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Nonprofiteer
← URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION

Form 990 for tax year 2023

Filed by URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION.

Totals

Total revenue
$690,219
Total expenses
$1,062,505
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$219
Other revenue
$690,000
Total assets, end of year
$24,684,080
Total liabilities, end of year
$15,070,610
Net assets or fund balances, end of year
$9,613,470
Program services expenses (Part IX)
$966,879
Management and general expenses
$95,626
Fundraising expenses
$0
Program service expenses (Part III)
$966,879

Program services were 91.0% 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.

  • 3 · Investment income

    total $219 · excluded $219

  • 6a · Gross rents

    real property $690,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $690,000

  • 6d · Net rental income or loss

    total $690,000 · related or exempt $690,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $30,000 · program services $27,300 · management and general $2,700

  • 11c · Fees: accounting

    total $29,939 · program services $27,244 · management and general $2,695

  • 20 · Interest

    total $143,500 · program services $130,585 · management and general $12,915

  • 22 · Depreciation, depletion and amortization

    total $859,066 · program services $781,750 · management and general $77,316

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $301,041 · end of year $223,863

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

    $32,713,931

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

    $8,253,714

  • 10c · Land, buildings and equipment, net

    beginning of year $25,319,282 · end of year $24,460,217

  • 23 · Secured mortgages and notes payable

    beginning of year $14,350,000 · end of year $14,350,000

  • 25 · Other liabilities

    beginning of year $1,284,567 · end of year $720,610

  • 27 · Net assets without donor restrictions

    beginning of year $9,985,756 · end of year $9,613,470

Mission and programs · 2023

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF, TO MAKE ITS ASSETS AVAILABLE TO OR FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSES OF THE URBAN COMMUNITY SCHOOL.

Activities or mission (Part I)

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE URBAN COMMUNITY SCHOOL.

  • TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, OR RELIGIOUS PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES EXCLUSIVELY FOR THE BENEFIT OF, TO MAKE ITS ASSETS AVAILABLE TO OR FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND TO CARRY OUT THE PURPOSES OF THE URBAN COMMUNITY SCHOOL

    Expenses $966,879

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph K Juster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William R Koehler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Molly Schroeder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard H Zucca

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Frantz Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas S Gill

    PRESIDENT

    Total calculated
    $249,491
    From this org
    $0
    From related orgs
    $238,727
    Other
    $10,764
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,727 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,764 related
    Filer's total
    $0 + $249,491 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UCS PROPERTY LLC

    TO HOLD THE PROPERTY OF THE URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION · OH · income $141 · assets $10,202,210

    Directly controlled by THE URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION

  • UCS PROPERTY II LLC

    TO HOLD THE PROPERTY OF THE URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION · OH · income $690,071 · assets $14,481,869

    Directly controlled by THE URBAN COMMUNITY SCHOOL PROPERTY FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202520799349300107

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