2024-05-15T17:40:39-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 261375692 LIFE SOURCE INTERNATIONAL CHARTER SCHOOL LIFE 6615792970 44339 BEECH AVE LANCASTER CA 93534 JOSEPH LAING TREASURER 6615792970 2024-05-14 1 JOSEPH LAING 999009999 0 DERRICK DEBRUYNE P00591016 6268577300 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEBERAE CULPEPPER-OFORI 44339 BEECH AVE LANCASTER CA 93534 10378344 0 X HTTP://LIFESOURCECHARTERSCHOOL.ORG/ X 2008 CA OUR PURPOSE IS TO PROVIDE A SAFE, HAPPY ENVIRONMENT FOR YOUR CHILD, WHERE THEY ARE ABLE TO BE THEMSELVES AND THRIVE; WHILE ACQUIRING THE EDUCATIONAL FOUNDATION NEEDED TO ACHIEVE. 3 3 50 3 0 0 5038936 9924558 0 0 7 0 0 453786 5038943 10378344 0 0 0 0 2732267 2684303 0 0 0 2891851 6231446 5624118 8915749 -585175 1462595 5917170 7108726 3881486 3681177 2035684 3427549 WE ARE COMMITTED TO ACADEMIC EXCELLENCE BY VIGOROUSLY ENGAGING STUDENTS IN A RIGOROUS, STUDENT-CENTERED LEARNING ENVIRONMENT THAT WILL FOSTER THE DEVELOPMENT OF GLOBAL CITIZENS. 0 0 6617407 THROUGH ITS ACADEMICALLY ADVANCED CURRICULUM, LIFE SOURCE INTERNATIONAL CHARTER SCHOOL'S VISION IS TO PRODUCE GLOBALLY RESPONSIBLE CITIZENS WHO ARE CHALLENGED TO CULTIVATE PERSONAL, POSITIVE, AND IMPACTFUL CHANGE IN THEIR COMMUNITIES. 6617407 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 19 0 1 50 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 CA X CHARTER IMPACT (KALIA LEE) 8884740322 8500 BALBOA BLVD STE 140 NORTHRIDGE CA 91325 JEFFREY PATTERSON PRESIDENT 0.25 X X 0 0 0 JOSEPH LAING TREASURER 0.25 X X 0 0 0 RONALD WILLIS SECRETARY 0.25 X X 0 0 0 DR DEBERAE CULPEPPER EXECUTIVE DIRECTOR 40.00 X 226004 0 52124 226004 0 52124 1 0 1 0 0 9321102 603456 9924558 453786 0 453786 453786 453786 10378344 0 0 453786 X 261826 261826 1708950 1519683 189267 713527 610550 102977 147656 147656 27781 27781 33579 33579 3213180 2549944 663236 149163 118374 30789 166823 132389 34434 864495 686054 178441 10592 10592 13340 10586 2754 91909 91909 265649 265649 123951 98366 25585 BOOKS & SUPPLIES 819059 649996 169063 ALL OTHER EXPENSES 133403 105868 27535 UTILITIES 103389 82048 21341 COMMUNICATIONS 67477 53549 13928 8915749 6617407 2298342 0 959858 1943934 1449060 1895859 153240 54773 4871231 1657071 3331062 3214160 23950 0 5917170 7108726 1106920 1271075 361450 49212 2413116 2325874 0 35016 3881486 3681177 X 2035684 3427549 2035684 3427549 5917170 7108726 1462595 -70730 0 X X 0 0 0 X 2907309 503465 2403844 1409140 694645 714495 554782 458961 95821 3214160 UNEARNED REVENUE 35016 35016 X PART X, LINE 2: THE ORGANIZATION IS A 509(A)(1) PUBLICLY SUPPORTED NONPROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTIONS 501(A) AND 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ALSO EXEMPT FROM CALIFORNIA FRANCHISE OR INCOME TAX UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE LLC IS A DISREGARDED ENTITY AND EXEMPT FROM THE CALIFORNIA LLC TAXES AND FEES UNDER SECTION 23701H OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE ORGANIZATION MAY BE SUBJECT TO TAX ON INCOME WHICH IS NOT RELATED TO ITS EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2023, NO SUCH UNRELATED BUSINESS INCOME WAS REPORTED AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE ORGANIZATION FOLLOWS PROVISIONS OF UNCERTAIN TAX POSITIONS AS ADDRESSED IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 958. THE SCHOOL RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE ARE NO AMOUNTS ACCRUED IN THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER AS A PUBLIC SCHOOL. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT PROVIDE ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM THE STATE OF CALIFORNIA DEPARTMENT OF EDUCATION. X X 0 0 0 0 0 0 0 0 0 DR DEBERAE CULPEPPER EXECUTIVE DIRECTOR 226004 0 0 0 0 0 37891 0 14233 0 278128 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED FOR THE YEAR. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IN DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G EDUCATIONAL CONSULTANTS: PROGRAM SERVICE EXPENSES 2,034,727. MANAGEMENT AND GENERAL EXPENSES 529,229. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,563,956. SPECIAL EDUCATION: PROGRAM SERVICE EXPENSES 129,113. MANAGEMENT AND GENERAL EXPENSES 33,582. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162,695. SECURITY: PROGRAM SERVICE EXPENSES 94,043. MANAGEMENT AND GENERAL EXPENSES 24,460. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 118,503. PROFESSIONAL AND CONSULTING: PROGRAM SERVICE EXPENSES 292,061. MANAGEMENT AND GENERAL EXPENSES 75,965. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 368,026. FORM 990. PART XII, LINE 2C: THERE WERE NO CHANGES IN OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR. BEECH CHARTER SCHOOL PROPERTIES LLC 44339 BEECH AVE LANCASTER CA 93534 261375692 FACILITIES FOR CHARTER SCHOOL. CA 453786 2636605 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 BEECH CHARTER SCHOOL PROPERTIES LLC J 453786 FMV