2024-03-04T08:26:40-06:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 954038658 LOS ANGELES COUNTY SCHOOLS REGIONAL BUSINESS SERVICES LOSA 5629226419 9300 EAST IMPERIAL HIGHWAY DOWNEY CA 90242 JEFF YOUNG EXECUTIVE OFFICER 5629226419 2024-02-26 1 JEFF YOUNG 999009999 0 CASIE ZWAHLEN P02291311 6268577300 2024-02-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF YOUNG 9300 EAST IMPERIAL HIGHWAY DOWNEY CA 90242 5826287 0 X N/A X 1985 CA TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING. 5 5 0 5 0 0 0 0 0 0 6235442 5826287 0 0 6235442 5826287 0 0 0 0 0 0 0 0 0 3458945 4797352 3458945 4797352 2776497 1028935 220744015 205869854 230183046 214279950 -9439031 -8410096 X TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BONDS. TO PROVIDE SERVICES NECESSARY AND APPOPRIATE FOR THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF REGIONALIZED BUSINESS SERVICES AND PROGRAMS FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND THE LOS ANGELES COUNTY OFFICE OF EDUCATION. 0 0 4797352 THE PURPOSE OF THE CORPORATION IS TO ADMINISTER THE ISSUANCE AND REPAYMENT OF BONDS ON BEHALF OF MEMBER PUBLIC SCHOOL DISTRICTS FOR ACQUISITION OF EQUIPMENT AND BUILDINGS CONSTRUCTION AND IMPROVEMENTS. IN 2022, THE CORPORATION GENERATED $5.8 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.5 MILLION STUDENTS THROUGHOUT THE 80 K-12 LA COUNTY SCHOOL DISTRICTS. 4797352 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 CA X JEFF YOUNG 5629226419 9300 EAST IMPERIAL HWY DOWNEY CA LOS ANGELES CA 90242 X DR ANTHONY CULPEPPER PRESIDENT 1.00 X X 0 0 0 MRS JULIE BOUCHER VICE PRESIDENT 1.00 X X 0 0 0 MR JOHN NUNEZ SECRETARY/MEMBER 1.00 X X 0 0 0 FRANK BOSTROM MEMBER 1.00 X 0 0 0 MR JEFF YOUNG EXECUTIVE OFFICER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 5826287 5826287 5826287 0 0 5826287 5826287 5826287 AMORTIZATION, NET -1028935 -1028935 4797352 4797352 0 0 62248996 61781361 158495019 144088493 220744015 205869854 13242975 12441578 44195551 39203313 172744520 162635059 230183046 214279950 X -9439031 -8410096 -9439031 -8410096 220744015 205869854 1028935 0 X X 0 1 X 1 0 0 LEASES RECEIVABLE 142376201 DUE FROM DISTRICTS 1712292 144088493 CERTIFICATE ISSUANCE PREMIUM 8410096 BONDS PAYABLE 92683487 DUE TO DISTRICTS 61541476 162635059 X 5826287 0 5826287 0 5826287 4797352 0 4797352 0 4797352 PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT CORPORATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, AND SECTION 23701F OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS ANDTHE 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 THE CORPORATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE CORPORATION FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA GENERALLY EXPIRE IN THREE TO FOUR YEARS, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE AN EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD POTENTIALLY RESULT IN CONFLICTS. THE BOARD OR DESIGNATED COMMITTEE REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST SENT TO THE ADDRESS ON PAGE 1. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES TO THE REVIEW PROCESS.