2020-05-05T13:38:23-05:00 2019-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2018-07-01 263878865 KLARE HOLDINGS KLAR 2134894461 3601 E FIRST STREET LOS ANGELES CA 90063 KYLE SALYER CHIEF FINANCIAL OFFICER 2134894461 2020-04-22 1 WADE MCMULLEN CPA P00591016 6268577300 2020-04-22 67.137.57.251 2020-04-22 13:36:01 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4ECE1D6BFAAD5F9D3037D8EEE2BB227CB552B71C 2018 2020-11-06 18:47:13Z NOLAN HIGHBAUGH 3601 E FIRST STREET LOS ANGELES CA 90063 8717412 0 X N/A X 2008 CA TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 3 3 0 0 0 0 0 0 0 0 385601 382452 7833373 8334960 8218974 8717412 0 0 0 0 0 0 0 0 0 6759666 6855198 6759666 6855198 1459308 1862214 118392404 183051473 119594251 182391106 -1201847 660367 TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 0 0 6829091 8334960 THE ORGANIZATION FINANCES, DEVELOPS, LEASES AND MAINTAINS CERTAIN SCHOOL FACILITIES TO HELP KIPP SOCAL PUBLIC SCHOOLS TO MORE EFFECTIVELY ACHIEVE ITS MISSION OF TEACHING THE ACADEMIC SKILLS, FOSTERING THE INTELLECTUAL HABITS, AND CULTIVATING THE CHARACTER TRAITS NEEDED FOR ITS STUDENTS TO THRIVE IN HIGH SCHOOL, COLLEGE, AND LIFE. 6829091 1 0 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 MARCIA AARON CHIEF EXECUTIVE OFFICER 1.00 50.00 X 0 332118 25320 KYLE SALYER CHIEF FINANCIAL OFFICER 1.00 50.00 X 0 228418 18386 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 560536 43706 0 0 1 0 EPI CONSTRUCTION INC 12345 VENTURA BLVD SUITE H STUDIO CITY CA 91604 CONSTRUCTION CONTRACTOR 7687181 MILLIE AND SEVERSON INCORPORATED 3601 SERPENTINE DRIVE LOS ALAMITOS CA 90720 CONSTRUCTION CONTRACTOR 7431312 DEL AMO CONSTRUCTION INC 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION CONTRACTOR 7392942 FRANCO ARCHITECTS INC 12345 VENTURA BLVD STE H STUDIO CITY CA 91604 ARCHITECT SERVICE 856500 PACIFIC CHARTER SCHOOL DEVELOPMENT 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 CONSTRUCTION PROJ MANAGEMENT 618446 14 382452 382452 8332856 0 8332856 8332856 8332856 MISCELLANEOUS 900099 2104 2104 2104 8717412 8334960 0 382452 5640 5640 20467 20467 16750 16750 19338 19338 716187 716187 3379819 3379819 2559012 2559012 51 51 DUES AND FEES 100527 100527 OTHER OUTGO 37407 37407 6855198 6829091 26107 0 36003340 61146083 804279 1019452 613500 310000 125283468 9162698 76640771 116120770 3713677 3738563 616837 716605 118392404 183051473 7736269 5740368 99663041 153343682 12194941 23307056 119594251 182391106 X -1201847 660367 -1201847 660367 118392404 183051473 1862214 0 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 31407229 31407229 76494573 4568142 71926431 7780232 4115168 3665064 1081821 479388 602433 8519613 8519613 116120770 DUE TO KIPP SOCAL PUBLIC SCHOOLS 22791056 GRANT FUND RESERVE PAYABLE 516000 23307056 X 8717412 0 8717412 0 8717412 6855198 0 6855198 0 6855198 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 MARCIA AARON CHIEF EXECUTIVE OFFICER 0 332118 0 0 0 0 0 14871 0 10449 0 357438 0 0 KYLE SALYER CHIEF FINANCIAL OFFICER 0 228418 0 0 0 0 0 13892 0 4494 0 246804 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 2017-08-03 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 1535000 28407269 1415765 945189 905808 25140507 2016 0 0 1 1 B 645000 28593456 1855106 934332 881064 24922954 2017 0 0 1 1 C 46078552 2710878 1750394 899773 39719469 998038 2019 0 0 0 1 D 55904983 1496250 2912695 957038 5201446 45337554 2020 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM LAST YEAR. 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