2024-05-02T18:49:22-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 455233028 VALUE SCHOOLS FOUNDATION VALU 2133888695 680 WILSHIRE PLACE 308 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT 2133888695 2024-05-02 1 DAVID DOYLE 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID DOYLE 680 WILSHIRE PLACE 308 LOS ANGELES CA 90005 4690503 0 X WWW.VALUESCHOOLS.COM X 2012 CA TO SUPPORT THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH PURCHASING AND OWNING SCHOOL'S FACILITIES. 11 11 0 11 0 0 1000654 1331266 3229682 3200795 4013 144584 0 0 4234349 4676645 684547 401891 0 0 0 0 0 0 25508 3604811 4029048 4289358 4430939 -55009 245706 37084101 55686775 32636948 50993916 4447153 4692859 X VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAINTAIN AND OPERATE AN EDUCATIONAL INSTITUTION, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS, TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS, AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. 0 0 4369005 401891 3200795 THE FOUNDATION SUPPORTS CHARTER SCHOOLS UNDER VALUE SCHOOLS THROUGH THE PURCHASE AND OWNERSHIP OF SCHOOL FACILITIES, BUILDING RENOVATIONS, ETC. 4369005 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 CA X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE STE 308 LOS ANGELES CA 90005 GRANT CAMBRIDGE BOARD CHAIR 2.00 2.00 X X 0 0 0 AMANDA SWEENEY MEMBER 2.00 0.00 X 0 0 0 VINCE GONZALES MEMBER 2.00 2.00 X 0 0 0 JUAN BUSTAMANTE MEMBER 2.00 0.00 X 0 0 0 TOM LEVEE MEMBER 2.00 0.00 X 0 0 0 JAMES BRAY MEMBER 2.00 0.00 X 0 0 0 PETER HILDEBRANDT MEMBER 2.00 0.00 X 0 0 0 MATT O'CONNOR MEMBER 2.00 0.00 X 0 0 0 JODY FOLDESY MEMBER 2.00 0.00 X 0 0 0 NAYA BLOOM MEMBER 2.00 2.00 X 0 0 0 ANNIE WU MEMBER 2.00 0.00 X 0 0 0 DAVID DOYLE PRESIDENT 2.00 40.00 X 0 165617 52933 LOREEN RILEY PRESIDENT/CEO 2.00 40.00 X 0 98717 25888 RHONDA HOFFARTH SECRETARY & TREASURER 2.00 40.00 X 0 147372 52350 0 411706 131171 0 0 1 0 0 1331266 1331266 RENTAL INCOME 531390 3200795 3200795 3200795 134635 134635 23807 13858 9949 9949 9949 4676645 3200795 0 144584 401891 401891 1330066 1330066 1772409 1772409 832053 832053 OTHER EXPENSES 69012 32586 36426 FUNDRAISING EXPENSES 25508 25508 4430939 4369005 36426 25508 1210356 2051138 5124675 4340458 77367 0 70918 0 31725608 4610385 27701360 27115223 2899425 22179956 37084101 55686775 832331 898 270351 340704 28465278 28275983 3068988 22376331 32636948 50993916 X 4447153 4692859 4447153 4692859 37084101 55686775 245706 0 X X 0 1 X 1 0 X 705879 1396901 2422122 1000654 1331266 6856822 705879 1396901 2422122 1000654 1331266 6856822 3289918 3566904 67364 33184 387 2267 134635 237837 8291 8291 7102950 13222903 0.50220 0.55140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REFUNDS/REIMBURSEMENTS - 2020 AMOUNT: $ 8,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5512676 5512676 11348444 608901 10739543 14714232 3851228 10863004 150256 150256 0 27115223 DEFERRED RENT ASSET 3310742 DEPOSITS 40444 ROU LEASE ASSET - OPERATING 18828770 22179956 BOND INTEREST PAYABLE 860851 RELATED PARTY PAYABLE 472809 GRANT FUNDS RESERVE 988540 ROU LEASE LIABILITY - OPERATING 20054131 22376331 X 4676645 0 4676645 0 4676645 4430939 0 4430939 0 4430939 PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 VALUE SCHOOLS 680 WILSHIRE PLACE LOS ANGELES CA 90005 954813155 501 (C) (3) 401891 0 CONTRIBUTION TO SCHOOL 1 0 0 0 0 0 0 0 0 0 DAVID DOYLE PRESIDENT 0 165617 0 0 0 0 0 42103 0 10830 0 218550 0 0 RHONDA HOFFARTH SECRETARY & TREASURER 0 147372 0 0 0 0 0 37167 0 15183 0 199722 0 0 A CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TAD1 2013-08-08 12870000 TO ACQUIRE AND CONSTRUCT THE LAND AND FACILITIES FOR VALUE SCHOOLS 0 0 0 B CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TDM8 2016-12-01 8090000 TO RENOVATE FACILITIES FOR VALUE SCHOOLS 0 0 0 C CALIFORNIA SCHOOL FINANCE AUTHORITY SCHOOL FACILITY REVENUE BONDS 680280917 13059TGP8 2020-10-29 9145000 TO RENOVATE FACILITIES FOR VALUE SCHOOLS 0 0 0 A 950000 12870000 1194377 551418 257400 10776404 139332 2013 0 0 1 1 B 125000 8090000 563968 360571 40450 6987500 221609 2017 0 0 1 1 C 9145000 571831 515290 553047 8629710 967898 2022 0 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 B 0 0 0 1 0 0 0 0 0 C 0 0 0 1 0 0 0 0 0 A 0 B 0 C 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12 MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990. PART XII, LINE 2C: NO CHANGES IN SELECTION OR OVERSIGHT PROCESS FROM PRIOR YEAR. VSF SCHOOL FACILITIES #1 LLC 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 FACILITIES CA 3251576 53699935 VALUE SCHOOLS FOUNDATION VALUE SCHOOLS 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 954813155 MANAGEMENT OF CHARTER SCHOOLS CA 501(C)(3) LINE 2 N/A 0 0 1 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0