2013-07-03T11:50:15-05:00 2012-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2012-01-01 261521682 CHARTER SCHOOL FINANCING PARTNERSHIP LLC CHAR 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 REBECCA REGAN 6177201999 2013-07-03 1 THOMAS WASHBURN CPA P00537319 5083669100 2013-07-03 2012 2016-02-24 21:20:13Z X REBECCA REGAN 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 8985515 0 X N/A X 2007 MA CHARTER SCHOOL FINANCING PARTNERSHIP, LLC (CSFP) IS ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF ITS MEMBERS, INCLUDING ADVANCING EDUCATION AND LESSENING THE BURDENS OF GOVERNMENT, BY FACILITATING, ENCOURAGING AND ASSISTING IN THE FINANCING OF CHARTER SCHOOLS AND ALL EDUCATIONAL ACTIVITIES RELATED THERETO. SIX HP NETWORK MEMBERS THAT ARE CDFI'S, JOINED TOGETHER TO CREATE CSFP - A GROUNDBREAKING VEHICLE TO ACCESS SECONDARY MARKET FINANCING FOR CHARTER SCHOOLS THAT SERVE DISADVANTAGED STUDENTS AND COMMUNITIES. 6 6 0 0 0 0 3000000 8196838 171800 787236 25546 1441 0 0 3197346 8985515 0 137000 0 0 0 0 0 0 0 250065 383951 250065 520951 2947281 8464564 18694870 18868967 14938805 6648338 3756065 12220629 X CSFP IS ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF ITS MEMBERS, INCLUDING ADVANCING EDUCATION AND LESSENING THE BURDENS OF GOVERNMENT, BY FACILITATING, ENCOURAGING AND ASSISTING IN THE FINANCING OF CHARTER SCHOOLS AND ALL EDUCATIONAL ACTIVITIES RELATED THERETO. SIX HP NETWORK MEMBERS THAT ARE CDFI'S, JOINED TOGETHER TO CREATE CSFP - A GROUNDBREAKING VEHICLE TO ACCESS SECONDARY MARKET FINANCING FOR CHARTER SCHOOLS THAT SERVE DISADVANTAGED STUDENTS AND COMMUNITIES. 0 0 465559 137000 787236 CSFP PROVIDES CREDIT ENHANCEMENT FOR CHARTER SCHOOL FACILITIES THROUGHOUT THE COUNTRY BY PROVIDING INTEREST FREE DEBT SERVICE RESERVE FUNDING, LOANS, CREDIT ENHANCEMENT AGREEMENTS, AND LOAN GUARANTEES BY USING A COMBINATION OF GRANT FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION AND PROCEEDS OF A PROGRAM RELATED INVESTMENT FROM THE WALTON FAMILY FOUNDATION. 465559 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X THE HOUSING PARTNERSHIP NETWORK INC 6177201999 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02108 X THOMAS A BLEDSOE 0.50 X X 0 0 0 KIM LATIMER-NELLIGAN 0.50 X X 0 0 0 SARA VERNON STERMAN 0.50 X 0 0 0 MARK VAN BRUNT 0.50 X 0 0 0 SCOTT YOUNG 0.50 X X 0 0 0 SCOTT SPORTE 0.50 X 0 0 0 REBECCA REGAN 0.80 X 0 0 0 0 0 0 0 0 0 1 HOUSING PARTNERSHIP NETWORK INC 1 WASHINGTON MALL 12TH FLOOR BOSTON MA 02109 MANAGEMENT AGENT 180456 PERKINS COIE 1201 THIRD AVENUE 40TH FLOOR SEATTLE WA 98101 LEGAL SERVICES 114091 2 8196838 8196838 PLACEMENT AND SERVICE 900099 787236 787236 787236 1441 1441 8985515 787236 0 1441 137000 137000 180456 145581 34875 114383 114383 20517 20517 25675 25675 3285 3285 37523 37523 MISC 2112 2112 520951 465559 55392 0 165857 76979 1010 451015 7800 30081 18100 23907 18502103 18286985 18694870 18868967 79576 122137 3657500 3500000 11201729 3026201 14938805 6648338 X -44309 459845 3800374 11760784 3756065 12220629 18694870 18868967 8464564 0 X X 0 1 X 1 0 X 3000000 8196838 11196838 3000000 8196838 11196838 11196838 25546 1441 26987 11223825 959036 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CREDIT ENHANCEMENT 10516057 C LOANS RECEIVABLE 2935375 C LENDING RESERVES 564625 C GRANT RESERVE 3026202 C DEBT SERVICE RESERVES 1244726 C 18286985 CONDITIONAL ADVANCE LIABILITY 3026201 3026201 X 8985515 0 8985515 0 8985515 520951 0 520951 0 520951 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: CSFP FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH REQUIRED CSFP TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2012, CSFP DETERMINED THAT THEY HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. CFSP FILES INFORMATION RETURNS IN THE UNITED STATES (FEDERAL) AND MASSACHUSETTS (STATE) JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. 1 HMONG COLLEGE PREPARATORY ACADEMY 1515 BREWSTER STREET ST PAUL MN 55108 651180277 501 (C) 3 25000 THE PURPOSE OF THE GRANT IS TO HELP PAY CERTAIN COSTS RELATED TO THE CREDIT ENHANCEMENT AGREEMENT. BRIGHTER CHOICE CHARTER MIDDLE SCHOOL FOR GIRLS 116 NORTH LAKE AVENUE ALBANY NY 12206 271663488 501 (C) 3 56000 THE PURPOSE OF THE GRANT IS TO HELP PAY CERTAIN COSTS RELATED TO THE CREDIT ENHANCEMENT AGREEMENT. BRIGHTER CHOICE CHARTER MIDDLE SCHOOL FOR BOYS 116 NORTH LAKE AVENUE ALBANY NY 12206 271663553 501 (C) 3 56000 THE PURPOSE OF THE GRANT IS TO HELP PAY CERTAIN COSTS RELATED TO THE CREDIT ENHANCEMENT AGREEMENT. 3 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PER THE GRANT AGREEMENTS, CSFP CAN EXAMINE THE BOOKS OF THE GRANTEE AT ANY TIME. X X X 0 0 0 0 0 0 0 0 0 SUPPLEMENTAL INFORMATION PART III THOMAS BLEDSOE AND REBECCA REGAN WERE COMPENSATED BY HOUSING PARTNERSHIP NETWORK, INC., AN UNRELATED NONPROFIT MANAGEMENT AGENT. THOMAS BLEDSOE RECEIVED $352,487 IN SALARY AND $37,288 IN BENEFITS. REBECCA REGAN RECEIVED $237,211 IN SALARY AND $18,264 IN BENEFITS. FORM 990, PART VI, SECTION A, LINE 3 CSFP UTILIZES HOUSING PARTNERSHIP NETWORK AS A MANAGEMENT AGENCY, WHO PROVIDES THE DAY TO DAY OPERATING SUPPORT AND RECORD KEEPING. FORM 990, PART VI, SECTION A, LINE 6 CSFP HAS SIX MEMBERS. MEMBERS MAY SERVE ON THE BOARD OF MANAGERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS SUBMITTED TO THE BOARD OF MANAGERS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST DISCLOSURE IS USED AND IF ANY ISSUES ARISE THE BOARD IS NOTIFIED. IF ISSUES ARISE, THE BOARD MEMBER INVOLVED WILL RECUSE THEMSELVES FROM THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 BY MEANS OF THE INTERNET AND UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF MANAGERS ACCUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS' FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.