2024-12-20T17:47:59-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2023-07-01 954038658 LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUSINESS SERVICES CORP LOSA 5629226166 9300 IMPERIAL HIGHWAY DOWNEY CA 90242 PHILLIP DOWNING EXECUTIVE DIRECTOR 5629226166 2024-12-19 1 1 CASIE ZWAHLEN CPA P02291311 6268577300 2024-12-19 2023 2024-10-15 13:58:12Z PHILLIP DOWNING 9300 IMPERIAL HIGHWAY DOWNEY CA 90242 5554340 0 X N/A X 1985 CA TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING. 5 5 0 6 0 0 0 0 0 0 5826287 5554340 0 0 5826287 5554340 0 0 0 0 0 0 0 0 0 4797352 4867917 4797352 4867917 1028935 686423 205869854 163002409 214279950 170726082 -8410096 -7723673 TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX-EXEMPT BONDS. TO PROVIDE SERVICES NECESSARY/APPOPRIATE FOR THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF REGIONALIZED BUSINESS SERVICES AND PROGRAMS FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LACOE. 0 0 4867917 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 2023, THE CORPORATION GENERATED $5.5 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.2 MILLION STUDENTS THROUGHOUT THE 79 K-12 LA COUNTY SCHOOL DISTRICTS. 4867917 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 PHILLIP DOWNING EXECUTIVE DIRECTOR 5629226166 9300 IMPERIAL HWY DOWNEY 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/DIRECTOR 1.00 X X 0 0 0 DR MICHAEL LIN DIRECTOR 1.00 X 0 0 0 MR FRANK BOSTROM DIRECTOR 1.00 X 0 0 0 MR JEFF YOUNG EXEC. DIRECTOR (TERM END 5/2024) 1.00 X 0 0 0 MR PHILLIP DOWNING EXEC. DIRECTOR (TERM START 8/2024) 1.00 X 0 0 0 0 0 0 0 0 0 0 0 5554340 5554340 5554340 0 0 5554340 5554340 5554340 DEBT EXTINGUISHMENT 205687 205687 AMORTIZATION, NET -892110 -892110 4867917 4867917 0 0 61781361 54152622 144088493 108849787 205869854 163002409 12441578 354512 39203313 31224261 162635059 139147309 214279950 170726082 X -8410096 -7723673 -8410096 -7723673 205869854 163002409 686423 0 X X 0 1 X 1 0 0 LEASES RECEIVABLE 108729260 DUE FROM DISTRICTS 120527 108849787 CERTIFICATE ISSUANCE PREMIUM 7723673 BONDS PAYABLE 77505000 DUE TO DISTRICTS 53918636 139147309 X 5554340 0 5554340 0 5554340 4867917 0 4867917 0 4867917 PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT CORPORATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, AND SECTION 23701U 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.