2023-09-28T12:03:38-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2021-07-01 954869859 THE WAVERLY SCHOOL WAVE 6267925940 67 WEST BELLEVUE DRIVE PASADENA CA 91105 CLARKE WEATHERSPOON HEAD OF SCHOOL 6267925940 2023-09-26 1 CLARKE WEATHERSPOON 999009999 KAREN LO P02141262 6267933600 2023-09-26 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z CLARKE WEATHERSPOON 67 WEST BELLEVUE DRIVE PASADENA CA 91105 11258435 0 X WWW.THEWAVERLYSCHOOL.ORG X 2001 CA TO EDUCATE CURIOUS, RESOURCEFUL, AND CONFIDENT LEARNERS FROM PRESCHOOL THROUGH TWELFTH GRADE. 17 16 103 20 0 0 1253398 1197498 9040118 9914613 0 0 -19177 106334 10274339 11218445 2647215 2475252 0 0 5230486 5957569 0 0 209027 2327081 2289123 10204782 10721944 69557 496501 15281189 15060172 12443638 12089501 2837551 2970671 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 9674428 2475252 9914613 THE WAVERLY SCHOOL IS A NON-PROFIT, EDUCATIONAL INSTITUTION, SERVING CHILDREN FROM PRESCHOOL THROUGH TWELFTH GRADE. THE CURRENT WHOLE SCHOOL ENROLLMENT IS 339 STUDENTS. FAMILIES WHO CHOSE THE WAVERLY SCHOOL COME FROM DIVERSE BACKGROUNDS IN TERMS OF THEIR ETHNICITY, CULTURE, SOCIOECONOMIC STATUS, PROFESSION AND EDUCATIONAL ATTAINMENT LEVEL. 9674428 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 22 0 1 103 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X JULI KHOE 6267925940 67 WEST BELLEVUE DRIVE PASADENA CA 91105 HEIDI JOHNSON HEAD OF SCHOOL THRU 6/30/21 50.00 X X 163320 0 16260 JOHN HUBER INTERIM HEAD OF SCHOOL FROM 7/1/21 50.00 X X 149695 0 13941 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 SUSAN LOFGREN SECRETARY 2.00 X X 0 0 0 ANTHONY ALVARADO BOARD MEMBER FROM 8/1/21 2.00 X 0 0 0 LORNE GREEN BOARD MEMBER FROM 8/1/21 2.00 X 0 0 0 ELLEN GREENSTONE BOARD MEMBER 2.00 X 0 0 0 ELIZABETH LAWRENCE BOARD MEMBER FROM 8/1/21 2.00 X 0 0 0 DEBBIE LENNON BOARD MEMBER 2.00 X 0 0 0 PAT LEAWPRASERT BOARD MEMBER 2.00 X 0 0 0 WENDY LOPATA 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 STEPHEN ROUNTREE BOARD MEMBER FROM 8/1/21 2.00 X 0 0 0 NADINE TANIO BOARD MEMBER 2.00 X 0 0 0 TRACEY FISS BUSINESS MANAGER THRU 6/30/21 40.00 X 66537 0 10099 JULI KHOE BUSINESS MANAGER FROM 7/1/21 40.00 X 66204 0 2596 JASON GOTTLIEB ASSISTANT HEAD OF SCHOOL 40.00 X 185495 0 22326 AMY SLOBODA MIDDLE SCHOOL DIRECTOR 40.00 X 103500 0 1200 734751 0 66422 4 0 1 0 0 23193 835945 338360 14462 1197498 TUITION 611600 9391176 9391176 AFTERSCHOOL PROGRAMS 611710 184506 184506 OTHER FEES 611710 155046 155046 OTHER INSTRUCTIONAL PROGRAMS 611710 154050 154050 AUXILIARY INCOME 611710 29835 29835 9914613 146269 23193 39990 106279 106279 MISCELLANEOUS 900099 55 55 55 11218445 9914613 0 106334 2475252 2475252 452281 259460 160388 32433 4440727 4243638 88658 108431 163045 151472 7659 3914 497561 461501 21990 14070 403955 372130 20271 11554 124157 120606 3551 48395 48395 274137 253908 12885 7344 6115 5633 307 175 48593 44763 2440 1390 501779 478791 14642 8346 2118 1951 106 61 11534 10625 579 330 314688 314688 252293 232416 12661 7216 57648 53106 2893 1649 PROGRAM EXPENSES 444082 444082 BANK CHARGES AND FEES 165172 152159 8289 4724 PROFESSIONAL DEVELOPMEN 19494 17958 978 558 BAD DEBT 14787 14787 4131 796 54 3281 10721944 9674428 838489 209027 4421694 4385472 23550 1200 46431 54795 36628 78117 12707511 2185118 10730360 10522393 22526 18195 15281189 15060172 202267 452833 2907189 3314843 8498237 8321825 835945 12443638 12089501 X 2769001 2899471 68550 71200 2837551 2970671 15281189 15060172 496501 -363381 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4633270 4633270 7161627 1416787 5744840 503683 426775 76908 328931 261556 67375 80000 80000 0 10522393 X 8743193 -2475252 -2475252 11218445 0 11218445 8246692 0 8246692 2475252 2475252 10721944 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 -2,475,252. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,475,252. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE PART II. SCHEDULE E, PART I, LINE 6 FORGIVENESS OF PAYCHECK PROTECTION PROGRAM LOAN. LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY 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. BENEFIT 78558 19225 59333 6181 12667 JOGATHON 56071 3968 52103 1395 2 25608 25608 11014 71 160237 23193 137044 18590 12738 31328 105716 1 TUITION ASSISTANCE 132 2475252 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 X X 0 0 0 0 0 0 0 1 0 JASON GOTTLIEB ASSISTANT HEAD OF SCHOOL 185495 0 0 0 0 0 13606 0 8720 0 207821 0 0 0 HEIDI JOHNSON HEAD OF SCHOOL THRU 6/30/21 163320 0 0 0 0 0 11901 0 4359 0 179580 0 0 0 JOHN HUBER INTERIM HEAD OF SCHOOL FROM 7/1/21 137195 0 12500 0 0 0 10500 0 3441 0 163636 0 0 0 PART I, LINE 7 THE SCHOOL'S COMPENSATION SUBCOMMITTEE APPROVED A PERFORMANCE BONUS IN THE AMOUNT OF $12,500 FOR MEETING AND EXCEEDING GOALS AS INTERIM HEAD OF SCHOOL FOR THE 2021-2022 SCHOOL YEAR. 184855 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 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. 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 PROCESS HAS NOT CHANGED FROM PRIOR YEAR.