Form 990 for tax year 2023
Filed by ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION.
Totals
- Total revenue
- $21,738,707
- Total expenses
- $19,586,618
- Contributions and grants received
- $513,948
- Grants paid
- $895,000
- Program service revenue
- $15,521,244
- Investment income
- -$2,237,954
- Other revenue
- $7,941,469
- Total assets, end of year
- $223,446,935
- Total liabilities, end of year
- $204,080,629
- Net assets or fund balances, end of year
- $19,366,306
- Program services expenses (Part IX)
- $19,586,618
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $19,586,618
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.
-
1f · All other contributions, gifts and grants
$513,948
-
2a · Program service revenue: RENTAL INCOME FROM AFF
total $14,985,997 · related or exempt $14,985,997
-
2b · Program service revenue: GOVERNMENT FUNDING
total $535,247 · related or exempt $535,247
-
3 · Investment income
total $931,869 · excluded $931,869
-
7b · Less cost or other basis and sales expenses
other assets $3,169,823
-
7c · Gain or loss
other assets -$3,169,823
-
7d · Net gain or loss
total -$3,169,823 · excluded -$3,169,823
-
11a · Other revenue: GAIN ON DEBT CANCELLAT
total $7,699,375 · excluded $7,699,375
-
11b · Other revenue: OTHER INCOME
total $242,094 · excluded $242,094
-
11e · Other revenue, total
$7,941,469
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $895,000 · program services $895,000
-
11b · Fees: legal
total $57,318 · program services $57,318
-
11c · Fees: accounting
total $36,340 · program services $36,340
-
11g · Fees: other
total $1,201,300 · program services $1,201,300
-
13 · Office expenses
total $118,706 · program services $118,706
-
16 · Occupancy
total $2,378,876 · program services $2,378,876
-
20 · Interest
total $9,085,611 · program services $9,085,611
-
21 · Payments to affiliates
total $1,081,815 · program services $1,081,815
-
22 · Depreciation, depletion and amortization
total $4,547,197 · program services $4,547,197
-
23 · Insurance
total $17,954 · program services $17,954
-
24a · Other expenses: GENERAL OPERATING EXPEN
total $166,501 · program services $166,501
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,691,889 · end of year $27,423,966
-
4 · Accounts receivable
end of year $133,812
-
9 · Prepaid expenses and deferred charges
beginning of year $637,812 · end of year $26,562
-
10a · Land, buildings and equipment: cost or other basis
$230,264,943
-
10b · Land, buildings and equipment: accumulated depreciation
$43,261,585
-
10c · Land, buildings and equipment, net
beginning of year $196,389,087 · end of year $187,003,358
-
15 · Other assets
beginning of year $8,424,808 · end of year $8,859,237
-
17 · Accounts payable and accrued expenses
beginning of year $4,248,120 · end of year $4,177,855
-
20 · Tax-exempt bond liabilities
beginning of year $164,585,380 · end of year $158,042,146
-
23 · Secured mortgages and notes payable
beginning of year $18,515,952 · end of year $18,519,882
-
25 · Other liabilities
beginning of year $29,579,932 · end of year $23,340,746
-
27 · Net assets without donor restrictions
beginning of year $17,214,212 · end of year $19,366,306
Mission and programs · 2023
Mission
THE PRIMARY PURPOSE OF THE CORPORATION IS TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS BY ACQUIRING, DEVELOPING, AND OWNING CHARTER SCHOOLS AND PROVIDING SUCH FACILITIES TO CHARTER SCHOOLS.
-
THE ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION IS A NONPROFIT CHARTER ORGANIZATION COMMITTED TO THE DEVELOPMENT OF CHARTER SCHOOLS THROUGH THE OWNERSHIP AND OPERATION OF FACILITIES FOR CHARTER SCHOOLS.
Expenses $19,586,618 · Grants $895,000 · Revenue $21,738,707
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOSEPH DRAKE
CHAIRMAN/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VIRGIL ROBERTS
SECRETARY/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID LAUCK
CHIEF FINANCIAL OFFICER
- Total calculated
- $284,015
- From this org
- $0
- From related orgs
- $260,492
- Other
- $23,523
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $239,292 related
- Bonus
- $0 + $20,000 related
- Other
- $0 + $1,200 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $23,523 related
- Filer's total
- $0 + $284,015 related
-
PABLO CESAR VILLAVICENCIO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $486,491
- From this org
- $0
- From related orgs
- $449,853
- Other
- $36,638
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $361,653 related
- Bonus
- $0 + $75,000 related
- Other
- $0 + $13,200 related
- Deferred
- $0 + $25,089 related
- Nontaxable benefits
- $0 + $11,549 related
- Filer's total
- $0 + $486,491 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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
-
GENERAL 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.
-
ALLIANCE COLLEGE-READY PUBLIC SCHOOLS
501(C)(3) · EDUCATION · CA
Directly controlled by ALLIANCE COLLEGE READY PUBLIC SCHOOLS
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.
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$206,815 · assets $15,106,549
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $345,578 · assets $8,524,515
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$84,399 · assets $7,528,304
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
1918 BROADWAY CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$407,911 · assets $18,000,826
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
4610 S MAIN STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$17,891 · assets $8,910,424
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
7907 SANTA FE AVENUE CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $489,381 · assets $17,006,389
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
5886 COMPTON AVENUE CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $334,836 · assets $8,711,804
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
1552 ROCKWOOD STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $408,901 · assets $12,043,639
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
49TH AND MAIN CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $313,566 · assets $10,428,335
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
113 S ROWAN CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income -$13,500 · assets $6,719,596
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
461 W 9TH STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $3,329,038 · assets $322,896
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $48,995 · assets $12,704,876
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
11933 ALLEGHENY CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $524,108 · assets $20,045,107
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
70TH STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $788,548 · assets $18,328,974
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
1111 W MANCHESTER CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $460,096 · assets $12,864,869
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $873,491 · assets $13,361,986
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $474,963 · assets $6,494,847
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
9719 MAIN STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $395,976 · assets $5,179,794
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
10101 BROADWAY CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $59,364 · assets $7,161,529
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
-
3640 EAST 1ST STREET CHARTER FACILITIES LLC
HOLDING AND MANAGING THE REAL ESTATE PROPERTY · CA · income $0 · assets $0
Directly controlled by ALLIANCE COLLEGE-READY PUBLIC SCHOOLS FACILITIES CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349302094
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