2023-11-16T15:37:23-06:00 2022-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-01-01 822351889 EQUITABLE FACILITIES FUND INC EQUI 2125065089 228 PARK AVE S PMB 61633 NEW YORK NY 100031502 ANAND KESAVAN CEO 2125065089 2023-11-16 1 ANAND KESAVAN 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2023-09-28 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANAND KESAVAN 228 PARK AVE S PMB 61633 NEW YORK NY 100031502 109581682 0 X EQFUND.ORG X 2017 NY EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS. 5 5 16 5 0 0 15789312 78150000 18274380 30035741 471310 1395941 0 0 34535002 109581682 0 0 0 0 2716652 2690773 0 17147 199786 12280507 21851478 14997159 24559398 19537843 85022284 843754758 1150821941 580145716 803620450 263609042 347201491 X EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS. 0 0 23145959 30035741 THE EQUITABLE FACILITIES FUND LEVERAGES DONATIONS AND OTHER PHILANTHROPIC MONIES IT RECEIVES AND HOLDS TO ENABLE CHARTER SCHOOLS TO BORROW MORE CHEAPLY AND EFFECTIVELY. DESIGNING, IMPLEMENTING AND MAINTAINING THIS NEW SOURCE OF CAPITAL FOR CHARTER SCHOOL FACILITIES WILL ULTIMATELY LEAD TO IMPROVED PUBLIC EDUCATION FOR CHILDREN. 23145959 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X BRIAN KATES VP OF FINANCE 2125065089 102 WEST 118TH STREET NEW YORK NY 10026 BUDDY PHILPOT CHAIRMAN 5.00 X X 0 0 0 SCOTT PEARSON SECRETARY 5.00 X X 0 0 0 KEVIN HALL TREASURER 5.00 X X 0 0 0 AARTHI SOWRIRAJAN FROM 11522 DIRECTOR 5.00 X 0 0 0 NGUYEN HUYHN FROM 11522 DIRECTOR 5.00 X 0 0 0 ANAND KESAVAN CEO 40.00 X 500000 0 39683 MICHELLE GETZ CHIEF CREDIT OFFICER 40.00 X 220000 0 40004 MIKE MCGREGOR CHIEF OPERATIONS OFFICER 40.00 X 228000 0 23089 SHAWN MCCORMACK FROM 011122 INVESTMENT PRINCIPAL 40.00 X 208821 0 40161 WENDY BERRY INVESTMENT PRINCIPAL 40.00 X 198000 0 31803 MARC WANCER INVESTMENT PRINCIPAL 40.00 X 198000 0 19913 MARK MEDEMA SENIOR ADVISOR 40.00 X 107250 0 34940 1660071 0 229593 7 0 1 0 ZATA CONSULTING LLC 2093 PHILADELPHIA PIKE 5807 CLAYMONT DE 19703 CONSULTING SERVICES 189400 ZOGA INSIGHTS LLC 4302 NORTH HILLS DRIVE AUSTIN TX 78731 CONSULTING SERVICES 142157 KEVIN ALIN 959 COVERED BRIDGE TRAIL CHAPEL HILL NC 27517 STRATEGIC CONSULTING SERVICES 104504 3 8075000 70075000 78150000 LOAN INCOME 900099 29511381 29511381 SERVICE FEES 900099 524360 524360 30035741 1395941 1395941 109581682 30035741 0 1395941 1696821 1293621 297600 105600 545911 469390 55071 21450 92277 72539 14511 5227 228867 179912 35990 12965 126897 99753 19955 7189 4392 4392 219415 219415 17147 17147 768976 463327 305649 54626 54626 14307 11247 2250 810 136031 106934 21391 7706 58050 45633 9128 3289 231978 182358 36479 13141 20068231 20068231 12062 9482 1897 683 104540 104540 PORTFOLIO EVENTS 72343 72343 STAFF DEVELOPMENT & TEA 54738 43029 8608 3101 CELL PHONE 12196 9587 1918 691 BUSINESS LICENSES 7735 7735 31858 18573 12498 787 24559398 23145959 1213653 199786 3452036 3175828 1541 1540 7275000 580126050 939232216 359886 597051 62082 45732 24182 16350 257818132 196970074 -481 1973412 3553882 843754758 1150821941 4838366 8681035 571507350 791139415 3800000 3800000 580145716 803620450 X 262609042 330926491 1000000 16275000 263609042 347201491 843754758 1150821941 X 85022284 -1276835 -153000 X 0 1 X 1 1 1 X X 2 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 841553195 7 1 0 0 NATIONAL ALLIANCE FOR PUBLIC CHARTER 300274709 7 1 0 0 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 18750 18750 24540648 24559398 1000000 250000 0 0 397722 628588 899858 1000000 2926168 4389252 18750 18750 99431 157147 224965 250000 731543 1097315 3805 3805 0 58277 41927 16350 16350 INVESTMENT - US BANK 2021 SERIES A REVENUE FUND 2863 C INVESTMENT - US BANK 2021 SERIES A INTEREST ACCOUNT 807200 C INVESTMENT - US BANK 2021 SERIES A PRINCIPAL ACCOUNT 495833 C INVESTMENT - US BANK 2021 SERIES B INTEREST ACCOUNT 204333 C INVESTMENT - US BANK 2021 SERIES C INTEREST ACCOUNT 119500 C INVESTMENT - US BANK 2021 SERIES D INTEREST ACCOUNT 166800 C INVESTMENT - US BANK 2021 SERIES E INTEREST ACCOUNT 142167 C INVESTMENT - US BANK 2022 SERIES A INTEREST ACCOUNT 2289086 C INVESTMENT - US BANK 2022 SERIES A BOND PROCEEDS FUND 5425693 C INVESTMENT - US BANK 2022 SERIES B INTEREST ACCOUNT 1042679 C INVESTMENT - US BANK 1000 6500000 C INVESTMENT - US BANK 1001 23481254 C INVESTMENT - US BANK 1002 18062543 C INVESTMENT - US BANK 1005 120418275 C INVESTMENT - US BANK 1007 6971775 C INVESTMENT - US BANK 1008 2 C INVESTMENT - US BANK 1009 423991 C INVESTMENT - NORTHERN TRUST 2414485 C INVESTMENT - US BANK 1049 1686097 C INVESTMENT - US BANK 2019 SERIES A REVENUE FUND 22028 C INVESTMENT - US BANK 2019 SERIES A INTEREST ACCOUNT 702617 C INVESTMENT - US BANK 2019 SERIES A PRINCIPAL ACCOUNT 307500 C INVESTMENT - US BANK 2019 SERIES B REVENUE FUND 4654 C INVESTMENT - US BANK 2019 SERIES B INTEREST ACCOUNT 151000 C INVESTMENT - US BANK 2019 SERIES B PRINCIPAL ACCOUNT 64167 C INVESTMENT - US BANK 2020 SERIES A INTEREST ACCOUNT 831067 C INVESTMENT - US BANK 2020 SERIES A PRINCIPAL ACCOUNT 395833 C INVESTMENT - US BANK 2020 SERIES B INTEREST ACCOUNT 323500 C INVESTMENT - US BANK 2020 SERIES B PRINCIPAL ACCOUNT 157500 C INVESTMENT - US BANK LOAN CLEARING 673358 C INVESTMENT - CHASE 2682274 C 196970074 X 108304846 -1276836 -1276836 109581682 0 109581682 24559397 0 24559397 0 24559397 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR ARE TO BE TAKEN. ACCORDINGLY, NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS HAVE BEEN ACCRUED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X 1 ZOGA INSIGHTS LLC 4302 NORTH HILLS DRIVE AUSTIN TX 78731 NON-GOVERNMENT GRANTS, DEVELOP STRATEGY FOR STATE SPECIFIC F 0 12750000 17147 12732853 12750000 17147 12732853 0 1 0 0 0 0 0 0 0 ANAND KESAVAN CEO 500000 0 0 0 0 0 6761 0 32922 0 539683 0 0 0 MICHELLE GETZ CHIEF CREDIT OFFICER 220000 0 0 0 0 0 13200 0 26804 0 260004 0 0 0 MIKE MCGREGOR CHIEF OPERATIONS OFFICER 190000 0 38000 0 0 0 13205 0 9884 0 251089 0 0 0 SHAWN MCCORMACK FROM 011122 INVESTMENT PRINCIPAL 176250 0 32571 0 0 0 11854 0 28307 0 248982 0 0 0 WENDY BERRY INVESTMENT PRINCIPAL 180000 0 18000 0 0 0 10350 0 21453 0 229803 0 0 0 MARC WANCER INVESTMENT PRINCIPAL 180000 0 18000 0 0 0 9714 0 10199 0 217913 0 0 0 PART I, LINE 4(B) ANAND KESAVAN ACCRUED IN 2021, DISBURSED IN JANUARY 2022: $100,000, VESTS 12/31/2024 ACCRUED IN 2022, DISBURSED IN JANUARY 2023: $100,000 , VESTS 12/31/2025 MICHELLE GETZ ACCRUED IN 2021, DISBURSED IN JANUARY 2022: $44,000, VESTS 12/31/2024 ACCRUED IN 2022, DISBURSED IN JANUARY 2023: $44,000, VESTS 12/31/2025 EACH CONTRIBUTION LISTED HAS A 3 YEAR VESTING PERIOD, VESTING 100% AT THE END OF THE PERIOD. THE EMPLOYEE MUST BE EMPLOYED AND IN GOOD STANDING ON THE VESTING DAY FOR THE CONTRIBUTIONS TO VEST. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FCT0 2021-10-20 142415764 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035ACF4 2021-10-20 35680967 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 57653UAB8 2021-10-20 20647335 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 D CITY OF ALBANY CAPITAL RESOURCE CORPORATION 273467899 012430AB0 2021-10-20 28759224 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 1815000 143164043 4026254 779 306962 131147179 7682869 1 1 0 1 B 35683386 87640 332240 14817323 20446183 1 1 0 1 C 20660593 480260 230333 19950000 0 0 0 1 D 28777730 670355 466262 27641114 0 1 0 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 B 0 1 1 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 D 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 COLUMNS A, B, C, D & A OF THE FOLLOWING SCHEDULE K: COLUMNS A & B: THE SERIES 2019A AND 2019B BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON CHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. COLUMNS C & D: THE SERIES 2019C AND 2019D BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. COLUMN A: PART 1(F): SERIES 2019A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: SOULSVILLE FOUNDATION, INC., VILLAGE TECH SCHOOLS, ARIZONA SCHOOL FOR THE ARTS, BLACKSTONE VALLEY, LAUNCHPAD DEVELOPMENT COMPANY (ROCKETSHIP EDUCATION), KIPP NASHVILLE, KIPP JACKSONVILLE, JAMES IRWIN EDUCATIONAL FOUNDATION (JAMES IRWIN CHARTER SCHOOLS), AND ITINERIS HIGH SCHOOL. COLUMN B: PART 1(F): SERIES 2019B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: KIPP BAY AREA SCHOOLS, AND ALLIANCE FOR COLLEGE- READY PUBLIC SCHOOLS FACILITIES CORPORATION, CALIBER EAST BAY REAL ESTATE AND CALIBER PUBLIC SCHOOLS. COLUMN C: PART I (F): SERIES 2020A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: CHOICES IN LEARNING, INC., ARLINGTON CLASSICS ACADEMY, THE FRIENDS OF TEAM CHARTER SCHOOLS, INC., TEAM CHARTER SCHOOL, INC., NYOS CHARTER SCHOOL, INC., KIPP NASHVILLE, SCUOLA VITA NUOVA, BROOKSIDE CHARTER SCHOOL, DAYSPRING ACADEMY, SARASOTA SCHOOL OF ARTS AND SCIENCES, INC., BLACKSTONE VALLEY, AND PARAMOUNT SCHOOL OF EXCELLENCE, INC. COLUMN D: PART I (F): SERIES 2020B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: CALIBER EAST BAY REAL ESTATE, CALIBER PUBLIC SCHOOLS, RENAISSANCE ARTS ACADEMY, RAA 2558 SAN FERNANDO ROAD LLC, PICO UNION COLLECTIVE, EQUITAS ACADEMY CHARTER SCHOOL,INC., AND EQUITAS #5 AND #6 LLC. COLUMNS A, B, C, D & A OF THE FOLLOWING SCHEDULE K: THE SERIES 2021A, 2021B, 2021C, 2021D AND 2021 SUBORDINATE BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. COLUMN A: PART 1(F): SERIES 2021A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: PARAMOUNT SCHOOL OF EXCELLENCE, INC., LITTLE ACORN REAL ESTATE, INC., MEMPHIS RISE ACADEMY, INC., LITTLE SCHOLARS OF ARKANSAS, LLC, KIPP JACKSONVILLE, PALM BEACH SCHOOL FOR AUTISM PROPERTIES LLC, WESTERN ACADEMY, INC, MISSION ASCHIEVEMENT AND SUCCESS CHARTER SCHOOL, TULSA HONOR ACADEMY, AND VISTA COLLEGE PREPARATORY, INC. COLUMN B: PART 1(F): SERIES 2021B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ALLIANCE FOR COLLEGE-READY PUBLIC SCHOOLS CORPORATION, EQUITAS ACADEMY CHARTER SCHOOL, INC., EQUITAS #5 AND #6 LLC., AND KIPP BAY AREA SCHOOLS. COLUMN C: PART 1(F): SERIES 2021C BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ALMA DEL MAR FOUNDATION, INC. COLUMN D: PART 1(F): SERIES 2021D BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: KIPP ALBANY COMMUNITY PUBLIC CHARTER SCHOOLS. COLUMNS A-D: PART II, LINE 3: NOT IDENTICAL TO ISSUE PRICE DUE TO INVESTMENT EARNINGS. COLUMNS A-D: PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED SECTION 145 OF THE CODE. COLUMN A: PART 4, LINES 4(A) - 4(E): AN ANTICIPATORY HEDGE WAS ENTERED INTO ON THE BONDS AND WAS TERMINATED AT ISSUANCE. THE TERMINATION PAYMENT WAS ACCOUNTED FOR IN CALCULATING THE YIELD ON THE BONDS, CONSISTENT WITH SECTION 1.148-4(H)(5)(II)(B) OF THE TREASURY REGULATIONS. COLUMN A AND A, B, C, D OF THE PRIOR SCHEDULE K: COLUMNS B AND C: THE SERIES 2022A AND 2022 B BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX PURPOSES; HOWEVER, THE ISSUES HAVE BEEN SEPARATED OUT ON SCHEDULE K FOR PRESENTATION PURPOSES. AMOUNTS IN PART II REFLECT USE OF PROCEEDS BY THE BORROWER EQUITABLE FACILITIES FUND, INC. AND ALSO USE BY THE CHARTER SCHOOLS TO WHICH THE BORROWER MADE LOANS OF PROCEEDS. COLUMN A: PART 1(F): SERIES 2021A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: VISTA COLLEGE PREPARATORY, INC., AND FREEDOM PREPARATORY ACADEMY, INC. COLUMN B: PART 1(F): SERIES 2022A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ACHEIVEMENT FIRST RHODE ISLAND, AUSTIN ACHIEVE SCHOOLS, ARIZONA SCHOOL FOR THE ARTS, PAUL ROBESON CHARTER SCHOOL, VALOR FLAGSHIP, FREIRE CHARTER WILMINGTON, COMPASS ROSE LEGACY CAMPUS, KIPP IMPACT ACADEMY JACKSONVILLE, ESTEM DOWNTOWN SCHOOL, VISTA COLLEGE PREP, MSE SERIES 2022B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: FORTUNE SCHOOL OF EDUCATION, NVIRONMENTAL CHARTER SCHOOLS, KIPP NORTHERN CALIFORNIA PUBLIC SCHOOLS COLUMNS A-D: PART II, LINE 3: NOT IDENTICAL TO ISSUE PRICE DUE TO INVESTMENT EARNINGS. COLUMNS A-D: PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED SECTION 145 OF THE CODE. COLUMNS A & B: PART 4, LINES 4(A) - 4(E): N ANTICIPATORY HEDGE WAS ENTERED INTO ON THE BONDS AND WAS TERMINATED AT ISSUANCE. THE TERMINATION PAYMENT WAS ACCOUNTED FOR IN CALCULATING THE YIELD ON THE BONDS, CONSISTENT WITH SECTION 1.148-4(H)(5)(II)(B) OF THE TREASURY REGULATIONS. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FAX3 2019-08-29 109558533 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035AAT6 2019-08-29 23214309 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 C ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 043431814 04052FBV6 2020-08-27 146976682 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 D CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK 273467899 13035ABS7 2020-08-27 57945093 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 4260000 110661720 6828914 57763 2191102 33574759 68009182 2021 1 1 1 1 B 890000 23450021 1457557 27357 463376 7925784 13575947 2021 1 1 1 1 C 2645000 147511508 7582590 1985532 71638543 66304843 2021 1 1 1 1 D 1375000 58082367 2973159 712100 53353355 1043753 2021 0 1 1 1 A 1 1 1 1 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 D 1 0 0 0 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 B 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 C 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 D 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 A 1 B 1 C 1 D 1 A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FCV5 2021-10-20 23608055 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 B ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FDS1 2022-08-30 162690259 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 C CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13035ADC0 2022-08-30 70354565 TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 0 0 1 A 23414795 1737130 50885 21626781 0 0 0 1 B 162718327 28068 1579011 15568555 5425693 0 0 0 1 C 70354565 607594 69746971 0 0 0 1 A 1 0 0 0 0 0 1 B 1 0 0 0 0 0 1 C 1 0 0 0 0 0 1 A 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 1 B 0 1 0 0 0 1 GOLDMAN SACHS 0 1 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION A, LINE 6 EQUITABLE FACILITIES FUND IS MADE UP OF MEMBER ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 7A EQUITABLE FACILITIES FUND HAS MEMBER ORGANIZATIONS THAT ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY CURRENTLY DOES NOT HAVE ANY SUB-COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD CONDUCTS A PERFORMANCE EVALUATION OF THE CEO, WHICH INCLUDES REVIEWING COMPENSATION. THE BOARD ANNUALLY ENSURES THREE ELEMENTS ARE INCLUDED IN ITS REVIEW OF EXECUTIVE COMPENSATION: 1) ALL COMPENSATIONS CHANGES ARE APPROVED IN ADVANCE BY THE BOARD; 2) THERE IS CONCURRENT DOCUMENTATION FOR THE DECISION REFLECTED IN BOARD MINUTES; AND, 3) THERE IS A RELIANCE ON APPROPRIATE COMPARABILITY DATA. ANY CHANGES TO EXECUTIVE COMPENSATION ARE A RESULT OF THESE PROCEDURES. EFF MANAGEMENT PREPARED AN EXECUTIVE COMPENSATION STRATEGY FOR THE BOARD'S REVIEW AND APPROVAL DURING THE DECEMBER 2022 BOARD MEETING, UPDATING THE PREVIOUS COMPENSATION STRATEGY FROM 2017. THE STRATEGY WAS PREPARED BASED ON A SURVEY OF OTHER COMPARABLE NONPROFIT ORGANIZATIONS. THE STRATEGY INCLUDED PAY BANDS AND TOTAL COMPENSATION FOR EXECUTIVE TEAM MEMBERS AND ALL TEAM MEMBERS AS WELL AS PROCESS FOR REVIEWING AND APPROVING EXECUTIVE TEAM SALARY DECISIONS. THE BOARD APPROVED THE STRATEGY ON 12.8.2022. ANNUALLY PRIOR TO THE BEGINNING OF EACH FISCAL YEAR, THE BOARD HAS APPROVED CHANGES IN EXECUTIVE COMPENSATION BASED ON THIS ORIGINAL STRATEGY AND, NOW THE REVISED STRATEGY, BY REVIEWING PERFORMANCE AND APPROPRIATE COMPARABLE COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: LOSS ON DERIVATIVES -153,000. 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