Overview
What is Pittsburg Unified School District Financing Corporation?
The Pittsburg Unified School District Financing Corporation is a nonprofit entity situated in Pittsburg, California. Its primary objective is to aid the Pittsburg Unified School District by securing funding for capital improvements. This is achieved through the issuance of bond indebtedness, which finances the construction of necessary buildings. The corporation then subleases these properties back to the school district through lease agreements. The rental income generated from these subleases is utilized to cover the principal and interest payments on the bonded indebtedness. In essence, the corporation serves as a financial facilitator, enabling the school district to improve its infrastructure without shouldering the entire financial burden.
Official website here: www.pittsburg.k12.ca.us
Is Pittsburg Unified School District Financing Corporation legitimate?
Pittsburg Unified School District Financing Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Pittsburg Unified School District Financing 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.pittsburg.k12.ca.us
What is the mission statement of Pittsburg Unified School District Financing Corporation?
The Pittsburg Unified School District Financing Corporation's mission is to aid the Pittsburg Unified School District by providing funding for capital improvements. This is achieved by constructing necessary buildings through bonded indebtedness financing, and then subleasing these properties back to the school district. The rental income derived from these subleases is utilized to cover the principal and interest payments on the bonded indebtedness. In essence, the corporation serves to facilitate necessary infrastructure development within the school district, thereby enhancing its learning environments.
Official website here: www.pittsburg.k12.ca.us
Who is the CEO of Pittsburg Unified School District Financing Corporation?
Taylor Sims is the Vice President of Pittsburg Unified School District Financing Corporation. The CEO's salary of Pittsburg Unified School District Financing Corporation is $0 and their total compensation is $29,328.
Official website here: www.pittsburg.k12.ca.us
What is the revenue of Pittsburg Unified School District Financing Corporation?
Pittsburg Unified School District Financing Corporation's revenue in 2022 was $665,958.
Official website here: www.pittsburg.k12.ca.us
Who are the executives of Pittsburg Unified School District Financing Corporation and what are their salaries?
Here are 7 key members and their salaries (Pittsburg Unified School District Financing Corporation's CEO's salary is $0 and their total compensation is $29,328):
- Compensation: $0
- Related: $5,000
- Other: $24,328
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $4,800
- Other: $19,071
- Compensation: $0
- Related: $4,800
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $264,058
- Other: $52,387
- Compensation: $0
- Related: $207,997
- Other: $51,617
Official website here: www.pittsburg.k12.ca.us
Where can I find the form 990 for Pittsburg Unified School District Financing Corporation?
Pittsburg Unified School District Financing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pittsburg.k12.ca.us
Learn more at the official website: www.pittsburg.k12.ca.us
Mission Statement of Pittsburg Unified School District Financing Corporation
The Pittsburg Unified School District Financing Corporation is an organization with a mission to support the Pittsburg Unified School District by providing funding for capital improvements. In simpler terms, this corporation assists the school district by financing the construction of buildings through bonded indebtedness, and then subleases these properties back to the school district through lease agreements. The rental income generated from these subleases is utilized to cover the principal and interest payments on the bonded indebtedness. By doing so, the Pittsburg Unified School District Financing Corporation aids the school district in enhancing its infrastructure without incurring the full financial burden of construction costs.
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Impact
October, 2024
Pittsburg Unified School District Financing Corporation plays a crucial role in enhancing educational infrastructure within the Pittsburg Unified School District. By providing funding for capital improvements, the Corporation facilitates the construction of necessary buildings and facilities. This is achieved through the issuance of bond indebtedness, which allows for significant financial resources to be allocated towards developing essential educational spaces.
The process involves subleasing the constructed properties back to the Pittsburg Unified School District via lease agreements. The rental proceeds generated from these subleases are then strategically utilized to cover the principal and interest on the bonded indebtedness, ensuring a sustainable financial model for ongoing improvements.
Through this mechanism, the Corporation effectively supports the district’s mission of delivering quality education by enabling the development of modern and well-equipped facilities. This impact ultimately contributes to a better learning environment for students, fostering their academic success and overall growth in the Pittsburg area.
This information is meant to be a general summary of Pittsburg Unified School District Financing 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.
- Program Service Revenue: $665,958
- Gross Receipts: $665,958
Assets and Liabilities:
- Total Assets: $1,285,000
- Total Liabilities: $1,285,000
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUSD LEASE
Revenue
$665,958
Organization Details
Founding Year
1994
Phone
(925) 473-2300Principal Officer
Taylor Sims
Main Address
2000 RAILROAD AVENUE, PITTSBURG, CA, 94565
Website
www.pittsburg.k12.ca.usNTEE Category
Code: B12 - Education
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