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Nonprofiteer
← DAVINCI ACADEMY ABC

Form 990 for tax year 2022

Filed by DAVINCI ACADEMY ABC.

Totals

Total revenue
$1,842,667
Total expenses
$1,691,872
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,764,753
Investment income
$77,914
Other revenue
$0
Total assets, end of year
$22,707,238
Total liabilities, end of year
$25,311,078
Net assets or fund balances, end of year
-$2,603,840
Program services expenses (Part IX)
$1,691,872
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,691,872

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: Rent

    total $1,764,753 · related or exempt $1,764,753

  • 3 · Investment income

    total $77,914 · related or exempt $77,914

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $24,542 · program services $24,542

  • 20 · Interest

    total $1,176,146 · program services $1,176,146

  • 22 · Depreciation, depletion and amortization

    total $491,184 · program services $491,184

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,149,781 · end of year $3,265,781

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

    $21,897,377

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

    $2,455,920

  • 10c · Land, buildings and equipment, net

    beginning of year $19,932,641 · end of year $19,441,457

  • 20 · Tax-exempt bond liabilities

    beginning of year $25,227,306 · end of year $24,713,702

  • 25 · Other liabilities

    beginning of year $609,751 · end of year $597,376

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,149,781 · end of year $3,265,781

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

    beginning of year -$5,904,416 · end of year -$5,869,621

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The mission of the DaVinci Academy ABC is to support DaVinci Academy of Arts and Science by providing rental facilities for the property that will be used by the school.

Activities or mission (Part I)

To support DaVinci Academy of Arts and Science by providing rental facitilies.

  • The corporation is organized and shall be operated exclusively in support of DaVinci Academy of Arts and Science, and in particular, to purchase, own and construct a public schoolhouse on real estate for lease to DaVinci Academy of Arts and Science.

    Expenses $1,691,872 · Revenue $1,842,667

As filed on the 2022 return.

Listed in Part VII

  • Terry Moffatt

    Clerk

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Ross Meisner

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Dale Lieb

    Chair

    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.

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
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431359349306828

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