Totals
- Total revenue
- $2,831,049
- Total expenses
- $2,076,916
- Contributions and grants received
- $683,152
- Grants paid
- $141,000
- Program service revenue
- $1,952,958
- Investment income
- $194,939
- Other revenue
- $0
- Total assets, end of year
- $37,827,016
- Total liabilities, end of year
- $31,816,245
- Net assets or fund balances, end of year
- $6,010,771
- Program services expenses (Part IX)
- $2,000,416
- Management and general expenses
- $76,500
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,000,416
Program services were 96.3% 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.
-
1d · Related organizations
$650,000
-
1f · All other contributions, gifts and grants
$33,152
-
2a · Program service revenue: RENTAL INCOME
total $1,952,958 · related or exempt $1,952,958
-
3 · Investment income
total $194,939 · excluded $194,939
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $141,000 · program services $141,000
-
11c · Fees: accounting
total $13,880 · management and general $13,880
-
11g · Fees: other
total $2,696 · management and general $2,696
-
16 · Occupancy
total $60,554 · program services $46,050 · management and general $14,504
-
20 · Interest
total $1,282,978 · program services $1,273,481 · management and general $9,497
-
22 · Depreciation, depletion and amortization
total $573,423 · program services $539,885 · management and general $33,538
-
23 · Insurance
total $2,385 · management and general $2,385
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,715,645 · end of year $625,603
-
2 · Savings and temporary cash investments
beginning of year $2,748,135 · end of year $5,369,520
-
4 · Accounts receivable
beginning of year $67,645 · end of year $166,241
-
9 · Prepaid expenses and deferred charges
beginning of year $319,745 · end of year $310,248
-
10a · Land, buildings and equipment: cost or other basis
$33,638,481
-
10b · Land, buildings and equipment: accumulated depreciation
$3,234,925
-
10c · Land, buildings and equipment, net
beginning of year $30,367,240 · end of year $30,403,556
-
15 · Other assets
beginning of year $1,098,149 · end of year $951,848
-
17 · Accounts payable and accrued expenses
beginning of year $82,935 · end of year $141,906
-
19 · Deferred revenue
beginning of year $374,606 · end of year $507,631
-
23 · Secured mortgages and notes payable
beginning of year $30,555,815 · end of year $30,143,730
-
24 · Unsecured notes and loans payable
beginning of year $146,154 · end of year $138,462
-
25 · Other liabilities
beginning of year $900,411 · end of year $884,516
-
27 · Net assets without donor restrictions
beginning of year $5,256,638 · end of year $6,010,771
Mission and programs · 2023
Mission
TO ACQUIRE, DEVELOP, CONSTRUCT, AND/OR RENOVATE AND LEASE TO ENVIRONMENTAL CHARTER SCHOOLS SUCH SCHOOL FACILITIES AS MAY BE REQUIRED BY ENVIRONMENTAL CHARTER SCHOOLS FOR OPERATION OF ITS PUBLIC CHARTER SCHOOLS.
Activities or mission (Part I)
ACQUIRE, DEVELOP AND CONSTRUCT SCHOOL FACILITIES TO LEASE TO ENVIRONMENTAL CHARTER SCHOOLS.
-
ACQUIRE, DEVELOP AND CONSTRUCT SCHOOL FACILITIES TO LEASE TO ENVIRONMENTAL CHARTER SCHOOLS. MENLO CHARTER PROPERTIES LEASED THREE (3) PROPERTIES TO ENVIRONMENTAL CHARTER SCHOOLS FOR USE BY ITS PUBLIC CHARTER SCHOOLS. DURING THE YEAR, ROUGHLY $16.8 MILLION IN CAPITAL OUTLAY PROJECTS WERE CONVERTED FROM CONSTRUCTION IN PROGRESS TO LAND AND BUILDINGS WITH AN ADDITIONAL $609,739 INVESTED IN ADDITIONAL CONSTRUCTION PROJECTS THAT REMAINED IN PROGRESS AT YEAR END.
Expenses $2,000,416 · Grants $141,000 · Revenue $1,952,958
As filed on the 2023 return.
Listed in Part VII
-
BRUCE GREENSPON
PRESIDENT/CEO
- Total calculated
- $0
- Hours/week
- 1
-
KEN DEEMER
SECRETARY/CFO
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY JOWID
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 3 related
-
JENINA RAMIREZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JOHN QUITER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
FARNAZ GOLSHANI FLECHNER
SUPERINTENDENT
- Total calculated
- $236,961
- From this org
- $0
- From related orgs
- $199,127
- Other
- $37,834
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $199,127 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $37,834 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $236,961 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)
- PART I, LINE 3
- THE SUPERINTENDENT'S PAY FROM THE RELATED ORGANIZATION, ENVIRONMENTAL CHARTER SCHOOLS (ECS), IS DETERMINED BASED ON DATA FROM A COMPENSATION SURVEY OR STUDY AND IS DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT THAT IS APPROVED BY THE ECS GOVERNING BOARD.
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
-
$141,000
PROGRAM SUPPORT
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.
-
501(C)(3) · OPERATE CHARTER SCHOOLS · CA
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.
-
PROPERTY HOLDING · CA · income $738,108 · assets $22,538,897
Directly controlled by MENLO CHARTER PROPERTIES
-
PROPERTY HOLDING · CA · income $669,322 · assets $7,250,184
Directly controlled by MENLO CHARTER PROPERTIES
-
PROPERTY HOLDING · CA · income $525,997 · assets $4,838,539
Directly controlled by MENLO CHARTER PROPERTIES
-
PROPERTY HOLDING · CA · income $64,333 · assets $300,928
Directly controlled by MENLO CHARTER PROPERTIES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521309349300232
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