Form 990 for tax year 2022
Filed by ONE CITY BROADWAY LLC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 9 May 2024. matched by us Only the Part I totals and the names listed in Part VII 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
- $13,454,566 changed to $583,863
- Total expenses
- $12,063,959 changed to $435,579
- Contributions and grants received
- $13,454,566 changed to $318,057
- Grants paid
- $11,734,931 changed to $0
- Program service revenue
- $0 changed to $110,000
- Other revenue
- $0 changed to $155,806
- Total assets, end of year
- $23,296,078 changed to $21,565,957
- Total liabilities, end of year
- $21,905,471 changed to $20,027,066
- Net assets or fund balances, end of year
- $1,390,607 changed to $1,538,891
- Program services expenses
- $11,887,621 changed to $285,352
- Management and general expenses
- $166,796 changed to $134,358
- Fundraising expenses
- $9,542 changed to $15,869
- Program service expenses (Part III)
- $11,887,621 changed to $285,352
Listed only on the earlier return
- JOSEPH LEE
Listed only on the later return
- DAVID AGUAYO
- MIKE HANSON
- SUI-NAE STROMAN
Listed under a different title
- CATHERINE ZDEBLICK: DIRECTOR then DIRECTOR (THRU DEC)
- SALLI MARTYNIAK: DIRECTOR then DIRECTOR (THRU DEC)
- TOYA PEDRACINE-STEWART: DIRECTOR then DIRECTOR (THRU MAY)
- WAJIHA AKHTAR-KHALEEL PHD: DIRECTOR then DIRECTOR (THRU DEC)
Totals
- Total revenue
- $13,454,566
- Total expenses
- $12,063,959
- Contributions and grants received
- $13,454,566
- Grants paid
- $11,734,931
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $23,296,078
- Total liabilities, end of year
- $21,905,471
- Net assets or fund balances, end of year
- $1,390,607
- Program services expenses (Part IX)
- $11,887,621
- Management and general expenses
- $166,796
- Fundraising expenses
- $9,542
- Program service expenses (Part III)
- $11,887,621
Program services were 98.5% 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
$13,454,566
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,734,931 · program services $11,734,931
-
11b · Fees: legal
total $91,920 · management and general $91,920
-
11g · Fees: other
total $5,000 · management and general $5,000
-
13 · Office expenses
total $11,013 · management and general $11,013
-
16 · Occupancy
total $153,143 · program services $105,762 · management and general $40,772 · fundraising $6,609
-
23 · Insurance
total $67,952 · program services $46,928 · management and general $18,091 · fundraising $2,933
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $6,301,536
-
4 · Accounts receivable
end of year $10,000
-
9 · Prepaid expenses and deferred charges
end of year $22,651
-
10a · Land, buildings and equipment: cost or other basis
$15,785,382
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $15,785,382
-
15 · Other assets
beginning of year $0 · end of year $1,176,509
-
17 · Accounts payable and accrued expenses
end of year $2,760,071
-
23 · Secured mortgages and notes payable
end of year $19,070,000
-
25 · Other liabilities
beginning of year $0 · end of year $75,400
-
27 · Net assets without donor restrictions
end of year $1,390,607
Mission and programs · 2022
Mission
NONE
Activities or mission (Part I)
REAL ESTATE HOLDING COMPANY FOR SOLE BENEFIT OF ONE CITY SCHOOLS, INC., A 501(C)(3) ORGANIZATION.
-
ONE CITY BROADWAY, INC. HOLDS TITLE TO COMMERCIAL RENTAL PROPERTY THAT PROVIDES SPACE FOR THE ELEMENTARY SCHOOL AND FUTURE SECONDARY SCHOOL.
Expenses $11,887,621 · Grants $11,734,931
As filed on the 2022 return.
Listed in Part VII
-
NOBLE WRAY
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOSEPH KRUPP
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CAROLA GAINES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TORREY JAECKLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WAJIHA AKHTAR-KHALEEL PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GORDON DERZON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT KLUG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GLORIA LADSON-BILLINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SALLI MARTYNIAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TOYA PEDRACINE-STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CATHERINE ZDEBLICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOSEPH LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL KALEEM CAIRE
FOUNDER AND CEO
- Total calculated
- $146,084
- From this org
- $0
- From related orgs
- $132,575
- Other
- $13,509
- Hours/week
- 1 + 40 related
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
-
ONE CITY SCHOOLS FOUNDATION INC
$11,734,931
GENERAL PURPOSE
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.
-
501(C)(3) · TO PROVIDE HIGH QUALITY LEARNING OPPORTUNITIES FOR CHILDREN BIRTH TO AGE 6. · WI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321359349308012
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