2024-04-05T09:24:15-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 451606949 ACE CHARTER SCHOOL FOUNDATION INC ACEC 4082956008 1100 SHASTA AVENUE 250 SAN JOSE CA 95126 KENNEDY HILARIO CEO 4082956008 2024-04-02 1 KENNEDY HILARIO 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-04-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KENNEDY HILARIO 1100 SHASTA AVE 250 SAN JOSE CA 95126 1044509 0 X N/A X 2011 CA TO PROVIDE FACILITIES, OPERATIONAL AND OTHER SUPPORT TO ACE CHARTER SCHOOLS. 2 2 0 2 0 0 0 0 0 0 2615 41685 1140886 1002824 1143501 1044509 0 0 0 0 0 0 0 0 0 1531835 1377435 1531835 1377435 -388334 -332926 13179769 17005425 11996259 16154841 1183510 850584 TO PROVIDE FACILITIES, OPERATIONAL AND OTHER SUPPORT TO ACE CHARTER SCHOOLS. 0 0 1260612 1002824 TO SUPPORT ACE CHARTER SCHOOL IN PROVIDING FACILITIES AND OPERATIONAL SUPPORT. THE FACILITIES SERVED APPROXIMATELY 950 STUDENTS IN 2022-23 FISCAL YEAR. 1260612 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 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X KENNEDY HILARIO 4082956008 1100 SHASTA AVENUE SAN JOSE CA 95126 JOHN BRONSON CHAIRMAN 1.00 0.00 X X 0 0 0 ALEXANDRA LAKS SECRETARY 1.00 0.00 X X 0 0 0 KENNEDY HILARIO START 722 CEO 1.00 40.00 X 0 115233 15792 GREGORY LIPPMAN END 722 CEO 1.00 40.00 X 0 145976 16547 0 261209 32339 0 0 1 0 0 41685 41685 1002824 0 1002824 1002824 1002824 1044509 1002824 0 41685 384438 384438 605280 493382 111898 382792 382792 OTHER EXPENSES 4925 4925 1377435 1260612 116823 0 66077 66162 677469 518075 12495515 2899160 9979148 9596355 2457075 6824833 13179769 17005425 0 1848 0 29583 11003930 11028760 992329 5094650 11996259 16154841 X 1183510 850584 1183510 850584 13179769 17005425 -332926 0 X X 0 1 X 1 0 X X X 1 ACE CHARTER SCHOOL 261570590 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 12495515 2899160 9596355 9596355 BOND 2016 A&B RESERVE ACCOUNT 1135302 DEFERRED RENT ASSET 1612123 OPERATING RIGHT-OF-USE (ROU) ASSETS 4077408 6824833 OPERATING LEASE LIABILITY 5094650 5094650 X 1044509 0 1044509 0 1044509 1377435 0 1377435 0 1377435 PART X, LINE 2: THE SCHOOL AND FOUNDATION ARE NONPROFIT ENTITIES EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL AND FOUNDATION ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. NO INCOME TAXES ARE PAID BY THE SCHOOL. 0 0 0 0 0 0 0 0 0 GREGORY LIPPMAN END 722 CEO 0 145976 0 0 0 0 0 325 0 16222 0 162523 0 0 A CALIFORNIA SCHOOL FINANCE AUTHORITY CHARTER SCHOOL REVENUE BONDS 680280917 13058TXXX 2016-11-01 13330000 CHARTER SCHOOL FACILITIES AND REFINANCE CONSTRUCTION DEBT 0 1 0 A 1160000 13199897 968168 696700 903841 6113169 4541456 2019 0 0 1 1 A 1 0 0 0 0 0 0 A 1 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT CAN 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. 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 HAS NO EMPLOYEES ITS OFFICERS ARE OFFICERS OF ACE CHARTER SCHOOL AND ARE APPOINTED BY ACE CHARTER SCHOOL. THE CEO'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE CEO'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE 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. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ACE CHARTER SCHOOL FOUNDATION LLC 1100 SHASTA AVENUE SAN JOSE CA 95126 451606949 FACILITIES CA 1044509 17005425 ACE CHARTER SCHOOL FOUNDATION ACE CHARTER SCHOOL 1100 SHASTA AVENUE 250 SAN JOSE CA 95126 261570590 CHARTER CA 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 ACE CHARTER SCHOOL J 983232 FAIR MARKET VALUE