Damascus Community School Inc
- Assets
- $332.4k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Bettendorf, IA
- Founding
- 01/1990
- Data as of
- 07/2022
- EIN
- 98-0100859
Organization Overview
Damascus Community School Inc is located in Bettendorf, IA. The organization was established in 1990. 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. Damascus Community School Inc 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 07/2022, Damascus Community School Inc generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.1%) each year. All expenses for the organization totaled $389.5k during the year ending 07/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAMASCUS COMMUNITY SCHOOL, INC.(SCHOOL) OFFERED AN ACCREDITED COLLEGE PREPARATORY INSTITUTIONAL PROGRAM FROM PRE-SCHOOL THROUGH GRADE 12 LEADING TO AN AMERICAN HIGH SCHOOL DIPLOMA. THE SCHOOL WAS LOCATED ON THE GROUNDS OF THE UNITED STATES EMBASSY IN DAMASCUS, SYRIA. ITS PRIMARY MISSION WAS TO EDUCATE AMERICAN DIPLOMATIC AND BUSINESS DEPENDENTS LIVING IN DAMASCUS AND ITS SUBURBS FROM THE INTERNATIONAL, DIPLOMATIC AND BUSINESS COMMUNITIES.DUE TO THE VIOLENCE AND EXTREMELY DANGEROUS CONDITIONS IN SYRIA, THE SCHOOL WAS FORCED TO TEMPORARILY CLOSE ON JANUARY 26, 2012 AND EVENTUALLY FORCED TO CLOSE PERMANENTLY ON AUGUST 31, 2019. SINCE THEN THE ONLY EXPENSES WERE THE REQUIRED PAYMENTS TO FORMER EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Yazigi Financial Manager | 20 | $48,745 | |
James Liebzeit Director | 20 | $45,000 | |
Nashaat Sanadiki Director | 20 | $45,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,896 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,896 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $138,745 |
| Other employee salaries and wages | $157,761 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,533 |
| Total operating and administrative expenses | $389,537 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $389,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,002 |
| 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 | $2,369 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $332,371 |
| 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 | $0 |
| Total liabilities | $0 |