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Nonprofiteer
← LAFAYETTE APPRENTICESHIP BUILDING COMPANY LLC

Form 990 for tax year 2023

Filed by LAFAYETTE APPRENTICESHIP BUILDING COMPANY LLC.

Totals

Total revenue
$180,201
Total expenses
$131,677
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$180,000
Investment income
$37
Other revenue
$164
Total assets, end of year
$1,356,312
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,356,312
Program services expenses (Part IX)
$131,677
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$131,677

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: RENTAL INCOME

    total $180,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $37 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $164 · related or exempt $164 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $164

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,900 · program services $3,900 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,132 · program services $2,132 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,170 · program services $1,170 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $2,853 · program services $2,853 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $48,826 · program services $48,826 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,330 · program services $7,330 · management and general $0 · fundraising $0

  • 24a · Other expenses: TELEPHONE EXPENSE

    total $7,589 · program services $7,589 · management and general $0 · fundraising $0

  • 24b · Other expenses: REPAIRS AND MAINTENCE

    total $7,632 · program services $7,632 · management and general $0 · fundraising $0

  • 24c · Other expenses: UTILITIES

    total $28,706 · program services $28,706 · management and general $0 · fundraising $0

  • 24d · Other expenses: CLEANING EXPENSE

    total $18,752 · program services $18,752 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,787 · program services $2,787 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $365,954 · end of year $463,304

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

    $1,925,676

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

    $1,032,668

  • 10c · Land, buildings and equipment, net

    beginning of year $1,903,664 · end of year $893,008

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,269,618 · end of year $1,356,312

Mission and programs · 2023

Mission

PROVIDING FACILITIES TO NOT-FOR-PROFIT ORGANIZATIONS

  • THE ORGANIZATION PROVIDES AND MAINTAINS THE BUILDING THAT IS UTILIZED 100 % FOR EDUCATIONAL PURPOSES. THE BUILDING PROVIDES EDUCATIONAL CLASSROOMS AND LABS THE FOR THE EDUCATION AND TRAINING OF STUDENTS ON THE CAMPUS OF IVY TECH COMMUNITY COLLEGE FOR THE FIELDS 0F STUDY IN THE ELECTRICAL AND CARPENTRY CONSTRUCTION TRADES.

    Expenses $131,677 · Revenue $180,000

As filed on the 2023 return.

Listed in Part VII

  • Rick Petry

    PROPERTY MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jon Huston

    BUSINESS MANAGER/DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mark Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jeremie Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Mark Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jeremie Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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
18 October 2024
IRS schema version
2023v5.1
Source object
202423039349301647

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