Harvard-Westlake School
- Assets
- $519.4m
- Revenue
- $135.0m
- Investments
- $62.5m
- Employees
- 713
- Location
- Studio City, CA
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 95-1644019
Organization Overview
Harvard-Westlake School is located in Studio City, CA. The organization was established in 1938. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Harvard-Westlake School employed 713 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard-Westlake School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Harvard-Westlake School generated $135.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $97.1m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLEGE PREPARATORY CURRICULUM AND PROGRAMS FOR STUDENTS IN GRADES 7-12.
Describe the Organization's Program Activity:
HARVARD-WESTLAKE SCHOOL PROVIDES JUNIOR HIGH AND HIGH SCHOOL EDUCATION FOR APPROXIMATELY 1,600 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Commons President | Officer | 40 | $673,334 |
David Weil Chief Financial Officer | Officer | 40 | $315,760 |
Edward Hu Chief Advancement Officer | 40 | $283,216 | |
James DE Matte Chief Of Campus Operations | 40 | $240,046 | |
Laura Davidson Ross Associate Head Of School | 40 | $234,807 | |
David Ruben Director Of Information Technology | 40 | $211,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Platinum Services Inc Security And Janitorial | 6/29/22 | $2,938,152 |
Healthy Choice Catering Corporation Catering Services | 6/29/22 | $2,142,215 |
Gensler Architectural | 6/29/22 | $1,969,573 |
Morton Construction Construction | 6/29/22 | $821,252 |
Mission School Transportation Student Transportation | 6/29/22 | $1,130,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,963,632 |
| Noncash contributions included in lines 1a–1f | $1,166,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,963,632 |
| Total Program Service Revenue | $74,449,749 |
| Investment income | $2,657,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,550 |
| Net Gain/Loss on Asset Sales | $6,021,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $409,976 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,983,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,859,353 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,235,255 |
| Compensation of current officers, directors, key employees. | $252,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,717,888 |
| Pension plan accruals and contributions | $3,365,277 |
| Other employee benefits | $5,757,396 |
| Payroll taxes | $2,816,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184,817 |
| Fees for services: Accounting | $100,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,012,364 |
| Advertising and promotion | $306,716 |
| Office expenses | $1,221,737 |
| Information technology | $1,121,150 |
| Royalties | $0 |
| Occupancy | $6,877,469 |
| Travel | $151,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,698,871 |
| Insurance | $1,477,819 |
| All other expenses | $0 |
| Total functional expenses | $97,062,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,322,351 |
| Savings and temporary cash investments | $53,059,509 |
| Pledges and grants receivable | $60,664,091 |
| Accounts receivable, net | $1,052,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $296,778 |
| Prepaid expenses and deferred charges | $1,066,310 |
| Net Land, buildings, and equipment | $178,794,716 |
| Investments—publicly traded securities | $158,636,472 |
| Investments—other securities | $62,481,268 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,993 |
| Total assets | $519,427,126 |
| Accounts payable and accrued expenses | $2,774,565 |
| Grants payable | $0 |
| Deferred revenue | $12,879,534 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,332,378 |
| Total liabilities | $16,986,477 |
| Net assets without donor restrictions | $234,315,845 |
| Net assets with donor restrictions | $268,124,804 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $519,427,126 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard-Westlake School has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Joslin Foundation Inc Novi, MI PURPOSE: CHARITABLE | $25,000 |
Endowment Analysis
| Beg. Balance | $201,819,587 |
| Earnings | -$24,013,847 |
| Net Contributions | $9,688,123 |
| Other Expense | $6,790,956 |
| Ending Balance | $180,702,907 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Estate Of Bernice Pauahi Bishop Honolulu, HI | $11,860,305,202 | $1,626,952,465 |
Aspire Public Schools Oakland, CA | $207,841,845 | $233,476,749 |
Punahou School Honolulu, HI | $664,536,262 | $122,251,506 |
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |