Rlg Land Foundation
- Assets
- $24.5m
- Revenue
- $1.8m
- Investments
- $717.9k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 01/2012
- Data as of
- 06/2023
- EIN
- 27-4299338
Organization Overview
Rlg Land Foundation is located in Bakersfield, CA. The organization was established in 2012. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rlg Land Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rlg Land Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILD AND MAINTAIN SCHOOL BUILDINGS AND LAND ON WHICHCHARTER SCHOOLS AND EDIBLE SCHOOL GARDENS OPERATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa D Grimm President | 1 | $0 | |
Catherine Card Cfo/secretary | 1 | $0 | |
William Phillimore Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $93,634 |
| Net Rental Income | -$377,053 |
| Net Gain on Sale of Assets | $5,177 |
| Capital Gain Net Income | $5,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,272 |
| Total Revenue | $1,759,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,212,717 |
| Taxes | $7,814 |
| Depreciation | $741,786 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $168,698 |
| Total operating and administrative expenses | $2,148,664 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,148,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,859 |
| Savings and temporary cash investments | $4,416 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $20,730,388 |
| Other assets | $2,883,839 |
| Total assets | $24,459,404 |
| Accounts payable and accrued expenses | $11,647 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $22,961,574 |
| Other liabilities | $748,978 |
| Total liabilities | $23,722,199 |