2025-05-14T17:17:45-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2023-07-01 455233028 VALUE SCHOOLS FOUNDATION VALU 2133888695 680 WILSHIRE PLACE 308 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT 2133888695 2025-05-13 1 1 MARLEN GOMEZ P01306775 6268577300 2025-05-13 2023 2025-03-06 01:10:19Z DAVID DOYLE 680 WILSHIRE PLACE 308 LOS ANGELES CA 90005 4009314 0 X WWW.VALUESCHOOLS.COM X 2012 CA TO SUPPORT THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH PURCHASING AND OWNING SCHOOL'S FACILITIES. 11 11 0 11 0 0 1331266 821234 3200795 2876469 144584 246097 0 65514 4676645 4009314 401891 455005 0 0 0 0 0 0 32218 4029048 3993517 4430939 4448522 245706 -439208 55686775 54632028 50993916 50378377 4692859 4253651 X VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAINTAIN AND OPERATE AN EDUCATIONAL INSTITUTION, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONS AND OTHER SUPPORT TO CHARTER SCHOOLS, TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS, AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. 0 0 4415693 455005 2876469 THE FOUNDATION SUPPORTS CHARTER SCHOOLS UNDER VALUE SCHOOLS THROUGH THE PURCHASE AND OWNERSHIP OF SCHOOL FACILITIES, BUILDING RENOVATIONS, ETC. 4415693 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 CA X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE STE 308 LOS ANGELES CA 90005 GRANT CAMBRIDGE BOARD CHAIR 2.00 2.00 X X 0 0 0 AMANDA SWEENEY DIRECTOR 2.00 0.00 X 0 0 0 VINCE GONZALES DIRECTOR 2.00 2.00 X 0 0 0 JUAN BUSTAMANTE DIRECTOR 2.00 0.00 X 0 0 0 TOM LEVEE DIRECTOR 2.00 0.00 X 0 0 0 JAMES BRAY DIRECTOR 2.00 0.00 X 0 0 0 PETER HILDEBRANDT DIRECTOR 2.00 0.00 X 0 0 0 MATT O'CONNOR DIRECTOR 2.00 0.00 X 0 0 0 JODY FOLDESY DIRECTOR 2.00 0.00 X 0 0 0 NAYA BLOOM DIRECTOR 2.00 2.00 X 0 0 0 ANNIE WU DIRECTOR 2.00 0.00 X 0 0 0 TREVOR CONNON DIRECTOR 2.00 0.00 X 0 0 0 DAVID DOYLE PRESIDENT 2.00 40.00 X 0 155833 53351 LOREEN RILEY CEO 2.00 40.00 X 0 207225 59245 RHONDA HOFFARTH SECRETARY & TREASURER 2.00 40.00 X 0 176372 57004 0 539430 169600 0 0 1 0 BNF CONSOLIDATED CONTRACTING 680 WILSHIRE PL SUITE 308 LOS ANGELES CA 90005 GENERAL CONTRACTOR 199312 1 821234 821234 RENTAL INCOME 531390 2876469 2876469 2876469 246097 246097 REIMBURSEMENT 900099 65514 65514 65514 4009314 2876469 0 311611 415007 415007 39998 39998 593 593 76 58 18 3257 3257 1130819 1130819 1166 1166 700 700 1566679 1566679 832053 832053 MISC OPEERATING EXPENSE 424595 424595 FUNDRAISING EXPENSES 32218 32218 OTHER EXPENSES 1361 1361 4448522 4415693 611 32218 2051138 2459818 4340458 4103681 74145 31725608 5442438 27115223 26283170 22179956 21711214 55686775 54632028 898 3719 340704 94654 28275983 28292394 22376331 21987610 50993916 50378377 X 4692859 3676311 577340 4692859 4253651 55686775 54632028 -439208 0 X X 0 1 X 1 0 X 1396901 2422122 1000654 1331266 821234 6972177 1396901 2422122 1000654 1331266 821234 6972177 3021384 3950793 33184 387 2267 134635 246097 416570 8291 65514 73805 7462552 14064549 0.52940 0.50220 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REIMBURSEMENTS - 2020 AMOUNT: $ 8,291. 2023 AMOUNT: $ 65,514. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5512676 5512676 26062676 5292182 20770494 150256 150256 0 26283170 DEFERRED RENT ASSET 3339447 DEPOSITS 40444 ROU LEASE ASSET - OPERATING 18331323 21711214 BOND INTEREST PAYABLE 760388 RELATED PARTY PAYABLE 415006 GRANT FUNDS RESERVE 854125 ROU LEASE LIABILITY - OPERATING 19813669 DEFERRED RENT LIABILITY 144422 21987610 X 4009314 0 4009314 0 4009314 4448522 0 4448522 0 4448522 PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 VALUE SCHOOLS 680 WILSHIRE PLACE LOS ANGELES CA 90005 954813155 501 (C) (3) 415007 0 OPERATION OF SCHOOL 1 VALUE SCHOOL SCHOLARSHIP PROGRAM FUND 1 13000 0 0 0 0 0 0 0 0 0 LOREEN RILEY CEO 0 207225 0 0 0 0 0 42438 0 16807 0 266470 0 0 RHONDA HOFFARTH SECRETARY & TREASURER 0 176372 0 0 0 0 0 39788 0 17216 0 233376 0 0 DAVID DOYLE PRESIDENT 0 152518 0 3000 0 315 0 40958 0 12393 0 209184 0 0 PART I, LINE 3 IN FY23, A COMPENSATION STUDY WAS CONDUCTED BY A 3RD PARTY TO ESTABLISH PAY SCALES AND SALARY SCHEDULES FOR ALL CERTIFICATED STAFF AND THE NETWORK OFFICE STAFF, WHICH INCLUDED THE OFFICERS OF THE FOUNDATION. THE 3RD PARTY GATHERED COMPENSATION RANGES FROM OTHER COMPARABLE ENTITIES AND PRESENTED THEIR METHODOLOGY AND FINDINGS TO VALUE SCHOOL'S GOVERNING BOARD. THE GOVERNING BOARD REVIEWED AND APPROVED THESE PAY SCALES AND SALARY SCHEDULES, INCLUDING THAT OF THE CEO. EACH YEAR, VALUE SCHOOL'S GOVERNING BOARD DISCUSSES AND APPROVES, IN AN OPEN MEETING, THE COMPENSATION OF THE CEO FOR THE UPCOMING YEAR. A CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TDM8 2016-12-29 8090000 TO RENOVATE FACILITIES FOR VALUE SCHOOLS 0 0 0 B CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TGP8 2020-11-20 9473190 TO RENOVATE FACILITIES FOR VALUE SCHOOLS 0 0 0 C CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13058TSG6 2023-07-05 11666855 REFINANCING DEBT RELATED TO EDUCATIONAL FACILITIES 0 0 0 A 270000 8090000 535870 161800 7392330 2017 0 0 1 1 B 9473190 572150 182185 8718855 2022 0 0 1 1 C 11666855 230781 11436074 2023 0 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 1 0 0 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12 MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE BOARD MEMBERS, OFFICERS, EMPLOYEES, ETC., WHO ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. VSF SCHOOL FACILITIES #1 LLC 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 FACILITIES CA 3187641 52300781 VALUE SCHOOLS FOUNDATION VALUE SCHOOLS 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 954813155 MANAGEMENT OF CHARTER SCHOOLS CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0