Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: FACILITIES FEES

  total $1,878,627 · related or exempt $1,878,627

• 3 · Investment income

  total $146,157 · excluded $146,157

• 11a · Other revenue: TRANSFERS FROM APS

  total $262,518 · related or exempt $262,518

• 11e · Other revenue, total

  $262,518

Functional expenses

Part IX, the statement of functional expenses.

• 11g · Fees: other

  total $4,500 · program services $4,500

• 13 · Office expenses

  total $84,855 · program services $84,855

• 20 · Interest

  total $2,155,175 · program services $2,155,175

• 22 · Depreciation, depletion and amortization

  total $349,986 · program services $349,986

• 24a · Other expenses: WRITE OFF OF FACILITIES

  total $879,746 · program services $879,746

• 24b · Other expenses: TRANSFER TO ALTA PUBLIC

  total $410,371 · program services $410,371

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,672,694 · end of year $6,908,083

• 4 · Accounts receivable

  end of year $36,304

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

  $20,539,821

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

  $1,526,920

• 10c · Land, buildings and equipment, net

  beginning of year $13,906,121 · end of year $19,012,901

• 15 · Other assets

  beginning of year $898,837 · end of year $48,263

• 17 · Accounts payable and accrued expenses

  beginning of year $95,775 · end of year $147,253

• 19 · Deferred revenue

  end of year $57,106

• 20 · Tax-exempt bond liabilities

  beginning of year $18,149,399 · end of year $28,878,638

• 25 · Other liabilities

  beginning of year $38,322 · end of year $177,191

• 27 · Net assets without donor restrictions

  beginning of year -$1,805,844 · end of year -$3,254,637

The filer's explanations (Part III)

EXECUTIVE COMPENSATION

THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD OF ALTA PUBLIC SCHOOLS MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION.

Disregarded entities

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

• PTMS LLC

  PROPERTY HOLDING · CA · income $1,208,545 · assets $15,148,740

  Directly controlled by ALTA PUBLIC SCHOOLS FOUNDATION

• AMPTEC LLC

  TITLE HOLDING COMPANY · CA · income $1,078,757 · assets $10,856,811

  Directly controlled by ALTA PUBLIC SCHOOLS FOUNDATION