2024-04-25T13:13:12-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 371824287 3200 ADAMS HOLDING CORP 3200 3237950695 3200 W ADAMS BLVD LOS ANGELES CA 90018 ERIC BARLOW COO STEM PREP 3237950695 2024-04-23 1 ERIC BARLOW 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-04-23 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANI MEYMARIAN 3200 W ADAMS BLVD LOS ANGELES CA 90018 957611 0 X N/A X 2016 CA TO PROVIDE EDUCATIONAL FACILITIES FOR THE SCHOOLS OF STEM PREPARATORY SCHOOLS. 2 2 0 2 0 0 0 0 959833 953022 0 4589 0 0 959833 957611 0 0 0 0 0 0 0 0 0 1650758 1513301 1650758 1513301 -690925 -555690 12783371 20978728 15310891 24061938 -2527520 -3083210 TO PROVIDE EDUCATIONAL FACILITIES FOR THE SCHOOLS OF STEM PREPARATORY SCHOOLS. 0 0 1070263 953022 DURING THE YEAR ENDED JUNE 30, 2023 THE ORGANIZATION, THROUGH ITS SINGLE MEMBER LLCS, LEASED TWO EDUCATIONAL FACILITIES TO STEM PREPARATORY SCHOOLS. 1070263 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X ANI MEYMARIAN 3237950695 3200 W ADAMS BLVD LOS ANGELES CA 90018 EMILIO PACK CEO STEM PREP 1.00 40.00 X 0 278435 59560 ERIC BARLOW COO STEM PREP 1.00 40.00 X 0 130104 17560 ANI MEYMARIAN PRESIDENT 1.00 X X 0 0 0 VANESSA JACKSON SECRETARY AND CFO 1.00 X X 0 0 0 0 408539 77120 0 0 1 0 0 STEM PREPARATORY LEASE 611710 953022 953022 953022 4589 4589 957611 953022 0 4589 25315 25315 345697 345697 552467 552467 724691 724691 -125 -125 OTHER EXPENSES -134744 -134744 1513301 1070263 443038 0 428465 66677 913682 52621 80335 2500 949 16091301 4526982 12289010 11564319 10775 8352766 12783371 20978728 89660 110924 39085 82418 0 10327504 15025244 4413103 156902 9127989 15310891 24061938 X -2527520 -3083210 -2527520 -3083210 12783371 20978728 -555690 0 X X 0 1 X 1 0 X X X 1 STEM PREPARATORY SCHOOL INC 263881506 2 1 1513301 0 1 1513301 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1564000 1564000 14493818 4515371 9978447 11611 11611 0 21872 21872 11564319 INTERCOMPANY RECEIVABLES 2194923 DEPOSITS 2500 OPERATING ROU ASSET 6155343 8352766 INTERCOMPANY PAYABLES 2228272 OPERATING LEASE LIABILITY 6213319 DEFERRED RENT LIABILITY 11002 GRANT RESERVE FUNDS 675396 9127989 X PART X, LINE 2: STEM PREP IS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. STEM PREP IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, STEM PREP IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. STEM PREP DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS. MANAGEMENT BELIEVES THAT STEM PREP HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. STEM PREP WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 0 0 0 0 0 0 0 0 0 EMILIO PACK CEO STEM PREP 0 278435 0 0 0 0 0 50321 0 9239 0 337995 0 0 SCHEDULE J, PART I, LINE 3 THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINED BY STEM PREPARATORY SCHOOLS AND IS BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. A CA SCHOOL FINANCE AUTHORITY 680280917 13058TRX0 2023-05-23 10629563 REFINANCE DEBT 0 0 0 A 10629563 212458 10391277 238286 2023 0 1 1 1 A 1 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 7A STEM PREPARATORY SCHOOLS HAS THE RIGHT TO APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT, THE ORGANIZATION'S THIRD PARTY SERVICE PROVIDER, AND THE BOARD OF DIRECTORS PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE SELECTION OR OVERSIGHT PROCESS FROM THE PRIOR YEAR. 3200 ADAMS LLC 3200 W ADAMS BLVD LOS ANGELES CA 90018 830668256 PROPERTY HOLDING LLC CA 489894 12268750 3200 ADAMS HOLDING CORP 1374 W 35TH LLC 3200 W ADAMS BLVD LOS ANGELES CA 90018 371824287 PROPERTY HOLDING LLC CA 467717 8709978 3200 ADAMS HOLDING CORP STEM PREPARATORY SCHOOLS INC 3200 W ADAMS BLVD LOS ANGELES CA 90018 263881506 PUBLIC CHARTER SCHOOL CA 501(C)(3) LINE 2 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0