What the amendment changed
Compared with the return it replaced , filed 31 January 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $7,340,620 changed to $4,184,105
- Contributions and grants received
- $3,156,512 changed to $1,438,206
- Other revenue
- $3,670,310 changed to $2,232,101
- Total assets, end of year
- $16,480,445 changed to $14,161,295
- Net assets or fund balances, end of year
- $10,637,306 changed to $8,318,156
Totals
- Total revenue
- $4,184,105
- Total expenses
- $4,629,573
- Contributions and grants received
- $1,438,206
- Grants paid
- $0
- Program service revenue
- $513,798
- Investment income
- $0
- Other revenue
- $2,232,101
- Total assets, end of year
- $14,161,295
- Total liabilities, end of year
- $5,843,139
- Net assets or fund balances, end of year
- $8,318,156
- Program services expenses (Part IX)
- $1,772,899
- Management and general expenses
- $2,299,498
- Fundraising expenses
- $557,176
- Program service expenses (Part III)
- $1,772,899
Program services were 38.3% 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
$1,438,206
-
2a · Program service revenue: Tuition & Fees
total $406,171 · related or exempt $406,171
-
2b · Program service revenue: Food Service
total $95,452 · related or exempt $95,452
-
2c · Program service revenue: Faculty Housing
total $12,175 · related or exempt $12,175
-
11a · Other revenue: Miscellaneous
total $2,232,101 · related or exempt $2,232,101
-
11e · Other revenue, total
$2,232,101
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $176,000 · program services $176,000
-
7 · Other salaries and wages
total $2,344,268 · program services $965,938 · management and general $1,067,479 · fundraising $310,851
-
9 · Other employee benefits
total $125,475 · program services $55,991 · management and general $60,261 · fundraising $9,223
-
10 · Payroll taxes
total $214,976 · program services $111,157 · management and general $81,849 · fundraising $21,970
-
11c · Fees: accounting
total $144,227 · management and general $144,227
-
11f · Fees: investment management
total $21,003 · management and general $21,003
-
11g · Fees: other
total $388,936 · program services $16,368 · management and general $160,944 · fundraising $211,624
-
16 · Occupancy
total $263,280 · program services $191,256 · management and general $72,024
-
20 · Interest
total $16,097 · management and general $16,097
-
22 · Depreciation, depletion and amortization
total $414,868 · management and general $414,868
-
23 · Insurance
total $192,927 · program services $346 · management and general $192,581
-
24a · Other expenses: Supplies
total $257,412 · program services $212,345 · management and general $45,067
-
24b · Other expenses: Cofferences, Coventions
total $121,291 · program services $23,963 · management and general $95,865 · fundraising $1,463
-
24c · Other expenses: Maintenance & Repairs
total $117,692 · program services $2,016 · management and general $115,676
-
24d · Other expenses: Telephone/Internet
total $44,944 · program services -$453 · management and general $45,397
-
24e · All other expenses
total -$213,823 · program services $17,972 · management and general -$233,840 · fundraising $2,045
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $242,610 · end of year $604,968
-
3 · Pledges and grants receivable
beginning of year -$375 · end of year -$375
-
4 · Accounts receivable
beginning of year $3,885,610 · end of year $4,412,523
-
8 · Inventories for sale or use
beginning of year $506 · end of year $506
-
9 · Prepaid expenses and deferred charges
beginning of year $165,997 · end of year $4,659
-
10a · Land, buildings and equipment: cost or other basis
$21,436,279
-
10b · Land, buildings and equipment: accumulated depreciation
$18,951,894
-
10c · Land, buildings and equipment, net
beginning of year $2,442,534 · end of year $2,484,385
-
11 · Investments: publicly traded securities
beginning of year $6,698,083 · end of year $6,654,629
-
12 · Investments: other securities
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,541,059 · end of year $5,793,057
-
19 · Deferred revenue
beginning of year $594,009 · end of year $50,082
-
23 · Secured mortgages and notes payable
beginning of year $501,225
-
25 · Other liabilities
beginning of year $176,069 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$3,416,158 · end of year -$1,816,292
-
28 · Net assets with donor restrictions
beginning of year $11,038,761 · end of year $10,575,613
Mission and programs · 2022
Mission
Piney Woods Prepares leaders for tomorrow's challenges by empowering learners, regardless of income, with a holistic approach that devlops the head, heart, and hands, rooted in a faith-inspired community and inclusive African American ethos.
Activities or mission (Part I)
Boarding school Providing Education Ninth through Twelfth Grades.
-
Academics is responsible for all courses for academic credit, student activity Etc.
Expenses $676,671
-
Food service, dormitories, laundry services, and stores for student services for students and faculty
Expenses $413,786
-
Occupancy, insurance, repair and maintenance, and other support services
Expenses $682,442
As filed on the 2022 return.
Listed in Part VII
-
Willie Levi Crossley Jr
President
- Total calculated
- $0
- Hours/week
- 40
-
Bradley Lewis
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jane Stetson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Renaisa Anthony
Member
- Total calculated
- $0
- Hours/week
- 1
-
Maj Gen Wallace C Arold
Member
- Total calculated
- $0
- Hours/week
- 1
-
Francene Young
Member
- Total calculated
- $0
- Hours/week
- 1
-
Glyn Booth
Member
- Total calculated
- $0
- Hours/week
- 1
-
Joe Camp
Member
- Total calculated
- $0
- Hours/week
- 1
-
Hester Clark
Member
- Total calculated
- $0
- Hours/week
- 1
-
William Coleman
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Tweedy
Member
- Total calculated
- $0
- Hours/week
- 1
-
Elze Epps
Member
- Total calculated
- $0
- Hours/week
- 1
-
Tere Gade
Member
- Total calculated
- $0
- Hours/week
- 1
-
Tom Hassan
Member
- Total calculated
- $0
- Hours/week
- 1
-
Cathy Hughes
Member
- Total calculated
- $0
- Hours/week
- 1
-
Maurice Jenkins Jr
Chairman
- Total calculated
- $0
- Hours/week
- 1
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.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430679349301308
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