2021-05-17T17:50:26-05:00 2020-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2019-07-01 953735164 ROLLING HILLS PREPARATORY SCHOOL ROLL 3107911101 ONE ROLLING HILLS PREP WAY SAN PEDRO CA 90732 DAVID MAHER HEAD OF SCHOOL 3107911101 2021-05-14 1 DONITA M JOSEPH P00286656 5624351191 2021-05-14 2019 2022-09-23 18:48:47Z DAVID MAHER ONE ROLLING HILLS PREP WAY SAN PEDRO CA 90732 12361035 0 X WWW.ROLLINGHILLSPREP.ORG X 1981 CA INDEPENDENT EDUCATIONAL INSTITUTE FOR 228 STUDENTS GRADE 5-12. 10 10 128 16 0 0 1471157 2982463 9993600 9203583 117 169 -25114 -101 11439760 12186114 2703191 2431108 0 0 6926209 7582096 0 0 489157 3004289 2896407 12633689 12909611 -1193929 -723497 57795406 56507062 13710353 13145506 44085053 43361556 X A FORWARD-LOOKING, ACADEMICALLY RIGOROUS COLLEGE-PREP SCHOOL WITH A SOUL, ROLLING HILLS PREPARATORY SCHOOL (RHP) WORKS IN PARTNERSHIP WITH PARENTS TO PREPARE STUDENTS FOR LIFELONG SUCCESS IN A GLOBAL 21ST CENTURY USING PROVEN TEACHING TECHNIQUES IN A STIMULATING AND SUPPORTIVE ACADEMIC ENVIRONMENT. AS PART OF RHP'S ONGOING SELF-EVALUATION AND IMPROVEMENT, A GROUP OF TEACHERS, TRUSTEES AND PARENTS HAS APPROVED THE LEARNING EXPECTATIONS FOR STUDENTS, BASED ON THE FOUR PILLARS. EVERY YEAR EACH FACULTY MEMBER FOCUSES ON AT LEAST ONE OF THE FOUR PILLARS, INCORPORATING ITS PHILOSOPHY INTO THAT YEAR'S TEACHING AND EVALUATION. THESE PRINCIPLES ARE NOT JUST ON PAPER, THEY INSPIRE THE HIGH QUALITY TEACHING THAT IS A HALLMARK OF RHP. 0 0 9089903 2431108 8588447 OPERATION OF A CHILDREN'S PREPARATORY SCHOOL FOR 204 STUDENTS, GRADE1-12. THE SCHOOL WORKS WITH FAMILIES AND STUDENTS TO OFFER A RANGE OF ACADEMIC, ART AND ATHLETIC COURSES TO HELP PREPARE COLLEGE-BOUND STUDENTS FOR LIFELONG SUCCESS IN A GLOBAL 21ST CENTURY USING PROVEN TEACHING TECHNIQUES IN A STIMULATING AND SUPPORTIVE ACADEMIC ENVIRONMENT. STUDENTS ARE CHALLENGED BY DEMANDING ACADEMIC COURSES AND SUPPORTED WITHIN A CLOSE KNIT COMMUNITY. BY EMPLOYING A STUDENT/TEACHER RATIO OF LESS THAN 15/1, THE SCHOOL IS ABLE TO ADDRESS THE INDIVIDUAL NEEDS OF EACH STUDENT TO HELP MAXIMIZE HIS OR HER POTENTIAL. 1683279 367535 AUXILIARY PROGRAMS INCLUDE SPORTS, OUTDOOR EDUCATION, AFTER SCHOOL PROGRAMS AND OTHER ACADEMIC SUPPORT. THESE EXTRACURRICULAR ACTIVITIES ARE AVAILABLE TO ALL STUDENTS, AND STUDENTS ARE ENCOURAGED TO PARTICIPATE IN THE ACTIVITIES OFFERED BY THE SCHOOL, WHICH INCLUDE, BUT ARE NOT LIMITED TO, PLAYS, MUSICALS AND OTHER ARTISTIC PERFORMANCES; WILDERNESS EDUCATION; AND TEAM SPORTS. 190213 289272 OTHER AUXILIARY PROGRAMS: P.E., TRANSPORTATION, FIELD TRIPS. 10963395 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 128 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 3107911101 ONE ROLLING HILLS PREP WAY SAN PEDRO CA 90732 DAVID MAHER HEAD OF SCHOOL 40.00 X 272875 0 21616 NAOMI PAWLIK ASSOCIATE HEAD OF SCHOOLD FOR ACADEMICS 40.00 X 152250 0 12178 SUZANNE MATHEWS ASSOCIATE HEAD OF SCHOOL FOR ADVANCEMENT 40.00 X 177625 0 8609 CAROL BERNSTEIN ASSOCIATE HEAD OF SCHOOL FOR ENROLLMENT MANAGEMENT 40.00 X 152250 0 17239 PATRICIA RESSLER DIRECTOR OF STUDENT SERVICES 40.00 X 141321 0 16664 CHLOE BOUTELLE CHAIR 2.00 X X 0 0 0 CHRIS CONNELL VICE CHAIR 2.00 X 0 0 0 BILL JOHNSON TREASURER 2.00 X 0 0 0 MIKE QUARRY SECRETARY 2.00 X 0 0 0 MARI-JO DEUTSCHMAN TRUSTEE 2.00 X 0 0 0 STUART FARBER TRUSTEE 2.00 X 0 0 0 BOB ITZINGER TRUSTEE 2.00 X 0 0 0 SANDY LEE TRUSTEE 2.00 X 0 0 0 ED MYERS TRUSTEE 2.00 X 0 0 0 MALINI DAS SANYAL TRUSTEE 2.00 X 0 0 0 CARRIE CONCHA TRUSTEE 0.00 X 0 0 0 ROSE CONTRERAS TRUSTEE 2.00 X 0 0 0 DR CAROL EDWARDS TRUSTEE 2.00 X 0 0 0 TIM JONES TRUSTEE 2.00 X 0 0 0 PATRICK MCCABE TRUSTEE 2.00 X 0 0 0 ANDREW SLOVES TRUSTEE 2.00 X 0 0 0 896321 0 76306 5 0 1 0 0 116710 2865753 2982463 TUITION 611600 8596649 8596649 AUXILIARY PROGRAMS 611600 367535 367535 TRANSPORTATION FEES 611600 94328 94328 FINANCE CHARGES AND LATE FEES 611600 83527 83527 STUDENT FEE REVENUE 611600 53625 53625 7919 7919 9203583 169 169 8250 103430 -95180 -95180 -95180 71491 116710 71491 0 MISCELLANEOUS 900099 95079 95079 95079 12186114 9203583 0 68 2431108 2431108 329777 131911 164888 32978 6112997 5142084 680670 290243 255018 209115 33152 12751 445835 383104 43865 18866 438469 359545 57001 21923 570109 348557 194959 26593 36185 34735 1450 130259 106812 16935 6512 261756 214639 34029 13088 178704 178704 26988 26572 416 319803 262239 41574 15990 510001 418201 66300 25500 80562 66061 10473 4028 REPAIRS & MAINTENANCE 167292 137161 21745 8386 DUES & SUBSCRIPTIONS 153152 125858 19713 7581 STUDENT ACTIVITIES 153031 153031 ENTERTAINMENT AND AWARD 61370 47518 13852 247195 186440 57487 3268 12909611 10963395 1457059 489157 346892 712947 367104 118134 449333 387658 3345364 2349853 167979 50685 59116915 6229130 53088777 52887785 29957 0 57795406 56507062 278359 288918 6703897 5457123 329707 329707 5998390 5690296 400000 0 1379462 13710353 13145506 X 30797392 32813063 13287661 10548493 44085053 43361556 57795406 56507062 -723497 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63300 165 250 63215 114301 51001 63300 116099 202 2000 114301 115893 206 116099 115629 264 115893 1.00000 0 0 40752500 40752500 7035686 1921535 5114151 1311149 1188982 122167 10017580 3118613 6898967 52887785 PPP LOAN 1229462 EIDL LOAN 150000 1379462 X 9858436 103430 103430 9755006 2431108 2431108 12186114 10581933 103430 103430 10478503 2431108 2431108 12909611 PART V, LINE 4: SMALL ENDOWMENTS ARE MAINTAINED TO SUPPORT PROFESSIONAL DEVELOPMENT AND ACADEMIC AWARDS FOR ENGLISH AND HISTORY. PART X, LINE 2: THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS OF TAX EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE SCHOOL IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 103,430. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS 2,431,108. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 103,430. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS 2,431,108. FORM 990, PART X, LINE 25 - PPP AND EIDL LOAN PAYCHECK PROTECTION PROGRAM IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM, AUTHORIZING LOANS TO SMALL BUSINESSES FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUE TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES AND INTEREST ON MORTGAGES. IN APRIL 2020, THE SCHOOL SUCCESSFULLY SECURED A $1,229,462 SMALL BUSINESS ASSOCIATION ("SBA") LOAN UNDER THE PAYCHECK PROTECTION PROGRAM. PER THE TERMS OF THE LOAN, THE FULL AMOUNT WILL BE FORGIVEN AS LONG AS LOAN PROCEEDS ARE USED TO COVER PAYROLL COSTS AND OTHER SPECIFIED NONPAYROLL COSTS (PROVIDED ANY NONPAYROLL COSTS DO NOT EXCEED 40% OF THE FORGIVEN AMOUNT) OVER A 24-WEEK PERIOD AFTER THE LOAN IS MADE; AND EMPLOYEE AND COMPENSATION LEVELS ARE MAINTAINED. THE SCHOOL INTENDS TO COMPLY WITH THE ABOVE TERMS IN ORDER TO QUALIFY FOR FULL OR PARTIAL LOAN FORGIVENESS. TO THE EXTENT IT IS NOT FORGIVEN, THE SCHOOL WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% OVER A PERIOD OF TWO YEARS, WITH A FINAL INSTALLMENT ESTIMATED BY APRIL 2022. AS OF THE ISSUANCE OF THESE FINANCIAL STATEMENTS, THE SCHOOL HAS NOT MADE ANY PAYMENTS ON THE BALANCE OF THE LOAN OR APPLIED FOR LOAN FORGIVENESS. ECONOMIC INJURY DISASTER LOAN IN JUNE 2020, THE SCHOOL RECEIVED AN ECONOMIC INJURY DISASTER LOAN ("EIDL") UNDER THE SBA'S ASSISTANCE PROGRAM IN LIGHT OF THE IMPACT OF THE COVID-19 PANDEMIC. PURSUANT TO THE EIDL AGREEMENT, THE SCHOOL RECEIVED AN ADVANCE OF $150,000, TO BE USED FOR WORKING CAPITAL PURPOSES ONLY. PURSUANT TO THE EIDL AGREEMENT, THE SCHOOL EXECUTED; (I) A NOTE FOR THE BENEFIT OF THE SBA, WHICH CONTAINS CUSTOMARY EVENTS OF DEFAULT; AND (II) A SECURITY AGREEMENT, GRANTING THE SBA A SECURITY INTEREST IN ALL TANGIBLE AND INTANGIBLE PERSONAL PROPERTY OF THE SCHOOL, WHICH ALSO CONTAINS CUSTOMARY EVENTS OF DEFAULT. THE EIDL BEARS AN INTEREST RATE OF 2.75% PER ANNUM WHICH ACCRUES FROM THE DATE OF THE ADVANCE. INSTALLMENT PAYMENTS, INCLUDING PRINCIPAL AND INTEREST, ARE DUE MONTHLY BEGINNING JUNE 2021. THE BALANCE OF PRINCIPAL AND INTEREST IS PAYABLE THIRTY YEARS FROM THE DATE OF THE EIDL AGREEMENT. AS OF THE ISSUANCE OF THESE FINANCIAL STATEMENTS, THE SCHOOL HAS NOT MADE ANY PAYMENTS ON THE BALANCE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS PUBLISHED IN REGIONAL NEWSPAPER AND ON THE SCHOOL'S WEBSITE. IT IS PART OF THE ADMISSION COMMUNICATION MATERIAL INCLUDING, BUT NOT LIMITED TO, BROCHURES THAT ARE PROVIDED TO STUDENTS AND PARENTS. EAST ASIA AND THE PACIFIC FUNDRAISING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: GOLF TOURNAMENT 151064 96674 54390 11500 2500 1000 2101 GALA 37137 20036 17101 16202 5000 10000 23188 188201 116710 71491 27702 7500 11000 25289 71491 0 1 FINANCIAL AID & SCHOLARSHIPS 104 2431108 PART I, LINE 2: FAMILIES SUBMIT APPLICATIONS WITH FINANCIAL INFORMATION TO STUDENT SUPPORT SERVICES (SSS) FOR EVALUATION. BASED ON THE RESULTS GATHERED FROM SSS, SCHOOL FINANCIAL AID COMMITTEE DETERMINES THE AMOUNT OF AID TO BE AWARDED TO THE FAMILY. AWARDS ARE BASED MOSTLY OFF OF FINANCIAL NEED, BUT ALSO ACADEMIC MERIT. THE SCHOOL USES THE FINANCIAL AID TO OFFSET TUITION EXPENSES FOR ITS STUDENTS. AMOUNTS AWARDED TO STUDENTS AUTOMATICALLY OFFSET THEIR TUITION EXPENSES AND REDUCE THE AMOUNT BILLED TO THE STUDENT. X 1 0 X X X 0 0 0 0 0 0 0 0 0 DAVID MAHER HEAD OF SCHOOL 272875 0 0 0 0 0 0 0 21616 0 294491 0 0 0 NAOMI PAWLIK ASSOCIATE HEAD OF SCHOOLD FOR ACADEM 152250 0 0 0 0 0 0 0 12178 0 164428 0 0 0 SUZANNE MATHEWS ASSOCIATE HEAD OF SCHOOL FOR ADVANCE 177625 0 0 0 0 0 0 0 8609 0 186234 0 0 0 CAROL BERNSTEIN ASSOCIATE HEAD OF SCHOOL FOR ENROLLM 152250 0 0 0 0 0 0 0 17239 0 169489 0 0 0 PATRICIA RESSLER DIRECTOR OF STUDENT SERVICES 141321 0 0 0 0 0 0 0 16664 0 157985 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS NEGOTIATED AS A PART OF THE HEAD OF SCHOOL'S COMPENSATION. THE TOTAL COMPENSATION IS APPROVED BY THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES. ED MYERS TRUSTEE OPERATIONAL EXPENSES X 410000 329707 0 1 1 329707 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WILL BE PROVIDED TO THE FINANCE COMMITTEE SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE COMMITTEE. THE TAX PREPARERS WILL ELECTRONICALLY DELIVER THE TAX RETURN TO THE COMMITTEE AND ANY CONCERNS OF THE FINANCE COMMITTEE WILL BE ADDRESSED AND CHANGES WILL BE MADE ACCORDINGLY. AFTER ALL CHANGES AND ISSUES ARE ADDRESSED, THE FINAL FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS BEFORE THE OFFICER SIGNS AND FILES THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, AND MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE GOVERNING BOARD, AS WELL AS MEMBERS OF ADMINISTRATION SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE SCHOOL IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF THE POLICY IS VIOLATED APPROPRIATE ACTION WILL BE TAKEN, INCLUDING REMOVAL FROM THE BOARD OF DIRECTORS, IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE FINANCE COMMITTEE. OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED THROUGH EMPLOYEE CONTRACTS, COMPENSATION SURVEYS, AND APPROVAL BY THE BOARD. THE BOARD CHAIR WORKS CLOSELY WITH THE HEAD OF THE SCHOOL TO SET AND ADJUST GOALS FOR EACH CONTRACT PERIOD. THE TWO MEET MONTHLY TO DISCUSS PROGRESS AND KEEP THE CHAIR UP TO DATE ON ITEMS OF IMPORTANCE THAT ARE HAPPENING AT THE SCHOOL. TOWARDS THE END OF EACH CONTRACT PERIOD, THE CHAIR AND HEAD OF SCHOOL EVALUATE PROGRESS MORE FORMALLY AND SET GOALS FOR THE UPCOMING CONTRACT. THE CHAIR REPORTS TO THE FINANCE COMMITTEE WHO REPORTS TO THE FULL BOARD PRIOR TO THE HEAD OF THE SCHOOL'S CONTRACT RENEWAL. CURRENTLY, THIS IS A THREE-YEAR CONTRACT CYCLE. THE HEAD OF THE SCHOOL'S COMPENSATION IS SET INDEPENDENTLY BY THE FINANCE COMMITTEE BASED ON PERFORMANCE RESULTS AND BY USING NAIS AND CAIS COMPENSATION STATISTICS. THE FINANCE COMMITTEE RECOMMENDS THE COMPENSATION PACKAGE TO THE BOARD WHO HAS THE ULTIMATE APPROVAL. THE APPROVAL IS MADE INDEPENDENTLY. THIS PROCESS TAKES PLACE EVERY THREE YEARS. THE LAST DATE WAS JUNE 2017. COMPENSATION FOR THE TOP FINANCIAL EMPLOYEE AND ANY KEY EMPLOYEES IS DETERMINED ANNUALLY. THE HEAD OF THE SCHOOL WORKS CLOSELY WITH THE CONTROLLER TO SET GOALS FOR EACH YEAR AND REVIEWS THE PROGRESS ON THOSE GOALS BEFORE THE END OF EACH CONTRACT YEAR. SHORTLY BEFORE THE NEW CONTRACT IS OFFERED, THE HEAD OF THE SCHOOL DOES A FORMAL REVIEW OF THE PROGRESS AND PERFORMANCE FROM THE PREVIOUS CONTRACT YEAR AND SETS GOALS FOR THE UPCOMING YEAR. THE ANNUAL COMPENSATION ADJUSTMENT IS SET AT A FIXED PERCENTAGE BY THE HEAD OF THE SCHOOL. ANNUAL SALARY RATE ADJUSTMENT ACROSS THE ORGANIZATION IS RECOMMENDED BY THE HEAD OF THE SCHOOL AND APPROVED INDEPENDENTLY BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, THE FORM 1023, AND THE DETERMINATION LETTER ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST TO ANYONE WHO INQUIRES TO THE ORGANIZATION. GOVERNING DOCUMENTS ARE ALSO AVAILABLE AT THE ORGANIZATION'S OFFICE.