2025-11-17T11:38:17-06:00 2024-12-31 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-01-01 822351889 EQUITABLE FACILITIES FUND INC EQUI 5625333043 228 PARK AVENUE SOUTH SUITE 61633 NEW YORK NY 100031502 ANAND KESAVAN CEO 5625333043 2025-11-17 1 0 ERIC HARRISON P01916785 2127094500 2025-11-15 2024 2025-03-06 01:10:19Z ANAND KESAVAN 228 PARK AVENUE SOUTH SUITE 61633 NEW YORK NY 100031502 134913992 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 22 5 0 0 24601164 68162500 41168130 55330236 6973300 14634993 1033177 -3213737 73775771 134913992 0 1000424 0 0 3371391 4928590 0 0 509023 28407825 45773507 31779216 51702521 41996555 83211471 1479720868 1925279588 1087722216 1448793997 391998652 476485591 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 49014582 1000424 55330236 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. 49014582 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 18 0 1 22 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 CORY VASTOLA 5625333043 228 PARK AVENUE SOUTH SUITE 61633 NEW YORK NY 10003 BUDDY PHILPOT CHAIRMAN 5.00 0.00 X X 0 0 0 SCOTT PEARSON SECRETARY 5.00 0.00 X X 0 0 0 KEVIN HALL TREASURER 5.00 0.00 X X 0 0 0 AARTHI SOWRIRAJAN DIRECTOR 5.00 0.00 X 0 0 0 NGUYEN HUYHN DIRECTOR 5.00 0.00 X 0 0 0 ANAND KESAVAN CEO 40.00 0.00 X 596680 0 16797 MICHELLE GETZ CHIEF CREDIT OFFICER 40.00 0.00 X 275875 0 22729 JON MCINTOSH CHIEF OF STAFF 40.00 0.00 X 245723 0 17729 SHAWN MCCORMACK INVESTMENT PRINCIPAL 40.00 0.00 X 218628 0 21067 WENDY BERRY INVESTMENT PRINCIPAL 40.00 0.00 X 220821 0 18740 MARC WANCER INVESTMENT PRINCIPAL 40.00 0.00 X 226375 0 13882 MIKE MCGREGOR CHIEF OPERATIONS OFFICER 40.00 0.00 X 481295 0 15789 2265397 0 126733 7 1 1 0 ZATA CONSULTING LLC 2093 PHILADELPHIA PIKE 5807 CLAYMONT DE 19703 CONSULTING SERVICES 231080 KEVIN ALIN 595 COVERED BRIDGE TRAIL CHAPEL HILL NC 27517 CONSULTING SERVICES 140250 SEVEN CS COLLECTIVE LLC 676 E 18TH STREET BROOKLYN NY 11230 CONSULTING SERVICES 130905 GRADIENT CONSULTING 1 BEACON STREET 17TH FL BOSTON MA 02108 CONSULTING SERVICES 124475 4 68162500 68162500 LOAN INCOME 900099 52631766 52631766 SERVICE FEES 900099 2698470 2698470 55330236 14634993 14634993 IN KIND REVENUES - PROFESSIONAL S 900099 904823 904823 IN KIND REVENUES - ZERO OR BELOW 900099 776222 776222 OTHER INCOME 900099 175700 175700 -5070482 -5070482 -3213737 134913992 52116499 0 14634993 1000424 1000424 2221259 1770331 254538 196390 899796 759505 129439 10852 1000490 579390 324841 96259 182003 137300 31301 13402 378104 285235 65026 27843 246938 186286 42468 18184 10860 10860 258963 258963 2392639 1647815 664358 80466 92124 92124 10610 8004 1825 781 173061 130554 29763 12744 79849 60237 13732 5880 477782 360431 82168 35183 41857656 41857656 16807 12679 2890 1238 117168 117168 PORTFOLIO EVENTS 113129 113129 STAFF DEVELOPMENT & TEA 100430 75763 17272 7395 ALL OTHER EXPENSES 44670 29843 12421 2406 BANK FEES 27759 27759 51702521 49014582 2178916 509023 2066938 1739606 1547 1555 2266667 25333334 6175 5000 1105452701 1377825219 250823 817179 105659 76677 17032 28982 364891569 513183979 4767416 6344734 1479720868 1925279588 6734936 12102441 1074666885 1410779667 3800000 19042125 2520395 6869764 1087722216 1448793997 X 363467777 450044674 28530875 26440917 391998652 476485591 1479720868 1925279588 83211471 1275469 0 X 0 1 X 1 1 1 X X 3 NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 841553195 7 1 0 0 NATIONAL ALLIANCE FOR PUBLIC CHARTER 300274709 7 1 0 0 EQUITABLE COMMUNITY VENTURES INC 992091921 7 1 1000000 0 3 1000000 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 899858 1000000 1000000 2899858 4349787 18750 18750 224965 250000 250000 724965 1087448 3805 3805 0 101854 72872 28982 28982 INVESTMENT - US BANK 2021 SERIES A REVENUE FUND 137571 C INVESTMENT - US BANK 2021 SERIES A INTEREST ACCOUNT 764467 C INVESTMENT - US BANK 2021 SERIES A PRINCIPAL ACCOUNT 605833 C INVESTMENT - US BANK 2021 SERIES B INTEREST ACCOUNT 218568 C INVESTMENT - US BANK 2021 SERIES C INTEREST ACCOUNT 127825 C INVESTMENT - US BANK 2021 SERIES D INTEREST ACCOUNT 178420 C INVESTMENT - US BANK 2021 SERIES E INTEREST ACCOUNT 142167 C INVESTMENT - US BANK 2022 SERIES A INTEREST ACCOUNT 1219194 C INVESTMENT - US BANK 2022 SERIES A BOND PROCEEDS FUND 10991 C INVESTMENT - US BANK 2022 SERIES B INTEREST ACCOUNT 555343 C INVESTMENT - US BANK 1000 12000000 C INVESTMENT - US BANK 1001 4066468 C INVESTMENT - US BANK 1002 24886301 C INVESTMENT - US BANK 1005 7490382 C INVESTMENT - US BANK 1007 7383858 C INVESTMENT - US BANK 1008 2 C INVESTMENT - US BANK 1009 251283 C INVESTMENT - NORTHERN TRUST 2660581 C INVESTMENT - US BANK 1049 1774740 C INVESTMENT - US BANK 2019 SERIES A REVENUE FUND 240088 C INVESTMENT - US BANK 2019 SERIES A INTEREST ACCOUNT 671033 C INVESTMENT - US BANK 2019 SERIES A PRINCIPAL ACCOUNT 340000 C INVESTMENT - US BANK 2019 SERIES B REVENUE FUND 51174 C INVESTMENT - US BANK 2019 SERIES B INTEREST ACCOUNT 144458 C INVESTMENT - US BANK 2019 SERIES B PRINCIPAL ACCOUNT 70000 C INVESTMENT - US BANK 2020 SERIES A INTEREST ACCOUNT 798767 C INVESTMENT - US BANK 2020 SERIES A PRINCIPAL ACCOUNT 427500 C INVESTMENT - US BANK 2020 SERIES B INTEREST ACCOUNT 310667 C INVESTMENT - US BANK 2020 SERIES B PRINCIPAL ACCOUNT 170833 C INVESTMENT - US BANK LOAN CLEARING 1075112 C INVESTMENT - CHASE 16702320 C INVESTMENT - US BANK 2023 SERIES A BOND PROCEEDS FUND 2685061 C INVESTMENT - US BANK 1003 41621877 C INVESTMENT - US BANK 1004 37689194 C INVESTMENT - US BANK 1021 1960961 C INVESTMENT - US BANK 1068 7371007 C INVESTMENT - US BANK 1080 12442442 C INVESTMENT - US BANK 1081 32615006 C INVESTMENT - NON VESTED DEF COMP 495838 C INVESTMENT - US BANK 2020 SERIES B REVENUE FUND 44767 C INVESTMENT - US B ANK 2020 SERIES A REVENUE FUND 113905 C INVESTMENT - US BANK 1058 85000 C INVESTMENT - US BANK 1091 2 C INVESTMENT - US BANK 1084 62348673 C INVESTMENT - US BANK 1082 2 C INVESTMENT - US BANK 1006 27123035 C INVESTMENT - US BANK 2022 SERIES A PRINCIPAL ACCOUNT 185328 C INVESTMENT - US BANK 2022 SERIES B PRINCIPAL ACCOUNT 92664 C INVESTMENT - US BANK 2023 SERIES A INTEREST ACCOUNT 2510176 C INVESTMENT - US BANK 2024 SERIES A INTEREST ACCOUNT 1542935 C INVESTMENT - US BANK 2024 SERIES A BOND PROCEEDS FUND 147343869 C INVESTMENT - US BANK 2024 SERIES B INTEREST ACCOUNT 1182357 C INVESTMENT - US BANK 2024 SERIES B BOND PROCEEDS FUND 48253934 C 513183979 OTHER LIABILITY 6869764 6869764 X 134913992 0 134913992 0 134913992 51702521 0 51702521 0 51702521 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FUND AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST PART XII, LINE 2D - OTHER ADJUSTMENTS: IN-KIND INTEREST 1 0 1 0 0 0 0 0 0 0 ANAND KESAVAN CEO 595833 0 0 0 847 0 8753 0 8044 0 613477 0 0 0 MIKE MCGREGOR CHIEF OPERATIONS OFFICER 219792 0 0 0 261503 0 13753 0 2036 0 497084 0 0 0 MICHELLE GETZ CHIEF CREDIT OFFICER 269375 0 0 0 6500 0 15375 0 7354 0 298604 0 0 0 JON MCINTOSH CHIEF OF STAFF 200000 0 20000 0 25723 0 14730 0 2999 0 263452 0 0 0 MARC WANCER INVESTMENT PRINCIPAL 205000 0 20500 0 875 0 13530 0 352 0 240257 0 0 0 SHAWN MCCORMACK INVESTMENT PRINCIPAL 198000 0 19800 0 828 0 13068 0 7999 0 239695 0 0 0 WENDY BERRY INVESTMENT PRINCIPAL 200000 0 20000 0 821 0 11500 0 7240 0 239561 0 0 0 A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FAX3 2019-08-29 109558533 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOM 630304653 13035AAT6 2019-08-29 23214309 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 C ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FBV6 2020-08-27 146976682 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 D CALIFORNIA INFRASTUCTURE AND ECONOM 630304653 13035ABS7 2020-08-27 57945093 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 A 8050000 108296050 4463244 57763 2191102 33574759 68009182 2021 1 1 1 1 B 1675000 22937034 944570 27357 463376 7925784 13575947 2021 1 1 1 1 C 7490000 145461126 5532208 1985532 71638543 66304843 2021 1 1 1 1 D 3300000 57274439 2165231 712100 53353355 1043753 2021 0 1 1 1 A 1 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 0 1 GOLDMAN SACHS 0 1 0 0 1 B 0 0 1 1 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 0 A 1 B 1 C 1 D 1 SCHEDULE K 1 OF 4 SUPPLEMENTAL INFORMATION: SCHEDULE K, PART I, BOND ISSUES: A - (A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY A - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS B - (A) ISSUER NAME: CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK B - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS C - (A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY C - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS D - (A) ISSUER NAME: CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK D - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 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 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. COLUMNS C & D: THE SERIES 2020A AND 2020B 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 I(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 I(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-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-V: PART IV, LINES 2(A) - 2(C): THE SERIES 2019A AND 2019B BOND HAD THEIR FIRST INSTALLMENT REBATE COMPUTATION PERFORMED ON 8/29/2024. THERE WAS NO REBATE DUE. COLUMNS A-C: PART IV, 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. THREE ADDITIONAL SCHEDULE K'S FOLLOW SCHEDULE K 2 OF 4 SUPPLEMENTAL INFORMATION: SCHEDULE K, PART I, BOND ISSUES: A - (A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY A - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS B - (A) ISSUER NAME: CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK B - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS C - (A) ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY C - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS D - (A) ISSUER NAME: CITY OF ALBANY CAPITAL RESOURCE CORPORATION D - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS 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 I(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 I(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 I(F): SERIES 2021C BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ALMA DEL MAR FOUNDATION, INC. COLUMN D: PART I(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 IV, 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. TWO ADDITIONAL SCHEDULE K'S FOLLOWS SCHEDULE K 3 OF 4 SUPPLEMENTAL INFORMATION: SCHEDULE K, PART I, BOND ISSUES: A - A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY A - F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS B - A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY B - F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS C - (A) ISSUER NAME: CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK C - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS D - A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY D - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS COLUMN A AND A, B, C, D OF THE PRIOR 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. COLUMNS B AND C: THE SERIES 2022A AND 2022B 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 D: THE SERIES 2023A BONDS WERE ISSUED AS A SINGLE ISSUE FOR INCOME TAX 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 I(F): THE 2021 SUBORDINATE BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: VISTA COLLEGE PREPARATORY, INC., AND FREEDOM PREPARATORY ACADEMY, INC. COLUMN B: PART I(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 COLUMN C: PART I(F): SERIES 2022B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: FORTUNE SCHOOL OF EDUCATION, ENVIRONMENTAL CHARTER SCHOOLS, KIPP NORTHERN CALIFORNIA PUBLIC SCHOOLS COLUMN D: PART I(F): SERIES 2023A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: AMIGOS POR VIDA FOR LIFE HOUSING AND EDUCATION CORPORATION, ARIZONA SCHOOL FOR THE ARTS, WONDERLAND EDUCATION ESTATE ASSOCIATION, BLACKSTONE VALLEY, COMPASS ROSE EDUCATION, ELEVATE ACADEMY,INC., ETOILE ACADEMY, INC., FRIENDSHIP ASPIRE ARKANSAS, INC., GREAT OAKS LEGACY CHARTER SCHOOL, HERITAGE COMMUNITY CHARTER SCHOOL, INC., HOUSTON CLASSICAL, INC., PAUL ROBESON CHARTER SCHOOL FOR THE HUMANITIES, VISTA COLLEGE PREPARATORY, INC. 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 OFAMOUNTS PERMITTED SECTION 145 OF THE CODE. COLUMNS A, B & D: PART IV, 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. ONE ADDITIONAL SCHEDULE K FOLLOWS SCHEDULE K 4 OF 4 SUPPLEMENTAL INFORMATION: SCHEDULE K, PART I, BOND ISSUES: A - A) ISSUER NAME: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY A - F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS B - (A) ISSUER NAME: CALIFORNIA INFRASTUCTURE AND ECONOMIC DEVELOPMENT BANK B - (F) DESCRIPTION OF PURPOSE: TO FINANCE LOANS FOR CAPITAL PROJECTS FOR PUBLIC CHARTER SCHOOLS COLUMNS A AND B: THE SERIES 2024A AND 2024B 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 I(F): THE 2024A BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: HEALTHY START EDUCATION INC., D/B/A DURHAM CHARTER SCHOOL, RHODE ISLAND NURSES INSTITUTE MIDDLE COLLEGE CHARTER HIGH SCHOOL, TEJANO CENTER FOR COMMUNITY CONCERNS DBA RAUL YZAGUIRRE SCHOOLS FOR SUCCESS COLUMN B: PART I(F): THE 2024B BOND PROCEEDS FINANCED LOANS TO THE FOLLOWING CHARTER SCHOOLS OR AFFILIATES THEREOF: ENVIRONMENTAL CHARTER SCHOOLS AND MENLO CHARTER PROPERTIES, KIPP BAY AREA SCHOOLS AND KBARE, PARTNERSHIPS TO UPLIFT COMMUNITIES VALLEY AND TRI-LAKE CHARTER SCHOOL PROPERTIES, LLC, YU MING CHARTER SCHOOL COLUMNS A-B; PART II, LINE 3: NOT IDENTICAL TO ISSUE PRICE DUE TO INVESTMENT EARNINGS. COLUMNS A-B: 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 OFAMOUNTS PERMITTED SECTION 145 OF THE CODE. THIS IS THE FINAL 2024 SCHEDULE K A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FCT0 2021-10-20 142415764 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOM 630304653 13035ACF4 2021-10-20 35680967 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 C MASSACHUSETTS DEVELOPMENT FINANCE 043431814 57653UAB8 2021-10-20 20647335 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 D CITY OF ALBANY CAPITAL RESOURCE CORP 273467899 012430AB0 2021-10-20 28759224 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 A 8225000 142658999 3521210 779 306962 131147179 7682869 2022 1 1 1 1 B 35980506 384760 332240 14817323 20446183 2022 1 1 1 1 C 20646824 466491 230333 19950000 2022 0 0 1 1 D 28758511 651136 466262 27641114 2022 0 1 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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 A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FCV5 2021-10-20 23608055 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 B ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FDS1 2022-08-30 162690259 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 C CALIFORNIA INFRASTUCTURE AND ECONOM 630304653 13035ADC0 2022-08-30 70354565 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 D ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FEM3 2023-12-19 301549583 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 A 23616822 1939156 50885 21626781 2022 0 0 1 1 B 23616822 1680138 100022 1579011 161111248 2023 0 0 0 1 C 71075593 721028 607594 69746971 2023 0 0 0 1 D 307945602 3064240 3331779 2713180 296151343 2685061 0 0 0 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 1 0 0 0 0.00000 0.00000 0.00000 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 0 0 0 1 D 0 1 1 0 0 1 GOLDMAN SACHS 0 1 0 0 0 A 1 B 1 C 1 D 1 A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052FFF7 2024-10-30 199825272 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 B CALIFORNIA INFRASTUCTURE AND ECONOM 813526584 13035ADX4 2024-10-30 154477337 TO FINANCE LOANS FOR CAPITAL PRO 0 0 1 A 202957012 2013653 1118086 1296146 51156515 147372611 0 1 0 1 B 156520777 1543064 500377 907293 105377397 48192647 1 0 0 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 0 0 0 0 0 1 B 0 1 1 0 0 0 0 0 1 A 1 B 1 EFF COMMUNITY VENTURES WHOLLY OWNED SUBSIDIARY 1000000 STARTUP CAPITAL 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 2023 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 12.8.2023. 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. EQUITABLE SCHOOL REVOLVING FUND LLC 228 PARK AVE S NEW YORK NY 100031502 825059293 SUPPORT CHARTER SCHOOLS DE 66969080 1878848041 EQUITABLE FACILITIES FUND INC NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 105 WEST ADAMS ST CHICAGO IL 60603 841553195 SUPPORT CHARTER SCHOOLS IL 501(C)(3) LINE 7 0 NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS 1101 15TH STREET NW NO 1010 WASHINGTON DC 20005 300274709 SUPPORT CHARTER SCHOOLS DC 501(C)(3) LINE 7 0 EQUITABLE COMMUNITY VENTURES INC 228 PARK AVE S NUM 61633 NEW YORK NY 10003 992091921 SUPPORT CHARTER SCHOOLS DE 501(C)(3) IN PROCESS LINE 7 0 0 1 0 0 1 0 0 1 0 0 1 0 1 0 1 1 1 0 0 EFF COMMUNITY VENTURES INC B 1000000 FMV EQUITABLE SCHOOL REVOLVING FUND LLC E 12163000 FMV EQUITABLE FACILITIES FUND INC H 12163000 FMV