Tr Aqua Via Corp FY2021 filing

Not tax-deductible

Charlotte, NCMutual-benefit / member-servingSince 2011Community DevelopmentEIN 45-3717665Revenue $220K in FY2021

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

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FY2021 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
88 mo
of spending, in cash
Looks good: 88.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28.3M
49% of total assets
Looks good: liabilities are 49% 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
$220K
-82% vs prior year
Spent
$15K
To programs
0%
Net assets
$29.5M
By yearFY2020–FY2025
Revenue
$220K
FY2021▼ -82%
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
$15K
FY2021▼ -81%
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
$29.5M
FY2021▼ -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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

What each dollar paid for.

Management & general 100% · $15K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$0Pt VII · Sec A
VP/Asst Sec
$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.

Questions for Tr Aqua Via Corp

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Provided by the organization

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1 program · in their own filed words · FY2020
01

TR aqua via corp. Operates as a title holding corporation withinthe meaning of irc section 501(c)(25) and holds title to realproperty on behalf of teachers' retirement system of the state ofillinois (retirement system). The organization collects the incomefrom 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$220K
Ln 12
Other incomeLn 4–11$219K
Investment incomeLn 3$353
Money outPt IX
$15K
Ln 25
Managementcol C$15K
Owns and owesPt X
$29.5M
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$57.9M
LiabilitiesLn 26$28.3M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$353
Other incomeLn 4–11$219K
Total revenueLn 12$220K
Assets in detailPt X, end of year
SavingsLn 2$110K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$42.2M
Other assetsLn 15$15.3M
Total assetsLn 16$57.9M
LiabilitiesLn 26$28.3M
Net assetsLn 32$29.5M
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 FY21End FY21
Cash and savingsLn 1–2$172K$110K
Land, buildings, equipmentLn 10c$41.9M$42.2M
Total assetsLn 16$60.5M$57.9M
LiabilitiesLn 26$28.4M$28.3M
Net assetsLn 32$32.0M$29.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Total functional expensesLn 25$15K$0$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $219,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$353
I-11 Other revenuePrior year $1,233,874$219,498
I-12 Total revenuePrior year $1,233,874$219,851
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $77,117$14,879
I-18 Total expensesPrior year $77,117$14,879
I-19 Revenue less expensesPrior year $1,156,757$204,972
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 $219,851 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $353$353
VIII-6 Net rental income or lossExcluded from tax $219,498$219,498
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $219,851$219,851
Part IX · Statement of functional expenses $14,879 across 1 line filed
IX-11a Management feesManagement $14,879$14,879
IX-25 Total functional expensesPrograms $0 · Management $14,879 · Fundraising $0$14,879
Part X · Balance sheet $57,850,353 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $171,884$109,669
X-4 Accounts receivableStart of year $27,554$63,680
X-9 Prepaid expenses and deferred chargesStart of year $96,426$136,027
X-10c Land, buildings and equipment, netStart of year $41,919,395$42,228,975
X-15 Other assetsStart of year $18,239,795$15,312,002
X-16 Total assetsStart of year $60,455,054$57,850,353
X-17 Accounts payable and accrued expensesStart of year $350,131$215,646
X-19 Deferred revenueStart of year $10,741$41,471
X-25 Other liabilitiesStart of year $74,850$70,241
X-26 Total liabilitiesStart of year $28,435,722$28,327,358
X-32 Total net assets or fund balancesStart of year $32,019,332$29,522,995
X-33 Total liabilities and net assetsStart of year $60,455,054$57,850,353
Part XI · Reconciliation of net assets $29,522,995 net assets at year end
XI-1 Total revenue$219,851
XI-2 Total expenses$14,879
XI-3 Revenue less expenses$204,972
XI-4 Net assets at start of year$32,019,332
XI-5 Net unrealized gains (losses) on investments−$2,909,580
XI-9 Other changes in net assets$208,270
XI-10 Net assets at end of year$29,522,995

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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