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Nonprofiteer
← A SPACE TO SOAR INC

Form 990 for tax year 2022

Filed by A SPACE TO SOAR INC.

Totals

Total revenue
$87,031
Total expenses
$108,549
Contributions and grants received
$15,000
Grants paid
$0
Program service revenue
$72,000
Investment income
$31
Other revenue
$0
Total assets, end of year
$8,469,138
Total liabilities, end of year
$8,330,000
Net assets or fund balances, end of year
$139,138
Program services expenses (Part IX)
$101,222
Management and general expenses
$7,327
Fundraising expenses
$0
Program service expenses (Part III)
$101,222

Program services were 93.3% 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.

  • 1f · All other contributions, gifts and grants

    $15,000

  • 2a · Program service revenue: LEASE INCOME

    total $72,000 · related or exempt $72,000

  • 3 · Investment income

    total $31 · unrelated business $31

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,675 · program services $9,675

  • 11c · Fees: accounting

    total $7,163 · management and general $7,163

  • 13 · Office expenses

    total $164 · management and general $164

  • 20 · Interest

    total $91,547 · program services $91,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,718 · end of year $100,144

  • 4 · Accounts receivable

    beginning of year $605,250 · end of year $605,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,051 · end of year $1,051

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

    $8,016,066

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

    $751,889

  • 10c · Land, buildings and equipment, net

    beginning of year $7,264,177 · end of year $7,264,177

  • 15 · Other assets

    beginning of year $498,516 · end of year $498,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,056

  • 25 · Other liabilities

    beginning of year $8,330,000 · end of year $8,330,000

  • 27 · Net assets without donor restrictions

    beginning of year $160,656 · end of year $139,138

Mission and programs · 2022

Mission

TO ACQUIRE, DEVELOP, AND LEASE A DANCE STUDIO AND COMMUNITY CENTER IN ATLANTA.

  • TO ACQUIRE, DEVELOP, AND LEASE A DANCE STUDIO AND COMMUNITY CENTER IN ATLANTA.

    Expenses $101,222 · Revenue $72,000

As filed on the 2022 return.

Listed in Part VII

  • Pam Wuichet

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.19

  • Chris McCord

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.19

  • Genene Stewart

    MEMBER

    Total calculated
    $0
    Hours/week
    0.19

  • Dale Royal

    TREASURER

    Total calculated
    $0
    Hours/week
    0.19 + 50 related

  • Helen Cease

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.19 + 0.23 related

  • JD Scott

    MEMBER

    Total calculated
    $0
    Hours/week
    0.19

  • Jim Wehner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.19

  • Erin Forestner

    MEMBER

    Total calculated
    $0
    Hours/week
    0.19

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
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431319349301223

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