2025-05-09T13:05:49-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-07-01 592298398 VANGUARD SCHOOL OF LAKE WALES FLORIDA INC VANG 8636766091 22000 US HIGHWAY 27 LAKE WALES FL 33859 LU SHANNON GRAVES HEAD OF SCHOOL 8636766091 2025-05-09 1 1 LACEY M QUATSOE P01300865 4078021200 2025-05-09 2023 2025-03-06 01:10:19Z LU SHANNON GRAVES 22000 US HIGHWAY 27 LAKE WALES FL 33859 5257327 0 X WWW.VANGUARDSCHOOL.ORG X 1983 FL AN INDEPENDENT, CO-EDUCATIONAL, BOARDING AND DAY SCHOOL FOR STUDENTS WHO LEARN DIFFERENTLY 10 10 57 10 0 0 798043 658137 4368262 4185826 97680 286766 39656 13143 5303641 5143872 1040931 1339146 0 0 2388361 2333583 0 0 69173 1964188 2144528 5393480 5817257 -89839 -673385 8624606 8471747 865349 1313558 7759257 7158189 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 4621485 1339146 4188726 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. 4621485 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 X TIM KNAVEL 8636766091 22000 US HWY 27 LAKE WALES FL 33859 CHARLES BALDWIN CHAIRMAN 0.50 X X 0 0 0 VICTOR STORY VICE CHAIRMAN AND TREASURER 0.50 X X 0 0 0 SUSAN CRAIG SECRETARY 0.50 X X 0 0 0 ROBERT FINE MEMBER 0.50 X 0 0 0 LOIS HARRISON MEMBER 0.50 X 0 0 0 REBEKAH JAHNA MEMBER 0.50 X 0 0 0 MIKE MURPHY MEMBER 0.50 X 0 0 0 KATE RUTLEDGE MEMBER 0.50 X 0 0 0 AMY STETTNER MEMBER 0.50 X 0 0 0 PAT WEBER MEMBER 0.50 X 0 0 0 SHANNON GRAVES HEAD OF SCHOOL 50.00 X 238155 0 62358 TAMIKA SMITH CFO - THRU 8/2023 50.00 X 51340 0 10531 TIM KNAVEL CFO - AS OF 8/2023 50.00 X 35337 0 6351 324832 0 79240 1 0 1 0 FLIK DINING PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICE 409665 1 658137 1005 658137 TUITION & STUDENT FEES 611110 4108365 4108365 SUMMER SCHOOL REVENUE 611110 77461 77461 4185826 221 221 550 0 550 550 550 400000 113455 286545 286545 286545 INSURANCE CLAIMS 900099 9366 9366 THANKSGIVING STAY 611110 2900 2900 CONCESSIONS 900099 327 327 12593 5143872 4188726 0 297009 X 100 100 1339046 1339046 396567 276192 108479 11896 1575650 1097375 431005 47270 39410 27448 10780 1182 161324 101717 55601 4006 160632 111874 43939 4819 7650 7650 58353 58353 9084 9084 586666 513259 73407 82163 82163 119687 95871 23816 56378 26703 29675 231367 208230 23137 30477 30477 70059 70059 20820 18738 2082 391357 352221 39136 358426 322583 35843 REPAIRS 102367 92130 10237 ATHLETICS EXPENSES 7521 7521 EQUIPMENT RENTAL 6384 6384 GRADUATION EXPENSES 1308 1308 4461 4461 5817257 4621485 1126599 69173 81067 76212 387318 547598 8244 14687 213832 210485 12849038 7492152 5659685 5356886 2274460 2265879 8624606 8471747 274407 306370 101465 534262 489477 472926 865349 1313558 X 7446560 6828938 312697 329251 7759257 7158189 8624606 8471747 X -673385 113958 -41641 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 221 250221 250000 250000 250000 250000 0.00000 0.87211 0.12789 0 0 102792 102792 11351768 6431610 4920158 1260489 1060542 199947 133989 133989 5356886 X 3909700 113958 -1313046 -1199088 5108788 9084 26000 35084 5143872 4510768 41641 41641 4469127 9084 1339046 1348130 5817257 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 IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES ON EXEMPT INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONDITION DEDUCTION UNDER SECTION 170(B)(1)(A). ALTHOUGH ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) PAY NO TAX ON THEIR EXEMPT FUNCTION INCOME, THEY CAN BE LIABLE FOR BUSINESS TAX ON INCOME THEY EARN FROM ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2024, MANAGEMENT BELIEVES THE SCHOOL ENGAGED IN NO ACTIVITIES THAT WERE NOT RELATED TO THEIR EXEMPT PURPOSE. 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: FINANCIAL AID -1,313,046. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REVENUE 26,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR BAD DEBT EXPENSE 41,641. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,313,046. DISCOUNTED TUITION 26,000. 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 6 THE VANGUARD SCHOOL RECEIVES STEP UP FOR STUDENTS SCHOLARSHIPS DIRECTLY FROM THE STATE OF FLORIDA ON BEHALF OF STUDENTS TO BE CREDITED AGAINST TUITION AND FEES. 1 FINANCIAL AID 62 1339046 N/A N/A PART I, LINE 2: ELIGIBILITY BEGINS WITH THE EMPLOYMENT OF A THIRD-PARTY VENDOR, SCHOOL & STUDENT SERVICES, WHICH ASSISTS THE VANGUARD SCHOOL IN CREATING A FINANCIAL PROFILE OF PARENTS/GUARDIANS. THIS REPORT HELPS INFORM THE CALCULATIONS OF FINANCIAL ASSISTANCE AWARDS BASED ON THE GATHERED INFORMATION. THE INFORMATION IS THEN DISTRIBUTED TO THE SCHOLARSHIP COMMITTEE. 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 X 0 0 0 0 0 0 0 0 0 SHANNON GRAVES HEAD OF SCHOOL 237375 0 0 0 780 0 9500 0 52858 0 300513 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, VANGUARD SCHOOL-OWNED HOUSING IS PROVIDED TO THE HEAD OF SCHOOL FOR THE CONVENIENCE OF THE SCHOOL. THIS BENEFIT WAS NOT CONSIDERED TAXABLE, AND THE VALUE OF THE HOUSING BENEFIT OF $24,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 1B THE VANGUARD SCHOOL OF LAKE WALES DOES NOT REIMBURSE THE HEAD OF SCHOOL FOR ANY EXPENSES. ALL BENEFITS PROVIDED TO THE HEAD OF SCHOOL ARE PAID FOR DIRECTLY BY THE VANGUARD SCHOOL. 26000 DISC. TUITION DISC. TUITION 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 A, LINE 7A THE VANGUARD SCHOOL OF LAKE WALES, FLORIDA, INC. BOARD OF TRUSTEES SHALL HAVE ONE (1) VOTING MEMBER APPOINTED BY THE CHAIRMAN OF THE VANGUARD SCHOOL FOUNDATION AND THAT IS THE PRESIDENT OF THE VANGUARD SCHOOL BOARD OF TRUSTEES. THE PRESIDENT OF THE VANGUARD BOARD OF TRUSTEES IS A VOTING MEMBER OF THE VANGUARD SCHOOL FOUNDATION, INC. UPON APPOINTMENT, THEY SHALL BE ELECTED TO A NON-EXPIRING TERM AT THE NEXT ANNUAL MEETING. SHOULD THEIR TERM ON THE VANGUARD BOARD OF DIRECTORS EXPIRE, THEIR APPOINTMENT TO THE FOUNDATION BOARD WILL BE REVOKED, OR THEY WILL BE REMOVED FROM THE VANGUARD BOARD BY AN ACTION OF THE VANGUARD SCHOOL BOARD OF DIRECTORS, THEIR TERM ON THE FOUNDATION BOARD OF TRUSTEES SHALL EXPIRE AT THE SAME TIME. ADDITIONAL MEMBERS OF THE VANGUARD BOARD OF DIRECTORS ARE NOT PRECLUDED FROM SERVING ON THE FOUNDATION BOARD OF TRUSTEES THROUGH THE REGULAR TUSTEE ELECTION PROCESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE HEAD OF SCHOOL AND CFO PRIOR TO FILING WITH THE IRS. 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 WHILE REVIEWING AND DETERMINING THE COMPENSATION OF THE HEAD OF SCHOOL, THE CFO, AND OTHER EMPLOYEES. 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 445,045. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 445,045. COUNSELING FEES: PROGRAM SERVICE EXPENSES 10,489. MANAGEMENT AND GENERAL EXPENSES 16,541. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,030. SPEECH CONSULTING FEES: PROGRAM SERVICE EXPENSES 17,608. MANAGEMENT AND GENERAL EXPENSES 5,842. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,450. PEO ADMIN FEES: PROGRAM SERVICE EXPENSES 9,828. MANAGEMENT AND GENERAL EXPENSES 3,262. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,090. ALL OTHER FEES: PROGRAM SERVICE EXPENSES 30,289. MANAGEMENT AND GENERAL EXPENSES 47,762. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,051. FORM 990, PART XI, LINE 9: PROVISION FOR BAD DEBT EXPENSE -41,641.