2016-02-15T11:18:45-06:00 2015-06-30 770051130 ABBOTT STRINGHAM & LYNCH 1550 LEIGH AVE SAN JOSE CA 95125 990 2014-07-01 465073349 E C S V REAL ESTATE ECSV 4085734802 1399 SANTEE DRIVE SAN JOSE CA 95122 MARY ANN DEWAN CHAIR 4085734802 2016-02-10 1 SHEBA B DALANEY P00351252 4083778700 2016-02-10 2014 2016-08-17 19:52:53Z MARY ANN DEWAN 1399 SANTEE DRIVE SAN JOSE CA 95122 87078 0 X EDUCARESV.ORG/ X 2013 CA THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE TO E.C.S.V. AN EDUCATION FACILITY IN SAN JOSE. 6 6 0 9 0 0 92500 87078 0 0 0 0 0 0 92500 87078 0 0 0 0 0 0 0 0 0 386075 169110 386075 169110 -293575 -82032 13974588 20515113 14268163 15447984 -293575 5067129 X THE PRIMARY FUNCTION IS TO OPERATE AND SUBLEASE AN EDUCATION FACILITY LOCATED IN SAN JOSE, CA TO ECSV. ORGANIZATION RECEIVED LOANS TO CONSTRUCT THE BUILDING VIA A NEW MARKETS TAX CREDIT FINANCING TRANSACTION. 0 0 ECSV REAL ESTATE (THE ORGANIZATION") WAS FORMED FOR THE BENEFIT OF EDUCARE OF CALIFORNIA AT SILICON VALLEY ("ECSV"). ECSV IS A NONPROFIT, 501(C)(3) ORGANIZATION WHOSE MISSION IS TO BUILD AND OPERATE AN EARLY LEARNING CENTER IN SAN JOSE, CALIFORNIA TO HELP ENSURE THAT THE CHILDREN THEREBY SERVED WILL SUCCEED IN SCHOOL AND LATER LIFE. ECSV OFFERS CURRICULA AND PROGRAMS FOCUSED ON DELIVERING BEST PRACTICES IN EARLY CHILDHOOD DEVELOPMENT AND EDUCATION. THE PURPOSE OF THE ORGANIZATION IS TO SERVE AS A SUPPORTING ORGANIZATION FOR ECSV. THE ORGANIZATION PARTICIPATED IN A NEW MARKETS TAX CREDIT TRANSACTION THAT PROVIDED FUNDS TO FINANCE THE CONSTRUCTION AND DEVELOPMENT OF A FACILITY LOCATED IN SAN JOSE, CALIFORNIA. CONSTRUCTION WAS IN PROGRESS AT THE END OF THE FISCAL YEAR. NO PROGRAM SERVICE REVENUES OR EXPENSES FOR THE YEAR ENDED JUNE 30, 2015. 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 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 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X ABBOTT STRINGHAM & LYNCH 4083778700 1550 LEIGH AVENUE SAN JOSE CA 95125 X JOLENE SMITH TREASURER 8.00 X X 0 0 0 MARY ANN DEWAN VICE CHAIR (INTERIM CHAIR) 4.00 X X 0 0 0 CHRIS FUNK GOVERNANCE BOARD MEMBER 4.00 X 0 0 0 JEFF SUNSHINE SECRETARY 4.00 X X 0 0 0 MEGAN LAMKEN GOVERNANCE BOARD MEMBER 12.00 X 0 0 0 LISA KAUFMAN EXECUTIVE DIRECTOR 20.00 X 0 0 0 0 0 0 0 0 0 0 HUSCH BLACKWELL LLP PO BOX 790379 ST LOUIS MO 63179 ATTORNEY 116000 1 87078 87078 87078 0 0 0 61263 61263 134 134 54343 54343 50684 50684 TAXES AND FEES 1280 1280 BUSINESS FILING FEE 850 850 BANK FEES 556 556 169110 0 169110 0 12432857 3559542 5442736 32371 4961 1509360 11507874 13974588 20515113 940 1180761 14267223 14267223 14268163 15447984 X -293575 5067129 -293575 5067129 13974588 20515113 -82032 5442736 0 X X 0 1 X 1 0 X X 1 ECSV 455147937 7 0 87078 0 1 87078 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE A, PAGE 4, SECTION A, LINE 1 THE ORGANIZATION WAS FORMED TO OWN THE BUILDING WHICH IS LEASED TO SUPPORTED ORGANIZATION E.C.S.V. TO FURTHER THE GOALS OF THE SUPPORTED ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CONSTRUCTION IN PROGRESS: CAPITALIZED NMTC FEES 468012 CONSTRUCTION IN PROGRESS: ARCHITECTURE, DESIGN, PERMITS 1027166 CONSTRUCTION IN PROGRESS: BUILDING 10012696 11507874 CDE LOAN A 9993000 CDE LOAN B 4274223 14267223 X 5571414 5484336 5484336 87078 0 87078 210710 41600 41600 169110 0 169110 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 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 THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATIONS FILE INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND STATE OF CALIFORNIA. THE ORGANIZATION'S FEDERAL RETURNS COULD BE SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR 3 YEARS AFTER THEY ARE FILED. THE ORGANIZATION'S CALIFORNIA RETURNS COULD BE SUBJECT TO EXAMINATION BY THE STATE TAXING AUTHORITIES FOR 4 YEARS AFTER THEY ARE FILED. 1 X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 GOVERNANCE BOARD MEMBERS REVIEWED AND APPROVED THE JOB DESCRIPTION, POSITION POSTING, AND HIRING PROCESS FOR THE EXECUTIVE DIRECTOR. COMPARABLE COMPENSATION WAS DERIVED FROM DATA FROM OTHER EDUCARE PROGRAMS THROUGHOUT THE U.S. APPROVAL WAS DOCUMENTED IN MINUTES TO THE EXECUTIVE COMMITTEE MEETING. FORM 990 PART VII LINE 5 NAME OF THE UNRELATED ORGANIZATION: SANTA CLARA COUNTY OFFICE OF EDUCATION TYPE OF COMPENSATION: WAGES AMOUNT OF COMPENSATION: $75,000 NAME OF RECIPIENT: MATTHEW R TINSLEY JOHN PORTER CHAIR OF ORGANIZATION, SUPERINTENDENT OF FRANKLIN-MCKINLEY SCHOOL DISTRICT 13100000 ORGANIZATION ENTERED INTO A DEVELOPMENT AGREEMENT WITH FRANKLIN-MCKINLEY SCHOOL DISTRICT TO BUILD THE EDUCATIONAL FACILITY 0 JOHN PORTER CHAIR OF ORGANIZATION, SUPERINTENDENT OF FRANKLIN-MCKINLEY SCHOOL DISTRICT 5442736 ORGANIZATION ENTERED INTO A GROUND LEASE WIGH FRANKLIN-MCKINLEY SCHOOL DISTRICT FOR $1 PER YEAR FOR 35 YEARS. FAIR VALUE OF THE LEASE WAS DETERMINED TO BE APPROXIMATELY $240,000 PER YEAR. 0 FORM 990, PART VI, SECTION A, LINE 2 JOHN PORTER (CHAIR, RETIRED ON 6/30/2015) AND MEGAN LAMKEN (BOARD MEMBER) ARE BOTH EMPLOYED BY FRANKLIN-MCKINLEY SCHOOL DISTRICT FORM 990, PART VI, SECTION A, LINE 7A A VACANCY IN THE POSITION OF DIRECTOR MAY BE FILLED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE REMAINING DIRECTORS FORM 990, PART VI, SECTION B, LINE 11 MEMBERS OF THE FINANCE COMMITTEE REVIEWED AND APPROVED FORM 990 BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD CHAIR HAS ALL NEW BOARD MEMBERS FILL OUT THE CONFLICT OF INTEREST FORM BY THE FIRST BOARD MEETING THEY ATTEND AND DURING THE DECEMBER BOARD MEETING. EACH MEMBER REVIEWS CONFLICT OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 PDF AVAILABLE UPON REQUEST PART XII, LINE 2C THE FINANCE COMMITTEE HAS A SELECTION PROCESS FOR ENGAGING THE AUDITOR AND REVIEWS THE AUDIT REPORT. ECSV 4000 MOORPARK AVE SUITE 200 SAN JOSE CA 95117 455147937 EDUCATION CA 501C(3) 7 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 ECSV C 87078 CASH ECSV P 75696 CASH