2019-05-15T12:57:20-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2017-07-01 954813155 VALUE SCHOOLS VALU 2133888695 680 WILSHIRE PLACE NO 315 LOS ANGLES CA 90005 DAVID DOYLE PRESIDENT/CEO 2133888695 2019-05-15 1 DERRICK DEBRUYNE CPA P00591016 6268577300 2019-05-14 67.137.57.251 2019-05-15 05:22:56 PD P 3605098DE1C5714001CCA2EBA3FCCF3F67934A02 FAAF2A0F47C983ECA4BA3B7CB7C1C98A8B67BDDF 2017 2020-01-14 16:20:31Z DAVID DOYLE 680 WILSHIRE PLACE NO 315 LOS ANGLES CA 90005 21186880 0 X WWW.VALUESCHOOLS.COM X 2000 CA VALUE SCHOOLS OPERATES FOUR CHARTER SCHOOLS IN LOW-INCOME NEIGHBORHOODS IN LOS ANGELES. 6 6 211 150 0 33054 18461067 21110113 21873 22909 0 0 331400 53858 18814340 21186880 0 0 0 0 10241979 11565654 0 0 41237 7291391 8486773 17533370 20052427 1280970 1134453 7341590 8787278 1719466 2030701 5622124 6756577 X VALUE SCHOOLS ESTABLISHES AND MAINTAINS PUBLIC CHARTER SCHOOLS IN NEIGHBORHOODS THAT HAVE BEEN TRADITIONALLY UNDERSERVED BY THE PUBLIC SCHOOL SYSTEM. VALUE SCHOOLS OFFERS A SUPERIOR EDUCATIONAL CHOICE FOR FAMILIES LIVING IN HIGH POVERTY AREAS OF LOS ANGELES, PROVIDING A STRONG ACADEMIC PROGRAM IN A VALUES-BASED LEARNING COMMUNITY. 0 0 16990817 76767 VALUE SCHOOLS OPERATES CENTRAL CITY VALUE HIGH SCHOOL, A PUBLIC CHARTER SCHOOL EDUCATING STUDENTS IN GRADES 9-12. AS ONE OF THE TOP PERFORMING HIGH SCHOOLS IN THE AREA, CENTRAL CITY VALUE'S STATE TEST SCORES ON MATH AND ENGLISH LANGUAGE ARTS EXCEED STATE AND DISTRICT AVERAGES. GRADUATION RATE IS NEARLY 100%, WITH OVER 70% OF THOSE GRADUATES ACCEPTED TO FOUR-YEAR COLLEGES OR UNIVERSITIES. THE SCHOOL ALSO PROVIDES RICH EXTRACURRICULAR OPPORTUNITIES INCLUDING A ROBUST TEAM SPORTS PROGRAM AND A WIDE RANGE OF CLUBS. APPROXIMATELY 93% OF CENTRAL CITY'S 483 STUDENTS QUALIFY FOR FREE OR REDUCED PRICED MEALS, A STRONG INDICATOR OF LOW INCOME STATUS.VALUE SCHOOLS OPERATES DOWNTOWN VALUE SCHOOL, A PUBLIC K-8 CHARTER SCHOOL SERVING MOSTLY LOW INCOME, HISPANIC/LATINO FAMILIES IN THE PICO-UNION AREA OF LOS ANGELES. DOWNTOWN VALUE HAS SHOWN MORE THAN 15 YEARS OF ACHIEVEMENT GROWTH, AND NOW OUTPERFORMS NEARLY ALL COMPARABLE DISTRICT SCHOOLS IN MATH AND ENGLISH LANGUAGE ARTS WITH DEDICATED FACULTY AND STRONG PARENT AND DONOR INVOLVEMENT. DOWNTOWN VALUE ALSO PROVIDES A WIDE ARRAY OF OPPORTUNITIES FOR TEAM ATHLETICS, PERFORMING ARTS, AND SERVICE TO THE COMMUNITY WITH AN ENROLLMENT CAPACITY OF 456. DOWNTOWN VALUE REGULARLY MAINTAINS A WAITING LIST.VALUE SCHOOLS OPERATES EVEREST VALUE SCHOOL, A PUBLIC K-8 CHARTER SCHOOL. PENDING ACQUISITION OF A PERMANENT SITE, EVEREST VALUE OPERATES IN A CHURCH-BASED FACILITY IN THE KOREATOWN NEIGHBORHOOD OF LOS ANGELES. ALTHOUGH EVEREST VALUE WILL EVENTUALLY SERVE APPROXIMATELY 450 STUDENTS, THE CONSTRAINTS OF ITS TEMPORARY SPACE LIMITS ENROLLMENT TO APPROXIMATELY 250, WITH A WAITING LIST. THE MAJORITY OF THE SCHOOL'S GRADUATING EIGHTH GRADERS CHOOSE TO ENROLL IN A VALUE SCHOOLS HIGH SCHOOL. IN ADDITION TO ITS STRONG CORE CURRICULUM, EVEREST VALUE OFFERS A MUSIC PROGRAM, A 'CHALLENGE CLASS" FOR HIGH ACADEMIC ACHIEVERS, A ROBUST AFTERSCHOOL PROGRAM FOCUSING ON ACADEMICS, LEADERSHIP, SOCIAL SKILLS, AND ATHLETICS. EVEREST STUDENTS OUTPERFORM LOCAL DISTRICT PUBLIC SCHOOLS IN MATH AND ENGLISH LANGUAGE ARTS.VALUE SCHOOLS OPERATES UNIVERSITY PREPARATORY VALUE HIGH SCHOOL, A PUBLIC CHARTER SCHOOL THAT WILL ULTIMATELY SERVE 480 STUDENTS IN GRADES 9-12, MORE THAN 90% OF THEM FROM LOW INCOME FAMILIES. NOW IN ITS FOURTH YEAR OF OPERATIONS, UNIVERSITY PREP VALUE HAS AN ENROLLMENT OF 370 AND APPROXIMATELY 80% OF GRADUATING SENIORS HAVE BEEN ACCEPTED TO 4-YEAR UNIVERSITIES. THE SCHOOL MOVED INTO ITS PERMANENT SITE IN THE PICO-UNION NEIGHBORHOOD JUST PRIOR TO THE START OF THE FY17-18 SCHOOL YEAR, ALLOWING IT TO GROW TO ITS PROJECTED ENROLLMENT OF 480. ALONG WITH A RIGOROUS COMMON CORE EDUCAIONAL PROGRAM TO PREPARE HIGH SCHOOL STUDENTS TO GAIN ADMISSIONS TO HIGH QUALITY UNIVERSITIES AND TO PERSIST AND THRIVE IN HIGHER EDUCAION, THE SCHOOL OFFERS A TEAM SPORTS PROGRAM AND A WIDE RANGE OF CLUBS. 16990817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 0 1 64 0 1 211 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 CA X X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 GRANT CAMBRIDGE CHAIR 2.00 2.00 X X 0 0 0 JEFFREY GARCIA DIRECTOR 2.00 X 0 0 0 JOSE RAMOS DIRECTOR 2.00 X 0 0 0 ERIKA MARTINEZ-SCOTT DIRECTOR 2.00 X 0 0 0 JODY FOLDESY DIRECTOR 2.00 2.00 X 0 0 0 KATE FARRAR DIRECTOR 2.00 X 0 0 0 DAVID DOYLE PRESIDENT/CEO 40.00 1.00 X 126195 0 9511 RHONDA HOFFARTH CFO 40.00 1.00 X 118500 0 17460 CHRISTOPHER MEDINGER PRINCIPAL 40.00 X 120757 0 16337 ALVIN LAMARRE TEACHER/DIR OF DATA 40.00 X 116518 0 20741 ROBERT POYER PRINCIPAL 40.00 X 103220 0 16003 JOAQUIN ARROYO PRINCIPAL 40.00 X 113923 0 15416 RAISSA ADOLPHE TEACHER/ATHLETIC DIR 40.00 X 109488 0 14697 GERALDINE JACOBY FORMER PRESIDENT/CEO 40.00 X 80075 0 10073 888676 0 120238 7 1 0 0 VSF SCHOOL FACILITIES #1 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 RENT 224491 BRAVER & SAUER INVESTMENTS 10100 SANTA MONICA BLVD SUITE 2300 LOS ANGELES CA 90067 NONEMPLOYEE COMPENSATION 166706 700 WILSHIRE PROPERTIES 611 WILSHIRE BLVD LOS ANGELES CA 90017 RENT 111629 MUSICK PEELER & GARRETT LLP 624 S GRAND AVE SUITE 2000 LOS ANGELES CA 900173383 LEGAL SERVICES 108493 4 20800337 309776 21110113 FOOD SERVICE SALES 900099 22909 22909 22909 OTHER REVENUE 900099 53858 53858 53858 21186880 76767 0 0 X 332115 292261 39854 8529368 7329776 1199592 1141411 980779 160632 1267486 1089712 177774 295274 253936 41338 54745 54745 38176 38176 2542673 1867665 675008 7875 7875 724325 478055 246270 84478 55756 28722 2685176 2643627 41549 29273 19320 9953 70500 46530 23970 1161 1161 77524 51166 26358 136146 89856 46290 INSTRUCTIONAL MATERIALS 1792378 1792378 242343 201106 41237 20052427 16990817 3020373 41237 4347990 4767402 0 1930112 2480795 242691 143285 0 283143 371067 879922 151674 487892 728248 149168 197075 7341590 8787278 432909 410630 350006 250010 936551 1370061 1719466 2030701 X 5080183 6550866 541941 205711 5622124 6756577 7341590 8787278 1134453 0 X 0 1 X 1 1 1 X 165091 165091 581639 119214 462425 133192 32460 100732 728248 DEFERRED RENT 1317481 INTERCOMPANY PAYABLES 52580 1370061 X 21186880 0 21186880 0 21186880 20052427 0 20052427 0 20052427 PART X, LINE 2: THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS INCLUDED IN ALL SCHOOL LITERATURE AND IS POSTED IN THE SCHOOLS. THE ENROLLMENT AT EACH OF THE SCHOOLS IS 99% MINORITIES. SCHEDULE E, PART I, LINE 4 SINCE THERE IS NO TUITION AT VALUE SCHOOLS, NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE ARE AWARDED THERE ARE NO DOCUMENTS TO BE KEPT. SCHEDULE E, PART I, LINE 6 VALUE SCHOOLS RECEIVES GRANTS FROM THE STATE OF CALIFORNIA DEPARTMENT OF EDUCATION. X X X X 1 JUDITH MCKENNA 680 WHILSHIRE PLACE LOS ANGELES CA 90005 GRANT WRITER 0 45000 32500 12500 45000 32500 12500 X X X X X 0 0 0 0 0 0 0 0 0 GERALDINE JACOBY FORMER PRESIDENT/CEO 80075 0 0 0 0 0 0 0 10073 0 90148 0 0 0 JUDITH MCKENNA GRANT WRITING 32500 JUDITH MCKENNA PROVIDED GRANT WRITING SERVICES TO THE ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE CEO REVIEWS THE FORM 990. A COPY IS THEN DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL QUESTIONNAIRES ARE DISTRIBUTED. THE ORGANIZATION WILL CONDUCT PERIODIC REVIEWS AND MAY, BUT NEED NOT, USE OUTSIDE EXPERTS. ANY CONFLICTS WOULD BE RESOLVED THROUGH THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE COMPENSATION PACKAGES FOR ALL OFFICERS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. THE BOARD USES A COMPENSATION SURVEY AND OTHER FORMS 990 TO DETERMINE THE COMPENSATION FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL BOARD OF DIRECTORS' MEETING AGENDAS AND MINUTES, ALONG WITH FINANCIAL STATEMENTS AND COPPORATE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G SPECIAL EDUCATION ENCROACHMENT: PROGRAM SERVICE EXPENSES 719,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 719,141. SPECIAL EDUCATION CONTRACT INSTRUCTORS: PROGRAM SERVICE EXPENSES 979,777. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 979,777. ALL OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 168,747. MANAGEMENT AND GENERAL EXPENSES 675,008. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 843,755. VALUE SCHOOLS FOUNDATION 950 W WASHINGTON BLVD LOS ANGELES CA 90015 455233028 TO FACILITATE THE DEVELOPMENT OF CHARTER SCHOOLS CA 501(C)(3) LINE 7 VALUE SCHOOLS 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 VALUE SCHOOLS FOUNDATION K 2090693 ACTUAL AMOUNT PAID