Form 990 for tax year 2024
Filed by LINTON-STOCKTON HIGH SCHOOL BUILDING CORPORATION.
Totals
- Total revenue
- $1,545,424
- Total expenses
- $251,946
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $6,824
- Other revenue
- $1,538,600
- Total assets, end of year
- $24,809,390
- Total liabilities, end of year
- $7,580,452
- Net assets or fund balances, end of year
- $17,228,938
- Program services expenses (Part IX)
- $251,946
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $251,946
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.
-
3 · Investment income
total $6,824 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $1,538,600
-
6c · Rental income or loss
real property $1,538,600
-
6d · Net rental income or loss
total $1,538,600 · related or exempt $1,538,600
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $1,225 · program services $1,225 · management and general $0 · fundraising $0
-
20 · Interest
total $238,954 · program services $238,954 · management and general $0 · fundraising $0
-
24a · Other expenses: AMORIZATION-BOND ISSUE COSTS
total $11,767 · program services $11,767 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $330,102 · end of year $1,215,347
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $23,605,810 · end of year $23,594,043
-
20 · Tax-exempt bond liabilities
beginning of year $8,000,452 · end of year $7,580,452
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $15,935,460 · end of year $17,228,938
Mission and programs · 2024
Mission
TO ACQUIRE A SITE APPROPRIATE FOR A SCHOOL BUILDING, ERECT A SUITABLE BUILDING, AND LEASE SUCH HIGH SCHOOL BUILDING TO SCHOOL CORPORATION.
-
IN ADDITION TO ABOVE EXEMPT PURPOSE, THE CORPORATION ISSUED AND SOLD BONDS TO FINANCE THE CONSTRUCTION
Expenses $251,946 · Revenue $1,545,424
As filed on the 2024 return.
Listed in Part VII
-
JIM JACKSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
TOM PAFFORD
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
DOUG ROSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
JOHN PREBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
HARRY HUBER
DIRECTOR
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541339349309329
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