COMMUNITY EDUCATION BUILDING CORP: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- COMMUNITY EDUCATION BUILDING CORP (EIN 45-4797267)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-16
- IRS object ID
- 201631379349101988
- Schema version
- 2014v6.0
- 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
- Amortization Schedule
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Substantial Contributors Sch
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-16T15:41:25-04:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 273221203 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reliant Tax Group LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1201 Hopeton Road | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19807 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454797267 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY EDUCATION BUILDING CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COMM | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 NORTH FRENCH STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELEUTHERE I DU PONT | PersonNm |
| Person Title | BOARD CHAIRMAN | PersonTitleTxt |
| Phone | 3026604800 | PhoneNum |
| Signature | 2016-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Timothy Mihok CPA | PreparerPersonNm |
| PTIN | P01084272 | PTIN |
| Phone | 3025338722 | PhoneNum |
| Preparation | 2016-05-16 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $38,686,700 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,216,903 | ContriRcvdRevAndExpnssAmt |
| Gross Rents Rev And Expnss | $1,390,716 | GrossRentsRevAndExpnssAmt |
| Gross Sales Less Ret And Allwnc | $499,538 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $432,765 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $66,773 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $66,773 | GrossProfitAdjNetIncmAmt |
| Total Rev And Expnss | $2,674,392 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $66,773 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $128,461 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $128,461 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $538,836 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $538,836 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $90,034 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $90,034 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $70,589 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $102,247 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $37,206 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $37,206 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $722,536 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $703,145 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $673,742 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $673,742 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $108,076 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $73,215 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $873,676 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $687,305 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $742,001 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $13,946 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $14,596 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $495,295 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $487,088 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $4,439,702 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,590,571 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,439,702 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,590,571 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,765,310 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $66,773 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $5,318,955 | CashBOYAmt |
| Cash EOY | $2,547,123 | CashEOYAmt |
| Cash EOYFMV | $2,547,123 | CashEOYFMVAmt |
| Acct Rcvbl | $342,066 | AcctRcvblAmt |
| Acct Rcvbl BOY | $51,359 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $342,066 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $342,066 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $16,647 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $13,000 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $13,000 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $130,300 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land Bldg Equip Cost Or Other Bss | $36,404,938 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $874,753 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $33,377,540 | LandBOYAmt |
| Land EOY | $35,530,185 | LandEOYAmt |
| Land EOYFMV | $35,530,185 | LandEOYFMVAmt |
| Other Assets BOY | $263,146 | OtherAssetsBOYAmt |
| Other Assets EOY | $254,326 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $254,326 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $39,157,947 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,686,700 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $38,686,700 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $2,422,751 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $419,487 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $27,318,515 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $31,818,515 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $1,555,255 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $568,082 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $31,296,521 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $32,806,084 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $7,731,126 | UnrestrictedBOYAmt |
| Unrestricted EOY | $4,880,616 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $130,300 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $1,000,000 | TemporarilyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $7,861,426 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $5,880,616 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $39,157,947 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $38,686,700 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $7,861,426 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,765,310 | ExcessRevenueOverExpensesAmt |
| Subtotal | $6,096,116 | SubtotalAmt |
| Other Decreases | $215,500 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $5,880,616 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $19,687,918 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $2,049,544 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 9.605999 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $4,262,594 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $739,008 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 5.767994 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $32,705 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $526,319 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.062139 | DistributionYr3Rt |
| Total Distribution | 15.436133 | TotalDistributionRt |
| Average Distribution | 7.718066 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,188,611 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $16,891,844 | AdjNetVlNoncharitableAssetsAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $16,891,844 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $6,487,336 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| 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 |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.CEBDE.ORG | WebsiteAddressTxt |
| Individual With Books | WILL DAVIS | IndividualWithBooksNm |
| Phone | 3026604800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 NORTH FRENCH STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | 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 | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ELEUTHERE I DU PONT | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | BOARD CHAIRMAN | 5.00 | $0 | $0 | $0 |
| CHARLES L COPELAND | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | TREASURER AND DIRECTOR | 2.00 | $0 | $0 | $0 |
| WILLIAM E MANNING | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | SECRETARY AND DIRECTOR | 2.00 | $0 | $0 | $0 |
| ROBERT E EWERS JR | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| TONY ALLEN | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| BEATRICE ROSS COKER | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | DIRECTOR | 4.00 | $0 | $0 | $0 |
| ARETHA MILLER | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | EXECUTIVE DIRECTOR | 50.00 | $128,461 | $7,632 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| RICCARDO STOECKICHT FORMER | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | EXECUTIVE DIRECTOR | 40.00 | $113,243 | $17,720 | $0 |
| ELIZABETH APPLEGATE | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | FOOD SERVICE MANAGER | 40.00 | $62,865 | $18,918 | $0 |
| CATHY EMERSON | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | OFFICE MANAGER | 40.00 | $50,000 | $10,138 | $0 |
| JAMES STALLINGS | ||||||||
| 1200 NORTH FRENCH STREET | WILMINGTON | DE | 19801 | SECURITY | 40.00 | $42,000 | $10,386 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WOHLSEN CONSTRUCTION COMPANY | |||||
| PO BOX 4612 | Lancaster | PA | 17604 | CONSTRUCTION | $3,631,427 |
| SAUL EWING LLP | |||||
| 1500 MARKET STREET 38TH FLOOR | PHILADELPHIA | PA | 19102 | LEGAL SERVICES | $64,681 |
| DOWNTOWN VISIONS | |||||
| PO Box 2000 | WILMINGTON | DE | 19899 | SECURITY | $178,717 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE CEB OWNS A FACILITY THAT HOUSES HIGH PERFORMING CHARTER SCHOOLS TO PROVIDE A WORLD CLASS EDUCATIONAL ENVIRONMENT FOR INNER CITY CHILDREN | Description1Txt |
| Expenses1 | $3,897,974 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,221,940 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,221,940 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,221,940 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $33,329 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,188,611 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $109,431 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,590,571 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $2,896,765 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $6,487,336 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $6,487,336 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualifying Distributions | $6,487,336 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2012-06-19 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $66,773 | CurrentYearAmt |
| Total | $66,773 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $56,757 | CurrentYearAmt |
| Total | $56,757 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,487,336 | CurrentYearAmt |
| Year1 | $19,687,918 | Year1Amt |
| Year2 | $4,262,594 | Year2Amt |
| Year3 | $32,705 | Year3Amt |
| Total | $30,470,553 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,487,336 | CurrentYearAmt |
| Year1 | $19,687,918 | Year1Amt |
| Year2 | $4,262,594 | Year2Amt |
| Year3 | $32,705 | Year3Amt |
| Total | $30,470,553 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $38,686,700 | CurrentYearAmt |
| Year1 | $39,157,947 | Year1Amt |
| Year2 | $15,558,246 | Year2Amt |
| Year3 | $1,087,905 | Year3Amt |
| Total | $94,490,798 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $36,464,760 | CurrentYearAmt |
| Year1 | $37,108,403 | Year1Amt |
| Year2 | $14,819,238 | Year2Amt |
| Year3 | $561,586 | Year3Amt |
| Total | $88,953,987 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $72,954 | CurrentYearAmt |
| Year1 | $68,318 | Year1Amt |
| Year2 | $24,633 | Year2Amt |
| Year3 | $3,557 | Year3Amt |
| Total | $169,462 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| CHARTER SCHOOL RENTS | $1,390,716 |
| FOOD SERVICE INCOME | $499,538 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $1,890,254 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,890,254 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 01a | TO PROVIDE EDUCATIONAL RENTAL SPACE TO CHARTER SCHOOLS AT BELOW MARKETRATES |
| 01b | REIMBURSEMENTS FOR MEALS PROVIDED TO LOW INCOME STUDENTS |
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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| LONGWOOD FOUNDATION | ||||||
| 1 | 100 WEST 10TH STREET SUITE 1109 | WILMINGTON | DE | 19801 | $1,000,000 | Yes (X) |
| DUPONT CORPORATE CONTRIBUTIONS | ||||||
| 2 | 1007 MARKET STREET | WILMINGTON | DE | 19898 | $200,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $37,206 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $37,206 | DisbursementsCharitablePrpsAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | BOND | AmortizedExpensesDesc |
| Acquired Completed Or Expended | 2014-05-31 | AcquiredCompletedOrExpendedDt |
| Amortized | $264,612 | AmortizedAmt |
| Deduction For Prior Years | $1,470 | DeductionForPriorYearsAmt |
| Amortization Period | 30 | AmortizationPeriodRt |
| Current Year Amortization | $8,820 | CurrentYearAmortizationAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Total Amortization | $10,290 | TotalAmortizationAmt |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| WOHLSEN CONSTRUCTION COMPANY |
| SCHOOL CONSTRUCTION SERVICES |
| SAUL EWING LLP |
| LEGAL SERVICES |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (6 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| OFFICE COMPUTER | 2012-08-06 | $1,298 | $379 | SL | 5 | $260 | $0 | $0 |
| OFFICE PRINTER | 2013-03-26 | $1,199 | $349 | SL | 5 | $240 | $0 | $0 |
| OFFICE COMPUTER | 2013-04-24 | $1,199 | $350 | SL | 5 | $240 | $0 | $0 |
| BUILDING AND CONSTRUCTION | 2014-07-01 | $33,573,288 | $0 | SL | 39 | $753,883 | $0 | $0 |
| PS 5 FURNITURE AND EQUIPMENT | 2014-07-01 | $813,884 | $0 | SL | $118,650 | $0 | $0 | |
| OFFICE COMPUTER | 2014-09-03 | $2,443 | $0 | SL | $403 | $0 | $0 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | RESTRICTED CASH FOR EQUIPMENT | CategoryOrItemTxt |
| Book Value | $0 | BookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| LAND | $1,981,506 | $0 | $1,981,506 | $0 |
| BUILDING | $6,562,350 | $0 | $6,562,350 | $0 |
| CONSTRUCTION IN PROGRESS | $6,286,254 | $0 | $6,286,254 | $0 |
| OFFICE FURNITURE AND EQUIPMENT | $3,696 | $0 | $3,696 | $0 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL SERVICES | CategoryTxt |
| Legal Fees | $70,589 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $102,247 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (3 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | InterestInterestRt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|
| CAPITAL ONE | |||||
| $0 | $24,300,000 | 0 | CONSTRUCTION - SERIES 2014 | TERM LOAN - BANK | $0 |
| CAPITAL ONE | |||||
| $0 | $4,718,515 | 0 | OPERATIONAL LINE OF CREDIT | TERM LOAN - BANK | $0 |
| CAPITAL ONE | |||||
| $0 | $2,800,000 | 0 | TERM LOAN - BANK | $0 | |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BOND ISSUANCE COSTS | Desc |
| BOY Book Value | $263,146 | BOYBookValueAmt |
| EOY Book Value | $254,326 | EOYBookValueAmt |
| EOYFMV | $254,326 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOSS ON SWAP AGREEMENT | Desc |
| Amt | $215,500 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| EQUIPMENT | $113,390 | $0 | $0 | $105,957 |
| OFFICE EXPENSES | $74,420 | $0 | $0 | $81,387 |
| INSURANCE | $131,031 | $0 | $0 | $147,882 |
| DUES AND SUBSCRIPTIONS | $2,039 | $0 | $0 | $0 |
| PROGRAM FACILITIES RENT | $62,920 | $0 | $0 | $62,920 |
| SUPPLIES | $67,752 | $0 | $0 | $58,873 |
| SYSTEMS | $34,923 | $0 | $0 | $30,069 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| CONSTRUCTION RETAINAGE PAYABLE | $1,202,673 | $0 |
| DERIVATIVE CONTRACT - INTEREST SWAP | $352,582 | $568,082 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL SERVICES | CategoryTxt |
| Amt | $722,536 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $703,145 | DisbursementsCharitablePrpsAmt |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LOW INCOME STUDENT MEAL REIMB | CategoryTxt |
| Gross Sales | $499,538 | GrossSalesAmt |
| Cost Of Goods Sold | $432,765 | CostOfGoodsSoldAmt |
| Net | $66,773 | NetAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| LONGWOOD FOUNDATION | |||
| 100 WEST 10TH STREET | Wilmington | DE | 19801 |
| CAPITAL ONE | |||
| 1 SOUTH ORGANGE ST | Wilmington | DE | 19801 |
| BANK OF AMERICA | |||
| 1100 N KING STREET | Wilmington | DE | 19884 |
| MT Bank | |||
| 1100 NORTH MARKET STREET | WILMINGTON | DE | 19801 |
| DELAWARE COMMUNITY FOUNDATION | |||
| PO BOX 1636 | WILMINGTON | DE | 19899 |
| DUPONT CORPORATE CONTRIBUTIONS | |||
| 1007 MARKET STREET | WILMINGTON | DE | 19898 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PAYROLL TAXES | $40,631 | $0 | $0 | $40,631 |
| OTHER PROPERTY TAXES | $67,445 | $0 | $0 | $32,584 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE COMMUNITY EDUCATION REALTY CORP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1200 NORTH FRENCH STREET | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 464092933 | EIN |
| Desc | FORMED EXCLUSIVELY TO FURTHER THE PURPOSES OF THE CEB | Desc |
| Amt | $0 | Amt |