2026-05-13T16:31:39-04:00 2025-06-30 COACHELLA VALLEY ACCOUNTING & AUDITING 43675 ALBA CT LA QUINTA CA 92253 990 2024-07-01 952133079 THE PALM VALLEY SCHOOL PALM 7603280861 35525 DA VALL DR RANCHO MIRAGE CA 922701822 VICENTE FUENTES CFO 7603280861 2026-05-13 true false ANDREA L OLIVERI P01890398 4423250089 2026-05-13 2024 2025-03-06 01:10:19Z JUDITH ARNSTEIN 35525 DA VALL DR RANCHO MIRAGE CA 92270 6793534 false X WWW.PVS.ORG X 2000 CA PALM VALLEY SCHOOL IS AN EXCEPTIONAL LEARNING COMMUNITY THAT EDUCATES, NURTURES, AND CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE AND CONTRIBUTE TO OUR GLOBAL SECURITY. 9 9 96 40 0 141347 94090 7395829 6410217 53472 19631 142601 231591 7733249 6755529 1000125 976898 0 4744995 4652525 0 46526 2685417 2485457 8430537 8114880 -697288 -1359351 12681291 13893410 7626522 10177891 5054769 3715519 PALM VALLEY SCHOOL IS AN EXCEPTIONAL LEARNING COMMUNITY THAT EDUCATES, NURTURES, AND CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE AND CONTRIBUTE TO OUR GLOBAL SOCIETY. false false 6214681 976898 EDUCATIONAL PROGRAMS BENEFITTING PRIMARY AND SECONDARY GRADE LEVEL STUDENTS OF ANY RACE, CREED, OR COLOR. 6214681 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 19 0 96 true false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false false true true true true false true true false CA X VINCENTE FUENTES 7603280861 35525 DA VALL DR RANCHO MIRAGE CA 92270 STEVEN SHERMAN CEO- FORMER 40.00 X 324562 0 10000 PAUL LEWIN DEVELOPMENT 40.00 X 112609 0 1041 VICENTE FUENTES CFO 40.00 X 51201 0 1166 JUDITH ARNSTEIN NEW HEAD OF 40.00 X 26322 0 0 SARAH DUNN CHAIR 5.00 X X 0 0 0 KEVIN DORAN VICE-CHAIR 5.00 X X 0 0 0 GARRETT FALZONE TREASURER 5.00 X X 0 0 0 SARA ROUCHE SECRETARY 5.00 X X 0 0 0 BRIANA JORDAN EMERITUS MEM 5.00 X 0 0 0 STONE JAMES MEMBER 5.00 X 0 0 0 NATHAN OTTO MEMBER 5.00 X 0 0 0 PAUL ANTLE MEMBER 5.00 X 0 0 0 ELIZABETH RICHARDSON MEMBER 5.00 X 0 0 0 514694 12207 2 true true false 12421 81669 94090 TUITION & FEES 6296052 6296052 AUXILIARY SERVICES 90469 90469 TUITION INTEREST INCOME 23696 23696 6410217 19631 19631 6800 6800 6800 6800 166734 12421 38005 128729 MISCELLANEOUS INCOME 611710 77085 77085 BD RECOVERY & FORFEITURE 611710 14657 14657 YEAR BOOKS & FIELD TRIPS 611710 4320 4320 96062 6755529 6506279 26431 976898 976898 3844876 2883659 922768 38449 517040 387780 124089 5171 290609 217957 69746 2906 40843 40843 17900 17900 112681 112681 36338 36338 44339 33254 11085 354788 266091 88697 232570 174428 58142 602793 452095 150698 192685 173416 19269 REPAIRS & MAINTENANCE 173897 130423 43474 OVERHEAD 166180 83090 83090 BOOKS & INSTRUCTIONAL MAT 102450 102450 AGENCY EXPENSE 80184 80184 327809 252956 74853 8114880 6214681 1853673 46526 1871047 947969 2598285 40197 4353 25882363 15950047 10519670 9932316 250377 410487 12681291 13893410 236440 502937 1763267 4212715 5347087 5346690 279728 115549 7626522 10177891 X 5054769 3647228 68291 5054769 3715519 12681291 13893410 X -1359351 20101 X false true X true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 80995 80995 168192 87197 80995 168192 168192 168031 161 168192 138758 29273 168031 false false 1281463 1281463 255237 42905 212332 147492 49202 98290 24198171 15857940 8340231 9932316 RIGHT OF USE LIABILITY 115549 115549 X 5836737 20101 -938893 -918792 6755529 6755529 7175987 -938893 -938893 8114880 8114880 SCHEDULE D, PAGE 3, PART X SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS NOT ENGAGED IN ANY ACTIVITIES SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME; THEREFORE, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. THE SCHOOL'S POLICY IS TO RECORD INCOME TAX RELATED INTEREST AND PENALTIES IN OPERATING EXPENSES. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THERE WAS NO INCOME TAX RELATED INTEREST OR PENALTIES EXPENSE RECORDED AND NO ACCRUED INTEREST AND PENALTIES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOLS ANNUAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER FILED. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. SCHEDULE D, PAGE 4, PART XI, LINE 2D SCHOLARSHIPS/TUITION DISCOUNTS -976,898 SPECIAL EVENT DIRECT EXPENSES 38,005 SCHEDULE D, PAGE 4, PART XII, LINE 2D SCHOLARSHIPS/TUITION DISCOUNTS -976,898 SPECIAL EVENT DIRECT EXPENSES 38,005 true true true true true true true false false false false false false false false false false true ANNUAL GALA 179155 12421 166734 38005 179155 12421 166734 38005 38005 128729 false SCHOLARSHIPS 86 181868 TUITION DISCOUNTS 108 795030 true false false false false false false false false STEVEN SHERMAN CEO- FORMER 324562 10000 334562 FORM 990, PAGE 6, PART VI, LINE 11B ANNUAL BOARD MEETING DISCUSSION. FORM 990, PAGE 6, PART VI, LINE 12C DISCLOSURE FORM IS COMPLETED ANNUALLY BY BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE REVIEWS THE HEADMASTER'S CONTRACT WITH COMPARATIVE DATA FROM OTHER INDEPENDENT SCHOOLS AS REPORTED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AS WELL AS NATIONAL AND LOCAL DATA FROM SIMILAR INSTITUTIONS. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION COMMITTEE REVIEWS THE EMPLOYEE CONTRACTS WITH COMPARATIVE DATA FROM OTHER INDEPENDENT SCHOOLS AS REPORTED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AS WELL AS NATIONAL AND LOCAL DATA FROM SIMILAR INSTITUTIONS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST TO THE HEADMASTER OR THE BUSINESS MANAGER THROUGH THE SCHOOL'S ADMINISTRATIVE OFFICE. COPIES OF THE FILED FORM 990 TAX RETURNS ARE AVAILABLE ON THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9 SCHOLARSHIPS/TUITION DISCOUNTS -976,898 SPECIAL EVENT DIRECT EXPENSES 38,005 SCHOLARSHIPS/TUITION DISCOUNTS 976,898 SPECIAL EVENT DIRECT EXPENSES -38,005