2018-05-15T16:55:34-05:00 2017-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2016-07-01 954813155 VALUE SCHOOLS VALU 2133888695 680 WILSHIRE PLACE NO 315 LOS ANGLES CA 90005 DAVID DOYLE PRESIDENT/CEO 2133888695 2018-05-15 1 DERRICK DEBRUYNE CPA P00591016 6268577300 2018-05-14 2016 2022-09-23 18:48:47Z DAVID DOYLE 680 WILSHIRE PLACE NO 315 LOS ANGLES CA 90005 18814340 0 X WWW.VALUESCHOOLS.COM X 2000 CA VALUE SCHOOLS OPERATES FOUR CHARTER SCHOOLS IN LOW-INCOME NEIGHBORHOODS IN LOS ANGELES. 6 6 201 300 0 0 16937018 18461067 718930 21873 0 0 235155 331400 17891103 18814340 0 0 0 0 8638137 10241979 38400 0 11488 6818561 7291391 15495098 17533370 2396005 1280970 6260831 7341590 1919677 1719466 4341154 5622124 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 LOA ANGELES, PROVIDING A STRONG ACADEMIC PROGRAM IN A VALUES-BASED LEARNING COMMUNITY. 0 0 4567239 82758 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 FAR EXCEED STATE AND DISTRICT AVERAGES. GRADUATION RATE IS NEARLY 100%, WITH OVER 70% OF THOSE GRADUATES ACCEPTTED 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. 4029791 19081 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 WAITTING LIST OF OVER 250 STUDENTS. 2262404 1641 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 APPROXIMATEDLY 230, WITH A LONG WAITTING 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. 2206601 208323 VALUES SCHOOLS OPERATES UNIVERSITY PREPARATORY VALUE HIGH SCHOOL, APUBLIC CHARTER SCHOOL THAT WILL ULTIMATELY SERVE 480 STUDENTS IN GRADES9-12, MORE THAN 90% OF THEM FROM LOW INCOME FAMILIES. NOW IN ITSTHIRD YEAR OF OPERATIONS, UNIVERSITY PREP VALUE HAS AN ENROLLMENT OF340 IN ITS FRESHMAN, SOPHOMORE AND JUNIOR CLASSES. THE SCHOOL MOVEDINTO ITS PERMANENT SITE IN THE PICO-UNION NEIGHBORHOOD JUST PRIOR TOTHE START OF THE FY17-18 SCHOOL YEAR, ALLOWING IT TO GROW TO ITSPROJECTED ENROLLMENT OF 480 IN THE FY18-19 SCHOOL YEAR. ALONG WITH ARIGOROUS COMMON CORE EDUCATIONAL PROGRAM TO PREPARE HIGH SCHOOLSTUDENTS TO GAIN ADMISSIONS TO HIGH QUALITY UNIVERSITIES AND TO PERSISTAND THRIVE IN HIGHER EDUCATION, THE SCHOOLS OFFERS A TEAM SPORTSPROGRAM AND A WIDE RANGE OF CLUBS. 1048524 41470 VALUE SCHOOLS OPERATES FOUR PUBLIC CHARTER SCHOOLS. 3255125 249793 14114559 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 72 0 1 201 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 0 0 0 1 1 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 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 GERALDINE JACOBY PRESIDENT/CEO 40.00 1.00 X 154540 0 23844 RHONDA HOFFARTH BUSINESS MANAGER 40.00 1.00 X 107048 0 15555 DAVID DOYLE PRINCIPAL 40.00 X 123752 0 11629 CHRISTOPHER MEDINGER PRINCIPAL 40.00 X 116698 0 18617 ALVIN LAMARRE TEACHER 40.00 X 113249 0 18356 ANA CHAVEZ PRINCIPAL 40.00 X 113175 0 18299 JOAQUIN ARROYO PRINCIPAL 40.00 X 109002 0 20693 837464 0 126993 7 0 1 0 BYZANTINE LLC 965 VENICE BLVD LOS ANGELES CA 90015 RENT 314269 700 WILSHIRE PROPERTIES 611 WILSHIRE BLVD LOS ANGELES CA 90017 RENT 204084 2 18226908 234159 18461067 FOOD SERVICE SALES 900099 21873 21873 21873 MISC. REVENUE 900099 331400 331400 331400 18814340 353273 0 0 X 318690 280447 38243 7620741 6546585 1074156 937352 805484 131868 1109737 953771 155966 255459 219640 35819 70232 46199 24033 90555 90555 2109633 1387715 721918 23506 15462 8044 609778 401112 208666 95493 62815 32678 2119178 1393994 725184 27106 17830 9276 85144 56008 29136 1795 1181 614 51559 33915 17644 110278 72541 37737 INSTRUCTIONAL MATERIALS 1671327 1671327 225807 148533 65786 11488 17533370 14114559 3407323 11488 3790588 4347990 1548764 1930112 71698 143285 294851 283143 562043 74151 441095 487892 113835 149168 6260831 7341590 646707 432909 8584 450002 350006 814384 936551 1919677 1719466 X 3732185 5080183 608969 541941 4341154 5622124 6260831 7341590 1280970 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 460820 51775 409045 101223 22376 78847 487892 DEFERRED RENT 936551 936551 X 18814340 0 18814340 0 18814340 17533370 0 17533370 0 17533370 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 1 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 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 50000 39600 10400 50000 39600 10400 X X X X X 0 0 0 0 0 0 0 0 0 GERALDINE JACOBY PRESIDENT/CEO 154540 0 0 0 0 0 15039 0 8805 0 178384 0 0 0 JUDITH MCKENNA JUDITH MCKENNA IS THE SISTER OF GERALDINE JACOBY, CEO 39600 JUDITH MCKENNA PROVIDED GRANT WRITING SERVICES TO THE ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS FOR VALUE SCHOOLS CHANGED SO THAT THE VALUE SCHOOLS BOARD NOW ELECTS/APPOINTS THE FOUNDATION 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 781,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 781,679. SPECIAL EDUCATION CONTRACT INSTRUCTORS: PROGRAM SERVICE EXPENSES 548,047. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 548,047. ALL OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 57,989. MANAGEMENT AND GENERAL EXPENSES 721,918. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 779,907. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. 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 0 0 1 0 1 0 0 VALUE SCHOOLS FOUNDATION K 1498002 ACTUAL AMOUNT PAID