2022-05-13T00:19:14-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2020-07-01 270174003 VALLEY CHARTER SCHOOL VALL 8188106713 16514 NORDHOFF STREET NORTH HILLS CA 91343 CAROLYN YAFFE EXECUTIVE DIRECTOR 8188106713 2022-05-09 1 CAROLYN YAFFE 999009999 MARLEN GOMEZ P01306775 6268577300 2022-05-09 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z CAROLYN YAFFE 16514 NORDHOFF STREET NORTH HILLS CA 91343 6295706 0 X WWW.VALLEYCHARTERSCHOOL.ORG X 2009 CA TO OPERATE TWO CALIFORNIA PUBLIC CHARTER SCHOOLS 7 7 107 90 0 0 6884105 7260341 0 0 0 6908 0 -971543 6884105 6295706 0 0 0 0 4720898 4074519 0 0 15596 2081829 2493935 6802727 6568454 81378 -272748 5065944 4588386 1384755 1179945 3681189 3408441 THE MISSION OF VALLEY CHARTER SCHOOLS IS TO PROVIDE A HOLISTIC AND EXCEPTIONAL EDUCATION TO A DIVERSE STUDENT BODY, CULTIVATING IN STUDENTS INTELLECTUAL CURIOSITY, COLLABORATION, RESPECT FOR OTHERS, AND A PASSION FOR EXCELLENCE. 0 0 5178433 50 VALLEY CHARTER ELEMENTARY IS A PUBLIC CHARTER SCHOOL SERVING 276 STUDENTS IN GRADES KINDERGARTEN THROUGH 5TH GRADE, AND VALLEY CHARTER MIDDLE SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING 288 STUDENTS IN GRADES 6TH THROUGH 8TH GRADE FOR THE YEAR ENDED JUNE 30, 2021. 5178433 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 107 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X CAROLYN YAFFE 8188106713 16514 NORDHOFF STREET NORTH HILLS CA 91343 MATTHEW RUBIN PRINCIPAL, VCMS 40.00 0.00 X 118060 0 42312 CAROLYN YAFFE EXECUTIVE DIRECTOR 40.00 0.00 X 114065 0 43744 ELIZABETH ADAMS PRINCIPAL, VCES 40.00 0.00 X 102420 0 48364 DANIEL CHANG CHAIR 2.00 0.00 X X 0 0 0 BILL ROBERTS TREASURER 2.00 0.00 X X 0 0 0 ANGIE SALDIVAR SECRETARY 2.00 0.00 X X 0 0 0 ALEX FARIVAR MEMBER 2.00 0.00 X 0 0 0 JENNIFER BENNETT MEMBER 2.00 0.00 X 0 0 0 GRETCHEN MORGAN MEMBER 2.00 0.00 X 0 0 0 LINDSEY COLE COMBS MEMBER 2.00 0.00 X 0 0 0 JENNIFER HAWTREY MEMBER 2.00 0.00 X 0 0 0 TESS RAMIN MEMBER 2.00 0.00 X 0 0 0 334545 0 134420 3 0 1 0 ARC 370 AMAPOLA AVE SUITE 208 TORRANCE CA 90501 AFTER SCHOOL SERVICES 269303 TOTAL EDUCATION SERVICES 625 FAIR OAKS AVE STE 300 SOUTH PASADENA CA 91367 SPECIAL EDUCATION SERVICES 208616 CROSS COUNTRY EDUCATION (FORMERLY DIRECT 21820 BURBANK BLVD 310B WOODLAND HILLS CA 91367 SPECIAL EDUCATION SERVICES 125620 EXED 11858 LA GRANGE AVE LOS ANGELES CA 90025 BACK OFFICE SERVICES 123102 4 7026513 233828 7260341 6908 6908 OTHER REVENUE 900099 50 50 LOSS ON DISPOSAL OF PPE 900099 -971593 -971593 -971543 6295706 50 0 -964685 X 206683 206683 3051476 2732036 319440 370543 370055 488 356850 287473 69377 88967 69086 19881 51025 51025 67233 67233 7644 7644 885345 700377 184968 37724 37724 295169 250211 44958 36585 3500 33085 680543 608527 72016 424 424 5004 5004 44790 44476 314 74582 74582 INSTRUCTIONAL MATERIALS 48738 48738 FOOD AND FOOD SUPPLIES 15857 12505 3352 FUNDRAISING COST 15596 15596 SUPPLIES 12961 12961 214715 214715 6568454 5178433 1374425 15596 2431033 2700406 1101156 1576119 110304 97148 442511 271664 1061507 170847 361944 43866 5065944 4588386 548116 142057 42531 243779 794108 794109 1384755 1179945 X 3681189 3406825 1616 3681189 3408441 5065944 4588386 -272748 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 98400 48020 50380 344111 223644 120467 170847 X 6295706 0 6295706 0 6295706 6568454 0 6568454 0 6568454 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND THEREFORE IS NOT SUBJECT TO FORMAL COMPLIANCE WITH REVENUE PROCEDURE 75-50 AS LONG AS THE CHARTER AGREEMENT WITH THE STATE IS IN EFFECT. THE SCHOOL DOES INCLUDE INFORMATION REGARDING ITS NON-DISCRIMINATION PRACTICES IN ITS INTENT TO ENROLL FORM, WEBSITE, AD IN PAPER AND TRADE SHOWS. SCHEDULE E, PART I, LINE 4 AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION OPERATES CHARTER SCHOOLS, WHICH ARE PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. X X 0 0 0 0 0 0 0 0 0 MATTHEW RUBIN PRINCIPAL, VCMS 118060 0 0 0 0 0 20517 0 21795 0 160372 0 0 0 CAROLYN YAFFE EXECUTIVE DIRECTOR 114065 0 0 0 0 0 18894 0 24850 0 157809 0 0 0 ELIZABETH ADAMS PRINCIPAL, VCES 102420 0 0 0 0 0 17726 0 30638 0 150784 0 0 0 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 PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN DISTRIBUTED TO GOVERNING BOARD MEMBERS PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, ALONG WITH FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SPECIAL EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 328,852. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 328,852. OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 371,525. MANAGEMENT AND GENERAL EXPENSES 184,968. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 556,493. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM PRIOR YEAR.