2024-05-13T14:47:32-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 2424 LOUISIANA BLVD NE STE 300 ALBUQUERQUE NM 87110 990 2022-07-01 260902688 ALICE KING COMMUNITY SCHOOL FOUNDATION ALIC 5059754727 8009 MOUNTAIN RD PL NE ALBUQUERQUE NM 87110 BENJAMIN MARTINEZ CPA TREASURER 5059754727 2024-05-01 1 BENJAMIN MARTINEZ CPA 999009999 1 JOHN GRISHAM P00647648 5058832727 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BENJAMIN MARTINEZ CPA 8009 MOUNTAIN RD PL NE ALBUQUERQUE NM 87110 718800 0 X WWW.AKCS.ORG/APPS/PAGES/FOUNDATION X 2008 NM THE FOUNDATION WAS FORMED TO PROVIDE FUNDING AND OTHER MEANS OF SUPPORT TO ALICE KING COMMUNITY SCHOOL. 7 7 0 10 0 0 7211 10991 689092 688076 151 19733 0 0 696454 718800 2500 0 0 0 0 0 0 0 0 573946 567821 576446 567821 120008 150979 12600111 12389661 13102640 12741211 -502529 -351550 X THE FOUNDATION WAS FORMED TO PROVIDE FUNDING AND OTHER MEANS OF SUPPORT TO AKCS. TO PROVIDE A SCHOOL WHERE STUDENTS THRIVE ACADEMICALLY AND SOCIALLY THROUGH A STRONG EDUCATIONAL PROGRAM BASED UPON A STRUCTURED CURRICULUM SUPPORTED BY DISCIPLINE AND MUTUAL RESPECT. THE INITIAL AND CONTINUING FOCUS OF THE FOUNDATION IS TO SUPPORT THE EDUCATIONAL PURSUITS OF STUDENTS BY PROVIDING FUNDING FOR PROGRAMMING, FACILITY ENHANCEMENTS AND SUPPLEMENTAL FACILITY RESOURCES. REALIZING THAT ALICE KING COMMUNITY SCHOOL AND ITS FAMILIES BENEFIT FROM PARTICIPATION IN THE GREATER COMMUNITY, THE FOUNDATION ALSO ENDEAVORS TO PROVIDE OPPORTUNITIES TO ENRICH THE QUALITY OF LIFE IN THE SURROUNDING REGION. 0 0 561254 688076 THE FOUNDATION WAS FORMED TO PROVIDE FUNDING AND OTHER MEANS OF SUPPORT TO THE ALICE KING COMMUNITY SCHOOL. THE INITIAL AND CONTINUING FOCUS OF THE FOUNDATION IS TO SUPPORT THE EDUCATIONAL PURSUITS OF STUDENTS BY PROVIDING FUNDING FOR PROGRAMMING, FACILITY ENHANCEMENTS, AND SUPPLEMENTAL FACILITY RESOURCES. THE FOUNDATION PROVIDES FURTHER SUPPORT TO THE SCHOOL THROUGH THE ISSUANCE OF THE BONDS, THE PROCEEDS OF WHICH WILL BE LENT TO THE FOUNDATION TO FINANCE THE ACQUISITION, RENOVATION, IMPROVEMENT, AND EQUIPPING OF THE FACILITY FOR LEASE OR LEASE-PURCHASE TO THE SCHOOL. THE FOUNDATION'S SOLE PROGRAM IS MAINTAINING THE DEBT SERVICE ON THE SCHOOL'S BUILDING AND RAISING FUNDS IN SUPPORT OF THE SCHOOL. 561254 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X X BENJAMIN A MARTINEZ 5059754727 8009 MOUNTAIN RD PL NE ALBUQUERQUE NM 87110 X CARLOS REY ROMERO PRESIDENT 1.00 X X 0 0 0 MAGDA MARTINEZ-BACA SECRETARY 1.00 X X 0 0 0 BENJAMIN MARTINEZ CPA TREASURER 1.00 X X 0 0 0 KRISTI COLLINS EXECUTIVE DIRECTOR 1.00 X X 0 0 0 AMBER WEEKS MEMBER 1.00 X 0 0 0 CHELANNA O'BRIEN MEMBER 1.00 X 0 0 0 ANNA JIMENEZ MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 764 10227 10991 RENT REVENUE 531390 688076 688076 688076 19733 19733 718800 688076 0 19733 6567 6567 3600 3600 409915 409915 137735 137735 COMMISSIONS & FEES 10004 10004 567821 561254 6567 0 21918 22799 824548 864547 5906351 914322 5129764 4992029 6623881 6510286 12600111 12389661 6430000 6330000 6672640 6411211 13102640 12741211 X -502529 -351550 -502529 -351550 12600111 12389661 150979 0 X X 0 1 X 1 0 X 7992 10838 13479 7211 10991 50511 7992 10838 13479 7211 10991 50511 50511 151 19733 19884 70395 1377168 0.71750 0.99680 X 450000 450000 5456351 914322 4542029 4992029 LEASE RECEIVABLE 6504540 INTEREST RECEIVABLE 5746 6510286 ACCRUED INTEREST 203273 DEFERRED INFLOWS OF RESOURCES RELATED TO LEASE 6207938 6411211 718800 0 718800 0 718800 567821 0 567821 0 567821 A BOND ISSUED SERIES 2016 74443DAP6 2016-04-29 1240000 PURCHASE/RENOVATE SCHOOL 0 0 0 B BOND ISSUED SERIES 2016 74443DAQ6 2016-04-29 5615000 PURCHASE/RENOVATE SCHOOL 0 0 0 A 95000 1240000 92353 52238 101647 993762 2016 0 0 0 0 B 430000 5615000 418197 236545 460278 4499980 2016 0 0 0 0 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART V EXPLANATION: ALTHOUGH THE ORGANIZATION DOES NOT HAVE WRITTEN PROCEDURES IN PLACE, IT HAS CONTRACTED WITH AN AGENCY THAT MONITORS ALL BOND REPORTING AND COMPLIANCE REQUIREMENTS. THE ORGANIZATION HAS HIRED COMMUNITY INVESTMENT CORPORATION LOCATED IN ARIZONA TO FILE ITS ANNUAL FINACIAL STATEMENTS WITH THE ELECTRONIC MUNICIPAL MARKET ACCESS SYSTEM, TO MEET ARBITRAGE REQUIREMENTS, AND FOR ALL OTHER BOND COMPLIANCE REQUIREMENTS. THE ORGANIZATION ALSO WORKS WITH THE BOND TRUSTEE TO MAKE CERTAIN BOND ACCOUNTS ARE PROPERLY MONITORED AND BOND PAYMENTS ARE TIMELY MADE. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP EXISTS OF KEY EMPLOYEES OF THE SUPPORTED ORGANIZATION WHO SERVE ON THE FOUNDATION AS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B BOARD TREASURER AND PRESIDENT WILL REVIEW IN DETAIL THEN FULL BOARD WILL BE EMAILED A COPY TO REVIEW. FORM 990, PART VI, SECTION C, LINE 19 FORM 1023, RETURNS, AND GOVERNING DOCUMENTS ARE MADE AVAILALE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD WORKS WITH THE ALICE KING COMMUNITY SCHOOL AUDIT COMMITTEE AS PART OF THE CONSOLIDATED AUDIT PROCESS; NOTHING HAS CHANGED FROM THE PRIOR YEAR.