Nonprofit · EIN 45-5233028
VALUE SCHOOLS FOUNDATION
Tax-exempt · LOS ANGELES, CA 90005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,667,855 | $4,260,150 | $407,705 | $54,532,075 | $49,870,719 | $4,661,356 |
| June 30, 2024 | 990 | $4,009,314 | $4,448,522 | -$439,208 | $54,632,028 | $50,378,377 | $4,253,651 |
| June 30, 2023 | 990 | $4,676,645 | $4,430,939 | $245,706 | $55,686,775 | $50,993,916 | $4,692,859 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,538,261
- Program service revenue
- $2,876,469
- Investment income
- $254,463
- Other revenue
- -$1,338
Expenses
- Grants and similar amounts paid
- $685,035
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $1,130,753
- Travel
- $218
- Depreciation
- $832,053
- Program services (functional)
- $4,242,053
- Management and general (functional)
- $627
- Fundraising (functional)
- $17,470
Balance sheet and other
- Total assets, start of year
- $54,632,028
- Total assets, end of year
- $54,532,075
- Total liabilities, end of year
- $49,870,719
- Net assets, end of year
- $4,661,356
- Land, buildings and equipment
- $25,451,117
- Net assets without donor restrictions
- $3,568,636
- Net assets with donor restrictions
- $1,092,720
- Gross receipts
- $4,667,855
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2012
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOREEN RILEY | CEO Officer | 2 | $0 | $234,375 | $59,729 |
| RHONDA HOFFARTH | SECRETARY & TREASURER Officer | 2 | $0 | $212,460 | $48,791 |
| DAVID DOYLE | PRESIDENT Officer | 2 | $0 | $188,316 | $61,365 |
| GRANT CAMBRIDGE | BOARD CHAIR (THRU JAN 2025) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| MATT O'CONNOR | BOARD CHAIR (START JAN 2025) Trustee or director, Officer | 2 | $0 | $0 | $0 |
| NAYA BLOOM | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JUAN BUSTAMANTE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TREVOR CONNON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JODY FOLDESY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VINCE GONZALES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PETER HILDEBRANDT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TOM LEVEE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SARAH ROTHENBERG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| AMANDA SWEENEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANNIE WU | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOREEN RILEY | CEO Officer | 2 | $0 | $207,225 | $59,245 |
| RHONDA HOFFARTH | SECRETARY & TREASURER Officer | 2 | $0 | $176,372 | $57,004 |
| DAVID DOYLE | PRESIDENT Officer | 2 | $0 | $155,833 | $53,351 |
| GRANT CAMBRIDGE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AMANDA SWEENEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VINCE GONZALES | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JUAN BUSTAMANTE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TOM LEVEE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JAMES BRAY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PETER HILDEBRANDT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MATT O'CONNOR | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JODY FOLDESY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| NAYA BLOOM | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANNIE WU | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TREVOR CONNON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID DOYLE | PRESIDENT Officer | 2 | $0 | $165,617 | $52,933 |
| RHONDA HOFFARTH | SECRETARY & TREASURER Officer | 2 | $0 | $147,372 | $52,350 |
| LOREEN RILEY | PRESIDENT/CEO Officer | 2 | $0 | $98,717 | $25,888 |
| GRANT CAMBRIDGE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AMANDA SWEENEY | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| VINCE GONZALES | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JUAN BUSTAMANTE | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TOM LEVEE | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES BRAY | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PETER HILDEBRANDT | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MATT O'CONNOR | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JODY FOLDESY | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NAYA BLOOM | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ANNIE WU | MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 680 WILSHIRE PL STE 308, LOS ANGELES, CA 90005-3950
- In care of
- % HOWARD CAPLAN
- Mailing address (990-N for 2012)
- 950 W Washington Blvd, Los Angeles CA 90015
- Principal officer (990 for 2024)
- DAVID DOYLE, 680 WILSHIRE PLACE 308, LOS ANGELES, CA 90005
- Principal officer (990-N for 2012)
- Howard Caplan, 950 W Washington Blvd, Los Angeles CA 90015
- Signed the 990
- DAVID DOYLE, PRESIDENT
- Phone
- (213) 388-8695
- Website
- www.valueschools.com
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 45-5233028 or by the name VALUE SCHOOLS FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAINTAIN AND OPERATE AN EDUCATIONAL INSTITUTION, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONS AND OTHER SUPPORT TO CHARTER SCHOOLS, TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS, AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING.
Program accomplishments
- THE FOUNDATION SUPPORTS CHARTER SCHOOLS UNDER VALUE SCHOOLS THROUGH THE PURCHASE AND OWNERSHIP OF SCHOOL FACILITIES, BUILDING RENOVATIONS, ETC.Expenses $4,242,053 · grants $685,035 · revenue $2,876,469
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5233028
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $54,532,075
- Income (IRS master file)
- $4,667,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,667,855 | $4,260,150 | $54,532,075 | IRS |
| 990 | June 2024 | $4,009,314 | $4,448,522 | $54,632,028 | IRS |
| 990 | June 2023 | $4,676,645 | $4,430,939 | $55,686,775 | IRS |
| 990 | June 2022 | $4,234,349 | $4,289,358 | $37,084,101 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Howard Caplan | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5233028).
Questions about VALUE SCHOOLS FOUNDATION
- What is the EIN of VALUE SCHOOLS FOUNDATION?
- The employer identification number (EIN) of VALUE SCHOOLS FOUNDATION is 45-5233028.
- Is VALUE SCHOOLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to VALUE SCHOOLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALUE SCHOOLS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALUE SCHOOLS FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALUE SCHOOLS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VALUE SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 names DAVID DOYLE.
- Who are the officers and directors of VALUE SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does VALUE SCHOOLS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,667,855, expenses of $4,260,150 and total assets of $54,532,075 at year end.
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