| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 18,027 | 541 | 18,027 | 0 |
| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| LAND, BUILDINGS, AND EQUIPMENT | 241,156 | SLM | 5.0 | 55,375 | 1,108 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990-PF, Part VIII-A | BUILDING HOPE SUPPORTED THE DEVELOPMENT AND SUCCESSFUL OPERATION OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS ACROSS THE NATION, INCLUDING CHARTER AND OTHER GRADE SCHOOLS, COLLEGES, AND UNIVERSITIES, WITH A PARTICULAR FOCUS ON REGIONS INHABITED BY LOW-INCOME, MINORITY, OR OTHER HISTORICALLY DISADVANTAGED GROUPS, BY (A) PROVIDING GRANTS, PROGRAMRELATED INVESTMENTS, AND CREDIT ENHANCEMENTS/GUARANTEES TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS; (B) HELPING SCHOOLS AND OTHER EDUCATIONAL ORGANIZATION THROUGH THE MANAGEMENT AND DEPLOYMENT OF GRANT PROGRAMS, PROGRAM-RELATED INVESTMENTS FROM PHILANTHROPIC ORGANIZATIONS, AND OTHER FUNDERS, INCLUDING STATE AND FEDERAL PROGRAMS; (C) HELPING SCHOOL AND OTHER EDUCATIONAL ORGANIZATIONS WITH SITE SELECTION, BUILDING DESIGN, LEASE/PURCHASE NEGOTIATIONS, FINANCIAL CONSULTATION, CONSTRUCTION MANAGEMENT, BACK-OFFICE ACCOUNTING, PAYROLL AND HUMAN RESOURCE SUPPORT, AND OTHER OPERATIONAL SERVICES TO HELP THEM DEVELOP, BUILD, OPERATE, AND MAINTAIN THEIR SCHOOL FACILITIES; (D) CONDUCTING PROGRAMS AND PERFORMING OUTREACH TO IMPROVE ACADEMIC ACHIEVEMENT, STIMULATE ECONOMIC DEVELOPMENT, AND IMPROVE ACCESS TO HIGHER EDUCATION FOR STUDENTS AT THE SCHOOLS; AND (E) ACQUIRING, FINANCING, DEVELOPING, CONSTRUCTING, AND/OR LEASING FACILITIES FOR/TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS, FOR ACADEMIC AND ADMINISTRATIVE PURPOSES, AS WELL AS COMMUNITY DEVELOPMENT FACILITIES AND ORGANIZATIONS (INCLUDING AFFORDABLE HOUSING, MEDICAL CENTERS, COMMUNITY CENTERS, STUDENT HOUSING, WORKFORCE LOW-INCOME HOUSING, TRAINING AND CERTIFICATION ORGANIZATIONS, ALL IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSES, INCLUDING TO ADVANCE EDUCATION, LESSEN THE BURDENS OF GOVERNMENT, RELIEVE POVERTY, ELIMINATE PREJUDICE, REDUCE NEIGHBORHOOD TENSION, AND COMBAT COMMUNITY DETERIORATION. |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OTHER INVESTMENT | FMV | 1,995 | 1,995 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| Land, Buildings, and Equipment | 398,545 | 358,287 | 40,258 | 40,258 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 33,498 | 0 | 33,498 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DUE FROM AFFILIATES | 1,049,138 | 3,970,785 | 3,970,785 |
| RETURN OF USE ASSET | 482,405 | 139,345 | 139,345 |
| SECURITY DEPOSITS | 34,016 | 62,044 | 62,044 |
| Description | Amount |
|---|---|
| TAX ADJUSTMENT | 12,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING SOFTWARE | 101,756 | 2,035 | 0 | 0 |
| MEMBERSHIPS & SUBSCRIPTIONS | 73,263 | 1,465 | 37,677 | 0 |
| INSURANCE | 50,579 | 1,012 | 50,579 | 0 |
| MEALS AND ENTERTAINMENT | 26,272 | 525 | 26,083 | 0 |
| TELEPHONE & TELECOMMUNICATIONS | 21,531 | 431 | 21,531 | 0 |
| SUPPLIES | 15,793 | 316 | 15,793 | 0 |
| POSTAGE, SHIPPING, DELIVERY | 6,951 | 139 | 6,951 | 0 |
| Bank Fees | 3,035 | 61 | 3,035 | 0 |
| MISCELLANEOUS | 2,116 | 42 | 2,116 | 0 |
| License and Permits | 405 | 8 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ACCOUNTING SERVICES | 3,146,195 | 0 | 3,146,195 |
| FINANCIAL ADVISORY SERVICES | 1,306,051 | 0 | 1,306,051 |
| OTHER PROFESSIONAL SERVICES | 654,500 | 0 | 654,500 |
| INVESTMENT INCOME | 250,285 | 250,285 | 250,285 |
| MISCELLANEOUS INCOME | 30,012 | 0 | 30,012 |
| COMMITMENT INCOME | 2,768 | 0 | 2,768 |
| ALLOCATED INCOME | 107,715 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO AFFILIATES | 4,469,237 | 8,207,508 |
| LEASE LIABILITY | 332,222 | 134,082 |
| Borrower's Name | Relationship to Insider | Original Amount of Loan | Balance Due | Date of Note | Maturity Date | Repayment Terms | Interest Rate | Security Provided by Borrower | Purpose of Loan | Description of Lender Consideration | Consideration FMV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IC ACADEMY | 75,000 | 0 | 2022-02 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 6 % | 0 | |||||
| VICTORY CHARTER SCHOOL | 180,000 | 180,000 | 2022-05 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 6 % | 180,000 | |||||
| EMMA JEWEL ACADEMY | 125,000 | 0 | 2022-12 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 6 % | 0 | |||||
| NEW LIFE CHARTER ACADEMY | 50,000 | 0 | 2023-01 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 6 % | 0 | |||||
| ALPHA CHARTER SCHOOL | 228,000 | 0 | 2023-07 | 2024-03 | 6 % | 0 | |||||
| BEACON COLLEGE PREPARATORY | 200,000 | 0 | 2023-08 | 2024-09 | 6 % | 0 | |||||
| VICTORY CHARTER SCHOOL | 120,000 | 300,000 | 2023-12 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 0 % | 300,000 | |||||
| GOUCHER CHARTER ACADEMY | 250,000 | 3,596 | 2023-11 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 0 % | 3,596 | |||||
| BRIGHTVIEW PREP | 150,000 | 150,000 | 2024-09 | 7 DAYS AFTER FINAL GRANT REIMBURSEMENT | 0 % | 150,000 | |||||
| BOLD CITY INC | 225,000 | 225,000 | 2024-12 | 2025-04 | 0 % | 225,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IT FEES | 79,268 | 0 | 79,268 | 0 |
| OTHER PROFESSIONAL FEES | 521,453 | 10,429 | 312,937 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX ALLOCATION | 30,996 | 0 | 0 | 0 |