2024-05-14T12:13:40-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 383989912 PMC SUPPORT CORPORATION PMCS 2139291046 350 S FIGUEROA ST 250 LOS ANGELES CA 90071 ROBERT KANE CHAIR 2139291046 2024-05-09 1 ROBERT KANE 0 DERRICK DEBRUYNE P00591016 6268577300 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT KANE 350 S FIGUEROA ST NO 250 LOS ANGELES CA 90071 3971177 0 X N/A X 2015 CA TO LEASE, OWN, AND/OR MANAGE CHARTER SCHOOL FACILITES IN SUPPORT OF EDNOVATE, INC. 3 3 0 3 0 0 646845 0 2963469 3927895 1365 43282 0 0 3611679 3971177 0 0 0 0 0 0 0 0 0 3676818 3540648 3676818 3540648 -65139 430529 60530042 69032736 57129319 65201484 3400723 3831252 X TO OPERATE AND MAINTAIN AN EDUCATIONAL INSTITUTION, TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS, TO LEASE, OWN, MANAGE, AND MAINTAIN CHARTER SCHOOL FACILITIES, TO PROVIDE CHARTER SCHOOL FACILITIES AND OPERATIONAL AND OTHER SUPPORT TO CHARTER SCHOOLS, TO ASSIST PHILANTHROPISTS AND FOUNDATIONS IN ACCELERATING THE GROWTH OF HIGH QUALITY CHARTER SCHOOLS, AND TO PROVIDE AND OTHERWISE OBTAIN OR ASSIST IN OBTAINING CHARTER SCHOOL FINANCING. ADDITIONALLY, THE CORPORATION MAY ENGAGE IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED PUBLIC AND CHARITABLE PUBLIC PURPOSES, OR IN ANY OTHER CHARITABLE ACTIVITIES. 0 0 3213680 3927895 TO OPERATE AND MAINTAIN FACILITIES FOR AN EDUCATIONAL INSTITUTION. 3213680 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 0 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 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X KYLE GOSS 2134540599 350 S FIGUEROA STREET SUITE 250 LOS ANGELES CA 90071 X ROBERT KANE CHAIR/DIRECTOR 0.30 X X 0 0 0 BRYAN STEVENS TREASURER/SECRETARY 0.30 X X 0 0 0 KAREN WONG DIRECTOR 0.30 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL INCOME 611710 3927895 3927895 3927895 43282 43282 3971177 3927895 0 43282 60386 60386 1905 1905 329051 329051 5700 5700 2054106 1811638 242468 1072991 1072991 STUDENT NUTRITION 10168 10168 OTHER EXPENSES 6341 6341 3540648 3213680 326968 0 733557 944911 1064494 1398627 2376594 25587 41500 41500 61573291 4242311 53989660 57330980 2324237 9291131 60530042 69032736 3890115 1053414 112750 208661 14760000 14575000 33760165 38383046 4606289 10981363 57129319 65201484 X 3400723 3831252 3400723 3831252 60530042 69032736 430529 0 X X 0 1 X 1 0 X X X 1 EDNOVATE CHARTER SCHOOL 454005918 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12(G)(VI) - EXPLANATION OF OTHER SUPPORT: TO OPERATE AND MAINTAIN FACILITIES FOR AN EDUCATIONAL INSTITUTION 10171207 10171207 51375933 4224715 47151218 26151 17596 8555 57330980 DEFERRED RENT ASSET 3012078 RIGHT OF USE ASSET - OPERATING 6279053 9291131 NOTES PAYABLE TO RELATED PARTIES 4375000 OPERATING LEASE LIABILITY 6606363 10981363 X PART X, LINE 2: PMC IS A NONPROFIT PUBLIC BENEFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN 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. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAVE BEEN REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE CONSOLIDATED FINANCIAL STATEMENTS. A CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TGN4 2018-06-27 15155000 CHARTER SCHOOL FACILITIES ACQUISITION AND CONSTRUCTION 0 0 0 A 395000 15773364 1064494 671451 392905 13534290 2020 0 0 1 1 A 1 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW 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 B, LINE 15 THE ORGANIZATION DOES NOT PAY ANY COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED DOCUMENTS ARE AVAILABLE AT THE BUSINESS OFFICE DURING NORMAL BUSINESS HOURS UPON REQUEST FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PMC VERMONT LLC 350 S FIGUEROA ST SUITE 250 LOS ANGELES CA 90071 383989912 PROPERTY HOLDING LLC CA 887416 16564422 PMC SUPPORT CORPORATION PMC NORTH MISSION ROAD LLC 350 S FIGUEROA ST SUITE 250 LOS ANGELES CA 90071 383989912 PROPERTY HOLDING LLC CA 1153624 16720723 PMC SUPPORT CORPORATION PMC 17TH STREET LLC 350 S FIGUEROA ST SUITE 250 LOS ANGELES CA 90071 383989912 PROPERTY HOLDING LLC CA 962973 16167301 PMC SUPPORT CORPORATION PMC ATLANTIC LLC 350 S FIGUEROA ST SUITE 250 LOS ANGELES CA 90071 383989912 PROPERTY HOLDING LLC CA 967137 19501263 PMC SUPPORT CORPORATION EDNOVATE INC 350 S FIGUEROA ST SUITE 250 LOS ANGELES CA 90071 454005918 EDUCATION CA 501(C)(3) LINE 2 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 0 0