Santa Clara County Board Of Education Finance Corp in San Jose, California (CA)

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Santa Clara County Board Of Education Finance Corp
Employer Identification Number (EIN)770416421
Name of OrganizationSanta Clara County Board Of Education Finance Corp
Address1290 Ridder Park Dr, San Jose, CA 95131-2304
ActivitiesTitle holding corporation
SubsectionCivic League
Ruling Date02/1996
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000,000 to $49,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$11,646,464
Amount of Income$550,859
Form 990 Revenue Amount$550,859
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2012: $550,859
Santa Clara County Board Of Education Finance Corp: 

 $550,859
Other organizations performing similar types of work: 

 $75,018

Assets in 2012: $11,646,464
This organization: 

 $11,646,464
Other organizations performing similar types of work: 

 $35,071

Expenses in 2007: $674,232
Santa Clara County Board Of Education Finance Corp: 

 $674,232
Other organizations performing similar types of work: 

 $272,162

Income to expenses ratio in 2007: 0.9
This organization: 

 0.9
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 100.0%
Santa Clara County Board Of Education Finance Corp: 

 100.0%
Other organizations performing similar types of work: 

 91.6%

Grants share in income in 2007: 0.0%
Santa Clara County Board Of Education Finance Corp: 

 0.0%
Other organizations performing similar types of work: 

 16.6%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$1,692,097$1,709,259$1,602,837$890,640$853,456$666,200$656,899$637,704
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$80,532$83,634$71,380$68,441$2,264$509
Dividends and interest from securities$153,857$66,685$0$0$0$0$0$0
Net rental income or (loss)$0$0$-1$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$1$0$0$0$0$0
Other investment income$0$0$1,522,306$807,006$782,076$597,759$654,635$637,195
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$1,538,240$1,642,574$0$0$0$0$0$0
Total expenses$1,120,978$1,166,373$1,443,939$934,565$897,381$761,899$693,427$674,232
Program services$1,120,978$1,166,373$1,443,939$934,565$897,381$761,899$693,427$674,232
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$718,683$1,261,569$877,581$833,656$789,731$694,032$657,504$620,976
Excess or (deficit) for the year$571,119$542,886$158,898$-43,925$-43,925$-95,699$-36,528$-36,528
Net assets or fund balances at beginning of year$147,564$718,683$1,261,569$877,581$833,656$789,731$694,032$657,504
Other changes in net assets or fund balances$0$0$-542,886$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$674,232$674,232$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$635,612$635,612$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$38,620$38,620$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$38,878,683$38,261,569$19,990,775$19,619,934$18,954,395$15,236,760$14,686,407$14,120,286
Cash - non-interest-bearing$0$0$2,455,912$2,017,567$1,783,617$1,183,977$1,108,800$0
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$93,194$276,278$179,664$162,728$158,903$12,328,060
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$19,080,000$18,500,000$16,564,088$16,492,433$16,201,383$13,196,023$12,761,200$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$877,581$833,656$789,731$694,032$657,504$620,976
Investments - publicly-traded securities$0$0
Investments - other securities$2,680,626$2,643,512$0$0$0$0$0$1,171,250
Investments - land, buildings, and equipment less accumulated depreciation$17,118,057$17,118,057$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$38,160,000$37,000,000$19,113,194$18,786,278$18,164,664$14,542,728$14,028,903$13,499,310
Accounts payable and accrued expenses$0$0$93,194$276,278$179,664$162,728$158,903$154,310
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$19,080,000$18,500,000$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$19,080,000$18,500,000$0$0$0$0$0$13,345,000
Mortgages and other notes payable$0$0$19,020,000$18,510,000$17,985,000$14,380,000$13,870,000$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$38,878,683$38,261,569$19,990,775$19,619,934$18,954,395$15,236,760$14,686,407$14,120,286
Total net assets or fund balances$718,683$1,261,569$877,581$833,656$789,731$694,032$657,504$620,976
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$1,692,097$1,709,259$1,602,837$890,640$853,456$666,200$656,899$637,704
Total revenue, gains, and other support per audited financial statements$1,692,097$1,709,259$1,602,837$890,640$853,456$666,200$656,899$637,704
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$1,120,978$1,166,373$1,443,939$934,565$897,381$761,899$693,427$674,232
Total expenses and losses per audited financial statements$1,120,978$1,746,373$1,443,939$934,565$897,381$761,899$693,427$674,232
Other revenue$0$580,000$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$580,000$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings12
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$637,704
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$509
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$637,195
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$574,458
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$574,458
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$610,986
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$610,986
Balance Sheet (for 2011)
Total assets$11,689,092
Total liabilities$11,177,700
Tax-exempt bond liabilities$11,040,000
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$137,700
Total net assets or fund balances$511,392
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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1North Peninsula Jewish Campus800 Foster City Blvd, Foster City, CA 94404-2228CA2000-06$24,022,771
2Santa Maria-Bonita Capital Facilities Corp708 S Miller Street, Santa Maria, CA 93454-6230CA1990-04$10,173,399
3Rim Of The World Education Facilitiies CorporationPO BOX 430, Lk Arrowhead, CA 92352-0430CA1993-08$6,474,632
4In Christo Vera EducatioPO BOX 661525, Arcadia, CA 91066-1525CA1960-06$3,092,702
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8Legacy Fund1010 N Main St, Santa Ana, CA 92701-3602CA2004-03$1,267,199
9Ross School FoundationPO BOX 582, Ross, CA 94957-0582CA1982-10$1,003,131
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11Ripon Christian Schools Foundation435 Maple Ave, Ripon, CA 95366-2332CA2009-03$830,527
12Whitter City School District Financing Corporation7211 Whittier Ave, Whittier, CA 90602-1123CA1998-10$577,248
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14Santa Clara County Board Of Education Finance Corp1290 Ridder Park Dr, San Jose, CA 95131-2304CA1996-02$550,859
15Chaffey High School District Public Financing Corporation211 W 5th St, Ontario, CA 91762-1653CA1994-12$532,544
16Santa Ynez Valley Union High School Building CorpPO BOX 398, Santa Ynez, CA 93460-0398CA1976-12$294,810
17Santa Clara Teacher Mortgage Assistance Foundation1889 Lawrence Rd, Santa Clara, CA 95051-2162CA2001-04$244,250
18Cvhs Aquatics BoostersPO BOX 4633, Mission Viejo, CA 92690-4633CA2001-02$136,422
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Number of organizations performing similar types of work
Alaska18
Alabama49
Arkansas39
Arizona122
California861
Colorado125
Connecticut65
District of Columbia10
Delaware11
Florida294
Georgia234
Hawaii30
Iowa76
Idaho19
Illinois191
Indiana145
Kansas59
Kentucky109
Louisiana32
Massachusetts170
Maryland94
Maine19
Michigan168
Minnesota164
Missouri113
Mississippi43
Montana19
North Carolina196
North Dakota12
Nebraska32
New Hampshire43
New Jersey261
New Mexico41
Nevada20
New York226
Ohio298
Oklahoma82
Oregon90
Pennsylvania195
Rhode Island23
South Carolina103
South Dakota22
Tennessee155
Texas798
Utah12
Virginia170
Vermont25
Washington208
Wisconsin120
West Virginia29
Wyoming10
International7
Total6,457

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