2024-05-13T14:20:25-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-07-01 952084858 THE LAURENCE SCHOOL LAUR 8187824001 13639 VICTORY BOULEVARD VAN NUYS CA 91401 LAUREN WOLKE HEAD OF SCHOOL 8187824001 2024-05-03 1 LAUREN WOLKE 999009999 0 LISA N RYSSEL CPA P00643670 7149781300 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAUREN WOLKE 13639 VICTORY BOULEVARD VAN NUYS CA 91401 29336963 0 X WWW.LAURENCESCHOOL.COM X 1953 CA LAURENCE'S PURPOSE IS TO DEVELOP THE UNIQUE ABILITIES AND POTENTIAL OF EACH OF ITS STUDENTS. 24 24 98 100 0 0 1934347 2005682 13392738 14176386 926755 539690 226026 352810 16479866 17074568 873115 863518 0 0 8639007 9649710 0 0 402470 5111036 6076785 14623158 16590013 1856708 484555 46442312 50382531 13859079 16477330 32583233 33905201 X LAURENCE ENDEAVORS TO DEVELOP THE UNIQUE ABILITIES AND POTENTIAL OF EACH OF ITS STUDENTS IN A DIVERSE, INCLUSIVE AND SUPPORTIVE LEARNING COMMUNITY, WHERE RICH TRADITIONS AND AN INNOVATIVE CURRICULUM FOSTER EDUCATIONAL EXCELLENCE AND JOY IN LEARNING, PRIDE IN ONESELF, INTEGRITY, MUTUAL RESPECT AND A COMMITMENT TO THE "TOTAL CHILD." 0 0 12139060 828474 12968955 DURING 22-23, LAURENCE PROVIDED QUALITY EDUCATION TO APPROXIMATELY 353 DAY STUDENTS IN KINDERGARTEN THROUGH GRADE 6. 311634 22410 638756 DURING 22-23, LAURENCE PROVIDED SUMMER ACADEMIC, DRAMA, ART, ATHLETIC CLASSES AND PLAYGROUND ACTIVITES WITH AN AVERAGE ENROLLMENT OF 834 STUDENTS AND COUNSELOR-IN-TRAININGS PER WEEK. 218857 12634 568675 DURING 22-23 LAURENCE PROVIDED AFTER SCHOOL ACADEMIC, DRAMA, ART ATHLETIC CLASSES AND PROGRAMS WITH AROUND 521 SESSION ENROLLMENTS. 12669551 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 55 0 1 98 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X SHAWN SHAHMIRI 8187824001 13639 VICTORY BOULEVARD VAN NUYS CA 91401 LIFRAK MICHAEL CHAIR 10.00 X X 0 0 0 BOWEN JULIE SECRETARY 5.00 X X 0 0 0 BLUMENTHAL JAKE TREASURER 5.00 X X 0 0 0 BARNUM TERRENCE TRUSTEE 2.00 X 0 0 0 GALSTIAN ALVIN TRUSTEE 2.00 X 0 0 0 FRIEDEL LOUIS TRUSTEE 2.00 X 0 0 0 HUBERTS JEFF TRUSTEE 2.00 X 0 0 0 JONES CHRIS TRUSTEE 2.00 X 0 0 0 KENNEDY KERRY TRUSTEE 2.00 X 0 0 0 KHALATIAN EDGAR TRUSTEE 2.00 X 0 0 0 LANE DARRELL TRUSTEE 2.00 X 0 0 0 LEE BOBBY TRUSTEE 2.00 X 0 0 0 LYNCH KELLY TRUSTEE 2.00 X 0 0 0 POWER CHANNING TRUSTEE 2.00 X 0 0 0 SERRATORE STEVEN TRUSTEE 2.00 X 0 0 0 SHAPIRO PJ TRUSTEE 2.00 X 0 0 0 STONE LISA TRUSTEE 2.00 X 0 0 0 VASAN SHEILA TRUSTEE 2.00 X 0 0 0 WALTER GOLDSMITH SHARON TRUSTEE 2.00 X 0 0 0 WEINSTEIN JILLIAN TRUSTEE 2.00 X 0 0 0 WONG DENISE TRUSTEE 2.00 X 0 0 0 SCHWARTZ-MENDELSOHN STEFANIE TRUSTEE 2.00 X 0 0 0 SAFOIAN LANA TRUSTEE 2.00 X 0 0 0 SANDS PRISCILLA TRUSTEE 2.00 X 0 0 0 WOLKE LAUREN HEAD OF SCHOOL 40.00 X 485787 0 38020 SHAHMIRI SHAHRIAR CHIEF FINANCIAL OFFICER 40.00 X 232596 0 14908 STERN GARY COO 40.00 X 249001 0 26781 RIOS CHRISTINA TEACHER 40.00 X 116405 0 11343 RIFKIN GINA IT ADMINISTRATOR 40.00 X 126724 0 19443 SILVERMAN ELIZABETH PRINCIPAL 40.00 X 159653 0 23547 REDMOND RONALD ATHLETIC DIRECTOR 40.00 X 153003 0 14312 1523169 0 148354 22 0 1 0 FRANKLIN GLOBAL 200 S WILCOX STREET SUITE 320 CASTLE ROCK CO 80104 SECURITY SERVICE 845950 TUMBLEWEED TRANSPORTATION PO BOX 49291 LOS ANGELES CA 90049 SCHOOL BUS SERVICES 353660 PARALLAX ASSOCIATES 5765 UPLANDER WAY CULVER CITY CA 90230 ARCHITECT/CONSTRUCTION 213416 CREATIVE FORESEIGHT 607 BARRINGTON DRIVE FRANKLIN TN 37067 IT SERVICE 115751 PACIFIC PLATINUM SERVICES INC 4316 CRABAPPLE COURT MOORPARK CA 93021 JANITORIAL SERVICES 115238 5 6142 1999540 163256 2005682 TUITION AND FEES 611710 12968955 12968955 SUMMER SCHOOL 611710 638756 638756 AFTER SCHOOL CLASS 611710 546465 546465 AFTER SCHOOL CARE 611710 22210 22210 14176386 338429 338429 331395 375057 -43662 -43662 -43662 11649346 11448085 201261 201261 201261 752082 6142 375817 376265 376265 35239 63436 -28197 -28197 OTHER INCOME 611710 48404 48404 48404 17074568 14176386 0 892500 863518 863518 815412 27439 733095 54878 7245330 6108399 943485 193446 394417 350749 36027 7641 624482 518839 92895 12748 570069 456055 96912 17102 35836 206 35424 206 17822 17822 39330 39330 102796 102796 1034667 811194 203157 20316 9056 9056 362934 210606 122924 29404 115954 98163 17250 541 1922349 1502482 405809 14058 96138 93458 2680 25996 14398 11598 274882 219906 54976 1042603 875787 156390 10426 TUITION REMISSION 244300 122150 122150 TEXTBOOKS 100920 100920 SCHOOL APPAREL 63436 63436 DEBT ISSUE COST 16041 13475 2406 160 571725 218371 311810 41544 16590013 12669551 3517992 402470 4340190 340913 1349451 2359699 549174 89575 145711 64765 245792 270018 40559102 13609866 26947059 26949236 12864935 19082335 0 1225990 46442312 50382531 799748 1005685 2473422 3662754 10117978 9882323 467931 1926568 13859079 16477330 X 30385253 30886425 2197980 3018776 32583233 33905201 46442312 50382531 484555 837413 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1797110 430513 211691 2439314 1865155 192060 -260105 1797110 1304266 358783 266306 64200 1865155 1082759 135353 86154 1304266 921924 146443 14392 1082759 0.12562 0.70005 0.17432 0 0 963725 15180294 16144019 2648691 16324594 9809082 9164203 4536713 3800784 735929 905085 905085 26949236 CAPITAL LEASE PAYABLE 7355 OTHER LIABILITIES 217831 ACCRUED RETIREMENT BENEFITS 454933 LEASE LIABILITES 1246449 1926568 X 17381849 837413 -863518 -26105 17407954 102796 -436182 -333386 17074568 16059881 436182 436182 15623699 102796 863518 966314 16590013 PART V, LINE 4: THE JACOBSON SCHOLARSHIP FUND CONSISTS OF DONOR-RESTRICTED FUNDS TO SUPPORT THE FINANCIAL AID PROGRAM OF THE SCHOOL. THE BOARD OF TRUSTEES HAS ALSO DESIGNATED UNRESTRICTED FUNDS TO FUNCTION AS A BOARD-DESIGNATED ENDOWMENT WITH NO SPECIFIC DESIGNATION. PART X, LINE 2: THE LAURENCE SCHOOL HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 6416 WOODMAN, LLC AND SMITH FAMILY TR INCOME 4, LLC ARE LIMITED LIABILITY COMPANIES (LLC) AND PROVISION HAS BEEN MADE FOR STATE INCOME TAX LIABILITIES SINCE SUCH LIABILITIES ARE THE RESPONSIBILITY OF THE SCHOOL. THE LLC IS SUBJECT TO CALIFORNIA MINIMUM TAX OF $800 AND ALSO AN ANNUAL FEE WHICH IS BASED ON THE TOTAL INCOME. 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 ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -863,518. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -372,746. APPAREL EXPENSE -63,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 372,746. APPAREL EXPENSE 63,436. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 863,518. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNOUNCEMENT IS PUBLISHED ANNUALLY IN THE LOS ANGELES TIMES THAT DECLARES THE SCHOOL'S NONDISCRIMINATION POLICY. SPRING EVENT 468486 6142 462344 217025 HOLIDAY BOUTIQUE 129020 129020 105381 1 160718 160718 53411 758224 6142 752082 375817 375817 376265 1 0 0 FINANCIAL AID 35 863518 N/A N/A PART I, LINE 2: THE SCHOOL OFFERS NON-REPAYABLE FINANCIAL AID GRANTS TOWARD THE ANNUAL TUITION OF THE SCHOOL TO STUDENTS WHO QUALIFY FOR SUCH GRANTS BASED ON THEIR FAMILY'S FINANCIAL NEEDS. THE APPLICATION FOR FINANCIAL AID IS EVALUATED BY A THIRD PARTY INDEPENDENT FINANCIAL AID REVIEW AGENCY. X 0 0 X X X X X 0 0 0 0 0 0 0 1 0 WOLKE LAUREN HEAD OF SCHOOL 402850 0 82937 0 0 0 17275 0 20745 0 523807 0 0 0 STERN GARY COO 235417 0 13584 0 0 0 14556 0 12225 0 275782 0 0 0 SHAHMIRI SHAHRIAR CHIEF FINANCIAL OFFICER 207500 0 25096 0 0 0 13513 0 1395 0 247504 0 0 0 SILVERMAN ELIZABETH PRINCIPAL 151609 0 8044 0 0 0 9121 0 14426 0 183200 0 0 0 REDMOND RONALD ATHLETIC DIRECTOR 148633 0 4370 0 0 0 2700 0 11612 0 167315 0 0 0 PART I, LINE 7 NET BONUSES ARE DETERMINED AND THEN GROSSED UP TO ACCOUNT FOR THE APPLICABLE PAYROLL TAXES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-12-22 10771200 REFINANCE OUTSTANDING PROMISE. NOTE & TAX-EXEMPT LOAN WITH TAX-EXEMPT LOAN. 0 0 0 A 590150 10771200 118509 10652691 1 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 X 10 163256 MARKET PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF DONORS THAT CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY ALL BOARD MEMBERS AND FILED AFTER APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANY OFFICER, TRUSTEE/DIRECTOR, OR EMPLOYEE (INCLUDING FACULTY AND STAFF) OR COMMITTEE MEMBER SHALL MAKE A PROMPT, FULL AND FRANK DISCLOSURE OF HIS OR HER INTEREST TO THE CHAIR, BOARD OF TRUSTEES/DIRECTORS, OR RELEVANT COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BOARD OF TRUSTEES/DIRECTORS, OR ANOTHER COMMITTEE DESIGNATED BY THE FULL BOARD, OR THE HEAD OF SCHOOL IN THE CASE OF AN EMPLOYEE, TO WHICH SUCH DISCLOSURE IS MADE SHALL THEREUPON DETERMINE, CONSIDERING IN ITS OR HIS OR HER DISCRETION THE ADVICE OF LEGAL COUNSEL, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN BE CONSTRUED TO EXIST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN THE DISCUSSIONS OR DELIBERATIONS OR BOARD VOTE WITH RESPECT TO SUCH CONTRACT OR TRANSACTION. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON, AND, WHERE APPLICABLE, THE ABSTENTION FROM VOTING AND PARTICIPATION, AND WHETHER A QUORUM WAS PRESENT. CONFLICT OF INTEREST POLICY IS STATED IN THE PERSONNEL HANDBOOK FOR EMPLOYEES WHO ARE TO SIGN AN ACKNOWLEDGEMENT STATING THEY HAVE READ AND WILL COMPLY WITH THE POLICIES COVERED BY THE PERSONNEL HANDBOOK. MEMBERS OF THE BOARD OF TRUSTEES HOWEVER ARE TO SIGN AN ANNUAL DOCUMENT IDENTIFYING AND NOTIFYING THE GOVERNING BOARD OF ANY POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEE DETERMINES COMPENSATION OF THE CEO BASED ON THE DATA GATHERED FROM PROFESSIONAL SURVEY AND TRENDS (NATIONAL AND LOCAL). THEY MAKE A COMPARATIVE ANALYSIS ON THE CEO SALARY AMONGST SCHOOLS IN THE AREA WITH THE SAME NUMBER OF STUDENTS AND SAME GRADES. THEY ALSO COLLECT DATA FROM THE FORM 990 OF COMPETITIVE SCHOOLS AND DETERMINE THE COMPENSATION OF THE CEO. THE PROCESS WAS LAST CONDUCTED IN FY 2019-2020 FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL APPLIES THE SAME PROCESS IN DETERMINING THE COMPENSATION FOR THE KEY AND/OR HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE SCHOOL'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. 6416 WOODMAN LLC 13639 VICTORY BOULEVARD VAN NUYS CA 91401 474136255 ACQUIRING, OPERATING AND TRANSFERRING PROPERTY ON BEHALF OF LAURENCE SCHOOL CA 233175 90525 THE LAURENCE SCHOOL SMITH FAMILY TR INCOME 4 LLC 4348 VAN NUYS BOULEVARD 204 VAN NUYS CA 91403 874019022 ACQUIRING, OPERATING AND TRANSFERRING PROPERTY ON BEHALF OF LAURENCE SCHOOL CA 91801 89820 THE LAURENCE SCHOOL