Wra Building Corporation
- Assets
- $18.4m
- Revenue
- $644.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greeley, CO
- Founding
- 04/2018
- Data as of
- 06/2020
- EIN
- 81-0804029
Organization Overview
Wra Building Corporation is located in Greeley, CO. The organization was established in 2018. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wra Building Corporation 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 06/2020, Wra Building Corporation generated $644.9k in total revenue. All expenses for the organization totaled $648.3k during the year ending 06/2020. While expenses have increased by 26.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OWNS SCHOOL FACILITIES AND LEASES THEM TO WEST RIDGE ACADEMY(WRA), A COLORADO LOCAL GOVERNMENT CHARTER SCHOOL. THE CORPORATION IS RESPONSIBLE FOR PAYMENT OF TAX-EXEMPT DEBT ACQUIRED TO BUILD THE SCHOOL FACILITIES, AND, CONSEQUENTLY, HAS CONTRACTED WITH WRA TO PROVIDE SUFFICIENT LEASE INCOME TO SERVICE THIS DEBT UNTIL FULLY PAID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNS LAND AND SCHOOL FACILITIES OCCUPIED BY WEST RIDGE CHARTER ACADEMY. COLLECTS LEASE INCOME FROM THE SCHOOL AND SERVICES DEBT ATTACHED TO THE FACILITIES.
INVESTS EXCESS FUNDS IN FURTHERANCE OF THE COMPANY'S MISSION TO ASSIST WITH PAYMENTS ON DEBT.
OWNS LAND AND SCHOOL FACILITIES OCCUPIED BY WEST RIDGE CHARTER ACADEMY. COLLECTS LEASE INCOME FROM THE SCHOOL AND SERVICES DEBT ATTACHED TO THE FACILITIES.
INVESTS EXCESS FUNDS IN FURTHERANCE OF THE COMPANY'S MISSION TO ASSIST WITH PAYMENTS ON DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Barth Secretary | OfficerTrustee | 0.25 | $0 |
Kenneth Dyer President | OfficerTrustee | 0.25 | $0 |
John Boyd Treasurer | OfficerTrustee | 0.25 | $0 |
Brian Bartels Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $34,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $452,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,888 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $648,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,987,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,361,225 |
| Other assets | $0 |
| Total assets | $18,431,690 |
| Accounts payable and accrued expenses | $38,551 |
| Grants payable | $0 |
| Deferred revenue | $704,681 |
| Tax-exempt bond liabilities | $10,310,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,053,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,378,458 |
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