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Nonprofiteer
← KBARE

Form 990 for tax year 2022

Filed by KBARE.

Totals

Total revenue
$5,397,212
Total expenses
$4,288,797
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,320,744
Investment income
$1,076,468
Other revenue
$0
Total assets, end of year
$108,597,313
Total liabilities, end of year
$106,238,948
Net assets or fund balances, end of year
$2,358,365
Program services expenses (Part IX)
$4,288,797
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,288,797

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: RENTAL INCOME

    total $4,320,744 · related or exempt $4,320,744

  • 3 · Investment income

    total $1,076,468 · excluded $1,076,468

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,389 · program services $3,389

  • 16 · Occupancy

    total $403,608 · program services $403,608

  • 20 · Interest

    total $2,713,273 · program services $2,713,273

  • 22 · Depreciation, depletion and amortization

    total $1,168,527 · program services $1,168,527

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,944,806 · end of year $5,202,054

  • 2 · Savings and temporary cash investments

    end of year $18,074,822

  • 4 · Accounts receivable

    beginning of year $986,620 · end of year $1,424,747

  • 9 · Prepaid expenses and deferred charges

    end of year $19,820

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

    $81,794,103

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

    $4,102,267

  • 10c · Land, buildings and equipment, net

    beginning of year $43,916,708 · end of year $77,691,836

  • 15 · Other assets

    beginning of year $7,500 · end of year $6,184,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,966,030 · end of year $11,101,329

  • 23 · Secured mortgages and notes payable

    beginning of year $60,986,901 · end of year $60,093,489

  • 25 · Other liabilities

    beginning of year $17,652,753 · end of year $35,044,130

  • 27 · Net assets without donor restrictions

    beginning of year $1,249,950 · end of year $2,358,365

Mission and programs · 2022

Mission

KBARE IS A NON-PROFIT CORPORATION WHICH WAS FORMED TO FINANCE, DEVELOP, LEASE, AND MAINTAIN CERTAIN SCHOOL FACILITIES FOR KIPP BAY AREA SCHOOLS.

Activities or mission (Part I)

NON-PROFIT CORPORATION FORMED FOR THE EXCLUSIVE SUPPORT OF KIPP BAY AREA SCHOOLS.

  • TO FINANCE, DEVELOP, LEASE, AND MAINTAIN CERTAIN SCHOOL FACILITIES FOR THE EXCLUSIVE SUPPORT OF KIPP BAY AREA SCHOOLS.

    Expenses $4,288,797 · Revenue $4,320,744

As filed on the 2022 return.

Listed in Part VII

  • Nolan Highbaugh

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Gary Gibbs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rick Intrater

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David Paulson

    DIRECTOR

    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.

  • NORTH CAPITOL LLC

    PROPERTY HOLDING · CA · income $0 · assets $0

    Directly controlled by KBARE

  • 1060 KEY LLC

    PROPERTY HOLDING · CA · income $0 · assets $381,163

    Directly controlled by KBARE

  • SEVEN TREES SCHOOL LLC

    PROPERTY HOLDING · CA · income $268,714 · assets $10,640,978

    Directly controlled by KBARE

  • 1700 MARKET SCHOOL LLC

    PROPERTY HOLDING · CA · income $217,879 · assets $9,877,751

    Directly controlled by KBARE

  • 1039 GARDEN STREET

    PROPERTY HOLDING · CA · income $152,887 · assets $20,124,267

    Directly controlled by KBARE

  • HOUSTON AVENUE LLC

    PROPERTY HOLDING · CA · income $79,006 · assets $20,180,977

    Directly controlled by KBARE

  • 820 NORTH AMERICAN LLC

    PROPERTY HOLDING · CA · income $393,085 · assets $44,936,144

    Directly controlled by KBARE

Provenance

Return type
form_990
Tax year
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202411159349300021

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