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← HEMET UNIFIED SCHOOL DISTRICT

Form 990 for tax year 2022

Filed by HEMET UNIFIED SCHOOL DISTRICT.

Totals

Total revenue
$3,994,370
Total expenses
$3,993,238
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,991,602
Investment income
$2,768
Other revenue
$0
Total assets, end of year
$1,137
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,137
Program services expenses (Part IX)
$3,993,238
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,993,238

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 FROM HEMET USD

    total $3,991,602 · related or exempt $3,991,602

  • 3 · Investment income

    total $2,768 · excluded $2,768

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,528,238 · program services $1,528,238

  • 24a · Other expenses: PRINCIPAL PAYMENTS

    total $2,465,000 · program services $2,465,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5 · end of year $1,137

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5 · end of year $1,137

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PROVIDE FINANCIAL ASSITANCE TO THE HEMET UNIFIED SCHOOL DISTRICT TO ACQUIRE,FINANCE OR CONSTRUCT SCHOOL SITES.

  • TO ASSIST THE HEMET UNIFIED SCHOOL DISTRICT IN THE ACQUISITION, FINANCING AND CONSTRUCTING OF SCHOOL SITES.

    Expenses $3,993,238 · Revenue $3,991,602

As filed on the 2022 return.

Listed in Part VII

  • Patrick Searl

    PRESIDENT

    Total calculated
    $21,557
    From this org
    $0
    From related orgs
    $4,800
    Other
    $16,757
    Hours/week
    2

  • Christi Barrett

    SECRETARY/TREASURER

    Total calculated
    $477,185
    From this org
    $0
    From related orgs
    $364,882
    Other
    $112,303
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,882 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $112,303 related
    Filer's total
    $0 + $477,185 related

  • Darrin Watters

    ASSISTANT SECRETARY

    Total calculated
    $416,835
    From this org
    $0
    From related orgs
    $312,609
    Other
    $104,226
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,609 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $104,226 related
    Filer's total
    $0 + $416,835 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411359349307226

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