Pittsburg Unified School District Financing Corporation

Organization Overview

Pittsburg Unified School District Financing Corporation is located in Pittsburg, CA. The organization was established in 1995. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburg Unified School District Financing Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2023, Pittsburg Unified School District Financing Corporation generated $669.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.6%) each year. All expenses for the organization totaled $669.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (23.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST PITTSBURG UNIFIED SCHOOL DISTRICT BY PROVIDING FUNDING FOR CAPITAL IMPROVEMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION PROVIDES FOR THE CONSTRUCTION OF BUILDINGS, FINANCED THROUGH THE ISSURANCE OF BOND INDEBTEDNESS, AND SUBLEASES THE PROPERTIES BACK TO THE PITTSBURG USD THROUGH LEASE AGREEMENTS. THE RENTAL PROCEEDS FROM THE SUBLEASE ARE USED TO PAY PRINCIPAL AND INTEREST ON THE BONDED INDEBTEDNESS.


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Board, Officers & Key Employees

Name (title)Compensation
Taylor Sims
President/ceo
$0
Heliodoro Moreno
Vice President
$0
George Miller
Trustee
$0
De'shawn Woolridge
Trustee
$0
Destiny Briscoe
Trustee
$0
Janet Schulze
Superintendent/secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$669,829
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $669,829

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