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← NAVIGATOR SCHOOLS SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by NAVIGATOR SCHOOLS SUPPORT CORPORATION.

Totals

Total revenue
$732,500
Total expenses
$1,488,195
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$732,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$18,432,472
Total liabilities, end of year
$21,811,979
Net assets or fund balances, end of year
-$3,379,507
Program services expenses (Part IX)
$856,303
Management and general expenses
$631,892
Fundraising expenses
$0
Program service expenses (Part III)
$856,303

Program services were 57.5% 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.

  • 2a · Program service revenue: RENT

    total $732,500 · related or exempt $732,500

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $856,303 · program services $856,303

  • 20 · Interest

    total $319,654 · management and general $319,654

  • 22 · Depreciation, depletion and amortization

    total $308,878 · management and general $308,878

  • 24a · Other expenses: OTHER EXPENSES

    total $3,360 · management and general $3,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $463,721 · end of year $413,182

  • 4 · Accounts receivable

    end of year -$7,407

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

    $8,849,380

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

    $833,427

  • 10c · Land, buildings and equipment, net

    beginning of year $8,324,831 · end of year $8,015,953

  • 15 · Other assets

    beginning of year $9,859,025 · end of year $10,010,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,893,076 · end of year $2,426,557

  • 24 · Unsecured notes and loans payable

    beginning of year $8,594,969 · end of year $8,583,269

  • 25 · Other liabilities

    beginning of year $10,783,344 · end of year $10,802,153

  • 27 · Net assets without donor restrictions

    beginning of year -$2,623,812 · end of year -$3,379,507

Mission and programs · 2023

Mission

NAVIGATOR SCHOOLS SUPPORT CORPORATION IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO RECEIVE PHILANTHROPIC DONATIONS TO SUPPORT NAVIGATOR SCHOOLS' OPERATIONS AND PROGRAMS.

Activities or mission (Part I)

NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO RECEIVE PHILANTHROPIC DONATIONS TO SUPPORT NAVIGATOR SCHOOLS' OPERATIONS AND PROGRAMS.

  • NAVIGATOR SCHOOLS SUPPORT CORPORATION IS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION CREATED TO RECEIVE PHILANTHROPIC DONATIONS TO SUPPORT NAVIGATOR SCHOOLS' OPERATIONS AND PROGRAMS.

    Expenses $856,303 · Revenue $732,500

As filed on the 2023 return.

Listed in Part VII

  • Kevin Sved

    CEO/DIRECTOR

    Total calculated
    $152,968
    From this org
    $0
    From related orgs
    $120,072
    Other
    $32,896
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,599 related
    Nontaxable benefits
    $0 + $10,297 related
    Filer's total
    $0 + $152,968 related

  • Patrick Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Parsons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alfred Morikang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 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)

FORM 990, PART VII, SECTION A
THE CEO'S COMPENSATION IS REVIEWED AND ESTABLISHED BY THE BOARD OF NAVIGATOR SCHOOLS WITH COMPARABLE INDUSTRY DATA. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.

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.

  • 407 MAIN STREET LLC

    HOLDING FACILITIES · CA · income $732,500 · assets $18,432,472

    Directly controlled by NAVIGATOR SCHOOLS SUPPORT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349306454

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