2026-01-21T16:40:14-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 901 VIA PIEMONTE SUITE 300 ONTARIO CA 91764 990 2024-07-01 954038658 LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUSINESS SERVICES CORP LOSA 5629226166 9300 IMPERIAL HIGHWAY DOWNEY CA 90242 ANTHONY CULPEPPER PRESIDENT 5629226166 2026-01-21 1 1 CASIE ZWAHLEN CPA P02291311 9099857286 2026-01-20 2024 2025-03-06 01:10:19Z ANTHONY CULPEPPER 9300 IMPERIAL HIGHWAY DOWNEY CA 90242 3212105 0 X N/A X 1985 CA TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING. 6 6 0 6 0 0 0 0 0 0 5554340 3212105 0 0 5554340 3212105 0 0 0 0 0 0 0 0 0 4867917 2426548 4867917 2426548 686423 785557 163002409 131780652 170726082 138718768 -7723673 -6938116 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 2426548 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 2024-2025 FISCAL YEAR, THE CORPORATION GENERATED $3.2 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.2 MILLION STUDENTS THROUGHOUT THE 79 K-12 LA COUNTY SCHOOL DISTRICTS. 2426548 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 6 6 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 MR PHILLIP DOWNING EXEC. DIRECTOR 1.00 X 0 0 0 DR ANTHONY CULPEPPER PRESIDENT 1.00 X X 0 0 0 MRS JULIE BOUCHER VICE PRESIDENT/TREASURER 1.00 X X 0 0 0 MR JOHN NUNEZ SECRETARY/DIRECTOR 1.00 X X 0 0 0 MR FRANK BOSTROM DIRECTOR 1.00 X 0 0 0 DR MICHAEL LIN DIRECTOR 1.00 X 0 0 0 MR MANOJ ROYCHOWDHURY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3212105 3212105 3212105 0 0 3212105 3212105 3212105 AMORTIZATION, NET -785557 -785557 2426548 2426548 0 0 54152622 34802668 108849787 96977984 163002409 131780652 354512 309380 31224261 27967024 139147309 110442364 170726082 138718768 X -7723673 -6938116 -7723673 -6938116 163002409 131780652 785557 0 X X 0 1 X 1 0 0 LEASES RECEIVABLE 96892023 DUE FROM DISTRICTS 85961 96977984 CERTIFICATE ISSUANCE PREMIUM 6938116 BONDS PAYABLE 68925000 DUE TO DISTRICTS 34579248 110442364 X 3212105 0 3212105 0 3212105 2426548 0 2426548 0 2426548 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 AND THE 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 (GREATER THAN 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 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 THE BOARD WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE IRS. 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.