2026-04-13T20:41:05-05:00 2025-06-30 680037990 GILBERT CPAS 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2024-07-01 680138865 CALIFORNIA SCHOOL BOARDS ASSOCIATION FINANCE CORPORATION CALI 9163714691 3251 BEACON BOULEVARD WEST SACRAMENTO CA 956913531 LARE BLOODWORTH TREASURER 9163714691 2026-02-14 1 1 JENNIFER Z IWATA P01310188 9166466464 2026-02-14 2024 2025-03-06 01:10:19Z LARE BLOODWORTH 3251 BEACON BOULEVARD WEST SACRAMENTO CA 956913531 138053 0 X WWW.CSBA.ORG X 1987 CA PROVIDE FINANCIAL ASSISTANCE SERVICES TO PUBLIC SCHOOL DISTRICTS. 4 0 0 4 0 0 0 0 83472 83924 48188 54129 0 0 131660 138053 0 0 0 0 121066 126012 0 0 0 80653 75169 201719 201181 -70059 -63128 530107 466979 0 0 530107 466979 X TO RENDER VARIOUS TYPES OF FINANCIAL ASSISTANCE SERVICES TO SCHOOL DISTRICTS, COUNTY OFFICES OF EDUCATION, OR ANY OTHER POLITICAL SUBDIVISION OR PUBLIC AGENCY OR BODY, A PRIMARY PURPOSE OF WHICH IS EDUCATION, IN THE STATE OF CALIFORNIA. 0 0 8924 THROUGH THE CALIFORNIA CASH RESERVE PROGRAM, SCHOOL DISTRICTS ARE OFFERED TAX AND REVENUE ANTICIPATION NOTES (TRANS). TRANS ARE TAX-EXEMPT, SHORT-TERM SECURITIES USED EXTENSIVELY BY ALL TYPES OF GOVERNMENTAL ENTITIES AS A CASH MANAGEMENT TOOL. STATE AND LOCAL GOVERNMENTS, COUNTY OFFICES OF EDUCATION, SCHOOL DISTRICTS AND COMMUNITY COLLEGE DISTRICTS ISSUE TRANS TO SUPPLEMENT THEIR GENERAL FUND CASH RESERVES FOR THE FISCAL YEAR AND TO ACT AS A CUSHION FOR ANY TEMPORARY CASH FLOW NEEDS. 75000 OPEB SOLUTIONS PROGRAM IS A FULL SERVICE GASB-COMPLIANT, IRS-APPROVED TRUST PROGRAM DESIGNED TO HELP DISTRICTS AND COUNTY OFFICES OF EDUCATION OFFER NON-PENSION RETIREMENT BENEFITS AND LOWER THEIR OTHER POST EMPLOYMENT BENEFITS (OPEB)LIABILITY. THIS IS TO COMPLY WITH GOVERNMENT ACCOUNTING STANDARD BOARD STATEMENT NOS. 45 AND 75. THESE ACCOUNTING STANDARDS REQUIRE DISTRICTS AND COUNTY OFFICES OF EDUCATION TO RECORD THEIR OTHER POST-EMPLOYMENT BENEFITS AS AN EXPENSE AND OBLIGATION ON THEIR FINANCIAL STATEMENTS. 268 THE CERTIFICATES OF PARTICIPATION PROGRAM PROVIDES DISTRICTS AN OPTION TO FINANCE CAPITAL EQUIPMENT OR REAL PROPERTY ACQUISITIONS AND IMPROVEMENTS. THROUGH THIS PROGRAM, SCHOOLS CAN UTILIZE THE FINANCE CORPORATION AS THE NOT-FOR-PROFIT CORPORATION WHILE ACCESSING THE SERVICES OF THE CSBA FINANCE CORPORATION'S FINANCING TEAM. DISTRICTS CAN TAKE ADVANTAGE OF FIXED OR VARIABLE RATE FINANCING OPTIONS. 200913 THE FLEXFUND PROGRAM IS A LEASE/PURCHASE FINANCING PROGRAM FOR FINANCINGS UNDER $1.5 MILLION THAT PROVIDES LOW-COST BORROWING TO DISTRICTS FOR CAPITAL IMPROVEMENTS AND EQUIPMENT PURCHASES SUCH AS: ENERGY MODERNIZATION PROJECTS, BUS AND RELOCATABLE PURCHASES, AND OUTFITTING COMPUTER LABS WITH HARDWARE, SOFTWARE AND FURNISHINGS.THE GO BOND PROGRAM SAVES TAXPAYERS MONEY BY REFINANCING OUTSTANDING DEBT OBLIGATION BONDS INTO LOWER INTEREST RATES. SMALLER REFINANCINGS CAN BE COMPLETED BY COMBINING HIGH FIXED COSTS INTO REFUNDING POOLS.TOTAL FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES 200913 201181 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 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 1 0 0 1 X 0 0 1 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X X LARE BLOODWORTH 9163714691 3251 BEACON BLVD WEST SACRAMENTO CA 95691 BETTYE LUSK PRESIDENT 0.20 6.00 X X 0 22989 0 ALBERT GONZALEZ VICE PRESIDENT 0.20 6.20 X X 0 29682 0 DEBRA SCHADE ASST VICE PRESIDENT 0.20 6.20 X X 0 13495 0 LARE BLOODWORTH DIRECTOR/TREASURER 1.00 39.00 X X 0 192140 28979 JAMES COLLINS SECRETARY 7.60 32.40 X 0 167946 15465 AMY CHRISTIANSON CHIEF, MEMBER SERVICES 6.00 34.00 X 0 174533 34379 0 600785 78823 0 0 1 0 0 FINANCIAL PROGRAMS 522291 83924 83924 83924 54129 54129 138053 83924 0 54129 67072 67072 35158 35158 8904 8904 7354 7354 7524 7524 8800 8800 183 183 2325 2325 OVERHEAD APPLIED 63786 63786 TAXES & LICENSES 75 75 201181 201181 0 0 166584 27759 2876 2877 360647 436343 530107 466979 0 0 X 530107 466979 530107 466979 530107 466979 -63128 0 X X 0 1 X 1 0 0 INTERCOMPANY RECEIVABLE 436343 436343 X PART X, LINE 2: THE ASSOCIATION HAS APPLIED THE ACCOUNTING PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 LARE BLOODWORTH DIRECTOR/TREASURER 0 188369 0 3771 0 0 0 12219 0 16760 0 221119 0 0 AMY CHRISTIANSON CHIEF, MEMBER SERVICES 0 167877 0 6656 0 0 0 12239 0 22140 0 208912 0 0 JAMES COLLINS SECRETARY 0 161519 0 6427 0 0 0 12244 0 3221 0 183411 0 0 PART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD FORM 990, PART V, LINE 2A AND 2B ALL FINANCE CORPORATION'S EMPLOYEES ARE EMPLOYEES OF CSBA, A RELATED ENTITY. CSBA IS RESPONSIBLE FOR REPORTING WAGE INFORMATION ON FORM W-3. FORM 990, PART VI, SECTION A, LINE 7A FINANCE CORP. OFFICERS ARE ELECTED TO THE BOARD OF DIRECTORS BASED UPON THEIR STATUS AS PRESIDENT, PRESIDENT ELECT, AND IMMEDIATE PAST PRESIDENT OF CSBA. ONCE SEATED, THE FINANCE CORP. BOARD ELECTS ITS PRESIDENT, VICE PRESIDENT, AND ASSISTANT VICE PRESIDENT. BOARD MEMBERS THROUGHOUT THE STATE WHOSE DISTRICTS AND/OR COUNTY OFFICES OF EDUCATION ARE MEMBERS OF CSBA, ELECT BOARD MEMBERS TO SERVE AS DELEGATES TO CSBA'S DELEGATE ASSEMBLY. THE DELEGATES THEN ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS THE OFFICERS OF THE ASSOCIATION. THE CSBA CEO/EXECUTIVE DIRECTOR MAY SERVE AS THE FOURTH MEMBER OF THE FINANCE CORPORATION BOARD, OR MAY DESIGNATE ANOTHER CSBA EMPLOYEE TO SERVE ON THE FINANCE CORPORATION BOARD. FORM 990, PART VI, SECTION A, LINE 8B NO SUCH COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED PRIOR TO FILING. THE APPROPRIATE ASSOCIATION STAFF WILL REVIEW ALL DOCUMENTS PRIOR TO DISCUSSION AND REVIEW THEM WITH THE FINANCE CORPORATION BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ALL CSBA OFFICERS, DIRECTORS, KEY EMPLOYEES, CERTAIN FORMER EMPLOYEES, AND SPECIFIED INDEPENDENT CONTRACTORS, AS WELL AS THE OFFICERS, DIRECTORS, KEY EMPLOYEES, CERTAIN FORMER EMPLOYEES, AND SPECIFIED INDEPENDENT CONTRACTORS OF RELATED ENTITIES SUCH AS CSBADSC, CSBAFC, AND CSB FOUNDATION. ALL OFFICERS, DIRECTORS, KEY EMPLOYEES, CERTAIN FORMER EMPLOYEES, AND SPECIFIED INDEPENDENT CONTRACTORS ARE REQUIRED TO SUBMIT ANNUALLY A DISCLOSURE STATEMENT TO THE CSBA GENERAL COUNSEL. THE GENERAL COUNSEL, CSBA CHIEF FINANCIAL OFFICER, CSBA CEO/EXECUTIVE, CSBA PRESIDENT, AND THE PRESIDENT OF THE BOARD OF DIRECTORS OF EACH RELATED ENTITY REVIEW THE STATEMENTS FOR ANY FACTS OR CIRCUMSTANCES THAT MAY REFLECT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST. UPON REVIEW OF EACH DISCLOSURE STATEMENT, THE CSBA PRESIDENT AND CSBA GENERAL COUNSEL WILL DISCLOSE ANY IDENTIFIED ACTUAL, POTENTIAL OR APPARENT CONFLICTS OF INTEREST TO THE CSBA BOARD OF DIRECTORS OR TO THE DIRECTORS OF THE BOARD OF ANY RELATED ENTITY, WITH A RECOMMENDATION AS TO POSSIBLE ACTION. THE BOARD(S) WILL THEN DETERMINE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 ALL NON-VOLUNTEER OFFICERS OF CSBAFC ARE EMPLOYEES OF CSBA, A RELATED ENTITY. CSBA IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF ALL ITS STAFF. ALL CSBAFC OFFICERS OR KEY EMPLOYEES THAT ARE EMPLOYEES OF CSBA ARE THEREFORE SUBJECT TO THAT ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 FORMS 990 ARE POSTED ON THE CSBA WEBSITE, AS WELL AS CERTAIN OTHER DOCUMENTS WHICH ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FROM PRIOR YEAR HAS NOT CHANGED. THE ORGANIZATION DOES NOT HAVE COMMITTEES. THE AUDIT COMMITTEE OF CSBA, A RELATED ORGANIZATION, REVIEWS AUDITS OF ALL ENTITIES ON A CONSOLIDATED BASIS. FORM 990, PART VI, SECTION B - POLICIES DOCUMENT DESTRUCTION AND RETENTION POLICIES ARE NOT FINANCE CORPORATION'S POLICIES, BUT POLICIES OF THE CALIFORNIA SCHOOL BOARDS ASSOCIATION, A RELATED ORGANIZATION. ALL EMPLOYEES ARE GOVERNED BY THE ASSOCIATION'S POLICIES. CA SCHOOL BOARDS ASSOCIATION 3251 BEACON BLVD WEST SACRAMENTO CA 95691 941510492 PROMOTE AND ADVANCE PUBLIC EDUCATION CA 501(C)(4) N/A 0 CA SCHOOL BOARDS ASSOCIATION DISTRICT SERVICES CORP 3251 BEACON BLVD WEST SACRAMENTO CA 95691 680371170 PROVIDE SUPPORT TO SCHOOL DISTRICTS CA 501(C)(4) CA SCHOOL BOARDS ASSOCIATION 0 CA SCHOOL BOARDS FOUNDATION 3251 BEACON BLVD WEST SACRAMENTO CA 95691 941623582 PROVIDE TRAINING AND SUPPORT TO SCHOOL BOARD MEMBERS CA 501(C)(3) LINE 7 CA SCHOOL BOARDS ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CA SCHOOL BOARDS ASSOCIATION N 63786 ACTUAL COST