2024-05-15T15:29:22-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-07-01 954741072 THE WESLEY SCHOOL WESL 8185084542 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 JULIE GALLES BOARD CHAIRMAN 8185084542 2024-05-15 1 JULIE GALLES 999009999 0 LISA N RYSSEL CPA P00643670 7149781300 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID MONAHAN 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 14236389 0 X HTTP://WWW.WESLEYSCHOOL.ORG/ X 1999 CA TO PROMOTE ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT IN A SUPPORTIVE, NURTURING ENVIRONMENT. 18 18 117 180 0 0 562291 560672 10943873 10950049 24255 58509 57242 29490 11587661 11598720 2017754 1527961 0 0 6869596 7293198 0 0 367543 2670466 3208602 11557816 12029761 29845 -431041 11878823 22281477 7698270 18447365 4180553 3834112 X THE WESLEY SCHOOL BUILDS CONFIDENCE AND ENCOURAGES INDEPENDENCE THROUGH A CHALLENGING ACADEMIC PROGRAM THAT STRETCHES EACH STUDENT TO REACH THE HIGHEST LEVEL OF INDIVIDUAL ACHIEVEMENT WITHIN A SUPPORTIVE, NURTURING ENVIRONMENT. WESLEY CULTIVATES IN STUDENTS STRONG CREATIVE, PHYSICAL, AND SPIRITUAL FOUNDATIONS TO PREPARE THEM TO BE PRODUCTIVE AND RESPECTFUL CONTRIBUTORS TO A GLOBAL SOCIETY. 0 0 9797339 1527961 10950049 THE WESLEY SCHOOL SEEKS TO INSTILL IN ITS STUDENTS A STRONG INTELLECTUAL, PHYSICAL AND SPIRITUAL FOUNDATION. THE SCHOOL CULTIVATES INDIVIDUAL GROWTH AND CREATIVITY, AS WELL AS A SENSE OF SOCIAL RESPONSIBILITY. THE WESLEY SCHOOL CELEBRATES COMMUNITY SPIRIT AND RELIES ON PARENT SUPPORT AND INVOLVEMENT TO SUCCESSFULLY ACHIEVE ITS MISSION. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, 316 STUDENTS WERE ENROLLED IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE AND 78 STUDENTS RECEIVED FINANCIAL AID. 9797339 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 117 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X GEORGIANN HUFF 8185084542 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 DAVID MONAHAN CHAIR 1.00 X X 0 0 0 PAOLO VELASCO VICE CHEAR 1.00 X X 0 0 0 MIKE NATIVIDAD TREASURER 1.00 X X 0 0 0 BRENDON BLINCOE SECRETARY 1.00 X X 0 0 0 ALAN WALMAN TRUSTEE 1.00 X 0 0 0 CHERYL TING TRUSTEE 1.00 X 0 0 0 DALE PINNOCK TRUSTEE 1.00 X 0 0 0 EDDIE O'FLAHERTY TRUSTEE 1.00 X 0 0 0 GARY KIRKPATRICK TRUSTEE 1.00 X 0 0 0 JACKIE LAY TRUSTEE 1.00 X 0 0 0 JANETT HERMOSILLO MEYER TRUSTEE 1.00 X 0 0 0 JASON FRIEDMAN TRUSTEE 1.00 X 0 0 0 JENNY HOLLIER TRUSTEE 1.00 X 0 0 0 LISA LANGE TRUSTEE 1.00 X 0 0 0 MARISSA SEEMAN TRUSTEE 1.00 X 0 0 0 MELANIE ELLIOTT TRUSTEE 1.00 X 0 0 0 NORMAN KELSEY TRUSTEE 1.00 X 0 0 0 THORDIS HOWARD TRUSTEE 1.00 X 0 0 0 JULIE GALLES HEAD OF SCHOOL 40.00 X 288529 0 23611 GEORGIANN HUFF DIRECTOR OF FINANCE 40.00 X 171685 0 22758 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 40.00 X 179895 0 24128 TAMMYLYNN RODRIGUEZ DIRECTOR OF DEVELOPMENT 40.00 X 135845 0 6732 MOHSEN BAHARVAND FACULTY 40.00 X 118247 0 20151 GEORGE ELEFTHERIADES FACULTY 40.00 X 124355 0 12860 JOEY CAMPANELLA ASSOCIATE HEAD OF SCHOOL 40.00 X 110449 0 9785 1129005 0 120025 9 0 1 0 0 25290 535382 11944 560672 TUITION AND FEES 611600 10425323 10425323 AUXILIARY PROGRAMS 611600 486551 486551 INSTRUCTIONAL PROGRAMS 611600 38175 38175 10950049 24214 24214 2544948 2510653 34295 34295 34295 144820 25290 127016 17804 17804 OTHER REVENUE 900099 11686 11686 11686 11598720 10950049 0 87999 1527961 1527961 538941 208141 314075 16725 5426888 4465046 761929 199913 211295 175997 27489 7809 685540 550755 109405 25380 430534 338769 76092 15673 27965 27965 33773 33773 3262 3262 48519 30706 16995 818 33491 33491 86249 65710 18542 1997 132742 109538 21489 1715 762711 629388 123468 9855 98077 77173 17334 3570 307459 253714 49772 3973 238021 187289 42067 8665 INSTUCTIONAL EXPENSES 587343 587343 SECURITY 337404 278425 54619 4360 OTHER AUXILIARY EXPENSE 139049 139049 0 0 REPAIRS AND MAINTENANCE 133706 110334 21644 1728 238831 62001 111468 65362 12029761 9797339 1864879 367543 3885473 3368352 1455633 739399 70411 58740 7583 22195 111506 146526 9303974 3098087 5069096 6205887 1210159 1397811 68962 10342567 11878823 22281477 377304 327101 4489312 4725308 2831654 13394956 7698270 18447365 X 3934393 3547742 246160 286370 4180553 3834112 11878823 22281477 -431041 84600 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X SCHOLARLY USE 0 1279289 1500 139847 1420636 1433410 1000 -155121 1279289 1144384 1000 288026 1433410 537426 563370 43588 1144384 1038257 5000 56717 560000 2548 537426 0.86470 0.09150 0.04380 0 0 830426 830426 3959630 532912 3426718 3631267 1781552 1849715 633341 567385 65956 249310 216238 33072 6205887 FINANCING RIGHT-OF-USE ASSETS 10212157 OPERATING RIGHT-OF-USE ASSETS 111410 ART WORK 19000 10342567 OPERATING LEASE LIABILITY 13281834 FINANCING LEASE LIABILITY 113122 13394956 X 10152097 84600 -1527961 -1443361 11595458 3262 3262 11598720 10498538 0 10498538 3262 1527961 1531223 12029761 PART III, LINE 4: THE SCHOOL HAS A PAINTING DISPLAYED IN ITS LOBBY AND IT IS AVAILABLE FOR SCHOLARLY USE. PART V, LINE 4: APPROPRIATION OF ENDOWMENT ASSETS FOR EXPENDITURE WILL BE USED FOR OPERATIONS, INFRASTRUCTURE REDEVELOPMENT, AND OTHER CAPITAL PROJECTS FOR THE BENEFIT OF THE SCHOOL AND THE PROGRAMS THE SCHOOL SUPPORTS. PART X, LINE 2: THE SCHOOL IS A NONPROFIT, TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME AND STATE FRANCHISE TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE AND SIMILAR PROVISIONS OF THE CALIFORNIA FRANCHISE TAX CODE. THE SCHOOL DOES NOT ENGAGE IN ANY SIGNIFICANT UNRELATED TRADES OR BUSINESSES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,527,961. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,527,961. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY WAS PUBLISHED IN THE CAL-ISBOA MEMBERSHIP PUBLICATION AND POSTED ON SCHOOL'S WEBSITE. BLOCK PARTY 68608 25290 43318 50815 HOLIDAY BOUTIQUE 40551 40551 23074 3 55422 55422 24336 164581 25290 139291 98225 98225 41066 1 FINANCIAL AID 78 1527961 N/A N/A PART I, LINE 2: THE WESLEY SCHOOL HAS ALWAYS PLACED A VERY HIGH PRIORITY ON BEING A PLACE WHERE AN INDEPENDENT SCHOOL EDUCATION SHOULD BE AVAILABLE TO AS MANY YOUNG PEOPLE AS POSSIBLE, REGARDLESS OF FINANCIAL SITUATION. IN ORDER FOR US TO ALLOCATE OUR RESOURCES WISELY AND FAIRLY, WE HAVE ENLISTED THE HELP OF ISM, INDEPENDENT SCHOOL MANAGEMENT, AND THEIR FAST (FINANCIAL AID FOR SCHOOL TUITION) PROGRAM. ISM'S FAST DOES NOT DECIDE WHETHER FINANCIAL ASSISTANCE WILL BE GIVEN OR HOW MUCH TO GIVE; RATHER FAST PROVIDES A NEED-BASED FINANCIAL AID ANALYSIS SERVICE. FAST PROVIDES THE SCHOOL WITH A REPORT, WHICH INCLUDES A RECOMMENDATION OF WHAT A FAMILY SHOULD REASONABLY CONTRIBUTE TOWARD TUITION. IN REVIEWING EACH APPLICATION FOR AID, THE FINANCIAL AID COMMITTEE CONSIDERS BOTH THE FAST RECOMMENDATION AND ALL OTHER ADDITIONAL INFORMATION PROVIDED BY EACH FAMILY, INCLUDING A FAMILY'S ADDITIONAL DEPENDENTS, THEIR DEBTS, EXPENSES, AND PRIORITY OF SPENDING, AS WELL AS ALL SOURCES OF INCOME. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 JULIE GALLES HEAD OF SCHOOL 288529 0 0 0 0 0 15000 0 8611 0 312140 0 0 0 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 179895 0 0 0 0 0 9017 0 15111 0 204023 0 0 0 GEORGIANN HUFF DIRECTOR OF FINANCE 171685 0 0 0 0 0 8700 0 14058 0 194443 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL DISCRETIONARY ACCOUNT IS AN APPROVED BUDGET LINE ITEM TO ALLOW THE HEAD OF SCHOOL TO DO SUCH THINGS AS MEALS WITH PEOPLE, GIFTS, ETC THAT ULTIMATELY BENEFIT THE SCHOOL AND HIS/HER PRESENCE BOTH INSIDE & OUTSIDE OF THE IMMEDIATE SCHOOL COMMUNITY. HIS/HER CREDIT CARD EXPENDITURES ARE REVIEWED AND SIGNED OFF BY THE FINANCE CHAIR OF THE BOARD ON A SEMI-MONTHLY BASIS. 24000 FINANCIAL AID FINANCIAL ASSISTANCE 14765 FINANCIAL AID FINANCIAL ASSISTANCE 20000 FINANCIAL AID FINANCIAL ASSISTANCE 32600 FINANCIAL AID FINANCIAL ASSISTANCE 16000 FINANCIAL AID FINANCIAL ASSISTANCE 15000 FINANCIAL AID FINANCIAL ASSISTANCE FORM 990, PART VI, SECTION A, LINE 1A MEMBERS OF THE COMMITTEE ON TRUSTEES AND THE EXECUTIVE COMMITTEE SHALL BE CHOSEN FROM AMONG THE TRUSTEES AND THEIR MEMBERSHIP ON ANY OF SAID COMMITTEES SHALL TERMINATE IF THEY CEASE TO BE A TRUSTEE. THE CHAIR OF THE BOARD AND THE HEAD OF SCHOOL SHALL EACH BE AN EX-OFFICIO MEMBER OF ALL COMMITTEES, WITHOUT VOTE, EXCEPT THAT THE CHAIR OF THE BOARD SHALL BE ENTITLED TO VOTE AS A MEMBER OF THE EXECUTIVE COMMITTEE AND THE COMMITTEE ON TRUSTEES. ALL STANDING COMMITTEES SHALL FROM TIME TO TIME REPORT THEIR ACTIVITIES TO THE BOARD ON MATTERS REFERRED TO THEM OR FALLING WITHIN THEIR RESPECTIVE FIELDS OF INTEREST AS SET FORTH HEREIN. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE CHAIR, VICE CHAIR, TREASURER AND SECRETARY OF THE BOARD AND SHALL EXERCISE SUCH POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, EXCEPT THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS OR TAKING ANY OTHER ACTION WHICH HAS BEEN SPECIFICALLY RESERVED TO THE BOARD OF TRUSTEES, AS MAY BE DELEGATED TO IT BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN SENT TO THE BOARD OF TRUSTEES FOR ANY COMMENTS OR QUESTIONS PRIOR TO FINALIZATION OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C SELF-DEALING BY TRUSTEES HAVING A MATERIAL FINANCIAL INTEREST IN AN ITEM BEFORE THE BOARD IS STRICTLY PROHIBITED. EVERY TRUSTEE OF THE BOARD SHALL DISCLOSE TO THE BOARD ANY RELATIONSHIP WHICH HE OR SHE MAY HAVE WITH ANY PERSON, CORPORATION OR OTHER ENTITY WITH WHOM THIS CORPORATION PROPOSES TO ENTER INTO ANY CONTRACT OR OTHER TRANSACTION AND WHICH WILL OR MAY RESULT IN FINANCIAL GAIN OR ADVANTAGE TO SUCH TRUSTEE BY REASON OF SUCH RELATIONSHIP. IF A TRUSTEE SHALL FAIL TO MAKE SUCH DISCLOSURE BEFORE THE CORPORATION ENTERS INTO SUCH CONTRACT OR TRANSACTION, THE BOARD MAY REQUEST HIS OR HER RESIGNATION AND SAID TRUSTEE SHALL BE LIABLE TO THE CORPORATION FOR SUCH FINANCIAL GAIN AND OTHER DAMAGES. THE BOARD MAY AUTHORIZE THE CORPORATION TO ENTER INTO A TRANSACTION BETWEEN THE CORPORATION AND A TRUSTEE OR AN ENTITY IN WHICH THE TRUSTEE HAS A MATERIAL FINANCIAL INTEREST PROVIDED (I) THE TRUSTEE WITH THE INTEREST REVEALS HIS OR HER INTEREST TO THE BOARD AND DOES NOT VOTE ON THE TRANSACTION, (II) THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION, (III) THE BOARD DETERMINES IN GOOD FAITH AFTER REASONABLE INVESTIGATION THAT THE CORPORATION COULD NOT REASONABLY HAVE OBTAINED TERMS AND CONDITIONS FOR SUCH TRANSACTION WHICH ARE MATERIALLY BETTER FROM DISINTERESTED PARTIES OR SOURCES, AND (IV) THE CORPORATION ENTERED INTO THE TRANSACTION FOR ITS OWN. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD, WITH ADVISEMENT OF A LAWYER, REVIEWS ALL DOCUMENTS, INCLUDING COMPARABLE SALARIES OF SCHOOLS WITHIN THE LOS ANGELES AREA. BASED ON THIS INFORMATION, A FAIR COMPENSATION IS DETERMINED FOR THE HEAD OF SCHOOL. THIS COMMITTEE PERFORMS THESE DUTIES FOR THE ORGANIZATION'S HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.