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Nonprofiteer
← DOWNTOWN COLLEGE PREP FOUNDATION

Form 990 for tax year 2023

Filed by DOWNTOWN COLLEGE PREP FOUNDATION.

Totals

Total revenue
$3,585,765
Total expenses
$3,545,502
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,585,765
Investment income
$0
Other revenue
$0
Total assets, end of year
$40,190,668
Total liabilities, end of year
$37,670,636
Net assets or fund balances, end of year
$2,520,032
Program services expenses (Part IX)
$3,545,502
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,545,502

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: LEASE INCOME

    total $3,585,765 · related or exempt $3,585,765

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $601,992 · program services $601,992

  • 20 · Interest

    total $1,717,299 · program services $1,717,299

  • 22 · Depreciation, depletion and amortization

    total $1,226,211 · program services $1,226,211

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $834,349 · end of year $316,435

  • 2 · Savings and temporary cash investments

    beginning of year $3,249,928 · end of year $5,008,610

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

    $43,759,381

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

    $8,937,210

  • 10c · Land, buildings and equipment, net

    beginning of year $36,048,386 · end of year $34,822,171

  • 15 · Other assets

    beginning of year $977,745 · end of year $43,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,211 · end of year $48,715

  • 19 · Deferred revenue

    beginning of year $454,883 · end of year $536,820

  • 20 · Tax-exempt bond liabilities

    beginning of year $35,199,524 · end of year $34,534,358

  • 23 · Secured mortgages and notes payable

    beginning of year $2,784,090 · end of year $2,343,392

  • 25 · Other liabilities

    beginning of year $43,931 · end of year $207,351

  • 28 · Net assets with donor restrictions

    beginning of year $2,479,769 · end of year $2,520,032

Mission and programs · 2023

Mission

TO SUPPORT THE ACROSS THE BRIDGE FOUNDATION DBA DOWNTOWN COLLEGE PREPARATORY (ABF) AND THE CHARTER SCHOOLS IT OPERATES BY PROVIDING REAL ESTATE DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING PLANNING, FINANCING, CONSTRUCTION, AND CONSTRUCTION MANAGEMENT, HOLDING TITLE TO PROPERTY LEASED TO ABF AND FACILITIES MANAGEMENT.

Activities or mission (Part I)

TO SUPPORT THE ACROSS THE BRIDGE FOUNDATION BY PROVIDING REAL ESTATE DEVELOPMENT SERVICES.

  • TO SUPPORT ACROSS THE BRIDGE FOUNDATION

    Expenses $3,545,502 · Revenue $3,585,765

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodney Jenny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sean C Meeks

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Terry Deveau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Curtis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 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.

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.

  • DCP FACILITIES I LLC

    PROPERTY HOLDING · CA · income $1,045,700 · assets $877,800

    Directly controlled by DOWNTOWN COLLEGE PREP FOUNDATION

  • DCP FACILITIES II LLC

    PROPERTY HOLDING · CA · income $2,540,065 · assets $39,680,984

    Directly controlled by DOWNTOWN COLLEGE PREP FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511399349300441

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