Civic Intelligence

Value Schools Foundation

990 • Fiscal year 2023 • EIN 45-5233028

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

Organization ProfileWWW.VALUESCHOOLS.COM
680 Wilshire Place 308Los Angeles, CA 90005

(213) 388-8695

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

10.90x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

57th percentile

5.3%

Higher net margin than 57% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$218,550

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

93rd percentile

50%

Faster asset growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$55,686,775

Up $18,602,674 (+50%) from 2022

Net Assets

Up

$4,692,859

Up $245,706 (+5.5%) from 2022

Liabilities

Up

$50,993,916

Up $18,356,968 (+56%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin57th percentile

Revenue

Up

$4,676,645

Up $442,296 (+10%) from 2022

Expenses

Up

$4,430,939

Up $141,581 (+3.3%) from 2022

Net Income

Up

$245,706

Up $300,715 (+547%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2023

Assets$55,686,775
Liabilities$50,993,916
Net Assets$4,692,859
Open 2023 Filing

Operations Trend

Revenue Growth64th 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

2023

Revenue$4,676,645
Expenses$4,430,939
Net Income$245,706
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$4,690,503
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$27,701,360$27,115,223▼ $586,137
Savings and Temporary Cash Investments$5,124,675$4,340,458▼ $784,217
Cash and Non-Interest-Bearing Accounts$1,210,356$2,051,138▲ $840,782
Accounts Receivable$77,367$0▼ $77,367
Prepaid Expenses and Deferred Charges$70,918$0▼ $70,918
Total Assets$37,084,101$55,686,775▲ $18,602,674
Other Assets Total$2,899,425$22,179,956▲ $19,280,531
Liabilities
Tax Exempt Bond Liabilities$28,465,278$28,275,983▼ $189,295
Other Liabilities$3,068,988$22,376,331▲ $19,307,343
Deferred Revenue$270,351$340,704▲ $70,353
Accounts Payable and Accrued Expenses$832,331$898▼ $831,433
Total Liabilities$32,636,948$50,993,916▲ $18,356,968
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,447,153$4,692,859▲ $245,706
Total Net Assets Fund Balance$4,447,153$4,692,859▲ $245,706
Total Liabilities and Net Assets / Fund Balance$37,084,101$55,686,775▲ $18,602,674

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,863,004$3,851,228$14,714,232
Buildings$10,739,543$608,901$11,348,444
Land$5,512,676-$5,512,676
Equipment$0$150,256$150,256
Other Assets Org$18,828,770--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleOtherTotal
Loreen RileyPresident/CEO$124,605$124,605

Board Members and Trustees

NameTitle
Grant CambridgeBoard Chair
David DoylePresident
Amanda SweeneyMember
Annie WuMember
James BrayMember
Jody FoldesyMember
Juan BustamanteMember
MATT O'CONNORMember
Naya BloomMember
Peter HildebrandtMember
Tom LeveeMember
Vince GonzalesMember
Rhonda HoffarthSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,331,266
Program Service Revenue
$3,200,795
Investment Income
$144,584
Other Revenue
$0
All Other Contributions
$1,331,266
Change in Net Assets
$245,706

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,676,645
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,676,645
Total Revenue per Form 990
$4,676,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,029,048
Grants and Similar Amounts Paid$401,891
Total Fundraising Expense$25,508
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,772,409--$1,772,409
Occupancy$1,330,066--$1,330,066
Depreciation Depletion$832,053--$832,053
Grants to Domestic Orgs$401,891--$401,891
Other Expenses$32,586$36,426$25,508$25,508
Total Functional Expenses$4,369,005$36,426$25,508$4,430,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,430,939
Total Expenses per Audited Statements$4,430,939
Total Expenses per Form 990$4,430,939
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Value SchoolsLos Angeles, CA501 (c) (3)Contribution to School$401,891
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou Lease Liability - Operating$20,054,131
Grant Funds Reserve$988,540
Bond Interest Payable$860,851
Related Party Payable$472,809

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
CCalifornia School Finance Authority School Facility Revenue Bonds2020-10-29$9,145,000To renovate 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-$950,000$257,400
C$9,145,000--$553,047
B$8,090,000-$125,000$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 35% controlled entity
No
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
No
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 on behalf of the governing body.”

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

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

Form 990, Part VI, Section B, Line 12

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

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 308, LOS ANGELES, CA 90005

Signing Officer

Name
David Doyle
Title
President
Phone
2133888695
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Marlen Gomez
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990. PART XII, LINE 2C:

“No changes in selection or oversight process from prior year.”

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 an exempt organization return and applicable unrelated business income tax returns in the u.s. Federal jurisdiction and with the california franchise tax board.”

Raw XML AppendixShowing 400 of 700 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/GrantsToDomesticOrgsGrp/TotalAmt0401891
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt023807
IRS990/GrossReceiptsAmt04690503
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt01772409
IRS990/InterestGrp/TotalAmt01772409
IRS990/InvestmentIncomeGrp/ExclusionAmt0134635
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0134635
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04610385
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027701360
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027115223
IRS990/LandBldgEquipCostOrOtherBssAmt031725608
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt013858
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, MAINTAIN 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/NetAssetsOrFundBalancesBOYAmt04447153
IRS990/NetAssetsOrFundBalancesEOYAmt04692859
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt09949
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt09949
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04447153
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04692859
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01330066
IRS990/OccupancyGrp/TotalAmt01330066
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02899425
IRS990/OtherAssetsTotalGrp/EOYAmt022179956
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt025508
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036426
IRS990/OtherExpensesGrp/ProgramServicesAmt032586
IRS990/OtherExpensesGrp/TotalAmt069012
IRS990/OtherExpensesGrp/TotalAmt125508
IRS990/OtherLiabilitiesGrp/BOYAmt03068988
IRS990/OtherLiabilitiesGrp/EOYAmt022376331
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt070918
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DAVID DOYLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03200795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03200795
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01000654
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0684547
IRS990/PYInvestmentIncomeAmt04013
IRS990/PYOtherExpensesAmt03604811
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03229682
IRS990/PYRevenuesLessExpensesAmt0-55009
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04289358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04234349
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0245706
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03200795
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05124675
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04340458
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REFUNDS/REIMBURSEMENTS - 2020 AMOUNT: $ 8,291.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01331266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01000654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02422122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01396901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0705879
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06856822
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0134635
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033184
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt067364
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0237837
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt013222903
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08291
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08291
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50220
IRS990ScheduleA/PublicSupportPY170Pct00.55140
IRS990ScheduleA/PublicSupportTotal170Amt03566904
IRS990ScheduleA/SubstantialContributorsTotAmt03289918
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01331266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01000654
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02422122
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01396901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0705879
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06856822
IRS990ScheduleA/TotalSupportAmt07102950
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt010739543
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0608901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011348444
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0150256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0150256
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04430939
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05512676
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05512676
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010863004
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03851228
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014714232
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03310742
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140444
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218828770
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ROU LEASE ASSET - OPERATING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0860851
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1472809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2988540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt320054131
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2GRANT FUNDS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ROU LEASE LIABILITY - OPERATING
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04676645
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 AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027115223
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022179956
IRS990ScheduleD/TotalExpensesPerForm990Amt04430939
IRS990ScheduleD/TotalLiabilityAmt022376331
IRS990ScheduleD/TotalRevenuePerForm990Amt04676645
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04676645
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04430939
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0401891
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTRIBUTION TO SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0VALUE SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0954813155
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0680 WILSHIRE PLACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090005
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,686,775
Liabilities
$50,993,916
Net assets
$4,692,859
Revenue
$4,676,645
Expenses
$4,430,939
Net income
$245,706
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
2023Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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