2024-05-15T14:31:19-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-07-01 592298398 THE VANGUARD SCHOOL OF LAKE WALES FL INC VANG 8636766091 22000 HIGHWAY 27 LAKE WALES FL 33859 LU SHANNON GRAVES HEAD OF SCHOOL 8636766091 2024-05-15 1 LU SHANNON GRAVES 999009999 1 TINA HENTON P00630282 4078021200 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LU SHANNON GRAVES 22000 HIGHWAY 27 LAKE WALES FL 33859 5503641 0 X WWW.VANGUARDSCHOOL.ORG X 1983 FL AN INDEPENDENT, CO-EDUCATIONAL BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY 11 11 57 13 0 0 1466992 798043 4494406 4368262 129 97680 14816 39656 5976343 5303641 1354347 1040931 0 0 2388718 2388361 0 0 71782 1826823 1964188 5569888 5393480 406455 -89839 8238278 8624606 504636 865349 7733642 7759257 THE VANGUARD SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY. VANGUARD STRIVES TO ENSURE EACH STUDENT ASPIRES TO HIGHER EDUCATIONAL OPPORTUNITIES AND INDEPENDENT LIFE. 0 0 4204947 1040931 4368262 VANGUARD OPENED ITS DOORS ON FEBRUARY 1, 1966, IN LAKE WALES, FLORIDA, TO A CLASS OF SIX STUDENTS. VANGUARD HAS GROWN INTO AN INTERNATIONALLY RECOGNIZED AND FULLY ACCREDITED INSTITUTION WITH A MAXIMUM ENROLLMENT OF 140 STUDENTS IN GRADES 6-12. WE STARTED WITH JUST ONE BUILDING, AND HAVE GROWN TO A 77-ACRE CAMPUS WITH FOUR DORMS, THREE SCHOOL BUILDINGS, A MEDIA CENTER/LIBRARY, CAFETERIA, GYM, FITNESS CENTER, PERFORMING ARTS CENTER AND MUCH MORE. SINCE 1966, THE VANGUARD SCHOOL HAS SPECIALIZED IN EDUCATING STUDENTS WITH A VARIETY OF LEARNING DIFFERENCES, IN AN ENVIRONMENT THAT ACKNOWLEDGES THEIR DIFFERENCES, CELEBRATES THEIR STRENGTHS AND SUPPORTS THEM IN OVERCOMING THEIR CHALLENGES. WE UNDERSTAND THAT EACH CHILD LEARNS DIFFERENTLY AND WE PROVIDE AN INDIVIDUALIZED EDUCATIONAL ENVIRONMENT FOR STUDENTS TO LEARN. 4204947 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 FL X TIM KNAVEL 8636766091 22000 US 27 LAKE WALES FL 33859 CHARLES BALDWIN CHAIR 0.50 0.50 X X 0 0 0 VICTOR STORY TREASURER 0.50 0.50 X X 0 0 0 SUSAN CRAIG VICE CHAIR & SECRETARY 0.50 0.50 X X 0 0 0 ROBERT FINE TRUSTEE 0.50 0.50 X 0 0 0 LOIS HARRISON TRUSTEE 0.50 0.50 X 0 0 0 REBEKAH JAHNA TRUSTEE 0.50 0.50 X 0 0 0 MIKE MURPHY TRUSTEE 0.50 0.50 X 0 0 0 KATE RUTLEDGE TRUSTEE 0.50 0.50 X 0 0 0 AMY STETTNER TRUSTEE 0.50 0.50 X 0 0 0 JUNE ULLMAN TRUSTEE 0.50 0.50 X 0 0 0 PAT WEBER TRUSTEE 0.50 0.50 X 0 0 0 SHANNON GRAVES HEAD OF SCHOOL 50.00 0.50 X 237375 0 18159 TAMIKA SMITH THRU 82023 CFO 50.00 0.50 X 51340 0 4856 288715 0 23015 1 0 1 0 FLIK DINING PO BOX 50196 LOS ANGELES CA 900740196 FOOD SERVICE 447222 1 482014 34325 281704 798043 TUITION & STUDENT FEES 611110 4256837 4256837 SUMMER SCHOOL REVENUE 611110 111425 111425 4368262 8450 8450 1280 0 1280 1280 1280 289230 200000 89230 89230 89230 MISCELLANEOUS INCOME 900099 38376 38376 38376 5303641 4368262 0 137336 X 1040931 1040931 329868 227609 92363 9896 1689224 1174194 464354 50676 225743 156781 62189 6773 143526 99650 39570 4306 37318 23730 13588 3800 3800 45570 45570 8409 7568 841 548881 475102 73779 87721 87590 131 134907 106234 28673 35066 11458 23608 247639 222875 24764 32552 32552 51858 51858 18733 16860 1873 435014 391513 43501 231970 208773 23197 OTHER 32146 32146 SCHOOL PROGRAMS 9117 9117 3487 3487 5393480 4204947 1116751 71782 74672 81067 281318 387318 250000 8244 84666 213832 12760482 7100797 5345988 5659685 2201634 2274460 8238278 8624606 271024 274407 208404 101465 24815 489477 393 0 504636 865349 X 7272561 7446560 461081 312697 7733642 7759257 8238278 8624606 X -89839 183596 -68142 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 250000 250000 0.87200 0.12800 0 0 102792 102792 11276682 6103236 5173446 1247019 997561 249458 133989 133989 5659685 X 4437897 183596 -1040931 -857335 5295232 8409 8409 5303641 4412282 68142 -8409 59733 4352549 1040931 1040931 5393480 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF DONOR-RESTRICTED FUNDS DESIGNATED TO FUNCTION AS ENDOWMENTS. THE SCHOOL'S BOARD OF TRUSTEES HAS ADOPTED THE SPENDING POLICY THAT IS GOVERNED BY THE DONOR'S STIPULATIONS. THIS POLICY REQUIRES THE EARNINGS GENERATED BY THE INVESTMENT OF THE PRINCIPAL BE DISTRIBUTED ANNUALLY. FIFTY PERCENT OF THE INVESTMENT EARNINGS WILL BE REINVESTED AS PRINCIPAL AND TREATED AS PRINCIPAL THEREAFTER. THE REMAINING 50% OF THE INVESTMENT EARNINGS MAY BE USED BY THE SCHOOL IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE FUND BY THE DONOR. PART X, LINE 2: THE SCHOOL HAS ADOPTED ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. WHEN APPLICABLE, ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT IN THE SCHOOL'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -1,040,931. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 8,409. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSE -8,409. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 1,040,931. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH ITS WEBSITE, BROCHURES AND SCHOOL APPLICATION. SCHEDULE E, PART I, LINE 6A THE ORGANIZATION RECEIVED AN EMERGENCY ASSISTANCE TO NON-PUBLIC SCHOOLS (EANS) GRANT, WHICH IS A GRANT WITH THE PURPOSE OF PROVIDING ASSISTANCE TO TO ELIGIBLE PRIVATE SCHOOLS FOR DISRUPTIONS CAUSED BY COVID-19. 1 FINANCIAL AID 54 1040931 OTHER SCHOLARSHIPS/TUITION DISCOUNT PART I, LINE 2: SCHOLARSHIPS ARE AWARDED BASED ON THE RECOMMENDATION OF THE SCHOLARSHIP COMMITTEE. THESE AWARDS ARE THEN DIRECTLY APPLIED AGAINST THE STUDENT'S TUITION FEES. THERE IS NO CASH AWARD GIVEN DIRECTLY TO THE STUDENT. X 1 0 X X 0 0 0 0 0 0 0 0 0 SHANNON GRAVES HEAD OF SCHOOL 237375 0 0 0 0 0 0 0 18159 0 255534 0 0 0 PART I, LINE 1A SCHOOL PROVIDES RESIDENCE FOR HEAD OF SCHOOL POSITION FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE MADE UP OF THE OFFICERS OF THE CORPORATION AND AT LEAST ONE (1) OTHER MEMBER OF THE BOARD APPOINTED BY A MAJORITY OF ALL TRUSTEES IN OFFICE AT THE TIME. UPON AUTHORIZATION FROM THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS AND SHALL REPORT TO THE FULL BOARD WITHIN SEVEN (7) DAYS ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BUSINESS MANAGER AND HEAD OF SCHOOL. A COPY IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED BY THE PERSON(S) CONCERNED TO THE PRESIDENT OF THE SCHOOL. WHEN A CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF TRUSTEES, THE PRESIDENT SHALL CALL IT TO THE ATTENTION OF THE TRUSTEES AND SAID PERSON(S) SHALL NOT VOTE ON THE MATTER. WHEN THERE IS A DOUBT AS TO WHETHER A CONFLICT EXISTS, THE MATTER SHALL BE RESOLVED BY A VOTE OF THE TRUSTEES, EXCLUDING THE PERSON(S) CONCERNING WHOSE SITUATION THE DOUBT HAS ARISEN. THE OFFICIAL MINUTES OF THE TRUSTEES SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THE INTERESTED PERSON(S) WAS (WERE) NOT PRESENT DURING THE FINAL DISCUSSION OR VOTE AND DID NOT VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS COMPARES SALARIES OF COMPARABLE SCHOOLS IN THE GEOGRAPHICAL AREA THAT PROVIDE COMPARABLE SPECIALIZED SERVICES. THE COMPENSATION STUDY IS COMPLETED TOWARDS THE END OF THE FISCAL YEAR AND SALARIES ARE DETERMINED BY PERFORMANCE AND COMPARABILITY TO SIMILAR SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G FOOD SERVICES: PROGRAM SERVICE EXPENSES 451,996. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 451,996. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 23,106. MANAGEMENT AND GENERAL EXPENSES 73,779. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 96,885. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -68,142. THE VANGUARD SCHOOL FOUNDATION INC 22000 HIGHWAY 27 LAKE WALES FL 33859 593542447 SCHOLARSHIP FUNDS FL 501(C)(3) LINE 12C, III-FI N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 THE VANGUARD SCHOOL FOUNDATION INC C 482014 CASH PAID