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Nonprofiteer
← LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES

Form 990 for tax year 2024

Filed by LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES.

Totals

Total revenue
$3,212,105
Total expenses
$2,426,548
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$3,212,105
Other revenue
$0
Total assets, end of year
$131,780,652
Total liabilities, end of year
$138,718,768
Net assets or fund balances, end of year
-$6,938,116
Program services expenses (Part IX)
$2,426,548
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,426,548

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.

  • 3 · Investment income

    total $3,212,105 · excluded $3,212,105

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $3,212,105 · program services $3,212,105

  • 24a · Other expenses: AMORTIZATION, NET

    total -$785,557 · program services -$785,557

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $54,152,622 · end of year $34,802,668

  • 15 · Other assets

    beginning of year $108,849,787 · end of year $96,977,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $354,512 · end of year $309,380

  • 19 · Deferred revenue

    beginning of year $31,224,261 · end of year $27,967,024

  • 25 · Other liabilities

    beginning of year $139,147,309 · end of year $110,442,364

  • 27 · Net assets without donor restrictions

    beginning of year -$7,723,673 · end of year -$6,938,116

Mission and programs · 2024

Mission

TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX-EXEMPT BONDS. TO PROVIDE SERVICES NECESSARY/APPOPRIATE FOR THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF REGIONALIZED BUSINESS SERVICES AND PROGRAMS FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LACOE.

Activities or mission (Part I)

TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING.

  • THE PURPOSE OF THE CORPORATION IS TO ADMINISTER THE ISSUANCE AND REPAYMENT OF BONDS ON BEHALF OF MEMBER PUBLIC SCHOOL DISTRICTS FOR ACQUISITION OF EQUIPMENT AND BUILDINGS CONSTRUCTION AND IMPROVEMENTS. IN 2024-2025 FISCAL YEAR, THE CORPORATION GENERATED $3.2 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.2 MILLION STUDENTS THROUGHOUT THE 79 K-12 LA COUNTY SCHOOL DISTRICTS.

    Expenses $2,426,548

As filed on the 2024 return.

Listed in Part VII

  • Mr Phillip Downing

    EXEC. DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Anthony Culpepper

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mrs Julie Boucher

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mr John Nunez

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Frank Bostrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Michael Lin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Manoj Roychowdhury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 January 2026
IRS schema version
2024v5.5
Source object
202610219349300836

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