2024-04-09T14:58:38-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 E ROUTE 66 GLENDORA CA 91740 990 2022-07-01 460504300 THE LEGACY FUND LEGA 7145600900 1010 N MAIN STREET SANTA ANA CA 92701 STEVE WAGNER CEO & VP OPERATIONS 7145600900 2024-04-02 1 STEVE WAGNER 999009999 0 DERRICK DEBRUYNE CPA P00591016 6268577300 2024-04-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEVE WAGNER 1010 N MAIN STREET SANTA ANA CA 92701 5951209 0 X N/A X 2004 CA TO BENEFIT THE ORANGE COUNTY SCHOOL OF THE ARTS (OCSA) AND THE OCSA FOUNDATION. 3 2 0 4 0 0 2839225 1059228 4836000 4836000 78752 55981 0 0 7753977 5951209 900500 1395073 0 0 0 0 0 0 0 3986995 3797316 4887495 5192389 2866482 758820 64732698 69180477 38514524 42203483 26218174 26976994 TO BENEFIT THE ORANGE COUNTY SCHOOL OF THE ARTS (OCSA) AND THE ORANGE COUNTY SCHOOL OF THE ARTS FOUNDATION. 0 0 4942468 1395073 4836000 THE LEGACY FUND (THE FUND) IS A NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED UNDER THE NON-PROFIT PUBLIC BENEFIT CORPORATION LAW OF THE STATE OF CALFIORNIA. THE FUND WAS ORGANIZED FOR THE SPECIFIC PURPOSE TO BENEFIT THE ORANGE COUNTY SCHOOL OF THE ARTS (OCSA) AND THE ORANGE COUNTY SCHOOL OF THE ARTS FOUNDATION (THE FOUNDATION). ITS MAIN FUNCTION IS TO HOLD AND DEVELOP FACILTIES FOR THE BENEFIT OF OCSA. 4942468 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X STEVE WAGNER 7145600900 1010 N MAIN STREET SANTA ANA CA 92701 STEVE WAGNER CEO & VP OPERATIONS 1.00 40.00 X 0 354908 53534 JOYCE CHRISTENSEN CFO 15.00 X X 0 16403 0 BERNARD SCHNEIDER PRESIDENT (TERM BEGIN 11/10/22) 2.00 X X 0 0 0 MICHAEL FONG PRESIDENT (TERM ENDED 11/1/22) 2.00 X X 0 0 0 CAMBRIA CLINE SECRETARY 2.00 X X 0 0 0 0 371311 53534 0 0 1 0 CHARLES R MCNABB-MCNABB FAMILY TRUST 188 S STARLIGHT DR ANAHEIM CA 92807 RENT 228000 OPACIC CONSULTING GROUP 2222 N HELIOTROPE DR SANTA ANA CA 92706 CONSULTING 150000 2 1054331 4897 1059228 RENTAL INCOME 531120 4836000 4836000 4836000 55981 55981 5951209 4836000 0 55981 1395073 1395073 144000 144000 24550 24550 385133 385133 46 46 1229453 1229453 1932809 1932809 5744 5744 OTHER EXPENSES 75581 75581 5192389 4942468 249921 0 4532782 201252 200985 5494219 2515000 1590000 71234 80597 71788688 15869866 57163960 55918822 248737 5895587 64732698 69180477 180910 316899 230784 0 38102830 35742220 0 6144364 38514524 42203483 X 23390295 23094238 2827879 3882756 26218174 26976994 64732698 69180477 758820 0 X X 0 1 X 1 0 X 65350 45862 8516922 2839225 1059228 12526587 65350 45862 8516922 2839225 1059228 12526587 12526587 23918 55628 78915 78752 55981 293194 12819781 17911500 0.97710 0.96160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12918591 12918591 57709499 15869217 41840282 810 649 161 1159788 1159788 55918822 DEPOSITS 6734 RIGH-OF-USE LEASE ASSET - OPERATING 5888853 5895587 DUE TO RELATED PARTIES 24116 LEASE LIABILITY - OPERATING 6120248 6144364 X 5951209 0 5951209 0 5951209 5192389 0 5192389 0 5192389 PART X, LINE 2: THE FUND QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER THE APPLICABLE SECTIONS OF THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. THE FUND HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED ARE RELATED TO THE FUND'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES CONDUCTED THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE FUND FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. 0 CALIFORNIA SCHOOL OF THE ARTS - SAN GABRIEL VALLEY 1401 HIGHLAND AVE DUARTE CA 91010 813919990 501(C)3 395073 0 EDUCATION ORANGE COUNTY SCHOOL OF THE ARTS 1010 N MAIN STREET SANTA ANA CA 92701 330891574 501(C)3 1000000 0 EDUCATION 2 0 0 0 0 0 0 0 0 0 STEVE WAGNER CEO & VP OPERATIONS 0 320486 0 0 0 34422 0 53450 0 84 0 408442 0 0 PART I, LINE 1B THE EXECUTIVE DIRECTOR'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 EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. FORM 990, PART VI, SECTION A, LINE 3 AN AGREEMENT WAS SIGNED ON SEPTEMBER 14, 2009 FOR A RELATED PARTY (OCSA) TO PERFORM PROPERTY MANAGEMENT, ACCOUNTING AND FINANCIAL REPORTING FOR THE LEGACY FUND. A $2,000 FEE IS PAID MONTHLY FOR THIS SERVICE. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE 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 SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL 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 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ORANGE COUNTY SCHOOL OF THE ARTS 1010 N MAIN STREET SANTA ANA CA 92701 330891574 SCHOOL CA 501(C)(3) LINE 2 N/A 0 OCSA FOUNDATION 1010 N MAIN STREET SANTA ANA CA 92701 330377341 FUNDRAISING CA 501(C)(3) LINE 7 N/A 0 CALIFORNIA SCHOOL OF THE ARTS - SAN GABRIEL VALLEY 1401 HIGHLAND AVE DUARTE CA 91010 813919990 SCHOOL CA 501(C)(3) LINE 2 N/A 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0