Civic Intelligence

Inland Empire Public Facilities Corp

EIN 33-0197983 • 501(c)4 • San Bernardino, CA

Profile

Financing, refinancing, acquiring, constructing, improving and leasing capital improvement projects for the benefit of the county of san bernardino

385 N Arrowhead Ave Second FloorSan Bernardino, CA 92415

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.95x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

21.89x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Net Margin

16th percentile

-28%

Higher net margin than 16% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$447,101

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-17%

Faster revenue growth than 11% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Down

$227,201,820

Down $67,150,961 (-23%) from 2020

Liabilities

Down

$214,838,075

Down $61,690,704 (-22%) from 2020

Net Assets

Down

$12,363,745

Down $5,460,257 (-31%) from 2020

Revenue

Up

$9,352,202

Up $4,558,551 (+95%) from 2020

Expenses

Down

$12,237,679

Down $8,741,609 (-42%) from 2020

Net Income

Up

-$2,885,477

Up $13,300,160 (+82%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0-$200MAssets 2010: $676,287,069Liabilities 2010: $690,712,339Net Assets 2010: -$14,425,2702010Assets 2013: $496,757,731Liabilities 2013: $467,306,054Net Assets 2013: $29,451,6772013Assets 2014: $500,364,022Liabilities 2014: $472,137,533Net Assets 2014: $28,226,4892014Assets 2015: $477,115,844Liabilities 2015: $445,858,249Net Assets 2015: $31,257,5952015Assets 2016: $452,617,510Liabilities 2016: $424,801,845Net Assets 2016: $27,815,6652016Assets 2017: $418,413,779Liabilities 2017: $389,115,500Net Assets 2017: $29,298,2792017Assets 2018: $396,429,816Liabilities 2018: $365,140,020Net Assets 2018: $31,289,7962018Assets 2019: $373,894,413Liabilities 2019: $339,884,774Net Assets 2019: $34,009,6392019Assets 2020: $294,352,781Liabilities 2020: $276,528,779Net Assets 2020: $17,824,0022020Assets 2022: $227,201,820Liabilities 2022: $214,838,075Net Assets 2022: $12,363,7452022

Highlighted filing

2022

Assets$227,201,820
Liabilities$214,838,075
Net Assets$12,363,745

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $41,081,3132010Expenses 2013: $32,859,8172013Revenue 2014: $31,092,459Expenses 2014: $27,386,714Net Income 2014: $3,705,7452014Revenue 2015: $29,333,851Expenses 2015: $25,942,455Net Income 2015: $3,391,3962015Revenue 2016: $26,894,135Expenses 2016: $30,588,293Net Income 2016: -$3,694,1582016Revenue 2017: $25,626,539Expenses 2017: $22,588,437Net Income 2017: $3,038,1022017Revenue 2018: $24,255,424Expenses 2018: $21,034,367Net Income 2018: $3,221,0572018Revenue 2019: $22,639,115Expenses 2019: $19,752,304Net Income 2019: $2,886,8112019Revenue 2020: $4,793,651Expenses 2020: $20,979,288Net Income 2020: -$16,185,6372020Revenue 2022: $9,352,202Expenses 2022: $12,237,679Net Income 2022: -$2,885,4772022

Highlighted filing

2022

Revenue$9,352,202
Expenses$12,237,679
Net Income-$2,885,477

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.1
Gross Receipts
$22,639,115
Mission and Program Overview

Mission

Financing, refinancing, acquiring, constructing, improving and leasing capital improvement projects for the benefit of the county of san bernardino

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$47,461,398$47,402,474▼ $58,924
Total Assets$396,429,816$373,894,413▼ $22,535,403
Other Assets Total$348,968,418$326,491,939▼ $22,476,479
Liabilities
Tax Exempt Bond Liabilities$357,336,548$332,597,007▼ $24,739,541
Accounts Payable and Accrued Expenses$7,803,472$7,287,767▼ $515,705
Total Liabilities$365,140,020$339,884,774▼ $25,255,246
Net Assets / Fund Balance
Temporarily Rstr Net Assets$31,289,796$34,009,639▲ $2,719,843
Total Net Assets Fund Balance$31,289,796$34,009,639▲ $2,719,843
Total Liabilities and Net Assets / Fund Balance$396,429,816$373,894,413▼ $22,535,403

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$15,389,100--
Other Securities$47,402,474--
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$20,732,318
Investment Income
$1,906,797
Other Revenue
$0
Change in Net Assets
$2,886,811

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,639,115
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-166,968
Total Revenue per Audited Statements
$22,472,147
Total Revenue per Form 990
$22,639,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,752,304
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$17,520,758--$17,520,758
Other Expenses$2,231,546--$2,231,546
Total Functional Expenses$19,752,304$0$0$19,752,304

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,752,304
Total Expenses per Audited Statements$19,752,304
Total Expenses per Form 990$19,752,304
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASan Bernardino County2009-12-17$292,969,651Refunding cops health & hospital-2009 series a & b arrowhead

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$292,969,651--$2,457,351

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the 990 form is not provided to the governing board prior to filing. The chief financial officer will be reviewing the 990 prior to filing and copies will be provided to all the officers.

Form 990, Part VI, Section B, Line 12C

The governing board and high level officials are each required to file a form 700 as required by the fair political practices act, identifying sources of income and gifts in order to avoid a conflict of interest. In the event of an allegation of a conflict of interest, an investigation may be conducted and/or a referral to the public integrity unit of the district attorney may be made.

Form 990, Part VI, Section B, Line 15

With respect to compensation, the corporation's ceo and any other officers are members of the staff of san bernardino county. Compensation for high-level staff members may be set by contract (the county executive officer) or by ordinance (for any other officer positions.)and approval by the governing board of the county. With respect to the corporation, time is allocated to the corporation based upon the ceo's and other officer's time spent with respect to corporate duties.

Form 990, Part VI, Section C, Line 19

The required documents are available at the business address during normal business hours upon request

Filing and Contact Details

Filer

Filer Name
Inland Empire Public Facilities Corp
EIN
33-0197983
Phone
9093873843
Address
385 N ARROWHEAD AVE SECOND FLOOR, SAN BERNARDINO, CA 92415

Signing Officer

Name
Lynna Monell
Title
Secretary
Phone
9093873843
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynna Monell
Formed
1986
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray
Phone
9094664410
Raw XML AppendixShowing 400 of 514 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT LOVINGOOD-1ST DISTRICT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES RAMOS-3RD DISTRICT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CURT HAGMAN-4TH DISTRICT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JOSIE GONZALES-5TH DISTRICT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JANICE RUTHERFORD-2ND DIST FROM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5LAURA V WELCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6MATTHEW ERICKSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4MEMBER/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6CFO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0THE ISSUE DATE IS DECEMBER 17, 2009, HOWEVER ON THE 8038-G THE ISSUE DATE WAS ERRONEOUSLY ENTERED AS OCTOBER 17, 2009.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K PART I COLUMN (D) ROW A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02009-12-17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0956002748
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0796815YU6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0292969651
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SAN BERNARDINO COUNTY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUNDING COPS HEALTH & HOSPITAL-2009 SERIES A & B ARROWHEAD
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt0292969651
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 FORM IS NOT PROVIDED TO THE GOVERNING BOARD PRIOR TO FILING. THE CHIEF FINANCIAL OFFICER WILL BE REVIEWING THE 990 PRIOR TO FILING AND COPIES WILL BE PROVIDED TO ALL THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD AND HIGH LEVEL OFFICIALS ARE EACH REQUIRED TO FILE A FORM 700 AS REQUIRED BY THE FAIR POLITICAL PRACTICES ACT, IDENTIFYING SOURCES OF INCOME AND GIFTS IN ORDER TO AVOID A CONFLICT OF INTEREST. IN THE EVENT OF AN ALLEGATION OF A CONFLICT OF INTEREST, AN INVESTIGATION MAY BE CONDUCTED AND/OR A REFERRAL TO THE PUBLIC INTEGRITY UNIT OF THE DISTRICT ATTORNEY MAY BE MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WITH RESPECT TO COMPENSATION, THE CORPORATION'S CEO AND ANY OTHER OFFICERS ARE MEMBERS OF THE STAFF OF SAN BERNARDINO COUNTY. COMPENSATION FOR HIGH-LEVEL STAFF MEMBERS MAY BE SET BY CONTRACT (THE COUNTY EXECUTIVE OFFICER) OR BY ORDINANCE (FOR ANY OTHER OFFICER POSITIONS.)AND APPROVAL BY THE GOVERNING BOARD OF THE COUNTY. WITH RESPECT TO THE CORPORATION, TIME IS ALLOCATED TO THE CORPORATION BASED UPON THE CEO'S AND OTHER OFFICER'S TIME SPENT WITH RESPECT TO CORPORATE DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS ADDRESS DURING NORMAL BUSINESS HOURS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00

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