2024-05-14T13:11:26-04:00 2023-06-30 202623971 Anthony Apodaca Accountancy Corp 105 W Foothill Blvd Monrovia CA 91016 990 2022-07-01 953331866 MT ALVERNO HIGH SCHOOL MTAL 200 NORTH MICHILLINDA AVENUE Sierra Madre CA 91024 JULIE V FANARA CFO 6263553563 2024-05-14 true JULIE FANARA Anthony Apodaca P00198914 6263054220 2024-05-14 0 00 AAL2 IAL1 2022 2023-04-26 12:10:37Z 5605373 false X www.alvernoheightsacademy.org X 1978 CA TO EMPOWER EACH STUDENT BY PROVIDING A CATHOLIC EDUCATION. 10 10 60 346 0 0 1312622 787860 5226986 4286736 388 174 487375 306863 7027371 5381633 1109645 459350 0 4295634 4359129 0 271851 1751033 2126021 7156312 6944500 -128941 -1562867 7642340 5928152 6897230 6745887 745110 -817735 X TO EMPOWER EACH STUDENT BY PROVIDING A CATHOLIC EDUCATION. false false 5393693 459350 4322485 TUITON AND FEE INCOME ENABLE THE SCHOOL TO PROVIDE HIGHER EDUCATION AND FOSTER LIFE OF RESPONSIBILITY, RESPECT, AND ACCOUNTABILITY IN AN INTERDEPENDENT GLOBAL COMMUNITY FOR APPROXIMATELY 380 STUDENTS. 5393693 true true false false false false false false true true true false false false false 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 57 0 true 60 true false false false false false true true false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false CA X JULIA V FANARA 6263553563 200 NORTH MICHILLINDA AVENUE Sierra Madre CA 91024 JULIA V FANARA HEAD OF SCHOOL 40.00 0.00 X X 183573 0 10871 MARIA JONES HEAD OF FINANCE 40.00 0.00 X 137384 0 19660 JOANNE D HARABEDIAN LOWER SCHOOL DIRECTOR 40.00 0.00 X X 126875 0 2815 ANDREA BERTOLLINI FACILITIES MANAGER 40.00 0.00 X 107997 0 12765 SARA MCCARTHY ASSISTANT HEAD OF SCHOOL 40.00 0.00 X X 101500 0 5210 DEBBIE SEANEZ TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN CLARE TRUSTEE 1.00 0.00 X 0 0 0 PATRICK BOWLER JR TRUSTEE 1.00 0.00 X 0 0 0 ROBIN MCCARTHY TRUSTEE 1.00 0.00 X 0 0 0 FR MICHAEL COOPER TRUSTEE 1.00 0.00 X 0 0 0 KENNETH FARSING PRESIDENT 1.00 0.00 X X 0 0 0 JULIE DYER-LOPEZ TREASURER 1.00 0.00 X X 0 0 0 ELLEN DRISCOLL SERETARY 1.00 0.00 X X 0 0 0 657329 0 51321 5 false true false 787860 9302 787860 TUITION AND FEES 611710 4286736 4286736 4286736 174 174 238450 37811 200639 200639 200639 256404 185929 70475 70475 MISCELLANEOUS INCOME 900099 35749 35749 35749 5381633 4322485 0 271288 459350 459350 708650 609439 63779 35432 3078996 2661143 283391 134462 43987 24722 14962 4303 239808 131347 97875 10586 287688 177949 53980 55759 38155 31472 6683 122681 44405 53650 24626 80006 58560 21446 598368 345788 252580 5602 5602 255626 178938 76688 353110 247177 105933 97311 63252 34059 INSTRUCTIONAL EXPENSES 267270 267270 STUDENT SERVICES 71728 71728 FEES FOR SERVICES 125961 33523 92438 BAD DEBT 110203 13500 96703 6944500 5393693 1278956 271851 1354866 502401 411138 76590 132131 2940 42606 28125 93798 58645 9225798 3985863 5585653 5239935 22148 19516 7642340 5928152 317626 517683 677958 320743 1646 7461 5900000 5900000 6897230 6745887 X 543718 -817735 201392 745110 -817735 7642340 5928152 X -1562867 22 X X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 66451 66451 43320 23131 66451 1.00000 false false 451000 451000 7520589 3000579 4520010 1254209 985284 268925 5239935 X 4960094 -421539 -421539 5381633 5381633 6522961 37811 37811 6485150 459350 459350 6944500 Escrow account liability (Part IV, line 2b) AGENCY FUNDS ARE SET ASIDE BECAUSE THEY ARE EARNED, USED, AND BELONG TO OUR DIFFERENT CONSTITUENCIES. STUDENT FUNDRAISER, ASU (ALVERNO STUDENT UNION), FRESHMAN, SOPHOMORE, JUNIOR, SENIOR AND OTHER. Endowment funds intended uses (Part V, line 4) THE SCHOOL ESTABLISHED THE ALVERNO ENDOWMENT FUND (THE ENDOWMENT FUND) TO COMPLY WITH THE DONOR RESTRICTION OF MAINTAINING THE EDUCATIONAL PROGRAM OF THE SCHOOL. Other revenues not included on Form 990 (Part XI, line 2d) FINANCIAL AID -459,350RENT EXPENSE 37,811TOTAL TO SCHEDULE D, PART XI, LINE 2D -421,539 Other expenses not included on Form 990 (Part XII, line 2d) RENT EXPENSE 37,811 Other expenses included on Form 990 (Part XII, line 4b) FINANCIAL AID 459,350 Footnote for uncertain tax position under FIN 48 (Part X) THE SCHOOL WAS INCORPORATED UNDER THE LAWS OF THE STATE OF CALIFORNIA ON JULY 25, 1978 AND HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. U.S. GAAP PROVIDES 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. true true true true true true true false false false false false false false false false false true Description of nondiscriminatory policy (Question 3) THE SCHOOL PUBLISHES ITS NON-DISCRIMINATORY POLICY ON THE SCHOOLS WEBSITE. GALA 12750 12750 2356 FELLOWSHIP 113050 113050 7 130604 130604 183573 256404 256404 185929 185929 70475 true FINANCIAL AID AND SCHOLARSHIPS 58 459350 Monitoring procedures (Part I, line 2) FUNDS ARE AWARDED IN THE FORM OF FINANCIAL AID AND/OR SCHOLARSHIPS. PARENTS AND/OR GUARDIANS OF STUDENTS MUST COMPLETE AN ONLINE APPLICATION AT WWW.ISMFAST.COM. STUDENT MAY ALSO HAVE TO SUBMIT ESSAY(S) AND MEET CERTAIN QUALIFICATIONS SUCH AS A MINIMUM GRADE AVERAGE. APPLICATIONS ARE REVIEWED BY THE DIRECTOR OF ENROLLMENT, DIRECTOR OF DEVELOPMENT, HEAD OF SCHOOL,DIRECTOR OF FINANCE AND THE BUSINESS MANAGER WHO JOINTLY DETERMINE WHICH STUDENTS WILL BE RECIPIENTS, THE AMOUNT OF AWARDS AND THE SOURCE OF THE AWARDS. THE FINANCE COMMITTEE APPROVES THE BUDGETED AMOUNTS. THE BUSINESS OFFICE RECORDS ALL THE AWARDS AND THE BUSINESS MANAGER ADJUSTSSTUDENTS TUITION ACCOUNT IMMEDIATELY. X X X false false false false false false false false false JULIA V FANARA HEAD OF SCHOOL 183573 10871 194444 MARIA JONES HEAD OF FINANCE 137384 19660 157044 Related organization compensation method (Part I, line 3) SALARIES ARE REVIEWED AND DISCUSSED BY THE FINANCE COMMITTEE WITH THE AID OF STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS. SALARY INCREASES ARE PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. EACH EMPLOYEE IS REVIEWED FOR PERFORMANCE BY HIS/HER SUPERVISOR. COMPENSATION IS REVIEWED ANNUALLY FOR EACH AND EVERY EMPLOYEE. COMPENSATION FOR THE DIRECTOR OF FINANCE IS APPROVED BY THE HEAD OF SCHOOL AND BY THE FINANCE COMMITTEE CHAIR. COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. Form 990 governing body review Part VI line 11 THE DIRECTOR OF FINANCE RECEIVES THE TAX RETURN FROM THE INDEPENDENT ACCOUNTING FIRM AND REVIEWS. ONCE ACCURACY IS ESTABLISHED, IT IS PRESENTED TO THE FINANCE COMMITTEE WHO THEN PRESENTS IT TO THE BOARD AND EACH BOARD MEMBER MUST SIGN THAT HE/SHE HAS ALSO REVIEWED IT. ONCE APPROVED BY THE BOARD, IT IS SIGNED BY THE HEAD OF SCHOOL AND FILED. Conflict of interest policy compliance Part VI line 12c OFFICERS, TRUSTEES AND KEY EMPLOYEES MUST SIGN DISCLOSURE FORMS ANNUALLY. CONFLICT OF INTEREST FORMS ARE THEN REVIEWED BY THE DIRECTOR OF FINANCE FOR DISCLOSURE PURPOSES AND IDENTIFIED CONFLICTS, IF ANY, ARE COMMUNICATED TO THE FINANCE COMMITTEE/BOARD. THE BOARD OR THE EXECUTIVE COMMITTEE HAS TO REVIEW ANY AND ALL CONFLICTS DISCLOSED. NO INDIVIDUAL SHALL ENGAGE IN THEBUSINESS OR ACTIVITY DEEMED TO BE A CONFLICT WITHOUT THE APPROVAL OF THE BOARD AND/OR EXECUTIVE COMMITTEE. SUCH DETERMINATION SHALL BE DOCUMENTED IN THE MEETING MINUTES. MANAGEMENT REGULARLY MONITORS COMPLIANCE WITH THIS POLICY. CEO executive director top management comp Part VI line 15a SALARIES ARE REVIEWED AND DISCUSSED BY THE FINANCE COMMITTEE WITH THE AID OF STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS. SALARY INCREASES ARE PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. EACH EMPLOYEE IS REVIEWED FOR PERFORMANCE BY HIS/HER SUPERVISOR. COMPENSATION IS REVIEWED ANNUALLYFOR EACH AND EVERY EMPLOYEE. COMPENSATION FOR THE DIRECTOR OF FINANCE IS APPROVED BY THE HEAD OF SCHOOL AND BY THE FINANCE COMMITTEE CHAIR. COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. Other officer or key employee compensation Part VI line 15b SALARIES ARE REVIEWED AND DISCUSSED BY THE FINANCE COMMITTEE WITH THE AID OF STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS. SALARY INCREASES ARE PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL. EACH EMPLOYEE IS REVIEWED FOR PERFORMANCE BY HIS/HER SUPERVISOR. COMPENSATION IS REVIEWED ANNUALLYFOR EACH AND EVERY EMPLOYEE. COMPENSATION FOR THE DIRECTOR OF FINANCE IS APPROVED BY THE HEAD OF SCHOOL AND BY THE FINANCE COMMITTEE CHAIR. COMPENSATION FOR THE HEAD OF SCHOOL IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. Governing documents etc available to public Part VI line 19 THE SCHOOLS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Explanation of other changes in net assets or fund balances Part XI line 9 ACCOUNTING CHANGE Part III response or note to any other line in Part III FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:INFORMED, KNOWLEDGEABLE PERSONS, WHO HAVE THE REQUISITE SKILLS TO MAKE AND IMPLEMENT MATURE DECISIONS ABOUT COMPLEX PROBLEMS IN A GLOBAL SOCIETY.UPPER SCHOOL MISSION STATEMENT: ALVERNO HEIGHTS ACADEMY, UPPER SCHOOL, IS A CATHOLIC, INDEPENDENT, COLLEGE PREPARATORY SCHOOL FOR YOUNG WOMEN DEDICATED TO PREPARING THEM TO FUNCTION IN A SOCIETY AS INFORMED, KNOWLEDGEABLE PERSONS, WHO HAVE THE REQUISITE SKILLS TO MAKE ANDIMPLEMENT MATURE DECISIONS ABOUT COMPLEX PROBLEMS IN A GLOBAL SOCIETY. Part XII Response or note to any line in Part XII PART XII 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.