Palm Valley School
- Assets
- $14.8m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 77
- Location
- Rancho Mirage, CA
- Founding
- 11/1961
- Data as of
- 06/2022
- 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 06/2022, Palm Valley School employed 77 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 06/2022, Palm Valley School generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. 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
2022
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 | $247,562 |
Kevin Dickerson Former - CFO | Officer | 40 | $85,276 |
Sarah Dunn Vice-Chair | OfficerTrustee | 5 | $0 |
Brianna Jordan Treasurer | OfficerTrustee | 5 | $0 |
Roger Snoble Secretary | OfficerTrustee | 5 | $0 |
Stone James Chair | 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 | $179,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,111 |
| Total Program Service Revenue | $5,761,873 |
| Investment income | $862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $86,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,168,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $733,536 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $360,173 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,908,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $195,326 |
| Payroll taxes | $243,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,824 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,386 |
| Advertising and promotion | $80,780 |
| Office expenses | $39,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $273,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $763,218 |
| Insurance | $203,899 |
| All other expenses | $251,672 |
| Total functional expenses | $6,979,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,303,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $420,027 |
| 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 | $77,690 |
| Net Land, buildings, and equipment | $11,560,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $471,576 |
| Total assets | $14,833,118 |
| Accounts payable and accrued expenses | $305,656 |
| Grants payable | $0 |
| Deferred revenue | $2,004,368 |
| 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 | $5,799,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,716 |
| Total liabilities | $8,254,619 |
| Net assets without donor restrictions | $6,419,012 |
| Net assets with donor restrictions | $159,487 |
| 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 | $14,833,118 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palm Valley School has recieved totaling $5,250.
| Awarding Organization | Amount |
|---|---|
The Antonio V Glassberg Educational Foundation Teton Village, WY PURPOSE: TUITION GRANT | $5,250 |
Endowment Analysis
| Beg. Balance | $168,031 |
| Net Contributions | $161 |
| Ending Balance | $168,192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |