2021-05-13T15:13:04-05:00 2020-06-30 954557617 Harrington Group CPAs LLP 234 East Colorado Blvd Suite M150 Pasadena CA 91101 990 2019-07-01 954869859 The Waverly School WAVE 6267925940 67 West Bellevue Drive Pasadena CA 91105 Heidi Johnson Head of School 6267925940 2021-05-13 1 Tonetta L Conner CPA P01775198 6264036801 2019 2022-09-23 18:48:47Z Heidi Johnson 67 West Bellevue Drive Pasadena CA 91105 9395975 0 X www.thewaverlyschool.org X 2001 CA To educate children from preschool to twelfth grade. 21 20 87 20 0 0 1012136 477437 9323743 8887583 350 0 247328 819 10583557 9365839 2469361 2640562 0 0 5146388 5100950 0 0 38952 2191804 1584202 9807553 9325714 776004 40125 13410064 14646257 10652780 11848848 2757284 2797409 X The Waverly School is a nonsectarian, coeducational, college preparatory progressive day school that spans preschool through high school. Waverly 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 8671653 2640562 8887583 The Waverly School is a non-profit, educational institution, serving children from preschool through twelfth grade. The current whole school enrollment is 370 students. Families who chose The Waverly School come from diverse backgrounds in terms of their ethnicity, culture, socioeconomic status, profession and educational attainment level. 8671653 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 18 0 1 87 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X Tracey Fiss 6267925940 67 West Bellevue Drive Pasadena CA 91105 Noah Mayer Chair 2.00 X X 0 0 0 Serita Young Vice Chair 2.00 X X 0 0 0 Joanne Toll Treasurer 2.00 X X 0 0 0 Pat Leawprasert Secretary 2.00 X X 0 0 0 Jessica Clements Board member (Start ?/19) 2.00 X 0 0 0 Michael Dean Board member 2.00 X 0 0 0 Max Darnell Board member 2.00 X 0 0 0 Ellen Greenstone Board member 2.00 X 0 0 0 Miles Hampton Board member (Start ?/19) 2.00 X 0 0 0 Gideon Kracov Board member 2.00 X 0 0 0 Lillian Manzella Board member 2.00 X 0 0 0 Debbie Lennon Board member 2.00 X 0 0 0 Susan Lofgren Board member 2.00 X 0 0 0 Wendy Lopata Board member 2.00 X 0 0 0 Jingbo Lou Board member (Start ?/19) 2.00 X 0 0 0 Bianca Pulitzer Board member 2.00 X 0 0 0 Emily Stadnicki Board member 2.00 X 0 0 0 Rick Sternfeld Board member 2.00 X 0 0 0 Nadine Tanio Board member 2.00 X 0 0 0 Mark Woodsmall Board member 2.00 X 0 0 0 Heidi Johnson Head of School 50.00 X X 242756 0 26075 Tracey Fiss Business Manager 40.00 X 93955 0 20038 Jason Gottlieb Assistant Head of School 40.00 X 145879 0 19070 Joel Murillo Assistant Head of School 40.00 X 133900 0 9373 616490 0 74556 3 0 1 0 Raffy Artinian 67 W Bellevue Dr Pasadena CA 91105 227791 1 37608 439829 477437 Tuition Fees 611600 8693116 8693116 School Fees 611710 187529 187529 Daycare Fees 611600 6938 6938 8887583 29436 37608 30136 -700 -700 Miscellaneous 900099 1519 1519 1519 9365839 8887583 0 819 2640562 2640562 392006 246706 131594 13706 3868087 3780044 74590 13453 164433 163587 557 289 348615 344148 2629 1838 327809 311419 14379 2011 22084 20980 969 135 67342 63975 2954 413 136186 121669 13971 546 2284 2170 100 14 168047 159646 7371 1030 378402 357626 18226 2550 8882 8438 390 54 326571 326571 242614 230483 10642 1489 27685 26300 1214 171 Bank charges and fees 143223 136062 6282 879 Bad debt 24753 23515 1086 152 Miscellaneous 20862 19820 914 128 Professional develop. 15267 14503 670 94 9325714 8671653 615109 38952 2159000 3411222 65154 44746 10651 202517 32641 23776 12647128 1705658 11121887 10941470 20731 22526 13410064 14646257 181015 206750 1637623 2029338 8834142 8669760 0 943000 10652780 11848848 X 2650455 2710988 106829 86421 2757284 2797409 13410064 14646257 40125 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4633270 4633270 7161627 1047107 6114520 481235 377251 103984 290996 211967 79029 80000 69333 10667 10941470 X 7082821 0 7082821 2283018 2283018 9365839 7042696 0 7042696 2283018 2283018 9325714 Part X, Line 2: Waverly is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles 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 that all of the positions taken by Waverly in their federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Waverly's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. Part XI, Line 4b - Other Adjustments: Tuition assistance and remission 2,283,018. Part XII, Line 4b - Other Adjustments: Tuition assistance and remission 2,283,018. 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. Pizza 21025 0 21025 21725 Silent Auction 19268 15113 4155 4155 4 26751 22495 4256 4256 67044 37608 29436 30136 30136 -700 1 Tuition assistance 150 2428762 Cost Credits to students' tuition accounts Remission 16 211800 Cost Credits to students' tuition 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 0 0 Heidi Johnson Head of School 242756 0 0 0 0 0 17363 0 8712 0 268831 0 0 0 Jason Gottlieb Assistant Head of School 145879 0 0 0 0 0 11474 0 7596 0 164949 0 0 0 Serita Young Vice Chair 23000 Tuition assistance Tuition for child of Board Member, Serita Young Pat Leawprasert Secretary 10000 Tuition assistance Tuition for child of Board Member, Pat Leawprasert Nadine Tanio Board Member 13006 Tuition assistance Tuition for child of Board Member, Nadine Tanio Jessica Clements Board Member 25000 Tuition assistance Tuition for child of Board Member, Jessica Clements Form 990, Part VI, Section A, line 7a The Board of Directors chooses new board members. 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 At various board meetings throughout the year, conflict of interest is brought up and discussed. If any changes need to be made to the forms, it is done at the meeting. New Trustees complete an extensive Board Orientation, including a Waverly Board Guidebook that further delineates how the Board discloses and manages possible or actual conflicts of interest. 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 comparabliity 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 Vallely 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 exclulded 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. 15(b) is marked NO as there are no key employees that meet the IRS definition. 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.