2023-05-12T17:19:14-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2021-07-01 954813155 VALUE SCHOOLS VALU 2133888695 680 WILSHIRE PLACE 308 LOS ANGLES CA 90005 LOREEN RILEY CEO 2133888695 2023-05-11 1 LOREEN RILEY 999009999 DERRICK DEBRUYNE CPA P00591016 6268577300 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LOREEN RILEY 680 WILSHIRE PLACE 308 LOS ANGLES CA 90005 32520669 0 X WWW.VALUESCHOOLS.COM X 2000 CA VALUE SCHOOLS OPERATES FOUR CHARTER SCHOOLS IN LOW-INCOME NEIGHBORHOODS IN LOS ANGELES. 7 7 267 20 0 0 26669902 32490232 0 0 0 0 52596 30437 26722498 32520669 0 3057 0 0 15037662 17492554 0 0 162817 7983414 12163622 23021076 29659233 3701422 2861436 19707331 22385869 6723124 6540226 12984207 15845643 X VALUE SCHOOLS ESTABLISHES AND MAINTAINS PUBLIC CHARTER SCHOOLS IN NEIGHBORHOODS THAT HAVE BEEN TRADITIONALLY UNDERSERVED BY THE PUBLIC SCHOOL SYSTEM. VALUE SCHOOLS OFFERS A SUPERIOR EDUCATIONAL CHOICE FOR FAMILIES LIVING IN HIGH POVERTY AREAS OF LOS ANGELES, PROVIDING A STRONG ACADEMIC PROGRAM IN A VALUES-BASED LEARNING COMMUNITY. 0 0 26221098 3057 VALUE SCHOOLS OPERATES 2 PUBLIC CHARTER K-8 SCHOOLS AND 2 PUBLIC CHARTER HIGH SCHOOLS IN THE KOREATOWN AND PICO-UNION NEIGHBORHOODS OF LOS ANGELES. IN ADDITION TO ACADEMIC PROGRAMS GEARED TO PREPARING STUDENTS TO SUCCEED IN HIGHER EDUCATION, THE SCHOOLS OFFER ATHLETIC AND OTHER EXTRACURRICULAR ACTIVITIES TO DEVELOP WELL ROUNDED CITIZENS. 26221098 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 44 0 1 267 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 DAVID DOYLE PRESIDENT/CEO 40.00 2.00 X 160870 0 46019 RHONDA HOFFARTH CFO 40.00 2.00 X 137813 0 45931 CHRISTOPHER MEDINGER PRINCIPAL 40.00 X 142947 0 32608 JOAQUIN ARROYO PRINCIPAL 40.00 X 139323 0 35700 ANA CHAVEZ COO 40.00 X 134368 0 28765 ALVIN LAMARRE DIRECTOR 40.00 X 125387 0 33508 CLAUDIA GODLEWSKI PRINCIPAL 40.00 X 130443 0 26360 GRANT CAMBRIDGE CHAIR 2.00 2.00 X X 0 0 0 VINCE GONZALES VICE CHAIR 2.00 2.00 X X 0 0 0 JEFFREY GARCIA DIRECTOR 2.00 X 0 0 0 JOSE RAMOS DIRECTOR 2.00 X 0 0 0 ERIKA MARTINEZ-SCOTT DIRECTOR 2.00 X 0 0 0 NAYA BLOOM DIRECTOR 2.00 2.00 X 0 0 0 KATHERINE FARRAR DIRECTOR 2.00 X 0 0 0 971151 0 248891 14 0 1 0 0 261334 31716073 512825 32490232 REFUND/REIMBURSEMENT 611110 23089 23089 OTHER REVENUE 611110 7348 7348 30437 32520669 0 0 30437 X 3057 3057 415693 365810 49883 12732582 12315955 416627 2185419 2130246 55173 1612564 1569508 43056 546296 530019 16277 49246 49246 62488 62488 3018507 2434657 533850 50000 87427 87427 555138 377857 177281 99593 99593 4601492 3149008 1452484 40559 40559 99382 99382 165126 123844 41282 252961 252961 INSTRUCTIONAL MATERIALS 2763836 2763836 FUNDRAISING EXPENSES 112817 112817 STUDENT ACTIVITIES 84823 84823 MISCELLANEOUS OPERATING 47643 47643 122584 45517 77067 29659233 26221098 3275318 162817 12218256 15851203 6306430 4652623 13313 270241 456777 753506 1621013 857619 617653 763394 94902 94902 19707331 22385869 592739 1269577 1162193 2411668 2775470 0 2192722 2858981 6723124 6540226 X 12979038 15819703 5169 25940 12984207 15845643 19707331 22385869 2861436 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 435130 85891 349239 877461 545360 332101 300345 226368 73977 8077 8077 763394 DEFERRED RENT 2858981 2858981 X PART X, LINE 2: THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THE EXEMPT PURPOSES. THE SCHOOL FILES AN EXEMPT SCHOOL RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL SCHOOL LITERATURE AND IS POSTED IN THE SCHOOLS. SCHEDULE E, PART I, LINE 4 SINCE THERE IS NO TUITION AT VALUE SCHOOLS, NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE ARE AWARDED THERE ARE NO DOCUMENTS TO BE KEPT. SCHEDULE E, PART I, LINE 6 VALUE SCHOOLS RECEIVES GRANTS FROM THE STATE OF CALIFORNIA DEPARTMENT OF EDUCATION. X X X X X 0 0 0 0 0 0 0 0 0 DAVID DOYLE PRESIDENT/CEO 160870 0 0 0 0 0 36161 0 9858 0 206889 0 0 0 RHONDA HOFFARTH CFO 137813 0 0 0 0 0 31753 0 14178 0 183744 0 0 0 CHRISTOPHER MEDINGER PRINCIPAL 142947 0 0 0 0 0 23654 0 8954 0 175555 0 0 0 JOAQUIN ARROYO PRINCIPAL 139323 0 0 0 0 0 23022 0 12678 0 175023 0 0 0 ANA CHAVEZ COO 134368 0 0 0 0 0 22197 0 6568 0 163133 0 0 0 ALVIN LAMARRE DIRECTOR 125387 0 0 0 0 0 20830 0 12678 0 158895 0 0 0 CLAUDIA GODLEWSKI PRINCIPAL 130443 0 0 0 0 0 16502 0 9858 0 156803 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL BOARD OF DIRECTORS' MEETING AGENDAS AND MINUTES, ALONG WITH FINANCIAL STATEMENTS AND COPPORATE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 2,434,657. MANAGEMENT AND GENERAL EXPENSES 533,850. FUNDRAISING EXPENSES 50,000. TOTAL EXPENSES 3,018,507. FORM 990. PART XII, LINE 2C: THERE WERE NO CHANGES IN OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR. VALUE SCHOOLS FOUNDATION 680 WILSHIRE PLACE SUITE 308 LOS ANGELES CA 90005 455233028 TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS CA 501(C)(3) LINE 7 VALUE SCHOOLS 1 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 VALUE SCHOOLS FOUNDATION C 684547 AMOUNT PAID VALUE SCHOOLS FOUNDATION K 3229682 AMOUNT PAID VALUE SCHOOLS FOUNDATION B 3057 AMOUNT PAID