GREAT WORK EDUCATION HOLDINGS INC: Form 990PF, tax year 2025
View the entire original 990 at ProPublica ↗
- Organization
- GREAT WORK EDUCATION HOLDINGS INC (EIN 47-1688990)
- Tax period
- 2025-07-01 to 2025-12-31
- Filed
- 2026-07-17
- IRS object ID
- 202621989349100522
- Schema version
- 2025v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Reasonable Cause Explanation
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-07-17T15:32:56+00:00 | ReturnTs |
| Tax Period End | 2025-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621665434 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WALTON ENTERPRISES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1860 | AddressLine1Txt |
| City | BENTONVILLE | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 727121860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2025-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471688990 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Great Work Education Holdings Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREA | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1860 | AddressLine1Txt |
| City | Bentonville | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES M WALTON | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Signature | 2026-07-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LUKE C MITCHELL | PreparerPersonNm |
| PTIN | P03095207 | PTIN |
| Phone | 4794641500 | PhoneNum |
| Preparation | 2026-07-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2025 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,869,355 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,074,000 | ContriRcvdRevAndExpnssAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,019,135 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $0 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $0 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $19,185 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $19,185 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $74,050 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $19,185 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $31,751 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $31,751 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $40,658 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $40,658 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $111,186 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $111,186 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $0 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $361,927 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $361,927 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $132,622 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $132,622 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $713 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $713 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $337,878 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $337,878 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,016,735 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $361,927 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $654,808 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,016,735 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $361,927 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $654,808 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$942,685 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $275,536 | CashBOYAmt |
| Cash EOY | $657,473 | CashEOYAmt |
| Cash EOYFMV | $657,473 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $0 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $0 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $0 | AcctRcvblEOYFMVAmt |
| Pledges Rcvbl BOY | $0 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $0 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $0 | PledgesRcvblEOYFMVAmt |
| Rcvbl From Officers BOY | $0 | RcvblFromOfficersBOYAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Rcvbl From Officers EOYFMV | $0 | RcvblFromOfficersEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,019,136 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $0 | CorporateBondsBOYAmt |
| Corporate Bonds EOYFMV | $0 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $0 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $0 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $0 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOYFMV | $0 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $28,524,701 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,312,819 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $24,517,368 | LandBOYAmt |
| Land EOY | $24,211,882 | LandEOYAmt |
| Land EOYFMV | $24,211,882 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $25,812,040 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,869,355 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,869,355 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $0 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $25,812,040 | RetainedEarningBOYAmt |
| Retained Earning EOY | $24,869,355 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $25,812,040 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,869,355 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $25,812,040 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,869,355 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $25,812,040 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$942,685 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $24,869,355 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,869,355 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | 1,145,096 Shares of Higher Ground Education Inc. - Worthless | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Acquired | 2016-08-23 | AcquiredDt |
| Sold | 2025-12-31 | SoldDt |
| Gross Sales Price | $0 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,019,135 | CostOrOtherBasisAmt |
| Gain Or Loss | -$1,019,135 | GainOrLossAmt |
| Excess FMV Over Adjusted Bss | $0 | ExcessFMVOverAdjustedBssAmt |
| Gains Minus Excess Or Losses | -$1,019,135 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,019,135 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $0 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $8,331 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $8,331 | TotalPaymentsAndCreditsAmt |
| Overpayment | $8,331 | OverpaymentAmt |
| Applied To ES Tax | $8,331 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CO | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Kari Harris | IndividualWithBooksNm |
| Phone | 4794641570 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1860 | AddressLine1Txt |
| City | Bentonville | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 72712 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| LUKE MITCHELL | |||||||
| PO Box 1860 | Bentonville | AR | 72712 | TREASURER | 1.00 | $0 | $0 |
| JAMES M WALTON | |||||||
| PO Box 1860 | Bentonville | AR | 72712 | DIRECTOR, PRESIDENT | 1.00 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WALTON ENTERPRISES LLC | |||||
| PO BOX 1860 | BENTONVILLE | AR | 72712 | MANAGEMENT SERVICES | $85,867 |
| PRINCETON HYDRO LLC | |||||
| PO BOX 3689 | TRENTON | NJ | 08629 | ENVIRONMENTAL AND CIVIL ENGINEERING SERVICES | $57,330 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | EXPENSES INCURRED TO SUPPORT AND MAINTAIN NONPROFIT FACILITIES AND PURCHASE OF PROPERTY FOR MAINTENANCE AND USE FOR OTHER NONPROFIT ORGANIZATIONS. | Description1Txt |
| Expenses1 | $711,249 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,846,621 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $381,486 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,228,107 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $3,228,107 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $48,422 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,179,685 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $80,145 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $654,808 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $56,441 | CharitableAssetsAcquisPaidAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $711,249 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2015-05-11 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $711,249 | CurrentYearAmt |
| Year1 | $1,910,735 | Year1Amt |
| Year2 | $1,557,258 | Year2Amt |
| Year3 | $4,036,917 | Year3Amt |
| Total | $8,216,159 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $711,249 | CurrentYearAmt |
| Year1 | $1,910,735 | Year1Amt |
| Year2 | $1,557,258 | Year2Amt |
| Year3 | $4,036,917 | Year3Amt |
| Total | $8,216,159 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $53,430 | CurrentYearAmt |
| Year1 | $122,481 | Year1Amt |
| Year2 | $126,106 | Year2Amt |
| Year3 | $149,531 | Year3Amt |
| Total | $451,548 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | James Walton | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,019,135 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAMP AND RETREAT FEES | Desc |
| Related Or Exempt Function Incm | $19,185 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$1,019,135 | ExclusionAmt |
| Related Or Exempt Function Incm | $19,185 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$999,950 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | Form | LineNumberTxt |
| Relationship Statement | CAMP AND RETREAT FEES FOR USE OF CAMP FACILITIES BY NONPROFIT ORGANIZATIONS. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IMPACTASSETS | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4340 EAST WEST HIGHWAY SUITE 210 | AddressLine1Txt |
| City | BETHESDA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20814 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $1,074,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting and Tax Prep | CategoryTxt |
| Amt | $40,658 | Amt |
| Disbursements Charitable Prps | $40,658 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (27 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|
| Modular Classrooms | 2017-09-01 | $32,713 | $6,767 | SL | 39.0 | $420 | $420 |
| Center Street North | 2018-08-01 | $655 | $116 | SL | 39.0 | $9 | $9 |
| Center Street South | 2018-08-01 | $12,666,186 | $2,273,418 | SL | 39.0 | $162,388 | $162,388 |
| Furniture/Fixtures | 2018-08-01 | $52,092 | $46,162 | DDB | 7.0 | $847 | $847 |
| Computer Equipment | 2018-08-01 | $69,070 | $66,492 | DDB | 5.0 | $516 | $516 |
| Furn. & Fixtures | 2017-08-15 | $6,156 | $5,613 | DDB | 7.0 | $77 | $77 |
| Center Street North | 2017-08-01 | $1,791,049 | $361,711 | SL | 39.0 | $22,962 | $22,962 |
| Center St N Improv | 2019-12-09 | $1,112 | $157 | SL | 39.0 | $14 | $14 |
| Center St S Improv | 2020-02-28 | $6,779 | $6,064 | SL | 39.0 | $87 | $87 |
| 3636 Osage Street | 2020-03-06 | $467,691 | $63,463 | SL | 39.0 | $5,996 | $5,996 |
| Navajo St Improv | 2020-01-17 | $274,307 | $38,404 | SL | 39.0 | $3,517 | $3,517 |
| 3636 Osage St Improv | 2021-06-11 | $24,288 | $2,517 | SL | 39.0 | $311 | $311 |
| Auto & Trucks | 2022-03-25 | $25,000 | $20,230 | SL | 5.0 | $954 | $954 |
| Wood Chipper/Materials- GWEH LLC | 2021-11-24 | $37,781 | $25,487 | SL | 7.0 | $1,756 | $1,756 |
| Building - YMCA | 2021-07-30 | $7,035,927 | $707,147 | SL | 39.0 | $90,204 | $90,204 |
| Building - YMCA Improvements | 2022-06-30 | $540,015 | $41,629 | SL | 39.0 | $6,923 | $6,923 |
| Dump Truck | 2023-04-21 | $5,000 | $3,710 | SL | 5.0 | $258 | $258 |
| Materials/Equipment | 2023-08-17 | $69,659 | $43,226 | SL | 7.0 | $3,868 | $3,868 |
| Building - YMCA Improvements | 2023-01-29 | $372,896 | $18,326 | SL | 39.0 | $4,781 | $4,781 |
| Excavator | 2021-09-21 | $80,121 | $57,527 | SL | 7.0 | $3,228 | $3,228 |
| 3636 Osage St Improv | 2021-09-21 | $10,032 | $975 | SL | 39.0 | $129 | $129 |
| Building - YMCA Improvements | 2022-07-29 | $2,081,385 | $155,659 | SL | 39.0 | $26,684 | $26,684 |
| WALK-IN Cooler | 2025-06-25 | $6,775 | $113 | SL | 5.0 | $1,332 | $1,332 |
| Furniture & Fixtures | 2025-06-06 | $63,279 | $1,055 | SL | 7.0 | $12,445 | $12,445 |
| Operating Vehicle | 2025-04-25 | $57,455 | $4,788 | SL | 5.0 | $10,534 | $10,534 |
| Building - YMCA Improvements | 2025-06-13 | $126,868 | $136 | SL | 39.0 | $1,627 | $1,627 |
| Building - YMCA Improvements | 2025-12-05 | $56,050 | $0 | SL | 39.0 | $60 | $60 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Higher Ground Education | StockNm |
| EOY Book Value | $0 | EOYBookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (34 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Modular Classrooms | $32,713 | $7,187 | $25,526 | $25,526 |
| Center Street North | $655 | $125 | $530 | $530 |
| Center Street South | $12,666,186 | $2,435,806 | $10,230,380 | $10,230,380 |
| Furniture/Fixtures | $52,092 | $47,009 | $5,083 | $5,083 |
| Computer Equipment | $69,070 | $67,008 | $2,062 | $2,062 |
| Furn. & Fixtures | $6,156 | $5,690 | $466 | $466 |
| Center Street North | $1,791,049 | $384,673 | $1,406,376 | $1,406,376 |
| Center St N Improv | $1,112 | $171 | $941 | $941 |
| Center St S Improv | $6,779 | $6,151 | $628 | $628 |
| 3636 Osage Street | $467,691 | $69,459 | $398,232 | $398,232 |
| Navajo St Improv | $274,307 | $41,921 | $232,386 | $232,386 |
| 3636 Osage St Improv | $24,288 | $2,828 | $21,460 | $21,460 |
| Land - Center Street North | $738,649 | $0 | $738,649 | $738,649 |
| Land - Center Street South | $837,569 | $0 | $837,569 | $837,569 |
| Land - 3636 Osage Street | $988,142 | $0 | $988,142 | $988,142 |
| Auto & Trucks | $25,000 | $21,184 | $3,816 | $3,816 |
| Wood Chipper/Materials | $37,781 | $27,243 | $10,538 | $10,538 |
| Building - YMCA | $7,035,927 | $797,351 | $6,238,576 | $6,238,576 |
| Building - YMCA Improvements | $540,015 | $48,552 | $491,463 | $491,463 |
| Excavator | $80,121 | $60,755 | $19,366 | $19,366 |
| 3636 Osage St Improv | $10,032 | $1,104 | $8,928 | $8,928 |
| Dump Truck | $5,000 | $3,968 | $1,032 | $1,032 |
| Curved Monitors | $957 | $944 | $13 | $13 |
| Copier | $7,190 | $5,913 | $1,277 | $1,277 |
| Fitness Equipment | $11,059 | $7,432 | $3,627 | $3,627 |
| Fitness Equipment | $48,143 | $31,350 | $16,793 | $16,793 |
| File Cabinets | $2,310 | $1,455 | $855 | $855 |
| Building - YMCA Improvements | $2,081,385 | $182,343 | $1,899,042 | $1,899,042 |
| Building - YMCA Improvements | $372,896 | $23,107 | $349,789 | $349,789 |
| Walk-In Cooler | $6,775 | $1,445 | $5,330 | $5,330 |
| Furniture & Fixtures | $63,279 | $13,500 | $49,779 | $49,779 |
| Operating Vehicle | $57,455 | $15,322 | $42,133 | $42,133 |
| Building - YMCA Improvements | $126,868 | $1,763 | $125,105 | $125,105 |
| Building - YMCA Improvements | $56,050 | $60 | $55,990 | $55,990 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $31,751 | LegalFeesAmt |
| Disbursements Charitable Prps | $31,751 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Insurance Expense | $173,090 | $173,090 |
| Repairs & Maintenance | $147,262 | $147,262 |
| Supplies | $3,281 | $3,281 |
| Miscellaneous | $14,245 | $14,245 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Camp and Retreat Fees | Desc |
| Revenue And Expenses Per Books | $19,185 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $19,185 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Management Fees | $42,155 | $42,155 |
| Professional Services | $69,031 | $69,031 |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | Great Work Education Holdings, Inc ("GWEH") respectfully requests abatement of the late filing penalties assessed for its Form 990-PF. After the close of the 6/30/25 tax year, GWEH determined it would change its accounting period from a June 30 fiscal year-end to a December 31 calendar year-end. Because this decision was made after the May 15th extension deadline for a calendar year filer, an extension was inadvertently not filed. All tax due was timely paid by May 15th; therefore, there was no delinquent tax payment or underpayment. Upon determining the appropriate filing requirements, GWEH promptly filed its Form 990-PF. GWEH has a longstanding history of timely filing all required tax returns and extensions and timely paying all taxes due. This was an isolated oversight, and GWEH respectfully requests that the IRS abate the associated late filing penalty based on reasonable cause. | ExplanationTxt |