TY 2021 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	1,392,646
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...
5a	Gross rents............	3,611,502
b	Net rental income or (loss) 3,611,502
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........			0
9	Income modifications...........
10a	Gross sales less returns and allowances	1,324,893
b	Less: Cost of goods sold....	975,872
c	Gross profit or (loss) (attach schedule).....		349,021		349,021
11	Other income (attach schedule).......		56,400	0	56,400
12	Total. Add lines 1 through 11........	5,409,569	0	405,421
	13	Compensation of officers, directors, trustees, etc.	187,916	0	0	187,916
14	Other employee salaries and wages......	1,800,214	0	0	1,800,214
15	Pension plans, employee benefits.......	284,507	0	0	284,507
16a	Legal fees (attach schedule).........		12,339	0	0	12,339
b	Accounting fees (attach schedule).......		25,980	0	0	25,980
c	Other professional fees (attach schedule)....		549,215	0	0	549,215
17	Interest...............	963,208	0	0	963,208
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...		1,121,857	0	0
20	Occupancy..............	527,330	0	0	527,330
21	Travel, conferences, and meetings.......	21,641	0	0	21,641
22	Printing and publications..........
23	Other expenses (attach schedule).......		2,390,894	0	0	2,390,894
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,885,101	0	0	6,763,244
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	7,885,101	0	0	6,763,244
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-2,475,532
b	Net investment income (if negative, enter -0-)		0
c	Adjusted net income (if negative, enter -0-)...			405,421

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	3,636,701	2,362,770	2,362,770
	2	Savings and temporary cash investments.........
	3	Accounts receivable 208,282
		Less: allowance for doubtful accounts	320,240	208,282	208,282
	4	Pledges receivable 26,156,434
		Less: allowance for doubtful accounts	30,931,366	26,156,434	26,156,434
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	13,000	13,000	13,000
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 41,880,506
		Less: accumulated depreciation (attach schedule) 8,529,092	33,669,034	33,351,414	33,351,414
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	68,570,341	62,091,900	62,091,900
	17	Accounts payable and accrued expenses..........	606,776	634,353
	18	Grants payable.................
	19	Deferred revenue.................		28,977
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	28,933,829	28,200,227
	22	Other liabilities (describe )	3,572,161	246,300
	23	Total liabilities (add lines 17 through 22).........	33,112,766	29,109,857
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,626,090	4,844,117
	25	Net assets with donor restrictions............	32,831,485	28,137,926
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	35,457,575	32,982,043
	30	Total liabilities and net assets/fund balances (see instructions).	68,570,341	62,091,900

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

35,457,575

Enter amount from Part I, line 27a .....................

-2,475,532

Other increases not included in line 2 (itemize) bullet

3,400,861

Add lines 1, 2, and 3 ..........................

36,382,904

Decreases not included in line 2 (itemize) bullet

3,400,861

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

32,982,043

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	0
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	0
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ELEUTHERE I DU PONT	CHAIRMAN 5.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
WILLIAM MANNING	SECRETARY 2.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
LOGAN HERRING	DIRECTOR 2.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
ELI SHARP	DIRECTOR 2.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
RITA LANDGRAF	DIRECTOR 2.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
TERI QUINN-GRAY	DIRECTOR 2.00	0	0	0
1200 N FRENCH STREET WILMINGTON,DE19801
LINDA JENNINGS	CHIEF EXECUTIVE OFFICER 40.00	187,916	18,603	0
1200 N FRENCH STREET WILMINGTON,DE19801


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DAVID BLOWMAN	CFO/COO 40.00	136,589	0	0
1200 N FRENCH STREET WILMINGTON,DE19801	CFO/COO 40.00	136,589	0	0
IHSAN MUHAMMAD	IMPACT OFFICER 40.00	117,420	0	0
1200 N FRENCH STREET WILMINGTON,DE19801	IMPACT OFFICER 40.00	117,420	0	0
MICHAEL SNYDER	FACILITIES DIRECTOR 40.00	96,478	10,786	0
1200 N FRENCH STREET WILMINGTON,DE19801	FACILITIES DIRECTOR 40.00	96,478	10,786	0
JAMES STALLINGS	COMMUNITY OUTREACH D 40.00	80,678	16,667	0
1200 N FRENCH STREET WILMINGTON,DE19801	COMMUNITY OUTREACH D 40.00	80,678	16,667	0
ELIZABETH RENZO	DEVELOPMENT DIRECTOR 40.00	84,500	2,250	0
1200 N FRENCH STREET WILMINGTON,DE19801	DEVELOPMENT DIRECTOR 40.00	84,500	2,250	0
Total number of other employees paid over $50,000...................				4


TORNADO II JANITORIAL SERVICE	CUSTODIAL SERVICES	595,159
PO BOX 12936 WILMINGTON,DE19850
US FOODS	FOOD SUPPLIES	499,816
2255 HIGH HILL ROAD BRIDGEPORT,NJ08014
RUSSELL GRANT	CONSTRUCTION	334,252
165 STEVENS ROAD RISING SUN,MD21911
EAST COAST PLUMBING AND HVAC	REPAIRS AND MAINTENANCE	276,699
26 BROOKHILL DR NEWARK,DE19702
ALLIED UNIVERSAL	SECURITY SERVICES	251,180
161 WASHINGTON ST STE 600 CONSHOHOCKEN,PA19248

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	THE MISSION OF THE CEB IS TO BUILD AN EDUCATIONAL SUPPORT SYSTEM THAT ALLOWS EVERY STUDENT AN EQUITABLE OPPORTUNITY TO SUCCEED. CEB'S INNOVATIVE EDUCATIONAL MODEL CREATES EDUCATIONAL EQUITY FOR TRADITIONALLY UNDERSERVED STUDENTS BY REMOVING BARRIERS THAT CAUSE INEQUITABLE ACCESS TO LEARNING, CREATING OPPORTUNITIES FOR STUDENTS, INVESTING IN STABLE FAMILIES, AND ENABLING ACADEMIC EXCELLENCE BY FREEING SCHOOLS TO FOCUS ON TEACHING AND LEARNING. IN DOING SO STUDENTS WILL HAVE THE NETWORK, CONFIDENCE, AND SKILLS NECESSARY TO SUCCEED IN SCHOOL AND BE PREPARED FOR LIFE BEYOND HIGH SCHOOL. DURING THIS YEAR, CEB TOOK A GIANT STEP TOWARD LONG-TERM FINANCIAL AND OPERATIONAL SUSTAINABILITY. THE CEB IS NOW 95% OCCUPIED IN ADDITION, SEVERAL MULTI-YEAR GRANTS HAVE SUPPORTED MODERATE PROGRAM GROWTH ALLOWING US TO COLLECT AND SHARE DATA THAT DEMONSTRATES THE TREMENDOUS IMPACT OUR INNOVATE MODEL IS HAVING ON STUDENT SUCCESS.	7,954,783
2


3


4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $
a Applied to 2020, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	162,643	182,408	149,291	119,240	613,582
b 85% (0.85) of line 2a .........	138,247	155,047	126,897	101,354	521,545
c Qualifying distributions from Part XI, line 4 for each year listed .....	7,567,481	6,657,568	6,120,970	6,363,708	26,709,727
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	7,567,481	6,657,568	6,120,970	6,363,708	26,709,727
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	62,091,900	68,570,341	72,280,983	70,017,998	272,961,222
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	58,789,513	64,866,622	69,249,695	67,596,877	260,502,707
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	108,429	121,605	99,527	79,493	409,054
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1A	TO PROVIDE LEARNING AND ENGAGEMENT OPPORTUNITIES TO YOUTH THROUGH A
1A	PROGRAM CALLED THE WAVE LEARNING SYSTEM.
5	TO PROVIDE EDUCATIONAL RENTAL SPACE AND SERVICES TO CHARTER SCHOOLS
5	AT BELOW MARKET RATES.
10	REIMBURSEMENTS FOR MEALS PROVIDED TO LOW INCOME STUDENTS.
11A	THE ORGANIZATION CONTRACTED WITH A VENDOR TO PROVIDE MOBILE HEALTH
11A	SERVICES IN PRIOR FISCAL YEAR. VENDOR WAS UNABLE TO FULFILL SERVICE
11A	AND REFUNDED THE ORGANIZATION IN FISCAL YEAR 2022.

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......					3,611,502
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory					349,021
11 Other revenue: aREFUND OF PRIOR YEAR EXPENSE					14,400
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		0	4,016,923

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization COMMUNITY EDUCATION BUILDING CORP			Employer identification number 45-4797267

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
1	LINDA JENNINGS 1200 N FRENCH ST WILMINGTON, DE19801	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
2	LONGWOOD FOUNDATION (SEE STMNT 15) 100 W 10TH STREET SUITE 1109 WILMINGTON, DE19801	$ 926,404		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
3	DELAWARE HEALTH AND SOCIAL SERVICES 1901 N DUPONT HWY NEW CASTLE, DE19720	$ 28,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
4	ELI R SHARP 1200 N FRENCH ST WILMINGTON, DE19801	$ 5,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
5	DISCOVER BANK 2500 LAKE COOK RD RIVERWOODS, IL60015	$ 25,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
6	US DEPARTMENT OF JUSTICE 950 PENNSYLVANIA AVENUE NW WASHINGTON, DC20530	$ 41,023		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

Name of organization COMMUNITY EDUCATION BUILDING CORP			Employer identification number 45-4797267
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
7	UNITED WAY OF DELAWARE 625 NORTH ORANGE STREET WILMINGTON, DE19801	$ 151,771		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
8	E DUPONT 1200 N FRENCH ST WILMINGTON, DE19801	$ 6,000		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions		(d) Type of contribution
		$		Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
TORNADO II JANITORIAL SERVICE	CUSTODIAL SERVICES	595,159
PO BOX 12936 WILMINGTON,DE19850	CUSTODIAL SERVICES	595,159
US FOODS	FOOD SUPPLIES	499,816
2255 HIGH HILL ROAD BRIDGEPORT,NJ08014	FOOD SUPPLIES	499,816
RUSSELL GRANT	CONSTRUCTION	334,252
165 STEVENS ROAD RISING SUN,MD21911	CONSTRUCTION	334,252
EAST COAST PLUMBING AND HVAC	REPAIRS AND MAINTENANCE	276,699
26 BROOKHILL DR NEWARK,DE19702	REPAIRS AND MAINTENANCE	276,699
ALLIED UNIVERSAL	SECURITY SERVICES	251,180
161 WASHINGTON ST STE 600 CONSHOHOCKEN,PA19248	SECURITY SERVICES	251,180

bApproved for future payment

Total ................................. 3b				0

Name of organization COMMUNITY EDUCATION BUILDING CORP		Employer identification number 45-4797267

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization COMMUNITY EDUCATION BUILDING CORP			Employer identification number 45-4797267
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Identifier	Return Reference	Explanation
SCHEDULE OF CONTROLLED ENTITIES	FORM 990-PF, PART VII-A LINE 11	THE COMMUNITY EDUCATION REALTY CORP1200 NORTH FRENCH STREETWILMINGTON, DE 19808EIN: 46-4092933EXCESS BUSINESS HOLDING [ ] YES [X] NO
EXPLANATION OF CURRENT YEAR REVENUE	FORM 990-PF, PART I, LINE 1	AS OF JUNE 30, 2022, ALL CONTRIBUTIONS RECEIVABLE BY THE ORGANIZATION WERE THE RESULT OF A COMMITMENT FROM THE LONGWOOD FOUNDATION TO PROVIDE THE SUPPORT NEEDED TO SERVICE THE ORGANIZATION'S LONG-TERM DEBT. ON NOVEMBER 29, 2018, THE ORGANIZATION ENTERED INTO THE CONTINUING SUPPORT AGREEMENT WITH THE LONGWOOD FOUNDATION TO PROVIDE GRANT PROCEEDS TO THE ORGANIZATION ANNUALLY TO SUPPORT THE PAYMENT OF INTEREST AND PRINCIPAL REQUIRED BY THE ORGANIZATION'S DEBT OBLIGATIONS. THE PRESENT VALUE OF THE PLEDGED SUPPORT IS RECOGNIZED AS REVENUE IN PART I, LINE 1, OF FORM 990-PF HOWEVER, THE PLEDGE PAYMENTS WILL BE RECEIVED OVER A PERIOD OF 20 YEARS. THE PRESENT VALUE OF THE PLEDGED SUPPORT IS ALSO REFLECTED IN SCHEDULE B, PART I, INCLUDED IN THE TOTAL CONTRIBUTIONS RECEIVED BY THE ORGANIZATION FROM THE LONGWOOD FOUNDATION.

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LANDS AND LAND IMPROVEMENTS	2,665,252	0	2,665,252	2,665,252
BUILDING	37,395,845	7,215,570	30,180,275	30,180,275
OFFICE FURNITURE, VEHICLES AND EQUIPMENT	1,819,409	1,313,522	505,887	505,887

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
LIBRARY SUBSCRIPTIONS	24,836	24,836
EQUIPMENT	38,171	38,171
INSURANCE	311,159	311,159
JANITORIAL	656,314	656,314
OFFICE	86,537	86,537
REPAIRS & MAINTENANCE	793,333	793,333
SECURITY	311,402	311,402
SUPPLIES	60,854	60,854
IT SYSTEMS	99,288	99,288
PROFESSIONAL DEVELOPMENT	9,000	9,000

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
WAVE LEARNING PROGRAM SERVICE REVENUE	42,000		42,000
REFUND OF PRIOR YEAR EXPENSE	14,400		14,400

Description	Beginning of Year - Book Value	End of Year - Book Value
RENTAL DEPOSIT	9,418	84,418
DERIVATIVE CONTRACT - INTEREST RATE SWAP	3,562,743	161,882

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