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← CUMORAH ACADEMY

Form 990 for tax year 2022

Filed by CUMORAH ACADEMY.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,374,000 changed to $2,463,457
Total expenses
$38,029 changed to $1,377,362
Contributions and grants received
$17,000 changed to $1,103,342
Program service revenue
$0 changed to $3,115
Total assets, end of year
$6,353,393 changed to $4,985,358
Total liabilities, end of year
$3,207 changed to $35,513
Net assets or fund balances, end of year
$6,350,186 changed to $4,949,845
Program services expenses
$33,781 changed to $1,296,327
Management and general expenses
$4,248 changed to $81,035
Program service expenses (Part III)
$33,781 changed to $1,296,327

Totals

Total revenue
$2,463,457
Total expenses
$1,377,362
Contributions and grants received
$1,103,342
Grants paid
$0
Program service revenue
$3,115
Investment income
$1,357,000
Other revenue
$0
Total assets, end of year
$4,985,358
Total liabilities, end of year
$35,513
Net assets or fund balances, end of year
$4,949,845
Program services expenses (Part IX)
$1,296,327
Management and general expenses
$81,035
Fundraising expenses
$0
Program service expenses (Part III)
$1,296,327

Program services were 94.1% 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

    $1,103,342

  • 2a · Program service revenue: FEES/TUITION

    total $3,115 · related or exempt $3,115

  • 3 · Investment income

    total $1,357,000 · excluded $1,357,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,780 · program services $6,381 · management and general $399

  • 11g · Fees: other

    total $1,045,236 · program services $983,741 · management and general $61,495

  • 12 · Advertising and promotion

    total $35,807 · program services $33,700 · management and general $2,107

  • 13 · Office expenses

    total $9,365 · program services $8,814 · management and general $551

  • 17 · Travel

    total $47,626 · program services $44,824 · management and general $2,802

  • 24a · Other expenses: OTHER OPERATIONAL EXPEN

    total $227,405 · program services $214,027 · management and general $13,378

  • 24b · Other expenses: EVENT RENTALS

    total $5,143 · program services $4,840 · management and general $303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,046 · end of year $150,364

  • 13 · Investments: program-related

    beginning of year $3,912,717 · end of year $4,834,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,013 · end of year $35,013

  • 25 · Other liabilities

    beginning of year $17,000 · end of year $500

  • 27 · Net assets without donor restrictions

    beginning of year $3,863,750 · end of year $4,949,845

Mission and programs · 2022

Mission

TO ASSIST INDIVIDUALS IN THEIR DESIRE TO FOLLOW JESUS CHRIST AND POSITIVELY IMPACT THEIR LIVES, CAREERS, HOMES & COMMUNITIES. TO ACCOMPLISH THIS WE: GATHER FAITHFUL DISCIPLES OF JESUS CHRIST AND LIKE-MINDED INDIVIDUALS, EMPOWER THEM WITH THE KNOWLEDGE, SKILLS & ATTRIBUTES THAT RESULT IN LASTING HAPPINESS, PREPARE THEM TO BE LEADERS IN THEIR FAMILIES, THE CHURCH, THEIR PROFESSIONS & THEIR COMMUNITIES.

Activities or mission (Part I)

TO ASSIST INDIVIDUALS IN THEIR DESIRE TO FOLLOW JESUS CHRIST AND POSITIVELY IMPACT THEIR LIVES, CAREERS, HOMES & COMMUNITIES. TO ACCOMPLISH THIS WE: GATHER FAITHFUL DISCIPLES OF JESUS CHRIST AND LIKE-MINDED INDIVIDUALS, EMPOWER THEM WITH THE KNOWLEDGE, SKILLS & ATTRIBUTES THAT RESULT IN LASTING HAPPINESS, PREPARE THEM TO BE LEADERS IN THEIR FAMILIES, THE CHURCH, THEIR PROFESSIONS & THEIR COMMUNITIES

  • CUMORAH ACADEMY PROVIDES RELIGIOUS AND AGRICULTURAL EDUCATION IN THE CZECH REPUBLIC FOR 18-33 YEAR OLDS AT NO COST TO THE STUDENTS.

    Expenses $1,296,327 · Revenue $3,115

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allyse Sedivy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Jason Plant

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jan Pohorelicky

    SECRETARY

    Total calculated
    $0
    Hours/week
    40

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CROWN RESORT & SPA SRO

    C · FACILITIES MANAGEMENT · EZ · 100% owned · share of income $37,904 · share of assets $1,546,557

    Directly controlled by CUMORAH ACADEMY

  • CROWN RESORT & SPA MANAGEMENT SRO

    C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income $989,559 · share of assets $1,419,825

    Directly controlled by CUMORAH ACADEMY

  • RBA CZECH REPUBLIC SRO

    C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income $41,415 · share of assets $3,941,001

    Directly controlled by CUMORAH ACADEMY

  • ARC INTERNATIONAL HOLDINGS LIMITED

    C · SALES · HK · 100% owned · share of income $1,531,636 · share of assets $668,491

    Directly controlled by CUMORAH ACADEMY

  • CUMORAH HOLDINGS AS

    C · OPERATIONAL OVERSIGHT OF EDUCATIONAL SERVICES · EZ · 100% owned · share of assets $1,006,922

    Directly controlled by CUMORAH ACADEMY

  • CUMORAH SERVICES

    C · EDUCATIONAL SERVICES · EZ · 100% owned · share of income $153,156 · share of assets $61,940

    Directly controlled by CUMORAH ACADEMY

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2024
IRS schema version
2022v5.0
Source object
202412439349300226

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