2018-11-05T10:06:23-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2017-01-01 200696786 PACIFIC CHARTER SCHOOL DEVELOPMENT PACI 2135424700 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 JOHN SUN CHIEF EXECUTIVE OFFICER 2135424700 2018-10-08 1 DERRICK DE BRUYNE P00591016 6268577300 2018-10-08 67.137.57.251 2018-10-08 09:09:20 PD P 3768BF79026E9FB72EC01A0D6C8ECE789ADCBC55 8931C4FDB20488BB6F0B2B28F92219C87EC87541 2017 2019-02-21 02:37:17Z JOHN SUN 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 29136306 0 X WWW.PACIFICCHARTER.ORG X 2004 CA TO SUPPORT AND FACILITATE THE DEVELOPMENT OF CHARTER SCHOOL FACILITIES. 8 8 25 0 -7669 -7669 10303133 3024904 4127884 3517897 -3719219 -555974 41201 962364 10752999 6949191 0 6506706 0 0 2581908 3188511 0 0 185954 3146920 2238697 5728828 11933914 5024171 -4984723 80326033 86622609 51980725 63262023 28345308 23360586 X PACIFIC CHARTER SCHOOL DEVELOPMENT IS A NON-PROFIT REAL ESTATE DEVELOPMENT ORGANIZATION PROVIDING LOW-COST FACILITIES TO HIGH-QUALITY CHARTER SCHOOLS. 0 0 10967265 6506706 4513666 PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) IS ACCELERATING THE PACE OF URBAN SCHOOL REFORM AS A NON-PROFIT DEVELOPER FOR PUBLIC CHARTER SCHOOL FACILITIES. BY PARTNERING WITH SOME OF THE NATION'S HIGHEST PERFORMING ORGANIZATIONS THAT OPERATE SCHOOLS SERVING LOW-INCOME STUDENTS, WE ARE HELPING THESE GROUPS EXPAND AND SERVE MORE FAMILIES. WE CREATE SMALL, ACADEMICALLY-FRIENDLY, SUSTAINABLE AND ENVIRONMENTALLY-RESPONSIBLE CHARTER SCHOOL CAMPUSES AT A FRACTION OF THE "COST-PER-SEAT" INCURRED BY TRADITIONAL PUBLIC SCHOOL SYSTEMS. IN OUR FIRST THIRTEEN YEARS OF SCHOOL OPENINGS, PCSD HAS SERVED 67 CAMPUSES, DEVELOPING 29,840 STUDENT SEATS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS RECEIVE FREE OR REDUCED-PRICE MEALS THROUGH THE FEDERAL NATIONAL SCHOOL LUNCH PROGRAM. PCSD BUILDS PUBLIC CHARTER SCHOOLS THAT PROVIDE SMALLER, MORE CUSTOMIZED LEARNING ENVIRONMENTS THAT ARE YIELDING SUPERIOR ACADEMIC RESULTS. CHARTER SCHOOLS ARE FREE PUBLIC SCHOOLS. ADMISSION IS OPEN TO ALL AND DETERMINED BY AN UNBIASED LOTTERY OF THE APPLICANTS TO THE SCHOOL. THE DEMAND FOR CHARTER SCHOOLS CONTINUES TO GROW AS MORE PARENTS BECOME AWARE OF THIS OPPORTUNITY FOR THEIR CHILDREN. PCSD IS AT THE FOREFRONT OF MAKING THIS TRANSFORMATIVE CHANGE IN K-12 PUBLIC EDUCATION. VIA THE PROJECT DEVELOPMENT PROCESS, PCSD HELPS SCHOOLS OVERCOME TREMENDOUS BARRIERS TO FIND, FINANCE, ENTITLE, BUILD AND SECURE FACILITIES. PCSD'S DEVELOPMENT FEE, AT 5% OF PROJECT COST, IS BELOW MARKET. AS A LANDLORD, PCSD CHARGES A BELOW-MARKET RENT. WHEN EACH CHARTER SCHOOL TENANT REACHES A STATE OF MATURITY DEFINED BY METRICS INVOLVING ACADEMIC AND FINANCIAL PERFORMANCE AND COMMUNITY SUPPORT, PCSD WORKS WITH EACH SCHOOL'S LEADERSHIP TEAM TO SECURE LONG-TERM FINANCING TO SUPPORT THE PURCHASE OF THEIR CAMPUSES AT COST FROM PCSD. IN DOING SO, CHARTER SCHOOLS ACQUIRE REAL ASSETS AND LONG-TERM BALANCE SHEET STABILITY WHILE PCSD RECYCLES COMMITTED EQUITY SO EACH PHILANTHROPIC DOLLAR GENERATES ADDITIONAL CHARTER SCHOOL SEATS MANY TIMES OVER. PCSD'S PARTNERS CONTINUE TO INCLUDE SOME OF THE LEADING FOUNDATIONS INVOLVED IN URBAN EDUCATION REFORM: THE AHMANSON FOUNDATION, BROAD FOUNDATION, WALTON FAMILY FOUNDATION AND W.M. KECK FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL. 10967265 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 58 0 1 25 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA WA X APRIL CANG 2135424706 600 WILSHIRE BLVD STE 200 LOS ANGELES CA 90017 RICH BILLINGS BOARD MEMBER 1.00 1.00 X 0 0 0 REGGIE GILYARD BOARD MEMBER 1.00 1.00 X 0 0 0 BRIAN GREENBERG BOARD MEMBER 1.00 1.00 X 0 0 0 PAUL HABIBI BOARD MEMBER 1.00 1.00 X 0 0 0 ERIC JOHNSON BOARD MEMBER 1.00 1.00 X 0 0 0 ERIC SUSSMAN BOARD MEMBER 1.00 1.00 X 0 0 0 ELI KENNEDY BOARD MEMBER 1.00 2.00 X 0 0 0 JOHN SUN CHIEF EXECUTIVE OFFI 36.00 4.00 X X 252317 0 29900 MARY KATE HIRSH CHIEF OPERATING OFFI 40.00 X 12149 0 248 SCARLET SY CHIEF FINANCIAL OFFI 34.00 6.00 X 151420 0 13877 SCOTT THOMAS DIRECTOR OF FINANCE 20.00 20.00 X 133922 0 21200 PATRICK A ONTIVEROS GENERAL COUNSEL 38.00 2.00 X 159231 0 6504 JAMES HEUGAS SR. PROJECT MANAGER 5.00 35.00 X 155326 0 22286 DARRYL EVANS PROJECT MANAGER, LOS ANGELES 40.00 X 131213 0 21729 JOE WILSON PROJECT DIRECTOR, LOS ANGELES 40.00 X 132872 0 30518 1128450 0 146262 15 0 1 0 DEL AMO CONSTRUCTION 23840 MADISON STREET TORRANCE CA 90505 CONSTRUCTION 8688410 HILBERS INC 1210 STABLER LANE YUBA CITY CA 95993 CONSTRUCTION 7045626 BLACKWELL CONSTRUCTION 12345 VENTURA BLVD SUITE H STUDIO CITY CA 91604 CONSTRUCTION 1761522 NAC 837 SPRING ST 3RD FLOOR LOS ANGELES CA 90012 ARCHITECTURE 474674 TEF ARCHITECTURE AND INTERIOR DESIGN 1420 SUTTER ST 2ND FLOOR SAN FRANCISCO CA 94109 ARCHITECTURE 303032 18 3024904 3024904 MANAGEMENT & CONSULTING FEES 541610 2045322 2045322 RENTAL & MGMT INCOME 532000 1514555 1514555 DEVELOPMENT FEES 900099 1228556 1228556 INV. LOSS-NOTES RECEIVABLE 900099 -1270536 -1270536 3517897 138465 138465 16113 49518 -33405 -33405 -16943 -16462 21443158 22137597 -694439 -694439 9274 -703713 RECAPTURE OF STARTUP COSTS 900099 939091 939091 MISCELLANEOUS 900099 56678 56678 995769 6949191 4513666 -7669 -581710 6506706 6506706 461328 345997 92266 23065 2285343 1714007 457069 114267 58494 43870 11698 2926 182980 137235 36596 9149 200366 150275 40073 10018 6468 1294 5174 101995 76496 20399 5100 429667 420654 7392 1621 99887 80415 16361 3111 167701 125776 33540 8385 111726 94966 11174 5586 9907 2477 7430 474814 474814 487056 487056 140837 112670 28167 NEW PROJECT COSTS 147911 147911 TRAINING & DEVELOPMENT 20752 15564 4150 1038 MEALS & ENTERTAINMENT 13401 10051 2680 670 26575 19031 6526 1018 11933914 10967265 780695 185954 12272779 7760172 22905253 21957764 2500000 753125 351847 357548 8519467 10802623 1137245 34099 45154077 660900 32278100 44493177 361342 464101 80326033 86622609 1074911 4702765 16226672 16385492 29330000 36330000 5349142 5843766 51980725 63262023 X 23903055 21188009 4442253 2172577 28345308 23360586 80326033 86622609 -4984723 1 0 X X 0 1 X 1 0 X 1078182 4124433 10713086 10303133 3024904 29243738 1078182 4124433 10713086 10303133 3024904 29243738 14532863 14710875 36965 33233 58040 53948 138465 320651 29564389 0.49760 0.49750 X 12678437 12678437 14581717 660900 13920817 17893923 17893923 44493177 SECURITY DEPOSITS 1963497 PURCHASE OPTION DEPOSITS 3880269 5843766 X 6998709 0 6998709 -49518 -49518 6949191 11983432 0 11983432 -49518 -49518 11933914 PART X, LINE 2: PCSD 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 PCSD'S CONTINUED QUALIFICATIONS 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES 0 EDNOVATE INC (USC HYBRID HIGH SCHOOL) 350 S FIGUEOROA ST LOS ANGELES CA 90071 454005918 2000000 EDUCATION EQUITAS ACADEMY CHARTER SCHOOL 1700 WEST PICO BLVD LOS ANGELES CA 90015 262439216 2000000 EDUCATION ENDEAVOR COLLEGE PREP 1263 S SOTO STREET LOS ANGELES CA 90023 262438136 2500000 EDUCATION SOAR ACADEMY 1301 EAST 34TH STREET TACOMA WA 98404 464081539 6706 EDUCATION 4 1 X X 0 0 0 0 0 0 0 0 0 JOHN SUN CHIEF EXECUTIVE OFFI 214067 0 38250 0 0 0 10105 0 19795 0 282217 0 0 0 SCARLET SY CHIEF FINANCIAL OFFI 143920 0 7500 0 0 0 4684 0 9193 0 165297 0 0 0 SCOTT THOMAS DIRECTOR OF FINANCE 125102 0 8820 0 0 0 5389 0 15811 0 155122 0 0 0 PATRICK A ONTIVEROS GENERAL COUNSEL 159231 0 0 0 0 0 6369 0 135 0 165735 0 0 0 JAMES HEUGAS SR. PROJECT MANAGER 141151 0 14175 0 0 0 6225 0 16061 0 177612 0 0 0 DARRYL EVANS PROJECT MANAGER, LOS ANGELES 124963 0 6250 0 0 0 0 0 21729 0 152942 0 0 0 JOE WILSON PROJECT DIRECTOR, LOS ANGELES 124122 0 8750 0 0 0 0 0 30518 0 163390 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER THERE IS A REASON TO BELIEVE THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD OF DIRECTORS REVIEWS THE ISSUE TO DETERMINE THE APPROPRIATE RESPONSE. IF A POTENTIAL CONFLICT OF INTEREST INVOLVES AN EMPLOYEE OTHER THAN THE PRESIDENT OR CEO, THE PRESIDENT AND CEO ARE RESPONSIBLE FOR REVIEWING THE MATTER, TAKING APPROPRIATE ACTION AND REPORTING THE MATTER TO THE BOARD CHAIR WITH THE RESULTS OF ANY ACTION TAKEN. IF A CONFLICT OF INTEREST ARISES BETWEEN PACIFIC CHARTER SCHOOL DEVELOPMENT AND AN INTERESTED PARTY, THE ORGANIZATION SHALL REFRAIN FROM ACTING UNTIL SUCH A TIME AS A PROPOSED ACTION, POLICY OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 PCSD'S TOP MANAGEMENT, KEY EMPLOYEES AND OTHER OFFICERS HAVE ANNUAL COMPENSATION REVIEWS WHICH ARE THEN FOLLOWED BY A WRITTEN SUMMARY PREPARED BY THEIR DIRECT SUPERVISORS AND SHARED WITH EACH EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 PCSD'S WEBSITE ALLOWS INTERESTED PARTIES TO CONTACT THE PRESIDENT & CEO FOR GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX RETURNS AND CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PCSD 3200 ADAMS LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 112 0 PCSD PCSD EAST 27TH STREET LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA -1088954 263462 PCSD PCSD 500 OREGON STREET LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 3728 13476164 PCSD PCSD 1633 WEST 11TH STREET LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 38866 96854 PCSD PCSD 4630 DOZIER AVENUE LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 944794 5050675 PCSD PCSD 1111 WEST MANCHESTER AVENUE LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 52167 1254166 PCSD PCSD 165TH & MENLO LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 5489 108876 PCSD PCSD 701 105TH AVENUE LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 0 9785089 PCSD PCSD 12700 AVALON LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 710629 9603901 PCSD PCSD 3640 1ST STREET LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 0 0 PCSD NATIONAL EDUCATION NEW MARKETS TAX CREDITS LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 901009646 PART VII DE PCSD PCSD PUT CALL LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 900806601 PART VII CA PCSD PCSD 9334 LEMONA AVENUE LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 3457 8001432 PCSD PCSD 1241 SOTO LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 44022 2680912 PCSD PCSD 3927-3947 VERMONT AVENUE LLC 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 200696786 PART VII CA 33947 51432 PCSD PACIFIC CHARTER FACILITIES HOLDING 600 WILSHIRE BLVD SUITE 200 LOS ANGELES CA 90017 371763937 SUPPORT ORGANIZATION CA 501(C)(3) LINE 12A, I N/A 0 WASHINGTON CHARTER SCHOOL DEVELOPMENT INC 107 SPRING STREET SEATTLE WA 98104 471346473 SUPPORT ORGANIZATION DE 501(C)(3) LINE 12A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 SCHEDULE R, PART I, COLUMN B - ADDITIONAL INFORMATION PRIMARY ACTIVITY FOR ALL DISREGARDED ENTITIES LISTED IS TO DEVELOP FACILITIES FOR CHARTER SCHOOLS.