2024-04-30T17:53:14-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 461831800 INNER CITY EDUCATION FAMILY INNE 3232906900 3855 W SLAUSON AVE LOS ANGELES CA 90043 ARI ENGELBERG PRESIDENT 3103941152 2024-04-29 1 ARI ENGELBERG XXX-XX-XXXX 0 WADE MCMULLEN P00541671 6268577300 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARI ENGELBERG 3855 W SLAUSON AVE LOS ANGELES CA 90043 2371089 0 X N/A X 2012 CA FACILITATE THE DEVELOPMENT AND OPERATIONS OF INNER CITY EDUCATION FOUNDATION. 3 3 0 3 0 0 2750 0 2323811 2333394 729 37637 0 58 2327290 2371089 0 0 0 0 0 0 0 0 0 2567456 2351729 2567456 2351729 -240166 19360 27891845 27534265 28649532 28272592 -757687 -738327 THE PRIMARY PURPOSES OF THE CORPORATION ARE TO FACILITATE THE DEVELOPMENT AND OPERATION OF PUBLIC CHARTER SCHOOLS BY INNER CITY EDUCATION FOUNDATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, AND SUCH OTHER NONPROFIT ORGANIZATIONS. 0 0 2351729 2333394 THE PRIMARY PURPOSES OF THE CORPORATION ARE TO FACILITATE THE DEVELOPMENT AND OPERATION OF PUBLIC CHARTER SCHOOLS BY INNER CITY EDUCATION FOUNDATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, AND SUCH OTHER NONPROFIT ORGANIZATIONS. 2351729 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 CA X ARI ENGELBERG 3232906900 3855 W SLAUSON AVE LOS ANGELES CA 90043 X ARI ENGELBERG PRESIDENT 1.00 X X 0 0 0 ELI TABAN SECRETARY 1.00 X X 0 0 0 STEVE SMITH TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 531120 2333394 2333394 2333394 37637 37637 OTHER REVENUE 900099 58 58 58 2371089 2333394 0 37695 119 119 -16749 -16749 1713701 1713701 644458 644458 OTHER EXPENSES 10200 10200 2351729 2351729 0 0 278995 905002 1374157 985699 45827 45827 5905 5905 29735129 4544256 25786781 25190873 400180 400959 27891845 27534265 53246 73876 26521428 26154981 2074858 2043735 28649532 28272592 X -757687 -738327 -757687 -738327 27891845 27534265 19360 0 X X 0 1 X 1 0 X X 1 INNER CITY EDUCATION FOUNDATION 954548521 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 10100789 10100789 19512482 4525119 14987363 121858 19137 102721 25190873 RELATED PARTY AP 2043735 2043735 X PART X, LINE 2: ICEF IS A NONPROFIT 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 SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. ICEF FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. ON DECEMBER 28, 2012, A SEPARATE LEGAL ENTITY WAS FORMED NAMED THE INNER CITY EDUCATION FAMILY (FAMILY). FAMILY HAS A SEPARATE OPERATING BOARD AND WAS CREATED FOR THE PURPOSE OF SUPPORTING AND PROVIDING FACILITIES FOR ICEF. ON JUNE 27, 2014, THE FAMILY RECEIVED ITS 501(C)(3) DESIGNATION AND BEGAN OPERATIONS. THE PURPOSE OF THIS ENTITY IS TO: (1) TO RAISE FUNDS TO BE USED TO FURTHER THE EDUCATIONAL PURSUITS FOR ICEF AND OTHER CHARTER SCHOOLS; (2) TO ACQUIRE, HOLD, DEVELOP, AND LEASE EDUCATIONAL AND OTHER RELATED EDUCATIONAL FACILITIES FOR ICEF AND OTHER EDUCATIONAL ENDEAVORS; AND (3) TO PROMOTE THE DEVELOPMENT OF ARTS, ATHLETICS, AND ACADEMICS IN ICEF AND OTHER DESERVING CHARTER SCHOOLS. A CSFA SCHOOL FACILITY REVENUE BONDS 461831800 13059TAM1 2013-10-01 9880000 PURCHASE OF EXISTING 0 0 0 B CSFA SCHOOL FACILITY REVENUE BONDS 461831800 13059TBF5 2014-10-01 19810000 CONSTRUCTION OF FACILITIES 0 0 0 A 550000 10155000 42488 782513 9330000 2007 0 0 1 1 B 1745000 19810000 916840 18893160 2016 0 0 1 1 A 1 0 0 0 0 0 0 B 1 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH 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 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. 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 INTEREST 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 ALL GOVERNMENT DOCUMENTS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SLAUSON AND KENNISTON LLC 3855 W SLAUSON AVENUE LOS ANGELES CA 90056 461831800 TITLE HOLD CA 36681 1748377 ICEF FAMILY CRENSHAW AND SLAUSON LLC 3855 W SLAUSON AVENUE LOS ANGELES CA 90056 461831800 TITLE HOLD CA 908157 9173368 ICEF FAMILY 52ND AND CRENSHAW LLC 3855 W SLAUSON AVENUE LOS ANGELES CA 90056 461831800 TITLE HOLD CA 1426193 16597424 ICEF FAMILY INNER CITY EDUCATIONAL FOUNDATION 3855 W SLAUSON AVENUE LOS ANGELES CA 90056 954548521 SCHOOL CA 501C3 LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0