Schoolyard Square FY2023 filing

Tax-deductible

Myerstown, PA501(c)(3)HousingEIN 35-2508751

Schoolyard Square was created to provie housing, healthcare and other related services to elderly residents through the operation of a 6-unit personal care facility located in Pine Grove, PA.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $135K a year · 21% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.7M
245% of total assets
Concern: liabilities are 245% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
+31% vs prior year
Spent
$467K
To programs
100%
Net assets
−$2.8M
By yearFY2020–FY2024
Revenue
$410K
FY2023▲ +31%
Revenue by fiscal year
FY2020$1.1M
FY2021$877K
FY2022$314K
FY2023$410K
FY2024$436K
Expenses
$467K
FY2023▼ -2%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.0M
FY2022$478K
FY2023$467K
FY2024$548K
Net assets
−$2.8M
FY2023▼ -2%
Net assets by fiscal year
FY2020−$2.4M
FY2021−$2.5M
FY2022−$2.7M
FY2023−$2.8M
FY2024−$2.9M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $466K Management & general 0% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President/CEO
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Trustee
$0Pt VII · Sec A
See Schoolyard Square executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and healthcare services for elderly residents in a personal care facility.

Provided by the organization

This section is blank until Schoolyard Square claims this page.

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1 program service account for $466K of program spending, described in the organization's own filed words · FY2023.
01

Independent Living

Provide services and facilities to persons in need of an independent living level of care.

$466Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Fees for servicesLn 2g$402K
Other incomeLn 4–11$9K
Money outPt IX
$467K
Ln 25
Programscol B$466K
Managementcol C$2K
Owns and owesPt X
−$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$1.9M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$402K
Other incomeLn 4–11$9K
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$4.7M
Net assetsLn 32−$2.8M
OperationsPt I, VI
EmployeesI 529
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$84K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.0M$1.9M
LiabilitiesLn 26$4.8M$4.7M
Net assetsLn 32−$2.7M−$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$45K$45K
Pension plan contributionsLn 8$962$962
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$70K$70K
Information technologyLn 14$26K$26K
RoyaltiesLn 15$0
OccupancyLn 16$98K$98K
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$138K$138K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$0
Total functional expensesLn 25$467K$466K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $436K$548K−$112K−$2.9M 990 PDF
FY2023 Viewing $410K$467K−$57K−$2.8M 990 PDF
FY2022 $314K$478K−$164K−$2.7M 990 PDF
FY2021 $877K$1.0M−$144K−$2.5M 990 PDF
FY2020 $1.1M$1.3M−$200K−$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $410,494 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $401,543$401,543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,951$8,951
VIII-12 Total revenueRelated to mission $410,494$410,494
Part IX · Statement of functional expenses $467,218 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $44,648$44,648
IX-8 Pension plan contributionsPrograms $962$962
IX-9 Other employee benefitsPrograms $19,411$19,411
IX-10 Payroll taxesPrograms $4,267$4,267
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $1,514$1,514
IX-11g Other fees for servicesPrograms $9,541$9,541
IX-12 Advertising and promotionPrograms $2,089$2,089
IX-13 Office expensesPrograms $70,275$70,275
IX-14 Information technologyPrograms $26,009$26,009
IX-15 Royalties$0
IX-16 OccupancyPrograms $98,480$98,480
IX-17 TravelPrograms $3,944$3,944
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $137,819$137,819
IX-23 InsurancePrograms $21,603$21,603
IX-24 Other expenses (24a–d)Programs $26,656$26,656
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $465,704 · Management $1,514 · Fundraising $0$467,218
Part X · Balance sheet $1,906,562 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,819$83,647
X-4 Accounts receivableStart of year $7,410$6,091
X-9 Prepaid expenses and deferred chargesStart of year $95,623$16,848
X-10c Land, buildings and equipment, netStart of year $1,894,795$1,762,847
X-14 Intangible assetsStart of year $38,342$37,129
X-16 Total assetsStart of year $2,045,761$1,906,562
X-17 Accounts payable and accrued expensesStart of year $1,754,047$1,670,485
X-25 Other liabilitiesStart of year $3,000,000$3,000,000
X-26 Total liabilitiesStart of year $4,754,047$4,670,485
X-27 Net assets without donor restrictionsStart of year −$2,708,286−$2,763,923
X-32 Total net assets or fund balancesStart of year −$2,708,286−$2,763,923
X-33 Total liabilities and net assetsStart of year $2,045,761$1,906,562
Part XI · Reconciliation of net assets −$2,763,923 net assets at year end
XI-1 Total revenue$410,494
XI-2 Total expenses$467,218
XI-3 Revenue less expenses−$56,724
XI-4 Net assets at start of year−$2,708,286
XI-8 Prior period adjustments$1,087
XI-10 Net assets at end of year−$2,763,923

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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