2021-05-14T10:08:02-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2019-07-01 954741072 THE WESLEY SCHOOL WESL 8185084542 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 DAVID HOOKOM CHAIR/TRUSTEE 8185084542 2021-05-14 1 BARED DILACAR P00157338 6267933600 2021-05-11 2019 2022-09-23 18:48:47Z DAVID HOOKOM 4832 TUJUNGA AVE NORTH HOLLYWOOD CA 916014520 10445015 0 X HTTP://WWW.WESLEYSCHOOL.ORG/ X 1999 CA TO PROMOTE ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT IN A SUPPORTIVE, NURTURING ENVIRONMENT. 21 18 111 180 0 0 443453 419709 9380710 9705730 18727 34173 47341 188957 9890231 10348569 1117495 1222342 0 0 5943971 6259764 0 0 396506 3284890 2552302 10346356 10034408 -456125 314161 10372329 10242321 7552410 7096565 2819919 3145756 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 8014388 1222342 9705730 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 AND WAS ABLE TO PROVIDE A ROBUST ACADEMIC CURRICULUM FOR OUR STUDENTS DURING THIS CHALLENGING TIME.DURING THE FISCAL YEAR ENDED JUNE 30, 2020, 318 STUDENTS WERE ENROLLED IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE AND 65 STUDENTS RECEIVED FINANCIAL AID. 8014388 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 36 0 111 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 18 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 H JOHN WALTER III FORMER HEAD OF SCHOOL (LEFT 6/30/19) 40.00 X 314910 0 12533 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 40.00 X 163278 0 21025 GEORGIANN WILSON DIRECTOR OF FINANCE 40.00 X 154412 0 19418 JOSEPH A CAMPANELLA HEAD OF MIDDLE SCHOOL 40.00 X 146088 0 16171 ERNEST LEE LEVRONEY III HEAD OF SCHOOL (START 7/1/19) 40.00 X 107343 0 8576 CHRISTOPHER THINNES HEAD OF LOWER SCHOOL 40.00 X 105820 0 12348 DAVID HOOKOM CHAIR, TRUSTEE 5.00 X X 0 0 0 NICOLE DELEON 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 MARCUS GRANT TRUSTEE 1.00 X 0 0 0 NOREEN HALPERN TRUSTEE 1.00 X 0 0 0 ROBERT IVISON 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 ELENA BLUE-BLUM 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 ERIN UNDERHILL 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 BETH FULTON 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 991851 0 90071 6 1 1 1 COMDATA 5301 MARYLAND WAY BRENTWOOD TN 37027 CREDIT CARD PROCESSOR 299699 PACIFIC PLATINUM SERVICES INC 4316 CRABAPPLE COURT MOORPARK CA 93021 SECURITY, CLEANING & BUS SERVICES 253731 HARVEST MOON INC 12456 W MAGNOLIA BLVD VALLEY VILLAGE CA 91607 HOT LUNCH PROVIDER 240534 ACIS 343 CONGRESS STREET SUITE 3100 BOSTON MA 02210 STUDENT TRAVEL/TOURS 151935 4 419709 5301 419709 TUITION AND FEES 611600 9201871 9201871 AUXILIARY PROGRAMS 611600 480991 480991 INSTRUCTIONAL PROGRAMS 611600 22868 22868 9705730 34173 34173 134418 96446 37972 37972 OTHER REVENUE 900099 150985 150985 150985 10348569 9705730 0 223130 1222342 1222342 413823 143355 196783 73685 4751380 3866258 675408 209714 187430 154213 25437 7780 520063 414892 79178 25993 387068 301782 64381 20905 21158 21158 24869 24869 2261 2261 22584 17472 3919 1193 41500 21029 20471 126287 95920 26240 4127 625365 516051 101246 8068 261450 215748 42329 3373 183497 143066 30521 9910 INSTRUCTIONAL EXPENSES 394223 394223 MISCELLANEOUS EXPENSES 347091 118440 226535 2116 REPAIRS AND MAINTENANCE 275578 221187 45220 9171 HOT LUNCH 161886 161886 64553 27553 37000 10034408 8014388 1623514 396506 2668012 2258989 352018 1370694 259053 217295 35593 14096 148513 78319 7893357 2735946 5188999 5157411 518089 1069205 1202052 76312 10372329 10242321 434677 312886 4661039 3229461 953100 2456694 2601118 7552410 7096565 X 2665402 2969811 154517 175945 2819919 3145756 10372329 10242321 314161 11676 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19000 X SCHOLARLY USE 0 537426 563370 43588 1144384 1038257 5000 56717 560000 2548 537426 1010069 5000 25714 2526 1038257 924910 46000 41441 2282 1010069 878741 15000 33323 2154 924910 0.86690 0.02250 0.11060 0 0 3609985 300222 3309763 3176830 1423404 1753426 696304 631009 65295 410238 381311 28927 5157411 DEFERRED RENT 2601118 2601118 X 9135642 11676 -1224603 -1212927 10348569 0 10348569 8809805 0 8809805 2261 1222342 1224603 10034408 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 -1,222,342. INVESTMENT EXPENSE -2,261. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,222,342. 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 NONDISCRIMINATION POLICY WAS PUBLISHED IN THE LOS ANGELES TIMES IN MAY 2020. GALA 36757 36757 12756 FALL FLASH 53938 53938 45874 2 38957 38957 30748 129652 129652 89378 89378 40274 1 FINANCIAL AID 65 1222342 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 H JOHN WALTER III FORMER HEAD OF SCHOOL (LEFT 6/30/19) 147410 0 0 0 167500 0 6563 0 5970 0 327443 0 0 0 VERENA DENOVE ASSOCIATE HEAD OF SCHOOL 163278 0 0 0 0 0 8250 0 12775 0 184303 0 0 0 GEORGIANN WILSON DIRECTOR OF FINANCE 154412 0 0 0 0 0 7905 0 11513 0 173830 0 0 0 JOSEPH A CAMPANELLA HEAD OF MIDDLE SCHOOL 146088 0 0 0 0 0 7598 0 8573 0 162259 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 H JOHN WALTER III RECEIVED A SEVERANCE PAYMENT OF $150,750 FROM THE LAW OFFICES OF DONALD R HOLBEN AND $16,750 FROM THE SCHOOL IN THE YEAR ENDED 6/30/20. 15400 FINANCIAL AID FINANCIAL ASSISTANCE 22000 FINANCIAL AID FINANCIAL ASSISTANCE 35000 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 THE SCHOOL MADE SIGNIFICANT CHANGES TO THEIR BYLAWS AND UPDATED THE BYLAWS IN SEPTEMBER 2019. THE HEAD OF SCHOOL IS NO LONGER AN EX-OFFICIO MEMBER OF THE BOARD OF TRUSTEE. 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.