Los Angeles County Schools Regionalized Bus Services
- Assets
- $220.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Downey, CA
- Founding
- 11/1998
- Data as of
- 06/2022
- EIN
- 95-4038658
Organization Overview
Los Angeles County Schools Regionalized Bus Services is located in Downey, CA. The organization was established in 1998. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles County Schools Regionalized Bus Services 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 06/2022, Los Angeles County Schools Regionalized Bus Services generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX EXEMPT BOND FINANCING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CORPORATION IS TO ADMINISTER THE ISSUANCE AND REPAYMENT OF BONDS ON BEHALF OF MEMBER PUBLIC SCHOOL DISTRICTS FOR ACQUISITION OF EQUIPMENT AND BUILDINGS CONSTRUCTION AND IMPROVEMENTS. IN 2021, THE CORPORATION GENERATED $6.2 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.5 MILLION STUDENTS THROUGHOUT THE 80 K-12 LA COUNTY SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Julie Boucher President | OfficerTrustee | 1 | $0 |
Dr Anthony Culpepper Vice President | OfficerTrustee | 1 | $0 |
Mr Mark Evans Secretary | OfficerTrustee | 1 | $0 |
Mr Jeff Young Assistant Director | Officer | 1 | $0 |
Mr John Nunez Member | Trustee | 1 | $0 |
Mr Frank Ogaz Member | Trustee | 1 | $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 | $0 |
| Investment income | $6,235,442 |
| 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 | $6,235,442 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,235,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$2,776,497 |
| Total functional expenses | $3,458,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $62,248,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,495,019 |
| Total assets | $220,744,015 |
| Accounts payable and accrued expenses | $13,242,975 |
| Grants payable | $0 |
| Deferred revenue | $44,195,551 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $172,744,520 |
| Total liabilities | $230,183,046 |
| Net assets without donor restrictions | -$9,439,031 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $220,744,015 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charitable Adult Rides & Services Inc San Diego, CA | $11,154,441 | $20,026,941 |
North County Lifeline Inc Oceanside, CA | $5,443,299 | $14,024,616 |
Special Mobility Services Inc Portland, OR | $3,341,343 | $10,894,746 |
Los Angeles County Schools Regionalized Bus Services Downey, CA | $220,744,015 | $6,235,442 |
Easy Lift Transportation Inc Santa Barbara, CA | $2,574,130 | $3,635,826 |
Full Access & Coordinated Transportation Inc Oceanside, CA | $955,245 | $2,215,015 |
Outreach & Escort Inc San Jose, CA | $441,763 | $1,452,065 |
Help Of Ojai Ojai, CA | $3,873,558 | $2,014,212 |
Dial A Bus Inc Corvallis, OR | $761,657 | $1,312,496 |
Move Stanislaus Transportation Modesto, CA | $1,291,467 | $1,309,130 |
Helping Hearts Foundation Sacramento, CA | $89,058 | $1,119,153 |
South Lane Wheels Inc Cottage Grove, OR | $337,062 | $636,384 |