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Codman Academy Realty Corp FY2022 filing

Dorchester, MAUnknown exempt organizationEIN 47-1018891

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To develop, initiate, and operate projects that provide educational services that are consistent with community needs in the dorchester, massachusetts area; and to support the Codman Academy school foundation and the Codman Academy charter public school.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $115K a year · 94% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
74 mo
of spending, in cash
Looks good: 73.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15.5M
76% of total assets
Worth a look: liabilities are 76% of assets; over 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$401K
+355% vs prior year
Spent
$15K
To programs
0%
Net assets
$4.9M
By yearFY2020–FY2023
Revenue
$401K
FY2022▲ +355%
Revenue by fiscal year
FY2020−$175K
FY2021−$157K
FY2022$401K
FY2023$419K
Expenses
$15K
FY2022▲ ×24
Expenses by fiscal year
FY2020$564
FY2021$612
FY2022$15K
FY2023$11K
Net assets
$4.9M
FY2022▲ +489%
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.3M
FY2022$4.9M
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Dawn Leaness
Director, President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Pamela Casna
Director
$0Pt VII · Sec A
See Codman Academy Realty Corp 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 15aNo

Programs and updates

Provides educational services and supports local schools in Dorchester, Massachusetts.

Provided by the organization

This section is blank until Codman Academy Realty Corp claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

Ownership and management of a building to house codman academy's K1-8TH grade school, fulfilling an educational need with the codman square community.

Pt IX · col B

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By the numbers

The FY2022 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$401K
Ln 12
Investment incomeLn 3$290K
Other incomeLn 4–11$111K
Money outPt IX
$15K
Ln 25
Managementcol C$15K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$20.4M
LiabilitiesLn 26$15.5M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$290K
Other incomeLn 4–11$111K
Total revenueLn 12$401K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$0
Cash and savings togetherLn 1–2$92K
Land, buildings, equipmentLn 10c$9.3M
Other assetsLn 15$10.9M
Total assetsLn 16$20.4M
LiabilitiesLn 26$15.5M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$158K$92K
Land, buildings, equipmentLn 10c$9.6M$9.3M
Total assetsLn 16$9.8M$20.4M
LiabilitiesLn 26$11.0M$15.5M
Net assetsLn 32−$1.3M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$15K$0$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $419K$11K$407K$0 990 PDF
FY2022 Viewing $401K$15K$386K$4.9M 990 PDF
FY2021 −$157K$612−$158K−$1.3M 990 PDF
FY2020 −$175K$564−$175K−$1.1M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $401,348 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $290,042$290,042
VIII-6 Net rental income or lossExcluded from tax $111,306$111,306
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $401,348$401,348
Part IX · Statement of functional expenses $14,954 across 1 line filed
IX-24 Other expenses (24a–d)Management $14,954$14,954
IX-25 Total functional expensesPrograms $0 · Management $14,954 · Fundraising $0$14,954
Part X · Balance sheet $20,370,698 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $136,744$91,837
X-2 Savings and temporary cash investmentsStart of year $21,199$0
X-9 Prepaid expenses and deferred chargesStart of year $12,353$50,092
X-10c Land, buildings and equipment, netStart of year $9,597,278$9,344,196
X-15 Other assetsStart of year $0$10,884,573
X-16 Total assetsStart of year $9,767,574$20,370,698
X-17 Accounts payable and accrued expensesStart of year $7,337$0
X-25 Other liabilitiesStart of year $3,300,426$15,464,371
X-26 Total liabilitiesStart of year $11,027,763$15,464,371
X-27 Net assets without donor restrictionsStart of year −$1,260,189$4,906,327
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year −$1,260,189$4,906,327
X-33 Total liabilities and net assetsStart of year $9,767,574$20,370,698
Part XI · Reconciliation of net assets $4,906,327 net assets at year end
XI-1 Total revenue$401,348
XI-2 Total expenses$14,954
XI-3 Revenue less expenses$386,394
XI-4 Net assets at start of year−$1,260,189
XI-8 Prior period adjustments$463,322
XI-9 Other changes in net assets$5,316,800
XI-10 Net assets at end of year$4,906,327

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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