KLARE HOLDINGS: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- KLARE HOLDINGS (EIN 26-3878865)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-03-26
- IRS object ID
- 202220859349300527
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule J
- Schedule K
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-03-26T19:28:11-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2210 EAST ROUTE 66 | AddressLine1Txt |
| City | GLENDORA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91740 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263878865 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KLARE HOLDINGS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KLAR | BusinessNameControlTxt |
| Phone | 2134894461 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 E FIRST STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90063 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KYLE SALYER | PersonNm |
| Person Title | CHIEF FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2134894461 | PhoneNum |
| Signature | 2022-03-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KYLE | PersonFirstNm |
| Person Last | SALYER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WADE MCMULLEN CPA | PreparerPersonNm |
| PTIN | P00541671 | PTIN |
| Phone | 6268577300 | PhoneNum |
| Preparation | 2022-03-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NOLAN HIGHBAUGH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 E FIRST STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,043,719 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $35,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,075,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $793,742 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,970 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,528,372 | PYOtherRevenueAmt |
| CY Other Revenue | $11,170,309 | CYOtherRevenueAmt |
| PY Total Revenue | $9,357,114 | PYTotalRevenueAmt |
| CY Total Revenue | $15,264,279 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,459,510 | PYOtherExpensesAmt |
| CY Other Expenses | $12,021,600 | CYOtherExpensesAmt |
| PY Total Expenses | $9,459,510 | PYTotalExpensesAmt |
| CY Total Expenses | $12,021,600 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$102,396 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,242,679 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $211,471,720 | TotalAssetsBOYAmt |
| Total Assets EOY | $259,758,492 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $210,902,117 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $255,962,436 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $569,603 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,796,056 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,397,295 | ExpenseAmt |
| Revenue | $11,108,054 | RevenueAmt |
| Desc | THE ORGANIZATION FINANCES, DEVELOPS, LEASES AND MAINTAINS CERTAIN SCHOOL FACILITIES TO HELP KIPP SOCAL PUBLIC SCHOOLS TO MORE EFFECTIVELY ACHIEVE ITS MISSION OF TOGETHER WITH FAMILIES AND COMMUNITIES, TO CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE- COLLEGE, CAREER AND BEYOND- SO THEY CAN LEAD FULFILLING LIVES AND CREATE A MORE JUST WORLD | Desc |
| Total Program Service Expenses | $11,397,295 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 3 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KYLE SALYER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2134894461 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 E FIRST STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90063 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt |
|---|---|---|---|---|---|---|---|
| NOLAN HIGHBAUGH | |||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JEFF STRNAD | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JASON WILLIAMS | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KYLE SALYER | |||||||
| CHIEF FINANCIAL OFFICER | 1.00 | Yes (X) | $0 | $226,799 | $30,213 | 45.00 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $226,799 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $30,213 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EPI CONSTRUCTION INC | |||||
| 12345 VENTURA BLVD SUITE H | STUDIO CITY | CA | 91604 | CONSTRUCTION CONTRACTOR | $12,978,148 |
| OLTMANS CONSTRUCTION CO INC | |||||
| 10005 MISSION MILL RD | WHITTIER | CA | 90601 | CONSTRUCTION CONTRACTOR | $7,762,351 |
| PACIFIC BUILDING GROUP | |||||
| 9752 ASPEN CREEK COURT SUITE 150 | SAN DIEGO | CA | 92126 | CONSTRUCTION CONTRACTOR | $4,665,574 |
| DEL AMO CONSTRUCTION INC | |||||
| 23840 MADISON STREET | TORRANCE | CA | 90505 | CONSTRUCTION CONTRACTOR | $1,059,675 |
| FRANCO ARCHITECTS INC | |||||
| 12345 VENTURA BLVD STE H | STUDIO CITY | CA | 91604 | ARCHITECTURAL SERVICES | $1,012,784 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $4,000,000 | RelatedOrganizationsAmt |
| All Other Contributions | $75,000 | AllOtherContributionsAmt |
| Total Contributions | $4,075,000 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,690 | TotalRevenueColumnAmt |
| Exclusion | $4,690 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,108,054 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,108,054 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,108,054 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,108,054 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,793,720 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,779,440 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,280 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,280 | TotalRevenueColumnAmt |
| Exclusion | $14,280 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER REVENUE | 900099 | $56,110 | $56,110 |
| REFUND PROPERTY TAX | 900099 | $6,145 | $6,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $62,255 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,264,279 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,108,054 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $81,225 | ExclusionAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,260 | TotalAmt |
| Management And General | $16,260 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,575 | TotalAmt |
| Management And General | $22,575 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,252 | TotalAmt |
| Management And General | $190,252 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,461 | TotalAmt |
| Program Services | $33,426 | ProgramServicesAmt |
| Management And General | $35 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $994,337 | TotalAmt |
| Program Services | $994,337 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,613,237 | TotalAmt |
| Program Services | $6,613,237 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,739,811 | TotalAmt |
| Program Services | $3,739,811 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| UNRECOVERABLE PROJECT C | $375,508 | $375,508 | |
| DUES AND FEES | $19,675 | $19,675 | |
| INSTRUCTIONAL MATERIALS | $16,484 | $16,484 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,021,600 | TotalAmt |
| Program Services | $11,397,295 | ProgramServicesAmt |
| Management And General | $624,305 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,725,382 | BOYAmt |
| EOY | $13,841,682 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,799,911 | BOYAmt |
| EOY | $55,582,992 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,764 | BOYAmt |
| EOY | $4,753 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,961 | BOYAmt |
| EOY | $6,961 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $199,892,989 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $16,312,341 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,428,853 | BOYAmt |
| EOY | $183,580,648 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,809,946 | BOYAmt |
| EOY | $3,834,955 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,668,903 | BOYAmt |
| EOY | $2,906,501 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,471,720 | BOYAmt |
| EOY | $259,758,492 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,267,063 | BOYAmt |
| EOY | $7,061,126 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,169,482 | BOYAmt |
| EOY | $1,120,998 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,051,575 | BOYAmt |
| EOY | $186,896,530 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,959,837 | BOYAmt |
| EOY | $18,202,237 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,454,160 | BOYAmt |
| EOY | $42,681,545 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,902,117 | BOYAmt |
| EOY | $255,962,436 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $569,603 | BOYAmt |
| EOY | $3,796,056 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $569,603 | BOYAmt |
| EOY | $3,796,056 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,471,720 | BOYAmt |
| EOY | $259,758,492 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,242,679 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$16,226 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type1 | Yes (X) | SupportingOrgType1Ind |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIPP SOCAL PUBLIC SCHOOLS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261607268 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $0 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Power Appoint Majority Dir Trst | Yes (1) | PowerAppointMajorityDirTrstInd |
| Operate Benefit Non Suprt Org | 0 | OperateBenefitNonSuprtOrgInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,509,585 | OtherCostOrOtherBasisAmt |
| Book Value | $46,509,585 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,945,038 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,959,778 | DepreciationAmt |
| Book Value | $82,985,260 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,160,679 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,355,177 | DepreciationAmt |
| Book Value | $5,805,502 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,922,750 | OtherCostOrOtherBasisAmt |
| Depreciation | $997,386 | DepreciationAmt |
| Book Value | $925,364 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $47,354,937 | OtherCostOrOtherBasisAmt |
| Book Value | $47,354,937 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $183,580,648 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO KIPP SOCAL PUBLIC SCHOOLS | $40,029,700 |
| GRANT FUND RESERVE PAYABLE | $516,000 |
| DEFERRED RENT LIABILITY | $2,135,845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $42,681,545 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $15,248,053 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$16,226 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$16,226 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,264,279 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,264,279 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,021,600 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,021,600 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,021,600 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | KLARE HOLDINGS IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF STATE INCOME TAXES UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND HAS APPLIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. KLARE HOLDINGS HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO ITS CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. 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. KLARE HOLDINGS FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KYLE SALYER | PersonNm |
| Title | CHIEF FINANCIAL OFFICER | TitleTxt |
| Base Compensation Filing Org | $0 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $226,799 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $14,364 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $0 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $15,849 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $0 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $257,012 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| CA SCHOOL FINANCE AUTH | ||||||||
| A | 680280917 | 13059TAR0 | 2014-06-25 | $28,320,000 | ACQUISITION, CONSTRUCTION AND REFINANCING | 0 | 0 | 0 |
| CA SCHOOL FINANCE AUTH | ||||||||
| B | 680280917 | 13059TBZ1 | 2015-09-17 | $27,420,000 | ACQUISITION, CONSTRUCTION AND REFINANCING | 0 | 0 | 0 |
| CA SCHOOL FINANCE AUTH | ||||||||
| C | 680280917 | 13059TEW5 | 2017-08-16 | $40,750,000 | ACQUISITION AND CONSTRUCTION | 0 | 0 | 0 |
| CA SCHOOL FINANCE AUTH | ||||||||
| D | 680280917 | 13059TFV6 | 2019-06-20 | $47,715,000 | ACQUISITION AND CONSTRUCTION | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | UnspentUnspentAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,265,000 | $28,407,269 | $1,387,056 | $945,189 | $905,808 | $25,169,216 | 2016 | 0 | 0 | Yes (1) | Yes (1) | |
| B | $1,730,000 | $28,593,456 | $1,816,956 | $934,332 | $881,064 | $24,961,104 | 2017 | 0 | 0 | Yes (1) | Yes (1) | |
| C | $1,395,000 | $46,078,552 | $2,687,000 | $1,750,394 | $899,773 | $40,741,385 | 2019 | 0 | 0 | Yes (1) | Yes (1) | |
| D | $55,904,983 | $1,496,250 | $2,912,695 | $957,038 | $43,294,412 | 2021 | 0 | 0 | 0 | Yes (1) | $7,244,587 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| D | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CA SCHOOL FINANCE AUTH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 680280917 | BondIssuerEIN |
| CUSIP | 13059THA0 | CUSIPNum |
| Bond Issued | 2020-12-17 | BondIssuedDt |
| Issue Price | $33,410,000 | IssuePriceAmt |
| Purpose | ACQUISITION AND DEVELOPMENT | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $39,108,606 | TotalProceedsAmt |
| In Reserve Fund | $940,500 | InReserveFundAmt |
| Capitalized Interest | $2,441,937 | CapitalizedInterestAmt |
| Issuance Costs From Proceeds | $726,168 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $1,175,299 | CapitalExpendituresAmt |
| Unspent | $33,824,701 | UnspentAmt |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | 0 | RefundingTaxableBondsInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | Yes (1) | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | 0 | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | EMPLOYEES OF KIPP SOCAL PUBLIC SCHOOLS MAINTAIN THE BOOKS AND RECORDS OF KLARE HOLDINGS, WHOSE FINANCIAL RESULTS ARE CONSOLIDATED WITHIN THOSE OF KIPP SOCAL PUBLIC SCHOOLS. |
| FORM 990, PART VI, SECTION A, LINE 6 | KIPP SOCAL PUBLIC SCHOOLS IS THE SINGLE MEMBER OF KLARE HOLDINGS. |
| FORM 990, PART VI, SECTION A, LINE 7A | KIPP SOCAL PUBLIC SCHOOLS, AS THE SINGLE MEMBER OF KLARE HOLDINGS, IS ABLE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE SINGLE MEMBER AS OUTLINED IN THE BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S FORM 990 FOLLOWING COMPLETION OF THE FORM AND PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS 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 VI, SECTION A, LINE 8B | THE ORGANIZATION HAS A REAL ESTATE COMMITTEE AND GOVERNANCE COMMITTEE THAT ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGE FROM LAST YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (26 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| KLA 2810 WHITTIER LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $136,951 | $601,535 | KLARE HOLDINGS |
| 668 ATLANTIC LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $377,773 | $6,091,693 | KLARE HOLDINGS |
| SOLA SCHOOL 1 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $6,122,984 | KLARE HOLDINGS | |
| CHAMED LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $13,363,908 | KLARE HOLDINGS | |
| BUDNON LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $14,332,048 | KLARE HOLDINGS | |
| SOLA 2 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $8,625,390 | KLARE HOLDINGS | |
| BH SOTO LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $16,962,043 | KLARE HOLDINGS | |
| SELA LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $5,616 | $16,992,582 | KLARE HOLDINGS |
| WEST 51 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $94,693 | KLARE HOLDINGS | |
| CURIOSITY RE LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $17,653,826 | KLARE HOLDINGS | |
| GRATITUDE RE LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $85,000 | $17,068,735 | KLARE HOLDINGS |
| OPTIMISM RE LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $1,378,369 | KLARE HOLDINGS | |
| ZEST RE LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $14,768,457 | KLARE HOLDINGS | |
| GRIT RE LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $16,286,238 | KLARE HOLDINGS | |
| KLARE 15 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $6,840,275 | KLARE HOLDINGS | |
| KLARE 16 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $6,295,138 | KLARE HOLDINGS | |
| KLARE 17 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $7,486,547 | KLARE HOLDINGS | |
| KLARE 18 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $239,264 | $2,501,461 | KLARE HOLDINGS |
| KLARE 19 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $33,113 | $5,075,104 | KLARE HOLDINGS |
| KLARE 20 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $323,562 | KLARE HOLDINGS | |
| KSD FACILITIES LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $710,825 | $13,103,994 | KLARE HOLDINGS |
| KLARE 21 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $200,487 | KLARE HOLDINGS | |
| KLARE 22 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $1,000 | KLARE HOLDINGS | |
| KLARE 23 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $1,000 | KLARE HOLDINGS | |
| KLARE 24 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $1,000 | KLARE HOLDINGS | |
| KLARE 25 LLC | |||||||||
| 3601 E FIRST STREET | LOS ANGELES | CA | 90063 | 263878865 | TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOL | CA | $1,000 | KLARE HOLDINGS | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIPP SOCAL PUBLIC SCHOOLS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 E FIRST STREET | AddressLine1Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90063 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 261607268 | EIN |
| Primary Activities | CHARTER SCHOOLS | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 2 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| KIPP SOCAL PUBLIC SCHOOLS | ||
| C | $4,000,000 | ACTUAL AMOUNT |
| KIPP SOCAL PUBLIC SCHOOLS | ||
| E | $5,400,000 | ACTUAL AMOUNT |
| KIPP SOCAL PUBLIC SCHOOLS | ||
| J | $11,074,941 | ACTUAL AMOUNT |
| KIPP SOCAL PUBLIC SCHOOLS | ||
| S | $34,629,700 | ACTUAL AMOUNT |
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