Overview
What is Fullerton School District Capital Facilities Corporation?
Fullerton School District Capital Facilities Corporation is a nonprofit organization located in Fullerton, California. Its primary mission is to improve and modernize certain school sites within the Fullerton School District through the use of Certificates of Participation (COPs). By leveraging these financial instruments, the corporation raises funds for capital improvements, ultimately leading to the construction of new school facilities and the purchase of additional classroom buildings for district use. The organization's activities primarily focus on managing debt payments related to these projects, ensuring that the Fullerton School District continues to benefit from these enhancements.
Is Fullerton School District Capital Facilities Corporation legitimate?
Fullerton School District Capital Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fullerton School District Capital 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
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What is the mission statement of Fullerton School District Capital Facilities Corporation?
The Fullerton School District Capital Facilities Corporation's mission is centered around providing financial aid for capital improvements. Specifically, the organization utilizes Certificates of Participation (COPs) to fund modernization projects for select school sites within the Fullerton School District and procure additional classroom buildings for district usage. By doing so, the corporation aims to enhance the educational environment and facilitate the growth of the district. Their previous accomplishments include financing and completing the construction of new school facilities, with ongoing activities focusing on debt payments.
What is the revenue of Fullerton School District Capital Facilities Corporation?
Fullerton School District Capital Facilities Corporation's revenue in 2024 was $517,125.
Who are the executives of Fullerton School District Capital Facilities Corporation and what are their salaries?
There 4 volunteers at Fullerton School District Capital Facilities Corporation.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Fullerton School District Capital Facilities Corporation?
Fullerton School District Capital Facilities Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fullerton School District Capital Facilities Corporation
The Fullerton School District Capital Facilities Corporation's primary mission is to enhance the educational environment within the Fullerton School District. They achieve this goal by leveraging Certificates of Participation (COPS), which allow them to procure funds for essential capital improvements. These improvements aim to modernize certain school sites, ensuring they meet the current educational needs. Furthermore, the organization uses these funds to purchase additional classroom buildings, thereby expanding the district's educational capacity. By undertaking these projects, the Fullerton School District Capital Facilities Corporation contributes to the district's growth and development, ultimately providing a more conducive learning environment for students.
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Impact
October, 2024
The Fullerton School District Capital Facilities Corporation plays a crucial role in enhancing educational infrastructure within the Fullerton School District. By utilizing Certificates of Participation (COPS), the organization raises funds specifically aimed at capital improvements. This financial support enables modernizations of existing school sites and facilitates the acquisition of additional classroom buildings, essential for accommodating growing student populations.
The impact of these activities is significant. The corporation has successfully financed and completed the construction of new school facilities, directly benefiting the educational environment and resources available to students and educators. Current operations include managing debt payments, which underscores a commitment to fiscal responsibility while ensuring ongoing improvements to the district's educational landscape. Overall, the organization is a vital contributor to the advancement and modernization of educational facilities in Fullerton, ultimately enhancing learning opportunities for all students.
This information is meant to be a general summary of Fullerton School District Capital 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 2024.
- Gross Receipts: $517,125
Assets and Liabilities:
- Total Assets: $12,073,725
- Total Liabilities: $3,265,000
- Net Assets: $8,808,725
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Organization Details
Founding Year
1999
Principal Officer
Leonel Talavera
NTEE Category
Code: B90 - Education
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