2025-06-05T11:41:17-05:00 2024-09-30 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2023-10-01 660652247 GUAM EDUCATION FINANCING FOUNDATION INC GUAM 4045042772 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 JOHN HAND PRESIDENT 4045042772 2025-06-05 1 0 ANDREW CASE P01253338 4042537500 2023 2025-03-06 01:10:19Z JOHN HAND 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GEORGIA GQ 30326 1491951 0 X N/A X 2004 GU TO HOLD TITLE TO, LEASE AND MAINTAIN SCHOOLS FOR GUAM GOVERNMENT. 3 2 0 0 0 0 0 0 1000000 1000000 445727 340866 205742 151085 1651469 1491951 0 0 0 0 144000 144000 0 0 0 1945277 1920965 2089277 2064965 -437808 -573014 21529608 16862806 18670835 14577047 2858773 2285759 OPERATE BY HOLDING TITLE TO SCHOOLS TO BE CONSTRUCTED FOR THE BENEFIT OF AND LEASED TO THE GOVERNMENT OF GUAM. 0 0 1718371 1000000 DEVELOP AND MAINTAIN LIGUAN ELEMENTARY SCHOOL, ASTUMBO MIDDLE SCHOOL, OKKODO HIGH SCHOOL AND ADACAO ELEMENTARY SCHOOL. 1718371 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 GU X SHERRY COSTO 4045042773 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 JOHN R HAND PRESIDENT 3.00 17.00 X X 64133 0 0 JAMES R WILSON VICE PRESIDENT 3.00 17.00 X X 64133 0 0 MICHAEL C DOYLE DIRECTOR 3.00 X 0 0 0 PHIL FLORES DIRECTOR 3.00 1.00 X 2800 0 0 MICHAEL J ALVAREZ SECRETARY 3.00 5.00 X 0 0 0 131066 0 0 0 0 0 0 GLOBAL FOOD SERVICES LLC PO BOX L HAGATNA GQ 96932 MAINTENANCE & CUSTODIAL SERVICES 646807 1 LEASE INCOME 532000 1000000 1000000 1000000 340866 340866 UNREALIZED GAIN 532000 151085 151085 151085 1491951 1000000 0 491951 144000 144000 168850 168850 21500 21500 12244 12244 37311 37311 22184 22184 664771 664771 115150 115150 MAINTENANCE AND CUSTODI 869855 869855 TRUSTEE FEES 9100 9100 2064965 1718371 346594 0 639 1532 6840765 6795751 14673763 10040620 12588 24903 1853 0 21529608 16862806 465563 428448 16743425 12862946 1461847 1285653 18670835 14577047 X -4649049 -5222063 7507822 7507822 2858773 2285759 21529608 16862806 X -573014 0 X 0 1 X 1 0 0 DUE TO RELATED PARTIES 1285653 1285653 X 1491951 0 1491951 0 1491951 2064965 0 2064965 0 2064965 PART X, LINE 2: THE FOUNDATION IS A TAX EXEMPT ORGANIZATION UNDER SECTION 26203(C) CHAPTER TITLE 11, G.C.A. OF THE BUSINESS PRIVILEGE TAX LAW AND SECTION 501(C)(4)OF THE GUAM TERRITORIAL INCOME TAX LAW. MANAGEMENT OF THE FOUNDATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE FOUNDATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE FOUNDATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. A GUAM PUBLIC SCHOOL SYSTEM - GOVERNMENT OF GUAM 980018947 40064UAT9 2016-08-01 28517258 NEW SCHOOL CONSTRUCTION 0 0 0 B GUAM PUBLIC SCHOOL SYSTEM - GOVERNMENT OF GUAM 980018947 40064UBA0 2016-08-01 13577608 NEW SCHOOL CONSTRUCTION 0 0 0 A 30045000 2670000 28517258 586081 27350793 580385 1 0 1 1 B 12905000 13577608 276332 13022232 276332 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 IRONWOOD VII THE ENTITY IS OWNED BY THE INMAN RESIDUAL SHARE TRUST AND JOHN HAND. 51850 GUAM EDUCATION FINANCING FOUNDATION SHARES OFFICE SPACE, OFFICE SUPPLIES, AND ADMINISTRATIVE PERSONNEL WITH IRONWOOD VII. PAYMENT TO IRONWOOD VII FOR THIS USE IS MADE BY IBDI2, A RELATED COMPANY. 0 FORM 990, PART VI, SECTION A, LINE 2 THE INMAN RESIDUAL SHARE TRUST, MARY INMAN TRUSTEE, JOHN HAND, AND JAMIE WILSON ARE EQUAL PARTNERS THAT OWN 100% OF IRON BRIDGE DEVELOPMENT INTERNATIONAL. JOHN AND JAMIE ARE OFFICERS AND DIRECTORS OF GUAM EDUCATION FINANCING FOUNDATION, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS E-MAILED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. THE BOARD REVIEWS ANY DISCLOSURES AT BOARD MEETINGS TO DETERMINE IF ANY FURTHER ACTION IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS COMPARED TO OTHER 990S AND BOARD FEES, APPROVED BY THE BOARD OF DIRECTORS, AND DELIBERATION IS DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GUAM EDUCATION FINANCING FOUNDATION, INC WILL MAKE THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM XI, LIN 9: THE FOUNDATION'S FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2024, INCLUDED TEMPORARILY RESTRICTED NET ASSETS WHICH DID NOT HAVE DONOR-IMPOSED RESTRICTIONS. THE FOUNDATION DETERMINED THAT THESE SHOULD BE CLASSIFIED AS UNRESTRICTED NET ASSETS. THE FOUNDATION ALSO DETERMINED THAT THE LEASE, PREVIOUSLY RECORDED AS AN OPERATING LEASE, SHOULD HAVE BEEN RECORDED AS A DIRECT FINANCING LEASE. AS SUCH, PROPERTY, EQUIPMENT AND ACCUMULATED DEPRECIATION WERE REMOVED FROM THE BALANCE SHEET AND A NET INVESTMENT IN DIRECT FINANCING LEASE WAS RECORDED. GUAM EDUCATION FINANCING FOUNDATION II INC 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 660759771 TO CONSTRUCT AND HOLD TITLE TO SCHOOLS FOR GUAM GOVERNMENT. GQ 501(C)(4) 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL LLC 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 204321074 ADMINISTRATION GA N/A N/A 0 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL II LLC 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 274016357 ADMINISTRATION GA N/A N/A 0 0 IRONWOOD VII LLC 3340 PEACHTREE ROAD SUITE 1780 ATLANTA GA 30326 811032879 ADMINISTRATION GA N/A N/A 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 IRON BRIDGE DEVELOPMENT INTERNATIONAL II LLC E 94615 LOAN BALANCE IRONWOOD VII M 51850 CONTRACT GUAM EDUCATION FINANCING FOUNDATION INC D 6500 LOAN BALANCE