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Nonprofiteer
← COLOGNE ACADEMY BUILDING COMPANY

Form 990 for tax year 2023

Filed by COLOGNE ACADEMY BUILDING COMPANY.

Totals

Total revenue
$1,121,376
Total expenses
$955,188
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,041,622
Investment income
$79,754
Other revenue
$0
Total assets, end of year
$12,767,276
Total liabilities, end of year
$12,781,913
Net assets or fund balances, end of year
-$14,637
Program services expenses (Part IX)
$933,912
Management and general expenses
$21,276
Fundraising expenses
$0
Program service expenses (Part III)
$933,912

Program services were 97.8% 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.

  • 2a · Program service revenue: RENT INCOME

    total $1,041,622 · related or exempt $1,041,622

  • 3 · Investment income

    total $79,754 · excluded $79,754

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $21,276 · management and general $21,276

  • 20 · Interest

    total $616,443 · program services $616,443

  • 22 · Depreciation, depletion and amortization

    total $274,408 · program services $274,408

  • 23 · Insurance

    total $43,061 · program services $43,061

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,007,997 · end of year $2,158,256

  • 4 · Accounts receivable

    beginning of year $42,705 · end of year $26,235

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

    $12,885,275

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

    $2,302,490

  • 10c · Land, buildings and equipment, net

    beginning of year $10,868,886 · end of year $10,582,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,052 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,781,183 · end of year $12,451,975

  • 25 · Other liabilities

    beginning of year $325,693 · end of year $329,938

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$325,693 · end of year -$329,938

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

    beginning of year -$778,547 · end of year -$762,497

  • 31 · Retained earnings, endowment or other funds

    beginning of year $915,900 · end of year $1,077,798

Mission and programs · 2023

Mission

COLOGNE ACADEMY BUILDING COMPANY'S MISSION IS TO DESIGN AND IMPLEMENT COLOGNE ACADEMY'S STRATEGIES RELATED TO FACILITIES.

Activities or mission (Part I)

TO DESIGN AND IMPLEMENT COLOGNE ACADEMY'S STRATEGIES RELATED TO FACILITIES.

  • STARTED IN 2014, COLOGNE ACADEMY BUILDING COMPANY ISSUED BONDS ($14.3 MILLION) FOR THE PURCHASE OF THE EXISTING BUILDING AND THE CONSTRUCTION OF A 33,000 SQUARE FOOT ADDITION.

    Expenses $933,912 · Revenue $1,041,622

As filed on the 2023 return.

Listed in Part VII

  • Jamie Degen

    TREASURER/SUBSTITUTE TEACH

    Total calculated
    $1,786
    From this org
    $0
    From related orgs
    $1,645
    Other
    $141
    Hours/week
    2 + 0.5 related

  • Tamra Kielty

    CHAIR/TEACHER

    Total calculated
    $93,350
    From this org
    $0
    From related orgs
    $85,201
    Other
    $8,149
    Hours/week
    2 + 40 related

  • Helen Suhr

    SECRETARY/TEACHER

    Total calculated
    $82,660
    From this org
    $0
    From related orgs
    $70,066
    Other
    $12,594
    Hours/week
    2 + 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

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.

  • COLOGNE ACADEMY

    501(C)(3) · EDUCATION · MN

  • COLOGNE ACADEMY PAVE COMMITTEE

    501(C)(3) · TO PROMOTE PARENT INVOLVEMENT WITH STUDENT ACTIVITIES · MN

    Directly controlled by COLOGNE ACADEMY

  • COLOGNE STARS BUILDING COMPANY

    501(C)(3) · BUILDING COMPANY · MN

    Directly controlled by COLOGNE ACADEMY

Provenance

Return type
form_990
Tax year
2023
Filed
20 March 2025
IRS schema version
2023v6.0
Source object
202500809349301500

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