2016-05-13T18:35:59-05:00 2015-06-30 954557617 Harrington Group CPAs LLP 234 East Colorado Blvd Suite M150 Pasadena CA 91101 990 2014-07-01 954869859 The Waverly School WAVE 6267925940 67 West Bellevue Drive Pasadena CA 91105 Heidi Johnson Head of School 6267925940 2016-05-13 1 Tonetta L Conner CPA P01775198 6264036801 2014 2016-08-17 19:52:53Z Heidi Johnson 67 West Bellevue Drive Pasadena CA 91105 5584707 0 X www.thewaverlyschool.org X 2001 CA To educate children from kindergarten to twelfth grade. 19 18 75 0 0 0 379466 388910 4730280 4988683 143 321 237567 146529 5347456 5524443 0 0 0 0 3543277 3653214 0 0 0 1752865 1825457 5296142 5478671 51314 45772 5361399 5647592 4327698 4568119 1033701 1079473 X The Waverly school is a nonsectarian, coeducational, college preparatory progressive day school that spans young kindergarten through high school. Waverly is fully accredited by the Western Association of School and Colleges and the California Association of Independent Schools. The school promotes, confident, curious, resourceful learners who demonstrate intellectual engagement, critical and creative thinking, respect for individual differences, and a strong sense of personal and social responsibility. 0 0 4885517 4988683 The Waverly School is a non-profit, educational institution, serving children from young kindergarten through twelfth grade. The current whole school enrollment is 323 students. Families who chose The Waverly School come from diverse backgrounds in terms of their ethnicity, culture, socioeconomic status, profession and educational attainment level. 4885517 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 75 1 0 0 0 0 0 1 1 0 1 0 0 X 19 18 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X The Waverly School 6267925940 67 West Bellevue Drive Pasadena CA 91105 Heidi Johnson Head of School 50.00 X X 187748 0 20320 Michael Alvarez Chairman 2.00 X X 0 0 0 Brence Culp Co-Chiar; Finance 2.00 X X 0 0 0 Max Darnell Vice Chair 2.00 X X 0 0 0 Joanne Toll Co-Chiar; Finance 2.00 X X 0 0 0 Tammy Darnell Board member 2.00 X 0 0 0 Jason Gottlieb Assistant Head of School 2.00 X 0 0 0 Ellen Greenstone Audit Chair 2.00 X X 0 0 0 Michael Higgins Board member 2.00 X 0 0 0 John Juarez Board member 2.00 X 0 0 0 Pat Leawprasert Board member 2.00 X 0 0 0 Debbie Lennon Board member 2.00 X 0 0 0 Wendy Lopata Board member 2.00 X 0 0 0 Jingbo Lou Board member 2.00 X 0 0 0 Charles Loveman Board member 2.00 X 0 0 0 Ashley Postlewaite Board member 2.00 X 0 0 0 Emily Stadnicki Board member 2.00 X 0 0 0 Rick Sternfeld Board member 2.00 X 0 0 0 Mark Woodsmall Board member 2.00 X 0 0 0 Tracey Fiss Director 40.00 X 66623 0 8568 254371 0 28888 1 0 1 0 0 133221 255689 388910 Tuition Fees 611600 4348408 4348408 Enrollment Fees 611600 435407 435407 Summer Art camp 611710 69775 69775 Service Fees 611710 62129 62129 Application/New Family 611710 57275 57275 15689 15689 4988683 321 321 60264 133221 60264 0 Field Trips 900099 102483 102483 Sports 900099 17997 17997 Summer School 900099 17987 17987 8062 8062 146529 5524443 4988683 0 146850 299126 288357 10769 2717495 2512171 205324 136264 126453 9811 265738 245574 20164 234591 217705 16886 8654 8654 31413 31413 72285 72285 2715 2520 195 101174 93892 7282 642722 596460 46262 336 312 24 10953 10165 788 130175 130175 123838 114924 8914 85937 79751 6186 Program expenses 343838 343838 Repairs and maintenance 95473 88601 6872 Bank charges and fees 62205 57728 4477 Contract labor 56077 52041 4036 57662 55025 2637 5478671 4885517 593154 0 1160641 1543339 14787 15979 154625 121625 11015 59309 41590 49311 5091127 1253829 3957992 3837298 20749 20731 5361399 5647592 244700 265326 1615234 1893066 2467764 2409727 4327698 4568119 X 879076 957848 154625 121625 1033701 1079473 5361399 5647592 45772 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1440000 1440000 2741136 551536 2189600 425168 257883 167285 265929 233093 32836 218894 211317 7577 3837298 X 5524443 0 5524443 0 5524443 5478671 0 5478671 0 5478671 Part X, Line 2: Waverly is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles 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 that all of the positions taken by Waverly in their federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Waverly's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed. 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 Waverly school celebrates diversity and fosters an atmosphere of mutual respect. The school seeks to reflect the diverse racial, ethnic, social and economic backgrounds of our community throughout all three schools. Families who choose The Waverly School for their children come from diverse backgrounds professionally, academically, socially, economically, racially and ethnically. The Student Non-Discriminatory Policy is published each year in the Los Angeles times; as well as in our admissions materials and on our Web site. Pizza 48700 24937 23763 23763 Silent Auction 69341 51696 17645 17645 4 75444 56588 18856 18856 193485 133221 60264 60264 60264 0 X X X 0 0 0 0 0 0 0 0 0 Heidi Johnson Head of School 187748 0 0 0 0 0 0 0 20320 0 208068 0 0 0 Form 990, Part VI, Section A, line 2 Heidi Johnson, Head of School is married to Dan Bowen, High School History Teacher - Family relationship. Form 990, Part VI, Section A, line 7a The Board of Directors chooses new board members. Form 990, Part VI, Section B, line 11 The Board's Treasurer is responsible for reviewing the draft information returns with the Head of School and the preparer prior to filing. A copy of the Form 990 is provided to all Board Members before filing. The Finance Committee reviews the return in detail at its next regularly scheduled meeting, either before or after filing. The Treasurer signs the Form 990. Form 990, Part VI, Section B, line 12c The Trustees complete an extensive Board Orientation, including training from the Waverly Board Guidebook that defines how the Board discloses and manages possible or actual Conflict of Interest. At the first board meeting of the year in September, a review of the Conflict of Interest policy from the Board Handbook is discussed and an acknowledgment is then issued to each board member for their signature to confirm they have reviewed and that they understand the policy. This is done on an annual basis. Form 990, Part VI, Section B, line 15a The Head of School (Chief Executive's) compensation is determined by a review of the Board's Compensation Committee. The review is done using comparability data for similar organizations. This data is comprised of compensation information obtained via review of publicly available documents for Heads of School for non-profit schools in the San Gabriel Valley and adjacent locations in the San Fernando Valley. The recommendations of the Compensation Committee is reviewed and approved by the Board of Directors in an Executive Session which excluded the Head of School. The Head of School is not present for deliberations or for the vote. Contemporaneous documentation of the deliberation and decision is maintained as part of the Board's minutes of its executive session. 15(b) is marked NO as there are no key employees that meet the IRS definition. Form 990, Part VI, Section C, line 19 The governing documents, financial statements and tax returns are available upon request at the school during normal business hours.