2023-08-25T11:57:50-05:00 2022-12-31 680000424 BFBA LLP 83 SCRIPPS DRIVE STE 210 SACRAMENTO CA 95825 990 2022-01-01 237058078 I'SOT INC ISOT 5302335151 PO BOX 125 CANBY CA 96015 LARRY MANN PRESIDENT 5302335151 2023-08-24 1 LARRY MANN 999009999 0 PATRICIA A FAITH P00294123 9169240800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LARRY MANN PO BOX 125 CANBY CA 96015 3796391 0 X X 1969 CA SEE SCHEDULE O 8 7 0 50 0 0 226456 2899166 413505 401188 23410 45040 25906 357 689277 3345751 0 0 4796 7786 0 0 0 0 0 659212 668774 664008 676560 25269 2669191 2714265 5293385 1165867 1155360 1548398 4138025 X TO PROMOTE THE LIVING AND TEACHING OF THE PRINCIPLES OF JESUS CHRIST AND TO AID THOSE PERSONS WHO HAVE LOST THEIR WAY EITHER PHYSICALLY, MENTALLY OR SPIRITUALLY, AND TO PROVIDE A FAMILY ENVIRONMENT WHERE THOSE WHO HAVE LOST THEIR WAY CAN BE TAUGHT OR REUNITED WITH THE BASIC LAWS OF RESPONSIBILITY TOWARD GOD, THEIR FELLOW MAN AND THEMSELVES. 0 0 625462 410186 I'SOT, I'SOT SCHOOL, BETH-EL AND MENORAH.I'SOT INC. IS A CALIFORNIA NON-PROFIT ORGANIZATION WITH A BRANCH IN IDAHO. ESTABLISHED SINCE 1969, I'SOT INC.'S PRIMARY MISSION IS TO PROVIDE HOMES AND HELP THOSE WHO HAVE LOST THEIR WAY PHYSICALLY, MENTALLY OR EMOTIONALLY. IN ORDER TO FULFILL THIS PURPOSE, I'SOT HAS ESTABLISHED A RELIGIOUS COMMUNITY AS WELL AS VARIOUS BUSINESSES PROVIDING SPECIFIC CARE AND OUTREACH TO THOSE FAMILIES AND INDIVIDUALS. I'SOT PRIVATE SCHOOL IS REGISTERED WITH THE STATE OF CALIFORNIA AND PROVIDES INSTRUCTION FOR GRADES K-12. MENORAH PRODUCTIONS (MP) A DBA OF I'SOT SPECIALIZES IN VIDEO, GRAPHIC ARTS AND PUBLICATIONS AND ALSO RUNS A THRIFT SHOP TO PROVIDE HOUSEHOLD AND CLOTHING GOODS AT LOW/NO COST. ALL MP INCOME GOES TO SUPPORT THE MINISTRY. -8641 MODOC WEST AND EL RANCHO APARTMENTS. MODOC WEST APARTMENTS LOCATED IN ALTURAS, CALIFORNIA IS A 12 UNIT LOW-INCOME HOUSING PROJECT ACQUIRED IN 1997. THIS COMPLEX IS A USDA RURAL DEVELOPMENT PROGRAM WITH FULL RENTAL SUBSIDY PROVIDED FOR THE TENANTS. EL RANCHO APARTMENTS OPERATING SINCE 1992 HAS 15 VERY-LOW AND LOW INCOME STUDIO AND ONE BEDROOM APARTMENTS AVAILABLE FOR RESIDENTS OF MODOC COUNTY, CALIFORNIA. EL RANCHO APARTMENTS IS A CALIFORNIA HOUSING REHABILITATION PROGRAM (CHRP-R) UNDER THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT. 625462 1 1 0 0 0 0 0 0 0 0 1 1 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 1 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 7 1 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X GRETA ELLIOTT 5302335151 PO BOX 125 CANBY CA 96015 X LARRY MANN PRESIDENT 2.00 X X 0 0 0 LARRY TROTTER VICE PRESIDENT 2.00 X X 0 0 0 SIGNE SCHRIJN SECRETARY 4.00 X X 0 0 0 DONALD DEARDORFF TREASURER 4.00 X X 0 0 0 ARIEL MANN MEMBER 1.00 X 0 0 0 ANTHONY VAZQUEZ MEMBER 1.00 X 0 0 0 PAMELA SIMON MEMBER 1.00 X 0 0 0 ERIC JOHNSON MEMBER 1.00 X 0 0 0 DAVID PACY MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 292819 2606347 2606347 2899166 MEMBERSHIP DUES/ASSESS 624100 288824 288824 I'SOT SCHOOL/PROJECTS 611600 110064 110064 EL RANCHO & MODOC WEST 531390 2300 2300 401188 23759 23759 184797 195738 -10941 -10941 -10941 146497 129686 170981 83921 -24484 45765 21281 21281 11298 0 11298 11298 3345751 401545 0 45040 7786 7786 21579 21579 2628 2628 138593 126975 11618 189222 182544 6678 73233 71231 2002 412 412 75292 75292 44710 44710 FOOD EXPENSES 106049 106049 TAXES AND LICENSES 10463 10463 OUTSIDE CONTRACTS 5600 5600 PAYROLL TAXES 888 888 105 105 676560 625462 51098 0 374023 271831 5595 13012 232373 399851 58092 49652 64519 62606 7195780 3734401 931136 3461379 1048527 1035054 2714265 5293385 59743 41858 1092374 628101 13750 485401 1165867 1155360 X 2199639 4797907 -651241 -659882 1548398 4138025 2714265 5293385 2669191 -79564 0 X X 1 X 0 1 0 X 1762576 1287111 841342 547733 3187990 7626752 1762576 1287111 841342 547733 3187990 7626752 2518833 5107919 150469 159776 165686 214308 208556 898795 8525547 1944412 0.59910 0.86640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 461783 461783 4776353 4776353 574823 574823 1382821 1382821 3734401 -3734401 3461379 TRADED SECURITIES 1035054 F 1035054 SECURITY DEPOSIT 13450 ACCRUED INTEREST EXPENSE 471951 485401 3459297 -79564 195738 116174 3343123 2628 2628 3345751 869670 195738 195738 673932 2628 2628 676560 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED RENTAL EXPENSES INCLUDED IN NET 195,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED RENTAL EXPENSES INCLUDED IN NET 195,738. X 1 4000 FMV X 1 2602347 FMV 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION I'SOT INC. PROVIDES THE FOLLOWING SIGNIFICANT ACTIVITIES: PROVIDING HOMES FOR THOSE WHO HAVE LOST THEIR WAY, LOW-INCOME APARTMENT HOUSING, A PRIVATE SCHOOL FOR KINDERGARTEN TO 12TH GRADE AND PRODUCE MULTIMEDIA. FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - LARRY MANN - FAMILY & BUSINESS RELATIONSHIP DAVID PACY - FAMILY & BUSINESS RELATIONSHIP LARRY TROTTER - FAMILY & BUSINESS RELATIONSHIP DONALD DEARDORFF - FAMILY RELATIONSHIP ARIEL MANN - FAMILY RELATIONSHIP ALL LISTED ABOVE HAVE FAMILY RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - I'SOT HAS CONTRACTED WITH MBS PROPERTY MANAGEMENT CO. TO MANAGE MODOC WEST AND EL RANCHO. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THERE ARE CURRENTLY 9 DIRECTORS SERVING 3 YEAR TERMS. EACH YEAR 3 POSITIONS COME UP FOR ELECTION. TO BECOME A MEMBER CERTAIN QUALIFICATIONS MUST BE MET. NEW MEMBERS ARE APPROVED BY THE BOARD ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - EACH VOTING MEMBER IS PROVIDED WITH A COPY OF THE PREPARED 990 EITHER ELECTRONICALLY OR IN PAPER FORM PRIOR TO ITS FILING. THE REVIEW OF THE 990 WILL OCCUR IN ONE OF TWO WAYS. A REGULAR BOARD MEETING (OR AT A SPECIAL MEETING CALLED TO REVIEW THE 990) WILL BE HELD WHERE THE TREASURER WILL MAKE A PRESENTATION AND ANSWER QUESTIONS. MEETING MINUTES WILL DOCUMENT THE REVIEW AND APPROVAL PROCESS. OR EACH BOARD MEMBER WILL REVIEW THEIR COPY OF THE 990 DIRECTING ANY QUESTIONS OR COMMENTS TO THE TREASURER OR BUSINESS DIRECTOR AND SIGN A WRITTEN RESOLUTION INDICATING APPROVAL WITHOUT A MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED THE FOLLOWING REQUIREMENTS RELATING TO THEIR CONFLICT OF INTEREST POLICY: (1) ON AN ANNUAL BASIS ALL DIRECTORS, THE EXECUTIVE DIRECTOR (ED), MEMBERS OF SENIOR MANAGEMENT, AND EMPLOYEES WITH PURCHASING AND/OR HIRING RESPONSIBILITIES OR AUTHORITY SHALL MAKE A WRITTEN DISCLOSURE TO THE ED AND THE CHAIR OF THE AUDIT COMMITTEE OF ALL REPORTABLE CONFLICTS; (2) PRIOR TO THE PREPARATION OF THE DISCLOSURE STATEMENTS, THE ACCOUNTING DEPARTMENT SHALL DISTRIBUTE TO THE PERSONS IDENTIFIED IN THE PRECEDING STEP A LIST OF ALL VENDORS WITH WHOM THE ORGANIZATION HAS TRANSACTED BUSINESS AT ANY TIME DURING THE PRECEDING YEAR, ALONG WITH A COPY OF THE DISCLOSURE STATEMENT; (3) THE ED SHALL REVIEW ALL FORMS COMPLETED BY EMPLOYEES, AND THE AUDIT COMMITTEE SHALL REVIEW ALL FORMS COMPLETED BY THE ED, AND DETERMINE APPROPRIATE RESOLUTION IN ACCORDANCE WITH THE NEXT SECTION OF THIS POLICY. ALL REAL OR APPARENT CONFLICTS OF INTEREST SHALL BE DISCLOSED TO THE AUDIT COMMITTEE AND THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE AUDIT COMMITTEE SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING DIRECTORS, THE ED, AND OTHER MEMBERS OF SENIOR MANAGEMENT. THE ED SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING EMPLOYEES BELOW THE SENIOR MANAGEMENT LEVEL, SUBJECT TO THE APPROVAL OF THE AUDIT COMMITTEE. 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. ANYONE APPEARING IN PERSON AT THE OFFICES OF THE ORGANIZATION DURING NORMAL WORKING HOURS MAKING A REQUEST TO INSPECT THE FORMS WILL BE GRANTED ACCESS TO A FILE COPY OF THE FORMS. FOR ALL WRITTEN REQUESTS FOR COPIES OF THE FORMS, THE ORGANIZATION SHALL REQUIRE PREPAYMENTS AND SHIPPING CHARGES. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING THE ORGANIZATION HAS NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR.