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Nonprofiteer
← IBPAT TRAINING REALTY TRUST

Form 990 for tax year 2023

Filed by IBPAT TRAINING REALTY TRUST.

Totals

Total revenue
$929,930
Total expenses
$729,085
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$881,195
Investment income
$48,735
Other revenue
$0
Total assets, end of year
$2,695,524
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,695,524
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $881,195 · related or exempt $881,195

  • 3 · Investment income

    total $48,735 · excluded $48,735

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $528

  • 16 · Occupancy

    total $269,153

  • 17 · Travel

    total $21,967

  • 22 · Depreciation, depletion and amortization

    total $96,300

  • 24a · Other expenses: REIMBURSED PAYROLL

    total $341,137

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,910,399 · end of year $2,075,575

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

    $5,243,816

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

    $4,623,867

  • 10c · Land, buildings and equipment, net

    beginning of year $584,280 · end of year $619,949

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $212,807 · end of year $212,807

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,281,872 · end of year $2,482,717

Mission and programs · 2023

Mission

RENTAL TO NON PROFITS

  • RENTAL TO NON PROFITS

As filed on the 2023 return.

Listed in Part VII

  • CHARLES FOGELL

    TRUSTEE

    Total calculated
    $278,941
    From this org
    $0
    From related orgs
    $205,589
    Other
    $73,352
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,589 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $52,820 related
    Nontaxable benefits
    $0 + $20,532 related
    Filer's total
    $0 + $278,941 related

  • JOSEPH ITRI

    TRUSTEE

    Total calculated
    $263,806
    From this org
    $0
    From related orgs
    $171,815
    Other
    $91,991
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,815 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $72,231 related
    Nontaxable benefits
    $0 + $19,760 related
    Filer's total
    $0 + $263,806 related

  • MICHAEL LAFFERTY

    TRUSTEE

    Total calculated
    $263,076
    From this org
    $0
    From related orgs
    $171,172
    Other
    $91,904
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,172 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $72,144 related
    Nontaxable benefits
    $0 + $19,760 related
    Filer's total
    $0 + $263,076 related

  • CHRISTIAN BRENNAN

    TRUSTEE

    Total calculated
    $298,217
    From this org
    $0
    From related orgs
    $202,069
    Other
    $96,148
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,069 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $76,388 related
    Nontaxable benefits
    $0 + $19,760 related
    Filer's total
    $0 + $298,217 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

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
5 May 2025
IRS schema version
2023v6.0
Source object
202501259349300610

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