Totals
- Total revenue
- $1,740,218
- Total expenses
- $1,937,061
- Contributions and grants received
- $946,645
- Grants paid
- $0
- Program service revenue
- $790,143
- Investment income
- -$4,269
- Other revenue
- $7,699
- Total assets, end of year
- $6,040,539
- Total liabilities, end of year
- $59,374
- Net assets or fund balances, end of year
- $5,981,165
- Program services expenses (Part IX)
- $1,778,164
- Management and general expenses
- $156,894
- Fundraising expenses
- $2,003
- Program service expenses (Part III)
- $1,778,164
Program services were 91.8% 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)
$136,351
-
1f · All other contributions, gifts and grants
$810,294
-
1g · Noncash contributions included above
$3,756
-
2a · Program service revenue: Academy
total $51,335 · related or exempt $51,335
-
2b · Program service revenue: Other Program Income
total $7,452 · related or exempt $7,452
-
2c · Program service revenue: Workforce Development
total $731,356 · related or exempt $731,356
-
3 · Investment income
total $218 · related or exempt $218
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $5,828
-
6c · Rental income or loss
real property $5,828
-
6d · Net rental income or loss
total $5,828 · related or exempt $5,828
-
7a · Gross sales of assets other than inventory
securities $132,541 · other assets $60,405
-
7b · Less cost or other basis and sales expenses
securities $141,303 · other assets $56,130
-
7c · Gain or loss
securities -$8,762 · other assets $4,275
-
7d · Net gain or loss
total -$4,487 · related or exempt -$4,487
-
8a · Fundraising events: gross income
$1,871
-
8c · Net income from fundraising events
total $1,871
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $81,200 · program services $60,900 · management and general $20,300
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $234,152 · program services $175,614 · management and general $58,538
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $12,041 · management and general $12,041
-
10 · Payroll taxes
total $25,140 · program services $18,855 · management and general $6,285
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,370 · management and general $11,370
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $11,299 · program services $10,169 · fundraising $1,130
-
13 · Office expenses
total $8,416 · program services $6,312 · management and general $2,104
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $40,553 · program services $30,415 · management and general $10,138
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $56,981 · program services $42,736 · management and general $14,245
-
23 · Insurance
total $13,292 · program services $10,120 · management and general $3,172
-
24a · Other expenses: Third Street Academy
total $581,362 · program services $581,362
-
24b · Other expenses: Third Street Landscape Svcs.
total $482,087 · program services $482,087
-
24c · Other expenses: Third Street Auto Detailing
total $194,054 · program services $194,054
-
24d · Other expenses: Third Street Catering
total $116,135 · program services $116,135
-
24e · All other expenses
total $68,979 · program services $49,405 · management and general $18,701 · fundraising $873
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $392,944 · end of year $130,590
-
2 · Savings and temporary cash investments
beginning of year $141,303 · end of year $284,015
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $64,086 · end of year $46,558
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $41,200
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$5,860,872
-
10b · Land, buildings and equipment: accumulated depreciation
$330,575
-
10c · Land, buildings and equipment, net
beginning of year $5,603,649 · end of year $5,530,297
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $34,078 · end of year $7,879
-
17 · Accounts payable and accrued expenses
beginning of year $14,347 · end of year $3,108
-
25 · Other liabilities
beginning of year $43,705 · end of year $56,266
-
27 · Net assets without donor restrictions
beginning of year $6,159,058 · end of year $5,917,165
-
28 · Net assets with donor restrictions
beginning of year $18,950 · end of year $64,000
Mission and programs · 2022
Mission
Third Street Education Center, Inc. endeavors to help with community transformation and to cultivate trusted community relationships so that residents of West Greenville will enjoy a safe, secure, and creative environment in which there will be less crime; strong families with active and invested fathers and mothers; community leaders who are developed and empowered; availability for ongoing educational opportunities; and partnerships with churches inside and outside the neighborhood along with other agencies and the city government.
-
The organization conducted various Business and Workforce Development programs designed to provide employment and vocational training for individuals who may typically be difficult to employ. These programs are designed to reduce unemployment, reduce recidivism, and increase small business ownership amongst program participants.Business and Workforce Development programs in 2022 included Auto Detailing Services, Catering Services, and Landscaping Services.
Expenses $792,276 · Revenue $731,356
-
The organization operated Third Street Academy, a private Christian school for Pre-K to 5th grade boys which focuses on character development, spiritual formation, and high academic standards. The programs goal is to develop smart, intelligent young men who become loving fathers, committed husbands, and active leaders in the community.
Expenses $581,362 · Revenue $51,335
-
The organization hosted various outreach events and community activities that promoted its mission and furthered its exempt purpose.
Expenses $404,526
As filed on the 2022 return.
Listed in Part VII
-
Robert Wynn
Executive Director
- Total calculated
- $81,200
- From this org
- $81,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Robert A Moloney
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Meridith B Rizzuti
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Herdman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Charlie Langley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ravi Paul
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wendy Peterson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Rizzuti
Director
- Total calculated
- $0
- Hours/week
- 1
-
Walter Strathy
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
- 20 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321719349301202
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