Central School Preservation Incorporated
- Assets
- $910.0k
- Revenue
- $43.1k
- Investments
- $459.6k
- Employees
- 0
- Location
- Lake City, IA
- Founding
- 07/1984
- Data as of
- 12/2021
- 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 12/2021, Central School Preservation Incorporated generated $43.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $31.0k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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 |
|---|---|---|---|
Dwight Morenz Vice Preside | 1 | $6,156 | |
Dwight Dial Director | 0.5 | $0 | |
Terry Watters Treasurer | 1 | $0 | |
Rhonda Hanks Secretary | 1 | $0 | |
Jan Dougherty Director | 0.5 | $0 | |
Mary Ann Douglas Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,554 |
| Interest on Savings | $891 |
| Dividends & Interest | $9,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,461 |
| Capital Gain Net Income | $12,897 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,156 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $492 |
| Interest | $0 |
| Taxes | $366 |
| Depreciation | $670 |
| Occupancy | $11,448 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $232 |
| Other expenses | $1,305 |
| Total operating and administrative expenses | $31,024 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $31,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,196 |
| 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 | $459,595 |
| Net Land, buildings, and equipment | $443,186 |
| Other assets | $0 |
| Total assets | $909,977 |
| 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 | $471 |
| Total liabilities | $471 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Central School Preservation Incorporated has recieved totaling $2,084.
| Awarding Organization | Amount |
|---|---|
Fernandes Family Foundation Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Fernandes Family Foundation Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Fernandes Family Foundation Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $500 |
William G Pomeroy Foundation Syracuse, NY PURPOSE: 2020 NATIONAL REGISTER PROGRAM | $292 |
William G Pomeroy Foundation Syracuse, NY PURPOSE: 2020 NATIONAL REGISTER PROGRAM | $292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Periodontology Chicago, IL | $22,143,613 | $10,653,042 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |
Tri-County Child And Family Development Council Inc Waterloo, IA | $2,164,616 | $9,342,746 |
Brownell Talbot School Omaha, NE | $23,640,010 | $10,050,600 |
Urban Prep Academies Chicago, IL | $1,211,865 | $11,715,247 |
Legacy Christian Academy Andover, MN | $11,285,035 | $10,599,224 |
Spero Academy Minneapolis, MN | $4,864,005 | $8,619,763 |
Pact Charter School Ramsey, MN | $5,812,709 | $8,450,836 |
Excell Academy For Higher Learning Inc Brooklyn Park, MN | $4,215,096 | $7,722,207 |
Sojourner Truth Academy Minneapolis, MN | $4,962,625 | $7,578,548 |
St Louis Language Immersion Schools Inc St Louis, MO | $5,780,946 | $7,344,895 |
Aurora Charter School Minneapolis, MN | $3,496,445 | $6,931,662 |