2022-08-05T01:23:41-05:00 2021-12-31 941541507 BIANCHIKASAVAN & POPE LLP 450 LINCOLN AVENUE SUITE 200 SALINAS CA 93901 990 2021-01-01 464896381 PALMA SCHOOL FOUNDATION PALM 8317582401 1418 SOUTH MAIN ST STE 203 SALINAS CA 93908 MATTHEW OTTONE PRESIDENT 8317582401 2022-08-04 1 MATTHEW OTTONE 999009999 AVIV KADOSH P00727367 8317575311 2022-08-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MATTHEW OTTONE 1418 SOUTH MAIN STREETSTE 203 SALINAS CA 93908 518759 0 X N/A X 2013 CA TO PROVIDE SUPPLEMENTAL FINANCIAL SUPPORT FOR THE EDUCATIONAL PROGRAMS AND SERVICES PROVIDED BY PALMA SCHOOL FOR THE BENEFIT OF ITS STUDENTS. 9 9 0 0 0 0 1288566 518759 0 0 0 0 0 0 1288566 518759 0 25000 0 0 0 0 0 0 0 2368 40821 2368 65821 1286198 452938 1287548 1741786 1350 2650 1286198 1739136 X TO PROVIDE SUPPLEMENTAL FINANCIAL SUPPORT FOR THE EDUCATIONAL PROGRAMS AND SERVICES PROVIDED BY PALMA SCHOOL FOR THE BENEFIT OF ITS STUDENTS AND COMMUNITY, CONSISTENT WITH THE SCHOOLS MISSION TO PROVIDE YOUNG MEN AN EXCELLENT COLLEGE PREPARATIORY EDUCATION IN A ROMAN CATHOLIC ENVIRONMENT THAT EMBRACES THE ESSENTIAL ELEMENTS OF AN EDMUND RICE CHRISTIAN BROTHER EDUCATION AND CHALLENGES EACH INDIVIDUAL TO DEVELOP SPIRITUALLY, INTELLECTUALLY, MORALLY, PHYSICALLY, AND SOCIALLY. 0 0 65821 25000 TO RAISE FUNDS FOR STUDENT SUPPORT, SPECIFICALLY FOR FINANCIAL AID AND SCHOLARSHIPS. 65821 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 1 0 0 0 0 0 0 0 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 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X GEORGE GARIBAY 8314226391 919 IVERSON STREET SALINAS CA 93901 X MATTHEW OTTONE PRESIDENT 2.00 X X 0 0 0 JOHN MAZZEI SECRETARY 1.00 X X 0 0 0 PHIL TRINGALI DIRECTOR 1.00 X 0 0 0 JOHN MCCARTHY DIRECTOR 1.00 X 0 0 0 AMY HAAS DIRECTOR 1.00 X 0 0 0 KIM COSTA DIRECTOR 1.00 X 0 0 0 RICHARD DENIER DIRECTOR 1.00 X 0 0 0 MARK CLIFTON DIRECTOR 1.00 X 0 0 0 GINA COCHETTI DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 518759 518759 518759 0 0 0 25000 25000 11695 11695 2404 2404 1400 1400 HOSPITALITY 11990 11990 STIPEND/OUTSIDE SERVICE 8000 8000 BANK FEES 3888 3888 DUES & SUBSCRIPTIONS 954 954 490 490 65821 65821 0 0 1252128 1739986 35420 1800 1287548 1741786 1350 2650 1350 2650 X 0 0 0 0 1286198 1739136 1286198 1739136 1287548 1741786 452938 0 X 0 0 0 X X 1 CHRISTIAN BROTHERS INSTITUTE OF CALIFORNIA DBA PALMA SCHOOL 941322168 2 1 25000 0 1 25000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 1 0 SCHEDULE A,SECTION D, LINE 2 BOTH ORGANIZATIONS MAINTAIN SEPERATE BOARDS IN ORDER NOT TO IMPAIR INDEPENDENCE. SUPPORTED ORGANIZATION KEEPS CLOSE AND CONSTANT COMMUNICATION WITH PALMA SCHOOL FOUNDATION ESPECIALLY IN ORDER TO FACILITATE REQUESTS FOR FUNDING OF ITS CORE PROGRAMS SUBJECT TO APPROVAL BY BOARD. FURTHERMORE, THE SUPPORTING ORGANIZATION PROVIDES MONTHLY REPORTS TO THE SUPPORTED ORGANIZATION REGARDING THE AMOUNT RAISED, AND PROVIDES A REPORT TO THE SUPPORTED ORGANIZATION'S BOARD OF DIRECTORS OF THE ACTIVITIES OF THE SUPPORTING ORGANIZATION. SCHEDULE A,SECTION E, LINE 2A THE ORGANIZATION IS SET UP TO PROVIDE ADDITIONAL FINANCIAL SUPPORT TO THE PALMA SCHOOL AS REQUESTED. MORE SPECIFICALLY, ORGANIZATION IS ESTABLISHED TO ASSIST WITH FINANICAL AID AND SCHOLARSHIP REQUESTS, THEREBY SUPPORTING THE EDUCATIONAL PROGRAMS AND MISSION OF PALMA SCHOOL. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PALMA SCHOOL PAYABLE 2650 2650 X PART X, LINE 2: PART X, QUESTION #2: FIN 48 THE ORGANIZATION HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3). CERTAIN TYPES OF INCOME ARE CONSIDERED UNRELATED BUSINESS TAXABLE INCOME WHICH IS TAXED AT REGULAR CORPORATE INCOME TAX RATES. THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME DURING THE YEAR ENDED DECEMBER 31, 2021. THE ORGANIZATION BELIEVES THAT ITS TAX POSITIONS WILL, MORE LIKELY THAN NOT, BE SUSTAINED BASED ON THEIR TECHNICAL MERITS, SHOULD THERE BE AN EXAMINATION BY A TAXING AUTHORITY. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THEY TOOK NO UNCERTAIN TAX POSITIONS REQUIRING ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD. 1 CHRISTIAN BROTHERS INSTITUTE OF CALIFORNIA DBA PALMA SCHOOL 919 IVERSON STREET SALINAS CA 93901 941322168 25000 0 N/A N/A OPERATIONS SUPPORT & GYM IMPROVEMENTS 1 PART I, LN 2 THE FOUNDATION GRANTS FUNDS TO THE PALMA SCHOOL. THIS IS DONE THROUGH A FORMAL GRANT REQUEST PROCESS AND BOARD APPROVAL IS REQUIRED BEFORE THE DISTRIBUTION OF FUNDS TO THE SCHOOL CAN TAKE PLACE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS AND APPROVES FORM 990 FOR ACCURACY AND COMPLETENESS. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL QUESTIONNARES ARE PROVIDED TO BOARD MEMBERS WHICH REQUIRE MEMBERS TO DISCLOSE ANY INFORMATION THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.