2024-05-09T17:58:05-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 263878865 KLARE HOLDINGS KLAR 2134894461 1933 S BROADWAY ST 1144 LOS ANGELES CA 90007 KYLE SALYER CHIEF FINANCIAL OFFICER 2134894461 2024-05-07 1 KYLE SALYER 999009999 0 WADE MCMULLEN CPA P00541671 6268577300 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KYLE SALYER 1933 S BROADWAY ST 1144 LOS ANGELES CA 90007 21794410 0 X N/A X 2008 CA TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 3 3 0 3 0 0 6025000 5175000 14830211 15441026 4637 1178284 16822 100 20876670 21794410 0 0 0 0 0 0 0 0 0 15696634 20831975 15696634 20831975 5180036 962435 277764082 291026977 262759780 275060240 15004302 15966737 TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS. 0 0 20551140 15441026 THE ORGANIZATION FINANCES, DEVELOPS, LEASES AND MAINTAINS CERTAIN SCHOOL FACILITIES TO HELP KIPP SOCAL PUBLIC SCHOOLS TO MORE EFFECTIVELY ACHIEVE ITS MISSION OF TOGETHER WITH FAMILIES AND COMMUNITIES, TO CREATE JOYFUL, ACADEMICALLY EXCELLENT SCHOOLS THAT PREPARE STUDENTS WITH THE SKILLS AND CONFIDENCE TO PURSUE THE PATHS THEY CHOOSE COLLEGE, CAREER AND BEYOND SO THEY CAN LEAD FULFILLING LIVES AND CREATE A MORE JUST WORLD. 20551140 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X KYLE SALYER 2134894461 1933 S BROADWAY ST SUITE 1144 LOS ANGELES CA 90007 KYLE SALYER CHIEF FINANCIAL OFFICER 1.00 45.00 X 0 250374 30669 NOLAN HIGHBAUGH PRESIDENT 1.00 X X 0 0 0 JEFF STRNAD SECRETARY 1.00 X X 0 0 0 JASON WILLIAMS TREASURER 1.00 X X 0 0 0 0 250374 30669 0 0 1 0 JUAN GONZALEZ DBA LA CENTRAL IRON WORKS 7413 S CENTRAL AVE LOS ANGELES CA 90001 FACILITY MAINTENANCE & REPAIR SERVICES 130803 SHEPPARD MULLIN RICHTER & HAMPTON LLP 333 S HOPE ST 43RD FLOOR LOS ANGELES CA 90084 LEGAL SERVICES 114544 THE HUTTS GROUP LLC 3848 S SYCAMORE AVE LOS ANGELES CA 90008 GOVERNMENT AFFAIRS SERVICES 108750 3 5000000 175000 5175000 RENTAL INCOME 611110 15441026 15441026 15441026 1178284 1178284 OTHER REVENUE 611110 100 100 100 21794410 15441026 0 1178384 67943 67943 29402 29402 179986 179986 169 169 1345635 1345635 8246075 8246075 6483856 6483856 UNRECOVERABLE PROJECT C 3964546 3964546 SETTLEMENT AGREEMENT 469300 469300 ALL OTHER EXPENSES 41728 41728 DUES AND FEES 3335 3335 20831975 20551140 280835 0 15756701 4678543 47411630 31098527 16122 4750 66041 8294 254059656 29067407 209686388 224992249 7415654 4827200 22828960 277764082 291026977 5637789 4851131 2069611 3879321 184245364 180921954 35299840 29033415 35507176 56374419 262759780 275060240 X 15004302 15966737 15004302 15966737 277764082 291026977 962435 0 X X 0 1 X 1 0 X X X 1 KIPP SOCAL PUBLIC SCHOOLS 261607268 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64792676 64792676 145229130 19710683 125518447 19403599 7650930 11752669 2445698 1705794 739904 22188553 22188553 224992249 DUE FROM KIPP SOCAL PUBLIC SCHOOLS 509499 SECURITY DEPOSITS 322180 DEFERRED RENT ASSET 4330428 OPERATING RIGHT OF USE ASSETS 17666853 22828960 DUE TO KIPP SOCAL PUBLIC SCHOOLS 35874641 GRANT FUND RESERVE PAYABLE 516000 DEFERRED RENT LIABILITY 188332 OPERATING LEASE LIABILITY 19795446 56374419 X 21794410 0 21794410 0 21794410 20831975 0 20831975 0 20831975 PART X, LINE 2: KLARE HOLDINGS IS A NONPROFIT ENTITY EXEMPT FROM THE PAYMENT OF STATE INCOME TAXES UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D AND HAS APPLIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. KLARE HOLDINGS 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 ITS 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. KLARE HOLDINGS FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. 0 0 0 0 0 0 0 0 0 KYLE SALYER CHIEF FINANCIAL OFFICER 0 250374 0 0 0 0 0 17251 0 13418 0 281043 0 0 PART I, LINE 3 THE KIPP SOCAL BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. THE PROCESS INCLUDES REVIEW OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE GOVERNANCE COMITTEE AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. A CA SCHOOL FINANCE AUTH 680280917 13059TAR0 2014-06-25 28320000 ACQUISITION, CONSTRUCTION AND REFINANCING 0 0 0 B CA SCHOOL FINANCE AUTH 680280917 13059TBZ1 2015-09-17 27420000 ACQUISITION, CONSTRUCTION AND REFINANCING 0 0 0 C CA SCHOOL FINANCE AUTH 680280917 13059TEW5 2017-08-16 40750000 ACQUISITION AND CONSTRUCTION 0 0 0 D CA SCHOOL FINANCE AUTH 680280917 13059TFV6 2019-06-20 47715000 ACQUISITION AND CONSTRUCTION 0 0 0 A 3895000 28407269 1387056 945189 905808 25169216 2016 0 0 1 1 B 3265000 28593456 1816956 934332 881064 24961104 2017 0 0 1 1 C 2905000 46078552 2687000 1750394 899773 40741385 2019 0 0 1 1 D 600000 55904983 1496250 2912695 957038 50539000 2021 0 0 1 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 A CA SCHOOL FINANCE AUTH 680280917 13059THA0 2020-12-17 33410000 ACQUISITION AND DEVELOPMENT 0 0 0 A 39108606 940500 2441937 726168 23477363 11522638 2024 0 0 0 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 3 KIPP SOCAL PUBLIC SCHOOLS FORM 990, PART VI, SECTION A, LINE 6 KIPP SOCAL PUBLIC SCHOOLS IS THE SINGLE MEMBER OF KLARE HOLDINGS. FORM 990, PART VI, SECTION A, LINE 7A KIPP SOCAL PUBLIC SCHOOLS, AS THE SINGLE MEMBER OF KLARE HOLDINGS, IS ABLE TO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE SINGLE MEMBER AS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE ORGANIZATION'S FORM 990 FOLLOWING COMPLETION OF THE FORM AND PRIOR TO 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 C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGE FROM LAST YEAR. 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