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Pmc Support Corporation FY2020 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2015EducationEIN 38-3989912Revenue $2.5M in FY2020

On file with the IRS533 Glendale Blvd 250, 90026-7269 · Los Angeles, CATax-exempt since Oct 2017Supporting org, Type I — 509(a)(3)

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To operate and maintain an educational institution, to facilitate the development of charter schools, to lease, own, manage, and maintain charter school facilities, to provide charter school facilities and operational and other Support to charter schools, to assist philanthropists and foundations in accelerating the growth of high quality charter schools, and to provide and otherwise obtain or assist in obtaining charter school financing. Additionally, the Corporation may engage in any activities that are reasonably related to or in furtherance of its stated public and charitable public purposes, or in any other charitable activities.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $476K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$46.8M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.9M
To programs
85%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$2.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.1M
FY2022$3.6M
FY2023$4.0M
FY2024$4.2M
FY2025$9.9M
Expenses
$2.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$3.2M
FY2022$3.7M
FY2023$3.5M
FY2024$4.5M
FY2025$6.6M
Net assets
$3.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.6M
FY2021$3.5M
FY2022$3.4M
FY2023$3.8M
FY2024$3.6M
FY2025$6.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.5M Management & general 15% · $444K Fundraising 0% · $327

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Bryan Stevens
Treasurer/Secretary
$0Pt VII · Sec A
Robert Kane
Director
$0Pt VII · Sec A
Karen Wong
Director
$0Pt VII · Sec A
See Pmc Support Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides and manages facilities for charter schools to support their educational mission.

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Provided by the organization

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1 program · $2.5M · in their own filed words · FY2019
01

To operate and maintain an educational institution.

$2.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $375K · 2024–2024
Ednovate INCCA · FY2024$375,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$63K
Gifts and grantsLn 1h$25K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.5M
Managementcol C$444K
Fundraisingcol D$327
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$50.4M
LiabilitiesLn 26$46.8M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Government grantsLn 1e$25K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$63K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$47.8M
Total assetsLn 16$50.4M
LiabilitiesLn 26$46.8M
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$14.6M$1.7M
Land, buildings, equipmentLn 10c$35.7M$47.8M
Total assetsLn 16$50.6M$50.4M
LiabilitiesLn 26$46.6M$46.8M
Net assetsLn 32$4.0M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$135K$135K
TravelLn 17$333$333
InterestLn 20$1.8M$1.7M$97K
Depreciation, depletion and amortizationLn 22$621K$621K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$276K$276K$327
Total functional expensesLn 25$2.9M$2.5M$444K$327

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.9M$6.6M$3.3M$6.8M 990 PDF
FY2024 $4.2M$4.5M−$280K$3.6M 990 PDF
FY2023 $4.0M$3.5M$431K$3.8M 990 PDF
FY2022 $3.6M$3.7M−$65K$3.4M 990 PDF
FY2021 $3.1M$3.2M−$130K$3.5M 990 PDF
FY2020 Viewing $2.5M$2.9M−$380K$3.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,517,677 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,040,000$25,143
I-9 Program service revenuePrior year $803,639$2,429,374
I-10 Investment incomePrior year $212,059$63,160
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,055,698$2,517,677
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,726,516$2,897,435
I-18 Total expensesPrior year $1,726,516$2,897,435
I-19 Revenue less expensesPrior year $2,329,182−$379,758
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,517,677 across 5 lines filed
VIII-1e Government grants$25,143
VIII-1h Total contributions, gifts and grants$25,143
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,429,374$2,429,374
VIII-3 Investment incomeExcluded from tax $63,160$63,160
VIII-12 Total revenueRelated to mission $2,429,374 · Unrelated business $0 · Excluded from tax $63,160$2,517,677
Part IX · Statement of functional expenses $2,897,435 across 7 lines filed
IX-16 OccupancyPrograms $134,775$134,775
IX-17 TravelManagement $333$333
IX-20 InterestPrograms $1,697,476 · Management $96,917$1,794,393
IX-22 Depreciation, depletion and amortizationPrograms $621,163$621,163
IX-23 InsuranceManagement $17,157$17,157
IX-24 Other expenses (24a–d)Management $53,766$53,766
IX-24e All other expensesManagement $275,521 · Fundraising $327$275,848
IX-25 Total functional expensesPrograms $2,453,414 · Management $443,694 · Fundraising $327$2,897,435
Part X · Balance sheet $50,426,813 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $14,585,188$1,708,753
X-4 Accounts receivableStart of year $114,958$102,633
X-9 Prepaid expenses and deferred chargesStart of year $224,380$849,276
X-10c Land, buildings and equipment, netStart of year $35,653,739$47,766,151
X-16 Total assetsStart of year $50,578,265$50,426,813
X-17 Accounts payable and accrued expensesStart of year $83,509$199,020
X-19 Deferred revenue$112,750
X-20 Tax-exempt bond liabilitiesStart of year $15,153,938$15,153,938
X-25 Other liabilitiesStart of year $4,375,000$4,375,000
X-26 Total liabilitiesStart of year $46,602,402$46,830,708
X-27 Net assets without donor restrictionsStart of year $3,975,863$3,596,105
X-32 Total net assets or fund balancesStart of year $3,975,863$3,596,105
X-33 Total liabilities and net assetsStart of year $50,578,265$50,426,813
Part XI · Reconciliation of net assets $3,596,105 net assets at year end
XI-1 Total revenue$2,517,677
XI-2 Total expenses$2,897,435
XI-3 Revenue less expenses−$379,758
XI-4 Net assets at start of year$3,975,863
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,596,105

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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