Civic Intelligence

California Power Exchange Corporation

EIN 95-4640368 • 501(c)4 • Woodland Hills, CA

Profile

See the attached Summary Note.

21650 Oxnard Street 500Woodland Hills, CA 91367

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

30th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)4 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

10%

Higher net margin than 53% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

97th percentile

$390,221

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)4 • $1M-$5M nonprofits • Source year 2022

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

83rd percentile

56%

Faster revenue growth than 83% of similar nonprofits.

501(c)4 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $6,197,293 (-100%) from 2021

Liabilities

Down

$0

Down $6,537,801 (-100%) from 2021

Net Assets

Up

$0

Up $340,508 (+100%) from 2021

Revenue

Up

$3,355,148

Up $1,204,502 (+56%) from 2021

Expenses

Up

$3,014,640

Up $412,947 (+16%) from 2021

Net Income

Up

$340,508

Up $791,555 (+175%) from 2021

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,251,669Liabilities 2011: $1,251,669Net Assets 2011: $02011Assets 2012: $820,816Liabilities 2012: $820,816Net Assets 2012: $02012Assets 2013: $751,792Liabilities 2013: $751,792Net Assets 2013: $02013Assets 2014: $507,055Liabilities 2014: $507,055Net Assets 2014: $02014Assets 2015: $655,288Liabilities 2015: $655,288Net Assets 2015: $02015Assets 2016: $1,321,322Liabilities 2016: $1,321,322Net Assets 2016: $02016Assets 2017: $1,232,372Liabilities 2017: $1,232,372Net Assets 2017: $02017Assets 2018: $1,387,919Liabilities 2018: $1,387,919Net Assets 2018: $02018Assets 2019: $1,036,064Liabilities 2019: $1,036,064Net Assets 2019: $02019Assets 2020: $1,403,864Liabilities 2020: $1,403,864Net Assets 2020: $02020Assets 2021: $6,197,293Liabilities 2021: $6,537,801Net Assets 2021: -$340,5082021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,908,433Expenses 2011: $2,955,231Net Income 2011: -$46,7982011Revenue 2012: $3,027,912Expenses 2012: $3,342,697Net Income 2012: -$314,7852012Revenue 2013: $2,800,901Expenses 2013: $2,786,279Net Income 2013: $14,6222013Revenue 2014: $2,722,305Expenses 2014: $3,214,326Net Income 2014: -$492,0212014Revenue 2015: $3,315,036Expenses 2015: $3,342,179Net Income 2015: -$27,1432015Revenue 2016: $2,598,263Expenses 2016: $2,607,670Net Income 2016: -$9,4072016Revenue 2017: $2,630,245Expenses 2017: $2,617,606Net Income 2017: $12,6392017Revenue 2018: $2,622,548Expenses 2018: $2,601,505Net Income 2018: $21,0432018Revenue 2019: $2,782,698Expenses 2019: $2,773,569Net Income 2019: $9,1292019Revenue 2020: $2,719,436Expenses 2020: $2,790,454Net Income 2020: -$71,0182020Revenue 2021: $2,150,646Expenses 2021: $2,601,693Net Income 2021: -$451,0472021Revenue 2022: $3,355,148Expenses 2022: $3,014,640Net Income 2022: $340,5082022

Highlighted filing

2022

Revenue$3,355,148
Expenses$3,014,640
Net Income$340,508

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Nov 8, 2022
Signed
Apr 18, 2023
Return Version
2022v5.0
Gross Receipts
$3,355,148
Mission and Program Overview

Mission

See the attached Summary Note.

See the attached Summary Note

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,116,541$0▼ $6,116,541
Cash and Non-Interest-Bearing Accounts$65,000$0▼ $65,000
Prepaid Expenses and Deferred Charges$15,752$0▼ $15,752
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-340,508$0▲ $340,508
Total Assets$6,197,293$0▼ $6,197,293
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$6,171,601$0▼ $6,171,601
Accounts Payable and Accrued Expenses$366,200$0▼ $366,200
Other Liabilities$0$0→ $0
Total Liabilities$6,537,801$0▼ $6,537,801
Net Assets / Fund Balance
Total Net Assets Fund Balance$-340,508$0▲ $340,508
Total Liabilities and Net Assets / Fund Balance$6,197,293$0▼ $6,197,293
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Director of OperationsFT$378,514$11,707$390,221
-Man. Direct. of Legal/reg.FT$242,396$12,481$254,877
-ControllerFT$111,779$5,487$117,266
-Chairperson of the Board-$36,500-$36,500

Board Members and Trustees

NameTitle
-Board Member
-Interim C.e.o.
-Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
D Gottlieb Associates LLCConsulting16255 Ventura BlvdSuite 440, Encino, CA 91436$240,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,350,677
Investment Income
$4,471
Other Revenue
$0
Change in Net Assets
$340,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,470,005
Salaries, Compensation, and Employee Benefits$544,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$1,444,536--$1,444,536
Other Salaries and Wages$336,269--$336,269
Fees for Services Management-$310,096-$310,096
All Other Expenses$265,150$0$0$265,150
Fees for Services Legal$114,120--$114,120
Other Employee Benefits$81,503--$81,503
Current Officers, Directors, Trustees, and Key Employees-$63,500-$63,500
Occupancy$46,539--$46,539
Payroll Taxes$32,292--$32,292
Pension Plan Contributions$31,071--$31,071
Fees for Services Accounting$25,416--$25,416
Office Expenses$17,322--$17,322
Information Technology$9,716--$9,716
Travel$2,807--$2,807
Conferences and Meetings$369--$369
Other Expenses$200--$200
Total Functional Expenses$2,641,044$373,596$0$3,014,640
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity more than 35% owned by David Gottlieb, Interim CEOBankruptcy court ordered consulting feeNo$240,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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, Line 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL

The organization does not compensate the organization's top management official, therefore this question has intentionally been answered no.

Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES

ALL SALARIES ARE REVIEWED BY THE Interim CEO. CURRENT EMPLOYEES ARE ACCORDED ANNUAL COST OF LIVING INCREASES PURSUANT TO THE CPI FOR LOS ANGELES. SALARY RAISES ARE REVIEWED BY THE BOARD AND Include USE OF COMPARABILITY DATA, THE BASIS FOR ANY RECOMMENDATION, AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

THERE ARE NO COMMITTEES. THE GOVERNING BODY ITSELF MAKES ALL DECISIONS, therefore this question has intentionally been answered no.

Form 990, Part VI, Line 11B Review of form 990 by governing body

THE GOVERNING BODY REVIEWS THE FORM 990 prior to filing with the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

Applicable law imposes on each member (individually, a "Member and collectively, the "Members") of the Board of Directors (the "Board") of Reorganized California Power Exchange Corporation, a California non-profit corporation (the "Company"), a fiduciary duty to the Company, including duties of care and loyalty. Each Member shall promptly disclose all material facts relating to any Interested Matter as to which such Member is an Interested Member, or other matters involving facts and circumstances which could create the appearance of a conflict of interest, to the Board prior to any presentation, discussion or deliberation regarding such Interested Matter or such other matter. Notwithstanding the foregoing, a Member shall not be required to disclose facts or materials if to do so would require him or her to violate a fiduciary, contractual or other obligation owed to, or a work product, attorney-client or other privilege held by, one or more third parties (including his or her Affiliates), provided the Member promptly discloses to the Board the fact that he or she is in possession of such information or materials which cannot be disclosed and that are relevant to the Interested Matter. All Members, recognizing their duties and obligations to the Company, shall have the right to be present at, and participate in presentations, discussions and deliberations, and to receive materials with respect to all Matters coming before the Board, except as otherwise provided herein or in the Bylaws. The Board may determine to exclude one or more Interested Members from final deliberations (as opposed to discussions and/or presentations) and/or from voting with respect to any Interested Matter and/or from receiving Confidential Information and/or Privileged Information with respect to an Interested Matter, if it is determined by the Board, with the advice of counsel to the Company and excluding the vote of the Member(s) in question, that the circumstances create in whole or in part an Interested Matter or the appearance thereof and the determination to exclude is due to the deliberations and/or voting being so sensitive or privileged in light of the excluded Member's facts and circumstances that exclusion of the Member(s) as an Interested Member is warranted under all of the circumstances. Each Member is nonetheless encouraged, in such Member's discretion, with notice and disclosure of the relevant material facts to the Board, to recuse himself or herself from the presentations, discussions and deliberations, receipt of materials and/or voting with respect to any Matter, if such Member determines that his or her participation may create in whole or in part an Interested Matter or the appearance thereof. Any such refusal shall be documented in the minutes of the meeting.

Form 990, Part VI, Line 19 Required documents available to the public

Provided upon request. Sent out by mail, e-mail and fax.

Filing and Contact Details

Filer

Filer Name
California Power Exchange Corporation
EIN
95-4640368
Phone
6266859840
Address
21650 Oxnard Street 500, Woodland Hills, CA 91367

Signing Officer

Name
David K Gottlieb
Title
Interim CEO
Signed
2023-04-18
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
4
Volunteers
5

Preparer

Firm
Crowe Llp
Address
575 Market Street Suite 3300, San Francisco, CA 94105-5829
Preparer
Diane Kirmaci
Phone
4155761100
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IRS990/OtherExpensesGrp/Desc0CONSULTANT AND TEMPORARY LAB
IRS990/OtherExpensesGrp/Desc1TRUSTEE FEES
IRS990/OtherExpensesGrp/Desc2PAYROLL SERVICES
IRS990/OtherExpensesGrp/Desc3Taxes and Licenses
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IRS990/OtherExpensesGrp/ProgramServicesAmt12374
IRS990/OtherExpensesGrp/ProgramServicesAmt2922
IRS990/OtherExpensesGrp/ProgramServicesAmt3200
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IRS990/OtherExpensesGrp/TotalAmt3200
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IRS990/PayrollTaxesGrp/ProgramServicesAmt032292
IRS990/PayrollTaxesGrp/TotalAmt032292
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031071
IRS990/PensionPlanContributionsGrp/TotalAmt031071
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015752
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0David K Gottlieb
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0FERC Settlement
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IRS990/PYSalariesCompEmpBnftPaidAmt01268767
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IRS990/PYTotalRevenueAmt02150646
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt03350677
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06116541
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1242396
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0LAWRENCE R CONN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1SUSAN D ROSSI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010969
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt111753
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0738
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt1728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR OF OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MAN. DIRECT. OF LEGAL/REG.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0390221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1254877
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0D GOTTLIEB ASSOCIATES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Entity more than 35% owned by David Gottlieb, Interim CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0240000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Bankruptcy court ordered consulting fee
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Compensation
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1Fees for services
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2Office Expenses
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3Insurance
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4other expenses
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-11-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12022-11-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22022-11-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32022-11-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42022-11-08
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0544636
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1680069
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt273577
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt31444536
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt4265150
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0actual cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1actual cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2actual cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3actual cost
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4actual cost
IRS990ScheduleN/OwnerOfSuccessorInd0false
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IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization does not compensate the organization's top management official, therefore this question has intentionally been answered no.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL SALARIES ARE REVIEWED BY THE Interim CEO. CURRENT EMPLOYEES ARE ACCORDED ANNUAL COST OF LIVING INCREASES PURSUANT TO THE CPI FOR LOS ANGELES. SALARY RAISES ARE REVIEWED BY THE BOARD AND Include USE OF COMPARABILITY DATA, THE BASIS FOR ANY RECOMMENDATION, AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES. THE GOVERNING BODY ITSELF MAKES ALL DECISIONS, therefore this question has intentionally been answered no.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY REVIEWS THE FORM 990 prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Applicable law imposes on each member (individually, a "Member and collectively, the "Members") of the Board of Directors (the "Board") of Reorganized California Power Exchange Corporation, a California non-profit corporation (the "Company"), a fiduciary duty to the Company, including duties of care and loyalty. Each Member shall promptly disclose all material facts relating to any Interested Matter as to which such Member is an Interested Member, or other matters involving facts and circumstances which could create the appearance of a conflict of interest, to the Board prior to any presentation, discussion or deliberation regarding such Interested Matter or such other matter. Notwithstanding the foregoing, a Member shall not be required to disclose facts or materials if to do so would require him or her to violate a fiduciary, contractual or other obligation owed to, or a work product, attorney-client or other privilege held by, one or more third parties (including his or her Affiliates), provided the Member promptly discloses to the Board the fact that he or she is in possession of such information or materials which cannot be disclosed and that are relevant to the Interested Matter. All Members, recognizing their duties and obligations to the Company, shall have the right to be present at, and participate in presentations, discussions and deliberations, and to receive materials with respect to all Matters coming before the Board, except as otherwise provided herein or in the Bylaws. The Board may determine to exclude one or more Interested Members from final deliberations (as opposed to discussions and/or presentations) and/or from voting with respect to any Interested Matter and/or from receiving Confidential Information and/or Privileged Information with respect to an Interested Matter, if it is determined by the Board, with the advice of counsel to the Company and excluding the vote of the Member(s) in question, that the circumstances create in whole or in part an Interested Matter or the appearance thereof and the determination to exclude is due to the deliberations and/or voting being so sensitive or privileged in light of the excluded Member's facts and circumstances that exclusion of the Member(s) as an Interested Member is warranted under all of the circumstances. Each Member is nonetheless encouraged, in such Member's discretion, with notice and disclosure of the relevant material facts to the Board, to recuse himself or herself from the presentations, discussions and deliberations, receipt of materials and/or voting with respect to any Matter, if such Member determines that his or her participation may create in whole or in part an Interested Matter or the appearance thereof. Any such refusal shall be documented in the minutes of the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROVIDED UPON REQUEST. SENT OUT BY MAIL, E-MAIL AND FAX.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15a PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt06197293
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IRS990/TotalAssetsGrp/BOYAmt06197293
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00

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