Overview
What is California School Boards Association Finance Corporation?
The California School Boards Association Finance Corporation, based in West Sacramento, California, serves as a financial assistance provider for public education entities within the state. Through the California Cash Reserve Program, they offer Tax and Revenue Anticipation Notes (TRANS) to schools, counties, and community colleges. These notes, which are tax-exempt and short-term securities, help these entities manage their cash reserves and temporary financial needs. In essence, the corporation's mission is to render various financial assistance services to school districts, county offices of education, and other education-focused political subdivisions or public agencies in California.
Official website here: www.csba.org
Is California School Boards Association Finance Corporation legitimate?
California School Boards Association Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. California School Boards Association Finance 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: $31,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $67,260
For more financial information, click here
Official website here: www.csba.org
What is the mission statement of California School Boards Association Finance Corporation?
The California School Boards Association Finance Corporation is dedicated to offering financial assistance services. Their mission is to provide various types of financial aid to school districts, county offices of education, or any other public entities primarily focused on education in California. This is achieved through the California Cash Reserve Program, which offers Tax and Revenue Anticipation Notes (TRANS). TRANS are tax-exempt, short-term securities extensively used by governmental entities as a cash management tool. Schools, local governments, and community colleges issue TRANS to supplement their general fund cash reserves and act as a buffer for temporary cash flow needs.
Official website here: www.csba.org
Who is the CEO of California School Boards Association Finance Corporation?
Stephen W Pogemiller is the Vice President As Of 1/29/21 To 12/3/22 of California School Boards Association Finance Corporation.
Official website here: www.csba.org
What is the revenue of California School Boards Association Finance Corporation?
California School Boards Association Finance Corporation's revenue in 2023 was $136,940.
Official website here: www.csba.org
Who are the executives of California School Boards Association Finance Corporation and what are their salaries?
There 4 volunteers at California School Boards Association Finance Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $13,495
- Other: $0
- Compensation: $0
- Related: $22,989
- Other: $0
- Compensation: $0
- Related: $29,682
- Other: $0
- Compensation: $0
- Related: $185,143
- Other: $55,051
- Compensation: $0
- Related: $13,495
- Other: $0
- Compensation: $0
- Related: $156,750
- Other: $11,614
- Compensation: $0
- Related: $211,314
- Other: $31,892
- Compensation: $0
- Related: $374,000
- Other: $75,490
Official website here: www.csba.org
Where can I find the form 990 for California School Boards Association Finance Corporation?
California School Boards Association Finance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.csba.org
Learn more at the official website: www.csba.org
Mission Statement of California School Boards Association Finance Corporation
The California School Boards Association Finance Corporation is an organization that dedicates its efforts to providing financial assistance services to public school districts, county offices of education, or any other political subdivision or public agency or body, with a primary purpose of education, in the state of California. The corporation renders various types of financial assistance services to its clients, utilizing tools such as the California Cash Reserve Program. Through this program, school districts are offered Tax and Revenue Anticipation Notes (Trans). Trans are tax-exempt, short-term securities that are extensively used as a cash management tool by various governmental entities. State and local governments, county offices of education, school districts, and community college districts issue Trans to supplement their general fund cash reserves for the fiscal year and to act as a cushion for any temporary cash flow needs.
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Impact
October, 2024
The California School Boards Association Finance Corporation has a significant impact on public school districts by providing essential financial assistance services. Through its California Cash Reserve Program, it offers Tax and Revenue Anticipation Notes (TRANS), which are tax-exempt, short-term securities that serve as a critical cash management tool for various governmental entities.
These TRANS help school districts, county offices of education, and community college districts manage their cash flow more effectively by supplementing their general fund reserves throughout the fiscal year. This financial support acts as a buffer for any temporary cash flow needs, ensuring that educational institutions can maintain operational stability and continue to deliver quality education to students.
By facilitating access to these financial instruments, the California School Boards Association Finance Corporation plays a crucial role in enhancing the fiscal health of educational agencies, thereby supporting their mission to provide essential educational services in California.
This information is meant to be a general summary of California School Boards Association Finance 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 2023.
- Investment Income: $36,840
- Program Service Revenue: $100,100
- Gross Receipts: $136,940
Assets and Liabilities:
- Total Assets: $600,166
- Total Liabilities: $0
- Net Assets: $600,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL PROGRAMS
Revenue
$100,100
Organization Details
Founding Year
1987
Phone
(916) 371-4691Principal Officer
Stephen W Pogemiller
Main Address
3251 BEACON BOULEVARD, WEST SACRAMENTO, CA, 956913531
Website
www.csba.orgNTEE Category
Code: W20 - Public benefit
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