Overview
What is Los Angeles County Schools Regional Business Services?
Los Angeles County Schools Regional Business Services is a nonprofit organization, headquartered in Downey, California. Its primary mission is to assist member school districts in managing tax-exempt bond financing, aiding in the acquisition of necessary equipment, construction, and improvements for their schools. In 2021, the organization generated $6.2 million in revenue, which was instrumental in supporting over 1.5 million students across 80 K-12 school districts within Los Angeles County. Additionally, the organization provides essential services and programs to support public schools, community colleges, and the Los Angeles County Office of Education, contributing to their establishment, operation, and maintenance.
Is Los Angeles County Schools Regional Business Services legitimate?
Los Angeles County Schools Regional Business Services is a legitimate nonprofit organization registered as a 501(c)(4) entity. Los Angeles County Schools Regional Business Services 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.
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What is the mission statement of Los Angeles County Schools Regional Business Services?
The Los Angeles County Schools Regional Business Services, as part of its mission, assists member school districts in managing tax-exempt bond financing. Its primary objective is to provide necessary and appropriate services for the establishment, operation, and maintenance of regionalized business services and programs for public schools, community colleges, and the Los Angeles County Office of Education. The corporation's role involves administering the issuance and repayment of bonds on behalf of member public school districts for acquiring equipment, constructing, and improving buildings. In 2021, the corporation generated $6.2 million in revenue, which supported the education of 1.5 million students across 80 K-12 school districts.
Who is the CEO of Los Angeles County Schools Regional Business Services?
Jeff Young is the President of Los Angeles County Schools Regional Business Services.
What is the revenue of Los Angeles County Schools Regional Business Services?
Los Angeles County Schools Regional Business Services's revenue in 2022 was $6,235,442.
Who are the executives of Los Angeles County Schools Regional Business Services and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Los Angeles County Schools Regional Business Services?
Los Angeles County Schools Regional Business Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles County Schools Regional Business Services
Los Angeles County Schools Regional Business Services, often abbreviated as LACSRBS, is an organization committed to assisting member school districts in the administration of tax-exempt bond financing. Their mission extends beyond this, as they also aim to provide necessary and appropriate services for the establishment, operation, and maintenance of regionalized business services and programs for public schools, community colleges, and the Los Angeles County Office of Education. In simpler terms, LACSRBS plays a vital role in helping school districts issue and repay bonds for the acquisition of necessary equipment and buildings, contributing to the construction and improvements of educational facilities. In 2021, this organization generated $6.2 million in revenue, which in turn supported over 1.5 million students across 80 K-12 LA County school districts.
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Impact
October, 2024
Los Angeles County Schools Regional Business Services plays a crucial role in supporting the financial infrastructure of K-12 education in the region. By assisting member school districts in the administration of tax-exempt bond financing, it enables these districts to secure necessary funding for critical projects such as the acquisition of equipment and the construction and improvement of school facilities.
In 2021, the organization generated $6.2 million in revenue, an investment that directly benefits approximately 1.5 million students across 80 K-12 school districts in Los Angeles County. The efficient management of bond issuance and repayment not only enhances the educational environment but also contributes to the overall operational stability of the schools. Through its services, the organization helps ensure that educational institutions can maintain and improve their infrastructure, which is vital for providing quality education and fostering student success.
This information is meant to be a general summary of Los Angeles County Schools Regional Business Services. 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: $6,235,442
- Gross Receipts: $6,235,442
Assets and Liabilities:
- Total Assets: $220,744,015
- Total Liabilities: $230,183,046
- Net Assets: -$9,439,031
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Organization Details
Founding Year
1985
Phone
(562) 922-6144Principal Officer
Jeff Young
Main Address
9300 EAST IMPERIAL HIGHWAY, DOWNEY, CA, 90242
NTEE Category
Code: P50 - Human services
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