLASSICAL ACADEMY.
Expenses $3,232,309
As filed on the 2022 return.
Listed in Part VII
-
SANDY BRANTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHANNON CARLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRANK LAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NATALIE MALIS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
SHANE MESSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BERT NEWSOME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ABBIE WILKINS
DIRECTOR
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422009349300207
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