2026-05-13T14:14:32-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E 16TH FLOOR LOS ANGELES CA 90067 990 2024-07-01 954869859 THE WAVERLY SCHOOL WAVE 6267925940 67 WEST BELLEVUE DRIVE PASADENA CA 91105 CLARKE WEATHERSPOON HEAD OF SCHOOL 6267925940 2026-05-12 1 1 KAREN LO P02141262 3102732501 2026-05-12 2024 2025-03-06 01:10:19Z CLARKE WEATHERSPOON 67 WEST BELLEVUE DRIVE PASADENA CA 91105 12326852 0 X HTTPS://THEWAVERLYSCHOOL.ORG/ X 2009 CA TO EDUCATE CURIOUS, RESOURCEFUL, AND CONFIDENT LEARNERS FROM PRESCHOOL TO TWELFTH GRADE. 18 13 106 20 0 0 485793 739621 10804031 11274395 119561 186083 6079 73733 11415464 12273832 2630045 2844942 0 0 6709770 7020264 0 0 318138 2773785 2989032 12113600 12854238 -698136 -580406 18542402 17855760 12288330 12182094 6254072 5673666 X THE WAVERLY SCHOOL IS A NONSECTARIAN, COEDUCATIONAL, COLLEGE PREPARATORY PROGRESSIVE DAY SCHOOL THAT SPANS PRESCHOOL THROUGH HIGH SCHOOL. IT IS FULLY ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOL AND COLLEGES AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS.THE SCHOOL PROMOTES CONFIDENT, CURIOUS, RESOURCEFUL LEARNERS WHO DEMONSTRATE INTELLECTUAL ENGAGEMENT, CRITICAL AND CREATIVE THINKING, RESPECT FOR INDIVIDUAL DIFFERENCES, AND A STRONG SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY. 0 0 11683692 2844942 11274395 THE WAVERLY SCHOOL IS A NON-PROFIT, EDUCATIONAL INSTITUTION, SERVING CHILDREN FROM PRESCHOOL THROUGH TWELFTH GRADE. THE CURRENT WHOLE SCHOOL ENROLLMENT IS 320 STUDENTS. FAMILIES WHO CHOSE THE WAVERLY SCHOOL COME FROM DIVERSE BACKGROUNDS IN TERMS OF THEIR ETHNICITY, CULTURE, SOCIOECONOMIC STATUS, PROFESSION AND EDUCATIONAL ATTAINMENT LEVEL. 11683692 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 106 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X JULI KHOE 6267925940 67 W BELLEVUE DRIVE PASADENA CA 91105 SERITA YOUNG CHAIR 2.00 X X 0 0 0 JESSICA CLEMENTS VICE CHAIR 2.00 X X 0 0 0 NOAH MAYER TREASURER 2.00 X X 0 0 0 WENDY LOPATA SECRETARY 2.00 X X 0 0 0 ANTHONY ALVARADO TRUSTEE 2.00 X 0 0 0 DEBBIE LENNON TRUSTEE 2.00 X 0 0 0 ELIZABETH LAWRENCE TRUSTEE 2.00 X 0 0 0 JOANNE TOLL TRUSTEE 2.00 X 0 0 0 KESEH MORGAN TRUSTEE 2.00 X 0 0 0 LORNE GREEN TRUSTEE 2.00 X 0 0 0 MICHAEL PINTO TRUSTEE 2.00 X 0 0 0 MONTI OLSON TRUSTEE 2.00 X 0 0 0 NADINE TANIO TRUSTEE 2.00 X 0 0 0 STEPHEN ROUNTREE TRUSTEE 2.00 X 0 0 0 VIJAY NATRAJ TRUSTEE 2.00 X 0 0 0 YVETTE BONAPARTE TRUSTEE 2.00 X 0 0 0 HARRY KIDD TRUSTEE 2.00 X 0 0 0 MELANIE SCHIFF TRUSTEE 2.00 X 0 0 0 CLARKE WEATHERSPOON HEAD OF SCHOOL 50.00 X 305416 0 26807 JULI KHOE DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 157826 0 21898 AMY SLOBODA HEAD OF MIDDLE SCHOOL 40.00 X 171600 0 1571 RICCO SIASOCO DIRECTOR OF STUDENT LIFE 40.00 X 152235 0 12670 MOLLY GELLER HEAD OF ELEMENTARY SCHOOL 40.00 X 151393 0 64313 JACK ANDERSON FACULTY AND AFTER SCHOOL DIRECTOR 40.00 X 123120 0 12950 JACK KNIGHT FACULTY 40.00 X 114361 0 19599 1175951 0 159808 9 0 1 0 HINES BUILDING MAINTENANCE PO BOX 97 MORGAN HILL CA 95038 BUILDING MAINTENANCE SERVICES 256049 SAMMY'S JANITORIAL CLEANING SERVICE 1000 FAIRVIEW AVENUE 8 ARCADIA CA 91007 JANITORIAL SERVICES 210429 2 29800 709821 739621 TUITION 611600 10281326 10281326 OTHER FEES 611710 462508 462508 AFTERSCHOOL PROGRAMS 611710 326568 326568 OTHER INSTRUCTIONAL PROGRAMS 611710 194887 194887 AUXILIARY INCOME 611710 9106 9106 11274395 186083 186083 120118 29800 53020 67098 67098 MISCELLANEOUS 900099 6635 6635 6635 12273832 11274395 0 259816 2844942 2844942 540288 274479 231499 34310 5266638 5045662 51795 169181 173521 168555 4966 596425 558233 17525 20667 443392 407665 20280 15447 100352 96856 3496 40329 40329 310664 292684 10206 7774 102985 73485 26716 2784 362672 351568 6304 4800 297422 297422 341385 313877 15615 11893 72146 66333 3300 2513 REPAIRS AND MAINTENANCE 606236 557388 27728 21120 PROGRAM EXPENSES 582529 582529 PROFESSIONAL DEVELOPMEN 54685 50279 2501 1905 117627 96013 4332 17282 12854238 11683692 852408 318138 518612 597674 5111547 4494683 1000 82575 65103 113171 101211 111147 15235103 3049097 12254377 12186006 490552 270504 18542402 17855760 635800 977848 3148521 3132795 8020177 7809687 483832 261764 12288330 12182094 X 4829738 5381363 1424334 292303 6254072 5673666 18542402 17855760 -580406 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6283270 6283270 7211627 1974728 5236899 851110 519290 331820 671271 475079 196192 217825 80000 137825 12186006 LEASE LIABILITIES 261764 261764 X 9428890 -2844942 -2844942 12273832 0 12273832 10009296 0 10009296 2844942 2844942 12854238 PART X, LINE 2: THE SCHOOL IS A NONPROFIT CORPORATION DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXATION UNDER 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. U.S. GAAP PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -2,844,942. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,844,942. 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 WAVERLY SCHOOL CELEBRATES DIVERSITY AND FOSTERS AN ATMOSPHERE OF MUTUAL RESPECT. THE SCHOOL SEEKS TO REFLECT THE DIVERSE RACIAL, ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS OF OUR COMMUNITY THROUGHOUT ALL THREE SCHOOLS. FAMILIES WHO CHOOSE THE WAVERLY SCHOOL FOR THEIR CHILDREN COME FROM DIVERSE BACKGROUNDS PROFESSIONALLY, ACADEMICALLY, SOCIALLY, ECONOMICALLY, RACIALLY AND ETHNICALLY. THE STUDENT NON-DISCRIMINATORY POLICY IS PUBLISHED IN OUR ADMISSIONS MATERIALS AND ON OUR WEB SITE. SPRING EVENT 35556 35556 3991 2187 FUNDRAISING (PIZZA) 59707 59707 21931 3 54655 29800 24855 883 1400 22628 149918 29800 120118 26805 1400 24815 53020 67098 1 FLEXIBLE TUITION 133 2844942 PART I, LINE 2: CONSISTENT WITH OUR MISSION, WAVERLY'S COMMUNITY IS SOCIOECONOMICALLY DIVERSE. A FULL THIRD OF OUR STUDENTS RECEIVE TUITION ASSISTANCE. WE ARE COMMITTED TO THESE STUDENTS AND THEIR FAMILIES, WHO ARE A VITAL PART OF OUR COMMUNITY. TUITION ASSISTANCE IS AWARDED ON THE BASIS OF PROVEN NEED AND THE AVAILABILITY OF FUNDS. ADMISSIONS DECISIONS ARE NEED-BLIND. TUITION ASSISTANCE APPLICATIONS ARE DUE NO LATER THAN FEBRUARY 1ST OF EACH YEAR IN ORDER TO BE CONSIDERED. X 1 1 X X X 0 0 0 0 0 0 0 1 0 CLARKE WEATHERSPOON HEAD OF SCHOOL 281416 0 0 0 24000 0 20048 0 6759 0 332223 0 0 0 MOLLY GELLER HEAD OF ELEMENTARY SCHOOL 151293 0 100 0 0 0 10551 0 53762 0 215706 0 0 0 JULI KHOE DIRECTOR OF FINANCE AND OPERATIONS 157726 0 100 0 0 0 11316 0 10582 0 179724 0 0 0 AMY SLOBODA HEAD OF MIDDLE SCHOOL 171500 0 100 0 0 0 1325 0 246 0 173171 0 0 0 RICCO SIASOCO DIRECTOR OF STUDENT LIFE 152135 0 100 0 0 0 4362 0 8308 0 164905 0 0 0 PART I, LINE 1A DURING 2024, CLARKE WEATHERSPOON, THE HEAD OF SCHOOL, RECEIVED HOUSING ALLOWANCE OF $24,000. EMPLOYEES OF THE SCHOOL RECEIVED BONUS OF $100 DURING 2024. BOARD MEMBERS 71855 TUITION ASSISTANCE TUITION ASSISTANCE FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE EXERCISES ALL OF THE AUTHORITY OF THE BOARD BETWEEN MEETINGS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR, THE VICE CHAIR (IF ELECTED), THE TREASURER, THE SECRETARY, AND UP TO FIVE AT-LARGE MEMBERS OF THE BOARD, APPOINTED BY THE CHAIR. THE CHAIR SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE BOARD MY DELEGATE TO THE EXECUTIVE COMMITTEE ANY OF THE POWERS OF THE BOARD SO THAT EXECUTIVE COMMITTEE MAY: 1) ACT ON BEHALF OF THE BOARD BETWEEN MEETINGS; 2) ADVISE THE HEAD OF SCHOOL ; AND 3) ACT AS A LIASION BETWEEN THE HEAD OF SCHOOL AND THE BOARD, EXCEPT THAT THE BOARD MAY NOT DELEGATE TO THE EXECUTIVE COMMITTEE ANY POWERS THAT MAY NOT BE DELEGATED BY LAW, THESE BY-LAWS, OR THE ARTICLES OF INCORPOARTION, INCLUDING, BUT NOT LIMITED TO THE POWER TO: A) ELECT OR REMOVE TRUSTEES; B) AMEND OR REPEAL THESE BY-LAWS; C) ELECT OR REMOVE THE CHAIR, TREASURER, OR SECRETARY AS OFFICERS; D) APPOINT COMMITTEES OF THE BOARD OR MEMBERS THEREOF; E) APPROVE ANY TRANSACTION TO WHICH THE CORPORTATION IS A PART AND IN WHICH ONE OR MORE OF THE TRUSTEES HAS A MATERIAL FINANCIAL INTEREST UNLESS ONE OR MORE EXCEPTIONS APPLY BY LAW; F) APPOINT OR REMOVE THE HEAD OF SCHOOL; G) ALTER THE MISSION OR PURPOSE OF THE CORPORATION; H) SELL OR PURCHASE PROPERTY; OR I) TAKE ANY ACTION THAT MUST BE TAKEN BY A SUPERMAJORITY OR UNANIMOUS VOTE OF THE BOARD BY LAW, THESE BY-LAWS, OR THE ARTICES OF INCORPORATION. THE EXECUTIVE COMMITTEE SHALL MEET AT THE DISCRETION OF THE CHAIR, AND THE MEMBERS OF THE EXECUTIVE COMMITTEE MAY DETERMINE THE MANNER OF CONDUCTING COMMITTEE BUSINESS. A QUORUM FOR THE TRANSACTION OF BUSINESS SHALL CONSIST OF THREE MEMBERS OF THE EXECUTIVE COMMITTEE. ALL EXECUTIVE COMMITTEE ACTIONS MUST BE APPROVED BY AN AFFIRMATIVE VOTE OF A MAJORITY OF ALL EXECUTIVE MEMBERS PRESENT AT AN EXECUTIVE COMMITTEE MEETING, PROVIDED THAT A QUORUM OF EXECUTIVE COMMITTEE MEMEBERS IS INITIALLY PRESENT AT THE MEETING. IN NO EVENT MAY ANY BUSINESS BE TRANSACTED THAT IS NOT APPROVED BY AT LEAST MAJORITY OF THE EXECUTIVE COMMITTEE MEMBERS REQUIRED TO CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S TREASURER IS RESPONSIBLE FOR REVIEWING THE DRAFT INFORMATION RETURNS WITH THE HEAD OF SCHOOL AND THE PREPARER PRIOR TO FILING. A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS BEFORE FILING. THE FINANCE COMMITTEE REVIEWS THE RETURN IN DETAIL AT ITS NEXT REGULARLY SCHEDULED MEETING, EITHER BEFORE OR AFTER FILING. THE HEAD OF SCHOOL SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THIS CONFLICTS OF INTEREST POLICY SHALL BE REVIEWED BY, AND A CONFLICTS OF INTEREST DISCLOSURE STATEMENT COMPLETED BY, EVERY TRUSTEE AND OFFICER ON AN ANNUAL BASIS. EACH COMPLETED DISCLOSURE STATEMENT SHALL THEN BE REVIEWED ANNUALLY BY THE BOARD. THE BOARD SHALL DETERMINE, IF ANY CONFLICT OF INTEREST THAT HAS BEEN DISCLOSED, EITHER IN THE CONFLICTS OF INTEREST DISCLOSURE STATEMENT OR AT ANY OTHER TIME PURSUANT TO THE CONFLICTS OF INTEREST POLICY, REQUIRES FURTHER BOARD ACTION BEYOND MERE DISCLOSURE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S (CHIEF EXECUTIVE) COMPENSATION WAS DETERMINED BY A REVIEW OF THE BOARD'S COMPENSATION COMMITTEE. THE MEMBERS OF THE COMMITTEE WERE FREE OF CONFLICTS OF INTEREST AND MET THE IRC REQUIREMENTS. THE HEAD OF SCHOOL WAS NOT A MEMBER OF THE COMMITTEE AND WAS NOT PRESENT FOR ANY OF THE COMMITTEE DISCUSSIONS. THE REVIEW WAS DONE USING COMPARABILITY DATA FOR SIMILAR ORGANIZATIONS. THIS DATA WAS COMPRISED OF COMPENSATION INFORMATION OBTAINED VIA REVIEW OF PUBLICLY AVAILABLE DOCUMENTS FOR HEADS OF SCHOOL FOR NON-PROFIT SCHOOLS IN THE SAN GABRIEL VALLEY AND ADJACENT LOCATIONS IN THE SAN FERNANDO VALLEY. THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN AN EXECUTIVE SESSION WHICH EXCLUDED THE HEAD OF SCHOOL. THE HEAD OF SCHOOL WAS NOT PRESENT FOR DELIBERATIONS OR FOR THE VOTE. CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION WAS MAINTAINED AS PART OF THE BOARD'S MINUTES OF ITS EXECUTIVE SESSION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 18 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE SCHOOL DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.