Civic Intelligence

Value Schools Foundation

990 • Fiscal year 2018 • EIN 45-5233028

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.VALUESCHOOLS.COM
680 Wilshire Place No 315Los Angeles, CA 90005

(213) 388-8695

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

9.61x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

21st percentile

-3.6%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

24th percentile

-2.9%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

19%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$25,039,973

Down $737,631 (-2.9%) from 2017

Net Assets

Down

$2,677,056

Down $81,852 (-3.0%) from 2017

Liabilities

Down

$22,362,917

Down $655,779 (-2.8%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin21st percentile

Revenue

Up

$2,327,774

Up $378,314 (+19%) from 2017

Expenses

Up

$2,412,142

Up $570,665 (+31%) from 2017

Net Income

Down

-$84,368

Down $192,351 (-178%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2014: $18,133,775Liabilities 2014: $15,052,960Net Assets 2014: $3,080,8152014Assets 2015: $17,622,912Liabilities 2015: $14,530,904Net Assets 2015: $3,092,0082015Assets 2016: $17,058,051Liabilities 2016: $14,441,326Net Assets 2016: $2,616,7252016Assets 2017: $25,777,604Liabilities 2017: $23,018,696Net Assets 2017: $2,758,9082017Assets 2018: $25,039,973Liabilities 2018: $22,362,917Net Assets 2018: $2,677,0562018Assets 2019: $25,241,389Liabilities 2019: $22,646,448Net Assets 2019: $2,594,9412019Assets 2020: $25,528,456Liabilities 2020: $22,755,416Net Assets 2020: $2,773,0402020Assets 2021: $36,190,570Liabilities 2021: $31,688,408Net Assets 2021: $4,502,1622021Assets 2022: $37,084,101Liabilities 2022: $32,636,948Net Assets 2022: $4,447,1532022Assets 2023: $55,686,775Liabilities 2023: $50,993,916Net Assets 2023: $4,692,8592023Assets 2024: $54,632,028Liabilities 2024: $50,378,377Net Assets 2024: $4,253,6512024

Highlighted filing

2018

Assets$25,039,973
Liabilities$22,362,917
Net Assets$2,677,056
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $4,056,667Expenses 2014: $1,015,672Net Income 2014: $3,040,9952014Revenue 2015: $1,215,379Expenses 2015: $1,214,137Net Income 2015: $1,2422015Revenue 2016: $1,247,996Expenses 2016: $1,714,164Net Income 2016: -$466,1682016Revenue 2017: $1,949,460Expenses 2017: $1,841,477Net Income 2017: $107,9832017Revenue 2018: $2,327,774Expenses 2018: $2,412,142Net Income 2018: -$84,3682018Revenue 2019: $2,808,066Expenses 2019: $2,890,181Net Income 2019: -$82,1152019Revenue 2020: $3,532,687Expenses 2020: $3,354,588Net Income 2020: $178,0992020Revenue 2021: $5,076,003Expenses 2021: $3,346,881Net Income 2021: $1,729,1222021Revenue 2022: $4,234,349Expenses 2022: $4,289,358Net Income 2022: -$55,0092022Revenue 2023: $4,676,645Expenses 2023: $4,430,939Net Income 2023: $245,7062023Revenue 2024: $4,009,314Expenses 2024: $4,448,522Net Income 2024: -$439,2082024

Highlighted filing

2018

Revenue$2,327,774
Expenses$2,412,142
Net Income-$84,368
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,327,774
Mission and Program Overview

Mission

Value schools foundation facilitates the development of charter schools, to lease, own, manage, maitain and operate an educational institution, to provide charter school facilities and operational 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.

To support the development of charter schools through purchasing and owning school's facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,568,359$19,813,945▲ $2,245,586
Cash and Non-Interest-Bearing Accounts$7,097,656$3,115,631▼ $3,982,025
Savings and Temporary Cash Investments-$674,856-
Investments Other Securities$127,064$0▼ $127,064
Accounts Receivable-$61,306-
Prepaid Expenses and Deferred Charges$28,061$56,754▲ $28,693
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$25,777,604$25,039,973▼ $737,631
Other Assets Total$956,464$1,317,481▲ $361,017
Liabilities
Tax Exempt Bond Liabilities$19,757,941$20,085,913▲ $327,972
Other Liabilities$1,840,213$1,925,965▲ $85,752
Mortgage Notes Payable Secured by Investment Property$410,000$0▼ $410,000
Deferred Revenue$187,331$193,570▲ $6,239
Accounts Payable and Accrued Expenses$823,211$157,469▼ $665,742
Total Liabilities$23,018,696$22,362,917▼ $655,779
Net Assets / Fund Balance
Unrestricted Net Assets$2,693,808$2,656,956▼ $36,852
Temporarily Rstr Net Assets$65,100$20,100▼ $45,000
Total Net Assets Fund Balance$2,758,908$2,677,056▼ $81,852
Total Liabilities and Net Assets / Fund Balance$25,777,604$25,039,973▼ $737,631

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,171,771$1,538,477$15,710,248
Land$5,512,676-$5,512,676
Leasehold Improvements$129,498$20,758$150,256
Other Assets Org$1,317,481--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Rhonda HoffarthSecretary & Treasurer$135,960$135,960
David DoylePresident/CEO$135,706$135,706

Board Members and Trustees

NameTitle
Grant CambridgeChair
Geraldine JacobyFormer President/CEO
James BrayMember
Jody FoldesyMember
Juan BustamanteMember
MATT O'CONNORMember
Naya BlomMember
Tom LeveeMember
Vince GonzalesMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Del Amo ConstructionGeneral Contractor For Renovation Of 19223840 MADISON STREET, Torrence, CA 90505$2,879,383
Red Hook Capital Partners Iii LLCProject Managers For Renovation Of 19292120 EAST GRAND AVE SUITE 135, El Segundo, CA 90245$288,594
Byzantine LLCBuilding Lease965 W VENICE BLVD, Los Angeles, CA 90015$216,482
Revenue and Support

Revenue Composition

Contributions and Grants
$197,950
Program Service Revenue
$2,090,693
Investment Income
$39,131
Other Revenue
$0
All Other Contributions
$197,950
Change in Net Assets
$-84,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,327,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,516
Total Revenue per Audited Statements
$2,330,290
Total Revenue per Form 990
$2,327,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,273,068
Grants and Similar Amounts Paid$139,074
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,395,777--$1,395,777
Depreciation Depletion$449,898--$449,898
Occupancy$406,116--$406,116
Grants to Domestic Orgs$139,074--$139,074
Other Expenses$0$21,277-$21,277
Total Functional Expenses$2,390,865$21,277$0$2,412,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,412,142
Total Expenses per Audited Statements$2,412,142
Total Expenses per Form 990$2,412,142
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Value SchoolsLos Angeles, CA-Contribution to School$100,000
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Funds Reserve$988,615
Bond Interest Payable$515,738
Defered Rent Liability$249,914
Related Party Payable$171,698

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia School Finance Authority School Facility Revenue Bonds2013-08-08$12,870,000To acquire and construct the land and facilities for value schools
BCalifornia School Finance Authority School Facility Revenue Bonds2016-12-01$8,090,000To renovate facilities for value schools

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,870,000-$360,000$257,400
B$8,090,000--$40,450

Bond Financing Compliance

No rebate due
Yes
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with the authority to act upon the governing body.”

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

“The cfo reviews the return then sends the draft document to the board for their review and comments prior to filing.”

Form 990, Part VI, Section B, Line 12

“The organization is in the process of implementing a conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Value Schools Foundation
EIN
45-5233028
Phone
2133888695
Address
680 WILSHIRE PLACE NO 315, LOS ANGELES, CA 90005

Signing Officer

Name
David Doyle
Title
President/CEO
Phone
2133888695
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Doyle
Formed
2012
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
11

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick Debruyne CPA
Phone
6268577300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is a non-profit entity exempt from the payment of income taxes under internal revenue code section 501(c)(3) and california revenue and taxation code section 23701d. Accordingly, no provision has been made for income taxes. Management has determined that all income tax positions are more likely than not of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required. The foundation files informational returns in the u.s. Federal jurisdiction, and the state of california. The statue of limitations for federal and california state purposes is generally three and four years, respectively.”

Raw XML AppendixShowing 400 of 627 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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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt01395777
IRS990/InterestGrp/TotalAmt01395777
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt039131
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt039131
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0127064
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt06
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt017568359
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019813945
IRS990/LandBldgEquipCostOrOtherBssAmt021373180
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VALUE SCHOOLS FOUNDATION FACILITATES THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, MAITAIN AND OPERATE AN EDUCATIONAL INSTITUTION, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0410000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02758908
IRS990/NetAssetsOrFundBalancesEOYAmt02677056
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02516
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0406116
IRS990/OccupancyGrp/TotalAmt0406116
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0956464
IRS990/OtherAssetsTotalGrp/EOYAmt01317481
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021277
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/TotalAmt021277
IRS990/OtherLiabilitiesGrp/BOYAmt01840213
IRS990/OtherLiabilitiesGrp/EOYAmt01925965
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028061
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056754
IRS990/PrincipalOfficerNm0DAVID DOYLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02090693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02090693
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0438810
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012648
IRS990/PYOtherExpensesAmt01841477
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01498002
IRS990/PYRevenuesLessExpensesAmt0107983
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01841477
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01949460
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-84368
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02090693
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0674856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0197950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0438810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0275709
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0248319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03169255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04330043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039131
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012648
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04639
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0775
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0194
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt057387
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95580
IRS990ScheduleA/PublicSupportTotal170Amt04193384
IRS990ScheduleA/SubstantialContributorsTotAmt0136659
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0197950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0438810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0275709
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0248319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03169255
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04330043
IRS990ScheduleA/TotalSupportAmt04387430
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt014171771
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01538477
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015710248
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02412142
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05512676
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05512676
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0129498
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt020758
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0150256
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02516
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01317481
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0515738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1171698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2249914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3988615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERED RENT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3GRANT FUNDS RESERVE
IRS990ScheduleD/RevenueNotReportedAmt02516
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02327774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FOUNDATION FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019813945
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01317481
IRS990ScheduleD/TotalExpensesPerForm990Amt02412142
IRS990ScheduleD/TotalLiabilityAmt01925965
IRS990ScheduleD/TotalRevenuePerForm990Amt02327774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02330290
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02412142
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTRIBUTION TO SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VALUE SCHOOLS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0680 WILSHIRE PLACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090005
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt080075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GERALDINE JACOBY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt080075
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,039,973
Liabilities
$22,362,917
Net assets
$2,677,056
Revenue
$2,327,774
Expenses
$2,412,142
Net income
-$84,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.6$50.4$4.25$4.01$4.45$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.7$51.0$4.69$4.68$4.43$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.1$32.6$4.45$4.23$4.29$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.2$31.7$4.50$5.08$3.35$1.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$22.8$2.77$3.53$3.35$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.2$22.6$2.59$2.81$2.89$0.08
2018Detailed filing. Detailed filing data is available for this year.$25.0$22.4$2.68$2.33$2.41$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.8$23.0$2.76$1.95$1.84$0.11
2016Detailed filing. Detailed filing data is available for this year.$17.1$14.4$2.62$1.25$1.71$0.47
2015Detailed filing. Detailed filing data is available for this year.$17.6$14.5$3.09$1.22$1.21$0.00
2014Detailed filing. Detailed filing data is available for this year.$18.1$15.1$3.08$4.06$1.02$3.04