Overview
What is Moreno Valley Unified School District School Facilities Corporation?
The Moreno Valley Unified School District School Facilities Corporation is a specialized entity established to aid the Moreno Valley Unified School District, a public educational institution in California. Its primary role is to assist in acquiring or constructing capital facilities, which the school district will utilize for its public purposes. To accomplish this, the corporation issues certificates of participation to investors, raising capital that is then used to acquire or lease necessary properties. The school district will then make rental payments to the corporation, which is assigned to a trustee to repay the borrowed principal and interest. This arrangement enables the school district to expand its facilities, ultimately benefiting its students and community.
Official website here: www.mvusd.net
Is Moreno Valley Unified School District School Facilities Corporation legitimate?
Moreno Valley Unified School District School Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Moreno Valley Unified School District School Facilities Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mvusd.net
What is the mission statement of Moreno Valley Unified School District School Facilities Corporation?
The Moreno Valley Unified School District School Facilities Corporation has been established with a sole purpose: to aid the Moreno Valley Unified School District, a public entity in California, in acquiring or constructing capital facilities. These facilities are intended for the District's use. The Corporation accomplishes this by issuing Certificates of Participation to investors. The capital collected is then utilized to acquire real and/or personal property, which is subsequently leased to the District. The District then makes rental payments for the use and occupation of the property. The Corporation assigns these rental payments to a trustee to repay the principal and interest of the amounts borrowed by the Corporation for financing the acquisition and construction of these facilities.
Official website here: www.mvusd.net
Who is the CEO of Moreno Valley Unified School District School Facilities Corporation?
Susana Lopez is the Superintendent of Moreno Valley Unified School District School Facilities Corporation.
Official website here: www.mvusd.net
What is the revenue of Moreno Valley Unified School District School Facilities Corporation?
Moreno Valley Unified School District School Facilities Corporation's revenue in 2022 was $2,597,602.
Official website here: www.mvusd.net
Who are the executives of Moreno Valley Unified School District School Facilities Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $292,815
- Other: $56,265
- Compensation: $0
- Related: $10,846
- Other: $6,635
- Compensation: $0
- Related: $10,972
- Other: $1,195
- Compensation: $0
- Related: $10,972
- Other: $1,195
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $226,563
- Other: $54,951
Official website here: www.mvusd.net
Where can I find the form 990 for Moreno Valley Unified School District School Facilities Corporation?
Moreno Valley Unified School District School Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvusd.net
Learn more at the official website: www.mvusd.net
Mission Statement of Moreno Valley Unified School District School Facilities Corporation
The Moreno Valley Unified School District School Facilities Corporation, abbreviated as MVUSD SFC, was established with a sole purpose: to aid the Moreno Valley Unified School District, a public entity in California, in acquiring or constructing capital facilities. This corporation serves as a valuable tool for the district, assisting in the procurement of necessary properties to cater to its educational needs. The MVUSD SFC issues certificates of participation to investors, utilizing the capital raised to acquire real and personal properties. These properties are then leased to the district, which uses them to fulfill its public purpose. The district makes rental payments for the usage and occupation of these properties, and the principal and interest of the borrowed amount by the corporation for the acquisition and construction of these facilities are repaid through these rental payments. The corporation assigns the rental payments to a trustee, ensuring the timely repayment of its borrowed funds.
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Impact
October, 2024
The Moreno Valley Unified School District School Facilities Corporation plays a crucial role in enhancing the educational infrastructure of the Moreno Valley Unified School District. By facilitating the acquisition and construction of capital facilities, the corporation directly impacts the quality of education in the community.
Through the issuance of certificates of participation to general investors, the corporation generates the necessary capital that enables the school district to develop and maintain facilities. These facilities are essential for accommodating students and providing a conducive learning environment. The rental payments made by the school district for the use of these properties ensure that the resources are efficiently allocated towards improving educational services.
Overall, the impact of the Moreno Valley Unified School District School Facilities Corporation is significant in advancing community improvement, as it directly supports the district's ability to address its infrastructure needs and enhance the educational experience for students in Moreno Valley.
This information is meant to be a general summary of Moreno Valley Unified School District School Facilities Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4
- Program Service Revenue: $2,597,598
- Gross Receipts: $2,597,602
Assets and Liabilities:
- Total Assets: $4
- Total Liabilities: $0
- Net Assets: $4
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE PAYMENTS FROM MO
Revenue
$2,597,598
Organization Details
Founding Year
1990
Phone
(951) 571-7500Principal Officer
Susana Lopez
Main Address
25634 ALESSANDRO BLVD, MORENO VALLEY, CA, 92553
Website
www.mvusd.netNTEE Category
Code: S11 - Community improvement
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