2012-09-20T13:57:25-05:00 2012-06-30 952242818 VICENTI LLOYD & STUTZMAN LLP 2210 E ROUTE 66 SUITE 100 GLENDORA CA 91740 990 2011-07-01 061629227 DISCOVERY CHARTER PREPARATORY SCHOOL DISC 8188971187 12550 VAN NUYS BLVD PACOIMA CA 91331 CLAUDIA FLORES 8188971044 2012-09-17 1 WADE MCMULLEN P00541671 6268577300 2011 2016-02-24 21:20:13Z CLAUDIA FLORES 12550 VAN NUYS BLVD PACOIMA CA 91331 3201163 0 X WWW.DISCOVERYPREP.ORG X 2003 CA OPERATES AS A CALIFORNIA CHARTER SCHOOL. 5 5 47 0 0 0 3443328 3200883 0 0 0 0 1562 280 3444890 3201163 0 0 0 0 1898285 1947555 0 0 0 1115114 1100362 3013399 3047917 431491 153246 1879763 1978363 211716 157070 1668047 1821293 TO PROVIDE ITS STUDENTS WITH THE NECESSARY SKILLS AND SUPPORT SO THAT EVERY STUDENT IS PREPARED TO ATTEND COLLEGE UPON GRADUATION FROM HIGH SCHOOL 0 0 2170735 280 A CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. 2170735 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 47 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X SHERYL SCHUBERT 8188971044 12550 VAN NUYS BLVD PACOIMA CA 91331 CLAUDIA FLORES 2.00 X X 0 0 0 JAS DHILLON 2.00 X X 0 0 0 LORI BROGIN 2.00 X X 0 0 0 JULIAN ALMARAZ 2.00 X X 0 0 0 JIM STRICKLAND 2.00 X 0 0 0 KAREN SMITH 40.00 X 86229 0 4969 SHERYL SCHUBERT 40.00 X 77066 0 11144 163295 0 16113 0 0 0 0 0 3199704 1179 3200883 OTHER REVENUE 900099 280 280 280 3201163 280 0 0 200365 101135 99230 1444980 954407 490573 281127 198855 82272 21083 16052 5031 29744 29744 22180 22180 184721 184721 2000 2000 35799 35799 52201 52201 302723 248307 54416 2398 2398 57 57 60377 60377 55880 55880 BOOKS AND CURRICULUM MA 155525 155525 FOOD SERVICES 142333 142333 ALL OTHER EXPENSES 31320 31320 OVERSIGHT FEES 23104 23104 3047917 2170735 877182 0 369678 531035 826080 800424 917813 270909 684005 646904 1879763 1978363 211716 157070 211716 157070 X 1666847 1821130 1200 163 1668047 1821293 1879763 1978363 153246 0 X 0 1 1 X 1 1 X 878551 232641 645910 39262 38268 994 646904 3201163 3047917 153246 153246 3201163 0 3201163 0 3201163 3047917 0 3047917 0 3047917 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 (>50%) 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 STATUE 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 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICY IS POSTED ON THE SCHOOL WEBSITE HOME PAGE, ADMISSION PAGE, AND ON VARIOUS SCHOOL PUBLICATIONS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 DISCOVERY CHARTER PREPARATORY SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION B, LINE 11 THE CHIEF FINANCIAL OFFICER REVIEWS THE DRAFT OF THE FROM 990, DISCUSSES IT WITH THE OUTSIDE PREPARER AND REQUESTS ADJUSTMENTS/CORRECTIONS, IF NECESSARY. THE DRAFT IS THEN SENT TO THE MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE NEXT SCHEDULED BOARD MEETING FOR REVIEW. THE DRAFT IS THEN PRESENTED AT THE BOARD MEETING FOR DISCUSSION AND QUESTIONS. THE BOARD OF DIRECTORS WILL THEN APPROVE THE RETURN AS PRESENTED OR WITH SPECIFIED ADJUSTMENTS/CORRECTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS, DIRECTORS, AND TRUSTEES ALL SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW OF THE POSITIONS OF PRINCIPAL AND CHIEF FINANCIAL OFFICER. BASED ON COMPARABILITY DATA AND PERFORMANCE RATING, SALARIES ARE SET AND APPROVED PRIOR TO THE BEGINNING OF EACH SCHOOL YEAR. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL PROVIDES A COPY OF THE 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.