Civic Intelligence

Viewpoint Educational Foundation

990 • Fiscal year 2019 • EIN 95-2242261

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 23, 2020

23620 Mulholland HwyCalabasas, CA 91302

(818) 591-6500

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.59x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

1.41x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Net Margin

36th percentile

0.7%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$606,653

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

33rd percentile

1.1%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

2.5%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$127,223,042

Up $1,387,480 (+1.1%) from 2018

Net Assets

Up

$51,714,371

Up $1,584,211 (+3.2%) from 2018

Liabilities

Down

$75,508,671

Down $196,731 (-0.3%) from 2018

Revenue

Up

$53,551,378

Up $1,312,807 (+2.5%) from 2018

Expenses

Down

$53,178,249

Down $1,501 (-0.0%) from 2018

Net Income

Up

$373,129

Up $1,314,308 (+140%) from 2018

Historical Trend

Balance Sheet Trend

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

$200M$150M$100M$50M$0Assets 2010: $79,434,110Liabilities 2010: $48,447,184Net Assets 2010: $30,986,9262010Assets 2011: $91,393,610Liabilities 2011: $53,251,709Net Assets 2011: $38,141,9012011Assets 2012: $87,977,915Liabilities 2012: $51,424,965Net Assets 2012: $36,552,9502012Assets 2013: $90,847,949Liabilities 2013: $52,171,740Net Assets 2013: $38,676,2092013Assets 2014: $103,322,754Liabilities 2014: $60,855,379Net Assets 2014: $42,467,3752014Assets 2015: $113,047,153Liabilities 2015: $68,574,234Net Assets 2015: $44,472,9192015Assets 2016: $115,825,737Liabilities 2016: $68,160,701Net Assets 2016: $47,665,0362016Assets 2017: $117,532,965Liabilities 2017: $67,431,009Net Assets 2017: $50,101,9562017Assets 2018: $125,835,562Liabilities 2018: $75,705,402Net Assets 2018: $50,130,1602018Assets 2019: $127,223,042Liabilities 2019: $75,508,671Net Assets 2019: $51,714,3712019Assets 2020: $121,963,891Liabilities 2020: $69,047,403Net Assets 2020: $52,916,4882020Assets 2021: $147,164,644Liabilities 2021: $92,220,188Net Assets 2021: $54,944,4562021Assets 2022: $149,987,124Liabilities 2022: $93,642,804Net Assets 2022: $56,344,3202022Assets 2023: $157,080,972Liabilities 2023: $99,370,078Net Assets 2023: $57,710,8942023Assets 2024: $168,607,954Liabilities 2024: $102,586,234Net Assets 2024: $66,021,7202024

Highlighted filing

2019

Assets$127,223,042
Liabilities$75,508,671
Net Assets$51,714,371

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $34,960,9372010Expenses 2011: $36,421,5132011Expenses 2012: $42,405,0852012Expenses 2013: $41,989,1432013Revenue 2014: $45,631,497Expenses 2014: $43,441,629Net Income 2014: $2,189,8682014Revenue 2015: $48,476,727Expenses 2015: $46,886,725Net Income 2015: $1,590,0022015Revenue 2016: $52,468,814Expenses 2016: $49,545,637Net Income 2016: $2,923,1772016Revenue 2017: $53,071,061Expenses 2017: $51,763,446Net Income 2017: $1,307,6152017Revenue 2018: $52,238,571Expenses 2018: $53,179,750Net Income 2018: -$941,1792018Revenue 2019: $53,551,378Expenses 2019: $53,178,249Net Income 2019: $373,1292019Revenue 2020: $55,390,193Expenses 2020: $55,389,350Net Income 2020: $8432020Revenue 2021: $51,317,532Expenses 2021: $53,996,361Net Income 2021: -$2,678,8292021Revenue 2022: $62,182,085Expenses 2022: $57,091,670Net Income 2022: $5,090,4152022Revenue 2023: $61,690,381Expenses 2023: $62,272,871Net Income 2023: -$582,4902023Revenue 2024: $72,842,231Expenses 2024: $67,755,540Net Income 2024: $5,086,6912024

Highlighted filing

2019

Revenue$53,551,378
Expenses$53,178,249
Net Income$373,129
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 23, 2020
Return Version
2018v3.1
Gross Receipts
$53,749,490
Mission and Program Overview

Mission

Viewpoint school is a welcoming, vibrant, and collaborative community that offers a challenging and enriched college preparatory education in a nurturing environment for students in kindergarten through twelfth grade. The school embraces students and families from diverse cultures of the world and teaches the history and wisdom of these traditions.viewpoint inspires a love of learning and develops those qualities which provide strength and direction for a lifetime. The school promotes among its students respect, integrity, responsibility, and optimism. The school celebrates its love of country by commemorating our nation's holidays and honoring its finest traditions. Viewpoint affirms in its assemblies and programs the ethical principles inherent in all religions. Viewpoint's students learn the importance of service to others and to the greater community with the expectation that this introduction becomes a lifelong commitment.

The school provides educational services for students in kindergarten through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,704,324$66,071,423▼ $2,632,901
Savings and Temporary Cash Investments$37,642,509$39,079,097▲ $1,436,588
Investments in Publicly Traded Securities$17,275,238$18,915,818▲ $1,640,580
Prepaid Expenses and Deferred Charges$305,243$668,439▲ $363,196
Cash and Non-Interest-Bearing Accounts-$489,484-
Pledges and Grants Receivable$572,245$342,814▼ $229,431
Accounts Receivable$114,133$77,583▼ $36,550
Inventories for Sale or Use$37,663$46,731▲ $9,068
Total Assets$125,835,562$127,223,042▲ $1,387,480
Other Assets Total$1,184,207$1,531,653▲ $347,446
Liabilities
Tax Exempt Bond Liabilities$38,402,751$37,372,161▼ $1,030,590
Deferred Revenue$29,815,250$30,766,630▲ $951,380
Accounts Payable and Accrued Expenses$2,763,434$2,683,983▼ $79,451
Mortgage Notes Payable Secured by Investment Property$2,689,905$2,604,561▼ $85,344
Other Liabilities$2,034,062$2,081,336▲ $47,274
Total Liabilities$75,705,402$75,508,671▼ $196,731
Net Assets / Fund Balance
Unrestricted Net Assets$42,557,902$44,212,777▲ $1,654,875
Permanently Rstr Net Assets$3,995,086$3,995,095▲ $9
Temporarily Rstr Net Assets$3,577,172$3,506,499▼ $70,673
Total Net Assets Fund Balance$50,130,160$51,714,371▲ $1,584,211
Total Liabilities and Net Assets / Fund Balance$125,835,562$127,223,042▲ $1,387,480

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,032,409$26,296,814$75,329,223
Land$9,540,492-$9,540,492
Equipment$1,572,093$7,775,968$9,348,061
Leasehold Improvements$5,817,649$3,059,214$8,876,863
Other Land Buildings$108,780$368,520$477,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$17,421,086$476,805▲ $1,543,458$617,936$18,823,413
2017$15,794,085$818,098▲ $1,364,970$556,067$17,421,086
2016$14,303,220$500,305▲ $1,515,168$524,608$15,794,085
2015$13,553,297$550,605▲ $566,829$367,511$14,303,220
2014$13,195,301$21,009▲ $660,267$323,280$13,553,297
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MckeeHead of SchoolFT$468,817$137,836$606,653
Robert BryanAssoc Head of SchoolFT$301,602$39,284$340,886
Lissa SholtyCFOFT$277,398$38,592$315,990
Laurel Baker TewChief Enrollment OfficerFT$226,353$36,338$262,691
Amy MaentzDirector of Strategic PartFT$219,178$29,269$248,447
Alan HowieHead of Upper SchoolFT$190,646$17,042$207,688
Patrick MoyalDirector of AthleticsFT$184,204$15,014$199,218
David McadooChief Operations OfficerFT$181,719$16,585$198,304
Daryl ThrasherFormer It Director (thru 3/18)FT$40,383$149,154$189,537
Cathy AdelmanHead of Primary SchoolFT$170,578$15,368$185,946

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCFood Service1402 YORK ROAD SUITE 100, Lutherville, MD 21093$1,293,562
Tumbleweed TransportationBus ServicePO BOX 49291, Los Angeles, CA 90049$600,065
Syntax Builders INCConstruction Services2945 HONOLULU AVE, La Crescenta, CA 91214$381,494
Trl SystemsSecurity9531 MILLIKEN AVE, Rancho Cucamonga, CA 91730$381,494
Cisco System Capital CorpInternet ServicePO BOX 41602, Philadelphia, PA 19101-1602$144,281
Revenue and Support

Revenue Composition

Contributions and Grants
$2,276,314
Program Service Revenue
$50,040,717
Investment Income
$930,937
Other Revenue
$303,410
All Other Contributions
$2,180,333
Change in Net Assets
$373,129

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$81,100Fair Market Value (FMV)
Other Non Cash Contri Table3$42,250Fair Market Value (FMV)
Total Noncash Contributions9$123,350-

Audited Revenue Reconciliation

Revenue per Audited Statements
$48,923,225
Revenue Not Reported on Financial Statements
$4,628,153
Revenue Not Reported on Form 990
$1,211,082
Other Revenue Adjustments
$4,628,153
Total Revenue per Audited Statements
$50,134,307
Total Revenue per Form 990
$53,551,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$32,051,812
Other Expenses$16,498,284
Grants and Similar Amounts Paid$4,628,153
Total Fundraising Expense$990,729
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,332,675$2,835,393$310,885$24,478,953
Grants to Domestic Individuals$4,628,153--$4,628,153
Depreciation Depletion$3,523,433$395,891$39,589$3,958,913
Other Employee Benefits$2,611,974$570,381$106,599$3,288,954
Occupancy$1,757,544$197,477$19,848$1,974,869
Payroll Taxes$1,298,907$513,205$42,608$1,854,720
Interest$1,345,959$151,231$15,123$1,512,313
Current Officers, Directors, Trustees, and Key Employees$708,670$610,168$107,577$1,426,415
Pension Plan Contributions$685,063$290,769$26,938$1,002,770
Office Expenses$370,589$298,235$11,933$680,757
Other Expenses$612,949$465,332$227,046$612,949
Information Technology$422,421$114,473$39,943$576,837
Insurance$446,111$50,125$5,012$501,248
All Other Expenses$272,016$148,039$5,739$425,794
Fees for Services Legal-$153,191-$153,191
Conferences and Meetings$73,036$56,799$9,231$139,066
Fees for Services Accounting-$59,515-$59,515
Advertising$8,939$17,412-$26,351
Fees for Services Other--$22,658$22,658
Total Functional Expenses$45,259,884$6,927,636$990,729$53,178,249

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$53,178,249
Expenses per Audited Statements$48,550,096
Total Expenses per Audited Statements$48,550,096
Expenses Not Reported on Financial Statements$4,628,153
Other Expense Adjustments$4,628,153
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$501,522
Fundraising Direct Expenses$198,112
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dance$522,751$426,770$35,707$391,063
Parent Association Events$42,736$42,736$57,325$-14,589
Total Events$597,503$501,522$198,112$303,410
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Liability$2,081,336

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Statewide Communities Development2012-03-21$39,740,000CAPITAL IMPROVEMENTS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$39,740,000$33,165,719$2,003,611$230,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 11B

The draft form 990 was circulated and reviewed in a trustee meeting and posted on the trustee secure web page prior to filing.

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

Trustees are required to sign and return a conflict of interest policy annually. The president and cfo review the statements to identify and address potential conflicts. The employee handbook which is distributed annually and confirmation of receipt received by every employee has a section dedicated to conflict of interest

Form 990, Part VI, Section B, Line 15

The trustee executive committee reviews the executive compensation. For the head of school compensation, the committee engaged outside consultants for "safe harbor and benchmarking analyses. For the associate headmaster and the chief financial officer, the salaries were benchmarked against cais and nais survey data prior to extension of the offers.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Viewpoint Educational Foundation
EIN
95-2242261
Phone
8185916500
Address
23620 MULHOLLAND HWY, CALABASAS, CA 91302

Signing Officer

Name
Lissa Sholty
Title
CFO
Phone
8185916500
Signed
2020-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lissa Sholty
Formed
1961
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
493
Volunteers
180

Preparer

Firm
Armanino Llp
Address
12657 ALCOSTA BLVD STE 500, SAN RAMON, CA 94583-4600
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Viewpoint school is a welcoming, vibrant, and collaborative community that offers a challenging and enriched college preparatory education in a nurturing environment for students in kindergarten through twelfth grade. The school embraces students and families from diverse cultures of the world and teaches the history and wisdom of these traditions. Viewpoint inspires a love of learning and develops those qualities which provide strength and direction for a lifetime. The school promotes among its students respect, integrity, responsibility, and optimism. The school celebrates its love of country by commemorating our nation's holidays and honoring its finest traditions. Viewpoint affirms in its assemblies and programs the ethical principles inherent in all religions. Viewpoint's students learn the importance of service to others and to the greater community with the expectation that this introduction becomes a lifelong commitment. Viewpoint recognizes the uniqueness of each child and is committed to the preservation and development of that individuality.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The appropriation of endowment funds will be used for general educational program services.

PART X, LINE 2:

The school is a qualified organization exempt from federal income and california franchise taxes under the provisions of sections 501(c)(3) of the internal revenue code and 23701(d) of the california revenue and taxation code, respectively. The school has evaluated its current tax positions and has concluded that as of june 30, 2019 and 2018, the school does not have any significant uncertain tax positions for which a reserve would be necessary.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 4,628,153.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 4,628,153.

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IRS990/Desc0THE FOUNDATION OPERATES VIEWPOINT SCHOOL, AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL WITH STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE, FOUNDED IN 1961. SITUATED ON A 40-ACRE CAMPUS NESTLED IN THE FOOTHILLS IN CALABASAS, CALIFORNIA, VIEWPOINT IS HOME TO 1,215 STUDENTS, MAKING IT THE FIFTH LARGEST INDEPENDENT SCHOOL IN THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS. VIEWPOINT OFFERS 29 ADVANCED PLACEMENT (AP) AND 16 HONORS COURSES, FIELDS MORE THAN 130 ATHLETIC TEAMS FOR BOYS AND GIRLS IN GRADES FOUR THROUGH TWELVE, AND OFFERS A RICH SELECTION OF CORE COURSES, WITH ELECTIVES THAT INCLUDE THEATER, DANCE, COMPUTER ANIMATION, FILMMAKING, OCEANOGRAPHY, ROBOTICS, ADVANCED LANGUAGE STUDIES, AND INTERNATIONAL RELATIONS.VIEWPOINT'S CAREFULLY MAPPED JOURNEY FROM KINDERGARTEN THROUGH GRADE TWELVE EMBRACES MULTI-SENSORY AND HANDS-ON LEARNING, ENCOURAGING COLLABORATION, CREATIVITY, CRITICAL THINKING, COMMUNICATION, AND PROBLEM SOLVING - SKILLS THAT ARE CRITICAL TO SUCCESS IN THE 21ST CENTURY. VIEWPOINT'S EXPERT, IMAGINATIVE, AND CARING EDUCATORS KNOW AND PASSIONATELY BELIEVE IN EACH STUDENT, HELPING EVERY STUDENT TO DISCOVER HIS OR HER DISTINCT VOICE. VIEWPOINT'S BALANCED YET CHALLENGING ACADEMIC PROGRAM PROVIDES OPPORTUNITIES FOR ITS STUDENTS TO GO BEYOND THE CLASSROOM AND THE STANDARD CURRICULUM AND TO STRETCH THEMSELVES IN PURSUIT OF THE ARTS, THE HUMANITIES, MATH, ENGINEERING, SCIENCE, AND ATHLETICS. VIEWPOINT'S STUDENTS ENGAGE WITH THE WORLD AROUND THEM THROUGH SERVICE-LEARNING AND COMMUNITY SERVICE PROGRAMS AND GRADUATE AS LIFELONG LEARNERS AND PRODUCTIVE, ACTIVE CITIZENS WHO SERVE THEIR COMMUNITIES. VIEWPOINT'S GRADUATES ATTEND THE TOP UNIVERSITIES AND ARE WELL-PREPARED TO SUCCEED IN COLLEGE AND IN LIFE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt25ASSOC HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt26CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF ENROLLMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIR OF STRATEGIC PART
IRS990/Form990PartVIISectionAGrp/TitleTxt29HEAD OF UPPER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR OF ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt31CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt32HEAD OF PRIMARY SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt33FORMER IT DIRECTOR (THRU 3/18)
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$169$103$66.0$72.8$67.8$5.09
2023Detailed filing. Detailed filing data is available for this year.$157$99.4$57.7$61.7$62.3$0.58
2022Detailed filing. Detailed filing data is available for this year.$150$93.6$56.3$62.2$57.1$5.09
2021Detailed filing. Detailed filing data is available for this year.$147$92.2$54.9$51.3$54.0$2.68
2020Detailed filing. Detailed filing data is available for this year.$122$69.0$52.9$55.4$55.4$0.00
2019Detailed filing. Detailed filing data is available for this year.$127$75.5$51.7$53.6$53.2$0.37
2018Detailed filing. Detailed filing data is available for this year.$126$75.7$50.1$52.2$53.2$0.94
2017Detailed filing. Detailed filing data is available for this year.$118$67.4$50.1$53.1$51.8$1.31
2016Detailed filing. Detailed filing data is available for this year.$116$68.2$47.7$52.5$49.5$2.92
2015Detailed filing. Detailed filing data is available for this year.$113$68.6$44.5$48.5$46.9$1.59
2014Detailed filing. Detailed filing data is available for this year.$103$60.9$42.5$45.6$43.4$2.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.8$52.2$38.7$42.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.0$51.4$36.6$42.4
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.4$53.3$38.1$36.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.4$48.4$31.0$35.0