Form 990 for tax year 2023

Filed by COMMUNITY HIGH SCHOOL FOUNDATION INC.

Totals

Total revenue: -$7,880,885
Total expenses: $3,825,802
Contributions and grants received: $1,203,217
Grants paid: $175,000
Program service revenue: $2,071,465
Investment income: -$12,556,920
Other revenue: $1,401,353
Total assets, end of year: $31,020,152
Total liabilities, end of year: $22,222,750
Net assets or fund balances, end of year: $8,797,402
Program services expenses (Part IX): $3,807,622
Management and general expenses: $18,180
Fundraising expenses: $0
Program service expenses (Part III): $3,807,622

Program services were 99.5% 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.

1f · All other contributions, gifts and grants

$1,203,217
2a · Program service revenue: SLTR TUITION

total $2,071,465 · related or exempt $2,071,465
3 · Investment income

total $93,356 · excluded $93,356
6a · Gross rents

real property $1,401,353
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $1,401,353
6d · Net rental income or loss

total $1,401,353 · related or exempt $1,401,353
7a · Gross sales of assets other than inventory

other assets $12,740,000
7b · Less cost or other basis and sales expenses

other assets $25,390,276
7c · Gain or loss

other assets -$12,650,276
7d · Net gain or loss

total -$12,650,276 · excluded -$12,650,276

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $175,000 · program services $175,000
11b · Fees: legal

total $12,290 · management and general $12,290
11c · Fees: accounting

total $5,890 · management and general $5,890
11g · Fees: other

total $979,258 · program services $979,258
16 · Occupancy

total $580,974 · program services $580,974
20 · Interest

total $671,088 · program services $671,088
22 · Depreciation, depletion and amortization

total $487,053 · program services $487,053
23 · Insurance

total $13,291 · program services $13,291
24a · Other expenses: MISC. OPERATING EXPENSE

total $537,928 · program services $537,928
24b · Other expenses: SCHOLARSHIP ACTIVITIES

total $352,397 · program services $352,397
24c · Other expenses: DUES AND MEMBERSHIPS

total $10,633 · program services $10,633

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $662,667 · end of year $3,431,882
2 · Savings and temporary cash investments

beginning of year $1,817,244 · end of year $1,817,546
4 · Accounts receivable

beginning of year $18,000 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,562 · end of year $1,562
10a · Land, buildings and equipment: cost or other basis

$17,529,661
10b · Land, buildings and equipment: accumulated depreciation

$2,897,365
10c · Land, buildings and equipment, net

beginning of year $41,591,420 · end of year $14,632,296
15 · Other assets

beginning of year $11,713,653 · end of year $11,136,866
17 · Accounts payable and accrued expenses

beginning of year $18,000 · end of year $967,738
19 · Deferred revenue

beginning of year $207,763 · end of year $1,965,764
20 · Tax-exempt bond liabilities

beginning of year $23,122,923 · end of year $9,103,137
25 · Other liabilities

beginning of year $10,184,033 · end of year $10,186,111
27 · Net assets without donor restrictions

beginning of year $22,271,827 · end of year $8,797,402

Mission and programs · 2023

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, 2024 THE ORGANIZATION LEASED THREE FACILITIES TO SUMMIT PUBLIC SCHOOLS TO SUPPORT ITS MISSION.

Expenses $3,807,622 · Grants $175,000 · Revenue $2,071,465

As filed on the 2023 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

$243,763

From this org

$0

From related orgs

$218,752

Other

$25,011

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $218,752 related

Bonus

$0

Other

$0

Deferred

$0 + $24,382 related

Nontaxable benefits

$0 + $629 related

Filer's total

$0 + $243,763 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.

SUMMIT PUBLIC SCHOOLS

501(C)3 · CHARTER HIGH SCHOOLS · CA

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 -$15,497,071 · assets $0

Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION
895 CAMPUS DRIVE LLC

REAL ESTATE HOLDING · CA · income $656,421 · assets $16,340,500

Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION
EDFUTURE LLC

REAL ESTATE HOLDING · CA · income $3,878,359 · assets $11,808,037

Directly controlled by COMMUNITY HIGH SCHOOL FOUNDATION

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

PACIFIC AUTISM CENTER FOR EDUCATION

$15,695,991

Disposition · SALE OF 824 SAN ALESO, LLC PROPERTY · Aug 28, 2023 · 501(C)(3)

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 February 2025
IRS schema version: 2023v6.0
Source object: 202500459349301045

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