2026-01-14T10:05:39-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-07-01 953865680 ESCROW AGENTS' FIDELITY CORPORATION ESCR 3104770044 11150 W OLYMPIC BLVD 840 LOS ANGELES CA 900641817 DANIEL BOVILL PRESIDENT 3104770044 2026-01-14 1 1 LISA N RYSSEL CPA P00643670 7149781300 2026-01-09 2024 2025-03-06 01:10:19Z DANIEL BOVILL 11150 W OLYMPIC BLVD 840 LOS ANGELES CA 900641817 1743503 0 1 X WWW.EAFC.ORG X 1983 CA THE PURPOSE OF ESCROW AGENTS' FIDELITY CORPORATION IS TO INDEMNIFY MEMBERS AGAINST LOSS OF TRUST OBLIGATIONS HELD BY A MEMBER AS A RESULT OF THE FRAUDULENT OR DISHONEST ABSTRACTION, MISAPPROPRIATION, OR EMBEZZLEMENT OF TRUST OBLIGATIONS. 12 12 4 12 0 0 0 0 1202510 1286349 316265 363731 1995 20369 1520770 1670449 0 0 0 0 593718 568753 0 0 0 594611 1777963 1188329 2346716 332441 -676267 8369434 8823562 1068647 2168367 7300787 6655195 THE PURPOSE OF ESCROW AGENTS' FIDELITY CORPORATION IS TO INDEMNIFY MEMBERS AGAINST LOSS OF TRUST OBLIGATIONS HELD BY A MEMBER AS A RESULT OF THE FRAUDULENT OR DISHONEST ABSTRACTION, MISAPPROPRIATION, OR EMBEZZLEMENT OF TRUST OBLIGATIONS. 0 0 THE OPERATIONS FUND ASSESSMENT USING A FORMULA BASED UPON THE ESTIMATED OPERATIONS BUDGET AND THE OPERATIONS FUND SURPLUS TO ASSESS THE MEMBERSHIP FOR THE DAY TO DAY FUNCTION OF THE ORGANIZATION. AS OF JUNE 30, 2025, ESCROW AGENTS' FIDELITY CORPORATION HAD 1,076 LOCATIONS. THE FIDELITY FUND ASSESSMENT USING A FORMULA BASED UPON THE AMOUNT TO BE ASSESSED, THE AVERAGE MONTHLY TRUST LIABILITIES OF EACH MEMBER DETERMINES THE AMOUNT TO BE ASSESSED FOR THE ENTIRE MEMBERSHIP TO PAY THE COST OF THE BOND AND CLAIM PAYMENTS. 0 0 0 1 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 1 14 0 1 4 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 X DANIEL BOVILL 3104770044 11150 W OLYMPIC BLVD STE 840 LOS ANGELES CA 90064 NANCY SILBERBERG VICE CHAIR 1.00 X X 2400 0 0 TED BOYCE DIRECTOR 2.00 X 2000 0 0 PAT GARCIA TREASURER 1.00 X X 2400 0 0 JASON WATROUS CHAIR 1.00 X X 2400 0 0 ALICE TSANG LANCER DIRECTOR 1.00 X 2400 0 0 DAVE BROOKS DIRECTOR 1.00 X 2000 0 0 JENNIFER WOODARD VICE CHAIR 1.00 X 1600 0 0 JEFF SPRY DIRECTOR 1.00 X 1600 0 0 HEATHER SIRACUSA SECRETARY 1.00 X X 2400 0 0 CAREN GAGE DIRECTOR 1.00 X 2000 0 0 LUIS CARRION DIRECTOR 1.00 X 2000 0 0 FAY ARVIN DIRECTOR 1.00 X 800 0 0 LAURA PADILLA DIRECTOR (THRU 07/24) 1.00 X 2000 0 0 DANIEL BOVILL PRESIDENT 50.00 X 261774 0 45107 287774 0 45107 1 0 1 0 0 ASSESSMENTS 524298 1196084 1196084 CERTIFICATE FEE 524298 41035 41035 REVOKED LICENSES INCOM 524298 22008 22008 LATE FEE CHARGES 524298 16137 16137 UNCLAIMED MEMBERSHIP R 524298 11085 11085 1286349 363304 363304 73481 73054 427 427 427 OTHER 900099 20369 20369 20369 1670449 1306718 0 363731 390807 119089 29992 28865 196509 25356 3413 10376 3606 70831 2592 32999 LOSSES ON CLAIMS 1037861 FIDELITY BOND EXPENSE 295716 LEGISLATIVE EXPENSES 34560 MEMBERSHIP FEES 30000 34144 2346716 98559 93125 2185233 2404847 72884 67973 18537 13603 45079 29260 17537 15819 5747889 6056504 228795 171691 8369434 8823562 1068647 2168367 1068647 2168367 X 7300787 6655195 7300787 6655195 8369434 8823562 -676267 30675 0 X X 0 1 X 1 0 0 0 0 1196084 34560 34560 34560 45079 29260 15819 15819 REFUNDS DUE SURRENDERED MEMBERS 340377 DEFERRED COMPENSATION 529867 OPERATING LEASE LIABILITIES 173262 DEPOSITS HELD ON MEMBERSHIP APPLICATIONS PENDING 87000 RESERVE FOR FIDELITY CLAIMS 1037861 2168367 X 1667711 30675 30675 1637036 3413 30000 33413 1670449 2313303 0 2313303 3413 30000 33413 2346716 PART X, LINE 2: EAFC IS EXEMPT AS A 501(C)(6) ORGANIZATION FROM FEDERAL INCOME TAX AND FROM CALIFORNIA FRANCHISE TAX PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 501 AND THE RELATED CALIFORNIA REVENUE AND TAXATION CODE SECTIONS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY EAFC ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP FEES 30,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP FEES 30,000. X X 0 1 0 DANIEL BOVILL PRESIDENT 261774 0 0 0 0 0 21000 0 24107 0 306881 0 0 0 PART I, LINE 4B ESCROW AGENTS' FIDELITY CORPORATION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN, 457 (B), COVERING DANIEL BOVILL, PRESIDENT. DURING THE YEAR ENDED DECEMBER 31, 2024, THERE WAS A CONTRIBUTION OF $21,000 TO THE PLAN. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE ONE (1) CLASS OF MEMBERS OF THE CORPORATION. THE MEMBERS OF THE CORPORATION SHALL CONSIST OF ALL PERSONS WHO ARE REQUIRED TO BE MEMBERS PURSUANT TO SECTION 17312 OF CHAPTER 2.5 OF DIVISION 6 OF CALIFORNIA'S FINANCIAL CODE. AT THE TIME AN ESCROW AGENT BECOMES A MEMBER OF THE CORPORATION, IT SHALL AGREE TO COMPLY WITH ANY RULES AND REGULATIONS OF THE CORPORATION IN EFFECT THEN, OR ADOPTED IN THE FUTURE, AND SHALL SIGN A STATEMENT ACKNOWLEDGING THAT IT WILL COMPLY WITH THOSE RULES AND REGULATIONS AND ANY OTHER RULES AND REGULATIONS ADOPTED BY THE CORPORATION. THE SIGNED ACKNOWLEDGMENT SHALL REMAIN IN EFFECT UNTIL THE LICENSE IS SURRENDERED TO THE DEPARTMENT OF CORPORATIONS, WHETHER OR NOT THE OWNERSHIP IS SUBSEQUENTLY CHANGED AND SHALL BE DEEMED EFFECTIVE AND BINDING AS TO ALL STOCK OWNERS OR THEIR TRANSFEREES. EACH MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ONE (1) VOTE FOR EACH LICENSED LOCATION AS REFLECTED BY THE CORPORATION'S RECORDS ON THE LAST DAY OF THE PRECEDING FISCAL YEAR. VOTES MAY BE CAST BY MEMBERS, THEIR AUTHORIZED REPRESENTATIVE OR BY PROXY. MEMBERS SHALL HAVE THE RIGHT TO CUMULATE THEIR VOTES. THERE SHALL BE NO FRACTIONAL VOTING. "AUTHORIZED REPRESENTATIVE" MEANS AN OFFICER, DIRECTOR OR MANAGER OF A MEMBER WHO HAS BEEN REGISTERED IN WRITING WITH THE CORPORATION BY THE MEMBER ON THE RECORD DATE SPECIFIED IN ARTICLE III, SECTION 5. 3 A MEMBER NOT IN GOOD STANDING AS SET FORTH IN SECTION 10 OF THIS ARTICLE II, SHALL NOT BE ENTITLED TO VOTE ON ANY MATTER. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUAL MEETING OF THE MEMBERS SHALL BE HELD NO LATER THAN 10:00 A.M. ON THE THIRD WEDNESDAY OF SEPTEMBER EACH YEAR AT THE CORPORATION'S PRINCIPAL OFFICE OR AT SUCH OTHER TIME AND PLACE AS DESIGNATED BY THE BOARD. SHOULD THE DATE FIXED FOR THE ANNUAL MEETING FALL UPON A LEGAL HOLIDAY, THE MEETING SHALL BE HELD AT THE SAME TIME AND PLACE ON THE NEXT DAY WHICH IS NOT A SATURDAY, SUNDAY OR LEGAL HOLIDAY. THE PURPOSE OF THE ANNUAL MEETING SHALL BE TO ELECT DIRECTORS AND TO TRANSACT SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. IF THE ELECTION OF DIRECTORS SHALL NOT BE HELD ON THE DAY DESIGNATED PURSUANT TO THIS SECTION 2 OF ARTICLE III, THE BOARD SHALL CAUSE THE ELECTION TO BE HELD AT A SPECIAL MEETING OF THE MEMBERS AS SOON THEREAFTER AS IS CONVENIENT. THE MEMBERS ENTITLED TO NOTICE OF ANY MEETING OR TO VOTE AT ANY SUCH MEETING SHALL BE ONLY THOSE PERSONS AND ENTITIES IN WHOSE NAMES AND MEMBERSHIPS IN GOOD STANDING APPEAR ON THE RECORDS OF THE CORPORATION ON THE RECORD DATE. THE CORPORATION MAY ADOPT REASONABLE RULES AND REGULATIONS DESIGNED TO ENSURE THAT ONLY THE DULY AUTHORIZED REPRESENTATIVE OF A MEMBER SHALL VOTE. EACH MEMBER SHALL HAVE ONLY ONE AUTHORIZED REPRESENTATIVE, REGARDLESS OF THE NUMBER OF VOTES IT IS ENTITLED TO CAST OR THE NUMBER OF ITS LICENSED LOCATIONS. ELECTIONS NEED NOT BE BY BALLOT SO LONG AS ALL MEMBERS HAVE A REASONABLE OPPORTUNITY TO ELECT AMONG THE NOMINEES. IN ANY ELECTION OF OFFICERS OR DIRECTORS, THE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES ARE ELECTED. MEMBERS MAY, BUT SHALL NOT BE REQUIRED TO, CUMULATE THEIR VOTES IN THEIR ELECTION OF DIRECTORS. IF CUMULATIVE VOTING IS USED, THE REQUIREMENTS OF CORPORATIONS CODE 7615 SHALL BE COMPLIED WITH. CUMULATIVE VOTING SHALL ONLY BE PERMITTED TO BE USED IN THE ELECTION OF DIRECTORS AND FOR NO OTHER PURPOSE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, THERE WERE NO MEETINGS OR WRITTEN ACTIONS BY SUCH COMMITTEES TO DOCUMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE IT WAS FILED. IT IS REVIEWED BY THE PRESIDENT AND FINANCE CHAIR. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT REVIEWS THE 990 WITH THE CPA BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION'S EMPLOYEES ARE REQUIRED TO SIGN THE EMPLOYEE HANDBOOK WHICH CONTAINS THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION DOES NOT ISSUE A CONFLICT OF INTEREST REPRESENTATION LETTER OR QUESTIONNAIRE TO THE BOARD MEMBERS WHICH WOULD DISCLOSE ANY CONFLICT OF INTERESTS BETWEEN THE ORGANIZATION AND THE BOARD MEMBERS, ALTHOUGH THE ORGANIZATION DOES ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST ORALLY DURING THE ORGANIZATION'S BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT AND ADMINISTRATIVE OFFICER INCLUDES REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE, USE OF COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE AND THE BOARD REVIEW AND APPROVE THE PRESIDENT'S SALARY AND SET IT. THEY ALSO PERFORM AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND DETERMINE IF A BONUS IS EARNED. THE REVIEW INCLUDES A PERFORMANCE EVALUATION AGAINST GOALS SET FOR THE YEAR; THE SALARY INCREASE AND PERFORMANCE RATINGS ARE BASED ON THE ACHIEVEMENT OF THESE GOALS AS WELL AS MARKET INDICATORS. THIS PROCESS WAS LAST COMPLETED IN FY 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990. PART XII, LINE 2C. THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.