Wildwood School Inc
- Assets
- $169.7m
- Revenue
- $41.0m
- Investments
- $0.0
- Employees
- 242
- Location
- Los Angeles, CA
- Founding
- 05/1975
- Data as of
- 06/2023
- EIN
- 95-2921998
Organization Overview
Wildwood School Inc is located in Los Angeles, CA. The organization was established in 1975. 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, Wildwood School Inc employed 242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wildwood School Inc 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, Wildwood School Inc generated $41.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $38.4m during the year ending 06/2023. While expenses have increased by 5.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WILDWOOD PROVIDES EDUCATIONAL SERVICES FROM KINDERGARTEN THROUGH THE TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WILDWOOD PROVIDES PRIVATE SCHOOL EDUCATION TO 751 STUDENTS. A KEY COMPONENT OF THE SCHOOL'S CURRICULUM IS SERVICE TO COMMUNITY AS A WHOLE. EVERY YEAR, STUDENTS ARE REQUIRED TO DEVELOP, PARTICIPATE, AND FOSTER PUBLIC SERVICE PROJECTS. THIS COMPONENT IS REQUIRED TO MATRICULATE FROM ONE GRADE TO THE NEXT AND TO GRADUATE FROM THE HIGH SCHOOL IN 12TH GRADE. THESE PROJECTS VARY FROM SERVING IN LOCAL COMMUNITY ASSISTANCE PROGRAMS TO FUNDRAISING FOR INTERNATIONAL HUMANITARIAN CAUSES. THE REQUIRED HOURS FROM EACH STUDENT VARIES BY GRADE AND PROJECT WITH A MINIMUM OF 45 HOURS TO A MAXIMUM OF 120 HOURS FOR THE ACADEMIC YEAR. THE SCHOOL ALSO HAS AN INTERNATIONAL COMMUNITY INVOLVEMENT PROGRAM WHERE STUDENTS TRAVEL ABROAD AND PERFORM COMMUNITY SERVICE IN UNDERDEVELOPED COUNTRIES. WILDWOOD'S STUDENTS COME FROM ECONOMICALLY, CULTURALLY AND ETHNICALLY DIVERSE BACKGROUNDS. THE BOARD IS COMMITTED TO KEEPING THE SCHOOL ACCESSIBLE TO FAMILIES FROM A VARIETY OF SOCIOECONOMIC BACKGROUNDS. THE SCHOOL'S FLEXIBLE TUITION PROGRAM PROVIDES FINANCIAL SUPPORT TO FAMILIES WHO WOULD OTHERWISE NOT HAVE ACCESS TO AN INDEPENDENT SCHOOL EDUCATION. IN 2022-2023, THE AMOUNT OF FLEXIBLE TUITION AS A PERCENTAGE OF TOTAL TUITION REVENUE WAS 15% AND SERVED 21% OF OUR STUDENT POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Solmssen Chairperson | OfficerTrustee | 2 | $0 |
Joel Brand Vice Chairperson | OfficerTrustee | 2 | $0 |
Susan Olsen Vice Chairperson | OfficerTrustee | 2 | $0 |
Glenda Martinez Secretary | OfficerTrustee | 2 | $0 |
Lisa Flashner Treasurer | OfficerTrustee | 2 | $0 |
Clare Bronowski Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Student Transportation School Bus Services | 6/29/23 | $494,008 |
Uniserve Facilities Svcs Corp Custodial Services | 6/29/23 | $331,592 |
Centurion Group Security Services | 6/29/23 | $323,549 |
Essential Transportation Program Bus Services | 6/29/23 | $176,634 |
Abm Parking Services Parking Services | 6/29/23 | $147,425 |
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 | $2,823,813 |
| Noncash contributions included in lines 1a–1f | $348,707 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,823,813 |
| Total Program Service Revenue | $36,350,442 |
| Investment income | $1,330,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $520,628 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,026,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,323,549 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,098,964 |
| Compensation of current officers, directors, key employees. | $823,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,511,319 |
| Pension plan accruals and contributions | $766,534 |
| Other employee benefits | $1,714,460 |
| Payroll taxes | $1,154,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178,358 |
| Fees for services: Accounting | $35,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $155,111 |
| Fees for services: Other | $569,532 |
| Advertising and promotion | $11,679 |
| Office expenses | $498,749 |
| Information technology | $440,473 |
| Royalties | $0 |
| Occupancy | $6,738,178 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $438,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,358,776 |
| Insurance | $416,056 |
| All other expenses | $752,203 |
| Total functional expenses | $38,420,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,944,941 |
| Savings and temporary cash investments | $167,939 |
| Pledges and grants receivable | $1,224,617 |
| Accounts receivable, net | $35,645 |
| 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 | $411,028 |
| Net Land, buildings, and equipment | $21,151,037 |
| Investments—publicly traded securities | $64,113,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,695,633 |
| Total assets | $169,743,938 |
| Accounts payable and accrued expenses | $1,286,651 |
| Grants payable | $0 |
| Deferred revenue | $19,164,973 |
| Tax-exempt bond liabilities | $14,565,325 |
| 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 | $82,745,754 |
| Total liabilities | $117,762,703 |
| Net assets without donor restrictions | $46,849,040 |
| Net assets with donor restrictions | $5,132,195 |
| 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 | $169,743,938 |