Totals
- Total revenue
- $1,655,471
- Total expenses
- $3,946,850
- Contributions and grants received
- $0
- Grants paid
- $3,881,882
- Program service revenue
- $1,598,821
- Investment income
- $56,650
- Other revenue
- $0
- Total assets, end of year
- $13,394,342
- Total liabilities, end of year
- $16,685,011
- Net assets or fund balances, end of year
- -$3,290,669
- Program services expenses (Part IX)
- $3,946,850
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,946,850
Program services were 100.0% 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.
-
2a · Program service revenue: INV LOSS ON NOTES REC.
total -$47,875 · related or exempt -$47,875
-
2b · Program service revenue: MGMT & CONSULTING FEES
total $915,000 · related or exempt $915,000
-
2c · Program service revenue: RENTAL INCOME
total $731,696 · related or exempt $731,696
-
3 · Investment income
total $56,650 · excluded $56,650
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,881,882 · program services $3,881,882
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $51 · program services $51
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $54,665 · program services $54,665
-
23 · Insurance
total $0
-
24a · Other expenses: Other Expenses
total $10,252 · program services $10,252
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,000,710 · end of year $736,025
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $165,909
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $1,739,055
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$10,307,806
-
10b · Land, buildings and equipment: accumulated depreciation
$54,665
-
10c · Land, buildings and equipment, net
end of year $10,253,141
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $500,212
-
17 · Accounts payable and accrued expenses
end of year $865,151
-
19 · Deferred revenue
beginning of year $4,000,000 · end of year $9,250,000
-
23 · Secured mortgages and notes payable
end of year $6,405,423
-
25 · Other liabilities
end of year $164,437
-
27 · Net assets without donor restrictions
beginning of year -$999,290 · end of year -$3,290,669
Mission and programs · 2023
Mission
TO SUPPORT PCSD'S MISSION TO PROVIDE LONG-TERM AFFORDABLE FACILITIES SOLUTIONS TO INCREASE THE AVAILABILITY OF HIGH QUALITY CHARTER SCHOOLS FOR UNDERSERVED STUDENTS.
Activities or mission (Part I)
TO SUPPORT PCSD'S MISSION TO PROVIDE LONG-TERM AFFORDABLE FACILITIES SOLUTIONS.
-
PROVIDED LONG-TERM AFFORDABLE FACILITIES SOLUTIONS INCREASING THE AVAILABILITY OF HIGH QUALITY CHARTER SCHOOLS FOR UNDERSERVED STUDENTS.
Expenses $3,946,850 · Grants $3,881,882 · Revenue $1,655,471
As filed on the 2023 return.
Listed in Part VII
-
John SunJOHN SUN
President & CEO
- Total calculated
- $376,776
- From this org
- $0
- From related orgs
- $344,010
- Other
- $32,766
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- not reported + $294,010 related
- Bonus
- not reported + $50,000 related
- Other
- not reported
- Deferred
- not reported + $10,589 related
- Nontaxable benefits
- not reported + $22,177 related
- Filer's total
- not reported + $376,776 related
-
Kahlmus EatmanKAHLMUS EATMAN
COO
- Total calculated
- $243,373
- From this org
- $0
- From related orgs
- $212,689
- Other
- $30,684
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- not reported + $202,552 related
- Bonus
- not reported + $10,137 related
- Other
- not reported
- Deferred
- not reported + $8,507 related
- Nontaxable benefits
- not reported + $22,177 related
- Filer's total
- not reported + $243,373 related
-
Scarlet SySCARLET SY
CFO
- Total calculated
- $227,673
- From this org
- $0
- From related orgs
- $204,567
- Other
- $23,106
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- not reported + $194,817 related
- Bonus
- not reported + $9,750 related
- Other
- not reported
- Deferred
- not reported + $8,183 related
- Nontaxable benefits
- not reported + $14,923 related
- Filer's total
- not reported + $227,673 related
-
Mera Baker RamosMERA BAKER RAMOS
Secretary
- Total calculated
- $174,435
- From this org
- $0
- From related orgs
- $154,740
- Other
- $19,695
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- not reported + $145,581 related
- Bonus
- not reported + $9,159 related
- Other
- not reported
- Deferred
- not reported + $6,471 related
- Nontaxable benefits
- not reported + $13,224 related
- Filer's total
- not reported + $174,435 related
-
Eric JohnsonERIC JOHNSON
Chairman
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Paul HabibiPAUL HABIBI
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Reginald H GilyardREGINALD H GILYARD
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eli KennedyELI KENNEDY
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eric SussmanERIC SUSSMAN
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 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, Compensation from Unrelated Organizations
- PCSD'S TOP MANAGEMENT, KEY EMPLOYEES AND OTHER OFFICERS HAVE ANNUAL COMPENSATION REVIEWS WHICH ARE THEN FOLLOWED BY A WRITTEN SUMMARY PREPARED BY THEIR DIRECT SUPERVISOR AND SHARED WITH EACH EMPLOYEE. THE BOARD OF PACIFIC CHARTER SCHOOL DEVELOPMENT APPROVES COMPENSATION FOR THESE INDIVIDUALS.
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
-
$3,881,882
EDUCATION
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.
-
PACIFIC CHARTER SCHOOL DEVELOPMENT
501(C)(3) · EDUCATION · CA
-
WASHINGTON CHARTER SCHOOL DEVELOPMENT
501(C)(3) · EDUCATION · CA
Directly controlled by PACIFIC CHARTER SCHOOL DEVELOPMENT
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.
-
TITLE HOLDING · TX · income $731,696 · assets $11,105,224
Directly controlled by TEXAS CHARTER SCHOOL DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432769349301793
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