Totals
- Total revenue
- $1,234,370
- Total expenses
- $253,544
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $56,000
- Investment income
- $1,178,370
- Other revenue
- $0
- Total assets, end of year
- $415,522
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $415,522
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
2a · Program service revenue: RENTAL INCOME
total $56,000 · related or exempt $56,000
-
7a · Gross sales of assets other than inventory
other assets $3,200,000
-
7b · Less cost or other basis and sales expenses
other assets $2,021,630
-
7c · Gain or loss
other assets $1,178,370
-
7d · Net gain or loss
total $1,178,370 · related or exempt $1,178,370
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $14,937
-
11c · Fees: accounting
total $3,292
-
20 · Interest
total $15,310
-
22 · Depreciation, depletion and amortization
total $55,519
-
23 · Insurance
total $6,904
-
24a · Other expenses: COMMISION ON SALE
total $128,000
-
24b · Other expenses: REAL ESTATE TAXES
total $17,379
-
24c · Other expenses: MANAGEMENT FEES
total $6,500
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $5,703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,216 · end of year $812
-
4 · Accounts receivable
beginning of year $49,000
-
10c · Land, buildings and equipment, net
beginning of year $2,077,050
-
15 · Other assets
end of year $414,710
-
17 · Accounts payable and accrued expenses
beginning of year $2,208,641
-
23 · Secured mortgages and notes payable
beginning of year $488,929
-
27 · Net assets without donor restrictions
beginning of year -$565,304 · end of year $415,522
Mission and programs · 2024
Mission
HOLD TITLE AND LEASE RENTAL REAL ESTATE FOR THE BENEFIT OF THE PARENT CORPORATION, EAST BAY EDUCATION COLLABORATIVE (EBEC).
-
HOLD TITLE AND LEASE RENTAL REAL ESTATE FOR THE BENEFIT OF THE PARENT CORPORATION, EAST BAY EDUCATION COLLABORATIVE (EBEC).
As filed on the 2024 return.
Listed in Part VII
-
Thomas KenworthyTHOMAS KENWORTHY
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
William NiemeyerWILLIAM NIEMEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colleen JermainCOLLEEN JERMAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert WargoROBERT WARGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter SanchioniPETER SANCHIONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie Dias-MitchellLAURIE DIAS-MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ana RileyANA RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra ForandSANDRA FORAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna OttavianoDONNA OTTAVIANO
EXECUTIVE DI
- Total calculated
- $114,870
- From this org
- $0
- From related orgs
- $107,451
- Other
- $7,419
- Hours/week
- 1
-
Karen CorrKAREN CORR
BUSINESS MAN
- Total calculated
- $151,326
- From this org
- $0
- From related orgs
- $131,629
- Other
- $19,697
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $131,629 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $19,697 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $151,326 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. 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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
-
EAST BAY EDUCATIONAL COLLABORATIVE
501C3 · EDUCATION · RI
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
EAST BAY EDUCATION COLLABORTIVE
$2,600,000
Disposition · CASH · Mar 4, 2025
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533149349303148
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