2024-05-13T15:50:11-05:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 3025 NORTH WOOSTER AVENUE DOVER OH 44622 990 2023-01-01 883365877 MESA COUNTY CENTER OF EDUCATION INC MESA 544 ROOD AVENUE 2ND FLOOR ANNEX GRAND JUNCTION CO 81501 JANET ROWLAND PRESIDENT 2024-05-13 1 JANET ROWLAND 999009999 0 FRANK BUSS II P00441804 3303655400 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JANET ROWLAND 544 ROOD AVENUE 2ND FLOOR ANNEX GRAND JUNCTION CO 81501 5166 0 X X 2022 CO MESA COUNTY CENTER OF EDUCATION, INC., A COLORADO NONPROFIT CORPORATION (THE ORGANIZATION''), WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE ''CODE'') AND ACCOMPANYING REGULATIONS. SPECIFICALLY, THE ORGANIZATION'S ACTIVITIES WILL: (I) LESSEN THE BURDENS OF GOVERNMENT OF MESA COUNTY, COLORADO (THE "COUNTY"); (II) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN ADVANCING EDUCATION; (III) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN PROVIDING RELIEF TO THE POOR AND DISTRESSED OR UNDERPRIVILEGED; AND (IV) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN PROMOTING SOCIAL WELFARE BY COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY. 3 0 0 0 0 0 1044430 0 0 0 1067 5166 -1021 -6126 1044476 -960 0 0 0 0 0 0 0 0 0 0 0 0 0 1044476 -960 25875387 28617686 24830911 27574170 1044476 1043516 X MESA COUNTY CENTER OF EDUCATION, INC., A COLORADO NONPROFIT CORPORATION (THE ORGANIZATION''), WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE ''CODE'') AND ACCOMPANYING REGULATIONS. SPECIFICALLY, THE ORGANIZATION'S ACTIVITIES WILL: (I) LESSEN THE BURDENS OF GOVERNMENT OF MESA COUNTY, COLORADO (THE "COUNTY"); (II) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN ADVANCING EDUCATION; (III) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN PROVIDING RELIEF TO THE POOR AND DISTRESSED OR UNDERPRIVILEGED; AND (IV) CONSTRUCT A FACILITY THAT WILL ASSIST THE COUNTY IN PROMOTING SOCIAL WELFARE BY COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY. 0 0 6126 ALL EXPENSES OUTSIDE OF RENT EXPENSE WERE CAPITALIZED TO THE BUILDING UNDER CONSTRUCTION. 6126 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CO X ALEC ANDERSON 9702564179 544 ROOD AVENUE GRAND JUNCTION CO 81501 X DAN RUBINSTEIN PRESIDENT 1.00 5.00 X 0 0 0 XAVIER CROCKETT VICE PRESIDENT 1.00 5.00 X 0 0 0 TODD HOLLENBECK TREASURER 1.00 5.00 X 0 0 0 0 0 0 0 0 0 0 FCI CONSTRUCTORS INC 3070 I-70 B BLDG A GRAND JUNCTION CO 81504 CONSTRUCTION 9169689 RDG PLANNING & DESIGN 1302 HOWARD ST OMAHA NE 68102 PROFESSIONAL FEES 447657 0 5166 5166 6126 -6126 -6126 -6126 -960 -6126 0 5166 0 0 0 0 23170353 11028885 605464 599338 16989463 0 2099570 16989463 25875387 28617686 898757 3605044 23932154 23969126 24830911 27574170 X 1044476 1043516 1044476 1043516 25875387 28617686 -960 0 X 0 1 X 1 0 X 1044430 0 1044430 1044430 1044430 1044430 1044430 X 510460 510460 16479003 16479003 16989463 X 5166 0 5166 -6126 -6126 -960 6126 6126 6126 0 0 0 PART X, LINE 2: THE ORGANIZATION WILL OBTAIN FUNDING FOR CONSTRUCTION OF THE PROJECT BY OBTAINING LOW-INTEREST LOANS IN THE FORM OF ''QUALIFIED LOW-INCOME COMMUNITY INVESTMENTS'' BY USING THE FEDERAL NEW MARKET TAX CREDITS PROGRAM (THE ''NMTC PROGRAM''). THE NMTC PROGRAM IS A FEDERAL ECONOMIC INCENTIVE TO ENCOURAGE INVESTMENT IN LOW-INCOME COMMUNITIES. THE FUNDS OBTAINED BY THE ORGANIZATION THROUGH THE NMTC PROGRAM WILL BE USED TO DEVELOP AND CONSTRUCT THE PROJECT. THE ORGANIZATION WILL SATISFY THE REQUIREMENTS OF A ''QUALIFIED ACTIVE LOW INCOME BUSINESS'' (ALSO KNOWN AS A "QALICB") UNDER THE NMTC PROGRAM. THE NMTC PROGRAM IS NOT AVAILABLE DIRECTLY TO GOVERNMENTAL SUBDIVISIONS, BUT IT IS AVAILABLE TO THE ORGANIZATION IF THE ORGANIZATION SATISFIES THE APPLICABLE REQUIREMENTS UNDER SECTION 45D OF THE INTERNAL REVENUE CODE (THE "CODE") AS A QALICB. IT IS ANTICIPATED THAT THE FINANCING SUBSIDY PROVIDED BY THE NMTC PROGRAM WILL LOWER DEVELOPMENT COSTS OF THE PROJECT SIGNIFICANTLY--BY AS MUCH AS $4.5 MILLION. THE AVAILABILITY OF THIS PRIVATE FINANCING SOURCE WILL LESS THE COUNTY'S FINANCIAL BURDENS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE FORM 990, PART VI, SECTION A, LINE 3 THE PROJECT WILL LESSEN THE BURDENS OF THE COUNTY IN FURTHERANCE OF CHARITABLE PURPOSES BECAUSE THE COUNTY CONSIDERS THE DEVELOPMENT OF THE PROJECT TO BE ITS BURDEN AND THE ACTIVITIES OF THE ORGANIZATION WILL ACTUALLY LESSEN SUCH GOVERNMENTAL BURDEN (SEE REV. RUL. 85-1, 85-2). THE COUNTY HAS OBJECTIVELY MANIFESTED THAT IT CONSIDERS THE DEVELOPMENT OF THE PROJECT TO BE ITS BURDEN. WERE IT NOT FOR THE ORGANIZATION, THE COUNTY WOULD UNDERTAKE DEVELOPMENT OF THE PROJECT ITSELF. PRIOR TO THE ORGANIZATION'S FORMATION AND THE DEVELOPMENT OF THE PROJECT, THE COUNTY WAS ALREADY ENGAGING IN PRELIMINARY ACTIVITIES TO FACILITATE CONSTRUCTION OF THE PROJECT. THE ORGANIZATION'S ACTIVITIES ARE PART OF A LARGER GOVERNMENTAL PROGRAM TO PROMOTE EARLY CHILDHOOD EDUCATION AND COMMUNITY ACTIVITIES. A CLEAR INTERRELATIONSHIP EXISTS BETWEEN THE EARLY CHILDHOOD EDUCATION AND COMMUNITY ACTIVITIES OF THE COUNTY AND THE ORGANIZATION, WHICH WILL BE DOCUMENTED IN VARIOUS AGREEMENTS BETWEEN THE COUNTY AND THE ORGANIZATION. THE ORGANIZATION'S FACILITATION OF THE PROJECT WILL RELIEVE THE COUNTY OF THE BURDEN OF FINANCING THE FULL BURDEN OF CONSTRUCTION COSTS BY UTILIZING THE NMTC PROGRAM (DISCUSSED BELOW). (SEE REV. RUL. 85-1). IN CONDUCTING THE PROJECT, THE ORGANIZATION IS ACTING TO MATERIALLY ASSIST THE COUNTY, AND IS ALLOWING COUNTY RESOURCES THAT WOULD OTHERWISE BE DEVOTED TO THE PROJECT TO BE REALLOCATED ELSEWHERE. FURTHER, THE ORGANIZATION'S ACTIVITIES WILL ASSIST THE COUNTY IN ADVANCING EDUCATION, PROVIDING RELIEF TO THE POOR AND DISTRESSED OR UNDERPRIVILEGED, AND COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY BY FACILITATING THE FUNDING AND CONSTRUCTION OF THE PROJECT. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE 990 WILL BE PRESENTED TO THE BOARD FOR REVIEW FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REQUIRES BOARD MEMBERS TO REVIEW CONFLICT OF INTEREST POLICY DISTRIBUTED IN THEIR BOARD PACKETS. THE ORGANIZATION ALSO REQUIRES EACH BOARD MEMBER TO SIGN CONFLICT OF INTEREST AFFIRMATION. ANY POTENTIAL CONFLICT IDENTIFIED IS BROUGHT TO THE ATTENTION OF THE BOARD CHAIR FOR IMMEDIATE DISCUSSION AND RESOLUTION. FORM 990, PART VI, SECTION C, LINE 19 THE POLICIES, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH COLORADO OPEN RECORDS REQUEST. MESA COUNTY 544 ROOD AVE GRAND JUNCTION CO 81501 883365877 EARLY CHILDHOOD EDUCATION AND COMMUNITY CENTER CO LINE 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 MESA COUNTY COLORADO K 606485 GROUND LEASE AGREEMENT MESA COUNTY COLORADO S 9600 INVOICES