2017-08-09T12:30:51-05:00 2016-09-30 581763439 WINDHAM BRANNON PC 3630 PEACHTREE RD NE SUITE 600 ATLANTA GA 30326 990 2015-10-01 660652247 GUAM EDUCATION FINANCING FOUNDATION INC GUAM 4045042772 138 ARCHBISHOP FLORES ST PDB 1008 HAGATNA GU 96910 RICHARD B INMAN JR CHAIRMAN 4045042772 2017-08-04 1 CARLYE W DOOLEY P00292964 4048982000 2017-08-03 2015 2021-01-29 14:40:06Z RICHARD B INMAN JR 138 ARCHBISHOP FLORES ST PDB 1008 HAGATNA GU 96910 7160663 0 X N/A X 2004 GU TO HOLD TITLE TO, LEASE AND MAINTAIN SCHOOLS FOR GUAM GOVERNMENT. 3 2 0 0 0 0 0 0 7100000 7100000 833 11459 0 49204 7100833 7160663 0 0 0 0 121000 87750 0 0 0 8115106 8878792 8236106 8966542 -1135273 -1805879 59698346 49156660 51934257 43198449 7764089 5958211 X OPERATE BY HOLDING TITLE TO SCHOOLS TO BE CONSTRUCTED FOR THE BENEFIT OF AND LEASED TO THE GOVERNMENT OF GUAM. 0 0 8716236 7100000 DEVELOP AND MAINTAIN LIGUAN ELEMENTARY SCHOOL, ASTUMBO MIDDLE SCHOOL, OKKODO HIGH SCHOOL AND ADACAO ELEMENTARY SCHOOL. 49204 OTHER PROGRAM REVENUE 49204 8716236 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 7 0 1 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 GU X SHERRY COSTO 4045042773 3060 PEACHTREE ROAD SUITE 1700 ATLANTA GA 30305 X RICHARD B INMAN JR TREASURER 3.00 17.00 X X 0 0 0 JOHN R HAND PRESIDENT 3.00 17.00 X X 0 0 0 JAMES R WILSON VICE PRESIDENT 3.00 17.00 X X 0 0 0 MICHAEL C DOYLE DIRECTOR 3.00 X 0 0 0 PHIL FLORES DIRECTOR 3.00 1.00 X 0 0 0 MICHAEL J ALVAREZ SECRETARY 3.00 5.00 X 0 0 0 0 0 0 0 0 0 0 GLOBAL FOOD SERVICES LLC PO BOX L HAGATNA GU 96932 MAINTENANCE & CUSTODIAL SERVICES 528386 1 LEASE INCOME 532000 7100000 7100000 7100000 11459 11459 ADMINISTRATIVE REVENUE 525990 49204 49204 49204 7160663 7149204 0 11459 87750 87750 117611 117611 14557 14557 14150 14150 424 424 8314 8314 2073533 2073533 4598928 4598928 195827 195827 LOSS ON BOND REFINANCE 1252392 1252392 MAINTENANCE AND CUSTODI 593192 593192 TRUSTEE FEES 7500 7500 VANDALISM CLEANUP 2364 2364 8966542 8716236 250306 0 383 26708 9865393 3793458 17399 17824 87398112 42917616 48541937 44480496 1273234 838174 59698346 49156660 1267703 331319 49668312 42015746 998242 851384 51934257 43198449 X -1020030 -849177 8784119 6807388 7764089 5958211 59698346 49156660 X -1805879 1 X 0 1 X 1 0 71058339 31818785 39239554 9016416 3775474 5240942 1072449 1072449 0 6250908 6250908 0 44480496 DUE TO RELATED PARTIES 851384 851384 X 7160663 0 7160663 0 7160663 8966542 0 8966542 0 8966542 PART X, LINE 2: THE FOUNDATION IS A TAX EXEMPT ORGANIZATION UNDER SECTION 26203(C) CHAPTER TITLE 11, G.C.A. OF THE BUSINESS PRIVILEGE TAX LAW AND SECTION 501(C)(4) OF THE GUAM TERRITORIAL INCOME TAX LAW. MANAGEMENT OF THE FOUNDATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE FOUNDATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE FOUNDATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. A GUAM PUBLIC SCHOOL SYSTEM - GOVERNMENT OF GUAM 980018947 40064UAT9 2016-08-04 28517258 NEW SCHOOL CONSTRUCTION 0 0 0 B GUAM PUBLIC SCHOOL SYSTEM - GOVERNMENT OF GUAM 980018947 40064UBA0 2016-08-04 13577608 NEW SCHOOL CONSTRUCTION 0 0 0 A 30045000 2670000 28517258 586081 27350793 580385 1 0 1 1 B 12905000 13577608 279044 13022232 276332 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL LLC THE ENTITY IS OWNED INDIRECTLY BY OFFICERS/DIRECTORS OF THE ORGANIZATION. 21000 CONSTRUCTION AND DEVELOPMENT SERVICES 0 IRONWOOD VII LLC THE ENTITY IS OWNED BY RICHARD INMAN, AN OFFICER OF THE COMPANY. 50784 GUAM EDUCATION FINANCING FOUNDATION SHARES OFFICE SPACE, OFFICE SUPPLIES, AND ADMINISTRATIVE PERSONNEL WITH IRONWOOD VII. PAYMENT TO IRONWOOD VII FOR THIS USE IS MADE BY IBDI2, A RELATED PARTY. 0 FORM 990, PART VI, SECTION A, LINE 2 RICHARD INMAN AND JOHN HAND ARE PARTNERS IN IRON BRIDGE CAPITAL PARTNERS INTERNATIONAL WHICH OWNS 66.66% OF IRON BRIDGE DEVELOPMENT INTERNATIONAL II, LLC. THE OTHER 33.33% OF IRON BRIDGE DEVELOPMENT INTERNATIONAL, LLC IS OWNED BY K-12 CAPITAL PARTNERS, LLC WHICH IS OWNED BY JAMES WILSON. RICHARD, JOHN, AND JAMES ARE ALL OFFICERS AND DIRECTORS OF GUAM EDUCATION FINANCING FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS E-MAILED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION A, LINE 9 CONTACT FOR THE DIRECTOR WHO CANNOT BE REACHED AT ORGANIZATION'S MAILING ADDRESS: PHIL FLORES 151 ASPINAL AVE. HAGATNA, GUAM 96910 FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. THE BOARD REVIEWS ANY DISCLOSURES AT BOARD MEETINGS TO DETERMINE IF ANY FURTHER ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS COMPARED TO OTHER 990S AND BOARD FEES, APPROVED BY THE BOARD OF DIRECTORS, AND DELIBERATION IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GUAM EDUCATION FINANCING FOUNDATION, INC WILL MAKE THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 1. GUAM EDUCATION FINANCING FOUNDATION II INC 3060 PEACHTREE RD NW STE 1700 ATLANTA GA 30305 660759771 TO CONSTRUCT AND HOLD TITLE TO SCHOOLS FOR GUAM GOVERNMENT. GU 501(C)(4) 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL LLC 3060 PEACHTREE ROAD SUITE 1700 ATLANTA GA 30305 204321074 ADMINSTRATION GA N/A 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL LLC M 21000 CONTRACT IRON BRIDGE DEVELOPMENT INTERNATIONAL LLC E 71000 LOAN BALANCE IRON BRIDGE DEVELOPMENT INTERNATIONAL II LLC E 50784 LOAN BALANCE