Harvard-Westlake School
- Assets
- $582.9m
- Revenue
- $155.4m
- Investments
- $44.8m
- Employees
- 760
- Location
- Studio City, CA
- Founding
- 04/1938
- Data as of
- 06/2023
- 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 06/2024, Harvard-Westlake School employed 760 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 06/2023, Harvard-Westlake School generated $155.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $103.1m during the year ending 06/2023. While expenses have increased by 3.4% 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
TO PROVIDE COLLEGE PREPARATORY CURRICULUM AND PROGRAMS FOR STUDENTS IN GRADES 7-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVARD-WESTLAKE SCHOOL PROVIDES JUNIOR HIGH AND HIGH SCHOOL EDUCATION FOR APPROXIMATELY 1,625 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Wilson Chair | OfficerTrustee | 1 | $0 |
Wendy Wachtell Vice Chair | OfficerTrustee | 1 | $0 |
William Barnum Treasurer | OfficerTrustee | 1 | $0 |
Shirley Wang Secretary | OfficerTrustee | 1 | $0 |
Mark Attanasio Trustee | Trustee | 1 | $0 |
Robert Beyer Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthy Choice Catering Corporation Catering Services | 6/29/24 | $3,561,425 |
Pacific Platinum Services Inc Security And Janitorial | 6/29/24 | $3,021,114 |
Mission School Transportation Student Transportation | 6/29/24 | $1,950,077 |
Gensler Architectural | 6/29/24 | $2,786,758 |
Morton Construction Construction | 6/29/24 | $750,634 |
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 | $61,346,214 |
| Noncash contributions included in lines 1a–1f | $48,028,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,346,214 |
| Total Program Service Revenue | $79,181,844 |
| Investment income | $5,530,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,300 |
| Net Gain/Loss on Asset Sales | $6,718,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $496,788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,443,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,210,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,301,062 |
| Compensation of current officers, directors, key employees. | $900,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,929,955 |
| Pension plan accruals and contributions | $3,515,684 |
| Other employee benefits | $5,514,331 |
| Payroll taxes | $2,979,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,305 |
| Fees for services: Accounting | $105,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,002,398 |
| Advertising and promotion | $528,814 |
| Office expenses | $929,102 |
| Information technology | $1,891,412 |
| Royalties | $0 |
| Occupancy | $5,414,610 |
| Travel | $263,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617,912 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,235,983 |
| Insurance | $1,503,551 |
| All other expenses | $397,239 |
| Total functional expenses | $103,092,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,732,758 |
| Savings and temporary cash investments | $75,275,089 |
| Pledges and grants receivable | $80,653,131 |
| Accounts receivable, net | $1,017,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $435,022 |
| Prepaid expenses and deferred charges | $1,195,159 |
| Net Land, buildings, and equipment | $178,650,633 |
| Investments—publicly traded securities | $196,680,614 |
| Investments—other securities | $44,798,132 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450,860 |
| Total assets | $582,888,639 |
| Accounts payable and accrued expenses | $2,366,668 |
| Grants payable | $0 |
| Deferred revenue | $13,749,898 |
| 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 | $1,288,202 |
| Total liabilities | $17,404,768 |
| Net assets without donor restrictions | $239,844,507 |
| Net assets with donor restrictions | $325,639,364 |
| 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 | $582,888,639 |