2024-05-15T14:17:08-05:00 2023-06-30 840702965 WhippleWood CPAs PC 11852 Shaffer Dr Bldg B Littleton CO 80127 990 2022-07-01 812021024 Charter Facility Solutions CHAR 3037104240 1390 Lawrence Street Suit 200 Denver CO 80204 Jane Ellis Officer 3037104240 2024-05-15 1 Jane Ellis 999009999 1 Richard J Whipple Jr CPA P00102771 3039897600 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jane Ellis 1390 Lawrence St No 200 Denver CO 80204 478719 0 X http//www.charterfacilitysolutions.org X 2016 CO The mission of CFS is to provide and facilitate affordable facilities solutions 5 5 2 0 0 0 245166 309788 0 0 127150 165709 79528 3222 451844 478719 0 0 0 0 403591 364107 0 0 18238 124229 142113 527820 506220 -75976 -27501 6050599 5225846 4695711 3898459 1354888 1327387 To provide and facilitate affordable facilities solutions that increase the number of high quality public charter school seats for underserved Colorado students. 0 0 292425 152190 Provide and facilitate affordable facilities solutions that increase the number of high quality public charter school seats for underserved Colorado students. 292425 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 0 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CO X The Organization 3037104240 1390 Lawrence Street Suit 200 Denver CO 80204 Tom Gougeon Board Chair 1.00 X X 0 0 0 Patty Gage Treasurer 1.00 X X 0 0 0 Chelsea Carver Secretary 1.00 X X 0 0 0 Peter Droege Board Member 1.00 X 0 0 0 Matt Samelson Board Chair 1.00 X 0 0 0 Jim Ford Board Member 1.00 X 0 0 0 Jane Ellis Executive Director 40.00 X 192916 0 47674 192916 0 47674 1 0 1 0 0 309788 309788 165709 148968 16741 Loan Origination Fees 522200 3222 3222 3222 478719 152190 0 16741 192916 144687 38583 9646 85597 22420 58897 4280 64079 38447 22428 3204 21515 12909 7530 1076 3122 3122 29162 6000 23162 11896 11896 4234 310 3924 4374 1940 2402 32 62590 62590 11376 11376 Facilities and Equipmen 15359 15359 506220 292425 195557 18238 1524993 1358217 4515056 3838583 7580 7207 4692 4692 536 0 2434 21839 6050599 5225846 24961 17681 4670750 3859054 0 21724 4695711 3898459 X 1354888 1327387 1354888 1327387 6050599 5225846 -27501 0 X X 0 1 X 1 0 X 640000 365000 425000 202500 309788 1942288 640000 365000 425000 202500 309788 1942288 679675 1262613 1942288 0.65010 0.36050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4692 4692 0 0 SIMPLE Plan Payable 2500 Lease Liability 19224 21724 X 478719 0 478719 0 478719 506220 0 506220 0 506220 Part X, Line 2: The Organization has adopted accounting guidance related to uncertainty in income taxes. After evaluating the tax positions taken, management of the Organization has determined no amounts are required to be recognized related to uncertain tax positions as of June 30, 2022. With few exceptions, income tax returns filed more than three years ago no longer subject to examination by federal, state, or local taxing authorities. X X 0 0 0 0 0 0 0 0 0 Jane Ellis Executive Director 192916 0 0 0 0 0 5787 0 41887 0 240590 0 0 0 Part I, Line 3 The board of directors sets the executive director's salary based on their review of the local labor market. Form 990, Part VI, Section B, line 11b The 990 is prepared by outside accountants and reviewed by organizational personnel. The complete 990 is then forwarded to the officers of the board for review prior to finalizing and filing. Form 990, Part VI, Section B, line 12c The organization has a conflict of interest policy which pertains to its board of Directors. Board members are required to disclose any and all potential conflicts. Board members with conflicts are required to recuse themselves from conversations and votes pertaining to the conflicts of interest. Form 990, Part VI, Section B, line 15 1. When approving compensation for Directors, Officers, the Executive Director of the organization, contractors, and any other compensation contract or arrangement, in addition to complying with the conflict of interest requirements and related policies, the board or a duly constituted compensation committee of the board shall also comply with the following additional requirements and procedures: a. The terms and compensation shall be approved by the board or compensation committee prior to the first payment of compensation, b. All members of the compensation committee who approve compensation arrangements must not have a conflict of interest with respect to the compensation arrangement as specified in IRS Regulation Section 53 4958-6(c)(III), which generally requires that each board member or committee member approving a compensation arrangement between this corporation and a "disqualified person" I is not the person who is subject of the compensation arrangement, or a family member of such person, II is not in an employment relationship subject to the direction or control of the person who is the subject of the compensation arrangement, III does not receive compensation or other payments subject to approval by the person who is the subject of the compensation arrangement, IV has no material financial interest affected by the compensation arragement, and V does not approve a transaction providing economic benefits to the person who is the subject of the compensation arrangement, who in turn has approved or will approve a transaction providing benefits to the board or committee member. c The board or compensation committee shall obtain and rely upon appropriate data as to comparability prior to approving the terms of compensation. d The terms of compensation and the basis for approving them shall be recorded in written minutes of the meeting of the board or compensation committee that approved the compensation. 2. The Executive Director sets the terms and compensation amounts for all other staff members of the organization officers of the organization do not receive compensation. Form 990, Part VI, Section C, line 19 The organization makes its governing documents and financial statements available to the public upon request. Form 990, Part XII, Line 2c: The organization's entire board of directors reviews the annual audit report.