Skip to content
Nonprofiteer
← DOWNTOWN COLLEGE PREP FOUNDATION

Form 990 for tax year 2022

Filed by DOWNTOWN COLLEGE PREP FOUNDATION.

Totals

Total revenue
$3,533,014
Total expenses
$3,529,343
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,406,944
Investment income
$126,070
Other revenue
$0
Total assets, end of year
$41,110,408
Total liabilities, end of year
$38,630,639
Net assets or fund balances, end of year
$2,479,769
Program services expenses (Part IX)
$3,522,886
Management and general expenses
$6,457
Fundraising expenses
$0
Program service expenses (Part III)
$3,522,886

Program services were 99.8% 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 $3,406,944 · related or exempt $3,406,944

  • 3 · Investment income

    total $126,070 · excluded $126,070

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $6,457 · management and general $6,457

  • 16 · Occupancy

    total $546,689 · program services $546,689

  • 20 · Interest

    total $1,749,986 · program services $1,749,986

  • 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 $0 · end of year $834,349

  • 2 · Savings and temporary cash investments

    beginning of year $3,867,447 · end of year $3,249,928

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

    $43,759,384

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

    $7,710,998

  • 10c · Land, buildings and equipment, net

    beginning of year $37,274,597 · end of year $36,048,386

  • 15 · Other assets

    beginning of year $463,616 · end of year $977,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,708 · end of year $148,211

  • 19 · Deferred revenue

    beginning of year $314,516 · end of year $454,883

  • 20 · Tax-exempt bond liabilities

    beginning of year $35,387,320 · end of year $35,199,524

  • 23 · Secured mortgages and notes payable

    beginning of year $3,236,757 · end of year $2,784,090

  • 25 · Other liabilities

    beginning of year $156,261 · end of year $43,931

  • 28 · Net assets with donor restrictions

    beginning of year $2,476,098 · end of year $2,479,769

Mission and programs · 2022

Mission

TO SUPPORT THE ACROSS THE BRIDGE FOUNDATION DBA DOWNTOWN COLLEE 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 $3,522,886 · Revenue $3,406,944

As filed on the 2022 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

  • Jeff Black

    DIRECTOR THROUGH 3/1/23

    Total calculated
    $0
    Hours/week
    2

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 $1,044,004 · assets $9,319,808

    Directly controlled by DOWNTOWN COLLEGE PREP FOUNDATION

  • DCP FACILITIES II LLC

    PROPERTY HOLDING · CA · income $2,489,011 · assets $33,081,220

    Directly controlled by DOWNTOWN COLLEGE PREP FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349313102

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.