2019-05-15T12:57:08-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2017-07-01 455233028 VALUE SCHOOLS FOUNDATION VALU 2133888695 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT/CEO 2133888695 2019-05-15 1 DERRICK DEBRUYNE CPA P00591016 6268577300 2019-05-14 67.137.57.251 2019-05-15 05:21:34 PD P 3605098DE1C5714001CCA2EBA3FCCF3F67934A02 FAAF2A0F47C983ECA4BA3B7CB7C1C98A8B67BDDF 2017 2019-02-21 02:37:17Z DAVID DOYLE 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 2327774 0 X WWW.VALUESCHOOLS.COM X 2012 CA TO SUPPORT THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH PURCHASING AND OWNING SCHOOL'S FACILITIES. 8 8 0 11 0 0 438810 197950 1498002 2090693 12648 39131 0 0 1949460 2327774 0 139074 0 0 0 0 0 0 0 1841477 2273068 1841477 2412142 107983 -84368 25777604 25039973 23018696 22362917 2758908 2677056 X VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAITAIN 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 2390865 139074 2090693 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). 2390865 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 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 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 GRANT CAMBRIDGE CHAIR 2.00 2.00 X X 0 0 0 NAYA BLOM MEMBER 2.00 X 0 0 0 JAMES BRAY MEMBER 2.00 X 0 0 0 JUAN BUSTAMANTE MEMBER 2.00 X 0 0 0 JODY FOLDESY MEMBER 2.00 2.00 X 0 0 0 VINCE GONZALES 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 DAVID DOYLE PRESIDENT/CEO 1.00 40.00 X 0 126195 9511 RHONDA HOFFARTH SECRETARY & TREASURER 1.00 40.00 X 0 118500 17460 GERALDINE JACOBY FORMER PRESIDENT/CEO 1.00 40.00 X 0 80075 10073 0 324770 37044 0 1 0 0 DEL AMO CONSTRUCTION 23840 MADISON STREET TORRENCE CA 90505 GENERAL CONTRACTOR FOR RENOVATION OF 192 2879383 RED HOOK CAPITAL PARTNERS III LLC 2120 EAST GRAND AVE SUITE 135 EL SEGUNDO CA 90245 PROJECT MANAGERS FOR RENOVATION OF 1929 288594 BYZANTINE LLC 965 W VENICE BLVD LOS ANGELES CA 90015 BUILDING LEASE 216482 3 197950 197950 RENTAL INCOME 531390 2090693 2090693 2090693 39131 39131 2327774 2090693 0 39131 139074 139074 406116 406116 1395777 1395777 449898 449898 OTHER OPERATING EXPENSE 21277 0 21277 2412142 2390865 21277 0 7097656 3115631 674856 0 61306 0 0 0 0 28061 56754 21373180 1559235 17568359 19813945 0 127064 0 0 0 956464 1317481 25777604 25039973 823211 157469 187331 193570 19757941 20085913 410000 0 1840213 1925965 23018696 22362917 X 2693808 2656956 65100 20100 2758908 2677056 25777604 25039973 -84368 2516 0 X 0 1 X 1 0 X 3169255 248319 275709 438810 197950 4330043 3169255 248319 275709 438810 197950 4330043 136659 4193384 194 775 4639 12648 39131 57387 4387430 0.95580 X 5512676 5512676 15710248 1538477 14171771 150256 20758 129498 19813945 DEFERRED RENT ASSET 1317481 1317481 BOND INTEREST PAYABLE 515738 RELATED PARTY PAYABLE 171698 DEFERED RENT LIABILITY 249914 GRANT FUNDS RESERVE 988615 1925965 X 2330290 2516 2516 2327774 0 2327774 2412142 0 2412142 0 2412142 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 INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 VALUE SCHOOLS 680 WILSHIRE PLACE LOS ANGELES CA 90005 100000 CONTRIBUTION TO SCHOOL X X X X X 0 0 0 0 0 0 0 0 0 GERALDINE JACOBY FORMER PRESIDENT/CEO 0 80075 0 0 0 0 0 0 0 0 0 80075 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 360000 12870000 1086632 551418 257400 10791709 182841 2013 0 0 1 1 B 8090000 563028 360571 40450 6987500 138451 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 CFO REVIEWS THE RETURN THEN SENDS THE DRAFT DOCUMENT TO THE BOARD FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS IN THE PROCESS OF IMPLEMENTING A CONFLICT OF INTEREST POLICY. 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 2106233 24358855 VALUE SCHOOLS FOUNDATION VSF SCHOOL FACILITIES #2 LLC 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 FACILITIES CA 18525 6262 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 0 0 0 1 1 0 0 0 VALUE SCHOOLS J 2090693 AMOUNT PAID