Tr Aqua Via Corp

Not tax-deductible

Charlotte, NCMutual-benefit / member-servingSince 2011Community DevelopmentEIN 45-3717665Revenue $1.8M in FY2025

On file with the IRS300 S Tryon St Ste 2500, 28202-0135 · Charlotte, NCTax-exempt since Aug 2014

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94¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $5.2M a year · 91% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 6% of spending
Top officer’s pay lower than 77% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$196K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-94% vs prior year
Spent
$1.7M
To programs
94%
Net assets
$35.6M
By yearFY2020–FY2025
Revenue
$1.8M
FY2025▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$220K
FY2022$732K
FY2023$699K
FY2024$29.6M
FY2025$1.8M
Expenses
$1.7M
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$77K
FY2021$15K
FY2022$47K
FY2023$44K
FY2024$1.2M
FY2025$1.7M
Net assets
$35.6M
FY2025▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$32.0M
FY2021$29.5M
FY2022$29.6M
FY2023$16.3M
FY2024$35.3M
FY2025$35.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.6M Management & general 6% · $106K

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

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Who runs it and what they're paid

2 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Non-Member Manager
$106,305Pt VII · Sec A
Director
$0Pt VII · Sec A

Barings LLC’s $106K as Non-Member Manager is at the 23rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Barings LLC$106,305$86,881$43,665

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds title to property for tax-exempt organizations.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

TR aqua via corp. Operates as a title holding corporation within the meaning of irc section 501(c)(25) and holds title to real property on behalf of teachers' retirement system of the state of illinois (retirement system). The organization collects the income from the property and remits it to the retirement system.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Other incomeLn 4–11$1.7M
Gifts and grantsLn 1h$114K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$106K
Owns and owesPt X
$35.6M
net assets · Ln 32
Cash and savingsLn 1–2$273K
Total assetsLn 16$35.8M
LiabilitiesLn 26$196K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Other incomeLn 4–11$1.7M
Gains on assetsLn 7$0
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$273K
Cash and savings togetherLn 1–2$273K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$43.0M
Other assetsLn 15−$7.6M
Total assetsLn 16$35.8M
LiabilitiesLn 26$196K
Net assetsLn 32$35.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$281K$273K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$42.9M$43.0M
Total assetsLn 16$35.5M$35.8M
LiabilitiesLn 26$163K$196K
Net assetsLn 32$35.3M$35.6M
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$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$106K$106K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
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$0
InsuranceLn 23$0
Total functional expensesLn 25$1.7M$1.6M$106K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.8M$1.7M$73K$35.6M 990 PDF
FY2024 $29.6M$1.2M$28.4M$35.3M 990 PDF
FY2023 $699K$44K$655K$16.3M 990 PDF
FY2022 $732K$47K$685K$29.6M 990 PDF
FY2021 $220K$15K$205K$29.5M 990 PDF
FY2020 $1.2M$77K$1.2M$32.0M 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 FY2025 990 (6 parts)
Part I · Summary $1,815,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,199,317$114,354
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,390,103$1,700,895
I-12 Total revenuePrior year $29,589,420$1,815,249
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,106,655$1,635,768
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $86,881$106,305
I-18 Total expensesPrior year $1,193,536$1,742,073
I-19 Revenue less expensesPrior year $28,395,884$73,176
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,815,249 across 8 lines filed
VIII-1d Related organizations$114,354
VIII-1h Total contributions, gifts and grants$114,354
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $1,700,895$1,700,895
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,700,895$1,815,249
Part IX · Statement of functional expenses $1,742,073 across 29 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 membersPrograms $1,635,768$1,635,768
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $106,305$106,305
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
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 amortization$0
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $1,635,768 · Management $106,305$1,742,073
Part X · Balance sheet $35,762,556 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $280,582$273,460
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $21,302$33,471
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $54,907$55,625
X-10c Land, buildings and equipment, netStart of year $42,898,609$42,998,529
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year −$7,798,609−$7,598,529
X-16 Total assetsStart of year $35,456,791$35,762,556
X-17 Accounts payable and accrued expensesStart of year $59,196$89,522
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $29,552$15,691
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $74,477$90,521
X-26 Total liabilitiesStart of year $163,225$195,734
X-32 Total net assets or fund balancesStart of year $35,293,566$35,566,822
X-33 Total liabilities and net assetsStart of year $35,456,791$35,762,556
Part XI · Reconciliation of net assets $35,566,822 net assets at year end
XI-1 Total revenue$1,815,249
XI-2 Total expenses$1,742,073
XI-3 Revenue less expenses$73,176
XI-4 Net assets at start of year$35,293,566
XI-5 Net unrealized gains (losses) on investments$200,080
XI-10 Net assets at end of year$35,566,822

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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