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Nonprofiteer
← 29 ACRES INC

Form 990 for tax year 2023

Filed by 29 ACRES INC.

Totals

Total revenue
$7,910,673
Total expenses
$7,373,187
Contributions and grants received
$2,077,273
Grants paid
$0
Program service revenue
$5,676,021
Investment income
$185,396
Other revenue
-$28,017
Total assets, end of year
$17,399,996
Total liabilities, end of year
$8,470,971
Net assets or fund balances, end of year
$8,929,025
Program services expenses (Part IX)
$6,231,585
Management and general expenses
$962,700
Fundraising expenses
$178,902
Program service expenses (Part III)
$6,231,585

Program services were 84.5% 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.

  • 1c · Fundraising events

    $650,541

  • 1e · Government grants (contributions)

    $544,072

  • 1f · All other contributions, gifts and grants

    $882,660

  • 1g · Noncash contributions included above

    $37,000

  • 2a · Program service revenue: TUITION

    total $4,512,186 · related or exempt $4,512,186

  • 2b · Program service revenue: COMMUNITY FEES

    total $1,163,835 · related or exempt $1,163,835

  • 3 · Investment income

    total $170,645 · excluded $170,645

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $9,720

  • 6c · Rental income or loss

    real property $9,720 · personal property $0

  • 6d · Net rental income or loss

    total $9,720 · excluded $9,720

  • 7a · Gross sales of assets other than inventory

    securities $14,751

  • 7c · Gain or loss

    securities $14,751

  • 7d · Net gain or loss

    total $14,751 · excluded $14,751

  • 8a · Fundraising events: gross income

    $94,501

  • 8a · Fundraising events: contributions included on line 1c

    $650,541

  • 8b · Fundraising events: direct expenses

    $201,746

  • 8c · Net income from fundraising events

    total -$107,245 · excluded -$107,245

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $69,508 · related or exempt $69,508

  • 11e · Other revenue, total

    $69,508

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $185,452 · management and general $185,452

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,124,257 · program services $3,951,148 · management and general $82,718 · fundraising $90,391

  • 8 · Pension plan contributions

    total $12,544 · program services $9,601 · management and general $2,943

  • 9 · Other employee benefits

    total $244,801 · program services $220,245 · management and general $24,216 · fundraising $340

  • 10 · Payroll taxes

    total $350,478 · program services $321,852 · management and general $21,553 · fundraising $7,073

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $9,985 · program services $6,485 · management and general $3,500

  • 11c · Fees: accounting

    total $43,875 · management and general $43,875

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $35,475 · fundraising $35,475

  • 11f · Fees: investment management

    total $2,800 · management and general $2,279 · fundraising $521

  • 11g · Fees: other

    total $189,670 · program services $21,355 · management and general $168,315

  • 12 · Advertising and promotion

    total $9,797 · management and general $9,326 · fundraising $471

  • 13 · Office expenses

    total $116,231 · program services $28,540 · management and general $74,182 · fundraising $13,509

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $567,011 · program services $562,975 · management and general $2,177 · fundraising $1,859

  • 17 · Travel

    total $178,113 · program services $176,875 · management and general $1,238

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $275,765 · management and general $275,765

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $524,334 · program services $495,071 · fundraising $29,263

  • 23 · Insurance

    total $42,402 · program services $27,955 · management and general $14,447

  • 24a · Other expenses: PROGRAM EXPENSE

    total $272,762 · program services $251,761 · management and general $21,001

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $168,001 · program services $143,978 · management and general $24,023

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $18,267 · program services $13,564 · management and general $4,703

  • 24d · Other expenses: DUES AND SUBSCRIPTION

    total $1,167 · program services $180 · management and general $987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,067 · end of year $146,975

  • 2 · Savings and temporary cash investments

    beginning of year $670,578 · end of year $267,980

  • 3 · Pledges and grants receivable

    beginning of year $3,928,262 · end of year $2,995,776

  • 4 · Accounts receivable

    beginning of year $553,008 · end of year $528,309

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,387 · end of year $36,878

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

    $11,221,516

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

    $1,605,553

  • 10c · Land, buildings and equipment, net

    beginning of year $9,845,526 · end of year $9,615,963

  • 11 · Investments: publicly traded securities

    beginning of year $993,443 · end of year $3,487,275

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $178,992 · end of year $320,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $907,578 · end of year $1,278,862

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $318,866 · end of year $352,275

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,838,030 · end of year $6,643,715

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $163,677 · end of year $196,119

  • 27 · Net assets without donor restrictions

    beginning of year $4,215,345 · end of year $5,883,313

  • 28 · Net assets with donor restrictions

    beginning of year $4,042,767 · end of year $3,045,712

Mission and programs · 2023

Mission

TO ELEVATE THE QUALITY OF LIFE FOR ADULTS WITH AUTISM SPECTRUM DISORDER BY CREATING A DYNAMIC HOUSING COMMUNTY ENRICHED WITH CUSTOMIZED PROGRAMMING WHERE EVERY PERSON WILL BE EMPOWERED TO LIVE WITH PURPOSE AND JOY.

Activities or mission (Part I)

TO ELEVATE THE QUALITY OF LIFE FOR ADULTS WITH AUTISM SPECTRUM DISORDER BY CREATING A DYNAMIC HOUSING COMMUNTY ENRICHED WITH CUSTOMIZED PROGRAMMING WHERE EVERY PERSON WILL BE EMPOWE

  • THE ACTIVITIES ARE TRANSITION ACADEMY, ENRICH SERVICES AND LIVING COMMUNITY

    Expenses $6,231,585 · Revenue $5,745,529

As filed on the 2023 return.

Listed in Part VII

  • Morgan McKay

    COO

    Total calculated
    $130,194
    From this org
    $128,769
    From related orgs
    $0
    Other
    $1,425
    Hours/week
    40

  • Debra Caudy

    CEO

    Total calculated
    $68,887
    From this org
    $56,683
    From related orgs
    $0
    Other
    $12,204
    Hours/week
    15 + 5 related

  • Douglas J Bartek

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Robin Hibbitts

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Peter Yeeda

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Carl Soderstrom

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • John Gentry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rick Prewitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Laura Schieber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • John Foley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Mitchell Basson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Nika Arastoupour

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Brigitte Fox MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jeremy B Pettit

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE STUDIOS AT 29 LLC

    C · VOCATIONAL SVCS · TX · 100% owned · share of income $34,591 · share of assets $0 · controlled entity

    Directly controlled by 29 ACRES INC

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.1
Source object
202423209349326292

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