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Nonprofiteer
← HIAWATHA ABC

Form 990 for tax year 2023

Filed by HIAWATHA ABC.

Totals

Total revenue
$1,303,310
Total expenses
$1,463,657
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,225,728
Investment income
$77,582
Other revenue
$0
Total assets, end of year
$14,126,327
Total liabilities, end of year
$17,206,526
Net assets or fund balances, end of year
-$3,080,199
Program services expenses (Part IX)
$1,463,657
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,463,657

Program services were 100.0% 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: SCHOOL BUILDING RENT

    total $1,225,728 · related or exempt $1,225,728

  • 3 · Investment income

    total $77,582 · excluded $77,582

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,358 · program services $4,358

  • 11g · Fees: other

    total $12,552 · program services $12,552

  • 20 · Interest

    total $870,599 · program services $870,599

  • 22 · Depreciation, depletion and amortization

    total $447,298 · program services $447,298

  • 23 · Insurance

    total $89,230 · program services $89,230

  • 24a · Other expenses: EQUIPMENT RENTAL AND MA

    total $33,330 · program services $33,330

  • 24b · Other expenses: LICENSE & FEES

    total $6,290 · program services $6,290

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,848,613 · end of year $2,080,969

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

    $15,485,365

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

    $3,520,880

  • 10c · Land, buildings and equipment, net

    beginning of year $12,054,123 · end of year $11,964,485

  • 15 · Other assets

    beginning of year $80,873 · end of year $80,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $433,334 · end of year $437,075

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,241,665 · end of year $16,092,372

  • 25 · Other liabilities

    beginning of year $228,462 · end of year $677,079

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$2,919,852 · end of year -$3,080,199

Mission and programs · 2023

Mission

TO SUPPORT HIAWATHA ACADEMIES IN PARTICULAR TO PURCHASE, OWN, AND/OR CONSTRUCT A PUBLIC SCHOOLHOUSE, FOR LEASE TO THE SCHOOL, ON REAL ESTATE OWNED BY THE ORGANIZATION.

Activities or mission (Part I)

TO PURCHASE, OWN, AND/OR CONSTRUCT A PUBLIC SCHOOLHOUSE, FOR LEASE TO HIAWATHA ACADEMIES.

  • OWN AND LEASE BUILDING TO HIAWATHA ACADEMIES.

    Expenses $1,463,657 · Revenue $1,225,728

As filed on the 2023 return.

Listed in Part VII

  • John Wodele

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alberto Monserrate

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Bartholomew

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 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

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
13 May 2025
IRS schema version
2023v6.0
Source object
202531349349311473

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