2026-05-14T08:18:38-05:00 2025-06-30 450250958 EIDE BAILLY LLP 800 NICOLLET MALL STE 1300 MINNEAPOLIS MN 554027033 990 2024-07-01 454683724 MAGNOLIA PROPERTIES MANAGEMENT INC MAGN 7148925066 250 E 1ST ST 1500 LOS ANGELES CA 90012 CAFER TURAN INTERIM CFO 7148925066 2026-05-13 1 1 KIM HUNWARDSEN CPA P00484560 6122536500 2026-05-13 2024 2025-03-06 01:10:19Z CAFER TURAN 250 E 1ST ST 1500 LOS ANGELES CA 90012 604452 0 X N/A X 2012 CA TO PROVIDE EDUCATIONAL FACILITIES FOR THE MAGNOLIA PUBLIC SCHOOLS 3 3 0 1 0 0 0 478327 5335838 4807390 174556 149461 -4005891 -4830726 1504503 604452 0 0 0 0 0 0 0 0 0 2715704 7039867 2715704 7039867 -1211201 -6435415 107034266 125639592 52404012 71293616 54630254 54345976 TO PROVIDE EDUCATIONAL FACILITIES FOR THE MAGNOLIA PUBLIC SCHOOLS 0 0 6961192 4807390 TO OWN, LEASE AND FINANCE EDUCATIONAL FACILITIES FOR THE CHARTER SCHOOLS OPERATED BY MAGNOLIA PUBLIC SCHOOLS. 6961192 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CA X CAFER TURAN 7148925066 250 E 1ST ST 1500 LOS ANGELES CA 90012 X RABBI HAIM BELIAK DIRECTOR 2.00 0.00 X X 0 0 0 MEKAN MUHAMMEDOV CHAIR 2.00 2.00 X X 0 0 0 SANDRA COVARRUBIAS DIRECTOR 2.00 2.00 X X 0 0 0 ALFREDO RUBALCAVA CEO 2.00 40.00 X 0 267271 20292 STEVE BUDHRAJA CFO/TREASURER 2.00 40.00 X 0 205166 13528 ERDINC ACAR DEPUTY SUPERINTENDENT 2.00 40.00 X 0 215350 20292 PATRICK ONTIVEROS SECRETARY 2.00 40.00 X 0 197612 20292 0 885399 74404 0 0 1 0 0 478327 478327 LEASE REVENUE 531190 4807390 4807390 4807390 149461 149461 EXTINGUISHMENT OF DEBT 900099 -1221729 -1221729 SALES-TYPE LEASE LOSS 900099 -3608997 -3608997 -4830726 604452 4807390 0 -4681265 10248 10248 235000 235000 4385918 4385918 859565 859565 AMORTIZATION 1365457 1365457 CAPITAL OUTLAY 115252 115252 COST OF ISSUANCE 68427 68427 7039867 6961192 78675 0 4530713 20540386 3540002 47360162 5161469 52419278 42198693 11613448 50084275 47747063 107034266 125639592 26438241 27105075 25515737 41181550 450034 3006991 52404012 71293616 X 54630254 54345976 54630254 54345976 107034266 125639592 X -6435415 3658334 2492803 X 0 1 X 1 0 X X 1 MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION 954649884 7 1 0 6961192 1 0 6961192 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN VI MAGNOLIA PROPERTIES MANAGEMENT PROVIDES EDUCATIONAL FACILITIES FOR THE MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14566854 14566854 30192949 5161469 25031480 2600359 2600359 42198693 SALES-TYPE LEASE RECEIVABLE 47747063 47747063 REFUNDABLE ADVANCE 1817082 INTEREST PAYABLE 108167 INTRA-ENTITY PAYABLE 1081742 3006991 X PART X, LINE 2: MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 0 0 0 0 0 0 0 0 0 ALFREDO RUBALCAVA CEO 0 267271 0 0 0 0 0 0 0 20292 0 287563 0 0 ERDINC ACAR DEPUTY SUPERINTENDENT 0 215350 0 0 0 0 0 0 0 20292 0 235642 0 0 STEVE BUDHRAJA CFO/TREASURER 0 205166 0 0 0 0 0 0 0 13528 0 218694 0 0 PATRICK ONTIVEROS SECRETARY 0 197612 0 0 0 0 0 0 0 20292 0 217904 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT ESTABLISH THE COMPENSATION OF THE CEO.. COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, MAGNOLIA EDUCATION AND RESEARCH FOUNDATION. A CALIFORNIA SCHOOL FINANCE AUTHORITY 680280917 13058TVE7 2025-04-17 27459385 REFUND TAX-EXEMPT & TAXABLE BONDS ISSUED 6/26/2014, 9/6/2017, & 8/31/2022 0 1 0 A 27459385 544188 26915197 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 7A MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION, THE SPONSOR, ACTING THROUGH ITS BOARD OF DIRECTORS, SHALL DESIGNATE THE DIRECTORS OF THE CORPORATION. A DIRECTOR MAY BE REMOVED AT ANY TIME FOR ANY REASON BY THE SPONSOR. FORM 990, PART VI, SECTION A, LINE 7B MAGNOLIA EDUCATIONAL & RESEARCH FOUNDATION, THE SPONSOR MAY AMEND BOTH THE ARTICLES AND THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND EXECUTIVE STAFF ARE REQUIRED TO SUBMIT REPORTS THAT DOCUMENT ANY POSSIBLE CONFLICTS OF INTEREST USING THE FORM 700 AS REQUIRED BY THE OVERSIGHT AGENCY OF THE SPONSOR. FORM 990, PART VI, SECTION C, LINE 18 ALL TAX RETURNS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MAINTAINED AT THE CORPORATE OFFICE AND ARE AVAILABLE UPON REQUEST. FORM 990 PART VII SECTION A COLUMN F THE RELATED ORGANIZATION PARTICIPATES IN THE PUBLIC EMPLOYEE RETIREMENT SYSTEM OF CALIFORNIA AND STATE TEACHERS RETIREMENT SYSTEM, DEFINED BENEFIT PLANS, DUE TO THE SIZE AND VARIED PARTICIPANTS IN THIS PLAN THE ACTUARIAL VALUE IS NOT CALCULATED ON A PER EMPLOYEE BASIS. NO AMOUNT IS INCLUDED IN COLUMN F FOR A REASONABLE ESTIMATE OF THE INCREASE IN ACTUARIAL VALUE. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 2,492,803. MPM SHERMAN WAY LLC 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA -223298 33757962 MAGNOLIA PROPERTIES MANAGEMENT MPM SANTA ANA LLC 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA 154086 8893076 MAGNOLIA PROPERTIES MANAGEMENT MPM SAN DIEGO LLC 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA 238971 17476423 MAGNOLIA PROPERTIES MANAGEMENT MPM SHERMAN WINNETKA LLC 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA 235000 0 MAGNOLIA PROPERTIES MANAGEMENT MPM 16600 VANOWEN STREET LLC 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA 226141 32898903 MAGNOLIA PROPERTIES MANAGEMENT MPM 18120 SHERMAN WAY 250 E 1ST SUITE 1500 LOS ANGELES CA 90012 PROPERTY HOLDING LLC CA 0 0 MAGNOLIA PROPERTIES MANAGEMENT MAGNOLIA EDUCATIONAL AND RESEARCH FOUNDATION 13950 MILTON AVE WESTMINSTER CA 92683 954649884 PUBLIC CHARTER SCHOOLS CA 501(C)(3) LINE 7 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1