Demedici Corporation Ii
- Assets
- $55.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Marlton, NJ
- Founding
- 02/2013
- Data as of
- 06/2022
- EIN
- 45-4520956
Organization Overview
Demedici Corporation Ii is located in Marlton, NJ. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Demedici Corporation Ii 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 06/2022, Demedici Corporation Ii generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND LEASE SCHOOL FACILITIES TO NOT-FOR-PROFIT SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OWNS AND LEASES PROPERTY TO PHILADELPHIA PERFORMING ARTS A STRING THEORY CHARTER SCHOOL, A NOT-FOR-PROFIT ENTITY (EIN 23-3040987)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krista Alexander Secretary | OfficerTrustee | 1 | $0 |
Javier Kuehnle President | OfficerTrustee | 1 | $0 |
Ronald Pigliacelli Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wb Mason Supplies | 6/29/15 | $779,170 |
Dale Construction Llc Demolition And Carpentry | 6/29/15 | $402,825 |
Sunlight Electric Inc Electrical | 6/29/15 | $233,256 |
Apple Inc Computers | 6/29/15 | $506,443 |
Bsi Construction Llc Construction Management | 6/29/15 | $240,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,382,497 |
| Investment income | $1,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,384,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,424 |
| Fees for services: Legal | $19,694 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,537,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,139,592 |
| Insurance | $169,865 |
| All other expenses | $0 |
| Total functional expenses | $3,896,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,024,093 |
| Savings and temporary cash investments | $3,600,942 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,584 |
| Net Land, buildings, and equipment | $42,624,761 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,231,617 |
| Total assets | $55,482,997 |
| Accounts payable and accrued expenses | $107,007 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $52,509,566 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,575,134 |
| Total liabilities | $60,191,707 |
| Net assets without donor restrictions | -$4,708,710 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $55,482,997 |