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← LOGOSWORKS PROPERTIES

Form 990 for tax year 2023

Filed by LOGOSWORKS PROPERTIES.

Totals

Total revenue
$287,773
Total expenses
$485,830
Contributions and grants received
$140,173
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$147,600
Total assets, end of year
$9,718,960
Total liabilities, end of year
$8,307,685
Net assets or fund balances, end of year
$1,411,275
Program services expenses (Part IX)
$436,405
Management and general expenses
$49,425
Fundraising expenses
$0
Program service expenses (Part III)
$436,405

Program services were 89.8% 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.

  • 1d · Related organizations

    $140,173

  • 6a · Gross rents

    real property $147,600

  • 6c · Rental income or loss

    real property $147,600

  • 6d · Net rental income or loss

    total $147,600 · excluded $147,600

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,675 · management and general $1,675

  • 13 · Office expenses

    total $47,750 · management and general $47,750

  • 20 · Interest

    total $117,150 · program services $117,150

  • 21 · Payments to affiliates

    total $73,680 · program services $73,680

  • 22 · Depreciation, depletion and amortization

    total $245,575 · program services $245,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $673,684 · end of year $272,203

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

    $9,937,479

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

    $490,722

  • 10c · Land, buildings and equipment, net

    beginning of year $9,671,523 · end of year $9,446,757

  • 17 · Accounts payable and accrued expenses

    beginning of year $233,594

  • 23 · Secured mortgages and notes payable

    beginning of year $8,289,055 · end of year $8,307,685

  • 25 · Other liabilities

    beginning of year $213,226

  • 27 · Net assets without donor restrictions

    beginning of year $1,609,332 · end of year $1,411,275

Mission and programs · 2023

Mission

LOGOSWORKS PROPERTIES EXISTS AS PART OF A SOCIAL ENTERPRISE STRUCTURE THAT PROVIDES OPPORTUNITY IN THE NEXT ECONOMY, EMBODYING THE CHRISTIAN CALL TO SEEK PEACE AND PROSPERITY BY DEVELOPING AND MAINTAINING FACILITIES TO BE LEVERAGED BY STRATEGIC SERVICE PARTNERS.

  • LOGOSWORKS PROPERTIES EXISTS AS PART OF A SOCIAL ENTERPRISE STRUCTURE THAT PROVIDES OPPORTUNITY IN THE NEXT ECONOMY, EMBODYING THE CHRISTIAN CALL TO SEEK PEACE AND PROSPERITY BY DEVELOPING AND MAINTAINING FACILITIES TO BE LEVERAGED BY STRATEGIC SERVICE PARTNERS.

    Expenses $436,405

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aaron J Anderson

    CEO

    Total calculated
    $220,695
    From this org
    $0
    From related orgs
    $117,672
    Other
    $103,023
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    not reported + $117,672 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $19,594 related
    Nontaxable benefits
    not reported + $83,429 related
    Filer's total
    not reported + $220,695 related

  • Jim Reeb

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kervin Myer

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
23 April 2025
IRS schema version
2023v6.0
Source object
202531159349301703

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