2022-05-16T13:01:40-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2020-07-01 954741072 THE WESLEY SCHOOL WESL 8185084542 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 GEORGIANN HUFF DIRECTOR OF FINANCE 8185084542 2022-05-13 1 GEORGIANN HUFF 999009999 BARED DILACAR P00157338 6267933600 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DAVID HOOKOM 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 11098129 0 X HTTP://WWW.WESLEYSCHOOL.ORG/ X 1999 CA TO PROMOTE ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT IN A SUPPORTIVE, NURTURING ENVIRONMENT. 19 16 95 180 0 0 419709 1327775 9705730 9667578 34173 24606 188957 34162 10348569 11054121 1222342 1616628 0 0 6259764 6320957 0 0 283845 2552302 2202236 10034408 10139821 314161 914300 10242321 11780902 7096565 7454402 3145756 4326500 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 8282481 1616628 9667578 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. IN MARCH OF 2020, WITH THE ONSET OF THE PANDEMIC, THE SCHOOL MOVED TO A FULL DISTANCE LEARNING PROGRAM. LIMITED IN-PERSON EDUCATION RESUMED IN FEBRUARY 2021 IN THE FORM OF ONE FULL GRADE AT A TIME RETURNING TO CAMPUS, UNTIL ALL NINE GRADE LEVELS WERE DOING ON CAMPUS LEARNING BY RETURN OF SPRING BREAK IN APRIL 2021.DURING THE FISCAL YEAR ENDED JUNE 30, 2021, 314 STUDENTS WERE ENROLLED IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE AND 100 STUDENTS RECEIVED FINANCIAL AID. 8282481 1 1 0 0 0 0 0 1 0 1 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 13 0 95 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GEORGIANN HUFF 8185084542 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 40.00 X 168741 0 22529 JOSEPH A CAMPANELLA ASSOCIATE HEAD OF SCHOOL/PROGRAM 40.00 X 169527 0 18160 GEORGIANN HUFF DIRECTOR OF FINANCE 40.00 X 157528 0 20902 CHRISTOPHER THINNES HEAD OF LOWER SCHOOL 40.00 X 140414 0 16599 ERNEST LEE LEVRONEY III HEAD OF SCHOOL (THRU 07/16/2020) 40.00 X 128342 0 9975 JULIE GALLES INTERIM HEAD OF SCHOOL (FROM 08/17/2020) 40.00 X 103946 0 5156 DAVID HOOKOM CHAIR, TRUSTEE 5.00 X X 0 0 0 NICOLE DELEON-HOOVER VICE CHAIR, TRUSTEE 5.00 X X 0 0 0 ALEX YOUNG TREASURER, TRUSTEE 5.00 X X 0 0 0 SCOTT AULT SECRETARY, TRUSTEE 5.00 X X 0 0 0 JOHN AQUINO TRUSTEE 1.00 X 0 0 0 BRENDON BLINCOE TRUSTEE 1.00 X 0 0 0 ELENA BLUE-BLUM TRUSTEE 1.00 X 0 0 0 BETH FULTON TRUSTEE 1.00 X 0 0 0 MARCUS GRANT TRUSTEE 1.00 X 0 0 0 NOREEN HALPERN TRUSTEE 1.00 X 0 0 0 LISA KATZ 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 DAVID MONAHAN TRUSTEE 1.00 X 0 0 0 BERTHA MUNOZ TRUSTEE 1.00 X 0 0 0 MICHELLE SACCHETTO TRUSTEE 1.00 X 0 0 0 MASON THUNE TRUSTEE 1.00 X 0 0 0 PAOLO VELASCO TRUSTEE 1.00 X 0 0 0 ALAIN YOTNEGPARIAN TRUSTEE 1.00 X 0 0 0 868498 0 93321 6 0 1 0 PACIFIC PLATINUM SERVICES INC 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 01601 CLEANING AND SECURITY SERVICES 279534 COMDATA 5301 MARYLAND WAY BRENTWOOD TN 37027 CREDIT CARD PROCESSOR 138941 2 36691 953100 337984 9000 1327775 TUITION AND FEES 611600 9587857 9587857 AUXILIARY PROGRAMS 611600 62503 62503 INSTRUCTIONAL PROGRAMS 611600 17218 17218 9667578 24606 24606 77737 36691 44008 33729 33729 OTHER REVENUE 900099 433 433 433 11054121 9667578 0 58768 1616628 1616628 459946 155175 248148 56623 4711399 3886418 683296 141685 191214 158629 27211 5374 557525 446455 91033 20037 400873 314645 71079 15149 41434 41434 30732 30732 3024 3024 50227 30708 18777 742 25828 12918 12910 97540 72676 22289 2575 101415 83687 16418 1310 585763 483370 94824 7569 278786 230053 45131 3602 198131 155513 35131 7487 MISCELLANEOUS EXPENSES 303183 231120 66957 5106 INSTRUCTIONAL EXPENSES 247671 247671 REPAIRS AND MAINTENANCE 207637 169733 34228 3676 UNCOLLECTABLE RECEIVABL 30865 30865 10139821 8282481 1573495 283845 2258989 3626299 1370694 1321075 217295 114907 14096 3469 78319 161169 7608436 2530658 5157411 5077778 1069205 1407243 76312 68962 10242321 11780902 312886 431572 3229461 4299749 953100 0 2601118 2723081 7096565 7454402 X 2969811 4130971 175945 195529 3145756 4326500 10242321 11780902 914300 266444 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19000 X SCHOLARLY USE 0 1144384 1000 288026 1433410 537426 563370 43588 1144384 1038257 5000 56717 560000 2548 537426 1010069 5000 25714 2526 1038257 924910 46000 41441 2282 1010069 0.86640 0.08890 0.04470 0 0 3675138 375434 3299704 3208305 1537671 1670634 506542 431304 75238 218451 186249 32202 5077778 DEFERRED RENT 2723081 2723081 X 9700913 266444 -1619652 -1353208 11054121 0 11054121 8520169 0 8520169 3024 1616628 1619652 10139821 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 -1,616,628. INVESTMENT EXPENSE -3,024. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,616,628. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY WAS PUBLISHED IN THE LOS ANGELES TIMES IN MAY 2020 AND POSTED ON SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED PPP LOAN IN APRIL 2020 AND RECEIVED FORGIVENESS FROM US SMALL BUSINESS ADMINISTRATION IN JANUARY 2021. GALA 78306 36691 41615 9072 PARTY BOOKS 25259 25259 11798 103565 36691 66874 20870 20870 46004 1 FINANCIAL AID 100 1616628 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 1 0 0 0 0 0 0 0 0 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 168741 0 0 0 0 0 8500 0 14029 0 191270 0 0 0 JOSEPH A CAMPANELLA ASSOCIATE HEAD OF SCHOOL/PROGRAM 169527 0 0 0 0 0 8500 0 9660 0 187687 0 0 0 GEORGIANN HUFF DIRECTOR OF FINANCE 157528 0 0 0 0 0 8059 0 12843 0 178430 0 0 0 CHRISTOPHER THINNES HEAD OF LOWER SCHOOL 140414 0 0 0 0 0 7020 0 9579 0 157013 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 CREDIT CARD EXPENDITURES ARE REVIEWED AND SIGNED OFF BY THE FINANCE CHAIR OF THE BOARD ON A SEMI-MONTHLY BASIS. PART I, LINE 4A CHRISTOPHER THINNES TERMINATED EFFECTIVE JUNE 30, 2021. THE SCHOOL PAID A TOTAL OF $60,000 SEVERANCE PAYMENTS. 14000 FINANCIAL AID FINANCIAL ASSISTANCE 22000 FINANCIAL AID FINANCIAL ASSISTANCE 28000 FINANCIAL AID FINANCIAL ASSISTANCE FORM 990, PART VI, SECTION A, LINE 1 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 A, LINE 4 BUILDING AND GROUNDS COMMITTEE HAS BEEN ESTABLISHED TO ASSIST THE SCHOOL IN THE DESIGN, CONSTRUCTION AND MAINTENANCE OF ALL BUILDINGS AND FACILITIES, AND THE IMPROVEMENT AND MAINTENANCE OF THE GROUNDS. 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 15 THE COMPENSATION 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. THIS COMMITTEE PERFORMS THESE DUTIES FOR THE ORGANIZATION'S HEAD OF SCHOOL AND ANY KEY EMPLOYEES WITH SALARIES OVER $100,000. 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: THIS PROCESS HAS NOT CHANGED FROM LAST YEAR.