2024-05-09T10:21:05-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-07-01 951750023 THE BUCKLEY SCHOOL BUCK 8187831610 3900 STANSBURY AVENUE SHERMAN OAKS CA 91423 ALONA SCOTT HEAD OF SCHOOL 8187831610 2024-05-08 1 ALONA SCOTT 999009999 1 LISA N RYSSEL CPA P00643670 7149781300 2024-05-08 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALONA SCOTT 3900 STANSBURY AVENUE SHERMAN OAKS CA 91423 49935339 0 X WWW.BUCKLEY.ORG X 1935 CA THE ORGANIZATION IS AN INDEPENDENT CO-EDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL. 19 19 250 100 0 0 2060263 7304437 36404866 41000396 70003 868020 272139 318067 38807271 49490920 4262205 4929812 0 0 22119952 25129223 0 0 1591876 13647637 15817875 40029794 45876910 -1222523 3614010 155779870 169874564 67446309 72912938 88333561 96961626 X THE BUCKLEY SCHOOL IS A DYNAMIC, NURTURING LEARNING COMMUNITY COMMITTED TO EQUITY AND INCLUSION. OUR INNOVATIVE TEACHERS AND CHALLENGING PROGRAMS INSPIRE CREATIVITY, COURAGE, AND COLLABORATION. BY PROMOTING A BALANCED DEVELOPMENT OF MIND, BODY, AND CHARACTER, WE ENCOURAGE EACH STUDENT TO FIND JOY AND MEANING IN LIFE AND MAKE AN IMPACT IN THE WORLD. 0 0 35149328 4929812 41107215 THE SCHOOL IS SITUATED ON A NINETEEN ACRE CAMPUS IN A RESIDENTIAL SECTION OF SANTA MONICA MOUNTAINS, A SETTING OF NATURAL BEAUTY WITH ACCESS TO THE CULTURAL AND EDUCATIONAL RESOURCES OF THE LOS ANGELES METROPOLITAN AREA. WITH AN ENROLLMENT OF APPROXIMATELY 830 STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE, THE SCHOOL SEEKS TO ATTRACT STUDENTS WHO REFLECT THE ETHNIC DIVERSITY OF LOS ANGELES.BUCKLEY'S PHILOSOPHY, THE 4-FOLD PLAN OF EDUCATION, COMBINES THE PRINCIPLES OF WHOLE-CHILD EDUCATION - A DEEPLY INTER-CONNECTED PROGRAM OF ACADEMICS, THE ARTS, PHYSICAL DEVELOPMENT, AND MORAL EDUCATION. CURIOSITY, CRITICAL THINKING, AND CREATIVITY ARE ENCOURAGED AND PROMOTED. WE BELIEVE THAT STUDENTS' BEST WORK -- IN THE CLASSROOM, IN THE ARTS, AND ON THE FIELD, CAN ONLY BE REALIZED THROUGH SELF-EXPRESSION AND RESILIENCE WITHIN AN INTENTIONAL PROGRAM.OUR LOWER SCHOOL BLENDS TRADITION AND STRUCTURE WITH PROGRESSIVE METHODOLOGIES. OUR MIDDLE AND UPPER SCHOOL IS COLLEGE PREPARATORY, BASED ON A PRESCRIBED CURRICULUM THAT EVOLVES TO INCLUDE THE BEST OF CURRENT RESEARCH AND TEACHING METHODOLOGIES. 35149328 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 120 0 1 250 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ELIZABETH TURCHAN 8184616720 3900 STANSBURY AVE SHERMAN OAKS CA 91423 BENJAMIN VEGA CHAIR 4.00 X X 0 0 0 ERIC BIDDLE VICE CHAIR 4.00 X X 0 0 0 SHARI ROSENTHAL VICE CHAIR 4.00 X X 0 0 0 JOSE-MANUEL DECASTRO SECRETARY 4.00 X X 0 0 0 DAVID SADKIN TREASURER 4.00 X X 0 0 0 CHIP SELLERS PARLIAMENTARIAN 4.00 X X 0 0 0 ANDREA ALBERINI BOARD MEMBER 4.00 X 0 0 0 ANNE-MARIE BALZANO BOARD MEMBER 4.00 X 0 0 0 TOVA COHEN BOARD MEMBER 4.00 X 0 0 0 JOSS HASTINGS-PRICE BOARD MEMBER 4.00 X 0 0 0 JACKIE GOLDBERG BOARD MEMBER 4.00 X 0 0 0 ALIX MERKLEY BOARD MEMBER 4.00 X 0 0 0 BRIAN NUSSBAUM BOARD MEMBER 4.00 X 0 0 0 PEGGY PROCTOR BOARD MEMBER 4.00 X 0 0 0 KAREN RICHARDSON BOARD MEMBER 4.00 X 0 0 0 JEN SHEFFIELD BOARD MEMBER 4.00 X 0 0 0 RANDALL WINSTON BOARD MEMBER 4.00 X 0 0 0 VINCENT TRAVAGLIONE BOARD MEMBER 4.00 X 0 0 0 MARK NEHORAY BOARD MEMBER 4.00 X 0 0 0 ALONA HILARY SCOTT HEAD OF SCHOOL 40.00 X 461229 0 254611 ELIZABETH M TURCHAN CHIEF FINANCIAL OFFICER 40.00 X 422461 0 48765 MICHELLE WENKER SCHROTH DIRECTOR OF ADVANCEMENT 40.00 X 208593 0 40835 ADRIENNE M PARSONS HEAD OF LOWER SCHOOL 40.00 X 197454 0 40984 ERWIN WONG DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 199424 0 32829 GEORGE A RUSSO DEAN OF STUDENTS 40.00 X 193199 0 38289 DONALD SMITH JR HEAD OF MIDDLE SCHOOL 40.00 X 184270 0 33143 1866630 0 489456 70 0 1 0 FRESHLUNCHES 19431 BUSINESS CENTER DRIVE 24 NORTHRIDGE CA 91324 FOOD SERVICE 1429974 TUMBLEWEED TRANSPORTATION PO BOX 49291 LOS ANGELES CA 90049 STUDENT TRANSPORTATION 891549 LEE'S MAINTENANCE SERVICE 14740 KESWICK STREET VAN NUYS CA 91405 JANITORIAL SERVICES 861250 EPCO PLUMBING 16787 BEACH BLVD 263 HUNTINGTON BEACH CA 92647 PLUMBING SERVICES 296151 POSITIVE ADVENTURES 4907 MORENA BLVD 1401 SAN DIEGO CA 92117 TRANSPORTATION 231957 10 248548 7055889 224883 7304437 TUITION AND FEES 611600 41000396 41000396 41000396 868020 868020 184800 0 184800 184800 184800 470867 248548 444419 26448 26448 HOT LUNCH 611710 100579 100579 MISCELLANEOUS 611710 6240 6240 106819 49490920 41107215 0 1079268 4929812 4929812 1469099 1100272 290124 78703 18382279 13858839 3508063 1015377 876695 609938 235402 31355 2990307 2123254 696699 170354 1410843 1128061 232343 50439 292891 292891 207411 207411 2776014 2213215 452085 110714 1756038 1502370 240004 13664 867368 548358 279842 39168 29130 18292 9754 1084 426378 209762 216616 1070241 856193 214048 3126473 2344855 781618 2148865 1721430 427435 MISCELLANEOUS 1562505 567280 925582 69643 TRANSPORTATION 1042123 1042123 EQUIP. RENTAL/MTN 251244 201981 49263 PRINTING AND PUBLICATI 170246 127819 31052 11375 90948 45474 45474 45876910 35149328 9135706 1591876 1093116 6897526 17290900 15691971 105429 4844045 89815 377430 117453664 31087898 84923842 86365766 19147725 17235282 33129043 38462544 155779870 169874564 5859910 6729749 22605315 24049792 38645076 41813117 336008 320280 67446309 72912938 X 83180324 87167096 5153237 9794530 88333561 96961626 155779870 169874564 3614010 5014055 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 43886480 22939 4163201 1681224 46391396 13308662 37571308 -6783409 210081 43886480 10978102 49045 2391490 109975 13308662 10169133 165109 738407 94547 10978102 8959148 1085617 204167 79799 10169133 0.89592 0.08435 0.01972 0 0 6413369 6413369 103925006 25676678 78248328 6502150 5411220 1090930 613139 613139 86365766 ALTERNATIVE INVESTMENTS 38462544 F 38462544 X 49367752 5014055 5014055 44353697 207411 4929812 5137223 49490920 40739687 0 40739687 207411 4929812 5137223 45876910 PART IV, LINE 2B: THE SCHOOL ACTS AS THE CUSTODIAN FOR VARIOUS CLASSES AND SCHOOL CLUBS. PART V, LINE 4: ENDOWMENTS CONSIST OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR STAFF AND FACULTY COMPENSATION AND PROFESSIONAL ENRICHMENT, MAINTENANCE OF THE SCHOOL PAVILION, GENERAL OPERATION, AND FINANCIAL AID. PART X, LINE 2: U.S. GAAP PROVIDES ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION AND 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. THE SCHOOL HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701 OF THE CALIFORNIA REVENUE TAXATION CODE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,929,812. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,929,812. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHED NOTICE OF RACIAL NONDISCRIMINATION POLICY IN ITS WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - 0 0 HEDGE FUND INVESTMENTS. N/A 4816877 0 0 0 0 0 0 4816877 0 4816877 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GALA 367808 248548 119260 203213 25102 14659 BUCKLEY FAIR 213513 213513 81615 22514 53328 43988 1 138094 138094 719415 248548 470867 81615 225727 78430 58647 444419 26448 1 FINANCIAL AID 145 4929812 PART I, LINE 2: THE SCHOOL OFFERS FINANCIAL AID TO FAMILIES WITH DEMONSTRATED NEED. THE GOAL OF THE SCHOOL'S FINANCIAL AID PROGRAM AND THE FINANCIAL AID COMMITTEE IS TO MAKE AWARDS TO STUDENTS WHO QUALIFY FOR AID ON THE BASIS OF FINANCIAL NEED AND WHO, IN THE SCHOOL'S JUDGMENT, ARE ABLE TO MAKE A SIGNIFICANT CONTRIBUTION TO THE SCHOOL COMMUNITY THROUGH THEIR ACADEMIC ACCOMPLISHMENTS, TALENTS, AND PERSONAL ATTRIBUTES. THE FINANCIAL AID PROCESS INVOLVES APPLYING CONSISTENT PRINCIPLES TO ALL APPLICANTS TO DETERMINE WHICH FAMILIES ARE THE MOST IN NEED OF FINANCIAL AID GRANTS. LIKE THOUSANDS OF INDEPENDENT SCHOOLS NATIONWIDE, BUCKLEY UTILIZES STUDENT SERVICES FOR FINANCIAL AID (SSS), AN INDEPENDENT NEEDS-ASSESSMENT PROGRAM, FOR ITS FINANCIAL AID PROCESS. FAMILIES INTERESTED IN APPLYING FOR FINANCIAL ASSISTANCE, THEREFORE, MUST APPLY BY FEBRUARY 15 FOR THE FOLLOWING SCHOOL YEAR BY COMPLETING THE PARENTS' FINANCIAL STATEMENT (PFS) ONLINE AT SSS.NAIS.ORG. THIS FORM GATHERS IN ONE PLACE THE RELEVANT INFORMATION ABOUT FAMILY SIZE, INCOME, EXPENSES, AND MORE. SSS THEN ANALYSES THE INFORMATION ON THE PFS TO ESTIMATE A FAMILY'S ABILITY TO CONTRIBUTE TO A CHILD'S EDUCATIONAL EXPENSES, SO THAT SCHOOLS CAN, IN TURN, CALCULATE A FAMILY'S FINANCIAL NEED AND DETERMINE THE AMOUNT OF ANY FINANCIAL AID GRANT. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 ALONA HILARY SCOTT HEAD OF SCHOOL 370907 0 50000 0 40322 0 15250 0 239361 0 715840 0 0 0 ELIZABETH M TURCHAN CHIEF FINANCIAL OFFICER 378349 0 30000 0 14112 0 24400 0 24365 0 471226 0 0 0 MICHELLE WENKER SCHROTH DIRECTOR OF ADVANCEMENT 195736 0 4000 0 8857 0 8168 0 32667 0 249428 0 0 0 ADRIENNE M PARSONS HEAD OF LOWER SCHOOL 187225 0 1500 0 8729 0 16021 0 24963 0 238438 0 0 0 ERWIN WONG DIRECTOR OF ENROLLMENT MANAGEMENT 187853 0 1500 0 10071 0 9964 0 22865 0 232253 0 0 0 GEORGE A RUSSO DEAN OF STUDENTS 151062 0 30000 0 12137 0 15424 0 22865 0 231488 0 0 0 DONALD SMITH JR HEAD OF MIDDLE SCHOOL 174960 0 0 0 9310 0 9344 0 23799 0 217413 0 0 0 PART I, LINE 1A PER THE EMPLOYMENT AGREEMENT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE AT A HOUSE OWNED BY THE SCHOOL. ESTIMATED RENT FOR THE CALENDAR YEAR IS $150,000. PART I, LINE 7 BONUSES ARE MADE UPON THE DISCRETION OF THE HEAD OF SCHOOL. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2020-04-07 19970000 TO REFUND PRIOR ISSUES 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2020-12-17 22965500 TO REFUND PRIOR ISSUES 0 0 0 A 651800 19970000 112643 2902716 16954641 2013 1 0 1 1 B 280013 22965500 111552 3705933 19148015 2013 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 9 136193 FMV X AUCTION ITEMS 125 88690 FMV 0 0 1 1 PART I, COLUMN (B): REPRESENTS INDIVIDUAL CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THE SCHOOL USES ITS INVESTMENT CUSTODIAN TO PROCESS AND SELL STOCK DONATIONS. FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES CONSISTING OF THE BOARD CHAIR, WHO SHALL CHAIR THE EXECUTIVE COMMITTEE, THE OTHER OFFICERS OF THE CORPORATION AND THE CHAIRPERSONS OF ALL STANDING COMMITTEES (AS HEREINAFTER DEFINED). THE EXECUTIVE COMMITTEE SHALL EXERCISE SUCH POWERS AND PERFORM SUCH ACTS AS THE BOARD OF TRUSTEES MAY FROM TIME TO TIME DELEGATE TO IT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY THE CFO AND AUDIT COMMITTEE PRIOR TO FINALIZATION. THE FINAL COPY IS DISTRIBUTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EMPLOYEE IS REQUIRED TO SIGN A CONFLICT OF INTEREST FORM. TRUSTEES HAVE AN OBLIGATION TO SELF-DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AT THE TIME THEY ARISE. IF THE DISCLOSURE OCCURS IN A BOARD MEETING, THE TRUSTEE SHALL LEAVE THE MEETING AND THE BOARD WILL DISCUSS AND VOTE UPON WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER IT SHOULD BE REFERRED TO COMMITTEE FOR FURTHER CONSIDERATION. IF THE DISCLOSURE IS MADE OUTSIDE OF THE CONTEXT OF A MEETING, THEN THE DETERMINATION OF WHETHER A CONFLICT EXISTS WILL BE REFERRED TO THE AUDIT COMMITTEE FOR DECISION AND ACTION. TRUSTEES ARE ALSO REQUIRED TO ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY WHICH CONTAINS A CONFLICT OF INTEREST DISCLOSURE FORM WHERE TRUSTEES ARE REQUIRED TO DISCLOSE ONGOING RELATIONSHIPS AND INTERESTS THAT MAY PRESENT A CONFLICT OF INTEREST. EMPLOYEES ARE ALSO REQUIRED TO SIGN ANNUAL POLICIES AND TO DISCLOSE ANY CONFLICTS. ANY CONFLICTS ARE DISCUSSED WITH THE HEAD OF SCHOOL AND DIRECTOR OF HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD SETS THE COMPENSATION FOR THE HEAD OF SCHOOL. THE BOARD UTILIZED AN OUTSIDE CONSULTANT TO RECRUIT THE HEAD OF SCHOOL AND DETERMINE A COMPETITIVE COMPENSATION LEVEL TO ENSURE THAT THE COMPENSATION OFFERED DOES NOT CONSTITUTE AN EXCESS BENEFIT TRANSACTION WITHIN THE MEANING OF IRC SECTION 4958. THE OUTSIDE CONSULTANT COMPARED COMPENSATION PACKAGES FROM OTHER INDEPENDENT SCHOOLS IN THE AREA FOR SIMILAR SCHOOLS. FORM 990, PART VI, SECTION C, LINE 18 THE INFORMATION IS AVAILABLE FOR THE PUBLIC INSPECTION UPON REQUEST. 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 ON REQUEST AND AN ANNUAL REPORT IS ISSUED TO OUR CONSTITUENTS AND MAINTAINED AT THE SCHOOL FOR REVIEW. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.