Civic Intelligence

Los Angeles County Schools Regionalized Business Services Corp

990 • Fiscal year 2019 • EIN 95-4038658

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 15, 2020

Organization ProfileN/A
9300 East Imperial HighwayDowney, CA 90242

(562) 922-6144

Siviq Scores

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

Liabilities / Assets

95th percentile

1.03x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

25.13x

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

2019 filings • $100M-$250M nonprofits • Source year 2019

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2019 filings • $100M-$250M nonprofits • Source year 2019

Asset Growth

4th percentile

-11%

Faster asset growth than 4% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-7.5%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$127,371,195

Down $15,188,350 (-11%) from 2018

Net Assets

Up

-$3,212,109

Up $569,082 (+15%) from 2018

Liabilities

Down

$130,583,304

Down $15,757,432 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin66th percentile

Revenue

Down

$5,196,618

Down $419,189 (-7.5%) from 2018

Expenses

Down

$4,627,536

Down $516,243 (-10%) from 2018

Net Income

Up

$569,082

Up $97,054 (+21%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$300M$200M$100M$0-$100MAssets 2012: $169,322,306Liabilities 2012: $167,752,975Net Assets 2012: $1,569,3312012Assets 2013: $155,550,745Liabilities 2013: $154,011,910Net Assets 2013: $1,538,8352013Assets 2014: $152,757,982Liabilities 2014: $151,201,677Net Assets 2014: $1,556,3052014Assets 2015: $247,313,910Liabilities 2015: $252,303,887Net Assets 2015: -$4,989,9772015Assets 2016: $222,415,672Liabilities 2016: $226,879,575Net Assets 2016: -$4,463,9032016Assets 2017: $175,688,611Liabilities 2017: $179,941,830Net Assets 2017: -$4,253,2192017Assets 2018: $142,559,545Liabilities 2018: $146,340,736Net Assets 2018: -$3,781,1912018Assets 2019: $127,371,195Liabilities 2019: $130,583,304Net Assets 2019: -$3,212,1092019Assets 2020: $136,428,398Liabilities 2020: $141,356,492Net Assets 2020: -$4,928,0942020Assets 2021: $242,437,757Liabilities 2021: $254,653,285Net Assets 2021: -$12,215,5282021Assets 2022: $220,744,015Liabilities 2022: $230,183,046Net Assets 2022: -$9,439,0312022Assets 2023: $205,869,854Liabilities 2023: $214,279,950Net Assets 2023: -$8,410,0962023Assets 2024: $163,002,409Liabilities 2024: $170,726,082Net Assets 2024: -$7,723,6732024Assets 2025: $131,780,652Liabilities 2025: $138,718,768Net Assets 2025: -$6,938,1162025

Highlighted filing

2019

Assets$127,371,195
Liabilities$130,583,304
Net Assets-$3,212,109
Open 2019 Filing

Operations Trend

Revenue Growth20th percentile

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

$20M$10M$0-$10MExpenses 2012: $6,628,3282012Expenses 2013: $6,428,4282013Revenue 2014: $5,264,077Expenses 2014: $5,246,607Net Income 2014: $17,4702014Revenue 2015: $7,780,792Expenses 2015: $14,327,074Net Income 2015: -$6,546,2822015Revenue 2016: $6,524,246Expenses 2016: $5,998,172Net Income 2016: $526,0742016Revenue 2017: $3,789,864Expenses 2017: $3,579,181Net Income 2017: $210,6832017Revenue 2018: $5,615,807Expenses 2018: $5,143,779Net Income 2018: $472,0282018Revenue 2019: $5,196,618Expenses 2019: $4,627,536Net Income 2019: $569,0822019Revenue 2020: $5,468,856Expenses 2020: $7,184,841Net Income 2020: -$1,715,9852020Revenue 2021: $5,164,216Expenses 2021: $12,451,650Net Income 2021: -$7,287,4342021Revenue 2022: $6,235,442Expenses 2022: $3,458,945Net Income 2022: $2,776,4972022Revenue 2023: $5,826,287Expenses 2023: $4,797,352Net Income 2023: $1,028,9352023Revenue 2024: $5,554,340Expenses 2024: $4,867,917Net Income 2024: $686,4232024Revenue 2025: $3,212,105Expenses 2025: $2,426,548Net Income 2025: $785,5572025

Highlighted filing

2019

Revenue$5,196,618
Expenses$4,627,536
Net Income$569,082
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$5,196,618
Mission and Program Overview

Mission

To assist member school districts in the administration of tax-exempt bonds. To provide services necessary/appopriate for the establishment, operation and maintenance of regionalized business services and programs for public schools, community colleges, and lacoe.

To assist member school districts in the administration of tax exempt bond financing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,783,106$5,207,883▼ $1,575,223
Total Assets$142,559,545$127,371,195▼ $15,188,350
Other Assets Total$135,776,439$122,163,312▼ $13,613,127
Liabilities
Other Liabilities$100,109,956$89,459,434▼ $10,650,522
Deferred Revenue$31,236,249$26,400,261▼ $4,835,988
Accounts Payable and Accrued Expenses$14,994,531$14,723,609▼ $270,922
Total Liabilities$146,340,736$130,583,304▼ $15,757,432
Net Assets / Fund Balance
Unrestricted Net Assets$-3,781,191$-3,212,109▲ $569,082
Total Net Assets Fund Balance$-3,781,191$-3,212,109▲ $569,082
Total Liabilities and Net Assets / Fund Balance$142,559,545$127,371,195▼ $15,188,350

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,585,674--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Ms Julie BoucherPresident
Dr Anthony CulpepperVice President
Mr Keith CraftonExecutive Officer
Mr Frank OgazMember
Mr Mark EvansMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,140,238
Other Revenue
$56,380
Change in Net Assets
$569,082

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,196,618
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,196,618
Total Revenue per Form 990
$5,196,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,627,536
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$5,125,393--$5,125,393
Other Expenses$-569,083--$-569,083
Total Functional Expenses$4,627,536$0$0$4,627,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,627,536
Total Expenses per Audited Statements$4,627,536
Total Expenses per Form 990$4,627,536
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

Other Reported Liabilities

LiabilityAmount
Bonds Payable$79,322,870
Certificate Issuance Premium$5,155,016
Due to Districts$4,981,548
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

“The organization does not have an executive committee to act on behalf of the governing board.”

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

“A copy of form 990 is sent to all board members for review and approval prior to filing.”

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

“Officers and directors are required to annually disclose interests that could potentially result in conflicts. The board or designated committee reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action.”

Form 990, Part VI, Section C, Line 19

“Governing document, conflict of interest policy, and financial statements are available upon written request sent to the address on page 1.”

Filing and Contact Details

Filer

Filer Name
Los Angeles County Schools
EIN
95-4038658
Phone
5629226144
Address
9300 EAST IMPERIAL HIGHWAY, DOWNEY, CA 90242

Signing Officer

Name
Gerald Yarbrough
Title
Rbs Coordinator
Phone
5629226144
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Yarbrough
Formed
1985
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Timothy D Evans
Phone
6268577300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There were no changes to the review process.”

Financial Statement Notes

PART X, LINE 2:

“The corporation has evaluated its tax positions and the certainty as to whether those positions will be sustained in the event of an audit by taxing authorities at the federal and state levels. The primary tax positions evaluated are related to the corporation's continued qualification as a tax-exempt organization and whether there is unrelated business income activities conducted that would be taxable. Management has determined that all income tax positions are more likely than not (>50%) of being sustained upon potential audit or examination; therefore, no disclosures of uncertain income tax positions are required.”

Raw XML Appendix321 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt014994531
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014723609
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0GERALD YARBROUGH
IRS990/BooksInCareOfDetail/PhoneNum05629226144
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt09300 EAST IMPERIAL HWY DOWNEY CA
IRS990/BooksInCareOfDetail/USAddress/CityNm0LOS ANGELES
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd090242
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05140238
IRS990/CYOtherExpensesAmt04627536
IRS990/CYOtherRevenueAmt056380
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0569082
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt04627536
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05196618
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt031236249
IRS990/DeferredRevenueGrp/EOYAmt026400261
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE PURPOSE OF THE CORPORATION IS TO ADMINISTER THE ISSUANCE AND REPAYMENT OF BONDS ON BEHALF OF MEMBER PUBLIC SCHOOL DISTRICTS FOR ACQUISITION OF EQUIPMENT AND BUILDINGS CONSTRUCTION AND IMPROVEMENTS. IN 2018, THE CORPORATION GENERATED $5.14 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.5 MILLION STUDENTS THROUGHOUT THE 80 K-12 LA COUNTY SCHOOL DISTRICTS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04627536
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MS JULIE BOUCHER
IRS990/Form990PartVIISectionAGrp/PersonNm1DR ANTHONY CULPEPPER
IRS990/Form990PartVIISectionAGrp/PersonNm2MR FRANK OGAZ
IRS990/Form990PartVIISectionAGrp/PersonNm3MR MARK EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm4MR KEITH CRAFTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05196618
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt05125393
IRS990/InterestGrp/TotalAmt05125393
IRS990/InvestmentIncomeGrp/ExclusionAmt05140238
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05140238
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06783106
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05207883
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BONDS. TO PROVIDE SERVICES NECESSARY AND APPOPRIATE FOR THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF REGIONALIZED BUSINESS SERVICES AND PROGRAMS FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND THE LOS ANGELES COUNTY OFFICE OF EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-3781191
IRS990/NetAssetsOrFundBalancesEOYAmt0-3212109
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0135776439
IRS990/OtherAssetsTotalGrp/EOYAmt0122163312
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REFUNDS TO SCHOOL DISTR
IRS990/OtherExpensesGrp/Desc1AMORTIZATION, NET
IRS990/OtherExpensesGrp/ProgramServicesAmt071226
IRS990/OtherExpensesGrp/ProgramServicesAmt1-569083
IRS990/OtherExpensesGrp/TotalAmt071226
IRS990/OtherExpensesGrp/TotalAmt1-569083
IRS990/OtherLiabilitiesGrp/BOYAmt0100109956
IRS990/OtherLiabilitiesGrp/EOYAmt089459434
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0PAYMENTS FROM DISTRICTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt056380
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt056380
IRS990/OtherRevenueTotalAmt056380
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GERALD YARBROUGH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05475538
IRS990/PYOtherExpensesAmt05143779
IRS990/PYOtherRevenueAmt0140269
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0472028
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05143779
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05615807
IRS990/ReconcilationRevenueExpnssAmt0569082
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt056380
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04627536
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01560323
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1382586
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2118634729
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31585674
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ISSUANCE COST, NET OF AMORTIZATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1UNDERWRITER DISCOUNT, NET OF AMORTIZ
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LEASES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM DISTRICTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05155016
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt179322870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24981548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CERTIFICATE ISSUANCE PREMIUM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO DISTRICTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05196618
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE CORPORATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE IS UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0122163312
IRS990ScheduleD/TotalExpensesPerForm990Amt04627536
IRS990ScheduleD/TotalLiabilityAmt089459434
IRS990ScheduleD/TotalRevenuePerForm990Amt05196618
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05196618
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04627536
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE AN EXECUTIVE COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD POTENTIALLY RESULT IN CONFLICTS. THE BOARD OR DESIGNATED COMMITTEE REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST SENT TO THE ADDRESS ON PAGE 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE WERE NO CHANGES TO THE REVIEW PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0142559545
IRS990/TotalAssetsEOYAmt0127371195
IRS990/TotalAssetsGrp/BOYAmt0142559545
IRS990/TotalAssetsGrp/EOYAmt0127371195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04627536
IRS990/TotalFunctionalExpensesGrp/TotalAmt04627536
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0146340736
IRS990/TotalLiabilitiesEOYAmt0130583304
IRS990/TotalLiabilitiesGrp/BOYAmt0146340736
IRS990/TotalLiabilitiesGrp/EOYAmt0130583304
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3781191
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-3212109
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04627536
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05140238
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056380
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05196618
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0142559545
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0127371195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3781191
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-3212109
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09300 EAST IMPERIAL HIGHWAY
IRS990/USAddress/CityNm0DOWNEY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090242
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD YARBROUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0RBS COORDINATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05629226144
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LOS ANGELES COUNTY SCHOOLS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0REGIONAL BUSINESS SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0LOSA
ReturnHeader/Filer/EIN0954038658
ReturnHeader/Filer/PhoneNum05629226144
ReturnHeader/Filer/USAddress/AddressLine1Txt09300 EAST IMPERIAL HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0DOWNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090242
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0429DCE63FC0A10B460FFC8007D8F0B6F7E018286
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-01-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm016:30:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY D EVANS
ReturnHeader/ReturnTs02020-03-11T10:40:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$127,371,195
Liabilities
$130,583,304
Net assets
-$3,212,109
Revenue
$5,196,618
Expenses
$4,627,536
Net income
$569,082
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$132$139$6.94$3.21$2.43$0.79
2024Detailed filing. Detailed filing data is available for this year.$163$171$7.72$5.55$4.87$0.69
2023Detailed filing. Detailed filing data is available for this year.$206$214$8.41$5.83$4.80$1.03
2022Detailed filing. Detailed filing data is available for this year.$221$230$9.44$6.24$3.46$2.78
2021Detailed filing. Detailed filing data is available for this year.$242$255$12.2$5.16$12.5$7.29
2020Detailed filing. Detailed filing data is available for this year.$136$141$4.93$5.47$7.18$1.72
2019Detailed filing. Detailed filing data is available for this year.$127$131$3.21$5.20$4.63$0.57
2018Detailed filing. Detailed filing data is available for this year.$143$146$3.78$5.62$5.14$0.47
2017Detailed filing. Detailed filing data is available for this year.$176$180$4.25$3.79$3.58$0.21
2016Detailed filing. Detailed filing data is available for this year.$222$227$4.46$6.52$6.00$0.53
2015Detailed filing. Detailed filing data is available for this year.$247$252$4.99$7.78$14.3$6.55
2014Detailed filing. Detailed filing data is available for this year.$153$151$1.56$5.26$5.25$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$156$154$1.54$6.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$169$168$1.57$6.63