Civic Intelligence

Salinas Public Safety Facilities Inc

990 • Fiscal year 2019 • EIN 81-2653753

Jul 01, 2018 to Jun 30, 2019 • Filed on May 04, 2020

Organization ProfileN/A
1001 4th Avenue 3200Seattle, WA 98154

(206) 618-8864

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

60.49x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

1st percentile

-220%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

45th percentile

3.3%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-72%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$79,716,990

Up $2,513,581 (+3.3%) from 2018

Net Assets

Down

-$20,469

Down $2,895,202 (-101%) from 2018

Liabilities

Up

$79,737,459

Up $5,408,783 (+7.3%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$1,318,126

Down $3,433,026 (-72%) from 2018

Expenses

Up

$4,213,328

Up $2,336,909 (+125%) from 2018

Net Income

Down

-$2,895,202

Down $5,769,935 (-201%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$80M$60M$40M$20M$0-$20MAssets 2016: $0Net Assets 2016: $02016Assets 2018: $77,203,409Liabilities 2018: $74,328,676Net Assets 2018: $2,874,7332018Assets 2019: $79,716,990Liabilities 2019: $79,737,459Net Assets 2019: -$20,4692019Assets 2020: $74,542,464Liabilities 2020: $70,272,477Net Assets 2020: $4,269,9872020Assets 2021: $71,107,381Liabilities 2021: $65,342,199Net Assets 2021: $5,765,1822021Assets 2022: $58,513,292Liabilities 2022: $54,333,223Net Assets 2022: $4,180,0692022Assets 2023: $54,616,421Liabilities 2023: $51,003,165Net Assets 2023: $3,613,2562023Assets 2024: $50,652,481Liabilities 2024: $47,593,449Net Assets 2024: $3,059,0322024

Highlighted filing

2019

Assets$79,716,990
Liabilities$79,737,459
Net Assets-$20,469
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $02016Revenue 2018: $4,751,152Expenses 2018: $1,876,419Net Income 2018: $2,874,7332018Revenue 2019: $1,318,126Expenses 2019: $4,213,328Net Income 2019: -$2,895,2022019Revenue 2020: $8,084,831Expenses 2020: $3,794,375Net Income 2020: $4,290,4562020Revenue 2021: $6,357,794Expenses 2021: $4,862,599Net Income 2021: $1,495,1952021Revenue 2022: $2,964,772Expenses 2022: $2,946,169Net Income 2022: $18,6032022Revenue 2023: $2,338,636Expenses 2023: $2,905,449Net Income 2023: -$566,8132023Revenue 2024: $2,359,358Expenses 2024: $2,913,582Net Income 2024: -$554,2242024

Highlighted filing

2019

Revenue$1,318,126
Expenses$4,213,328
Net Income-$2,895,202
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 4, 2020
Return Version
2018v3.1
Gross Receipts
$1,318,126
Mission and Program Overview

Mission

Supporting organization to the city of salinas, california. The organization operates in support of the city of salinas by carrying out the following activities: (1) to assist in the erection and maintenance of public buildings, monuments, facilities, housing, or works; (2) to combat community deterioration and to carry out neighborhood revitalization and community economic development; (3) to promote social welfare and education through cooperative programs with governmental entities and charitable and other community organizations; (4) to undertake activities which lessen the burdens of government, and to carry on other charitable activities associated with the foregoing purposes as allowed by law.

The corporation was organized and is operating exclusively for such purposes andactivities as are permitted by section 501(c)(3) of the internal revenue code (the"code"), including but not limited to, the following purposes:1. To assist in the erection and maintenance of public building, monuments,facilities, housing, or works;2. To combat community deterioration and to carry out neighborhood revitalizationand community economic development;3. To promote social welfare and education through cooperative programs withgovernmental entities and charitable and other community organizations;4. To undertake activities which lessen the burdens of government; and5. To carry on other charitable activities associated with the foregoing purposesas allowed by law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,117,195$48,389,208▼ $28,727,987
Land, Buildings, and Equipment, Net-$31,233,057-
Prepaid Expenses and Deferred Charges$86,214$94,725▲ $8,511
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$77,203,409$79,716,990▲ $2,513,581
Other Assets Total-$0-
Liabilities
Other Liabilities$74,137,042$73,807,087▼ $329,955
Accounts Payable and Accrued Expenses$191,634$5,930,372▲ $5,738,738
Total Liabilities$74,328,676$79,737,459▲ $5,408,783
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,874,733--
Unrestricted Net Assets-$-20,469-
Total Net Assets Fund Balance$2,874,733$-20,469▼ $2,895,202
Total Liabilities and Net Assets / Fund Balance$77,203,409$79,716,990▲ $2,513,581

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$31,233,057-$31,233,057
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
John FinkePresident
Matt CalcavecchiaVice President
Erin BirkenkopfSect/Treasr/VP

Highest Paid Contractors

ContractorServicesLocationCompensation
Griffin Swinerton A Joint VentureProject Development2 TECHNOLOGY DRIVE SUITE 150, Irvine, CA 92618$25,519,382
Arthur J Gallagher & CoRisk Management1501 MARKET STREET SUITE 250, Tacoma, WA 98402$213,097
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,316,126
Other Revenue
$2,000
Change in Net Assets
$-2,895,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,318,126
Total Revenue per Audited Statements
$1,318,126
Total Revenue per Form 990
$1,318,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,213,328
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$2,640,645--$2,640,645
Insurance$118,744--$118,744
Fees for Services Accounting$27,500--$27,500
Fees for Services Legal$21,688--$21,688
Other Expenses$1,251--$1,251
Total Functional Expenses$4,213,328$0$0$4,213,328

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,213,328
Total Expenses per Audited Statements$4,213,328
Total Expenses per Form 990$4,213,328
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
Bonds Payable$73,807,087

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASalinas Public Facilities2018-06-28$48,825,000Construct police service hq
BSalinas Public Facilities2018-06-28$19,830,000Construct el gabilan library

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$53,872,562$192,269-$1,368,071
B$20,264,480$72,945-$433,168

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed and approved by the treasurer and president of the board.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each covered person shall sign a statement acknowledging that he or she has received a copy of the conflict of interest policy, has read and understands it, and agrees to comply with it. If the board of directors has reasonable cause to believe that a covered person has failed to comply with the policy, the board may counsel the covered person regarding such failure and, if the issue is not resolved to the board's satisfaction, may consider additional corrective action as appropriate.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Salinas Public Facilities Inc
EIN
81-2653753
Phone
2066188864
Address
1001 4TH AVENUE 3200, SEATTLE, WA 98154

Signing Officer

Name
John Finke
Title
President
Signed
2020-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Finke
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Simpson and Simpson CPAs
Address
633 W Fifth St Ste 3320, Los Angeles, CA 90071
Preparer
Melba Simpson
Phone
2137366664
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt086214
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt094725
IRS990/PrincipalOfficerNm0JOHN FINKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Revenue
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01876419
IRS990/PYProgramServiceRevenueAmt04751152
IRS990/PYRevenuesLessExpensesAmt02874733
IRS990/PYTotalExpensesAmt01876419
IRS990/PYTotalRevenueAmt04751152
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-2895202
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04751152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04751152
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt04751152
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04751152
IRS990ScheduleA/Total509Grp/TotalAmt04751152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04751152
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04751152
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt04213328
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt031233057
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031233057
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt073807087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01318126
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031233057
IRS990ScheduleD/TotalExpensesPerForm990Amt04213328
IRS990ScheduleD/TotalLiabilityAmt073807087
IRS990ScheduleD/TotalRevenuePerForm990Amt01318126
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01318126
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04213328
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-06-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12018-06-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0812653753
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1812653753
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum079488CAQ1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum179488CBV9
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt048825000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt119830000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SALINAS PUBLIC FACILITIES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1SALINAS PUBLIC FACILITIES
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT POLICE SERVICE HQ
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CONSTRUCT EL GABILAN LIBRARY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt019369665
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt17586263
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt01997590
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt1727507
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt01368071
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1433168
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0192269
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt172945
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt053872562
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt120264480
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt030944967
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt111444597
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER AND PRESIDENT OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH COVERED PERSON SHALL SIGN A STATEMENT ACKNOWLEDGING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS IT, AND AGREES TO COMPLY WITH IT. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT A COVERED PERSON HAS FAILED TO COMPLY WITH THE POLICY, THE BOARD MAY COUNSEL THE COVERED PERSON REGARDING SUCH FAILURE AND, IF THE ISSUE IS NOT RESOLVED TO THE BOARD'S SATISFACTION, MAY CONSIDER ADDITIONAL CORRECTIVE ACTION AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02874733
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt077203409
IRS990/TotalAssetsEOYAmt079716990
IRS990/TotalAssetsGrp/BOYAmt077203409
IRS990/TotalAssetsGrp/EOYAmt079716990
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04213328
IRS990/TotalFunctionalExpensesGrp/TotalAmt04213328
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074328676
IRS990/TotalLiabilitiesEOYAmt079737459
IRS990/TotalLiabilitiesGrp/BOYAmt074328676
IRS990/TotalLiabilitiesGrp/EOYAmt079737459

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,716,990
Liabilities
$79,737,459
Net assets
-$20,469
Revenue
$1,318,126
Expenses
$4,213,328
Net income
-$2,895,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$50.7$47.6$3.06$2.36$2.91$0.55
2023Detailed filing. Detailed filing data is available for this year.$54.6$51.0$3.61$2.34$2.91$0.57
2022Detailed filing. Detailed filing data is available for this year.$58.5$54.3$4.18$2.96$2.95$0.02
2021Detailed filing. Detailed filing data is available for this year.$71.1$65.3$5.77$6.36$4.86$1.50
2020Detailed filing. Detailed filing data is available for this year.$74.5$70.3$4.27$8.08$3.79$4.29
2019Detailed filing. Detailed filing data is available for this year.$79.7$79.7$0.02$1.32$4.21$2.90
2018Summary only. Only limited summary data is available for this year.$77.2$74.3$2.87$4.75$1.88$2.87
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00