2024-03-15T11:36:01-05:00 2023-06-30 770051130 ABBOTT STRINGHAM & LYNCH 1901 S BASCOM AVE STE 105 CAMPBELL CA 95008 990 2022-07-01 465073349 E C S V REAL ESTATE ECSV 4085734801 1399 SANTEE DRIVE SAN JOSE CA 95122 JASON VANN CHAIR 4085734801 2024-03-12 1 JASON VANN 999009999 0 SHEBA B DALANEY P00351252 4083778700 2024-03-12 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON VANN 1399 SANTEE DRIVE SAN JOSE CA 95122 129595 0 X EDUCARESV.ORG/ X 2013 CA THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE TO E.C.S.V. AN EDUCATION FACILITY IN SAN JOSE. 5 5 0 37 0 0 121923 111595 81327 18000 0 0 0 0 203250 129595 0 0 0 0 0 0 0 0 0 581881 581339 581881 581339 -378631 -451744 16055694 15520084 753006 843646 15302688 14676438 X THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE AN EDUCATION FACILITY LOCATED IN SAN JOSE, CA TO ECSV. THE ORGANIZATION RECEIVED LOANS TO CONSTRUCT THE BUILDING VIA A NEW MARKETS TAX CREDIT FINANCING TRANSACTION. 0 0 553503 18000 ECSV REAL ESTATE (THE ORGANIZATION") WAS FORMED FOR THE BENEFIT OF EDUCARE CALIFORNIA AT SILICON VALLEY ("ECSV"). ECSV IS A NONPROFIT, 501(C)(3) ORGANIZATION WHOSE MISSION IS TO BUILD AND OPERATE AN EARLY LEARNING CENTER IN SAN JOSE, CALIFORNIA TO HELP ENSURE THAT THE CHILDREN THEREBY SERVED WILL SUCCEED IN SCHOOL AND LATER LIFE. ECSV OFFERS CURRICULA AND PROGRAMS FOCUSED ON DELIVERING BEST PRACTICES IN EARLY CHILDHOOD DEVELOPMENT AND EDUCATION. THE PURPOSE OF THIS ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR ECSV. THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION THAT PROVIDED FUNDS TO FINANCE THE CONSTRUCTION AND DEVELOPMENT OF A FACILITY LOCATED IN SAN JOSE, CALIFORNIA. CONSTRUCTION WAS COMPLETED IN AUGUST 2015 AND THE ORGANIZATION COMMENCED LEASING THE FACILITY TO ECSV FOR ECSV TO SERVE APPROXIMATELY 164 CHILDREN AGES BIRTH TO 5 AND THEIR FAMILIES IN A MODEL EARLY LEARNING SCHOOL. CLASSROOM SERVICES WERE PROVIDED BY THE SANTA CLARA COUNTY OFFICE OF EDUCATION (SCCOE) AND FRANKLIN MCKINLEY SCHOOL DISTRICT(FMSD), AND FUNDED WITH FEDERAL, STATE AND LOCAL FUNDING SOURCES. 553503 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X ABBOTT STRINGHAM & LYNCH 4083778700 1901 S BASCOM AVE SUITE 105 CAMPBELL CA 95008 MIKE BURKE VICE CHAIR 1.00 X X 0 0 0 JUAN CRUZ TREASURER 1.00 X X 0 0 0 JASON VANN CHAIR 1.00 X X 0 0 0 SHAWN GERTH EXECUTIVE DIRECTOR 20.00 40.00 X 0 109191 0 DARCIE GREEN SECRETARY 1.00 X 0 0 0 0 109191 0 0 0 0 0 0 111595 111595 LEASE INCOME 531120 18000 18000 18000 129595 18000 0 0 11574 11574 9815 9815 84493 84493 375852 375852 99605 93158 6447 581339 553503 27836 0 83393 83393 4354187 4198680 4578 327 14089738 2852054 11613536 11237684 16055694 15520084 14555 1702 738451 841944 753006 843646 X 10948501 10477758 4354187 4198680 15302688 14676438 16055694 15520084 X -451744 -174507 1 X 0 1 X 1 0 X X 1 ECSV 455147937 7 0 111595 0 1 111595 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE A PAGE 4 SECTION A LINE 1 THE ORGANIZATION WAS FORMED TO OWN THE BUILDING WHICH IS LEASED TO SUPPORTED ORGANIZATION E.C.S.V. TO FURTHER THE GOALS OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14073472 2841089 11232383 16266 10965 5301 11237684 LONG TERM RENT LIABILITY 675944 DONATED RENT LIABILITY 166000 841944 X 382333 252738 252738 129595 0 129595 1008583 427244 427244 581339 0 581339 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. E.C.S.V.'S AND E.C.S.V. REAL ESTATE'S FEDERAL RETURNS FOR THE YEARS ENDED JUNE 30, 2020 AND BEYOND ARE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. E.C.S.V.'S AND E.C.S.V. REAL ESTATE'S STATE RETURNS FOR THE YEARS ENDED JUNE 30, 2019 AND BEYOND ARE SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FOUR YEARS AFTER THEY ARE FILED. FORM 990, PART VI, SECTION A, LINE 2 JUAN CRUZ (GOVERNANCE BOARD MEMBER)AND JASON VANN (GOVERNANCE BOARD MEMBER)ARE ALL EMPLOYED BY FRANKLIN-MCKINLEY SCHOOL DISTRICT. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MODIFIED ITS BYLAWS BASED ON THE ADVICE OF LEGAL COUNSEL TO REMAIN COMPLIANT WITH ALL LEGAL PARAMETERS, ESPECIALLY RELATED TO THE OPERATIONS AND SUPPORT FOR ECSVRE, AND ADJUSTED THE DESCRIPTION OF THE OPERATING STRUCTURE TO REFLECT HOW THE CURRENT ACTIVITIES OF THE BOARD ARE CONDUCTED. FORM 990, PART VI, SECTION A, LINE 7A A VACANCY IN THE POSITION OF DIRECTOR MAY BE FILLED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE REMAINING DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE FINANCE COMMITTEE REVIEWED AND APPROVED FORM 990 BEFORE FILING. FORM 990 WAS ALSO DISTRIBUTED TO BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD CHAIR HAS ALL NEW BOARD MEMBERS FILL OUT THE CONFLICT OF INTEREST FORM BY THE FIRST BOARD MEETING THEY ATTEND AND DURING THE DECEMBER BOARD MEETING. EACH MEMBER REVIEWS CONFLICT OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING 1. ECSV 1399 SANTEE DRIVE SAN JOSE CA 95122 455147937 EDUCATION CA 501C(3) 7 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 ECSV C 111595 CASH ECSV J 18000 CASH ECSV O 77305 CASH