-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
CHARTER FUND INC
D/B/A CHARTER SCHOOL GROWTH FUND
Number and street (or P.O. box number if mail is not delivered to street address)
10901 WEST 120TH AVENUE NO 450
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOMFIELD
,
CO
80021
A Employer identification number
05-0620063
B
Telephone number (see instructions)
(303) 217-8090
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
362,249,098
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
67,310,761
2
Check
.............
3
Interest on savings and temporary cash investments
311,677
311,677
311,677
4
Dividends and interest from securities
...
3,087,953
3,134,135
3,087,953
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
1,376,286
b
Gross sales price for all assets on line 6a
7,977,283
7
Capital gain net income (from Part IV, line 2)
...
4,835,511
8
Net short-term capital gain
.........
0
9
Income modifications
...........
20,373,483
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
4,839,618
2,400,152
4,760,420
12
Total.
Add lines 1 through 11
........
76,926,295
10,681,475
28,533,533
13
Compensation of officers, directors, trustees, etc.
1,113,810
170,666
170,666
943,144
14
Other employee salaries and wages
......
5,459,129
683,715
683,715
4,775,414
15
Pension plans, employee benefits
.......
1,186,023
158,795
158,795
1,027,228
16a
Legal fees (attach schedule)
.........
162,790
56,728
56,728
106,062
b
Accounting fees (attach schedule)
.......
84,175
16,835
16,835
67,340
c
Other professional fees (attach schedule)
....
309,288
6,020
6,020
303,268
17
Interest
...............
1,786,886
83,819
1,786,886
0
18
Taxes (attach schedule) (see instructions)
...
216,278
0
0
216,278
19
Depreciation (attach schedule) and depletion
...
7,565
7,565
7,565
20
Occupancy
..............
208,293
0
0
208,293
21
Travel, conferences, and meetings
.......
840,983
0
0
840,983
22
Printing and publications
..........
42,552
0
0
42,552
23
Other expenses (attach schedule)
.......
3,814,469
943,931
47,489
3,012,774
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
15,232,241
2,128,074
2,934,699
11,543,336
25
Contributions, gifts, grants paid
.......
54,306,339
52,743,024
26
Total expenses and disbursements.
Add lines 24 and 25
69,538,580
2,128,074
2,934,699
64,286,360
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
7,387,715
b
Net investment income
(if negative, enter -0-)
8,553,401
c
Adjusted net income
(if negative, enter -0-)
...
25,598,834
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
64,657,990
30,020,837
30,020,837
2
Savings and temporary cash investments
.........
75,228,599
117,976,412
117,976,412
3
Accounts receivable
2,649
Less: allowance for doubtful accounts
4,264
2,649
2,649
4
Pledges receivable
8,529,997
Less: allowance for doubtful accounts
1,061
5,684,365
8,528,936
8,528,936
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
173,136
325,021
325,021
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
81,461,127
85,260,114
85,260,114
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
29,171,903
33,371,903
33,371,903
14
Land, buildings, and equipment: basis
91,573
Less: accumulated depreciation (attach schedule)
78,336
20,801
13,237
13,237
15
Other assets (describe
)
96,701,390
86,749,989
86,749,989
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
353,103,575
362,249,098
362,249,098
17
Accounts payable and accrued expenses
..........
651,743
670,560
18
Grants payable
.................
310,000
100,000
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
39,248,024
39,515,163
22
Other liabilities (describe
)
68,437
36,079
23
Total liabilities
(add lines 17 through 22)
.........
40,278,204
40,321,802
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
235,698,584
247,981,194
25
Net assets with donor restrictions
............
77,126,787
73,946,102
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
312,825,371
321,927,296
30
Total liabilities and net assets/fund balances
(see instructions)
.
353,103,575
362,249,098
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
312,825,371
2
Enter amount from Part I, line 27a
.....................
2
7,387,715
3
Other increases not included in line 2 (itemize)
3
1,714,210
4
Add lines 1, 2, and 3
..........................
4
321,927,296
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
321,927,296
Form
990-PF
(2019)
Form 990-PF (2019)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
PUBLICLY TRADED SECURITIES
2018-01-01
2019-12-31
b
DREAMBOX LEARNING, INC
P
2010-04-05
2019-10-16
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
1,744,686
1,603,818
140,868
b
6,232,597
1,537,954
4,694,643
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
140,868
b
4,694,643
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
4,835,511
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
Yes
No
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1
Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2018
79,017,378
176,867,784
0.446760
2017
80,483,924
94,219,865
0.854214
2016
90,434,336
97,487,321
0.927652
2015
84,117,313
85,725,532
0.981240
2014
71,745,539
87,863,810
0.816554
2
Total
of line 1, column (d)
.....................
2
4.026420
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.805284
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
257,527,116
5
Multiply line 4 by line 3
......................
5
207,382,466
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
85,534
7
Add lines 5 and 6
........................
7
207,468,000
8
Enter qualifying distributions from Part XII, line 4
,.............
8
79,806,360
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Domestic foundations that meet the section 4940(e) requirements in Part V, check
1
171,068
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
171,068
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
171,068
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
224,745
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
224,745
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
264
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
53,413
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
0
Refunded
11
53,413
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
CA
,
CO
,
DE
,
TN
,
FL
,
IL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
Yes
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
CHARTERGROWTHFUND.ORG
14
The books are in care of
JULIE MAIER
Telephone no.
(303) 217-8090
Located at
10901 WEST 120TH AVENUE STE 450
BROOMFIELD
CO
ZIP+4
80021
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
Yes
Organizations relying on a current notice regarding disaster assistance check here
........
c
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2019?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2019.)
..................
3b
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Yes
Organizations relying on a current notice regarding disaster assistance check here
.........
c
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
RICH BILLINGS
PARTNER/ASST SECRETARY
40.00
255,500
15,123
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
KEVIN HALL
PRESIDENT/CEO
48.00
563,310
27,103
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
JULIE MAIER
PARTNER/VICE PRESIDENT
40.00
295,000
27,103
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
CARRIE WALTON-PENNER
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
STACY SCHUSTERMAN
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
ALLAN GOLSTON
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
JOHN FISHER
DIRECTOR/BOARD CHAIR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
JAMES RAHN
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
MASON HAWKINS
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
FIDEL VARGAS
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
ANNIE PROIETTI
DIRECTOR
1.00
0
0
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
DARRYL COBB
PARTNER
40.00
293,500
27,103
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
KATHY HAMEL
PARTNER
40.00
276,750
27,103
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
ERIC THOMAS
PARTNER
40.00
253,500
24,191
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
ERIC CHAN
PARTNER
40.00
255,000
15,123
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
LYDIA HOFFMAN
PARTNER
40.00
231,750
24,191
0
10901 WEST 120TH AVE STE 450
BROOMFIELD
,
CO
80021
Total
number of other employees paid over $50,000
...................
32
Form
990-PF
(2019)
Form 990-PF (2019)
Page
7
Part VIII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
VENABLE LLP
LEGAL SERVICES
115,612
PO BOX 62727
BALTIMORE
,
MD
212642727
CLARK NUBER PS
AUDIT & TAX
107,621
10900 NE 4TH STREET SUITE 1400
BELLEVUE
,
WA
98004
ALTVIA SOLUTIONS LLC
TECHNICAL SERVICES
75,208
590 BURBANK ST
BROOMFIELD
,
CO
80020
KRISTY KING
EVENT PLANNING
71,500
1267 KARLANN DR
BLACK HAWK
,
CO
80422
SUE SHALVEY
CONSULTING
66,000
5488 N FINE RD
LINDEN
,
CA
95236
Total
number of others receiving over $50,000 for professional services
.............
1
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
CHARTER FUND, INC (THE "FUND") PRIMARILY PROVIDES GRANTS AND LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS WHICH MANAGE AND GROW NETWORKS OF SCHOOLS. THE FUNDS ONLY SUPPORT ORGANIZATIONS WHICH CAN DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE ADDED ACADEMIC GAINS. THE FUND FOCUSES ON GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS. THE FUND DISTRIBUTED $ 54,306,339 OF GRANTS TO OR FOR THE BENEFIT OR CHARTER SCHOOL MANAGEMENT ORGANIZATIONS AND INCURRED ADDITIONAL CHARITABLE EXPENSES OF $ 14,398,452 DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2019. IN ADDITION, THE FUND ISSUED $13,520,000 OF LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS DURING THE CALENDAR YEAR ENDING DECEMBER 31, 2019. SEE PART IX-B AND XV FOR A DETAILED LISTING OF LOANS AND GRANTS DURING THE CURRENT YEAR.
82,224,791
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
PRI LOAN TO KIPP BAY AREA SCHOOLS TO SUPPORT CHARTER SCHOOL GROWTH
9,000,000
2
PRI EQUITY INVESTMENT TO OVERGRAD INC. TO SERVE A NEED AT SCHOOLS WITH LARGE NUMBERS OF LOW-INCOME STUDENTS IN PROVIDING BETTER TOOLS AND INFORMATION SO THAT STUDENTS, FAMILIES AND COUNSELORS CAN MAKE INFORMED DECISIONS ABOUT THEIR POST-SECONDARY PATH. OVERGRAD'S CORE PRODUCT MAKES IT SIMPLE FOR STUDENTS, FAMILIES AND COUNSELORS TO SEARCH FOR COLLEGES, ASSESS ODDS OF ADMISSION, UNDERSTAND PERSONALIZED CHANGES OF GRADUATING FROM SPECIFIC COLLEGES, AND MANAGE THE COLLEGE APPLICATION AND FINANCIAL AID PROCESS.
2,000,000
All other program-related investments. See instructions.
3
4,520,000
Total.
Add lines 1 through 3
.........................
15,520,000
Form
990-PF
(2019)
Form 990-PF (2019)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
83,892,386
b
Average of monthly cash balances
.......................
1b
141,640,008
c
Fair market value of all other assets (see instructions)
................
1c
35,916,455
d
Total
(add lines 1a, b, and c)
.........................
1d
261,448,849
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
261,448,849
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
3,921,733
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
257,527,116
6
Minimum investment return.
Enter 5% of line 5
..................
6
12,876,356
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
64,286,360
b
Program-related investments—total from Part IX-B
..................
1b
15,520,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
79,806,360
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
79,806,360
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
f
Total
of lines 3a through e
........
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
a
Applied to 2018, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2019 distributable amount
.....
e
Remaining amount distributed out of corpus
5
Excess distributions carryover applied to 2019.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
Form
990-PF
(2019)
Form 990-PF (2019)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2019, enter the date of the ruling
.......
2015-08-20
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2019
(b)
2018
(c)
2017
(d)
2016
12,876,356
8,843,389
0
0
21,719,745
b
85% of line 2a
.........
10,944,903
7,516,881
0
0
18,461,783
c
Qualifying distributions from Part XII,
line 4 for each year listed
.....
79,806,360
79,017,378
80,517,436
90,450,081
329,791,255
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
2,000,000
0
0
0
2,000,000
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
77,806,360
79,017,378
80,517,436
90,450,081
327,791,255
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
0
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
0
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part X, line 6 for each year listed
...
8,584,237
5,895,593
3,140,662
3,249,577
20,870,069
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
0
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
0
(3)
Largest amount of support
from an exempt organization
0
(4)
Gross investment income
0
Part XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KEVIN HALL CEO
10901 WEST 120TH AVENUE SUITE 450
BROOMFIELD
,
CO
80021
(303) 217-8090
b
The form in which applications should be submitted and information and materials they should include:
CHARTER SCHOOL GROWTH FUND APPLICATIONS SHOULD BE SUBMITTED ONLINE AT WWW.CHARTERGROWTHFUND.ORG
c
Any submission deadlines:
VARIED THROUGHOUT YEAR
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CHARTER FUND, INC (THE "FUND") PRIMARILY PROVIDES GRANTS AND LOANS TO CHARTER SCHOOL MANAGEMENT ORGANIZATIONS THAT MANAGE AND GROW NETWORKS OF SCHOOLS. THE FUNDS ONLY SUPPORT ORGANIZATIONS WHICH CAN DEMONSTRATE AN IMPACT ON UNDERSERVED STUDENT POPULATIONS AND OUTSTANDING VALUE ADDED ACADEMIC GAINS. THE FUND FOCUSES ON GEOGRAPHIC AREAS SUPPORTIVE OF FURTHER EXPANSION OF CHARTER SCHOOLS.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
11
Part XV
Supplementary Information
(continued)
3
Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
ACADEMIE LAFAYETTE
201 E ARMOUR BLVD
KANSAS CITY
,
MO
64111
N/A
PC
CHARTER SCHOOL GROWTH
250,000
ACHIEVEMENT FIRST INC
335 ADAMS ST SUITE 700
BROOKLYN
,
NY
11201
N/A
PC
IMPACT
415,000
ADVANCED LEARNING CHARTER SCHOOL
5855 NW 171 STREET
MIAMAI
,
FL
33015
N/A
PC
BUSINESS PLANNING
50,000
ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS
601 S FIGUEROA STREET 4TH FLOOR
LOS ANGELES
,
CA
90017
N/A
PC
IMPACT
200,000
ALMA DEL MAR FOUNDATION INC
515 BELLEVILLE AVENUE
NEW BEDFORD
,
MA
02746
N/A
PC
CHARTER SCHOOL GROWTH
375,000
ALPHA PUBLIC SCHOOLS INC
2110 STORY ROAD SUITE 250
SAN JOSE
,
CA
95122
N/A
PC
BUSINESS PLANNING
25,000
AMANA ACADEMY INC
285 SOUTH MAIN STREET
ALPHARETTA
,
GA
30009
N/A
PC
CHARTER SCHOOL GROWTH
200,000
AMBITION PREPARATORY CHARTER SCHOOL
5331 CLINTON BLVD
JACKSON
,
MS
39209
N/A
PC
CHARTER SCHOOL GROWTH
250,000
ARIZONA AUTISM CHARTER SCHOOLS INC
1445 E INDIAN SCHOOL RD
PHOENIX
,
AZ
85014
N/A
PC
CHARTER SCHOOL GROWTH
150,000
ASCEND LEARNING INC
205 ROCKAWAY PARKWAY 6TH FLOOR
BROOKLYN
,
NY
11212
N/A
PC
CHARTER SCHOOL GROWTH
183,288
ASPIRE PUBLIC SCHOOLS
1001 22ND AVE SUITE 100
OAKLAND
,
CA
94606
N/A
PC
OTHER CAPACITY
675,000
BOOKER T WASHINGTON ACADEMY
804 STATE STREET
NEW HAVEN
,
CT
06511
N/A
PC
CHARTER SCHOOL GROWTH
100,000
BRAVEN INC
171 N ABERDEEN STREET SUITE 400
CHICAGO
,
IL
60607
N/A
PC
IMPACT
60,000
BRIGHT STAR SCHOOLS
600 S LA FAYETTE PARK PL 3RD FLOOR
LOS ANGELES
,
CA
90057
N/A
PC
STARTUP
100,000
BRONX CHARTER SCHOOL FOR THE ARTS
1440 STORY AVENUE
BRONX
,
NY
10473
N/A
PC
CHARTER SCHOOL GROWTH
100,000
CALIFORNIA CHARTER SCHOOLS ASSOCIATION
250 E 1ST STREET SUITE 1000
LOS ANGELES
,
CA
90012
N/A
PC
OTHER CAPACITY
35,000
CALIFORNIA CHARTER SCHOOLS ASSOCIATION
250 E 1ST STREET SUITE 1000
LOS ANGELES
,
CA
90012
N/A
PC
OTHER CAPACITY
20,000
CATALYST PUBLIC SCHOOLS
1305 IRONSIDES AVENUE
BREMERTON
,
WA
98310
N/A
PC
CHARTER SCHOOL GROWTH
250,000
CITIZENS OF THE WORLD CHARTER SCHOOLS - LOS ANGELES
5371 WILSHIRE BLVD SUITE 210
LOS ANGELES
,
CA
90036
N/A
PC
CHARTER SCHOOL GROWTH
500,000
CITIZENS OF THE WORLD CHARTER SCHOOLS - LOS ANGELES
5371 WILSHIRE BLVD SUITE 210
LOS ANGELES
,
CA
90036
N/A
PC
CHARTER SCHOOL GROWTH
900,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
CHARTER SCHOOL GROWTH
225,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
OTHER CAPACITY
15,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
OTHER CAPACITY
15,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
OTHER CAPACITY
15,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
CHARTER SCHOOL GROWTH
225,000
CLARKSDALE COLLEGIATE
1012 WEST 2ND STREET
CLARKSDALE
,
MS
38614
N/A
PC
OTHER CAPACITY
19,100
COLLEGIATE ACADEMIES
2625 THALIA ST
NEW ORLEANS
,
LA
70113
N/A
PC
CHARTER SCHOOL GROWTH
100,000
COLLEGIATE CHARTER HIGH SCHOOL OF LOS ANGELES
312 N RECORD AVE
LOS ANGELES
,
CA
90063
N/A
PC
OTHER CAPACITY
25,000
COLLEGIATE EDU-NATION
227 WEST BUS SPUR 20
ROSCOE
,
TX
79545
N/A
PC
BUSINESS PLANNING
50,000
CORPORATION OF THE WASHINGTON LATIN SCHOOL
5200 2ND STREET NW
WASHINGTON
,
DC
20011
N/A
PC
CHARTER SCHOOL GROWTH
250,000
DC BILINGUAL PUBLIC CHARTER SCHOOL
33 RIGGS RD NE
WASHINGTON
,
DC
20011
N/A
PC
CHARTER SCHOOL GROWTH
100,000
DIGITAL PIONEERS ACADEMY CORPORATION
709 12TH STREET SE
WASHINGTON
,
DC
20003
N/A
PC
CHARTER SCHOOL GROWTH
200,000
DIVERSE LEARNERS COOPERATIVE
8011 BROOKS CHAPEL ROAD UNIT 3083
BRENTWOOD
,
TN
37027
N/A
PC
OTHER CAPACITY
75,000
DREAM CHARTER SCHOOL
1991 SECOND AVENUE
NEW YORK
,
NY
10029
N/A
PC
CHARTER SCHOOL GROWTH
350,000
DREAM CHARTER SCHOOL
1991 SECOND AVENUE
NEW YORK
,
NY
10029
N/A
PC
STARTUP
325,000
DREAM CHARTER SCHOOL
1991 SECOND AVENUE
NEW YORK
,
NY
10029
N/A
PC
CHARTER SCHOOL GROWTH
350,000
DSST PUBLIC SCHOOLS FOUNDATION
3401 QUEBEC ST SUITE 2000
DENVER
,
CO
80207
N/A
PC
CHARTER SCHOOL GROWTH
350,000
DSST PUBLIC SCHOOLS FOUNDATION
3401 QUEBEC ST SUITE 2000
DENVER
,
CO
80207
N/A
PC
IMPACT
25,000
DSST PUBLIC SCHOOLS FOUNDATION
3401 QUEBEC ST SUITE 2000
DENVER
,
CO
80207
N/A
PC
STARTUP
50,000
EDNOVATE INC
350 S FIGUEROA ST SUITE 250
LOS ANGELES
,
CA
90071
N/A
PC
CHARTER SCHOOL GROWTH
720,000
EDNOVATE INC
350 S FIGUEROA ST SUITE 250
LOS ANGELES
,
CA
90071
N/A
PC
STARTUP
200,000
EDNOVATE INC
350 S FIGUEROA ST SUITE 250
LOS ANGELES
,
CA
90071
N/A
PC
CHARTER SCHOOL GROWTH
500,000
ELSIE WHITLOW STOKES COMMUNITY FREEDOM PUBLIC CHARTER SCHOOL
3700 OAKVIEW TERRACE NE
WASHINGTON
,
DC
20017
N/A
PC
CHARTER SCHOOL GROWTH
100,000
EMPOWER COMMUNITY HIGH SCHOOL
450 S CHAMBERS ROAD
AURORA
,
CO
80017
N/A
PC
CHARTER SCHOOL GROWTH
125,000
EQUITAS ACADEMY CHARTER SCHOOL INC
1700 WEST PICO BLVD
LOS ANGELES
,
CA
90017
N/A
PC
CHARTER SCHOOL GROWTH
550,000
EQUITAS ACADEMY CHARTER SCHOOL INC
1700 WEST PICO BLVD
LOS ANGELES
,
CA
90017
N/A
PC
STARTUP
325,000
EXCELLENCE COMMUNITY SCHOOLS INC
1960 BENEDICT AVE
BRONX
,
NY
10462
N/A
PC
CHARTER SCHOOL GROWTH
100,000
EXCELLENCE COMMUNITY SCHOOLS INC
1960 BENEDICT AVE
BRONX
,
NY
10462
N/A
PC
CHARTER SCHOOL GROWTH
500,000
EXCELLENCE COMMUNITY SCHOOLS INC
1960 BENEDICT AVE
BRONX
,
NY
10462
N/A
PC
OTHER CAPACITY
150,000
FAMILY LIFE ACADEMY CHARTER SCHOOL
14 W 170 ST
BRONX
,
NY
10452
N/A
PC
CHARTER SCHOOL GROWTH
150,000
FOUNDATION PREPARATORY INC
3121 ST BERNARD AVE
NEW ORLEANS
,
LA
70119
N/A
PC
CHARTER SCHOOL GROWTH
100,000
FREEDOM PREPARATORY ACADEMY INC
5132 JONETTA STREET
MEMPHIS
,
TN
38109
N/A
PC
OTHER CAPACITY
1,100,000
FRENCH & MONTESSORI EDUCATION INC
428 BROADWAY STREET
NEW ORLEANS
,
LA
70118
N/A
PC
CHARTER SCHOOL GROWTH
150,000
FRIENDS OF BREAKTHROUGH SCHOOLS
3615 SUPERIOR AVENUE SUITE 1303A
CLEVELAND
,
OH
44114
N/A
PC
CHARTER SCHOOL GROWTH
200,000
FRIENDSHIP ACADEMY OF THE ARTS
2600 38TH ST
MINNEAPOLIS
,
MN
55406
N/A
PC
CHARTER SCHOOL GROWTH
150,000
FUGEES FAMILY INC
1933 E DUBLIN GRANVILLE RD 117
COLUMBUS
,
OH
43229
N/A
PC
CHARTER SCHOOL GROWTH
100,000
GESTALT COMMUNITY SCHOOLS
2650 THOUSAND OAKS BLVD SUITE 1400
MEMPHIS
,
TN
38118
N/A
PC
OTHER CAPACITY
93,000
GREAT HEARTS AMERICA - TEXAS
824 BROADWAY SUITE 101
SAN ANTONIO
,
TX
78215
N/A
PC
STARTUP
100,000
GREATHEARTS FOUNDATION
4801 E WASHINGTON STREET SUITE 250
PHOENIX
,
AZ
85034
N/A
SO
CHARTER SCHOOL GROWTH
1,500,000
GREATHEARTS FOUNDATION
4801 E WASHINGTON STREET SUITE 250
PHOENIX
,
AZ
85034
N/A
SO
CHARTER SCHOOL GROWTH
1,000,000
HELLENIC CLASSICAL CHARTER SCHOOL
1641 RICHMOND AVE
STATEN ISLAND
,
NY
10314
N/A
PC
CHARTER SCHOOL GROWTH
200,000
HENDERSON COLLEGIATE INC
1071 OLD EPSOM RD
HENDERSON
,
NC
27536
N/A
PC
BUSINESS PLANNING
22,129
HERRON HIGH SCHOOL INC
110 E 16TH STREET
INDIANAPOLIS
,
IN
46202
N/A
PC
CHARTER SCHOOL GROWTH
400,000
HOUSTON GATEWAY ACADEMY INC
7310 BOWIE
HOUSTON
,
TX
77012
N/A
PC
STARTUP
325,000
HUGHEN CENTER INC
2849 9TH AVENUE
PORT ARTHUR
,
TX
77642
N/A
PC
CHARTER SCHOOL GROWTH
250,000
HUGHEN CENTER INC
2849 9TH AVENUE
PORT ARTHUR
,
TX
77642
N/A
PC
STARTUP
325,000
HYNES CHARTER SCHOOL CORPORATION
990 HARRISON AVENUE
NEW ORLEANS
,
LA
70124
N/A
PC
CHARTER SCHOOL GROWTH
250,000
HYNES CHARTER SCHOOL CORPORATION
990 HARRISON AVENUE
NEW ORLEANS
,
LA
70124
N/A
PC
STARTUP
325,000
IDAHO DISTANCE EDUCATION ACADEMY
1451 JESSIE CLARK LANE
POCATELLO
,
ID
83202
N/A
PC
CHARTER SCHOOL GROWTH
350,000
IDEA PUBLIC SCHOOLS
2115 WPIKE BLVD
WESLACO
,
TX
78596
N/A
PC
STARTUP
400,000
IDEA PUBLIC SCHOOLS
2115 WPIKE BLVD
WESLACO
,
TX
78596
N/A
PC
CHARTER SCHOOL GROWTH
1,000,000
IDEA PUBLIC SCHOOLS
2115 WPIKE BLVD
WESLACO
,
TX
78596
N/A
PC
CHARTER SCHOOL GROWTH
3,900,000
IDEA PUBLIC SCHOOLS
2115 WPIKE BLVD
WESLACO
,
TX
78596
N/A
PC
STARTUP
525,000
IMPACT PUBLIC SCHOOLS
3438 S 148TH ST
TUKWILA
,
WA
98168
N/A
PC
IMPACT
20,000
IMPACT PUBLIC SCHOOLS
3438 S 148TH ST
TUKWILA
,
WA
98168
N/A
PC
CHARTER SCHOOL GROWTH
400,000
INSPIRENOLA CHARTER SCHOOLS
2401 WESTBEND PARKWAY SUITE 4040
NEW ORLEANS
,
LA
70114
N/A
PC
STARTUP
100,000
INSPIRENOLA CHARTER SCHOOLS
2401 WESTBEND PARKWAY SUITE 4040
NEW ORLEANS
,
LA
70114
N/A
PC
CHARTER SCHOOL GROWTH
800,000
INTRINSIC SCHOOLS
4540 W BELMONT AVE
CHICAGO
,
IL
60641
N/A
PC
CHARTER SCHOOL GROWTH
600,000
KAIROS ACADEMIES
4220 DUNCAN AVE SUITE 201
ST LOUIS
,
MO
63110
N/A
PC
CHARTER SCHOOL GROWTH
150,000
KIPP COLORADO SCHOOLS
1390 LAWRENCE ST SUITE 200
DENVER
,
CO
80204
N/A
PC
BUSINESS PLANNING
50,000
KIPP COLORADO SCHOOLS
1390 LAWRENCE ST SUITE 200
DENVER
,
CO
80204
N/A
PC
CHARTER SCHOOL GROWTH
250,000
KIPP FOUNDATION
135 MAIN STREET SUITE 1700
SAN FRANCISCO
,
CA
94105
N/A
PC
OTHER CAPACITY
75,000
KIPP METRO ATLANTA COLLABORATIVE INC
1445 MAYNARD RD NW
ATLANTA
,
GA
30331
N/A
PC
CHARTER SCHOOL GROWTH
850,000
KIPP NASHVILLE
3410 KNIGHT DRIVE
NASHVILLE
,
TN
37206
N/A
PC
CHARTER SCHOOL GROWTH
525,000
KIPP NEW JERSEY A NJ NONPROFIT CORPORATION
60 PARK PLACE SUITE 802
NEWARK
,
NJ
07102
N/A
PC
CHARTER SCHOOL GROWTH
1,450,000
KIPP NEW YORK INC
1501 BROADWAY SUITE 1000
NEW YORK
,
NY
10036
N/A
SO II
CHARTER SCHOOL GROWTH
200,000
KIPP SOCAL PUBLIC SCHOOLS
3601 E 1ST STREET
LOS ANGELES
,
CA
90063
N/A
PC
CHARTER SCHOOL GROWTH
1,620,000
KIPP SOCAL PUBLIC SCHOOLS
3601 E 1ST STREET
LOS ANGELES
,
CA
90063
N/A
PC
CHARTER SCHOOL GROWTH
1,620,000
KIPP TEXAS INC
10711 KIPP WAY
HOUSTON
,
TX
77099
N/A
PC
CHARTER SCHOOL GROWTH
3,500,000
KIPP TEXAS INC
10711 KIPP WAY
HOUSTON
,
TX
77099
N/A
PC
CHARTER SCHOOL GROWTH
250,000
KIPP TEXAS INC
10711 KIPP WAY
HOUSTON
,
TX
77099
N/A
PC
CHARTER SCHOOL GROWTH
3,000,000
LAWNDALE EDUCATIONAL AND REGIONAL NETWORK CHARTER SCHOOL
3021 W CARROLL AVENUE
CHICAGO
,
IL
60612
N/A
PC
STARTUP
325,000
LIBERTAS SCHOOL
3777 EDENBURG DR
MEMPHIS
,
TN
38127
N/A
PC
IMPACT
25,000
LIBERTAS SCHOOL
3777 EDENBURG DR
MEMPHIS
,
TN
38127
N/A
PC
OTHER CAPACITY
100,000
LIVING SCHOOL INC
6003 BULLARD AVENUE SUITE 16
NEW ORLEANS
,
LA
70128
N/A
PC
CHARTER SCHOOL GROWTH
200,000
LYCEE FRANCAIS DE LA NOUVELLE ORLEANS
5951 PATTON ST
NEW ORLEANS
,
LA
70115
N/A
PC
CHARTER SCHOOL GROWTH
150,000
MEMPHIS BUSINESS ACADEMY
2450 FRAYSER BLVD
MEMPHIS
,
TN
38127
N/A
PC
STARTUP
125,000
MISSION ACHIEVEMENT AND SUCCESS EDUCATION FOUNDATION INC
620 TERESA COURT
RIO RANCHO
,
NM
87124
N/A
PC
BUSINESS PLANNING
32,500
NASHVILLE CLASSICAL
2000 GREENWOOD AVENUE
NASHVILLE
,
TN
37206
N/A
PC
CHARTER SCHOOL GROWTH
250,000
NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS
1101 15TH STREET NW SUITE 1010
WASHINGTON
,
DC
20005
N/A
PC
CHARTER SCHOOL GROWTH
25,000
NAVIGATOR SCHOOLS
650 SAN BENITO ST SUITE 230
HOLLISTER
,
CA
95023
N/A
PC
CHARTER SCHOOL GROWTH
400,000
NEIGHBORHOOD SCHOOLS INC
3900 ESSEX LANE SUITE 1200
HOUSTON
,
TX
77027
N/A
PC
BUSINESS PLANNING
38,542
NEIGHBORHOOD SCHOOLS INC
3900 ESSEX LANE SUITE 1200
HOUSTON
,
TX
77027
N/A
PC
BUSINESS PLANNING
793
NEIGHBORHOOD SCHOOLS INC
3900 ESSEX LANE SUITE 1200
HOUSTON
,
TX
77027
N/A
PC
BUSINESS PLANNING
2,005
NEW PARADIGM FOR EDUCATION INC
3403 ST AUBIN
DETROIT
,
MI
48207
N/A
PC
CHARTER SCHOOL GROWTH
750,000
NEW PARADIGM FOR EDUCATION INC
3403 ST AUBIN
DETROIT
,
MI
48207
N/A
PC
CHARTER SCHOOL GROWTH
650,000
NOBLE NETWORK OF CHARTER SCHOOLS
1 NORTH STATE STREET FLOOR 7L
CHICAGO
,
IL
60602
N/A
PC
IMPACT
150,000
NOBLE NETWORK OF CHARTER SCHOOLS
1 NORTH STATE STREET FLOOR 7L
CHICAGO
,
IL
60602
N/A
PC
IMPACT
39,000
NYOS CHARTER SCHOOL INC
12301 NORTH LAMAR
AUSTIN
,
TX
78753
N/A
PC
CHARTER SCHOOL GROWTH
250,000
ONE CITY SCHOOLS INC
2012 FISHER ST
MADISON
,
WI
53713
N/A
PC
CHARTER SCHOOL GROWTH
250,000
PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED
350 MASSACHUSETTS AVE SUITE 300
INDIANAPOLIS
,
IN
46204
N/A
PC
CHARTER SCHOOL GROWTH
250,000
PATAULA CHARTER ACADEMY INC
PO BOX 332
EDISON
,
GA
39846
N/A
PC
CHARTER SCHOOL GROWTH
200,000
PROMISE PUBLIC SCHOOLS
1400 PARKMOOR AVE SUITE 240
SAN JOSE
,
CA
95126
N/A
PC
CHARTER SCHOOL GROWTH
200,000
PROMISE PUBLIC SCHOOLS
1400 PARKMOOR AVE SUITE 240
SAN JOSE
,
CA
95126
N/A
PC
CHARTER SCHOOL GROWTH
-44,000
PROSPECT SCHOOLS INC
355 BRIDGE STREET
BROOKLYN
,
NY
11201
N/A
PC
BUSINESS PLANNING
40,000
PUBLIC PREPARATORY NETWORK INC
192 EAST 151ST ST 5TH FLOOR
BRONX
,
NY
10451
N/A
PC
BUSINESS PLANNING
15,000
PURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS
49 WEST MARYLAND ST SUITE H10B
INDIANAPOLIS
,
IN
46204
N/A
PC
STARTUP
325,000
REDLANDS CHRISTIAN MIGRANT ASSOCIATION INC
402 WEST MAIN ST
IMMOKALEE
,
FL
34142
N/A
PC
BUSINESS PLANNING
50,000
REGENERATION SCHOOLS
1816 W GARFIELD BLVD
CHICAGO
,
IL
60609
N/A
PC
CHARTER SCHOOL GROWTH
750,000
REGENERATION SCHOOLS
1816 W GARFIELD BLVD
CHICAGO
,
IL
60609
N/A
PC
CHARTER SCHOOL GROWTH
750,000
REPUBLIC SCHOOLS INC
309 W MCDOWELL ROAD
JACKSON
,
MS
39204
N/A
PC
OTHER CAPACITY
125,000
REX AND MARGARET FORTUNE SCHOOL OF EDUCATION
2890 GATEWAY OAKS DR SUITE 100
SACRAMENTO
,
CA
95833
N/A
PC
CHARTER SCHOOL GROWTH
90,000
REX AND MARGARET FORTUNE SCHOOL OF EDUCATION
2890 GATEWAY OAKS DR SUITE 100
SACRAMENTO
,
CA
95833
N/A
PC
OTHER CAPACITY
125,000
ROCKY MOUNTAIN PREPARATORY SCHOOL
7808 E CHERRY CREEK SOUTH DRIVE
3-300
DENVER
,
CO
80231
N/A
PC
IMPACT
25,000
ROCKY MOUNTAIN PREPARATORY SCHOOL
7808 E CHERRY CREEK SOUTH DRIVE
3-300
DENVER
,
CO
80231
N/A
PC
IMPACT
10,000
ROOTED SCHOOL
4238 ST CHARLES AVE
NEW ORLEANS
,
LA
70115
N/A
PC
CHARTER SCHOOL GROWTH
200,000
SAGE INTERNATIONAL SCHOOL OF BOISE A PUBLIC CHARTER SCHOOL INC
1513 TYRELL LANE SUITE 110
BOISE
,
ID
83706
N/A
PC
CHARTER SCHOOL GROWTH
225,000
SAMUELI ACADEMY
1575 E 17TH STREET
SANTA ANA
,
CA
92705
N/A
PC
CHARTER SCHOOL GROWTH
100,000
SETON EDUCATION PARTNERS
1562 FIRST AVENUE NO 205-2219
NEW YORK
,
NY
10028
N/A
PC
CHARTER SCHOOL GROWTH
300,000
SETON EDUCATION PARTNERS
1562 FIRST AVENUE NO 205-2219
NEW YORK
,
NY
10028
N/A
PC
CHARTER SCHOOL GROWTH
200,000
STEM PREPARATORY SCHOOLS INC
3200 W ADAMS BLVD
LOS ANGELES
,
CA
90018
N/A
PC
CHARTER SCHOOL GROWTH
150,000
STRIVE PREPARATORY SCHOOLS
2480 WEST 26TH AVE SUITE B-360
DENVER
,
CO
80211
N/A
PC
IMPACT
25,000
STRIVE PREPARATORY SCHOOLS
2480 WEST 26TH AVE SUITE B-360
DENVER
,
CO
80211
N/A
PC
OTHER CAPACITY
20,000
STRIVE PREPARATORY SCHOOLS
2480 WEST 26TH AVE SUITE B-360
DENVER
,
CO
80211
N/A
PC
OTHER CAPACITY
50,000
SUCCESS ACADEMY CHARTER SCHOOLS INC
95 PINE STREET FLOOR 6
NEW YORK
,
NY
10005
N/A
PC
CHARTER SCHOOL GROWTH
125,000
THE ACADEMY CHARTER SCHOOL
117 N FRANKLIN STREET
HEMPSTEAD
,
NY
11550
N/A
PC
CHARTER SCHOOL GROWTH
250,000
THE CUBE CORP
3399 HOLLY STREET
DENVER
,
CO
80207
N/A
PC
CHARTER SCHOOL GROWTH
100,000
THE PEPIN ACADEMIES INC
9304 CAMDEN FIELD PARKWAY
RIVERVIEW
,
FL
33578
N/A
PC
BUSINESS PLANNING
50,000
TRUE NORTH CLASSICAL ACADEMY INC
9393 SUNSET DRIVE
MIAMAI
,
FL
33173
N/A
PC
CHARTER SCHOOL GROWTH
600,000
TULSA HONOR ACADEMY
209 S LAKEWOOD AVE
TULSA
,
OK
74112
N/A
PC
CHARTER SCHOOL GROWTH
150,000
TULSA LEGACY CHARTER SCHOOL INC
105 EAST 63RD ST N
TULSA
,
OK
74126
N/A
PC
CHARTER SCHOOL GROWTH
100,000
UNCOMMON SCHOOLS INC
826 BROADWAY
NEW YORK
,
NY
10003
N/A
PC
CHARTER SCHOOL GROWTH
166,667
UPLIFT EDUCATION
1825 MARKET CENTER BLVD SUITE 500
DALLAS
,
TX
75207
N/A
PC
OTHER CAPACITY
150,000
UPLIFT EDUCATION
1825 MARKET CENTER BLVD SUITE 500
DALLAS
,
TX
75207
N/A
PC
CHARTER SCHOOL GROWTH
500,000
VISTA COLLEGE PREPARATORY INC
812 S 6TH AVE
PHOENIX
,
AZ
85003
N/A
PC
CHARTER SCHOOL GROWTH
600,000
VOICES COLLEGE-BOUND LANGUAGE ACADEMIES
14271 STORY ROAD
SAN JOSE
,
CA
95127
N/A
PC
CHARTER SCHOOL GROWTH
475,000
VOICES COLLEGE-BOUND LANGUAGE ACADEMIES
14271 STORY ROAD
SAN JOSE
,
CA
95127
N/A
PC
OTHER CAPACITY
10,000
VOICES COLLEGE-BOUND LANGUAGE ACADEMIES
14271 STORY ROAD
SAN JOSE
,
CA
95127
N/A
PC
IMPACT
150,000
WARREN EASTON SR HIGH SCHOOL FOUNDATION INC
3019 CANAL STREET
NEW ORLEANS
,
LA
70119
N/A
PC
CHARTER SCHOOL GROWTH
150,000
WONDERLAND EDUCATIONAL ESTATE ASSOCIATION
5807 CALHOUN RD
HOUSTON
,
TX
77021
N/A
PC
CHARTER SCHOOL GROWTH
100,000
YES PREP PUBLIC SCHOOLS INC
6201 BONHOMME ROAD SUITE 168N
HOUSTON
,
TX
77036
N/A
PC
CHARTER SCHOOL GROWTH
1,250,000
YOUTHBUILD NEWARK
571 CENTRAL AVENUE SECOND FLOOR
NEWARK
,
NJ
07107
N/A
PC
CHARTER SCHOOL GROWTH
125,000
YU MING CHARTER SCHOOL
1086 ALCATRAZ AVE
OAKLAND
,
CA
94608
N/A
PC
CHARTER SCHOOL GROWTH
200,000
ZETA CHARTER SCHOOLS INC
222 ALEXANDER AVE
BRONX
,
NY
10454
N/A
PC
CHARTER SCHOOL GROWTH
300,000
Total
.................................
3a
52,743,024
b
Approved for future payment
NEW SCHOOL OF SAN FRANCISCO
655 DE HARO STREET
SAN FRANCISCO
,
CA
94107
N/A
PC
CHARTER SCHOOL GROWTH
100,000
Total
.................................
3b
100,000
Form
990-PF
(2019)
Form 990-PF (2019)
Page
12
Part XVI-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
NET IMPUTED INTEREST ON PRI LOANS
2,360,268
b
INTEREST INCOME FROM PROGRAM RELATED INVESTMENTS
2,400,152
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
311,677
4
Dividends and interest from securities
....
14
3,087,953
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
1,376,286
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
BAD DEBT RECOVERY
79,198
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
0
4,775,916
4,839,618
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
9,615,534
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A
IMPUTED INTEREST INCOME ON BELOW-MARKET INTEREST RATE PROGRAM RELATED INVESTMENT LOANS TO NON-PROFIT PUBLIC CHARTER SCHOOL ORGANIZATIONS TO ASSIST THEM IN EXPANDING THEIR CHARTER SCHOOL PROGRAMS.
1C
STATED INTEREST INCOME ON BELOW-MARKET INTEREST RATE PROGRAM RELATED INVESTMENT LOANS TO NON-PROFIT PUBLIC CHARTER SCHOOL ORGANIZATIONS TO ASSIST THEM IN EXPANDING THEIR CHARTER SCHOOL PROGRAMS.
11A
RECOVERIES OF PREVIOUSLY WRITTEN OFF PROGRAM RELATED INVESTMENT LOAN PRINCIPAL AMOUNTS.
Form
990-PF
(2019)
Form 990-PF (2019)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description