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← COMMUNITY HIGH SCHOOL FOUNDATION INC

Form 990 for tax year 2022

Filed by COMMUNITY HIGH SCHOOL FOUNDATION INC.

Totals

Total revenue
$3,196,506
Total expenses
$3,669,101
Contributions and grants received
$85,000
Grants paid
$0
Program service revenue
$1,054,897
Investment income
$66,772
Other revenue
$1,989,837
Total assets, end of year
$55,804,546
Total liabilities, end of year
$33,532,719
Net assets or fund balances, end of year
$22,271,827
Program services expenses (Part IX)
$3,663,440
Management and general expenses
$5,661
Fundraising expenses
$0
Program service expenses (Part III)
$3,663,440

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $85,000

  • 2a · Program service revenue: SLTR TUITION

    total $1,054,897 · related or exempt $1,054,897

  • 3 · Investment income

    total $66,772 · excluded $66,772

  • 6a · Gross rents

    real property $1,989,837

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,989,837

  • 6d · Net rental income or loss

    total $1,989,837 · related or exempt $1,989,837

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $5,661 · management and general $5,661

  • 11g · Fees: other

    total $482,850 · program services $482,850

  • 16 · Occupancy

    total $577,960 · program services $577,960

  • 20 · Interest

    total $1,123,439 · program services $1,123,439

  • 22 · Depreciation, depletion and amortization

    total $1,330,617 · program services $1,330,617

  • 23 · Insurance

    total $11,532 · program services $11,532

  • 24a · Other expenses: MISC. OPERATING EXPENSE

    total $137,042 · program services $137,042

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,214,754 · end of year $662,667

  • 2 · Savings and temporary cash investments

    beginning of year $1,786,364 · end of year $1,817,244

  • 4 · Accounts receivable

    end of year $18,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,764 · end of year $1,562

  • 10a · Land, buildings and equipment: cost or other basis

    $47,476,580

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,885,160

  • 10c · Land, buildings and equipment, net

    beginning of year $42,922,037 · end of year $41,591,420

  • 15 · Other assets

    beginning of year $2,727,387 · end of year $11,713,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $498,123 · end of year $18,000

  • 19 · Deferred revenue

    beginning of year $268,489 · end of year $207,763

  • 20 · Tax-exempt bond liabilities

    beginning of year $23,451,483 · end of year $23,122,923

  • 25 · Other liabilities

    beginning of year $1,141,637 · end of year $10,184,033

  • 27 · Net assets without donor restrictions

    beginning of year $23,302,574 · end of year $22,271,827

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO SUPPORT THE OPERATIONS OF ALL SCHOOLS WITHIN THE CHARTER MANAGEMENT ORGANIZATION OF SUMMIT PUBLIC SCHOOLS AND THE SUMMIT INSTITUTE.

Activities or mission (Part I)

THE CHARITABLE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE OPERATIONS OF SUMMIT PUBLIC SCHOOLS.

  • SUPPORT ACTIVITES RELATED TO FACILITIES. FOR THE YEAR ENDED JUNE 30, 2023 THE ORGANIZATION LEASED THREE FACILITIES TO SUMMIT PUBLIC SCHOOLS TO SUPPORT ITS MISSION.

    Expenses $3,663,440 · Revenue $3,044,734

As filed on the 2022 return.

Listed in Part VII

  • Olga Pulido-Crowe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chris Kang

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Robyn Reiss

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Edward Lee

    CFO

    Total calculated
    $254,015
    From this org
    $0
    From related orgs
    $228,468
    Other
    $25,547
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,108 related
    Bonus
    $0
    Other
    $0 + $360 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,547 related
    Filer's total
    $0 + $254,015 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II
SUMMIT PUBLIC SCHOOLS POLICY FOR ESTABLISHING OPERATING OFFICERS AND KEY MANAGEMENT EMPLOYEES WAGES ARE BASED ON THE STANDARD SALARIES IN THE INDUSTRY IN THE SAME GEOGRAPHICAL AREA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 824 SAN ALESO LLC

    REAL ESTATE HOLDING · CA · income $673,851 · assets $27,887,372

    Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION

  • 895 CAMPUS DRIVE LLC

    REAL ESTATE HOLDING · CA · income $655,737 · assets $16,003,850

    Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION

  • EDFUTURE LLC

    REAL ESTATE HOLDING · CA · income $717,021 · assets $11,808,158

    Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202441289349301969

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