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← HEMET UNIFIED SCHOOL DISTRICT

Form 990 for tax year 2023

Filed by HEMET UNIFIED SCHOOL DISTRICT.

Totals

Total revenue
$4,058,538
Total expenses
$4,056,956
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,053,766
Investment income
$4,772
Other revenue
$0
Total assets, end of year
$2,719
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,719
Program services expenses (Part IX)
$4,056,956
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,056,956

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 $4,053,766 · related or exempt $4,053,766

  • 3 · Investment income

    total $4,772 · excluded $4,772

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $1,431,956 · program services $1,431,956

  • 24a · Other expenses: PRINCIPAL PAYMENTS

    total $2,625,000 · program services $2,625,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,137 · end of year $2,719

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,137 · end of year $2,719

  • 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 · 2023

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 $4,056,956 · Revenue $4,053,766

As filed on the 2023 return.

Listed in Part VII

  • PATRICK SEARL

    PRESIDENT

    Total calculated
    $22,654
    From this org
    $0
    From related orgs
    $4,800
    Other
    $17,854
    Hours/week
    2

  • CHRISTI BARRETT

    SECRETARY/TREASURER

    Total calculated
    $408,939
    From this org
    $0
    From related orgs
    $378,886
    Other
    $30,053
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,886 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,053 related
    Filer's total
    $0 + $408,939 related

  • DARRIN WATTERS

    ASSISTANT SECRETARY

    Total calculated
    $329,520
    From this org
    $0
    From related orgs
    $299,052
    Other
    $30,468
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,052 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,468 related
    Filer's total
    $0 + $329,520 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
2023
Filed
27 November 2024
IRS schema version
2023v5.1
Source object
202403399349300890

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