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PALM VALLEY SCHOOL: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
PALM VALLEY SCHOOL (EIN 95-2133079)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-04-19
IRS object ID
202341099349301704
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-04-19T16:07:53-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COACHELLA VALLEY ACCOUNTING & AUDITINGBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line143675 ALBA CTAddressLine1Txt
CityLA QUINTACityNm
State AbbreviationCAStateAbbreviationCd
ZIP92253ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN952133079EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PALM VALLEY SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPALMBusinessNameControlTxt
Phone7603280861PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135525 DA VALL DRAddressLine1Txt
CityRANCHO MIRAGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP922701822ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR STEVEN SHERMANPersonNm
Person TitleHEAD OF SCHOOL - CEOPersonTitleTxt
Phone7603280861PhoneNum
Signature2023-04-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDR STEVENPersonFirstNm
Person LastSHERMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANDREA L OLIVERIPreparerPersonNm
PTINP01890398PTIN
Phone4423250089PhoneNum
Preparation2023-04-19PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR STEVEN SHERMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line135525 DA VALL DRAddressLine1Txt
CityRANCHO MIRAGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92270ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,226,219GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PVS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionPALM VALLEY SCHOOL IS AN EXCEPTIONAL LEARNING COMMUNITY THAT EDUCATES, NURTURES, AND CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE AND CONTRIBUTE TO OUR GLOBAL SECURITY.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee77TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,664,924PYContributionsGrantsAmt
CY Contributions Grants$179,111CYContributionsGrantsAmt
PY Program Service Revenue$5,064,545PYProgramServiceRevenueAmt
CY Program Service Revenue$5,761,873CYProgramServiceRevenueAmt
PY Investment Income$1,763PYInvestmentIncomeAmt
CY Investment Income$862CYInvestmentIncomeAmt
PY Other Revenue$835,937PYOtherRevenueAmt
CY Other Revenue$226,328CYOtherRevenueAmt
PY Total Revenue$7,567,169PYTotalRevenueAmt
CY Total Revenue$6,168,174CYTotalRevenueAmt
PY Grants And Similar Paid$796,621PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$733,536CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,528,807PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,707,765CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$37,078CYTotalFundraisingExpenseAmt
PY Other Expenses$2,160,893PYOtherExpensesAmt
CY Other Expenses$2,537,894CYOtherExpensesAmt
PY Total Expenses$6,486,321PYTotalExpensesAmt
CY Total Expenses$6,979,195CYTotalExpensesAmt
PY Revenues Less Expenses$1,080,848PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$811,021CYRevenuesLessExpensesAmt
Total Assets BOY$15,811,228TotalAssetsBOYAmt
Total Assets EOY$14,833,118TotalAssetsEOYAmt
Total Liabilities BOY$7,999,529TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,254,619TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,811,699NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,578,499NetAssetsOrFundBalancesEOYAmt
MissionPALM VALLEY SCHOOL IS AN EXCEPTIONAL LEARNING COMMUNITY THAT EDUCATES, NURTURES, AND CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE AND CONTRIBUTE TO OUR GLOBAL SOCIETY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,419,094ExpenseAmt
Grant$733,536GrantAmt
DescEDUCATIONAL PROGRAMS BENEFITTING PRIMARY AND SECONDARY GRADE LEVEL STUDENTS OF ANY RACE, CREED, OR COLOR.Desc
Total Program Service Expenses$5,419,094TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee77EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDAVID WOLFEPersonNm
Phone7603280861PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line135525 DA VALL DRAddressLine1Txt
CityRANCHO MIRAGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92270ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DR STEVEN SHERMAN
HEAD OF SCHO40.00Yes (X)$247,562$0$66,050
KEVIN DICKERSON
FORMER - CFO40.00Yes (X)$85,276$0$12,258
DAVID WOLFE
NEW - CFO0.00Yes (X)$0$0$0
STONE JAMES
CHAIR5.00Yes (X)$0$0$0Yes (X)
SARAH DUNN
VICE-CHAIR5.00Yes (X)$0$0$0Yes (X)
BRIANNA JORDAN
TREASURER5.00Yes (X)$0$0$0Yes (X)
ROGER SNOBLE
SECRETARY5.00Yes (X)$0$0$0Yes (X)
NATHAN OTTO
DIRECTOR5.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$332,838TotalReportableCompFromOrgAmt
Total Other Compensation$78,308TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$179,111AllOtherContributionsAmt
Total Contributions$179,111TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES$5,610,882$5,610,882
AUXILIARY SERVICES$96,735$96,735
TUITION INTEREST INCOME$54,256$54,256
FieldValueIRS element (for citing)
Total Program Service Revenue$5,761,873TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$862TotalRevenueColumnAmt
Exclusion$862ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$144,933FundraisingGrossIncomeAmt
Fundraising Direct Expenses$58,045FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$86,888TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYEE RETENTION CREDIT611710$131,323$131,323
MISCELLANEOUS INCOME611710$8,117$8,117
FieldValueIRS element (for citing)
Other Revenue Total$139,440OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,168,174TotalRevenueColumnAmt
Related Or Exempt Func Income$5,901,313RelatedOrExemptFuncIncomeAmt
Exclusion$862ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$733,536TotalAmt
Program Services$733,536ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$360,173TotalAmt
Program Services$360,173ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,908,339TotalAmt
Program Services$2,091,211ProgramServicesAmt
Management And General$784,442ManagementAndGeneralAmt
Fundraising$32,686FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$195,326TotalAmt
Program Services$146,495ProgramServicesAmt
Management And General$46,878ManagementAndGeneralAmt
Fundraising$1,953FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$243,927TotalAmt
Program Services$182,945ProgramServicesAmt
Management And General$58,543ManagementAndGeneralAmt
Fundraising$2,439FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,824TotalAmt
Management And General$13,824ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$26,386TotalAmt
Management And General$26,386ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$80,780TotalAmt
Program Services$60,585ProgramServicesAmt
Management And General$20,195ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$39,142TotalAmt
Program Services$29,357ProgramServicesAmt
Management And General$9,785ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$281,914TotalAmt
Program Services$211,435ProgramServicesAmt
Management And General$70,479ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$273,675TotalAmt
Program Services$205,257ProgramServicesAmt
Management And General$68,418ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$763,218TotalAmt
Program Services$572,413ProgramServicesAmt
Management And General$190,805ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$203,899TotalAmt
Program Services$183,508ProgramServicesAmt
Management And General$20,391ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
OVERHEAD$281,978$140,989$140,989
BOOKS & INSTRUCTIONAL MAT$121,896$121,896
REPAIRS & MAINTENANCE$102,545$76,909$25,636
AGENCY EXPENSE$96,965$96,965

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$251,672TotalAmt
Program Services$205,420ProgramServicesAmt
Management And General$46,252ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,979,195TotalAmt
Program Services$5,419,094ProgramServicesAmt
Management And General$1,523,023ManagementAndGeneralAmt
Fundraising$37,078FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,919,114BOYAmt
EOY$2,303,178EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$640,034BOYAmt
EOY$420,027EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$8,261BOYAmt
EOY$77,690EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$25,549,803LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$13,989,156LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$12,243,819BOYAmt
EOY$11,560,647EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$471,576EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,811,228BOYAmt
EOY$14,833,118EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$243,455BOYAmt
EOY$305,656EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,709,267BOYAmt
EOY$2,004,368EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,936,368BOYAmt
EOY$5,799,879EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$110,439BOYAmt
EOY$144,716EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,999,529BOYAmt
EOY$8,254,619EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,811,699BOYAmt
EOY$6,419,012EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$159,487EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,811,699BOYAmt
EOY$6,578,499EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,811,228BOYAmt
EOY$14,833,118EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$811,021ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$374,317PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$47,862OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteefalseAuditCommitteeInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$168,031BeginningYearBalanceAmt
Contributions$161ContributionsAmt
End Year Balance$168,192EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$138,758BeginningYearBalanceAmt
Contributions$29,273ContributionsAmt
End Year Balance$168,031EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$588,687BeginningYearBalanceAmt
Other Expenditures$449,929OtherExpendituresAmt
End Year Balance$138,758EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$588,687BeginningYearBalanceAmt
End Year Balance$588,687EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$586,860BeginningYearBalanceAmt
Investment Earnings Or Losses$26,892InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,065GrantsOrScholarshipsAmt
End Year Balance$588,687EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.37000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.58000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.05000TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,281,463OtherCostOrOtherBasisAmt
Book Value$1,281,463BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$68,200OtherCostOrOtherBasisAmt
Depreciation$3,366DepreciationAmt
Book Value$64,834BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$11,847OtherCostOrOtherBasisAmt
Depreciation$1,160DepreciationAmt
Book Value$10,687BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,188,293OtherCostOrOtherBasisAmt
Depreciation$13,984,630DepreciationAmt
Book Value$10,203,663BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,560,647TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCURRENT PORTION ON L/T NOTEDesc
Amt$144,716Amt
FieldValueIRS element (for citing)
Total Liability$144,716TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,492,683TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$675,491OtherRevenueAmt
Revenue Not Reported-$675,491RevenueNotReportedAmt
Revenue Subtotal$6,168,174RevenueSubtotalAmt
Total Revenue Per Form990$6,168,174TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,303,704TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$675,491OtherExpensesIncludedAmt
Expenses Not Reported-$675,491ExpensesNotReportedAmt
Expenses Subtotal$6,979,195ExpensesSubtotalAmt
Total Expenses Per Form990$6,979,195TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4THE SCHOOL'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE ENDOWMENT INVESTMENT FUNDS WERE LIQUIDATED DURING THE YEAR ENDED JUNE 30, 2021 AND ARE NOW HELD IN THE SCHOOL'S CASH ACCOUNTS.
SCHEDULE D, PAGE 3, PART XTHE SCHOOL IS A NOT-FOR-PROFIT ORGANZATION EXEMPT FROM TAXES UNDER SECTION 501(S)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS NOT ENGAGED IN ANY ACTIVITIES SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL'S POLICY IS TO RECORD INCOME TAX RELATED INTEREST AND PENALTIES IN OPERATING EXPENSES. FOR THE YEAR ENDED JUNE 30, 2021 AND 2020, THERE WAS NO INTEREST OR PENALTIES EXPENSE RECORDED AND NO ACCRUED INTEREST AND PENALTIES. ACCOUNTING PRINCIPLES GENRALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE TAX LIABILITY (OR ASSET)IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL'S ANNUAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE TO FOUR YEARS, RESPECTIVELY AFTER FILED, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
SCHEDULE D, PAGE 4, PART XI, LINE 2DSCHOLARSHIPS/TUITION DISCOUNTS -733,536 SPECIAL EVENT DIRECT EXPENSES 58,045
SCHEDULE D, PAGE 4, PART XII, LINE 2DSCHOLARSHIPS/TUITION DISCOUNTS -733,536 SPECIAL EVENT DIRECT EXPENSES 58,045

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL GALAEvent1Nm
Gross Receipts Event1$144,933GrossReceiptsEvent1Amt
Gross Revenue Event1$144,933GrossRevenueEvent1Amt
Rent Facility Costs Event1$36,827RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$21,218OtherDirectExpensesEvent1Amt
Gross Receipts Total$144,933GrossReceiptsTotalAmt
Gross Revenue Total Events$144,933GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$36,827RentFcltyCostsTotalEventsAmt
Oth Direct Expnss Total Events$21,218OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$58,045DirectExpenseSummaryEventsAmt
Net Income Summary$86,888NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
SCHOLARSHIPS97$647,763
TUITION DISCOUNTS8$77,993
ENROLLMENT INCENTIVES7$7,780

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDR STEVEN SHERMANPersonNm
TitleHEAD OF SCHOOL - CEOTitleTxt
Base Compensation Filing Org$247,562BaseCompensationFilingOrgAmt
Nontaxable Benefits Filing Org$66,050NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$313,612TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BANNUAL BOARD MEETING DISCUSSION.
FORM 990, PAGE 6, PART VI, LINE 12CDISCLOSURE FORM IS COMPLETED ANNUALLY BY BOARD MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 15ATHE COMPENSATION COMMITTEE REVIEWS THE HEADMASTER'S CONTRACT WITH COMPARATIVE DATA FROM OTHER INDEPENDENT SCHOOLS AS REPORTED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AS WELL AS NATIONAL AND LOCAL DATA FROM SIMILAR INSTITUTIONS.
FORM 990, PAGE 6, PART VI, LINE 15BTHE COMPENSATION COMMITTEE REVIEWS THE EMPLOYEE CONTRACTS WITH COMPARATIVE DATA FROM OTHER INDEPENDENT SCHOOLS AS REPORTED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AS WELL AS NATIONAL AND LOCAL DATA FROM SIMILAR INSTITUTIONS.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE AVAILABLE BY REQUEST TO THE HEADMASTER OR THE BUSINESS MANAGER THROUGH THE SCHOOL'S ADMINISTRATIVE OFFICE. COPIES OF THE FILED FORM 990 TAX RETURNS ARE AVAILABLE ON THE GUIDESTAR WEBSITE.

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