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Nonprofiteer
← MAUMELLE FOUNDATION FOR EDUCATION INC

Form 990 for tax year 2025

Filed by MAUMELLE FOUNDATION FOR EDUCATION INC.

Totals

Total revenue
$2,038,384
Total expenses
$1,623,391
Contributions and grants received
$15,900
Grants paid
$23,200
Program service revenue
$0
Investment income
$86,459
Other revenue
$1,936,025
Total assets, end of year
$24,947,423
Total liabilities, end of year
$21,080,334
Net assets or fund balances, end of year
$3,867,089
Program services expenses (Part IX)
$1,623,391
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,623,391

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.

  • 1f · All other contributions, gifts and grants

    $15,900

  • 3 · Investment income

    total $86,459 · related or exempt $86,459

  • 6a · Gross rents

    real property $1,936,025

  • 6c · Rental income or loss

    real property $1,936,025

  • 6d · Net rental income or loss

    total $1,936,025 · related or exempt $1,936,025

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $23,200 · program services $23,200

  • 11c · Fees: accounting

    total $4,596 · program services $4,596

  • 11g · Fees: other

    total $2,000 · program services $2,000

  • 12 · Advertising and promotion

    total $455 · program services $455

  • 13 · Office expenses

    total $2,579 · program services $2,579

  • 20 · Interest

    total $845,851 · program services $845,851

  • 22 · Depreciation, depletion and amortization

    total $702,285 · program services $702,285

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $1,686 · program services $1,686

  • 24b · Other expenses: BANK CHARGES

    total $34,300 · program services $34,300

  • 24c · Other expenses: ATHLETIC SPONSORSHIP

    total $3,850 · program services $3,850

  • 24e · All other expenses

    total $2,589 · program services $2,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,866,582 · end of year $2,983,906

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

    $28,124,657

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

    $6,506,949

  • 10c · Land, buildings and equipment, net

    beginning of year $22,296,066 · end of year $21,617,708

  • 14 · Intangible assets

    beginning of year $369,736 · end of year $345,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $288 · end of year $334

  • 23 · Secured mortgages and notes payable

    beginning of year $21,730,000 · end of year $20,730,000

  • 25 · Other liabilities

    beginning of year $350,000 · end of year $350,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,853,974 · end of year $3,202,662

  • 28 · Net assets with donor restrictions

    beginning of year $598,122 · end of year $664,427

Mission and programs · 2025

Mission

OPERATING EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ACADEMICS PLUS CHARTER SCHOOL INC

  • OPERATING EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF ACADEMICS PLUS CHARTER SCHOOL INC.

    Expenses $1,623,391 · Revenue $2,033,997

As filed on the 2025 return.

Listed in Part VII

  • Jess Sweere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Richard Ribich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Sean Hagan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Justin Simpson

    TREASURER

    Total calculated
    $0
    Hours/week
    3

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
2025
Filed
13 February 2026
IRS schema version
2025v4.0
Source object
202600779349301230

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