2021-04-14T15:37:05-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2019-07-01 263878865 KLARE HOLDINGS KLAR 2134894461 3601 E FIRST STREET LOS ANGELES CA 90063 KYLE SALYER CHIEF FINANCIAL OFFICER 2134894461 2021-04-01 1 WADE MCMULLEN CPA P00591016 6268577300 2021-04-01 2019 2022-09-23 18:48:47Z NOLAN HIGHBAUGH 3601 E FIRST STREET LOS ANGELES CA 90063 13089451 0 X N/A X 2008 CA TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 3 3 0 3 0 0 0 35000 0 0 382452 793742 8334960 8528372 8717412 9357114 0 0 0 0 0 0 0 0 0 6855198 9459510 6855198 9459510 1862214 -102396 183051473 211471720 182391106 210902117 660367 569603 TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 0 0 9333351 8458788 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 9333351 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X KYLE SALYER 2134894461 3601 E FIRST STREET LOS ANGELES CA 90063 KYLE SALYER CHIEF FINANCIAL OFFICER 1.00 50.00 X 0 229348 19521 NOLAN HIGHBAUGH CHAIR 1.00 X X 0 0 0 JEFF STRNAD SECRETARY 1.00 X X 0 0 0 JASON WILLIAMS TREASURER 1.00 X X 0 0 0 0 229348 19521 0 0 1 0 EPI CONSTRUCTION INC 12345 VENTURA BLVD SUITE H STUDIO CITY CA 91604 CONSTRUCTION CONTRACTOR 9291061 PACIFIC BUILDING GROUP 9752 ASPEN CREEK COURT SUITE 150 SAN DIEGO CA 92126 CONSTRUCTION CONTRACTOR 3020361 MILLIE AND SEVERSON INCORPORATED 3601 SERPENTINE DRIVE LOS ALAMITOS CA 90720 CONSTRUCTION CONTRACTOR 2063139 DEL AMO CONSTRUCTION INC 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION CONTRACTOR 1746824 FRANCO ARCHITECTS INC 12345 VENTURA BLVD STE H STUDIO CITY CA 91604 ARCHITECT SERVICE 1467755 28 35000 35000 748079 748079 8458788 0 8458788 8458788 8458788 3778000 3732337 45663 45663 45663 REFUND PROPERTY TAX 900099 41559 41559 OTHER REVENUE 900099 28025 28025 69584 9357114 8458788 0 863326 3125 3125 38651 38651 78479 78479 1448 1423 25 716964 716964 4695663 4695663 3409837 3409837 150 150 UNRECOVERABLE PROJECT C 459034 459034 PROPERTY TAX 50430 50430 DUES AND FEES 5729 5729 9459510 9333351 126159 0 2472877 7725382 58673206 37799911 1019452 31764 310000 6961 173001388 12572535 116120770 160428853 3738563 3809946 716605 1668903 183051473 211471720 5740368 10267063 1169482 153343682 151051575 11959837 23307056 36454160 182391106 210902117 X 660367 569603 660367 569603 183051473 211471720 X -102396 11632 X X 0 1 X 1 0 X X 1 KIPP SOCAL PUBLIC SCHOOLS 261607268 2 1 0 0 1 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 41611326 41611326 79877187 7218356 72658831 10148104 4659918 5488186 1406682 694261 712421 39958089 39958089 160428853 DUE TO KIPP SOCAL PUBLIC SCHOOLS 34104120 GRANT FUND RESERVE PAYABLE 516000 DEFERRED RENT LIABILITY 1834040 36454160 X 9357114 0 9357114 0 9357114 9459510 0 9459510 0 9459510 PART X, LINE 2: 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. 0 0 0 0 0 0 0 0 0 KYLE SALYER CHIEF FINANCIAL OFFICER 0 229348 0 0 0 0 0 14170 0 5351 0 248869 0 0 A CA SCHOOL FINANCE AUTH 680280917 13059TAR0 2014-06-25 28320000 ACQUISITION, CONSTRUCTION AND REFINANCING 0 0 0 B CA SCHOOL FINANCE AUTH 680280917 13059TBZ1 2015-09-17 27420000 ACQUISITION, CONSTRUCTION AND REFINANCING 0 0 0 C CA SCHOOL FINANCE AUTH 680280917 13059TEW5 2017-08-16 40750000 ACQUISITION AND CONSTRUCTION 0 0 0 D CA SCHOOL FINANCE AUTH 680280917 13059TFV6 2019-06-20 47715000 ACQUISITION AND CONSTRUCTION 0 0 0 A 1685000 28407269 1425349 945189 905808 25130923 2016 0 0 1 1 B 1180000 28593456 1868010 934332 881064 24910050 2017 0 0 1 1 C 685000 46078552 2694488 1750394 899773 40524457 209440 2019 0 0 0 1 D 55904983 1500420 2912695 957038 24742191 25792639 2021 0 0 0 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 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 A 0 B 0 C 0 D 0 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 XI, LINE 9: CONTRIBUTION FROM ACQUISITION OF KSD FACILITIES, LLC 11,632. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM LAST YEAR. 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