2022-11-15T11:59:39-06:00 2021-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2021-01-01 822351889 EQUITABLE FACILITIES FUND INC CHAR 2125065089 228 PARK AVE S PMB 61633 NEW YORK NY 100031502 ANAND KESAVAN CEO 2125065089 2022-11-14 1 ANAND KESAVAN 999009999 LU ANN TRAPP P01506476 3122071040 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANAND KESAVAN 228 PARK AVE S PMB 61633 NEW YORK NY 100031502 34535002 0 X EQFUND.ORG X 2017 NY 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. 3 3 14 3 0 0 37216421 15789312 10246115 18274380 853643 471310 0 0 48316179 34535002 0 0 0 0 2045433 2716652 0 0 173811 7526330 12280507 9571763 14997159 38744416 19537843 575484952 843754758 333173996 580145716 242310956 263609042 X 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. 0 0 13847037 0 18274380 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. 13847037 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 20 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X ANAND KESAVAN CEO 2125065089 228 PARK AVE S NEW YORK NY 100031502 BUDDY PHILPOT CHAIRMAN 5.00 0.00 X X 0 0 0 SCOTT PEARSON SECRETARY 5.00 0.00 X X 0 0 0 KEVIN HALL TREASURER 5.00 0.00 X X 0 0 0 ANAND KESAVAN CEO 40.00 0.00 X 500000 0 121950 MICHELLE GETZ CHIEF CREDIT OFFICER 40.00 0.00 X 220000 0 37155 MIKE MCGREGOR CHIEF OF STAFF 40.00 0.00 X 212750 0 20684 WENDY BERRY INVESTMENT PRINCIPAL, LNDG & RSRCH 40.00 0.00 X 198000 0 35628 MARC WANCER INVESTMENT PRINCIPAL, LNDG & CREDIT 40.00 0.00 X 198000 0 19010 SHANNON FALON INVESTMENT ASSOCIATE 40.00 0.00 X 132000 0 16658 KARINA VADILLO INVESTMENT ASSOCIATE 40.00 0.00 X 132000 0 15144 JOSEPH MARLAR GENERAL COUNSEL 40.00 0.00 X 141907 0 15299 KATE AUFIERO DIRECTOR OF STRATEGY 40.00 0.00 X 125675 0 7196 QUINCE BRINKLEY INVESTMENT PRINCIPAL, BUSINESS DEVELOPMENT 40.00 0.00 X 103846 0 9779 1964178 0 298503 10 0 1 0 ORRICK HERRINGTON & SUTCLIFFE LLP 405 HOWARD STREET SAN FRANCISCO CA 94105 LEGAL COUNSEL 350000 LBMC EMPLOYMENT PARTNERS LLC 201 FRANKLIN RD 200 BRENTWOOD TN 37027 PEO - PAYROLL & EMPLOYEE BENEFITS 168439 ZATA CONSULTING LLC 2093 PHILADELPHIA PIKE 5807 CLAYMONT DE 19703 CONSULTING SERVICES 159152 3 15789312 14739312 15789312 LOAN INCOME 900099 18217380 18217380 SERVICE FEES 900099 57000 57000 18274380 471310 471310 34535002 18274380 0 471310 1649077 1283729 293756 71592 698979 542629 118829 37521 112597 87580 19785 5232 122170 95026 21467 5677 133829 103782 23734 6313 7621 7621 153523 153523 559893 389355 137580 32958 18932 18932 19131 14881 3361 889 93346 72606 16402 4338 40198 31267 7063 1868 94509 73512 16606 4391 500 500 11095052 11095052 14334 11116 2542 676 103579 103579 STAFF DEVELOPEMENT 27546 21426 4840 1280 BUSINESS LICENSES 6349 6349 BANK FEES 4281 4281 41713 24576 16061 1076 14997159 13847037 976311 173811 1972764 3452036 1705200 1541 395099785 580126050 273512 359886 57854 33672 15273 24182 174928536 257818132 63793 -481 1426089 1973412 575484952 843754758 3361595 4838366 329692509 571507350 0 3800000 119892 0 333173996 580145716 X 204905844 262609042 37405112 1000000 242310956 263609042 575484952 843754758 X 19537843 -38846 1799089 X 0 1 X 1 0 X X X 2 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 841553195 7 1 0 0 NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS 300274709 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 14997159 14997159 899858 224965 0 0 231780 397722 628588 899858 2157948 3236922 57945 99431 157147 224965 539488 809232 3805 3805 0 54049 29867 24182 24182 MONEY MARKET FUNDS 96904203 F MUNICIPAL BONDS 8612741 F US TREASURY NOTES 27346696 F CERTIFICATES OF DEPOSIT 124954492 F 257818132 34496156 -38846 -38846 34535002 0 34535002 14997159 0 14997159 0 14997159 X X X X 1 1 0 0 0 0 0 1 0 ANAND KESAVAN CEO 500000 0 0 0 0 0 85000 0 36950 0 621950 0 0 0 MICHELLE GETZ CHIEF CREDIT OFFICER 220000 0 0 0 0 0 0 0 37155 0 257155 0 0 0 WENDY BERRY INVESTMENT PRINCIPAL, LNDG & RSRCH 180000 0 18000 0 0 0 0 0 35628 0 233628 0 0 0 MIKE MCGREGOR CHIEF OF STAFF 185000 0 27750 0 0 0 0 0 20684 0 233434 0 0 0 MARC WANCER INVESTMENT PRINCIPAL, LNDG & CREDIT 180000 0 18000 0 0 0 0 0 19010 0 217010 0 0 0 JOSEPH MARLAR GENERAL COUNSEL 141907 0 0 0 0 0 0 0 15299 0 157206 0 0 0 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. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FAX3 2019-08-29 109558533 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035AAT6 2019-08-29 23214309 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 C ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FBV6 2020-08-27 146976682 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 D CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035ABS7 2020-08-27 57945093 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 2500000 110487326 6654520 57763 2191102 33574759 68009182 1 1 0 1 B 525000 23412808 1420344 27357 463376 7925784 13575947 1 1 0 1 C 645000 147317865 7388947 1985532 71638543 66304843 1 1 0 1 D 465000 58006440 2897232 712100 53353355 1043753 0 1 0 1 A 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 B 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 C 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 D 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 A 1 B 1 C 1 D 1 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. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 043431814 04052FCT0 2021-10-20 142415764 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 B CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035ACF4 2021-10-20 35680967 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57653UAB8 2021-10-20 20647335 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 D CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012430AB0 2021-10-20 28759224 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 142424102 3923442 1349809 68778133 7682869 60689850 1 1 0 1 B 35681160 85414 332240 14817323 20446183 1 1 0 1 C 20648323 467990 230333 19950000 0 0 0 1 D 28760617 653241 466262 27641114 0 1 0 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 043431814 04052FCV5 2021-10-20 23608055 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 23617739 1690484 300474 21626781 0 0 0 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS BANK USA 0 1 0 0 1 A 1 X 1 14739312 FMV 0 1 1 PART I, LINE 32B: 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. 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. EQUITABLE SCHOOL REVOLVING FUND LLC 228 PARK AVE S NEW YORK NY 100031502 825059293 SUPPORT CHARTER SCHOOLS DE 18671159 834802333 EQUITABLE FACILITIES FUND INC 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0