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Nonprofiteer
← ACADEMIE LAFAYETTE REAL ESTATE HOLDINGS INC

Form 990 for tax year 2024

Filed by ACADEMIE LAFAYETTE REAL ESTATE HOLDINGS INC.

Totals

Total revenue
$6,973,000
Total expenses
$306,481
Contributions and grants received
$6,860,000
Grants paid
$0
Program service revenue
$113,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,957,479
Total liabilities, end of year
$21,869
Net assets or fund balances, end of year
$5,935,610
Program services expenses (Part IX)
$272,215
Management and general expenses
$34,266
Fundraising expenses
$0
Program service expenses (Part III)
$272,215

Program services were 88.8% 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.

  • 1e · Government grants (contributions)

    $6,860,000

  • 2a · Program service revenue: RENTAL INCOME

    total $113,000 · related or exempt $113,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $32,051 · management and general $32,051

  • 11c · Fees: accounting

    total $2,215 · management and general $2,215

  • 20 · Interest

    total $107,198 · program services $107,198

  • 22 · Depreciation, depletion and amortization

    total $165,017 · program services $165,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,119 · end of year $54,339

  • 7 · Other notes and loans receivable

    beginning of year $22,600

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

    $6,960,148

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

    $1,057,008

  • 10c · Land, buildings and equipment, net

    beginning of year $6,068,157 · end of year $5,903,140

  • 17 · Accounts payable and accrued expenses

    end of year $21,869

  • 23 · Secured mortgages and notes payable

    beginning of year $6,860,000

  • 27 · Net assets without donor restrictions

    beginning of year -$733,124 · end of year $5,935,610

Mission and programs · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO DEVELOP, CONSTRUCT, REHABILITATE, LEASE, OPERATE, FINANCE, AND MANAGE ACADEMIC FACILITIES.

Activities or mission (Part I)

THE PURPOSE OF THE COMPANY IS TO DEVELOP, CONSTRUCT, REHABILITATE, LEASE, OPERATE, FINANCE, AND MANAGE ACADEMIC FACILITIES. THE COMPANY IS FORMED ONLY FOR SUCH BUSINESS PURPOSES AND WILL NOT BE DEEMED TO CREATE ANY AGREEMENT AMONG MEMBERS WITH RESPECT TO ANY OTHER ACTIVITIES WHATSOEVER OTHER THAN THE ACTIVITIES WITHIN SUCH BUSINESS PURPOSE. THE COMPANY SHALL HAVE THE POWER TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH A LIMITED LIABILITY COMPANY MAY BE ORGANIZED UNDER THE MO LIMITED LIABILITY ACT. THE COMPANY SHALL HAVE THE AUTHORITY TO DO ALL THINGS NECESSARY OR CONVENIENT TO ACCOMPLISH THESE PURPOSES AND OPERATE ITS BUSINESS AS DESCRIBED HEREIN.

  • TO DEVELOP, CONSTRUCT, REHABILITATE, LEASE, OPERATE, FINANCE, AND MANAGE ACADEMIC FACILITIES FOR ACADEMIE LAFAYETTE.

    Expenses $272,215 · Revenue $113,000

As filed on the 2024 return.

Listed in Part VII

  • James Michael Bland

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Beth McCarthy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Harriet Plowman

    VICE PRESIDE

    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.

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
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202611329349305461

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