2019-05-15T16:28:12-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2017-07-01 263878865 KLARE HOLDINGS KLAR 2134894461 3601 E FIRST STREET LOS ANGELES CA 90063 NOLAN HIGHBAUGH CHAIR 2134894461 2019-05-10 1 DERRICK DEBRUYNE CPA P00591016 6268577300 2019-05-09 67.137.57.251 2019-05-10 10:07:21 PD P 6A821D0B274B5855642737A0F5B4B79E08AAF2E9 BCC8A6D2A0235F1B1EA74BDE772789555568A9AF 2017 2019-02-21 02:37:17Z NOLAN HIGHBAUGH 3601 E FIRST STREET LOS ANGELES CA 90063 8218974 0 X N/A X 2008 CA TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS. 3 3 0 0 0 0 311779 0 0 0 214855 385601 5367609 7833373 5894243 8218974 0 0 0 0 0 0 0 0 0 4307098 6759666 4307098 6759666 1587145 1459308 72936198 118392404 75597353 119594251 -2661155 -1201847 TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS. 0 0 6406861 7833373 THE ORGANIZATION FINANCES, DEVELOPS, LEASES AND MAINTAINS CERTAIN SCHOOL FACILITIES TO HELP KIPP LA 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. 6406861 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 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 NOLAN HIGHBAUGH CHAIR 1.00 X X 0 0 0 JEFF STRNAD TREASURER 1.00 X X 0 0 0 JASON WILLIAMS SECRETARY 1.00 X 0 0 0 MARIA AARON CHIEF EXECUTIVE OFFICER 1.00 40.00 X 0 263523 24547 KYLE SALYER CHIEF FINANCIAL OFFICER 0.00 40.00 X 0 203240 16445 0 466763 40992 0 0 1 0 DEL AMO CONSTRUCTION INC 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION CONTRACTOR 7337144 SILVER CREEK INDUSTRIES INC 2830 BARRETT AVE PERRIS CA 92571 CONSTRUCTION CONTRACTOR 845911 PACIFIC CHARTER SCHOOL DEVELOPMENT 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 CONSTRUCTION MANAGEMENT SVC 784584 MILLIE AND SEVERSON INC 3601 SERPENTINE DRIVE LOS ALAMITOS CA 90720 CONSTRUCTION CONTRACTOR 541091 FRANCO ARCHITECTS INC 12345 VENTURA BLVD STE H STUDIO CITY CA 91604 ARCHITECTURAL SERVICES 536463 10 385601 385601 6059192 0 6059192 6059192 6059192 CANCELLED FEES/RENT 900099 925536 925536 LOAN FORGIVEN 900099 780820 780820 PY PROPERTY TAX REFUND 900099 67825 67825 1774181 8218974 7833373 0 385601 13624 13624 16670 16670 6250 6250 11221 11221 934622 934622 2586608 2586608 1849544 1849544 7164 7164 LEASE TERMINATION FEE 593248 593248 0 DUES AND FEES 297876 196913 100963 RESTROOM RESTORATION 195079 195079 0 WRITE OFF WIP 65465 50847 14618 182295 182295 6759666 6406861 352805 0 10944541 36003340 258628 804279 222527 613500 83244457 6603686 54986676 76640771 3596127 3713677 2545544 382155 616837 72936198 118392404 4825790 7736269 55625422 99663041 3296198 11849943 12194941 75597353 119594251 X -2661155 -1201847 -2661155 -1201847 72936198 118392404 1459308 0 X 0 1 X 1 0 X X 1 KIPP LA 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 15573454 15573454 38550067 2680903 35869164 7780232 3596485 4183747 775113 326298 448815 20565591 20565591 76640771 DUE TO KIPP LA SCHOOLS 11678941 GRANT FUND RESERVE PAYABLE 516000 12194941 X 8218974 0 8218974 0 8218974 6759666 0 6759666 0 6759666 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. 0 0 0 0 0 0 0 0 0 MARIA AARON CHIEF EXECUTIVE OFFICER 0 263523 0 0 0 0 0 0 0 24547 0 288070 0 0 KYLE SALYER CHIEF FINANCIAL OFFICER 0 203240 0 0 0 0 0 0 0 16445 0 219685 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 A 595000 28407269 1394372 945189 905808 25161900 2016 0 0 0 1 B 130000 28593456 1826382 934332 881064 24569867 381811 2017 0 0 0 1 C 46078552 2700891 1750394 889773 16335663 24391830 2019 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 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 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 3 EMPLOYEES OF KIPP LA SCHOOLS MAINTAIN THE BOOKS AND RECORDS OF KLARE HOLDINGS, WHOSE FINANCIAL RESULTS ARE CONSOLIDATED WITHIN THOSE OF KIPP LA SCHOOLS. FORM 990, PART VI, SECTION A, LINE 6 KIPP LA SCHOOLS IS THE SINGLE MEMBER OF KLARE HOLDINGS. FORM 990, PART VI, SECTION A, LINE 7A KIPP LA 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 THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT THE PERIODIC BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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