KLARE HOLDINGS: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: KLARE HOLDINGS (EIN 26-3878865)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2018-03-28
IRS object ID: 201820879349300522
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule K
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-03-28T12:30:09-05:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2210 EAST ROUTE 66	AddressLine1Txt
City	GLENDORA	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91740	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	263878865	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KLARE HOLDINGS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KLAR	BusinessNameControlTxt
Phone	2134894461	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3601 E FIRST STREET	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90063	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	NOLAN HIGHBAUGH	PersonNm
Person Title	CHAIR	PersonTitleTxt
Phone	2134894461	PhoneNum
Signature	2018-03-21	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DERRICK DEBRUYNE CPA	PreparerPersonNm
PTIN	P00591016	PTIN
Phone	6268577300	PhoneNum
Preparation	2018-03-21	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	67.137.57.251	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-03-21	IPDt
IP Tm	10:30:42	IPTm
IP Timezone	PD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	FE681536BB282677551256C729262022EF538507	AtSubmissionCreationDeviceId
At Submission Filing Device Id	CA1C647D5A95E047B5533E5370755C4FD38F8996	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	NOLAN HIGHBAUGH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3601 E FIRST STREET	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90063	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,894,243	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2008	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS.	ActivityOrMissionDesc
Voting Members Governing Body	3	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$311,779	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$157,662	PYInvestmentIncomeAmt
CY Investment Income	$214,855	CYInvestmentIncomeAmt
PY Other Revenue	$4,735,236	PYOtherRevenueAmt
CY Other Revenue	$5,367,609	CYOtherRevenueAmt
PY Total Revenue	$4,892,898	PYTotalRevenueAmt
CY Total Revenue	$5,894,243	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$5,126,598	PYOtherExpensesAmt
CY Other Expenses	$4,307,098	CYOtherExpensesAmt
PY Total Expenses	$5,126,598	PYTotalExpensesAmt
CY Total Expenses	$4,307,098	CYTotalExpensesAmt
PY Revenues Less Expenses	-$233,700	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,587,145	CYRevenuesLessExpensesAmt
Total Assets BOY	$63,537,925	TotalAssetsBOYAmt
Total Assets EOY	$72,936,198	TotalAssetsEOYAmt
Total Liabilities BOY	$67,719,353	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$75,597,353	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$4,181,428	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$2,661,155	NetAssetsOrFundBalancesEOYAmt
Mission	TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$4,188,204	ExpenseAmt
Revenue	$5,367,609	RevenueAmt
Desc	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.	Desc
Total Program Service Expenses	$4,188,204	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	13	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	3	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KYLE SALYER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2134894461	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3601 E FIRST STREET	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90063	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
NOLAN HIGHBAUGH
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
JEFF STRNAD
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
JASON WILLIAMS
SECRETARY	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
DEL AMO CONSTRUCTION INC
23840 MADISON STREET	TORRANCE	CA	90505	CONSTRUCTION CONTRACTOR	$6,132,268
SILVER CREEK INDUSTRIES INC
2830 BARRETT AVE	PERRIS	CA	92571	CONSTRUCTION CONTRACTOR	$4,380,118
PACIFIC CHARTER SCHOOL DEVELOPMENT
600 WILSHIRE BLVD SUITE 200	LOS ANGELES	CA	90017	CONSTRUCTION MANAGEMENT SVC	$520,044
FRANCO ARCHITECTS INC
12345 VENTURA BLVD STE H	STUDIO CITY	CA	91604	ARCHITECTURAL SERVICES	$375,054
BERLINER ARCHITECTS
5976 WASHINGTON BLVD	CULVER CITY	CA	90232	ARCHITECTURAL SERVICES	$352,909

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$311,779	AllOtherContributionsAmt
Total Contributions	$311,779	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$214,855	TotalRevenueColumnAmt
Exclusion	$214,855	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$5,312,471	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$5,312,471	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,312,471	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,312,471	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISC. REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$55,138	TotalRevenueColumnAmt
Related Or Exempt Func Income	$55,138	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$55,138	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,894,243	TotalRevenueColumnAmt
Related Or Exempt Func Income	$5,367,609	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$214,855	ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$3,944	TotalAmt
Management And General	$3,944	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$13,770	TotalAmt
Management And General	$13,770	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,761	TotalAmt
Management And General	$4,761	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$31	TotalAmt
Management And General	$31	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,195,158	TotalAmt
Program Services	$1,195,158	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,713,186	TotalAmt
Program Services	$1,713,186	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,279,860	TotalAmt
Program Services	$1,279,860	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$52,239	TotalAmt
Management And General	$52,239	ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$44,149	TotalAmt
Management And General	$44,149	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,307,098	TotalAmt
Program Services	$4,188,204	ProgramServicesAmt
Management And General	$118,894	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$21,940,621	BOYAmt
EOY	$10,944,541	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$138,034	BOYAmt
EOY	$258,628	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$56,534	BOYAmt
EOY	$222,527	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$59,863,749	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$4,877,073	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$33,350,126	BOYAmt
EOY	$54,986,676	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$3,662,999	BOYAmt
EOY	$3,596,127	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,545,544	BOYAmt
EOY	$2,545,544	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,844,067	BOYAmt
EOY	$382,155	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$63,537,925	BOYAmt
EOY	$72,936,198	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,261,774	BOYAmt
EOY	$4,825,790	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$55,740,000	BOYAmt
EOY	$55,625,422	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$5,422,199	BOYAmt
EOY	$3,296,198	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,295,380	BOYAmt
EOY	$11,849,943	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$67,719,353	BOYAmt
EOY	$75,597,353	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$4,181,428	BOYAmt
EOY	-$2,661,155	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$4,181,428	BOYAmt
EOY	-$2,661,155	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$63,537,925	BOYAmt
EOY	$72,936,198	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,587,145	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$66,872	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consol And Sep Basis Fincl Stmt	Yes (X)	ConsolAndSepBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type1	Yes (X)	SupportingOrgType1Ind
Supported Organizations	1	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	KIPP LA SCHOOLS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
EIN	261607268	EIN
Organization Type	2	OrganizationTypeCd
Governing Document Listed	Yes (1)	GoverningDocumentListedInd
Support	$0	SupportAmt
Other Support	$0	OtherSupportAmt

Field	Value	IRS element (for citing)
Supported Organizations Total	1	SupportedOrganizationsTotalCnt
Support Sum	$0	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	0	ExcessBusinessHoldingsRulesInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

Field	Value	IRS element (for citing)
Power Appoint Majority Dir Trst	Yes (1)	PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org	0	OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,454,342	OtherCostOrOtherBasisAmt
Book Value	$11,454,342	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,939,666	OtherCostOrOtherBasisAmt
Depreciation	$1,480,554	DepreciationAmt
Book Value	$17,459,112	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,747,301	OtherCostOrOtherBasisAmt
Depreciation	$3,138,446	DepreciationAmt
Book Value	$4,608,855	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$586,645	OtherCostOrOtherBasisAmt
Depreciation	$258,073	DepreciationAmt
Book Value	$328,572	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$21,135,795	OtherCostOrOtherBasisAmt
Book Value	$21,135,795	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$54,986,676	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
DUE TO KIPP LA SCHOOLS	$11,333,943
GRANT FUND RESERVE PAYABLE	$516,000

Field	Value	IRS element (for citing)
Total Liability	$11,849,943	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$5,827,371	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$66,872	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$66,872	RevenueNotReportedAmt
Revenue Subtotal	$5,894,243	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$5,894,243	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$4,307,098	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$4,307,098	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$4,307,098	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
CA SCHOOL FINANCE AUTH
A	680280917	13059TAR0	2014-06-25	$28,320,000	FACILITY ACQUISITION & REFINANCING	0	0	0
CA SCHOOL FINANCE AUTH
B	680280917	13059TBZ1	2015-09-17	$27,420,000	FACILITY ACQUISITION & REFINANCING	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Advance RefundingAdvanceRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$28,407,269	$1,378,097	$945,189	$905,808	$24,407,502	$770,673	2016	0	0	0	Yes (1)
B	$28,593,456	$1,805,228	$934,332	$881,064	$19,561,335	$5,411,497	2017	0	0	0	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	0	0	0	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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.
FORM 990, PART XII, LINE 2C:	THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (11 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
KLA 2810 WHITTIER LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$267,800	$1,601,011	KLARE HOLDINGS
668 ATLANTIC LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	271986316	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$611,402	$3,292,053	KLARE HOLDINGS
SOLA SCHOOL 1 LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$85,010	$6,766,645	KLARE HOLDINGS
CHAMED LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$364,276	$16,025,824	KLARE HOLDINGS
BUDNON LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$915	$11,696,485	KLARE HOLDINGS
SOLA 2 LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA	$1,716	$8,719,294	KLARE HOLDINGS
BH SOTO LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA		$3,601,316	KLARE HOLDINGS
SELA LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA		$659,220	KLARE HOLDINGS
WEST 51 LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA		$416,759	KLARE HOLDINGS
CURIOSITY RE LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	TO MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP LA SCHOOLS	CA		$4,743,814	KLARE HOLDINGS
GRATITUDE RE LLC
3601 E FIRST STREET	LOS ANGELES	CA	90063	263878865	SEE PART VII	CA		$500	KLARE HOLDINGS

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	KIPP LA SCHOOLS	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3601 E FIRST STREET	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90063	ZIPCd

Field	Value	IRS element (for citing)
EIN	261607268	EIN
Primary Activities	CHARTER SCHOOLS	PrimaryActivitiesTxt
Legal Domicile State	CA	LegalDomicileStateCd
Exempt Code Section	501(C)(3)	ExemptCodeSectionTxt
Public Charity Status	LINE 2	PublicCharityStatusTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (1)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (1)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	Yes (1)	AssetExchangeInd
Rental Of Facilities To Oth Org	Yes (1)	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	Yes (1)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
KIPP LA SCHOOLS
J	$5,312,471	ACTUAL AMOUNT
KIPP LA SCHOOLS
P	$311,878	ACTUAL AMOUNT
KIPP LA SCHOOLS
S	$5,333,941	ACTUAL AMOUNT
KIPP LA SCHOOLS
C	$311,779	ACTUAL AMOUNT
KIPP LA SCHOOLS
E	$6,000,000	ACTUAL AMOUNT