Charter School Capital Access Program Llc
- Assets
- $5.5m
- Revenue
- $230.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- Data as of
- 12/2015
- EIN
- 13-4214997
Organization Overview
Charter School Capital Access Program Llc is located in Arlington, VA. Charter School Capital Access Program Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARTER SCHOOL CAPITAL ACCESS PROGRAM, LLC (ALSO KNOWN AS CCAP, LLC) WAS FORMED TO COMBINE THE EXPERTISE OF TWO ORGANIZATIONS, CAPITAL IMPACT PARTNERS ("CIP") AND THE REINVESTMENT FUND ("TRF"), IN ORDER TO PROVIDE ACCESS TO FINANCING FOR CHARTER SCHOOLS IN THE MID-ATLANTIC REGION. CCAP, LLC IS A VEHICLE THAT ALLOWS CIP AND TRF TO LEVERAGE THEIR GEOGRAPHIC LOCATIONS AND MAXIMIZES LENDING IN AREAS NEITHER WOULD OTHERWISE HAVE ACCESS TO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOAN AND FINANCING PROGRAM:MANAGEMENT OF A LOAN POOL THAT PROVIDES FINANCING TO CHARTER SCHOOLS FOR THE PURPOSES OF FUNDING NEW CONSTRUCTION, BUILDING ACQUISITIONS, RENOVATION COSTS AND LEASEHOLD IMPROVEMENTS. THE MAJORITY OF THE STUDENTS ENROLLED AT THE CHARTER SCHOOLS SEEKING CCAP LOANS SHOULD QUALIFY FOR FREE OR REDUCED PRICE LUNCHES PER TITLE I GUIDELINES, AND/OR THE FACILITY TO BE FINANCED SHOULD BE LOCATED IN A LOW-INCOME AREA, DETERMINED BY ZIP CODE. ONE OF CCAP'S GOALS IS THAT AT LEAST 80% OF ITS BORROWERS WILL QUALIFY AS LOW INCOME. THIS IS ACCORDING TO THE UNDERWRITING GUIDELINES ADOPTED BY CCAP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Simonette Manager | Trustee | 1 | $0 |
Carolyn Bauer Manager | Trustee | 1 | $0 |
Donald Hinkle-Brown Manager | Trustee | 1 | $0 |
Michael Mcrist Manager | 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 | $227,281 |
| Investment income | $2,684 |
| 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 | $229,965 |
| 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 | $24,176 |
| 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 | $114,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $169,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,603,345 |
| 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 | $2,748,817 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,999 |
| Total assets | $5,464,161 |
| Accounts payable and accrued expenses | $2,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,681,130 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,980 |
| Total liabilities | $2,740,029 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,724,132 |