2019-05-13T11:41:36-07:00 2018-06-30 952868411 BURKEY COX EVANS & BRADFORD 1058 W AVENUE M14 PALMDALE CA 935511440 990 2017-07-01 475307489 LIFELONG LEARNING ADMINISTRATION CORP- ORATION SEE FORM 990 SCHEDULE O LIFE 6619526007 177 HOLTON DR LANCASTER CA 93535 Peter Faragia CFO 2019-05-13 true Laura A Bradford CPA P00273037 6612672005 2017 2019-02-21 02:37:17Z Peter Faragia 38967394 false false X www.learn4life.org X 2015 CA IT IS THE MISSION OF LIFELONG LEARNING ADMINISTRATION CORPORATION TO PROVIDE ADMINISTRATIVE AND EDUCATIONAL SERVICES TO THE SUPPORTED ORGANIZATIONS ON A COLLECTIVE BASIS IN ORDER TO INCREASE THE OPERATIONAL AND ECONOMIC EFFICIENCIES OF THE SUPPORTED ORGANIZATIONS. 3 3 223 0 4500 0 31001863 38903638 29763 63756 0 31036126 38967394 0 0 19225157 21207720 0 0 9232933 11081618 28458090 32289338 2578036 6678056 15822332 19945255 12442916 9887783 3379416 10057472 IT IS THE MISSION OF LIFELONG LEARNING ADMINISTRATION CORPORATION TO PROVIDE ADMINISTRATIVE AND EDUCATIONAL SERVICES TO THE SUPPORTED ORGANIZATIONS AND THEIR RESPECTIVE SCHOOLS ON A COLLECTIVE BASIS IN ORDER TO INCREASE THE OPERATIONAL AND ECONOMIC EFFICIENCIES OF THE SUPPORTED ORGANIZATIONS, INCLUDING, BUT NOT LIMITED TO: PROVIDING GENERAL OPERATIONAL MANAGEMENT, FILES AND RECORDS ADMINISTRATION, PUBLIC RELATIONS OVERSIGHT, FINANCIAL SERVICES (INCLUDING ACCOUNTING, BOOKKEEPING, PAYROLL, AND PROCUREMENT FUNCTIONS), STRATEGIC PLANNING AND IMPLEMENTATION, RECOMMENDING POLICIES, RULES, REGULATIONS AND PROCEDURES, CORPORATE GOVERNANCE ADMINISTRATION, HUMAN CAPITAL MANAGEMENT (E.G. EMPLOYING PRINCIPALS, ADMINISTRATIVE STAFF, AND HIRING AND TRAINING TEACHERS), DEVELOPING CURRICULUM, OVERSEEING SCHOOL SAFETY, ENSURING EACH SCHOOL MAINTAINS APPROPRIATE STANDARDS, AND MANAGING AND OPERATING SCHOOL FACILITIES (THE "SERVICES). false false 32289338 THE SUPPORTED ORGANIZATIONS HAVE REALIZED REDUCTION OF ADMINISTRATIVE, EDUCATIONAL AND OTHER SERVICE EXPENSES AS A RESULT OF LIFELONG LEARNING ADMINISTRATION CORPORATION PROVIDING SUCH SERVICES TO THE SUPPORTED ORGANIZATIONS AND HAVE ALSO ENJOYED INCREASED FOCUS ON EDUCATING STUDENTS DUE TO NO LONGER NEEDING TO EMPLOY ADMINISTRATIVE PERSONNEL TO PROVIDE SUCH SERVICES INTERNALLY AND REQUIRING EMPLOYEES RESPONSIBLE FOR EDUCATING STUDENTS ALSO HAVING TO PERFORM ADMINISTRATIVE FUNCTIONS. 32289338 true false false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false true false false false true 81 0 true 223 true false false false false false false false false 0 false false false false false false false false false false X 3 3 false false false false true true true true true false false true true false false true true true true false CA X Peter Faragia 6612721225 177 HOLSTON DR LANCASTER CA 93535 MARY JANE ALMANDOZ Director 0.10 0.00 X 9450 0 0 DARREN BOWER Director 0.10 0.00 X 9450 0 0 ROBERT HARENSKI Director 0.10 0.00 X 9000 0 0 SKIP HANSEN CEO 60.00 0.00 X 389815 0 24839 DIANE STOVER EXECUTIVE VICE PRESIDENT 50.00 0.00 X 329403 0 24352 JEFF BROWN Senior Executive 50.00 0.00 X 373712 0 23976 MICHAEL VANKIRK VICE PRESIDENT OF TECHNOLOGY 50.00 0.00 X 213340 0 10481 CHRISTOPHER HODGE VICE PRESIDENT OF CURRICULUM 50.00 0.00 X 201891 0 21401 CLAUDIO WOHL VICE PRESIDENT OF FINANCE 50.00 0.00 X 176600 0 24029 Peter Faragia CFO/Secretary 50.00 0.00 X 230745 0 12080 Chad Grey Chief Human Resource Officer 50.00 0.00 X 212959 0 18478 BERTRAND FREYSCHLAG SR DIR FINANCE 40.00 0.00 X 178098 0 3498 ARVEE VILORIA DIR INF-TECHNOLOGY 40.00 0.00 X 152996 0 10415 Charles Kahler VP OF COMPLIANCE 40.00 0.00 X 172280 0 720 DANTE M SIMI SR DIR FAC & LOGIS 40.00 0.00 X 148969 0 6229 Valerie Chase Vice President 40.00 0.00 X 147071 0 24445 DANTE R SIMI CEO 60.00 0.00 X 679884 0 22124 LINDA SIMI Executive Vice President 55.00 0.00 X 333195 0 23187 Cristina Gulacy-Worr Vice President 50.00 0.00 X 174162 0 24038 John Hegelson Executive Vice President 60.00 0.00 X 288660 0 24000 4431680 298292 17 true true false BILL J THOMPSON ATTORNEY AT LAW 28212 KELLY JOHNSON PKWY 195 VALENCIA CA 91355 LEGAL SERVICES 386888 ACCOUNTEMPS PO BOX 743295 LOS ANGELES CA 90074 STAFFING SERVICES 263518 EVERY STUDENT LEARNS INC 2112 WATERLILY VIEW STREET HENDERSON NV 89044 CONSULTING SERVICES 240031 OPSEC SPECIALIZED PROTECTION INC 44262 N DIVISION ST STE A LANCASTER CA 93535 SECURITY SERVICES 170339 BLANK ROME LLP 2029 CENTURY PARK EAST 6TH FLOOR LOS ANGELES CA 90067 LEGAL SERVICES 278524 5 0 EDUCATION SUPPORT SERVICE 611710 38903638 38903638 38903638 63756 63756 0 0 0 0 0 0 0 0 38967394 38967394 0 0 0 0 2316001 2316001 0 13873757 13873757 0 5017962 5017962 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 146117 146117 0 666637 666637 0 OTHER OPERATING EXPENDITURES 4922534 4922534 rENTALS, LEASES, AND REPAIRS 3932840 3932840 BOOKS AND SUPPLIES 1413490 1413490 0 32289338 32289338 0 0 7318193 7307976 0 0 4552956 5683093 0 0 1264325 4408629 0 595 472495 3406917 1353715 2680159 2053202 0 0 0 0 6104 19860 15822332 19945255 4671964 6163295 2502750 1922216 5268202 1802272 12442916 9887783 X 3379416 10057472 3379416 10057472 15822332 19945255 6678056 X true X true X false false X X 12 ANTELOPE VALLEY LEARNING ACADEMY 205291618 2 true 8805738 0 ALTA VISTA PUBLIC CHARTER INC 270951554 2 true 1504993 0 CRESCENT VIEW SOUTH INC 770643134 2 true 4318059 0 CRESCENT VIEW WEST PUBLIC CHARTER 680610130 2 true 3102135 0 DESERT SANDS PUBLIC CHARTER INC 481272886 2 true 5374580 0 DIEGO PLUS EDUCATION CORPORATION 264557999 2 true 3401313 0 MISSION VIEW PUBLIC CHARTER INC 651298961 2 true 2487660 0 VISTA REAL PUBLIC CHARTER INC 342050844 2 true 3797827 0 SIERRA EDUCATIONAL ADVANCEMENT CORP 473368777 2 true 405934 0 WESTERN EDUCATIONAL CORPORATION 811960983 2 true 5705399 0 FLEX HIGH SCHOOL INC 473226519 2 true 0 0 Independent Athletic Alliance 812248345 2 true 0 0 12 38903638 0 true false false false false false false false false false false false false false false true true false X true true Support Schedule: Additional Supplemental Information part IV, Section D, Line 1LIFELONG LEARNING ADMINISTRATION CORPORATION provides to each supported organization'S RESPECTIVE CHARTER SCHOOL a written notice each year containing: (1) the types and amount of support that was provided to each of the supported organization's charter schools; (2) a copy of LIFELONG LEARNING ADMINISTRATION CORPORATIONs most recently filed Form 990; and (3) a copy of LIFELONG LEARNING ADMINISTRATION CORPORATIONs governing documents and amendments made thereto during the preceding taxable year. Thus, LIFELONG LEARNING ADMINISTRATION CORPORATION satisfies the notification requirement of Section 509(f)(1)(A) of the Code and Treasury Regulation 1.509(a)-4(i)(2)(i). Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu LIFELONG LEARNING ADMINISTRATION CORPORATION provides educational and administrative services to each of the supported organizations IDENTIFIED ABOVE. LIFELONG LEARNING ADMINISTRATION CORPORATION works in collaboration with the supported organizations to develop and implement their educational programS and curriculum. LIFELONG LEARNING ADMINISTRATION CORPORATION also reports to the Board of Directors of each supported organization at least quarterly and as often as the supported organizations Board of Directors reasonably requests to discuss the needs of the supported organization and how LIFELONG LEARNING ADMINISTRATION CORPORATION can best support the supported organization. Thus, LIFELONG LEARNING ADMINISTRATION CORPORATION is responsive to the needs and demands of each of the Corporations it supports and it constitutes an integral part of, and maintains significant involvement in, the operations of each of the Corporations it supports. Therefore, LIFELONG LEARNING ADMINISTRATION CORPORATION satisfies the responsiveness test contained in Treasury Regulation 1.509(a)-(4)(i)(3). Part IV, Section E, Line 2b: Reasons For The Organization's Position LIFELONG LEARNING ADMINISTRATION CORPORATION conducts no activities that are not in furtherance of the educational purposes of the supported organizations. But for LIFELONG LEARNING ADMINISTRATION CORPORATION providing administrative and educational services to THE supported organizations, each supported organization would provide the services itself. false false false false false false false false false false true 71207 71207 false false Part II-B, Line 1i - Other Activities Description LIFELONG LEARNING ADMINISTRATION CORPORATION ENGAGED LOBBYISTS TO LOBBY ON CHARTER SCHOOL ISSUES. 62742 24930 37812 254582 101157 153425 3089593 1227628 1861965 2053202 A/P - RELATED ORGANIZATIONS 1802272 1802272 38967394 38967394 38967394 32289338 32289338 32289338 X X X X false false false false false false false false false false ARVEE VILORIA DIR INF-TECHNOLOGY 138576 14420 10035 380 163411 BERTRAND FREYSCHLAG SR DIR FINANCE 158898 19200 3498 181596 Chad Grey Chief Human Resource Officer 185722 24000 3237 18000 478 231437 Charles Kahler VP OF COMPLIANCE 154280 18000 720 173000 CHRISTOPHER HODGE VICE PRESIDENT OF CURRICULUM 177799 23760 332 18000 3401 223292 CLAUDIO WOHL VICE PRESIDENT OF FINANCE 153367 21000 2233 18000 6029 200629 Cristina Gulacy-Worr Vice President 150962 11200 12000 18000 6038 198200 DANTE M SIMI SR DIR FAC & LOGIS 134038 14736 195 4898 1331 155198 DANTE R SIMI CEO 584884 95000 21933 191 702008 DIANE STOVER EXECUTIVE VICE PRESIDENT 280440 48000 963 24000 352 353755 JEFF BROWN Senior Executive 338212 35500 23976 397688 John Hegelson Executive Vice President 252250 33150 3260 24000 312660 LINDA SIMI Executive Vice President 285995 47200 22977 210 356382 MICHAEL VANKIRK VICE PRESIDENT OF TECHNOLOGY 187519 23760 2061 10003 478 223821 Peter Faragia CFO/Secretary 208545 22200 11700 380 242825 SKIP HANSEN CEO 331552 56217 2046 24000 839 414654 Valerie Chase Vice President 128951 18120 24000 445 171516 Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body LIFELONG LEARNING ADMINISTRATION CORPORATION'S SOLE MEMBER, EDUCATION ADVANCEMENT CORPORATION, HAS THE POWER TO APPOINT LIFELONG LEARNING ADMINISTRATION CORPORATION'S GOVERNING BODY, AMEND THE ARTICLES AND BYLAWS, AND DISSOLVE THE ORGANIZATION. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders LIFELONG LEARNING ADMINISTRATION CORPORATION'S SOLE MEMBER, EDUCATION ADVANCEMENT CORPORATION, HAS THE POWER TO APPOINT LIFELONG LEARNING ADMINISTRATION CORPORATION'S GOVERNING BODY, AMEND THE ARTICLES AND BYLAWS, AND DISSOLVE THE ORGANIZATION. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the Form 990 was sent to each board member with a request for review and comment before filing. The Form 990 is also reviewed and discussed by the board of directors again at the next regularly scheduled board meeting. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The corporation's independent legal counsel undertook a thorough and detailed analysis of available data regarding organizations with comparable missions and budgets to obtain the most helpful comparable data possible. The review included a review of the Charity Navigator's CEO Compensation Study and the Guidestar Compensation Report. Comparisons were based not only upon comparability of revenue and mission but also geographical proximity. The governing board, after being presented with the data and recommendations of counsel, deliberated and voted to approve the compensation. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The corporation's independent legal counsel undertook a thorough and detailed analysis of available data regarding organizations with comparable missions and budgets to obtain the most helpful comparable data possible. The review included a review of the Charity Navigator's CEO Compensation Study and the Guidestar Compensation Report. Comparisons were based not only upon comparability of revenue and mission but also geographical proximity. The governing board, after being presented with the data and recommendations of counsel, deliberated and voted to approve the compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available A copy of the governing docs, policies, and financial statements are kept at the principal place for business and are available for review FULL LEGAL NAME AND DOING BUSINESS AS NAMES LIFELONG LEARNING ADMINISTRATION CORPORATION, which does business under the following fictitious business names: SEQUOIA ADMINISTRATIVE RESOURCES; and, SCHOLASTIC EDUCATION RESOURCES. ALTA VISTA PUBLIC CHARTER INC 177 HOLSTON DRIVE LANCASTER CA 93535 270951554 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false ANTELOPE VALLEY LEARNING ACADEMY INC 177 HOLSTON DRIVE LANCASTER CA 93535 205291618 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false CRESCENT VIEW SOUTH INC 177 HOLSTON DRIVE LANCASTER CA 93535 770643134 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false CRESCENT VIEW WEST PUBLIC CHARTER INC 177 HOLSTON DRIVE LANCASTER CA 93535 680610130 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false DESERT SANDS PUBLIC CHARTER INC 177 HOLSTON DRIVE LANCASTER CA 93535 481272886 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false DIEGO PLUS EDUCATION CORPORATION 177 HOLSTON DRIVE LANCASTER CA 93535 264557999 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false MISSION VIEW PUBLIC CHARTER INC 177 HOLSTON DRIVE LANCASTER CA 93535 651298961 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false SIERRA EDUCATIONAL ADVANCEMENT CORP 177 HOLSTON DRIVE LANCASTER CA 93535 473368777 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false VISTA REAL PUBLIC CHARTER INC 177 HOLSTON DRIVE LANCASTER CA 93535 342050844 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false EDUCATION ADVANCEMENT CORPORATION 42455 10TH STREET WEST LANCASTER CA 93534 454120373 EDUCATION CA 501 (C) (3) 2 EDUCATION ADVANCEMENT CORPORATION false WESTERN EDUCATIONAL CORPORATION 177 HOLSTON DR LANCASTER CA 93535 811960983 EDUCATION CA 501 (C) (3) 2 NA false false false false true true false false false false true false false false false false false false false false ANTELOPE VALLEY LEARNING ACADEMY INC d 2472871 CASH ANTELOPE VALLEY LEARNING ACADEMY INC j 900000 CASH CRESCENT VIEW SOUTH INC d 210632 CASH CRESCENT VIEW WEST PUBLIC CHARTER INC d 546997 CASH CRESCENT VIEW WEST PUBLIC CHARTER INC e 204551 CASH DESERT SANDS PUBLIC CHARTER INC d 753515 CASH DESERT SANDS PUBLIC CHARTER INC e 1090272 CASH DIEGO PLUS EDUCATION CORPORATION d 192168 CASH MISSION VIEW PUBLIC CHARTER INC d 251101 CASH SIERRA EDUCATIONAL ADVANCEMENT CORP d 820315 CASH VISTA REAL PUBLIC CHARTER INC d 333153 CASH VISTA REAL PUBLIC CHARTER INC e 507449 CASH WESTERN EDUCATIONAL CORPORATION d 2990321 CASH PART V LINE 2 (1) THE ORGANIZATION HAS ACCOUNTS RECEIVABLE ($1,972,871) FROM ANTELOPE VALLEY LEARNING ACADEMY, INC., An organization WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. THE ORGANIZATION ALSO HAS A NOTE RECEIVABLE ($500,000) WITH A 4% INTEREST RATE FROM ANTELOPE VALLEY LEARNING ACADEMY, Inc., TO FUND THE organization'S CASH FLOW NEEDS. THE INTEREST AND PRINCIPAL ARE DUE WITHIN ONE YEAR FROM THE DATE OF THE LOAN. PART V LINE 2 (2) THE ORGANIZATION HAS ENTERED INTO A LEASE AGREEMENT WITH ANTELOPE VALLEY LEARNING ACADEMY, INC., An organization WITH RELATED MANAGEMENT AND OFFICERS. PART V LINE 2 (3) THE ORGANIZATION HAS ACCOUNTS RECEIVABLE FROM CRESCENT VIEW SOUTH, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 (4) THE ORGANIZATION HAS ACCOUNTS RECEIVABLE FROM CRESCENT VIEW WEST PUBLIC CHARTER, A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 (5) THE ORGANIZATION HAS ACCOUNTS PAYABLE TO CRESCENT VIEW WEST PUBLIC CHARTER, A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS PAYABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 (6) THE ORGANIZATION HAS ACCOUNTS RECEIVABLES IN THE AMOUNT OF $409,886 AND NOTES RECEIVABLES IN THE AMOUNT OF $343,629 AS OF 06/30/18 FROM DESERT SANDS PUBLIC CHARTER, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. THE NOTES RECEIVABLES AROSE AS THE ORGANIZATION ENTERED INTO A LOAN AGREEMENT WITH DESERT SANDS PUBLIC CHARTER, INC. THE NOTE PROVIDES FOR AN INTEREST RATE OF 4%. PART V LINE 2 CONTINUATION PAGE FIRST LINE THE ORGANIZATION HAS ACCOUNTS PAYABLE TO DESERT SANDS PUBLIC CHARTER, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS PAYABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 CONTINUATION PAGE SECOND LINE THE ORGANIZATION HAS ACCOUNTS RECEIVABLES FROM DIEGO PLUS EDUCATION CORPORATION, A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 CONTINUATION PAGE THIRD LINE THE ORGANIZATION HAS ACCOUNTS RECEIVABLE FROM MISSION VIEW PUBLIC CHARTER, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 CONTINUATION PAGE FOURTH LINE THE ORGANIZATION HAS ACCOUNTS RECEIVABLES IN THE AMOUNT OF $70,315 AND NOTES RECEIVABLES IN THE AMOUNT OF $750,000 AS OF 06/30/18 FROM SIERRA EDUCATIONAL ADVANCEMENT CORPoration, An organization WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. THE NOTES RECEIVABLES AROSE AS THE ORGANIZATION ENTERED INTO A LOAN AGREEMENT WITH DESERT SANDS PUBLIC CHARTER, INC. THE NOTE PROVIDES FOR AN INTEREST RATE OF 4%. PART V LINE 2 CONTINUATION PAGE FIFTH LINE THE ORGANIZATION HAS ACCOUNTS RECEIVABLE FROM VISTA REAL PUBLIC CHARTER, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 CONTINUATION PAGE SIXTH LINE THE ORGANIZATION HAS ACCOUNTS PAYABLE TO VISTA REAL PUBLIC CHARTER, INC., A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICERS. THE ACCOUNTS PAYABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. PART V LINE 2 CONTINUATION PAGE SEVENTH LINE THE ORGANIZATION HAS ACCOUNTS RECEIVABLES IN THE AMOUNT OF $1,290,321 AND NOTES RECEIVABLES IN THE AMOUNT OF $1,700,000 AS OF 06/30/18 FROM WESTERN EDUCATIONAL CORPORATION, A CHARTER SCHOOL WITH RELATED MANAGEMENT AND OFFICER. THE ACCOUNTS RECEIVABLE TRANSACTIONS AROSE IN THE NORMAL COURSE OF OPERATIONS. THE NOTES RECEIVABLES AROSE AS THE ORGANIZATION ENTERED INTO A LOAN AGREEMENT WITH WESTERN EDUCATION CORPORATION. THE NOTE PROVIDES FOR AN INTEREST RATE OF 4%.