2025-05-01T10:33:41-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 60 SOUTH MARKET STREET SUITE 1550 SAN JOSE CA 95113 990 2023-07-01 952084858 THE LAURENCE SCHOOL LAUR 8187824001 13639 VICTORY BOULEVARD VAN NUYS CA 91401 LAUREN WOLKE HEAD OF SCHOOL 8187824001 2025-04-29 1 1 SHALINI SAIDHA P01959812 4082941025 2023 2025-03-06 01:10:19Z LAUREN WOLKE 13639 VICTORY BOULEVARD VAN NUYS CA 91401 28897563 0 X WWW.LAURENCESCHOOL.COM X 1953 CA LAURENCE'S PURPOSE IS TO DEVELOP THE UNIQUE ABILITIES AND POTENTIAL OF EACH OF ITS STUDENTS. 23 23 102 50 0 0 2005682 3553195 14176386 15753180 539690 623487 352810 429554 17074568 20359416 863518 795700 0 0 9649710 10317459 0 0 380321 6076785 6906639 16590013 18019798 484555 2339618 50382531 53608085 16477330 15834924 33905201 37773161 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 12431659 763408 14555498 DURING 23-24, LAURENCE PROVIDED QUALITY EDUCATION TO APPROXIMATELY 354 DAY STUDENTS IN KINDERGARTEN THROUGH GRADE 6. 319146 20650 485163 DURING 23-24, LAURENCE PROVIDED SUMMER ACADEMIC, DRAMA, ART, ATHLETIC CLASSES AND PLAYGROUND ACTIVITES WITH AN AVERAGE ENROLLMENT OF 834 STUDENTS AND COUNSELOR-IN-TRAININGS PER WEEK. 224132 11642 712519 DURING 23-24 LAURENCE PROVIDED AFTER SCHOOL ACADEMIC, DRAMA, ART ATHLETIC CLASSES AND PROGRAMS WITH AROUND 521 SESSION ENROLLMENTS. 12974937 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 77 0 1 102 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X SHAHRIAR SHAMIRI 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 SAFOIAN LANA TRUSTEE 2.00 X 0 0 0 SANDS PRISCILLA TRUSTEE 2.00 X 0 0 0 SCHWARTZ-MENDELSOHN STEFANIE 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 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 LAUREN WOLKE HEAD OF SCHOOL 40.00 X 507433 0 47073 SHAHRIAR SHAHMIRI CHIEF FINANCIAL OFFICER 40.00 X 248249 0 21141 GARY STERN COO 40.00 X 267750 0 20820 LORELIE KAPLAN CONTROLLER 40.00 X 114568 0 26571 GINA RIFKIN CLASSROOM TEACHER 40.00 X 130449 0 20276 ELIZABETH SIVERMAN LOWER DIVISION DIRECTOR 40.00 X 165935 0 28906 RONALD REDMOND DIRECTOR OF ATHLETICS 40.00 X 163076 0 16798 1597460 0 181585 23 0 1 0 FRANKLIN GLOBAL 200 S WILCOX STREET SUITE 320 CASTLE ROCK CO 80104 SECURITY SERVICES 845950 PARALLAX ASSOCIATES 5765 UPLANDER WAY CULVER CITY CA 90230 ARCHITECT/CONSTRUCTION SERVICES 213416 CLIFTON LARSON ALLEN LLP PO BOX 31001-2443 PASADENA CA 91110 ACCOUNTING SERVICES 159128 JACKSON PAIGE INTERIORS INC 8665 HOLLOWAY PLAZA DRIVE W HOLLYWOOD CA 90069 INTERIOR DESIGN 133269 CREATIVE FORESEIGHT 607 BARRINGTON DRIVE FRANKLIN TN 37067 IT SERVICES 115751 6 45709 3507486 62884 3553195 TUITION AND FEES 611710 14555498 14555498 AFTER SCHOOL CLASS 611710 687798 687798 SUMMER SCHOOL 611710 485163 485163 AFTER SCHOOL CARE 611710 24721 24721 15753180 357704 357704 349039 349761 -722 -722 -722 7998191 7732408 265783 265783 265783 775003 45709 422940 352063 352063 24339 33038 -8699 -8699 OTHER INCOME 611710 86912 86912 86912 20359416 15753180 0 1053041 795700 795700 879870 30382 788725 60763 7645068 5892285 1571738 181045 456228 402049 45265 8914 730088 580373 135630 14085 606205 484964 103055 18186 34049 192 33665 192 4219 4219 57225 57225 118106 118106 1008866 887413 110412 11041 25157 25157 359788 246389 88671 24728 164945 136413 23814 4718 2005771 1537873 457918 9980 147836 142225 5611 64672 38161 22597 3914 284932 228588 56184 160 924182 776313 138627 9242 TUITION REMISSION 301496 150748 150748 BAD DEBT 292263 292263 TEXTBOOKS 84904 84904 SCHOOL APPAREL 33038 33038 995190 526927 434910 33353 18019798 12974937 4664540 380321 340913 1620185 2359699 3087117 89575 355161 64765 208968 270018 163720 41454136 14758916 26949236 26695220 19082335 19985376 1225990 1492338 50382531 53608085 1005685 1054692 3662754 3086975 9882323 9640677 1926568 2052580 16477330 15834924 X 30886425 32646615 3018776 5126546 33905201 37773161 50382531 53608085 2339618 1528342 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2439314 403200 308592 100000 3051106 1797110 430513 211691 2439314 1865155 192060 -260105 1797110 1304266 358783 266306 64200 1865155 1082759 135353 86154 1304266 0.11573 0.68363 0.20065 0 0 963725 15140994 16104719 2648691 16439984 10630411 8458264 4792193 4128505 663688 1468549 1468549 26695220 OTHER LIABILITIES 41811 ACCRUED RETIREMENT BENEFITS 575523 LEASE LIABILITES 1435246 2052580 X 21356751 1528342 -795700 732642 20624109 118106 -382799 -264693 20359416 17488791 382799 382799 17105992 118106 795700 913806 18019798 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 -795,700. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -349,761. COST OF GOODS SOLD -33,038. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 349,761. COST OF GOODS SOLD 33,038. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 795,700. 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 534645 45709 488936 296916 HOLIDAY BOUTIQUE 32484 32484 16976 1 253583 253583 109048 820712 45709 775003 422940 422940 352063 1 FINANCIAL AID 38 795700 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 X 0 0 0 0 0 0 0 1 0 LAUREN WOLKE HEAD OF SCHOOL 412433 0 95000 0 0 0 25400 0 21673 0 554506 0 0 0 GARY STERN COO 253250 0 14500 0 0 0 19985 0 835 0 288570 0 0 0 SHAHRIAR SHAHMIRI CHIEF FINANCIAL OFFICER 222749 0 25500 0 0 0 19600 0 1541 0 269390 0 0 0 ELIZABETH SIVERMAN LOWER DIVISION DIRECTOR 157891 0 8044 0 0 0 13663 0 15243 0 194841 0 0 0 RONALD REDMOND DIRECTOR OF ATHLETICS 154802 0 8274 0 0 0 4500 0 12298 0 179874 0 0 0 GINA RIFKIN CLASSROOM TEACHER 127714 0 2735 0 0 0 7063 0 13213 0 150725 0 0 0 PART I, LINE 7 NET BONUSES ARE DETERMINED AND THEN GROSSED UP TO ACCOUNT FOR THE APPLICABLE PAYROLL TAXES. LAURIE WOLKE BONUS IS AT THE DISCRETION OF BOD. ALL OTHER EMPLOYEES BONUS IS AT A DISCRETION OF LAURIE WOLKE. 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 847839 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 8 62884 MARKET PRICE 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED IS BASED ON THE NUMBER OF DONATIONS RECEIVED FROM CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES 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 ALL DIRECTORS AND OFFICERS, WITH A DIRECT OR INDIRECT CONFLICTING INTEREST INCLUDING ANY FINANCIAL INTEREST, ARE REQUIRED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE AN ANNUAL STATEMENT REPORTING ANY POTENTIAL CONFLICTS. 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 2024-2025 SCHOOL YEAR. THE HEAD OF SCHOOL APPLIES THE SAME PROCESS IN DETERMINING THE COMPENSATION FOR OTHER OFFICERS, KEY, AND 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: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. 6416 WOODMAN LLC 13639 VICTORY BOULEVARD VAN NUYS CA 91401 474136255 ACQUIRING, OPERATING AND TRANSFERRING PROPERTY ON BEHALF OF LAURENCE SCHOOL CA 240244 0 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 0 THE LAURENCE SCHOOL