EQUITABLE FACILITIES FUND INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- EQUITABLE FACILITIES FUND INC (EIN 82-2351889)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202213199349311566
- Schema version
- 2021v4.2
- 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 C
- Schedule D
- Schedule J
- Schedule K
- Schedule K
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T11:59:39-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 S RIVERSIDE PLAZA 9TH FLOOR | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 822351889 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUITABLE FACILITIES FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHAR | BusinessNameControlTxt |
| Phone | 2125065089 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 228 PARK AVE S PMB 61633 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100031502 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANAND KESAVAN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2125065089 | PhoneNum |
| Signature | 2022-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANAND | PersonFirstNm |
| Person Last | KESAVAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LU ANN TRAPP | PreparerPersonNm |
| PTIN | P01506476 | PTIN |
| Phone | 3122071040 | PhoneNum |
| Preparation | 2022-11-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANAND KESAVAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 228 PARK AVE S PMB 61633 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100031502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $34,535,002 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | EQFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 3 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Total Volunteers | 3 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $37,216,421 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,789,312 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,246,115 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $18,274,380 | CYProgramServiceRevenueAmt |
| PY Investment Income | $853,643 | PYInvestmentIncomeAmt |
| CY Investment Income | $471,310 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $48,316,179 | PYTotalRevenueAmt |
| CY Total Revenue | $34,535,002 | 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 | $2,045,433 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,716,652 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $173,811 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,526,330 | PYOtherExpensesAmt |
| CY Other Expenses | $12,280,507 | CYOtherExpensesAmt |
| PY Total Expenses | $9,571,763 | PYTotalExpensesAmt |
| CY Total Expenses | $14,997,159 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $38,744,416 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $19,537,843 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $575,484,952 | TotalAssetsBOYAmt |
| Total Assets EOY | $843,754,758 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $333,173,996 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $580,145,716 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $242,310,956 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $263,609,042 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,847,037 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $18,274,380 | RevenueAmt |
| Desc | THE EQUITABLE FACILITIES FUND LEVERAGES DONATIONS AND OTHER PHILANTHROPIC MONIES IT RECEIVES AND HOLDS TO ENABLE CHARTER SCHOOLS TO BORROW MORE CHEAPLY AND EFFECTIVELY. DESIGNING, IMPLEMENTING AND MAINTAINING THIS NEW SOURCE OF CAPITAL FOR CHARTER SCHOOL FACILITIES WILL ULTIMATELY LEAD TO IMPROVED PUBLIC EDUCATION FOR CHILDREN. | Desc |
| Total Program Service Expenses | $13,847,037 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | 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 | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | 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 | Yes (1) | 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 | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 14 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| 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 | 0 | 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 | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | 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 | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANAND KESAVAN CEO | PersonNm |
| Phone | 2125065089 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 228 PARK AVE S | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100031502 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| BUDDY PHILPOT | |||||||||
| CHAIRMAN | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SCOTT PEARSON | |||||||||
| SECRETARY | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KEVIN HALL | |||||||||
| TREASURER | 5.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ANAND KESAVAN | |||||||||
| CEO | 40.00 | 0.00 | Yes (X) | $500,000 | $0 | $121,950 | |||
| MICHELLE GETZ | |||||||||
| CHIEF CREDIT OFFICER | 40.00 | 0.00 | Yes (X) | $220,000 | $0 | $37,155 | |||
| MIKE MCGREGOR | |||||||||
| CHIEF OF STAFF | 40.00 | 0.00 | Yes (X) | $212,750 | $0 | $20,684 | |||
| WENDY BERRY | |||||||||
| INVESTMENT PRINCIPAL, LNDG & RSRCH | 40.00 | 0.00 | $198,000 | $0 | $35,628 | Yes (X) | |||
| MARC WANCER | |||||||||
| INVESTMENT PRINCIPAL, LNDG & CREDIT | 40.00 | 0.00 | $198,000 | $0 | $19,010 | Yes (X) | |||
| SHANNON FALON | |||||||||
| INVESTMENT ASSOCIATE | 40.00 | 0.00 | $132,000 | $0 | $16,658 | Yes (X) | |||
| KARINA VADILLO | |||||||||
| INVESTMENT ASSOCIATE | 40.00 | 0.00 | $132,000 | $0 | $15,144 | Yes (X) | |||
| JOSEPH MARLAR | |||||||||
| GENERAL COUNSEL | 40.00 | 0.00 | $141,907 | $0 | $15,299 | Yes (X) | |||
| KATE AUFIERO | |||||||||
| DIRECTOR OF STRATEGY | 40.00 | 0.00 | $125,675 | $0 | $7,196 | Yes (X) | |||
| QUINCE BRINKLEY | |||||||||
| INVESTMENT PRINCIPAL, BUSINESS DEVELOPMENT | 40.00 | 0.00 | $103,846 | $0 | $9,779 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,964,178 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $298,503 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ORRICK HERRINGTON & SUTCLIFFE LLP | |||||
| 405 HOWARD STREET | SAN FRANCISCO | CA | 94105 | LEGAL COUNSEL | $350,000 |
| LBMC EMPLOYMENT PARTNERS LLC | |||||
| 201 FRANKLIN RD 200 | BRENTWOOD | TN | 37027 | PEO - PAYROLL & EMPLOYEE BENEFITS | $168,439 |
| ZATA CONSULTING LLC | |||||
| 2093 PHILADELPHIA PIKE 5807 | CLAYMONT | DE | 19703 | CONSULTING SERVICES | $159,152 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $15,789,312 | AllOtherContributionsAmt |
| Noncash Contributions | $14,739,312 | NoncashContributionsAmt |
| Total Contributions | $15,789,312 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN INCOME | 900099 | $18,217,380 | $18,217,380 |
| SERVICE FEES | 900099 | $57,000 | $57,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $18,274,380 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $471,310 | TotalRevenueColumnAmt |
| Exclusion | $471,310 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $34,535,002 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,274,380 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $471,310 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,649,077 | TotalAmt |
| Program Services | $1,283,729 | ProgramServicesAmt |
| Management And General | $293,756 | ManagementAndGeneralAmt |
| Fundraising | $71,592 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,979 | TotalAmt |
| Program Services | $542,629 | ProgramServicesAmt |
| Management And General | $118,829 | ManagementAndGeneralAmt |
| Fundraising | $37,521 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,597 | TotalAmt |
| Program Services | $87,580 | ProgramServicesAmt |
| Management And General | $19,785 | ManagementAndGeneralAmt |
| Fundraising | $5,232 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,170 | TotalAmt |
| Program Services | $95,026 | ProgramServicesAmt |
| Management And General | $21,467 | ManagementAndGeneralAmt |
| Fundraising | $5,677 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,829 | TotalAmt |
| Program Services | $103,782 | ProgramServicesAmt |
| Management And General | $23,734 | ManagementAndGeneralAmt |
| Fundraising | $6,313 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,621 | TotalAmt |
| Management And General | $7,621 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,523 | TotalAmt |
| Management And General | $153,523 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $559,893 | TotalAmt |
| Program Services | $389,355 | ProgramServicesAmt |
| Management And General | $137,580 | ManagementAndGeneralAmt |
| Fundraising | $32,958 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,932 | TotalAmt |
| Management And General | $18,932 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,131 | TotalAmt |
| Program Services | $14,881 | ProgramServicesAmt |
| Management And General | $3,361 | ManagementAndGeneralAmt |
| Fundraising | $889 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,346 | TotalAmt |
| Program Services | $72,606 | ProgramServicesAmt |
| Management And General | $16,402 | ManagementAndGeneralAmt |
| Fundraising | $4,338 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,198 | TotalAmt |
| Program Services | $31,267 | ProgramServicesAmt |
| Management And General | $7,063 | ManagementAndGeneralAmt |
| Fundraising | $1,868 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,509 | TotalAmt |
| Program Services | $73,512 | ProgramServicesAmt |
| Management And General | $16,606 | ManagementAndGeneralAmt |
| Fundraising | $4,391 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $500 | TotalAmt |
| Program Services | $500 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,095,052 | TotalAmt |
| Program Services | $11,095,052 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,334 | TotalAmt |
| Program Services | $11,116 | ProgramServicesAmt |
| Management And General | $2,542 | ManagementAndGeneralAmt |
| Fundraising | $676 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $103,579 | TotalAmt |
| Management And General | $103,579 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STAFF DEVELOPEMENT | $27,546 | $21,426 | $4,840 | $1,280 |
| BUSINESS LICENSES | $6,349 | $6,349 | ||
| BANK FEES | $4,281 | $4,281 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,713 | TotalAmt |
| Program Services | $24,576 | ProgramServicesAmt |
| Management And General | $16,061 | ManagementAndGeneralAmt |
| Fundraising | $1,076 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,997,159 | TotalAmt |
| Program Services | $13,847,037 | ProgramServicesAmt |
| Management And General | $976,311 | ManagementAndGeneralAmt |
| Fundraising | $173,811 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,972,764 | BOYAmt |
| EOY | $3,452,036 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,705,200 | BOYAmt |
| EOY | $1,541 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $395,099,785 | BOYAmt |
| EOY | $580,126,050 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $273,512 | BOYAmt |
| EOY | $359,886 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $57,854 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,672 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,273 | BOYAmt |
| EOY | $24,182 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,928,536 | BOYAmt |
| EOY | $257,818,132 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,793 | BOYAmt |
| EOY | -$481 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,426,089 | BOYAmt |
| EOY | $1,973,412 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $575,484,952 | BOYAmt |
| EOY | $843,754,758 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,361,595 | BOYAmt |
| EOY | $4,838,366 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $329,692,509 | BOYAmt |
| EOY | $571,507,350 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,800,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,892 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,173,996 | BOYAmt |
| EOY | $580,145,716 | 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 | $204,905,844 | BOYAmt |
| EOY | $262,609,042 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,405,112 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,310,956 | BOYAmt |
| EOY | $263,609,042 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $575,484,952 | BOYAmt |
| EOY | $843,754,758 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $19,537,843 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$38,846 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $1,799,089 | OtherChangesInNetAssetsAmt |
| 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 |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS | ||||
| 841553195 | 7 | Yes (1) | $0 | $0 |
| NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS | ||||
| 300274709 | 7 | Yes (1) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | 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 C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,997,159 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $14,997,159 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $899,858 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $224,965 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $231,780 | CurrentYearMinus3Amt |
| Current Year Minus2 | $397,722 | CurrentYearMinus2Amt |
| Current Year Minus1 | $628,588 | CurrentYearMinus1Amt |
| Current Year | $899,858 | CurrentYearAmt |
| Total | $2,157,948 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,236,922 | LobbyingCeilingAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $57,945 | CurrentYearMinus3Amt |
| Current Year Minus2 | $99,431 | CurrentYearMinus2Amt |
| Current Year Minus1 | $157,147 | CurrentYearMinus1Amt |
| Current Year | $224,965 | CurrentYearAmt |
| Total | $539,488 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $809,232 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,805 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,805 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,049 | OtherCostOrOtherBasisAmt |
| Depreciation | $29,867 | DepreciationAmt |
| Book Value | $24,182 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $24,182 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| MONEY MARKET FUNDS | $96,904,203 | F |
| MUNICIPAL BONDS | $8,612,741 | F |
| US TREASURY NOTES | $27,346,696 | F |
| CERTIFICATES OF DEPOSIT | $124,954,492 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $257,818,132 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $34,496,156 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$38,846 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$38,846 | RevenueNotReportedAmt |
| Revenue Subtotal | $34,535,002 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $34,535,002 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,997,159 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,997,159 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $14,997,159 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | 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 | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANAND KESAVAN | ||||||||||||||
| CEO | $500,000 | $0 | $0 | $0 | $0 | $0 | $85,000 | $0 | $36,950 | $0 | $621,950 | $0 | $0 | $0 |
| MICHELLE GETZ | ||||||||||||||
| CHIEF CREDIT OFFICER | $220,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37,155 | $0 | $257,155 | $0 | $0 | $0 |
| WENDY BERRY | ||||||||||||||
| INVESTMENT PRINCIPAL, LNDG & RSRCH | $180,000 | $0 | $18,000 | $0 | $0 | $0 | $0 | $0 | $35,628 | $0 | $233,628 | $0 | $0 | $0 |
| MIKE MCGREGOR | ||||||||||||||
| CHIEF OF STAFF | $185,000 | $0 | $27,750 | $0 | $0 | $0 | $0 | $0 | $20,684 | $0 | $233,434 | $0 | $0 | $0 |
| MARC WANCER | ||||||||||||||
| INVESTMENT PRINCIPAL, LNDG & CREDIT | $180,000 | $0 | $18,000 | $0 | $0 | $0 | $0 | $0 | $19,010 | $0 | $217,010 | $0 | $0 | $0 |
| JOSEPH MARLAR | ||||||||||||||
| GENERAL COUNSEL | $141,907 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,299 | $0 | $157,206 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINES 4A-B | THE FOLLOWING EMPLOYEES HAVE RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION: QUINCE BRINKLEY - $13,846 ANAND KESAVAN - 457F CONTRIBUTION OF $85,000 ON 01/14/2021 THESE VEST IN 2022 OR LATER AND THERE IS SUBSTANTIAL RISK OF FORFEITURE. |
| PART I, LINE 7 | THE BOARD HAS REVIEWED AND APPROVED AN EMPLOYEE COMPENSATION STRATEGY THAT INCLUDES AN ANNUAL BONUS. ANNUALLY, THE BOARD REVIEWS AND APPROVES AN ANNUAL OPERATING BUDGET THAT INCLUDES A LINE ITEM FOR BONUSES. THE CEO DETERMINES DISCRETIONARY BONUSES ANNUALLY BASED ON THE ORGANIZATIONS PERFORMANCE TOWARD LENDING GOALS, FINANCIAL RESULTS, AND INDIVIDUAL PERFORMANCE EVALUATIONS. |
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 |
|---|---|---|---|---|---|---|---|---|
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| A | 813526584 | 04052FAX3 | 2019-08-29 | $109,558,533 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK | ||||||||
| B | 630304653 | 13035AAT6 | 2019-08-29 | $23,214,309 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| C | 813526584 | 04052FBV6 | 2020-08-27 | $146,976,682 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | ||||||||
| D | 630304653 | 13035ABS7 | 2020-08-27 | $57,945,093 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $2,500,000 | $110,487,326 | $6,654,520 | $57,763 | $2,191,102 | $33,574,759 | $68,009,182 | Yes (1) | Yes (1) | 0 | Yes (1) |
| B | $525,000 | $23,412,808 | $1,420,344 | $27,357 | $463,376 | $7,925,784 | $13,575,947 | Yes (1) | Yes (1) | 0 | Yes (1) |
| C | $645,000 | $147,317,865 | $7,388,947 | $1,985,532 | $71,638,543 | $66,304,843 | Yes (1) | Yes (1) | 0 | Yes (1) | |
| D | $465,000 | $58,006,440 | $2,897,232 | $712,100 | $53,353,355 | $1,043,753 | 0 | Yes (1) | 0 | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | Yes (1) | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | |
| C | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | |
| D | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 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 | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLDMAN SACHS BANK | ||||||||||||
| A | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | USA | 0 | Yes (1) | 0 | 0 | Yes (1) |
| GOLDMAN SACHS BANK | ||||||||||||
| B | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | USA | 0 | Yes (1) | 0 | 0 | Yes (1) |
| GOLDMAN SACHS BANK | ||||||||||||
| C | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | USA | 0 | Yes (1) | 0 | 0 | Yes (1) |
| GOLDMAN SACHS BANK | ||||||||||||
| D | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | USA | 0 | Yes (1) | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (21 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| ENTITY 1 - COLUMNS A & B: | THE SERIES 2019A AND 2019B BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. |
| ENTITY 1 - COLUMNS C & D: | THE SERIES 2019C AND 2019D BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. |
| ENTITY 1 -COLUMN A: PART 1(F): | SERIES 2019A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: SOULSVILLE FOUNDATION, INC., VILLAGE TECH SCHOOLS, ARIZONA SCHOOL FOR THE ARTS, BLACKSTONE VALLEY, LAUNCHPAD DEVELOPMENT COMPANY (ROCKETSHIP EDUCATION), KIPP NASHVILLE, KIPP JACKSONVILLE, JAMES IRWIN EDUCATIONAL FOUNDATION (JAMES IRWIN CHARTER SCHOOLS), AND ITINERIS HIGH SCHOOL. |
| ENTITY 1 - COLUMN B: PART 1(F): | SERIES 2019B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: KIPP BAY AREA SCHOOLS, AND ALLIANCE FOR COLLEGE READY PUBLIC SCHOOLS FACILITIES CORPORATION, CALIBER EAST BAY REAL ESTATE AND CALIBER PUBLIC SCHOOLS. |
| ENTITY 1 - COLUMN C: PART I (F): | SERIES 2020A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: CHOICES IN LEARNING, INC., ARLINGTON CLASSICS ACADEMY, THE FRIENDS OF TEAM CHARTER SCHOOLS, INC., TEAM CHARTER SCHOOL, INC., NYOS CHARTER SCHOOL, INC., KIPP NASHVILLE, SCUOLA VITA NUOVA, BROOKSIDE CHARTER SCHOOL, DAYSPRING ACADEMY, SARASOTA SCHOOL OF ARTS AND SCIENCES, INC., BLACKSTONE VALLEY, AND PARAMOUNT SCHOOL OF EXCELLENCE, INC. |
| ENTITY 1 - COLUMN D: PART I (F): | SERIES 2020B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: CALIBER EAST BAY REAL ESTATE, CALIBER PUBLIC SCHOOLS, RENAISSANCE ARTS ACADEMY, RAA 2558 SAN FERNANDO ROAD LLC, PICO UNION COLLECTIVE, EQUITAS ACADEMY CHARTER SCHOOL, INC., AND EQUITAS #5 AND #6 LLC. |
| ENTITY 1 - COLUMNS A-D: PART III, LINE 7: | AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OFAMOUNTS PERMITTED SECTION 145 OF THE CODE. |
| ENTITY 1 - COLUMNS A-D: PART IV, LINE 2(B): | THE CURRENT REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. |
| ENTITY 1 - COLUMNS A-C: PART 4, LINES 4(A) - 4(E): | AN ANTICIPATORY HEDGE WAS ENTERED INTO ON THE BONDS AND WAS TERMINATED AT ISSUANCE. THE TERMINATION PAYMENT WAS ACCOUNTED FOR IN CALCULATING THE YIELD ON THE BONDS, CONSISTENT WITH SECTION 1.148-4(H)(5)(II)(B) OF THE TREASURY REGULATIONS. |
| ENTITY 2 - COLUMNS A, B, C, D & ENTITY 3 - COLUMN A: | THE SERIES 2021A, 2021B, 2021C, 2021D AND 2021 SUBORDINATE BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME AX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. |
| ENTITY 2 - COLUMN A: PART 1(F): | SERIES 2021A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: PARAMOUNT SCHOOL OF EXCELLENCE, INC., LITTLE ACORN REAL ESTATE, INC., MEMPHIS RISE ACADEMY, INC., LITTLE SCHOLARS OF ARKANSAS, LLC, KIPP JACKSONVILLE, PALM BEACH SCHOOL FOR AUTISM PROPERTIES LLC, WESTERN ACADEMY, INC, MISSION ASCHIEVEMENT AND SUCCESS CHARTER SCHOOL, TULSA HONOR ACADEMY, AND VISTA COLLEGE PREPARATORY, INC. |
| ENTITY 2 - COLUMN B: PART 1(F): | SERIES 2021B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS CORPORATION, EQUITAS ACADEMY CHARTER SCHOOL, INC., EQUITAS #5 AND #6 LLC., AND KIPP BAY AREA SCHOOLS. |
| ENTITY 2 - COLUMN C: PART 1(F): | SERIES 2021C BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ALMA DEL MAR FOUNDATION, INC. |
| ENTITY 2 - COLUMN D: PART 1(F): | SERIES 2021D BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: KIPP ALBANY COMMUNITY PUBLIC CHARTER SCHOOLS. |
| ENTITY 2 - COLUMNS A-D: PART III, LINE 7: | AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED SECTION 145 OF THE CODE. |
| ENTITY 2 - COLUMNS A-D: PART IV, LINE 2 (B) | THE CURRENT REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. |
| ENTITY 2 - COLUMN A: PART 4, LINES 4(A) - 4(E): | AN ANTICIPATORY HEDGE WAS ENTERED INTO ON THE BONDS AND WAS TERMINATED AT ISSUANCE. THE TERMINATION PAYMENT WAS ACCOUNTED FOR IN CALCULATING THE YIELD ON THE BONDS, CONSISTENT WITH SECTION 1.148-4(H)(5)(II)(B) OF THE TREASURY REGULATIONS. |
| ENTITY 3 - COLUMN A AND ENTITY 2 - COLUMNS A, B, C, D : | THE SERIES 2021A, 2021B, 2021C, 2021D AND 2021 SUBORDINATE BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME AX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. |
| ENTITY 3 - COLUMN A: PART 1(F) | SERIES 2021A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: VISTA COLLEGE PREPARATORY, INC., AND FREEDOM PREPARATORY ACADEMY, INC. |
| ENTITY 3 - COLUMN A: PART III, LINE 7 | AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED SECTION 145 OF THE CODE. |
| ENTITY 3 - COLUMN A: PART 4, LINES 4(A) - 4(E) | AN ANTICIPATORY HEDGE WAS ENTERED INTO ON THE BONDS AND WAS TERMINATED AT ISSUANCE. THE TERMINATION PAYMENT WAS ACCOUNTED FOR IN CALCULATING THE YIELD ON THE BONDS, CONSISTENT WITH SECTION 1.148-4(H)(5)(II)(B) OF THE TREASURY REGULATIONS. |
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 |
|---|---|---|---|---|---|---|---|---|
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY | ||||||||
| A | 043431814 | 04052FCT0 | 2021-10-20 | $142,415,764 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK | ||||||||
| B | 630304653 | 13035ACF4 | 2021-10-20 | $35,680,967 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | ||||||||
| C | 043431814 | 57653UAB8 | 2021-10-20 | $20,647,335 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
| CITY OF ALBANY CAPITAL RESOURCE CORPORATION | ||||||||
| D | 273467899 | 012430AB0 | 2021-10-20 | $28,759,224 | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | 0 | 0 | Yes (1) |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $142,424,102 | $3,923,442 | $1,349,809 | $68,778,133 | $7,682,869 | $60,689,850 | Yes (1) | Yes (1) | 0 | Yes (1) |
| B | $35,681,160 | $85,414 | $332,240 | $14,817,323 | $20,446,183 | Yes (1) | Yes (1) | 0 | Yes (1) | |
| C | $20,648,323 | $467,990 | $230,333 | $19,950,000 | 0 | 0 | 0 | Yes (1) | ||
| D | $28,760,617 | $653,241 | $466,262 | $27,641,114 | 0 | Yes (1) | 0 | Yes (1) |
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 | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| C | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| D | Yes (1) | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 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 | Business Name Line2HedgeProviderName/BusinessNameLine2Txt | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GOLDMAN SACHS BANK | ||||||||||||
| A | 0 | Yes (1) | Yes (1) | 0 | 0 | Yes (1) | USA | 0 | Yes (1) | 0 | 0 | Yes (1) |
| (no name) | ||||||||||||
| B | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| C | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
| (no name) | ||||||||||||
| D | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
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 | ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 043431814 | BondIssuerEIN |
| CUSIP | 04052FCV5 | CUSIPNum |
| Bond Issued | 2021-10-20 | BondIssuedDt |
| Issue Price | $23,608,055 | IssuePriceAmt |
| Purpose | TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | Yes (1) | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $23,617,739 | TotalProceedsAmt |
| In Reserve Fund | $1,690,484 | InReserveFundAmt |
| Issuance Costs From Proceeds | $300,474 | IssuanceCostsFromProceedsAmt |
| Unspent | $21,626,781 | 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 |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| 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 | Yes (1) | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOLDMAN SACHS BANK | BusinessNameLine1Txt |
| Business Name Line2 | USA | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | Yes (1) | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $14,739,312 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | EFF REVIEWS AND FOLLOWS CONDITIONS OF THE GIFT AGREEMENT RELATED TO RECEIPT AND SALE OF NONCASH GIFTS. ALL PROCEEDS OF SALES OF NONCASH GIFTS ARE USED TO ADVANCE EFF'S MISSION. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | EQUITABLE FACILITIES FUND IS MADE UP OF MEMBER ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EQUITABLE FACILITIES FUND HAS MEMBER ORGANIZATIONS THAT ELECT BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE GOVERNING BODY CURRENTLY DOES NOT HAVE ANY SUB-COMMITTEES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | ANNUALLY, THE BOARD CONDUCTS A PERFORMANCE EVALUATION OF THE CEO, WHICH INCLUDES REVIEWING COMPENSATION. THE BOARD ANNUALLY ENSURES THREE ELEMENTS ARE INCLUDED IN ITS REVIEW OF EXECUTIVE COMPENSATION: 1) ALL COMPENSATIONS CHANGES ARE APPROVED IN ADVANCE BY THE BOARD; 2) THERE IS CONCURRENT DOCUMENTATION FOR THE DECISION REFLECTED IN BOARD MINUTES; AND, 3) THERE IS A RELIANCE ON APPROPRIATE COMPARABILITY DATA. ANY CHANGES TO EXECUTIVE COMPENSATION ARE A RESULT OF THESE PROCEDURES. EFF MANAGEMENT PREPARED AN EXECUTIVE COMPENSATION STRATEGY FOR THE BOARD'S REVIEW AND APPROVAL DURING THE NOVEMBER 2017 BOARD MEETING. THE STRATEGY WAS PREPARED BASED ON A SURVEY OF OTHER COMPARABLE NONPROFIT ORGANIZATIONS. THE STRATEGY INCLUDED PAY BANDS AND TOTAL COMPENSATION FOR EXECUTIVE TEAM MEMBERS AS WELL AS PROCESS FOR REVIEWING AND APPROVING EXECUTIVE TEAM SALARY DECISIONS. THE BOARD APPROVED THE STRATEGY ON 11.8.2017. ANNUALLY PRIOR TO THE BEGINNING OF EACH FISCAL YEAR, THE BOARD HAS APPROVED CHANGES IN EXECUTIVE COMPENSATION BASED ON THIS ORIGINAL STRATEGY AND BY REVIEWING APPROPRIATE COMPARABLE COMPENSATION DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PART XI, LINE 9: | GAIN ON DERIVATIVES 1,799,089. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUITABLE SCHOOL REVOLVING FUND LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 228 PARK AVE S | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100031502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 825059293 | EIN |
| Primary Activities | SUPPORT CHARTER SCHOOLS | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $18,671,159 | TotalIncomeAmt |
| End Of Year Assets | $834,802,333 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EQUITABLE FACILITIES FUND INC | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS | |||||||||
| 105 WEST ADAMS ST | CHICAGO | IL | 60603 | 841553195 | SUPPORT CHARTER SCHOOLS | IL | 501(C)(3) | LINE 7 | 0 |
| NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS | |||||||||
| 1101 15TH STREET NW NO 1010 | WASHINGTON | DC | 20005 | 300274709 | SUPPORT CHARTER SCHOOLS | DC | 501(C)(3) | LINE 7 | 0 |
| 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 | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | 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 | 0 | 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 | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments