2016-05-16T18:16:30-05:00 2015-06-30 951777440 GREEN HASSON & JANKS LLP 10990 WILSHIRE BLVD 16TH FLOOR LOS ANGELES CA 900243929 990 2014-07-01 954813155 VALUE SCHOOLS VALU 2133888695 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 GERALDINE JACOBY PRESIDENT/CEO 2133888695 2016-05-13 1 LAUREN A HAVERLOCK P00545829 3108731600 2014 2016-08-17 19:52:53Z GERALDINE JACOBY 680 WILSHIRE PLACE NO 315 LOS ANGELES CA 90005 12584271 0 X WWW.VALUESCHOOLS.COM X 2000 CA VALUE SCHOOLS OPERATES THREE CHARTER SCHOOLS IN HIGH POVERTY NEIGHBORHOODS IN LOS ANGELES. 5 5 105 300 0 0 8687780 11892934 546118 625964 7878 1877 141335 63496 9383111 12584271 2508648 0 0 0 5761355 7044508 0 34400 56900 3501203 4876243 11771206 11955151 -2388095 629120 2927130 3221787 1611101 1276638 1316029 1945149 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 4129137 211336 VALUE SCHOOLS OPERATES CENTRAL CITY VALUE HIGH SCHOOL, A PUBLIC CHARTER SCHOOL EDUCATING STUDENTS IN GRADES 9-12. CURRENTLY ONE OF THE TOP PERFORMING HIGH SCHOOLS IN THE AREA, IN 2015 CENTRAL CITY GRADUATED 99% OF ITS SENIORS, AND SENT OVER 63% TO FOUR YEAR COLLEGES OR UNIVERSITIES. WITH A STRONG SPORTS PROGRAM AND MANY ACTIVE ON-CAMPUS CLUBS, STUDENTS HAVE MULTIPLE OPPORTUNITIES TO DEVELOP LEADERSHIP SKILLS AND PERSONAL INTERESTS. APPROXIMATELY 93% OF CENTRAL CITY'S 470 STUDENTS QUALIFY FOR FREE OR REDUCED PRICED MEALS, A STRONG INDICATOR OF LOW INCOME STATUS. 4528798 309860 VALUE SCHOOLS OPERATES DOWNTOWN VALUE SCHOOL, A PUBLIC K-8 CHARTER SCHOOL. WITH THE MOST RECENT API (ACADEMIC PERFORMANCE INDEX) OF 838, A DEDICATED FACULTY AND STRONG PARENT INVOLVEMENT, DOWNTOWN VALUE IS ONE OF THE LEADING ELEMENTARY AND MIDDLE SCHOOLS IN THE AREA. SERVING MOSTLY LATINO FAMILIES IN THE PICO UNION AREA OF LOS ANGELES, DOWNTOWN VALUE HAS A WAITING LIST OF OVER 250 STUDENTS. THE MAJORITY OF THE SCHOOL'S GRADUATING EIGHTH GRADERS IS CHOOSING A VALUE SCHOOLS HIGH SCHOOL TO ATTEND IN THEIR NINTH GRADE YEAR. 1990292 104768 VALUE SCHOOLS OPERATES EVEREST VALUE SCHOOL, A PUBLIC K-8 CHARTER SCHOOL. OPENING ITS DOORS IN AUGUST, 2014 IN A TEMPORARY CHURCH-BASED FACILITY IN THE KOREATOWN NEIGHBORHOOD OF LOS ANGELES, EVEREST REACHED ITS CAPACITY OF 175 STUDENTS BY OCTOBER, AND HAS ALREADY ESTABLISHED A WAITING LIST OF INTERESTED FAMILIES. THE MAJORITY OF THE SCHOOL'S GRADUATING EIGHTH GRADERS IS CHOOSING A VALUE SCHOOLS HIGH SCHOOL TO ATTEND IN THEIR NINTH GRADE YEAR. EVEN IN ITS FIRST YEAR OF OPERATION, EVEREST VALUE SCHOOL OFFERED A MUSIC PROGRAM, A "CHALLENGE CLASS" FOR HIGH ACADEMIC ACHIEVERS, A ROBUST AFTERSCHOOL PROGRAM FOCUSING ON LEADERSHIP, SOCIAL SKILLS, AND ATHLETICS. 10648227 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 0 0 0 1 20 0 1 105 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 CA X RHONDA HOFFARTH 2133888695 680 WILSHIRE PLACE SUITE 315 LOS ANGELES CA 90005 GRANT CAMBRIDGE CHAIRMAN 2.00 2.00 X X 0 0 0 JODY FOLDESY DIRECTOR 2.00 2.00 X 0 0 0 MARIA AHUMADA DIRECTOR 2.00 0.00 X 0 0 0 JEFFREY GARCIA DIRECTOR 2.00 0.00 X 0 0 0 SYLVIA ALDANA DIRECTOR 2.00 0.00 X 0 0 0 GERALDINE JACOBY CEO 40.00 1.00 X 135827 0 19668 RHONDA HOFFARTH SECRETARY & TREASURER (AS OF 12/14) 40.00 1.00 X 8333 0 1192 HOWARD CAPLAN LEFT 0315 CFO 40.00 X 106906 0 20299 DAVID DOYLE PRINCIPAL 40.00 X 121722 0 19256 ANA CHAVEZ PRINCIPAL 40.00 X 115339 0 16345 JOAQUIN ARROYO PRINCIPAL 40.00 X 100311 0 17371 588438 0 94131 5 0 1 0 0 11497985 394949 11892934 NUTRITION PROGRAM REVENUE 900099 625964 625964 625964 1877 1877 MISCELLANEOUS REVENUE 900099 63496 63496 63496 12584271 625964 0 65373 231059 215322 15737 5452504 5092583 337421 22500 401983 369205 32778 788398 724111 64287 170564 153084 17480 25679 25679 36041 36041 34400 34400 236740 1112 235628 710932 643205 67727 1556341 1388276 168065 49615 47025 2590 3699 3699 3670 3670 149973 36167 113806 MEAL DELIVERY 714981 714981 SPECIAL EDUCATION 652206 652206 SUBSTITUTES 160538 160538 AFTERSCHOOL PROGRAM 102749 102749 473079 347663 125416 11955151 10648227 1250024 56900 692759 1563073 1421429 1212357 758008 71698 54934 233683 46598 13457 0 33141 0 107835 2927130 3221787 867949 385874 233595 743152 657169 1611101 1276638 X 1261108 1869440 54921 75709 1316029 1945149 2927130 3221787 629120 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45673 13457 32216 925 925 33141 DEFERRED RENT 657169 657169 12584271 0 12584271 0 12584271 11955151 0 11955151 0 11955151 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 CENTRAL CITY VALUE SCHOOL, DOWNTOWN VALUE SCHOOL, AND EVEREST VALUE SCHOOL ARE 99% MINORITIES. SCHEDULE E, PART I, LINE 6 VALUE SCHOOLS RECEIVES GRANTS FROM THE U.S DEPARTMENT OF EDUCATION AND THE U.S. DEPARTMENT OF AGRICULTURE. X X X X 1 JUDITH MCKENNA 680 WILSHIRE PLACE 315 LOS ANGELES CA 90005 GRANT WRITER 0 1290000 34400 1255600 1290000 34400 1255600 CA X X X X X 1 0 0 0 0 0 0 0 0 GERALDINE JACOBY CEO 135827 0 0 0 0 0 11953 0 7715 0 155495 0 0 0 PART I, LINE 4A HOWARD CAPLAN, CFO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $17,067. JUDITH MCKENNA JUDITH MCKENNA IS THE SISTER OF GERALDINE JACOBY, CEO. 34400 JUDITH MCKENNA PROVIDED GRANT WRITING SERVICES TO THE ORGANIZATION. 0 FORM 990, PART VI, SECTION B, LINE 11 THE CEO REVIEWS THE FORM 990. A COPY IS THEN DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION IS IN THE PROCESS OF IMPLEMENTING A CONFLICT OF INTEREST POLICY. 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 FORM 990'S 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 CORPORATE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. 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 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0