Excel Academy East Boston Realty Corporation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Boston, MA
- Founding
- Data as of
- 12/2018
- EIN
- 27-4272913
Organization Overview
Excel Academy East Boston Realty Corporation is located in East Boston, MA. Excel Academy East Boston Realty Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Excel Academy East Boston Realty Corporation generated $178.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $185.5k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE EXCEL ACADEMY EAST BOSTON REALTY CORPORATION PURCHASED A PROPERTY AT 58 MOORE STREET IN SEPTEMBER 2011, AND SECURED FINANCING FOR AND BEGAN THE RENOVATION/CONSTRUCTION OF THAT PROPERTY SHORTLY THEREAFTER. CONSTRUCTION WAS SUBSTANTIALLY COMPLETED IN AUGUST 2012. THE PROPERTY WAS LEASED TO EXCEL ACADEMY CHARTER SCHOOL (THE SCHOOL). IN OCTOBER, 2018, EXCEL ACADEMY EAST BOSTON REALTY CORPORATION AUTHORIZED A DEED OF THE PROPERTY TO FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS, INC. (THE FOUNDATION), IN SATISFACTION OF FOUR NOTES PAYABLE, AND ASSIGNED ITS CAPITAL LEASE WITH THE SCHOOL TO THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Reynolds President | 1 | $0 | |
Megan Preiner Treasurer | 1 | $0 | |
Mary Elisabeth Swerz Clerk | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $178,161 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $178,161 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,205 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $162,337 |
| Total expenses | $185,542 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |