2025-02-27T18:54:16-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2023-07-01 270174003 VALLEY CHARTER SCHOOLS VALL 8188106713 16514 NORDHOFF STREET NORTH HILLS CA 91343 CAROLYN YAFFE EXECUTIVE DIRECTOR 8188106713 2025-02-26 1 1 MARLEN GOMEZ P01306775 6268577300 2025-02-26 2023 2025-03-06 01:10:19Z CAROLYN YAFFE 16514 NORDHOFF STREET NORTH HILLS CA 91343 10126976 0 X WWW.VALLEYCHARTERSCHOOL.ORG X 2009 CA TO OPERATE TWO CALIFORNIA PUBLIC CHARTER SCHOOLS. 6 6 116 22 0 0 9206951 10052896 0 0 1735 58229 10674 15851 9219360 10126976 0 0 0 0 5130208 5704567 0 0 9217 3567092 3883835 8697300 9588402 522060 538574 8452929 9028414 3569067 3605978 4883862 5422436 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 8117475 0 0 VALLEY CHARTER ELEMENTARY IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 294 STUDENTS IN GRADES KINDERGARTEN THROUGH 5TH GRADE, AND VALLEY CHARTER MIDDLE SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 238 STUDENTS IN GRADES 6TH THROUGH 8TH GRADE FOR THE YEAR ENDED JUNE 30, 2024. 8117475 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 35 0 1 116 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X X SAMIRA ESTILAI 4242086067 1990 SOUTH BUNDY DR SUITE 410 LOS ANGELES CA 90025 CAROLYN YAFFE EXECUTIVE DIRECTOR 40.00 0.00 X 190497 0 71780 ELIZABETH ADAMS PRINCIPAL, VCES 40.00 0.00 X 126006 0 52922 BRENDA SADEGHI PRINCIPAL, VCMS 40.00 0.00 X 128905 0 36256 DANIEL CHANG CHAIR 2.00 0.00 X X 0 0 0 JONI ANGEL TREASURER 2.00 0.00 X X 0 0 0 ANGELA SALDIVAR SECRETARY 1.00 0.00 X X 0 0 0 JENNIFER BENNETT DIRECTOR 1.00 0.00 X 0 0 0 MARIANNA PINERUA DIRECTOR 1.00 0.00 X 0 0 0 HALEIGH IKE DIRECTOR 1.00 0.00 X 0 0 0 445408 0 160958 3 0 1 0 ARC 370 AMAPOLA AVENUE SUITE 208 TORRANCE CA 90501 AFTER SCHOOL SERVICES 376065 REVOLUTION FOODS PO BOX 92230 LAS VEGAS NV 891932230 FOOD SERVICES 265404 TOTAL EDUCATION SOLUTIONS 99 PASADENA AVE STE 10C SOUTH PASADENA CA 91030 SPECIAL EDUCATION SERVICES 212807 CROSS COUNTRY EDUCATION PO BOX 743425 LOS ANGELES CA 900743425 SPECIAL EDUCATION SERVICES 159982 EXCELLENT EDUCATION DEVELOPMENT INC 1990 S BUNDY DR SUITE 410 LOS ANGELES CA 90025 BACK OFFICE SERVICES 149732 6 9831082 221814 10052896 58229 58229 LEGAL EXPENSES REFUND 541990 14030 14030 OTHER REVENUE 900099 1821 1821 15851 10126976 1821 0 72259 X 267677 267677 4045604 3762072 283532 575965 575965 684904 626327 58577 130417 93694 36723 61441 39489 21952 109959 109959 40827 40827 1652189 1413017 239172 19942 19942 148586 96433 52153 44186 44186 958419 834886 123533 3962 3962 173970 173970 106007 106007 FOOD AND FOOD SUPPLIES 283276 272371 10905 ALL OTHER EXPENSES 177559 121777 46565 9217 INSTRUCTIONAL MATERIALS 103512 103512 9588402 8117475 1461710 9217 4770383 2533753 1976986 2010443 221204 99563 951888 571615 445736 380273 1038620 4004382 8452929 9028414 1021909 750825 1527714 1414744 1019444 1440409 3569067 3605978 X 4883862 5422436 4883862 5422436 8452929 9028414 538574 0 X X 0 1 X 1 1 1 X 500550 237488 263062 405346 309864 95482 45992 24263 21729 380273 SECURITY DEPOSIT 44116 RIGHT OF USE LEASE ASSETS OPERATING 1403540 CERTIFICATES OF DEPOSIT 2556726 4004382 OPERATING LEASE LIABILITIES 1440409 1440409 X 10126976 0 10126976 0 10126976 9588402 0 9588402 0 9588402 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 X X 0 0 0 0 0 0 0 0 0 CAROLYN YAFFE EXECUTIVE DIRECTOR 190497 0 0 0 0 0 37699 0 34081 0 262277 0 0 0 ELIZABETH ADAMS PRINCIPAL, VCES 126006 0 0 0 0 0 25102 0 27820 0 178928 0 0 0 BRENDA SADEGHI PRINCIPAL, VCMS 128905 0 0 0 0 0 24621 0 11635 0 165161 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, SUCH AS BOARD MEMBERS, OFFICERS, OR EMPLOYEES, 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 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 OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G AFTER SCHOOL SERVICES: PROGRAM SERVICE EXPENSES 570,395. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 570,395. ALL OTHER CONSULTANTS & SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 239,172. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 239,172. CONTRACTED SUBSTITUTE TEACHERS: PROGRAM SERVICE EXPENSES 103,453. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,453. NURSING & MEDICAL (NON-IEP): PROGRAM SERVICE EXPENSES 5,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,283. OTHER STUDENT INSTRUCTIONAL SERVICES: PROGRAM SERVICE EXPENSES 19,596. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,596. PD CONSULTANTS & TUITION: PROGRAM SERVICE EXPENSES 89,369. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,369. SPECIAL EDUCATION FEES (SELPA): PROGRAM SERVICE EXPENSES 115,408. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,408. SPECIAL EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 509,513. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 509,513. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.