2024-05-15T16:59:14-05:00 2023-06-30 PATTILLO BROWN & HILL LLP PO BOX 20725 WACO TX 767020725 990 2022-07-01 811174136 LIVE OAK CLASSICAL PROPERTIES LIVE 2547141007 P O BOX 647 WACO TX 76703 ALISON MOFFATT HEAD OF SCHOOL 2547141007 2024-05-15 ALISON MOFFATT 999009999 1 SHARON HERWALD P00079864 2547724901 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALISON MOFFATT P O BOX 647 WACO TX 76703 556760 0 X N/A X 2015 TX TO HOLD TITLE TO REAL PROPERTY FOR THE USE OF LIVE OAK CLASSICAL SCHOOL. 3 3 0 0 0 0 0 0 443394 556760 0 0 0 0 443394 556760 0 0 0 0 0 0 0 0 0 484213 307692 484213 307692 -40819 249068 12327411 12723771 972097 877598 11355314 11846173 TO HOLD TITLE TO REAL PROPERTY FOR THE USE OF LIVE OAK CLASSICAL SCHOOL. 0 0 307692 TO SERVE AS A TITLE HOLDING ORGANIZATION FOR LIVE OAK CLASSICAL SCHOOL. THE ORGANIZATION WILL COLLECT RENTAL INCOME FROM LIVE OAK CLASSICAL SCHOOL, REMIT PAYMENTS TO LENDERS ON REAL PROPERTY NOTES, AND TURN OVER THE INCOME LESS EXPENSES TO LIVE OAK CLASSICAL SCHOOL. 307692 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X DONNA ZEMANEK 2547141007 400 S 4TH ST WACO TX 76706 X SCOTT OMO PRESIDENT 1.00 X 0 0 0 CALLIE SHRANK SECRETARY 1.00 X 0 0 0 COLT KELLY BOARD MEMBER 1.00 X 0 0 0 ALISON MOFFATT HEAD OF SCHOOL 0.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531390 466710 466710 TRANSFERS IN FROM LOCF 531390 90050 90050 556760 556760 556760 0 0 20642 20642 287050 287050 307692 307692 0 0 3019 4860 14358570 1639659 12324392 12718911 12327411 12723771 3019 4860 969078 872738 972097 877598 X 11355314 11846173 11355314 11846173 12327411 12723771 X 249068 241791 X 0 0 0 2306353 2306353 12052217 1639659 10412558 12718911 X PART X, LINE 2: THE ORGANIZATION WAS GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. THE ORGANIZATION BEGAN COLLECTING UNRELATED BUSINESS TAXABLE INCOME ("UBTI") IN 2017 RELATED TO FEES CHARGED FOR PARKING AND HAS PREPARED A FORM 990-T TO PAY THE RELATED TAX. THEREFORE, A PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2023 AND 2022. THE ACCOUNTING STANDARDS ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UBTI. THE ORGANIZATION HAS RECOGNIZED UBTI FOR THE YEARS ENDED JUNE 30, 2023 AND 2022 AND RECORDED THE RELATED PROVISION FOR INCOME TAX IN THE AMOUNT OF $0 AND $0. THE ORGANIZATION'S TAX RETURNS ARE GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AFTER THREE YEARS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE BOARD BEFORE IT WAS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS THE POLICY ON AN ONGOING BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS CONTRIBUTED DURING THE YEAR FROM LOCF -90,050. NET ASSETS CONTRIBUTED DURING THE YEAR FROM LOCS 331,841.