2024-05-15T09:05:33-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E 16TH FLOOR LOS ANGELES CA 90067 990 2022-07-01 954869859 THE WAVERLY SCHOOL WAVE 6267925940 67 WEST BELLEVUE DRIVE PASADENA CA 91105 CLARKE WEATHERSPOON HEAD OF SCHOOL 6267925940 2024-05-14 1 CLARKE WEATHERSPOON 999009999 0 KAREN LO P02141262 3102732501 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLARKE WEATHERSPOON 67 WEST BELLEVUE DRIVE PASADENA CA 91105 14907282 0 X HTTPS://THEWAVERLYSCHOOL.ORG/ X 2009 CA TO EDUCATE CURIOUS, RESOURCEFUL, AND CONFIDENT LEARNERS FROM PRESCHOOL TO TWELFTH GRADE. 16 16 104 20 0 0 1197498 4494528 9914613 10307361 0 26738 106334 34742 11218445 14863369 2475252 2084135 0 0 5957569 6336439 0 0 229764 2289123 2461258 10721944 10881832 496501 3981537 15060172 19783720 12089501 12831512 2970671 6952208 X THE WAVERLY SCHOOL IS A NONSECTARIAN, COEDUCATIONAL, COLLEGE PREPARATORY PROGRESSIVE DAY SCHOOL THAT SPANS PRESCHOOL THROUGH HIGH SCHOOL. IT IS FULLY ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOL AND COLLEGES AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS.THE SCHOOL PROMOTES CONFIDENT, CURIOUS, RESOURCEFUL LEARNERS WHO DEMONSTRATE INTELLECTUAL ENGAGEMENT, CRITICAL AND CREATIVE THINKING, RESPECT FOR INDIVIDUAL DIFFERENCES, AND A STRONG SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY. 0 0 9759696 2084135 10307361 THE WAVERLY SCHOOL IS A NON-PROFIT, EDUCATIONAL INSTITUTION, SERVING CHILDREN FROM PRESCHOOL THROUGH TWELFTH GRADE. THE CURRENT WHOLE SCHOOL ENROLLMENT IS 334 STUDENTS. FAMILIES WHO CHOSE THE WAVERLY SCHOOL COME FROM DIVERSE BACKGROUNDS IN TERMS OF THEIR ETHNICITY, CULTURE,SOCIOECONOMIC STATUS, PROFESSION AND EDUCATIONAL ATTAINMENT LEVEL. 9759696 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 35 0 1 104 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X JULI KHOE 6267925940 67 W BELLEVUE DRIVE PASADENA CA 91105 SERITA YOUNG BOARD CHAIR 2.00 X X 0 0 0 JESSICA CLEMENTS VICE CHAIR 2.00 X X 0 0 0 JOANNE TOLL TREASURER 2.00 X X 0 0 0 WENDY LOPATA SECRETARY 2.00 X X 0 0 0 ANTHONY ALVARADO BOARD MEMBER 2.00 X 0 0 0 LORNE GREEN BOARD MEMBER 2.00 X 0 0 0 ELIZABETH LAWRENCE BOARD MEMBER 2.00 X 0 0 0 DEBBIE LENNON BOARD MEMBER 2.00 X 0 0 0 NOAH MAYER BOARD MEMBER 2.00 X 0 0 0 KESEH MORGAN BOARD MEMBER 2.00 X 0 0 0 VIJAY NATRAJ BOARD MEMBER 2.00 X 0 0 0 SHELBY OTTENGHEIME BOARD MEMBER 2.00 X 0 0 0 MICHAEL PINTO BOARD MEMBER 2.00 X 0 0 0 STEPHEN ROUNTREE BOARD MEMBER 2.00 X 0 0 0 NADINE TANIO BOARD MEMBER 2.00 X 0 0 0 CARL VIOLANO BOARD MEMBER 2.00 X 0 0 0 JOHN HUBER INTERIM HEAD OF SCHOOL THRU 6/15/22 50.00 X 160080 0 14636 CLARKE WEATHERSPOON HEAD OF SCHOOL FROM 7/1/22 50.00 X 153380 0 2000 JULI KHOE DIR. OF FINANCE & OPERATION 40.00 X 130651 0 12199 RALINDA WATTS HIGH SCHOOL DIRECTOR 40.00 X 137225 0 6199 MOLLY GELLER ELEMENTARY SCHOOL DIRECTOR FROM 7/1/22 40.00 X 127353 0 12460 AMY SLOBODA MIDDLE SCHOOL DIRECTOR 40.00 X 125000 0 1262 MARSILLE REED DIRECTOR OF ENROLLMENT 40.00 X 123034 0 5132 JACK ANDERSON AFTERSCHOOL & SUMMER CAMP DIRECTOR 40.00 X 120896 0 12250 1077619 0 66138 9 0 1 0 SAMMY'S JANITORIAL SERVICE 1100 W HUNTINGTON DRIVE 3 ARCADIA CA 91007 JANITORIAL SERVICES 204015 1 30658 4463870 10139 4494528 TUITION 611600 9688995 9688995 OTHER INSTRUCTIONAL PROGRAMS 611710 287895 287895 AFTERSCHOOL PROGRAMS 611710 207316 207316 OTHER FEES 611710 104057 104057 AUXILIARY INCOME 611710 19098 19098 10307361 26738 26738 70414 30658 43913 26501 26501 MISCELLANEOUS 900099 8241 8241 8241 14863369 10307361 0 61480 2084135 2084135 473620 246331 196497 30792 4769353 4506537 142756 120060 147764 138064 5436 4264 534964 499844 19682 15438 410738 373660 25256 11822 79029 76754 2275 46908 46908 251236 233059 12382 5795 15645 14233 962 450 50358 45811 3097 1450 700828 659002 28489 13337 1053 958 65 30 12169 11071 748 350 310111 310111 239363 217755 14719 6889 64555 58728 3969 1858 PROGRAM EXPENSES 597389 597389 PROFESSIONAL DEVELOPMEN 51937 47248 3194 1495 BANK CHARGES AND FEES 12606 11468 775 363 28071 14403 572 13096 10881832 9759696 892372 229764 4385472 330620 6486705 1200 1600 54795 748 78117 86203 14589877 2416784 10522393 12173093 18195 704751 15060172 19783720 452833 590899 3314843 3319291 8321825 8226782 0 694540 12089501 12831512 X 2899471 4188591 71200 2763617 2970671 6952208 15060172 19783720 3981537 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6283270 6283270 7211627 1602910 5608717 590371 443067 147304 424609 290807 133802 80000 80000 0 12173093 LEASE LIABILITIES 694540 694540 X 12779234 -2084135 -2084135 14863369 0 14863369 8797697 0 8797697 2084135 2084135 10881832 PART X, LINE 2: THE SCHOOL IS A NONPROFIT CORPORATION DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXATION UNDER 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. U.S. GAAP PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION 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: TUITION ASSISTANCE -2,084,135. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,084,135. 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 WAVERLY SCHOOL CELEBRATES DIVERSITY AND FOSTERS AN ATMOSPHERE OF MUTUAL RESPECT. THE SCHOOL SEEKS TO REFLECT THE DIVERSE RACIAL, ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS OF OUR COMMUNITY THROUGHOUT ALL THREE SCHOOLS. FAMILIES WHO CHOOSE THE WAVERLY SCHOOL FOR THEIR CHILDREN COME FROM DIVERSE BACKGROUNDS PROFESSIONALLY, ACADEMICALLY, SOCIALLY, ECONOMICALLY, RACIALLY AND ETHNICALLY. THE STUDENT NON-DISCRIMINATORY POLICY IS PUBLISHED IN OUR ADMISSIONS MATERIALS AND ON OUR WEB SITE. JOGATHON 35000 30257 4743 1395 576 742 401 FUNDRAISING (PIZZA) 35264 0 35264 25378 1 10200 10200 480 80464 30257 50207 1875 576 742 25779 28972 21235 1 FLEXIBLE TUITION 114 2084135 FMV DIRECT CREDIT APPLIED TO STUDENT ACCOUNTS PART I, LINE 2: CONSISTENT WITH OUR MISSION, WAVERLY'S COMMUNITY IS SOCIOECONOMICALLY DIVERSE. A FULL THIRD OF OUR STUDENTS RECEIVE TUITION ASSISTANCE. WE ARE COMMITTED TO THESE STUDENTS AND THEIR FAMILIES, WHO ARE A VITAL PART OF OUR COMMUNITY. TUITION ASSISTANCE IS AWARDED ON THE BASIS OF PROVEN NEED AND THE AVAILABILITY OF FUNDS. ADMISSIONS DECISIONS ARE NEED-BLIND. TUITION ASSISTANCE APPLICATIONS ARE DUE NO LATER THAN FEBRUARY 1ST OF EACH YEAR IN ORDER TO BE CONSIDERED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOHN HUBER INTERIM HEAD OF SCHOOL THRU 6/15/22 160080 0 0 0 0 0 10500 0 4136 0 174716 0 0 0 CLARKE WEATHERSPOON HEAD OF SCHOOL FROM 7/1/22 137873 0 0 0 15507 0 0 0 2000 0 155380 0 0 0 PART I, LINE 1A DURING 2022, CLARKE WEATHERSPOON, THE HEAD OF SCHOOL, RECEIVED $6,000 HOUSING AND $9,507 MOVING ALLOWANCE. 149326 TUITION ASSISTANCE TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE EXERCISES ALL OF THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 4 THE BELOW CHANGES WERE MADE IN BY-LAWS: - INCREASE THE QUORUM REQUIREMENT FROM 1/3 TO THE MAJORITY OF TRUSTEES; - REMOVE THE TRUSTEE EX OFFICIO ROLES AND THE ROLE AS ADVISOR. THE HEAD OF SCHOOL WILL STILL BE PERMITTED TO ATTEND THE MEETINGS AT THE DISCRETION OF THE CHAIR, BUT WILL BE NON-VOTING; - INCREASE POTENTIAL NUMBER OF AT-LARGE MEMBERS OF THE EXECUTIVE COMMITTEE FROM TWO TO FIVE; - CREATE A SEPARATE ARTICLE FOR THE ROLE OF THE HEAD OF SCHOOL DESCRIBING HOW THE ROLE COORDINATES WITH THE BOARD; - EXPAND THE ARTICLES ON INDEMNIFICATION AND THE ARTICLE ON THE CONFLICT OF INTEREST POLICY TO ALIGHN WITH CURRENT BEST PRACTICIES; -ADD THE ARTICLE ON THE DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S TREASURER IS RESPONSIBLE FOR REVIEWING THE DRAFT INFORMATION RETURNS WITH THE HEAD OF SCHOOL AND THE PREPARER PRIOR TO FILING. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE FILING. THE FINANCE COMMITTEE REVIEWS THE RETURN IN DETAIL AT ITS NEXT REGULARLY SCHEDULED MEETING, EITHER BEFORE OR AFTER FILING. THE HEAD OF SCHOOL SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THIS CONFLICTS OF INTEREST POLICY SHALL BE REVIEWED BY, AND A CONFLICTS OF INTEREST DISCLOSURE STATEMENT COMPLETED BY, EVERY TRUSTEE AND OFFICER ON AN ANNUAL BASIS. EACH COMPLETED DISCLOSURE STATEMENT SHALL THEN BE REVIEWED ANNUALLY BY THE BOARD. THE BOARD SHALL DETERMINE, IF ANY CONFLICT OF INTEREST THAT HAS BEEN DISCLOSED, EITHER IN THE CONFLICTS OF INTEREST DISCLOSURE STATEMENT OR AT ANY OTHER TIME PURSUANT TO THE CONFLICTS OF INTEREST POLICY, REQUIRES FURTHER BOARD ACTION BEYOND MERE DISCLOSURE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S (CHIEF EXECUTIVE) COMPENSATION WAS DETERMINED BY A REVIEW OF THE BOARD'S COMPENSATION COMMITTEE. THE MEMBERS OF THE COMMITTEE WERE FREE OF CONFLICTS OF INTEREST AND MET THE IRC REQUIREMENTS. THE HEAD OF SCHOOL WAS NOT A MEMBER OF THE COMMITTEE AND WAS NOT PRESENT FOR ANY OF THE COMMITTEE DISCUSSIONS. THE REVIEW WAS DONE USING COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. THIS DATA WAS COMPRISED OF COMPENSATION INFORMATION OBTAINED VIA REVIEW OF PUBLICLY AVAILABLE DOCUMENTS FOR HEADS OF SCHOOL FOR NON-PROFIT SCHOOLS IN THE SAN GABRIEL VALLEY AND ADJACENT LOCATIONS IN THE SAN FERNANDO VALLEY. THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN AN EXECUTIVE SESSION WHICH EXCLUDED THE HEAD OF SCHOOL. THE HEAD OF SCHOOL WAS NOT PRESENT FOR DELIBERATIONS OR FOR THE VOTE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION WAS MAINTAINED AS PART OF THE BOARD'S MINUTES OF ITS EXECUTIVE SESSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENT IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE SCHOOL DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.