2024-05-07T17:39:11-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 811307231 OPTIONS FOR YOUTH - DUARTE INC OPTI 6263988940 320 N HALSTEAD STREET 210 PASADENA CA 91107 BONNIE LIND PRESIDENT 6263988940 2024-04-29 1 BONNIE LIND 999009999 0 WADE MCMULLEN P00541671 6268577300 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BONNIE LIND 320 N HALSTEAD STREET 210 PASADENA CA 91107 51390238 0 X WWW.OFY-D.ORG X 2018 CA TO PROVIDE ALTERNATIVE EDUCATIONAL PROGRAMS FOR STUDENTS OF THE COMMUNITY. 3 3 461 3 0 0 17753728 51390238 0 0 0 0 0 0 17753728 51390238 0 0 0 0 8625577 26374011 0 0 0 9562997 28422032 18188574 54796043 -434846 -3405805 8607605 39134421 9385105 39432989 -777500 -298568 TO PROVIDE ALTERNATIVE EDUCATIONAL PROGRAMS FOR STUDENTS OF THE COMMUNITY IN WHICH IT SERVES. 0 0 48380120 THE ORGANIZATION IS A CHARTER SCHOOL OF THE DUARTE CITY UNIFIED SCHOOL DISTRICT FOR STUDENTS THAT DESIRE A NON-TRADITIONAL LEARNING ENVIRONMENT. IN THE 2022-2023 SCHOOL YEAR, THE ORGANIZATION SERVED 2,354 STUDENTS IN GRADES 7 THROUGH 12. 48380120 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 461 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CA X CYNTHIA HARSEN 6266859300 320 N HALSTEAD ST SUITE 210 PASADENA CA 91107 X BERNADETTER GRANT PRINCIPAL 40.00 X 135931 0 11097 JENNIFER ZAHORYIN PRINCIPAL 40.00 X 128747 0 15190 CHRISTOPHER COPELAND LEAD TEACHER 40.00 X 113976 0 16030 SINDY PARK LEAD TEACHER 40.00 X 108535 0 14942 MEGAN BETRY LEAD TEACHER 40.00 X 104961 0 9844 BONNIE LIND PRESIDENT 1.00 X X 0 0 0 PETER RUSELL SECRETARY/TREASURER 1.00 X X 0 0 0 DANA KHUDAVERDYAN MEMBER 1.00 X 0 0 0 592150 0 67103 7 0 0 0 CP ANTELOPE SHOPS LLC 2009 PORTERFIELD WAY SUITE P UPLAND CA 91786 RENT 250019 EXCEL REALTY PARTNERS LP PO BOX 645321 CINCINNATI OH 45264 RENT 236286 3RD STREET PROPETY LLC 914 SOUTH VICTORY BLVD BURBANK CA 91502 RENT 208862 EDS LLC 1600 E HILL STREET BLDG 1 SIGNAL HILL CA 90755 RENT 181298 PALMDALE WEST LLC 555 S FLOWER ST FLOOR 51 5-A LOS ANGELES CA 90071 RENT 179283 13 51390238 51390238 51390238 0 0 0 20893924 20893924 550838 550838 3198063 3198063 1731186 1731186 10483951 7954846 2529105 4872810 3697313 1175497 260278 260278 1348745 1348745 82011 82011 5104147 5104147 186274 139706 46568 441027 441027 787599 787599 202822 202822 INSTRUCTIONAL MATERIALS 3033663 3033663 OTHER EXPENSES 1618705 1004002 614703 54796043 48380120 6415923 0 2547684 10230781 5094810 16266819 622081 622824 4623057 835729 236550 3787328 106480 8226669 8607605 39134421 4014279 10101429 540072 2899354 4830754 3442337 15000000 0 7989869 9385105 39432989 X -777500 -298568 -777500 -298568 8607605 39134421 X -3405805 3884737 X X 0 1 X 1 0 X 3672349 527666 3144683 593340 308063 285277 357368 357368 3787328 SECURITY DEPOSITS 440940 OPERATING LEASE RIGHT OF USE ASSET 7785729 8226669 OPERATING LEASE LIABILITY 7989869 7989869 X 51390238 0 51390238 0 51390238 54796043 0 54796043 0 54796043 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE COMPANY FILES AN EXEMPT COMPANY RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY CAN BE FOUND ON THE WEBSITE. SCHEDULE E, PART I, LINE 4 FINANCIAL AID IS NOT OFFERED. SCHEDULE E, PART I, LINE 6 THE SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 3 PROPEL INC., A CHARTER MANAGEMENT ORGANIZATION FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE SCHOOL'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISTRIBUTES A WRITTEN CONFLICT OF INTEREST POLICY AND CODE OF ETHICS THAT APPLIES TO ALL EMPLOYEES. DIRECTORS ARE PROHIBITED FROM OWNING ANY INTEREST IN ANY ENTITY WITH WHICH THE ORGANIZATION ENGAGES IN ANY BUSINESS OR CONTRACTUAL RELATIONSHIP OF ANY KIND, AND ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE BOARD. ADDITIONALLY, THE ORGANIZATION PERIODICALLY SOLICITS BIDS FOR CONTRACTS FROM A POOL OF VENDORS AND AS A RESULT PERFORMS DUE DILIGENCE AS TO THE SAME VENDOR MULTIPLE TIMES. THIS FREQUENT CONTACT ALLOWS FOR MORE CONTINUOUS MONITORING OF POTENTIAL CONFLICTS. CONTRACTS WITH ANY VENDOR RELATED TO A DIRECTOR OR OFFICER ARE CONSIDERED RELATED PARTY TRANSACTIONS AND ARE REVIEWED BY THE BOARD WITH A HIGH LEVEL OF SCRUTINY. CONFLICTS ARE REQUIRED TO BE DISCLOSED TO THE BOARD PRIOR TO THE DISCUSSION OF THE PROPOSED CONTRACT, AND THE RELATED PARTY IS PROHIBITED FROM ANY DISCUSSION OR VOTING IN CONNECTION WITH THE CONTRACT. THE BOARD DETERMINES WHETHER THE CONTRACT PROVIDES THE GOODS OR SERVICES THAT ARE MOST NEEDED BY THE ORGANIZATION AND WHETHER THE BEST PRICE FOR SUCH GOODS OR SERVICES IS BEING OBTAINED IN COMPARISON WITH THE PROPOSED CONTRACT. IF THERE IS A QUESTION AS TO WHETHER A CONFLICT EXISTS, THE BOARD HOLDS A VOTE TO DETERMINE WHETHER A CONFLICT IS DEEMED TO EXIST, WITH ANY INTERESTED DIRECTOR OR OFFICER EXCLUDED FROM THE PROCEEDINGS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S PAY IS 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. DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD MEETING AND IN SEPARATE INSTRUCTIONS TO THE EXECUTIVE DIRECTOR TO IMPLEMENT THE DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND RECENT FEDERAL INCOME TAX RETURNS ARE MADE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S PRINCIPAL OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM OTHER CHARTER SCHOOL 3,884,737. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.