Nonprofit · EIN 68-0138865
CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION
Tax-exempt · W SACRAMENTO, CA 95691
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $138,053 | $201,181 | -$63,128 | $466,979 | $0 | $466,979 |
| June 30, 2024 | 990 | $131,660 | $201,719 | -$70,059 | $530,107 | $0 | $530,107 |
| June 30, 2023 | 990 | $136,940 | $199,814 | -$62,874 | $600,166 | $0 | $600,166 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $83,924
- Investment income
- $54,129
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $67,072
- Other salaries and wages
- $35,158
- Salaries, compensation and benefits (total)
- $126,012
- Professional fundraising fees
- $0
- Accounting fees
- $8,800
- Program services (functional)
- $201,181
Balance sheet and other
- Total assets, start of year
- $530,107
- Total assets, end of year
- $466,979
- Total liabilities, end of year
- $0
- Net assets, end of year
- $466,979
- Net assets without donor restrictions
- $466,979
- Gross receipts
- $138,053
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1987
- 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 |
|---|---|---|---|---|---|
| LARE BLOODWORTH | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $192,140 | $28,979 |
| AMY CHRISTIANSON | CHIEF, MEMBER SERVICES Key employee | 6 | $0 | $174,533 | $34,379 |
| JAMES COLLINS | SECRETARY Officer | 7.6 | $0 | $167,946 | $15,465 |
| ALBERT GONZALEZ | VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $29,682 | $0 |
| BETTYE LUSK | PRESIDENT Trustee or director, Officer | 0.2 | $0 | $22,989 | $0 |
| DEBRA SCHADE | ASST VICE PRESIDENT Trustee or director, Officer | 0.2 | $0 | $13,495 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN POGEMILLER | DIRECTOR/TREASURER TO 1/25/24 Trustee or director, Officer | 1 | $0 | $185,801 | $69,716 |
| AMY CHRISTIANSON | CHIEF, MEMBER SERVICES Key employee | 6 | $0 | $164,101 | $38,600 |
| JAMES COLLINS | SECRETARY Officer | 8 | $0 | $161,479 | $13,875 |
| SUSAN MARKARIAN | PRESIDENT TO 1/25/24 Trustee or director, Officer | 0.2 | $0 | $29,682 | $0 |
| ALBERT GONZALEZ | ASST VICE PRESIDENT UNTIL 1/25/24, PRESIDENT AS OF Trustee or director, Officer | 0.2 | $0 | $22,989 | $0 |
| SUSAN HEREDIA | VICE PRESIDENT TO 1/25/24 Trustee or director, Officer | 0.2 | $0 | $13,495 | $0 |
| BETTYE LUSK | ASST VICE PRESIDENT AS OF 1/26/24 Trustee or director, Officer | 0.2 | $0 | $13,495 | $0 |
| LARE BLOODWORTH | DIRECTOR/TREASURER AS OF 1/26/24 Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VERNON BILLY | FORMER BOARD MEMBER/DIRECT Former | 0 | $0 | $374,000 | $75,490 |
| NAOMI EASON | ASSISTANT EXECUTIVE DIRECT Key employee | 4 | $0 | $211,314 | $31,892 |
| STEPHEN POGEMILLER | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 | $185,143 | $55,051 |
| JAMES COLLINS | SECRETARY Officer | 8 | $0 | $156,750 | $11,614 |
| SUSAN HEREDIA | PRESIDENT AS OF 5/12/21 AND VP AS OF 1/27/23 Trustee or director, Officer | 0.2 | $0 | $29,682 | $0 |
| SUSAN MARKARIAN | ASST VP AS OF 1/20/22 PRESIDENT AS OF 01/27/23 Trustee or director, Officer | 0.2 | $0 | $22,989 | $0 |
| XILONIN CRUZ-GONZALEZ | VICE PRESIDENT AS OF 1/29/21 TO 12/3/22 Trustee or director, Officer | 0.2 | $0 | $13,495 | $0 |
| ALBERT GONZALEZ | ASST VICE PRESIDENT AS OF 1/27/23 Trustee or director, Officer | 0.2 | $0 | $13,495 | $0 |
Address and contacts
- Address (IRS master file)
- 3251 BEACON BLVD, W SACRAMENTO, CA 95691-3475
- Principal officer (990 for 2024)
- LARE BLOODWORTH, 3251 BEACON BOULEVARD, WEST SACRAMENTO, CA 956913531
- Signed the 990
- LARE BLOODWORTH, TREASURER
- Phone
- (916) 371-4691
- Website
- WWW.CSBA.ORG
- Return prepared by
- GILBERT CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0138865 or by the name CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION.
- 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
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.
Program accomplishments
- 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.revenue $8,924
- 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.revenue $75,000
- 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.Expenses $268
- 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 SERVICESExpenses $200,913
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
- 68-0138865
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $466,979
- Income (IRS master file)
- $138,053
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $138,053 | $201,181 | $466,979 | XML |
| 990 | June 2024 | $131,660 | $201,719 | $530,107 | XML |
| 990 | June 2023 | $136,940 | $199,814 | $600,166 | XML |
| 990 | June 2022 | $114,695 | $157,731 | $663,040 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 68-0138865).
Questions about CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION
- What is the EIN of CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION?
- The employer identification number (EIN) of CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION is 68-0138865.
- Is CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1988.
- Are donations to CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION 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 CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION 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 CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION 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 CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 names LARE BLOODWORTH.
- Who are the officers and directors of CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CALIFORNIA SCHOOL BOARDS ASSN FINANCE CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $138,053, expenses of $201,181 and total assets of $466,979 at year end.
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