Central School Preservation Incorporated
- Assets
- $908.2k
- Revenue
- $44.1k
- Investments
- $420.6k
- Employees
- 0
- Location
- Lake City, IA
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 42-1221991
Organization Overview
Central School Preservation Incorporated is located in Lake City, IA. The organization was established in 1984. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central School Preservation Incorporated 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 12/2023, Central School Preservation Incorporated generated $44.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $36.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, MAINTAIN, AND SHARE HISTORIC CENTRAL SCHOOL AS A CULTURAL & HERITAGE CENTER FOR THE LAKE CITY, IOWA, COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darcy Maulsby President | 1 | $0 | |
Terry Watters Treasurer | 2 | $0 | |
Dwight Dial Director | 1 | $0 | |
Jan Dougherty Secretary | 1 | $0 | |
Mary Ann Douglas Director | 1 | $0 | |
Dwight Morenz Vice Preside | 1 | $5,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,355 |
| Interest on Savings | $130 |
| Dividends & Interest | $12,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,076 |
| Capital Gain Net Income | $7,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,090 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,868 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $462 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $6,785 |
| Occupancy | $13,471 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,523 |
| Other expenses | $666 |
| Total operating and administrative expenses | $36,524 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $36,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,503 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $420,554 |
| Net Land, buildings, and equipment | $469,177 |
| Other assets | $0 |
| Total assets | $908,234 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $449 |
| Total liabilities | $449 |