2021-05-17T10:39:55-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2019-07-01 455233028 VALUE SCHOOLS FOUNDATION VALU 2133888695 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT/CEO 2133888695 2021-05-14 1 DERRICK DEBRUYNE CPA P00591016 6268577300 2021-05-14 2019 2022-09-23 18:48:47Z DAVID DOYLE 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 3532687 0 X WWW.VALUESCHOOLS.COM X 2012 CA TO SUPPORT THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH PURCHASING AND OWNING SCHOOL'S FACILITIES. 11 11 0 11 0 0 705879 1396901 2034823 2102602 67364 33184 0 0 2808066 3532687 300095 174160 0 0 0 0 0 0 0 2590086 3180428 2890181 3354588 -82115 178099 25241389 25528456 22646448 22755416 2594941 2773040 X VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAINTAIN AND OPERATE AN EDUCATIONAL INSTITUTION, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS, TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS, AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. 0 0 3274385 174160 2102602 THROUGH THE LLC THE ORGANIZATION SUPPORTS CENTRAL CITY VALUE SCHOOL (CCVS) AND DOWNTOWN VALUE SCHOOL (DVS) THROUGH THE PURCHASE AND OWNERSHIP OF EACH SCHOOL'S FACILITY AS WELL AS THE LONG TERM LEASE AND BUILDING RENOVATIONS FOR UNIVERSITY PREPARATORY VALUE SCHOOL (UPVS) AND LONG TERM LEASE FOR EVEREST VALUE SCHOOL. 3274385 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 CA X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE STE 315 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT/CEO 40.00 1.00 X 0 164345 19249 RHONDA HOFFARTH SECRETARY & TREASURER 40.00 1.00 X 0 124258 25852 GRANT CAMBRIDGE BOARD CHAIR 2.00 2.00 X X 0 0 0 VINCE GONZALES MEMBER 2.00 X X 0 0 0 JUAN BUSTAMANTE MEMBER 2.00 X 0 0 0 TOM LEVEE MEMBER 2.00 X 0 0 0 MATT O'CONNOR MEMBER 2.00 X 0 0 0 JODY FOLDESY MEMBER 2.00 X 0 0 0 NAYA BLOOM MEMBER 2.00 2.00 X 0 0 0 ANNIE WU MEMBER 2.00 X 0 0 0 JAMES BRAY MEMBER 2.00 X 0 0 0 PETER HILDEBRANDT MEMBER 2.00 X 0 0 0 AMANDA SWEENEY MEMBER 2.00 X 0 0 0 0 288603 45101 0 0 1 0 2 1396901 1396901 RENTAL INCOME 531390 2102602 2102602 2102602 33184 33184 3532687 2102602 0 33184 174160 174160 1123688 1123688 1378540 1378540 555508 555508 OTHER EXPENSES 122692 42489 80203 3354588 3274385 80203 0 3338412 697367 1082919 3070542 12879 405591 56123 67996 21896018 2671613 19177025 19224405 247500 1574031 1815055 25241389 25528456 35938 118626 193919 194579 19993595 19890850 2422996 2551361 22646448 22755416 X 2069662 1849195 525279 923845 2594941 2773040 25241389 25528456 178099 0 X 0 1 X 1 0 X 275709 438810 197950 705879 1396901 3015249 275709 438810 197950 705879 1396901 3015249 1026943 1988306 4639 12648 39131 67364 33184 156966 3172215 8693768 0.62680 0.59900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5512676 5512676 868871 205369 663502 14761327 2376091 12385236 150256 90153 60103 602888 602888 19224405 DEFERRED RENT ASSET 1815055 1815055 BOND INTEREST PAYABLE 668143 RELATED PARTY PAYABLE 219328 DEFERRED RENT LIABILITY 675275 GRANT FUNDS RESERVE 988615 2551361 X 3532687 0 3532687 0 3532687 3354588 0 3354588 0 3354588 PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 VALUE SCHOOLS 680 WILSHIRE PLACE LOS ANGELES CA 90005 954813155 501 (C) (3) 174160 CONTRIBUTION TO SCHOOL X X X X X 0 0 0 0 0 0 0 0 0 DAVID DOYLE PRESIDENT/CEO 0 164345 0 0 0 0 0 11164 0 8085 0 183594 0 0 RHONDA HOFFARTH SECRETARY & TREASURER 0 124258 0 0 0 0 0 9190 0 16662 0 150110 0 0 A CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TAD1 2013-08-08 12870000 TO ACQUIRE AND CONSTRUCT THE LAND AND FACILITIES FOR VALUE SCHOOLS 0 0 0 B CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TDM8 2016-12-01 8090000 TO RENOVATE FACILITIES FOR VALUE SCHOOLS 0 0 0 A 640000 12870000 1086632 551418 257400 10791709 198146 2013 0 0 1 1 B 8090000 563028 360571 40450 6987500 138451 2017 0 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT UPON THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12 MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE 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 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. VSF SCHOOL FACILITIES #1 LLC 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 FACILITIES CA 2068778 23754753 VALUE SCHOOLS FOUNDATION VSF SCHOOL FACILITIES #2 LLC 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 FACILITIES CA 1210380 786385 VALUE SCHOOLS FOUNDATION VALUE SCHOOLS 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 954813155 MANAGEMENT OF CHARTER SCHOOLS CA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 VALUE SCHOOLS J 2102602 ACTUAL AMOUNT PAID VALUE SCHOOLS B 174160 ACTUAL AMOUNT PAID