Palm Valley School
- Assets
- $13.6m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 96
- Location
- Rancho Mirage, CA
- Founding
- 11/1961
- Data as of
- 06/2023
- EIN
- 95-2133079
Organization Overview
Palm Valley School is located in Rancho Mirage, CA. The organization was established in 1961. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Palm Valley School employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Valley 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 06/2023, Palm Valley School generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. While expenses have increased by 1.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PALM VALLEY SCHOOL IS AN EXCEPTIONAL LEARNING COMMUNITY THAT EDUCATES, NURTURES, AND CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE AND CONTRIBUTE TO OUR GLOBAL SECURITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS BENEFITTING PRIMARY AND SECONDARY GRADE LEVEL STUDENTS OF ANY RACE, CREED, OR COLOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Steven Sherman Head Of Scho | Officer | 40 | $287,500 |
David Wolfe CFO | Officer | 40 | $66,111 |
Stone James Chair | OfficerTrustee | 5 | $0 |
Sarah Dunn Vice-Chair | OfficerTrustee | 5 | $0 |
Kevin Doran Treasurer | OfficerTrustee | 5 | $0 |
Briana Jordan Secretary | OfficerTrustee | 5 | $0 |
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 | $149,311 |
| Noncash contributions included in lines 1a–1f | $21,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,311 |
| Total Program Service Revenue | $6,657,682 |
| Investment income | $21,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,120 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $109,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,026,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $880,147 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $458,175 |
| Compensation of current officers, directors, key employees. | $109,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,241,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236,932 |
| Payroll taxes | $281,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,590 |
| Advertising and promotion | $101,932 |
| Office expenses | $39,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $291,454 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $256,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $761,949 |
| Insurance | $207,858 |
| All other expenses | $286,275 |
| Total functional expenses | $7,864,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,437,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,296 |
| Net Land, buildings, and equipment | $10,909,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,253 |
| Total assets | $13,624,821 |
| Accounts payable and accrued expenses | $252,706 |
| Grants payable | $0 |
| Deferred revenue | $1,964,497 |
| 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 | $5,502,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,386 |
| Total liabilities | $7,884,361 |
| Net assets without donor restrictions | $5,672,169 |
| Net assets with donor restrictions | $68,291 |
| 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 | $13,624,821 |