Civic Intelligence

Corelink Facilities Foundation

EIN 88-0870089 • Irvine, CA

Pub. 78 Eligible990-N CoverageNTEE L20

Profile

Dedicated to fostering community development, advancing education, and alleviating the burdens of government. Our mission is to create meaningful and sustainable solutions through strategic partnerships by developing facilities and services across diverse sectors, we strive to address critical community needs and drive positive change.

530 Technology Drive Suite 100Irvine, CA 92618

www.corelinkfoundation.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$102,995,473

No earlier filing loaded for comparison.

Liabilities

$103,478,254

No earlier filing loaded for comparison.

Net Assets

-$482,781

No earlier filing loaded for comparison.

Operations

Revenue

$979,066

No earlier filing loaded for comparison.

Expenses

$1,504,782

No earlier filing loaded for comparison.

Net Income

-$525,716

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0-$50MAssets 2025: $102,995,473Liabilities 2025: $103,478,254Net Assets 2025: -$482,7812025

Highlighted filing

2025

Assets$102,995,473
Liabilities$103,478,254
Net Assets-$482,781

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2025: $979,066Expenses 2025: $1,504,782Net Income 2025: -$525,7162025

Highlighted filing

2025

Revenue$979,066
Expenses$1,504,782
Net Income-$525,716

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$103$103$0.48$0.98$1.50$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 25, 2026
Return Version
2025v4.0
Gross Receipts
$979,066
Mission and Program Overview

Mission

Dedicated to fostering community development, advancing education, and alleviating the burdens of government. Our mission is to create meaningful and sustainable solutions through strategic partnerships by developing facilities and services across diverse sectors, we strive to address critical community needs and drive positive change.

The foundation is dedicated to the relief of the impoverished, the ill, and the elderly: enhancing community development; supporting education: and lessening the burdens of government. The foundation's goal is to serve its charitable and educational mission primarily by partnering with public (governmental) entities and private, tax-exempt entities to develop a broad range of facilities and services in furtherance of its charitable purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$59,712,361-
Cash and Non-Interest-Bearing Accounts$6,100$157,006▲ $150,906
Accounts Receivable-$60,926-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-5,940$-482,781▼ $476,841
Total Assets$6,100$102,995,473▲ $102,989,373
Other Assets Total$0$43,065,180▲ $43,065,180
Liabilities
Tax Exempt Bond Liabilities$0$98,857,343▲ $98,857,343
Accounts Payable and Accrued Expenses$0$4,619,881▲ $4,619,881
Other Liabilities$12,040$1,030▼ $11,010
Total Liabilities$12,040$103,478,254▲ $103,466,214
Net Assets / Fund Balance
Total Net Assets Fund Balance$-5,940$-482,781▼ $476,841
Total Liabilities and Net Assets / Fund Balance$6,100$102,995,473▲ $102,989,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$41,287,936--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert KimPresident/treasurerFT$33,333$33,333
Daune CotterSecretaryFT$21,667$21,667

Board Members and Trustees

NameTitle
Steven N GarciaMember

Highest Paid Contractors

ContractorServicesLocationCompensation
CavignacInsurance Broker451 A STREET SUITE 1800, San Diego, CA 92618$1,213,444
Nixon Peabody LLPArchitect350 SOUTH MILLIKEN AVE SUITE G, Ontario, CA 71761$308,870
Kutak Rock LLPLegal ServicesONE CALIFORNIA PLAZA 300 SOUTH GRAN, Los Angeles, CA 90071$185,000
Best Best & Krieger LLPLegal ServicesPO BOX 30057, Omaha, NE 68103$184,000
-Legal Services3390 UNIVERSITY AVENUE 5TH FLOOR PO, Riverside, CA 92502$175,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$322,812
Investment Income
$655,504
Other Revenue
$750
Change in Net Assets
$-525,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,386,732
Salaries, Compensation, and Employee Benefits$118,050
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,362,841--$1,362,841
Current Officers, Directors, Trustees, and Key Employees$46,750$8,250-$55,000
Other Salaries and Wages$43,931$7,752-$51,683
Payroll Taxes$7,704$1,360-$9,064
Other Employee Benefits$1,958$345-$2,303
Insurance$1,612--$1,612
Occupancy$1,539--$1,539
Travel$1,436--$1,436
All Other Expenses$25$1,285-$1,310
Other Expenses$1,044--$1,044
Fees for Services Accounting-$575-$575
Fees for Services Legal-$345-$345
Office Expenses$56--$56
Total Functional Expenses$1,484,870$19,912$0$1,504,782
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
Credit Card Payable$1,030

Bond Issues

BondIssuerIssuedIssue PricePurpose
CCalifornia Municipal Finance Authority2025-08-21$26,645,000Acquisition, addition, and renovation of college building
BCalifornia Municipal Finance Authority2025-08-21$20,670,000Acquisition, addition, and renovation of college building
ACalifornia Municipal Finance Authority2025-08-21$16,195,000Acquisition, addition, and renovation of college building
DCalifornia Municipal Finance Authority2025-08-21$7,980,000Acquisition, addition, and renovation of college building
CCalifornia Municipal Finance Authority2025-08-21$2,410,000Acquisition, addition, and renovation of college building
BCalifornia Municipal Finance Authority2025-08-21$2,295,000Acquisition, addition, and renovation of college building
ACalifornia Municipal Finance Authority2025-08-21$2,185,000Acquisition, addition, and renovation of college building
DCalifornia Municipal Finance Authority2025-08-21$2,085,000Acquisition, addition, and renovation of college building
CCalifornia Municipal Finance Authority2025-08-21$1,985,000Acquisition, addition, and renovation of college building
BCalifornia Municipal Finance Authority2025-08-21$1,890,000Acquisition, addition, and renovation of college building
ACalifornia Municipal Finance Authority2025-08-21$1,800,000Acquisition, addition, and renovation of college building
DCalifornia Municipal Finance Authority2025-08-21$1,715,000Acquisition, addition, and renovation of college building
CCalifornia Municipal Finance Authority2025-08-21$1,630,000Acquisition, addition, and renovation of college building
BCalifornia Municipal Finance Authority2025-08-21$1,555,000Acquisition, addition, and renovation of college building
ACalifornia Municipal Finance Authority2025-08-21$1,480,000Acquisition, addition, and renovation of college building
DCalifornia Municipal Finance Authority2025-08-21$1,410,000Acquisition, addition, and renovation of college building
CCalifornia Municipal Finance Authority2025-08-21$1,345,000Acquisition, addition, and renovation of college building
BCalifornia Municipal Finance Authority2025-08-21$1,280,000Acquisition, addition, and renovation of college building
ACalifornia Municipal Finance Authority2025-08-21$1,220,000Acquisition, addition, and renovation of college building
DCalifornia Municipal Finance Authority2025-08-21$1,082,344Acquisition, addition, and renovation of college building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$26,645,000--$479,861
B$20,670,000--$372,255
A$16,195,000--$291,663
D$7,980,000--$143,715
C$2,410,000--$43,403
B$2,295,000--$41,332
A$2,185,000--$39,351
D$2,085,000--$37,550
C$1,985,000--$35,749
B$1,890,000--$34,038
A$1,800,000--$32,417
D$1,715,000--$30,886
C$1,630,000--$29,355
B$1,555,000--$28,005
A$1,480,000--$26,654
D$1,410,000--$25,393
C$1,345,000--$24,223
B$1,280,000--$23,052
A$1,220,000--$21,972
D$1,082,343--$19,492

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
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
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

The board members will review the form 990 prior to submission.

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

The conflict of interest is signed off on annually and enforced by ensuring that any individual with a conflict does not participate in the related decision-making process.

Form 990, Part VI, Section B, Line 15

The organization used comparability data and the board of directors approved the officers compensation.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Corelink Facilities Foundation
EIN
88-0870089
Phone
7148552224
Address
530 TECHNOLOGY DRIVE SUITE 100, IRVINE, CA 92618

Signing Officer

Name
Daune Cotter
Title
Controller
Phone
7148552224
Signed
2026-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daune Cotter
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
1
Employees
4
Volunteers
0

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
200 S BISCAYNE BLVD FLOOR 7, MIAMI, FL 33131
Preparer
Adam Cohen
Phone
3053797000
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IRS990/PYRevenuesLessExpensesAmt0-2005
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-525716
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0979066
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-5940
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-482781
IRS990/SavingsAndTempCashInvstGrp/EOYAmt059712361
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0655504
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0655504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0322812
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0322812
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0655504
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0655504
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0322812
IRS990ScheduleA/Total509Grp/TotalAmt0322812
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0978316
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141287936
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOND ISSUANCE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROJECT DEVELOPMENT COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt043065180
IRS990ScheduleD/TotalLiabilityAmt01030
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd15D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd16A
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd20
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd120
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd160
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd170
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd180
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd190
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd18C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd19D
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd50
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd60
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd70
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd80
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd190
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd190
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd20
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd30
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd40

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