2021-03-01T16:53:39-08:00 2020-06-30 952101327 Lund & Guttry LLP 36917 Cook Street Ste 102 Palm Desert CA 92211 990 2019-07-01 952133079 The Palm Valley School PALM 7603280861 35525 Da Vall Dr Rancho Mirage CA 92270 Jennifer Jenkins Board Chair 2021-02-25 true Shannon C Maidment P01426554 7605682242 2019 2022-09-23 18:48:47Z Dr Steven Sherman 35525 Da Vall Dr Rancho Mirage CA 922701822 7569619 false X www.pvs.org X 2000 CA Palm Valley School is an exceptional learning community that educates, nutures, and challenges each student to achieve excellence and contribute to our global society. 12 12 108 500 0 247690 1180169 5825170 6123947 5717 -4672 210743 168556 6289320 7468000 755841 1328329 0 4275462 4028532 0 40286 2605631 2463613 7636934 7820474 -1347614 -352474 15219645 14050076 8136320 7319225 7083325 6730851 Palm Valley School is an exceptional learning community that educates, nutures, and challenges each student to achieve excellence and contribute to our global society. false false 6138369 Educational programs benefitting primary and secondary grade level students of any race, creed, or color. 6138369 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 3 0 true 108 true false false false false false true true false 0 false false false false false false false X 12 12 false false false false false false false true true false false true true true true true false true true false CA X Kevin Dickerson 7603280861 35525 Da Vall Dr Rancho Mirage CA 92270 Susan Rice CEO Thru 5/2020 40.00 0.00 208074 0 20483 Candice Nelson CFO Thru 3/2020 40.00 0.00 63653 0 3885 Jodi Wiseley CFO Thru 3/2019 40.00 0.00 38914 0 2590 Dr Steven Sherman Head of School 40.00 0.00 X 40539 0 0 Kevin Dickerson Business Manage 40.00 0.00 X 4688 0 0 Jennifer Jenkins Board Chair 5.00 0.00 X X 0 0 0 Stone James Vice Chair 4.00 0.00 X X 0 0 0 Colin Kirkpatrick Treasurer 2.00 0.00 X X 0 0 0 Cherise Sonderman Secretary 5.00 0.00 X X 0 0 0 David Mule Director 1.00 0.00 X 0 0 0 Timothy Jochen Director 1.00 0.00 X 0 0 0 Melinda Drickey Director 1.00 0.00 X 0 0 0 Tom Clarke Director 1.00 0.00 X 0 0 0 Carol Scott Director 1.00 0.00 X 0 0 0 Tracy Martin Director 1.00 0.00 X 0 0 0 Roger Snobel Director 1.00 0.00 X 0 0 0 Nate Otto Director 1.00 0.00 X 0 0 0 355868 26958 1 true true false 0 820100 360069 7451 1180169 Auxiliary Services 49761 49761 Tuition & Fees 6074186 6074186 6123947 2530 2530 0 0 11071 11071 11071 11071 7202 -7202 -7202 -7202 197896 94417 103479 0 0 Other Income 611710 54006 54006 54006 7468000 6170751 13601 0 1328329 1328329 0 0 382826 287120 91878 3828 0 2926626 2194969 702390 29267 0 410693 308020 98566 4107 308387 231290 74013 3084 0 0 16920 16920 0 0 0 27667 27667 43327 43327 46477 34858 11619 0 0 250352 187764 62588 0 0 0 326285 244714 81571 0 851653 638739 212914 184062 165655 18407 Repairs & maintenance 230404 172803 57601 Other overhead 198488 99244 99244 Property taxes 51639 38729 12910 Books & instructional material 51493 51493 184846 154642 30204 7820474 6138369 1641819 40286 1129885 678905 0 0 154092 300261 0 0 0 0 64234 1428 25469755 12455976 13872634 13013779 0 0 0 0 -1200 55703 15219645 14050076 423741 477562 1874357 693301 5838222 5959304 189058 8136320 7319225 X 6957434 6022788 125891 708063 7083325 6730851 15219645 14050076 -352474 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 588687 449929 138758 588687 588687 586860 26892 25065 588687 546842 57869 17851 586860 583835 -19319 17674 546842 0.37000 0.58000 0.05000 false false false 1640192 1640192 22944737 11620384 11324353 817475 835592 -18117 67351 67351 13013779 Due to donor restricted 29158 SBA Loan Payable 159900 189058 X 6234088 -1233912 -1233912 7468000 7468000 6586562 -1233912 -1233912 7820474 7820474 Part V, Line 4: Intended uses of the endowment fund. The 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, 2019 and are now held in the School's cash accounts. Part X : FIN48 Footnote The School is a Not-for-profit organization exempt from taxes under section 501(c)(3) of the internal revenue code. The School has not engaged in any activities subject to income tax on unrelated business income; therfore, no provision has been made for income taxes.The School's policy is to record income tax related interest and penaltiies in operating expenses. For the years ended June 30, 2020 and 2019, there was no interest or penalties expense recorded and no accrued interest and penalties.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the school and recognize a 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 positions taken by the School, and has concluded that as of June 30, 2020 and 2019 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. true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race X false Annual Gala 197896 197896 54506 39911 197896 197896 54506 39911 94417 103479 false 0 0 Scholarships 118 1166352 Tuition Discounts 18 153477 Enrollment Incentives 13 8500 X X X false false false false false false false false false Candice Nelson CFO Thru 3/2020 63653 3885 67538 Jodi Wiseley CFO Thru 3/2019 38914 2590 41504 Susan Rice CEO Thru 5/2020 208074 20483 228557 Form 990, Part VI, Line 11b: Form 990 Review Process Annual board meeting discussion. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Disclosure form is completed annually by Board members. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The 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, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The 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, Part VI, Line 19: Other Organization Documents Publicly Available Documents 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. Form 990, Part XII, Line 2: Change of Oversight or Selection Process The School's audit committee reviews the audit and meets with the auditor prior to the audit report being finalized.