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← ALTA PUBLIC SCHOOLS FOUNDATION

Form 990 for tax year 2022

Filed by ALTA PUBLIC SCHOOLS FOUNDATION.

Totals

Total revenue
$1,302,881
Total expenses
$1,555,073
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,302,777
Investment income
$104
Other revenue
$0
Total assets, end of year
$16,888,768
Total liabilities, end of year
$18,453,048
Net assets or fund balances, end of year
-$1,564,280
Program services expenses (Part IX)
$281,856
Management and general expenses
$1,273,217
Fundraising expenses
$0
Program service expenses (Part III)
$281,856

Program services were 18.1% 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: FACILITIES FEES

    total $1,302,777 · related or exempt $1,302,777

  • 3 · Investment income

    total $104 · excluded $104

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

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

  • 20 · Interest

    total $1,268,731 · management and general $1,268,731

  • 22 · Depreciation, depletion and amortization

    total $277,356 · program services $277,356

  • 24a · Other expenses: OTHER EXPENSES

    total $4,486 · management and general $4,486

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,001,227 · end of year $1,814,884

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

    $14,405,549

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

    $277,356

  • 10c · Land, buildings and equipment, net

    beginning of year $14,202,959 · end of year $14,128,193

  • 15 · Other assets

    beginning of year $713,986 · end of year $945,691

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,260 · end of year $96,600

  • 19 · Deferred revenue

    end of year $113,258

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,018,678 · end of year $18,204,868

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year -$1,312,088 · end of year -$1,564,280

Mission and programs · 2022

Mission

ALTA PUBLIC SCHOOLS FOUNDATION ("FOUNDATION") IS ORGANIZED TO PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL PROGRAMS AND EDUCATIONAL ACTIVITIES OF ALTA PUBLIC SCHOOLS, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION WITH TAX EXEMPT STATUS.

Activities or mission (Part I)

THE FOUNDATION IS ORGANIZED TO PROVIDE FINANCIAL SUPPORT TO THE EDUCATIONAL PROGRAMS AND EDUCATIONAL ACTIVITIES OF ALTA PUBLIC SCHOOLS.

  • PROVIDE FACILITIES FOR ALTA PUBLIC SCHOOLS.

    Expenses $281,856 · Revenue $1,302,777

As filed on the 2022 return.

Listed in Part VII

  • Greg Tanner

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Mary Porras

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Raul Carranza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Samuel Cortez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Azucena Chavarria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Eduardo Martinez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Xavier Reyes

    EXECUTIVE DIRECTOR APS

    Total calculated
    $246,311
    From this org
    $0
    From related orgs
    $182,821
    Other
    $63,490
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,821 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $42,066 related
    Nontaxable benefits
    $0 + $21,424 related
    Filer's total
    $0 + $246,311 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)

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 DETERMINE 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.

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.

  • PTMS LLC

    PROPERTY HOLDING · CA · income $1,302,881 · assets $16,888,768

    Directly controlled by ALTA PUBLIC SCHOOLS FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441419349300529

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