GUAM EDUCATION FINANCING FOUNDATION II INC

Address
338 ARCHBISHOP FLORES ST PDN 1008
HAGATNA, GU 96910
Contact
Phone: +1 (404) 504-2773
Nonprofit
EIN: 66-0759771
Year formed: 2013

Mission

OPERATE BY HOLDING TITLE TO SCHOOLS TO BE CONSTRUCTED FOR THE BENEFIT OF AND LEASED TO THE GOVERNMENT OF GUAM.
 201620152013
Basic features of the organization
Year of formation2013
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$4,000.00$4,000.00 
Sum of reportable (W2/1099) compensation$0.00$4,000.00$0.00
Number of employees000
Number of people compensated >$100k000
Number of volunteers000
Number of highly compensated contractors001
Personnel
Alvarez, Michael
TitleSECRETARYSECRETARYSECRETARY
Name of key/compensated personMICHAEL J ALVAREZMICHAEL J ALVAREZMICHAEL J ALVAREZ
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org5.005.0015.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs3.001.0015.00
Flores, Phil
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personPHIL FLORESPHIL FLORESPHIL FLORES
Position of compensated person
Average hours per week working for org1.001.005.00
Reportable compensation from org$0.00$1,000.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$29,250.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$1,000.00
Average hours per week working for related orgs3.001.005.00
Hand, John
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personJOHN R HANDJOHN R HANDJOHN R HAND
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org5.005.0015.00
Reportable compensation from org$0.00$1,000.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$29,250.00$39,800.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$1,000.00
Average hours per week working for related orgs15.0015.0015.00
Inman, Richard
TitleTREASURERTREASURERTREASURER
Name of key/compensated personRICHARD B INMAN JRRICHARD B INMAN JRRICHARD B INMAN JR
Position of compensated person
Current officerTrueTrueTrue
Average hours per week working for org5.005.0015.00
Reportable compensation from org$0.00$1,000.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$29,250.00$38,200.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$1,000.00
Average hours per week working for related orgs15.0015.0015.00
Wilson, James
TitleVICE PRESIDENTVICE PRESIDENT 
Name of key/compensated personJAMES R WILSONJAMES R WILSON 
Position of compensated person
Current officerTrueTrue 
Average hours per week working for org5.005.00 
Reportable compensation from org$0.00$1,000.00 
Other comp, non-reportable, from org and related orgs$0.00$29,250.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Average hours per week working for related orgs15.0015.00 
Wislon, James
Title  VICE PRESIDENT
Name of key/compensated person  JAMES R WISLON
Position of compensated person
Current officer  True
Average hours per week working for org  15.00
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $39,000.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $1,000.00
Average hours per week working for related orgs  15.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO CONSTRUCT AND HOLD TITLE TO SCHOOLS FOR THE BENEFIT OF THE GOVERNMENT OF GUAM.TO CONSTRUCT AND HOLD TITLE TO SCHOOLS FOR THE BENEFIT OF THE GOVERNMENT OF GUAM.TO CONSTRUCT AND HOLD TITLE TO SCHOOLS FOR THE BENEFIT OF THE GOVERNMENT OF GUAM.
Program service expenses, total$2,852,893.00$2,176,416.00$1,135,829.00
Programs, including revenue & expenses
TO EXPAND AND LEASE OKKODO HIGH SCHOOL.
Program expenses  $1,135,829.00
Program revenue  $2,269,240.00
Program description  TO EXPAND AND LEASE OKKODO HIGH SCHOOL.
TO LEASE AND MAINTAIN EXPANSION OF OKKODO HIGH SCHOOL.
Program expenses$2,852,893.00$2,176,416.00 
Program revenue$3,900,000.00$2,900,000.00 
Program descriptionTO LEASE AND MAINTAIN EXPANSION OF OKKODO HIGH SCHOOL.TO LEASE AND MAINTAIN EXPANSION OF OKKODO HIGH SCHOOL. 
Financial data
Revenue
Total revenue$3,900,090.00$2,900,043.00$2,269,240.00
Investment income, current yr$90.00$43.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Program service revenue (total)$3,900,000.00$2,900,000.00$2,269,240.00
Gross receipts$3,900,090.00$2,900,043.00$2,269,240.00
Other types of revenue
Income from dividends, interest, and similar investments$90.00$43.00 
Expense categories (totals)
Total functional expenses: sum of all$2,879,040.00$2,203,541.00$1,139,829.00
Total functional expenses: program service $2,852,893.00$2,176,416.00$1,135,829.00
Total functional expenses: management and general$26,147.00$27,125.00$4,000.00
Total functional expenses: fundraising$0.00$0.00$0.00
Fees for services
Legal fees (total)  $4,000.00
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$23,503,031.00$25,632,343.00$25,561,965.00
Total assets, beginning of year$25,632,343.00$26,245,104.00 
Total liabilities$21,988,152.00$25,138,514.00$24,432,554.00
Total liabilities, beginning of year$25,138,514.00$26,447,777.00 
Net assets$1,514,879.00$493,829.00$1,129,411.00
Net assets, beginning of year$493,829.00-$202,673.00 
Other liabilities$154,211.00$155,711.00$1,614,554.00
Bond liabilities$19,193,000.00$21,703,000.00$22,818,000.00
Intangible assets$573,074.00$899,623.00$979,662.00
Other assets$3,825,219.00$4,307,957.00$24,582,303.00
Cash: non-interest bearing$176,471.00$169,000.00 
Cash: non-interest bearing, beginning of year$169,000.00$153,946.00 
Other financial variables
Revenue less expenses$1,021,050.00$696,502.00$1,129,411.00
Prepaid expenses & deferred charges $0.00 
Accounts payable & accrued expenses$356,248.00$379,803.00 
Deferred revenue$2,284,693.00$2,900,000.00 
Total net assets or fund balances$1,514,879.00$493,829.00$1,129,411.00
Depreciation, depletion, amortization$1,327,496.00$1,317,832.00 
Governance and accountability
Number of voting members344
Number of independent voting members111
Financial sheets auditedTrueTrue 
Relationships among key personnelTrueTrueTrue
Accrual accountingTrueTrueTrue
Tax year start date2015-10-012014-10-012013-01-01
Tax year end date2016-09-012015-09-012013-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990
Reason for form submission
Address change  True
First filing  True
Date e-filing submitted2017-10-172016-10-192014-12-09
IRS schema version2015v3.02014v6.02013v3.0
Filing identifier201702219349300920201602289349300625201433289349300023
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