2022-05-13T21:19:04-05:00 2021-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2020-07-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 JENNIFER PALMER COO 3108400500 2022-05-10 1 JENNIFER PALMER 999009999 KATY BROWN P00650274 9257902600 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JUDITH FULLER 3939 LANDMARK ST CULVER CITY CA 90232 7315282 0 X WWW.PARKCENTURYSCHOOL.ORG X 1968 CA TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 17 17 98 25 0 0 873283 820419 7350618 6395565 203538 71970 23686 -12765 8451125 7275189 445895 409028 0 0 4998490 4269406 0 0 197821 1940216 1985480 7384601 6663914 1066524 611275 27759226 30034717 12412332 13937954 15346894 16096763 TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 0 0 4868074 409028 6395565 PARK CENTURY SCHOOL OFFERS INDIVIDUALIZED LEARNING PROGRAMS TO STUDENTS BETWEEN AGES 7-14 OR GRADES 2-8, THAT LEARN DIFFERENTLY. THESE INDIVIDUALIZED PROGRAMS TAKE INTO ACCOUNT LEARNING STYLE, FUNCTIONING LEVEL, ATTENTION SPAN, INTEREST, AND MOTIVATION; ALL IN AN ATTEMPT TO HELP STUDENTS DEVELOP A POSITIVE SELF-IMAGE, DISCOVER MEANINGFUL AVENUES OF EXPRESSION, SOCIALIZE WITH THEIR PEERS, AND SET REALISTIC GOALS FOR THEMSELVES. 4868074 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 20 0 1 98 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JENNIFER PALMER 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 HILARY GARLAND PSYD MED PRESIDENT 1.00 X X 0 0 0 ISLA P GARRAWAY MD PHD VICE PRESIDENT 1.00 X X 0 0 0 HELEN NEWTON HARTUNG SECRETARY 1.00 X X 0 0 0 PHYLLIS G THOMAS TREASURER 1.00 X X 0 0 0 MICHAEL BRYANT MD MBA DIRECTOR 1.00 X 0 0 0 JENNIE MAGUIRE BURKART DIRECTOR 1.00 X 0 0 0 LISA HANDLER DOHERTY DIRECTOR 1.00 X 0 0 0 BESS ARMSTRONG FIEDLER DIRECTOR 1.00 X 0 0 0 DAVID FRANDZEL DIRECTOR 1.00 X 0 0 0 LESLIE A GOODMAN DIRECTOR 1.00 X 0 0 0 CHRISTY GLASS LOWE DIRECTOR 1.00 X 0 0 0 PAUL JENNINGS DIRECTOR 1.00 X 0 0 0 JASON KELLER DIRECTOR 1.00 X 0 0 0 GUY PRIMUS DIRECTOR (LEFT 12/31/20) 1.00 X 0 0 0 SALLY SHAYWITZ MD DIRECTOR 1.00 X 0 0 0 STEPHEN L THOMAS ESQ DIRECTOR 1.00 X 0 0 0 PATRICIA R TORREY DIRECTOR 1.00 X 0 0 0 SALLY WEIL DIRECTOR 1.00 X 0 0 0 JUDITH FULLER HEAD OF SCHOOL 37.50 X 163466 0 45664 JENNIFER PALMER CHIEF OPERATING OFFICER 37.50 X 165425 0 13558 MARY ANN QUIRKE UPPER SCHOOL DEAN 37.50 X 111163 0 17982 JON HAY MIDDLE SCHOOL DEAN 37.50 X 108928 0 23822 PATRICIA DURANT SPECIALIST 37.50 X 104107 0 15705 NORA RENTT CLASSROOM TEACHER 37.50 X 100852 0 23407 753941 0 140138 6 0 1 0 JONES & ASSOCIATES 6300 WILSHIRE BLVD STE 860 LOS ANGELES CA 90048 ACCOUNTING SERVICES 108356 1 81140 739279 51829 820419 TUITION AND FEES 611710 6395565 6395565 6395565 71942 71942 23066 23038 28 28 28 4290 81140 17055 -12765 -12765 7275189 6395565 0 59205 409028 409028 397001 210900 158983 27118 3283741 2568585 619070 96086 313292 241770 61174 10348 275372 208303 57861 9208 82157 82157 162986 162986 12689 12689 120716 69912 47797 3007 266522 206420 53100 7002 117937 89212 24781 3944 38063 28792 7998 1273 387685 286135 88902 12648 517173 391211 108669 17293 63778 48244 13401 2133 MISCELLANEOUS EXPENSES 168873 109562 54260 5051 BOARD RELATED EXPENSES 44191 44191 DEVELOPMENT 2710 2710 6663914 4868074 1598019 197821 2046 4393 11937548 12303289 341327 241239 194818 2538403 95451 81989 19352257 7308343 12524473 12043914 1287915 1405976 1375648 1415514 27759226 30034717 301021 344126 1417100 3239928 10625238 10314033 68973 39867 12412332 13937954 X 14776003 15515224 570891 581539 15346894 16096763 27759226 30034717 X 611275 93905 44689 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212154 212154 212154 212154 212154 212154 212154 212154 212154 212154 0.00000 0.88060 0.11940 0 0 4050000 4050000 13730158 5817798 7912360 759050 694908 64142 813049 795637 17412 12043914 CAPITAL LEASE OBLIGATION 39867 39867 X 7021810 93905 -364339 -270434 7292244 -17055 -17055 7275189 6271941 17055 17055 6254886 409028 409028 6663914 PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2021, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: 457 ACTUARIAL GAIN 44,689. TUITION ASSISTANCE -409,028. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -17,055. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 17,055. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 409,028. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PARK CENTURY SCHOOL PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE AND MEETS THE STANDARDS OF SIZE AND TYPE AS OUTLINED IN IRS SECTION 4.03 PUBLICITY. GALA 85430 81140 4290 7973 3945 5137 85430 81140 4290 7973 3945 5137 17055 -12765 1 FINANCIAL AID 19 409028 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON FINANCIAL NEEDS AS DETERMINED BY PARK CENTURY SCHOOL'S INTERNAL EXECUTIVE STAFF. THE HEAD OF SCHOOL, COO AND DIRECTOR OF ADMISSIONS ARE THE ACTING FINANCIAL AID COMMITTEE. THEY REVIEW ALL FINANCIAL AID APPLICATIONS AND DETERMINE AWARDS BASED ON THE REQUESTOR'S FINANCIAL ELIGIBILITY (AS DETERMINED BY THE ADMISSIONS SOFTWARE) AND THE REQUESTOR'S CONTRIBUTION TO THE COMMUNITY. X X X 0 1 0 0 0 0 0 0 0 JUDITH FULLER HEAD OF SCHOOL 163466 0 0 0 0 0 29875 0 15789 0 209130 0 0 0 JENNIFER PALMER CHIEF OPERATING OFFICER 165425 0 0 0 0 0 5610 0 7948 0 178983 0 0 0 PART I, LINE 4B THE SCHOOL HAS A NONQUALIFIED TAX-DEFERRED COMPENSATION PLAN 457(B) ESTABLISHED FOR CERTAIN KEY EMPLOYEES TO FUND A RETIREMENT BENEFIT USING A LIFE INSURANCE ARRANGEMENT. AS OF JUNE 30, 2021, THE NET CASH SURRENDER VALUE OF THE POLICIES WAS $553,350 AND IS INCLUDED IN OTHER ASSETS ON THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION. ALL OF THE PLAN OBLIGATIONS HAVE BEEN FULLY PAID IN PRIOR YEARS SO THE SCHOOL IS THE BENEFICIARY OF THE REMAINING ASSETS IN THE PLAN. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-12-14 12857775 REFINANCE PRIOR BOND ISSUE AND CAPITAL PROJECT 0 0 0 A 2341978 12857775 250775 12607000 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 A 1 3947 LANDMARK LLC 35% OR MORE CONTROLLED BY BOARD MEMBERS 74400 RENTAL INCOME 0 X 3 23229 FMV X AUCTION BASKET ITEMS 35 28600 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 THERE IS A FAMILIAL RELATIONSHIP BETWEEN THE FOLLOWING BOARD MEMBERS: PHYLLIS THOMAS AND STEPHEN THOMAS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE BOARD OF TRUSTEES DELEGATES THE REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE FORM 990 AND REPORTS TO THE BOARD OF TRUSTEES ONCE THE AUDIT COMMITTEE HAS, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE FORM 990 IS COMPLETE, ACCURATE, AND CORRECT, BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE AND KEY EMPLOYEE IS ANNUALLY REQUIRED TO COMPLETE A QUESTIONNAIRE REGARDING ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. THE COMMITTEE ON TRUSTEES OF THE BOARD REVIEWS THESE QUESTIONNAIRES FOR CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR KEY EMPLOYEES AND MANAGEMENT IS DETERMINED ANNUALLY BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THE PREPARATION OF THE ANNUAL BUDGET. COMPARATIVE SALARY DATA IS OBTAINED BY MEMBERS OF THE COMMITTEE AND BOARD WHO THEN CONTACT OTHER SCHOOLS AND PERFORM OTHER SURVEYS TO ASSIST IN DETERMINING COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED IN THE FINANCE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORMS 990 ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORM 1023 IS EXEMPT FROM PUBLIC DISCLOSURE BECAUSE IT WAS FILED BEFORE JULY 15, 1987 AND THE ORGANIZATION DID NOT RETAIN A COPY OF THE FORM FOR ITS RECORDS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN ON 457 PLAN 44,689. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.