Civic Intelligence

Valley Preparatory School

990 • Fiscal year 2016 • EIN 95-2001588

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 14, 2017

1605 Ford StreetRedlands, CA 92373

(909) 793-3063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

53rd percentile

0.12x

Higher debt load relative to revenue than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$90,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

62nd percentile

5.0%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,343,210

Up $63,463 (+5.0%) from 2015

Net Assets

Up

$1,095,484

Up $344,923 (+46%) from 2015

Liabilities

Down

$247,726

Down $281,460 (-53%) from 2015

Revenue

Up

$2,032,566

Up $209,643 (+12%) from 2015

Expenses

Up

$1,687,643

Up $208,071 (+14%) from 2015

Net Income

Up

$344,923

Up $1,572 (+0.5%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,098,542Liabilities 2011: $1,283,215Net Assets 2011: -$184,6732011Assets 2012: $1,393,984Liabilities 2012: $1,241,799Net Assets 2012: $152,1852012Assets 2013: $2,095,665Liabilities 2013: $1,922,409Net Assets 2013: $173,2562013Assets 2014: $1,930,135Liabilities 2014: $1,523,462Net Assets 2014: $406,6732014Assets 2015: $1,279,747Liabilities 2015: $529,186Net Assets 2015: $750,5612015Assets 2016: $1,343,210Liabilities 2016: $247,726Net Assets 2016: $1,095,4842016Assets 2017: $1,511,474Liabilities 2017: $350,644Net Assets 2017: $1,160,8302017Assets 2018: $1,433,836Liabilities 2018: $263,115Net Assets 2018: $1,170,7212018Assets 2019: $1,475,697Liabilities 2019: $399,078Net Assets 2019: $1,076,6192019Assets 2020: $1,527,703Liabilities 2020: $500,997Net Assets 2020: $1,026,7062020Assets 2021: $1,917,590Liabilities 2021: $602,829Net Assets 2021: $1,314,7612021Assets 2022: $1,820,330Liabilities 2022: $282,354Net Assets 2022: $1,537,9762022Assets 2023: $2,548,036Liabilities 2023: $353,680Net Assets 2023: $2,194,3562023Assets 2024: $2,606,158Liabilities 2024: $283,674Net Assets 2024: $2,322,4842024

Highlighted filing

2016

Assets$1,343,210
Liabilities$247,726
Net Assets$1,095,484

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,771,4072011Expenses 2012: $1,670,3442012Expenses 2013: $1,769,5872013Revenue 2014: $2,097,464Expenses 2014: $1,864,047Net Income 2014: $233,4172014Revenue 2015: $1,822,923Expenses 2015: $1,479,572Net Income 2015: $343,3512015Revenue 2016: $2,032,566Expenses 2016: $1,687,643Net Income 2016: $344,9232016Revenue 2017: $2,114,267Expenses 2017: $2,048,921Net Income 2017: $65,3462017Revenue 2018: $2,034,219Expenses 2018: $2,046,540Net Income 2018: -$12,3212018Revenue 2019: $2,069,998Expenses 2019: $2,190,473Net Income 2019: -$120,4752019Revenue 2020: $2,110,117Expenses 2020: $2,161,545Net Income 2020: -$51,4282020Revenue 2021: $2,151,177Expenses 2021: $1,945,423Net Income 2021: $205,7542021Revenue 2022: $2,562,121Expenses 2022: $2,120,845Net Income 2022: $441,2762022Revenue 2023: $2,829,119Expenses 2023: $2,356,184Net Income 2023: $472,9352023Revenue 2024: $2,616,379Expenses 2024: $2,596,776Net Income 2024: $19,6032024

Highlighted filing

2016

Revenue$2,032,566
Expenses$1,687,643
Net Income$344,923
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 14, 2017
Return Version
2015v3.0
Gross Receipts
$2,066,662
Mission and Program Overview

Mission

The mission of valley preparatory school is to inspire each student to reach his/her potential through a student-centered, enriched college preparatory educational program for grades pre-school through eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$783,008$670,430▼ $112,578
Land, Buildings, and Equipment, Net$398,298$491,921▲ $93,623
Investments Other Securities$9,065$99,697▲ $90,632
Prepaid Expenses and Deferred Charges$1,500$34,348▲ $32,848
Savings and Temporary Cash Investments$24,838$30,808▲ $5,970
Accounts Receivable$63,038$16,006▼ $47,032
Total Assets$1,279,747$1,343,210▲ $63,463
Liabilities
Deferred Revenue$130,577$167,067▲ $36,490
Accounts Payable and Accrued Expenses$106,317$36,787▼ $69,530
Mortgage Notes Payable Secured by Investment Property$280,728$33,216▼ $247,512
Other Liabilities$11,564$10,656▼ $908
Total Liabilities$529,186$247,726▼ $281,460
Net Assets / Fund Balance
Unrestricted Net Assets$626,165$1,015,933▲ $389,768
Temporarily Rstr Net Assets$124,396$79,551▼ $44,845
Total Net Assets Fund Balance$750,561$1,095,484▲ $344,923
Total Liabilities and Net Assets / Fund Balance$1,279,747$1,343,210▲ $63,463

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$412,154$1,097,150$1,509,304
Equipment$52,130$500,574$552,704
Land$27,637-$27,637
Other Securities$99,697--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John BlackHead of SchoolFT$90,000$90,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$197,757
Program Service Revenue
$1,810,563
Investment Income
$9,450
Other Revenue
$14,796
All Other Contributions
$132,297
Change in Net Assets
$344,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,265,921
Other Expenses$421,722
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$828,578$288,929-$1,117,507
Occupancy-$95,691-$95,691
Payroll Taxes$68,146$23,763-$91,909
Information Technology$73,606--$73,606
Depreciation Depletion-$64,678-$64,678
Other Employee Benefits$41,896$14,609-$56,505
Office Expenses-$53,122-$53,122
Fees for Services Legal-$20,284-$20,284
Insurance-$19,334-$19,334
Fees for Services Accounting-$18,875-$18,875
Interest-$13,722-$13,722
Advertising-$9,915-$9,915
Other Expenses$6,280$14,090-$6,280
Fees for Services Other-$5,360-$5,360
All Other Expenses$484$3,227-$3,711
Total Functional Expenses$1,042,044$645,599$0$1,687,643
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,096
Fundraising Gross Income$34,096
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Miscellaneous Events$26,226$17,651$17,651$0
Spring Fundraiser$73,330$16,445$16,445$0
Total Events$99,556$34,096$34,096$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust$10,656
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Board Finance committee receives, reviews and approves the tax return.

Form 990, Part VI, Section B, line 12C

Annual memos are distributed to document compliance for the year.

Form 990, Part VI, Section B, line 15

Statistical data for the surrounding area is gathered and reviewed to determine average salary for specific job requirements & responsibilities.

Form 990, Part VI, Section C, line 19

Upon written request the Organization will make available the governing documents, policies and/or financial statements.

Filing and Contact Details

Filer

Filer Name
Valley Preparatory School
EIN
95-2001588
Phone
9097933063
Address
1605 Ford Street, Redlands, CA 92373

Signing Officer

Name
Mary Jo Holmes
Title
Board Chair
Phone
9097933063
Signed
2017-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Jo Holmes
Formed
1957
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
50
Volunteers
25

Preparer

Firm
Smith Marion & Co LLP
Address
1940 Orange Tree Lane Suite 100, Redlands, CA 92374
Preparer
Janet Smith
Phone
9093072323
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IRS990/OtherExpensesGrp/Desc2Textbooks
IRS990/OtherExpensesGrp/Desc3Scholarship expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014090
IRS990/OtherExpensesGrp/ProgramServicesAmt014133
IRS990/OtherExpensesGrp/ProgramServicesAmt18921
IRS990/OtherExpensesGrp/ProgramServicesAmt26280
IRS990/OtherExpensesGrp/TotalAmt014133
IRS990/OtherExpensesGrp/TotalAmt114090
IRS990/OtherExpensesGrp/TotalAmt28921
IRS990/OtherExpensesGrp/TotalAmt36280
IRS990/OtherLiabilitiesGrp/BOYAmt011564
IRS990/OtherLiabilitiesGrp/EOYAmt010656
IRS990/OtherRevenueMiscGrp/Desc0Bad Debt Recovery
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14796
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14796
IRS990/OtherRevenueTotalAmt014796
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0288929
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0828578
IRS990/OtherSalariesAndWagesGrp/TotalAmt01117507
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023763
IRS990/PayrollTaxesGrp/ProgramServicesAmt068146
IRS990/PayrollTaxesGrp/TotalAmt091909
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034348
IRS990/PrincipalOfficerNm0Mary Jo Holmes
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0Tuition & Registration
IRS990/ProgramServiceRevenueGrp/Desc1Day Care
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01748123
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01748123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162440
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0152954
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0426
IRS990/PYOtherExpensesAmt0321176
IRS990/PYOtherRevenueAmt015746
IRS990/PYProgramServiceRevenueAmt01653797
IRS990/PYRevenuesLessExpensesAmt0343351
IRS990/PYSalariesCompEmpBnftPaidAmt01158396
IRS990/PYTotalExpensesAmt01479572
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01822923
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0344923
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024838
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030808
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt052130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500574
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0552704
IRS990ScheduleD/LandGrp/BookValueAmt027637
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027637
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0412154
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01097150
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01509304
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Funds Held in Trust
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt099697
IRS990ScheduleD/OtherSecuritiesGrp/Desc0T Rowe Price
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0491921
IRS990ScheduleD/TotalBookValueSecuritiesAmt099697
IRS990ScheduleD/TotalLiabilityAmt010656
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The non-discrimination policy is published in the Employee Handbook, Parent-Student Handbook, in our admissions materials, and on our web site. Students from every race, religion, and national origin are welcome at our school.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt065460
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt056885
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt08575
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034096
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Spring Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Miscellaneous Events
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt073330
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026226
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt099556
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016445
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017651
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034096
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034096
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016445
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt017651
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Finance committee receives, reviews and approves the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual memos are distributed to document compliance for the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Statistical data for the surrounding area is gathered and reviewed to determine average salary for specific job requirements & responsibilities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon written request the Organization will make available the governing documents, policies and/or financial statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0124396
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt079551
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01279747

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.61$0.28$2.32$2.62$2.60$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.55$0.35$2.19$2.83$2.36$0.47
2022Detailed filing. Detailed filing data is available for this year.$1.82$0.28$1.54$2.56$2.12$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.92$0.60$1.31$2.15$1.95$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.53$0.50$1.03$2.11$2.16$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.40$1.08$2.07$2.19$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.26$1.17$2.03$2.05$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.51$0.35$1.16$2.11$2.05$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.25$1.10$2.03$1.69$0.34
2015Summary only. Only limited summary data is available for this year.$1.28$0.53$0.75$1.82$1.48$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.93$1.52$0.41$2.10$1.86$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$1.92$0.17$1.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$1.24$0.15$1.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.28$0.18$1.77