2013-08-14T17:32:40-05:00 2012-12-31 952242818 VICENTI LLOYD & STUTZMAN LLP 2210 E ROUTE 66 SUITE 100 GLENDORA CA 91740 990 2012-01-01 200696786 PACIFIC CHARTER SCHOOL DEVELOPMENT PACI 2135424700 811 W 7TH STREET NO 310 LOS ANGELES CA 90017 SCOTT THOMAS 2135424700 2013-08-14 1 DERRICK DEBRUYNE P00591016 6268577300 2012 2016-02-24 21:20:13Z X SCOTT THOMAS 811 W 7TH STREET NO 310 LOS ANGELES CA 90017 20567815 0 X WWW.PACIFICCHARTER.ORG X 2004 CA TO SUPPORT AND FACILITATE THE DEVELOPMENT OF CHARTER SCHOOL FACILITIES. 7 6 9 0 0 0 860754 355510 5187644 3927458 1454223 1381763 8502 8692 7511123 5673423 0 0 0 0 1586830 1328590 0 0 89314 5246401 3232887 6833231 4561477 677892 1111946 58951301 57639268 46976106 44552127 11975195 13087141 X PACIFIC CHARTER SCHOOL DEVELOPMENT IS A NON-PROFIT REAL ESTATE DEVELOPMENT ORGANIZATION PROVIDING LOW-COST FACILITIES TO HIGH-QUALITY CHARTER SCHOOLS. 0 0 4002965 5294616 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 EIGHT YEARS OF SCHOOL OPENINGS, PCSD HAS CREATED 40 NEW SCHOOLS, SERVING 15,405 STUDENTS. AT EACH PCSD CAMPUS EXCEPT ONE, AT LEAST 75% OF THE STUDENTS AT EACH PCSD CAMPUS 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 WEINGART FOUNDATION. THESE ORGANIZATIONS HAVE BEEN ABLE TO SEED THE ACTIVITIES OF PCSD WITH LARGE ENOUGH SUPPORT TO JUMPSTART PCSD'S CAPITAL INTENSIVE BUSINESS MODEL. 4002965 1 1 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 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 26 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X APRIL CANG 2135424706 811 W 7TH STREET NO 310 LOS ANGELES CA 90017 REGGIE GILYARD 1.00 X 0 0 0 JULIE MIKUTA RESIGNED 8212 1.00 X 0 0 0 KEVIN HALL 1.00 X 0 0 0 K ROBERT TURNER 1.00 X 0 0 0 PAUL HABIBI EFFECTIVE 41112 1.00 X 0 0 0 ELI KENNEDY 40.00 X X 202800 0 6566 NADYA CHINOY DABBY 1.00 X 0 0 0 KENNETH ZEFF RESIGNED 8112 1.00 X 0 0 0 ERIC SUSSMAN EFFECTIVE 11112 1.00 X 0 0 0 JOHN SUN 40.00 X 171000 0 21976 SCOTT THOMAS 40.00 X 141400 0 12018 PATRICK A ONTIVEROS 40.00 X 130636 0 13515 MEGAN HADDEN 40.00 X 100020 0 18185 MARY KATE HIRSH 40.00 X 141300 0 5750 887156 0 78010 6 0 1 0 SHANGRI-LA CONSTRUCTION 36 DISCOVERY SUITE 240 IRVINE CA 92618 CONSTRUCTION 308777 MUSICK PEELER & GARRETT LLP ONE WILSHIRE BLVD SUITE 2000 LOS ANGELES CA 90017 LEGAL SERVICES 224551 BROADWAY CIVIC CENTER LP 205 SOUTH BROADWAY SUITE 510 LOS ANGELES CA 90012 RENT 151620 MICHAEL S WOODWARD 4600 MIRADOR PLACE TARZANA CA 91356 LEGAL SERVICES 148694 4 355510 355510 RENTAL & MGMT INCOME 531120 3620648 3620648 DEVELOPMENT FEES 531120 372330 372330 INV. LOSS-NOTES RECEIV 900099 -65520 -65520 3927458 14605 14605 16261550 14894392 1367158 1367158 1367158 MISCELLANEOUS 900099 8692 8692 8692 5673423 5294616 0 23297 965167 723875 193033 48259 185000 138750 37000 9250 36114 27086 7223 1805 62575 46931 12515 3129 79734 59800 15947 3987 51493 10299 41194 60800 45600 12160 3040 73694 48678 17813 7203 44011 34041 7684 2286 7713 5785 1542 386 207427 172451 27981 6995 42037 36196 4672 1169 6617 6617 1569394 1569394 901347 901347 105034 52517 52517 OTHER PROJECT EXPENSES 129325 129325 MISC. EXPENSES 22706 22706 MEALS & ENTERTAINMENT 8728 6982 1746 DUES AND MEMBERSHIPS 1375 1375 1186 890 237 59 4561477 4002965 469198 89314 14178386 4993071 222756 9326160 140000 490744 408187 6259691 7609607 37825 18895 38243547 3100199 37761899 35143348 0 58951301 57639268 1108671 1608285 24558565 19545233 21150000 23150000 158870 248609 46976106 44552127 X 11975195 12797094 290047 11975195 13087141 58951301 57639268 1111946 0 X 0 1 X 1 0 X 608050 860754 355510 1824314 608050 860754 355510 1824314 1145834 678480 72115 79403 28423 143927 14605 338473 31326 8502 8692 48520 2211307 20189008 0.30680 0.28140 X PACIFIC CHARTER SCHOOL DEVELOPMENT (PCSD) MEETS THE TEN-PERCENT-OF-SUPPORT REQUIREMENT FOR THE FOUR TAX YEARS IMMEDIATELY BEFORE THE CURRENT YEAR AND UNDER ALL THE FACTS AND CIRCUMSTANCES, NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM DIRECT OR INDIRECT CONTRIBUTIONS FROM THE GENERAL PUBLIC. THE ORGANIZATION IS ALSO IN THE NATURE OF A PUBLICLY SUPPORTED ORGANIZATION. IT HAS A GOVERNING BODY THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, CONSISTING OF PERSONS HAVING SPECIAL KNOWLEDGE OR EXPERTISE IN THE PARTICULAR FIELD OR DISCIPLINE IN WHICH THE ORGANIZATION IS OPERATING. ADDITIONALLY, IT PROVIDES FACILITIES OR SERVICES DIRECTLY FOR THE BENEFIT OF THE CHARTER SCHOOLS AND THE GENERAL PUBLIC ON A CONTINUING BASIS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9581370 9581370 25583730 3100199 22483531 3078447 3078447 35143348 SECURITY DEPOSITS 248609 248609 X 5673423 0 5673423 0 5673423 4561477 0 4561477 0 4561477 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 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 DISCLOSURE FOR UNCERTAIN TAX POSITIONS ARE REQUIRED. 1 X X 0 0 0 0 0 0 0 0 0 ELI KENNEDY 202800 0 0 0 0 0 6468 0 98 0 209366 0 0 0 JOHN SUN 171000 0 0 0 0 0 4533 0 17443 0 192976 0 0 0 SCOTT THOMAS 141400 0 0 0 0 0 5656 0 6362 0 153418 0 0 0 JAMES WILLCOX PCSD FORMER BOARD MEMBER AND CEO OF ASPIRE PUBLIC SCHOOLS 2800765 PROMISSORY NOTE 0 FORM 990, PART VI, SECTION B, LINE 11 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 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 THE CEO AND SHARED WITH EACH EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 18 PCSD'S FORM 990 TAX RETURNS ARE AVAILABLE UPON REQUEST. 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. 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