2020-07-10T20:05:17-05:00 2019-08-31 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2018-09-01 953512203 CARLTHORP SCHOOL CARL 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 KENNETH PARR DIRECTOR OF FINANCE 3104511332 2020-07-10 1 DAVID ROBYDEK P02127582 6267933600 2020-07-01 67.137.57.251 2020-07-10 11:50:31 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B4FD406AA3BD9720B7D0B6C862F458DE88E33DF9 2018 2021-01-29 14:40:06Z KENNETH PARR 438 SAN VICENTE BLVD SANTA MONICA CA 90402 11474783 0 X WWW.CARLTHORP.ORG X 1939 CA INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. 15 14 96 110 0 0 1664377 1723614 7814684 8524187 521656 847466 199490 256989 10200207 11352256 509036 424590 0 0 7354403 8118324 0 0 390693 2359831 2282726 10223270 10825640 -23063 526616 41930650 42705873 7056134 7699885 34874516 35005988 X CARLTHORP SCHOOL IS AN INDEPENDENT, NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. CARLTHORP SCHOOL PROVIDES A STRONG ACADEMIC FOUNDATION IN A DIVERSE AND NURTURING SCHOOL COMMUNITY THAT EMPHASIZES TRADITIONAL VALUES, DISCIPLINED WORK HABITS, AND EXCELLENCE IN ORDER TO PREPARE OUR STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL IN EDUCATION AND LIFE.CARLTHORP SCHOOL, ESTABLISHED IN 1939, IS THE OLDEST INDEPENDENT SCHOOL IN SANTA MONICA. THOUGH THE BREADTH OF OUR CURRICULUM HAS RADICALLY EXPANDED IN THE LAST 75 YEARS, OUR BASIC PHILOSOPHY REMAINS THE SAME. WE FOCUS ON THE CHILD AS A WHOLE, HELPING HIM OR HER TO GROW ACADEMICALLY, SOCIALLY, AND ETHICALLY - ALL WITHIN THE FRAMEWORK OF A TRADITIONALLY ACADEMIC SCHOOL. THE SCHOOL'S TRADITIONAL APPROACH TO EDUCATION, COUPLED WITH POSITIVE REINFORCEMENT IN A CARING WHOLESOME ENVIRONMENT PREPARES CHILDREN TO EXCEL IN TODAY'S COMPETITIVE SOCIETY. 0 0 8855873 424590 8524187 CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP SCHOOL RECEIVED THE "NO CHILD LEFT BEHIND" NATIONAL BLUE RIBBON OF EXCELLENCE AWARD. 100% OF CARLTHORP SCHOOL'S 2019 GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONALLY AND ACADEMICALLY ORIENTED. THE CURRICULUM IS WELL-ROUNDED AND A SOLID ACADEMIC FOUNDATION IN MATH, READING, AND ENGLISH IS STRESSED. TEACHERS UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES. WITH TWO CLASSES AT EACH GRADE LEVEL OF 20 STUDENTS IN EACH CLASS, EACH STUDENT FROM KINDERGARTEN THROUGH SIXTH GRADE RECEIVED INDIVIDUAL ATTENTION. THOROUGHNESS, ACCURACY AND RESPONSIBILITY ARE STRESSED IN ALL SCHOOLWORK, AND SPECIAL ATTENTION IS GIVEN TO NECESSARY PREPARATION FOR ENTRANCE TO PUBLIC AND PRIVATE SECONDARY SCHOOLS. DURING THE 2018-19 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS. 8855873 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 96 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X KENNETH PARR 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 CAROLINE MIMI SHIM BAE TRUSTEE 1.50 X 0 0 0 SAM BAHKSHANDEPOUR TRUSTEE 1.50 X 0 0 0 DEBORAH CONRAD TRUSTEE 1.50 X 0 0 0 ART COPPOLA TRUSTEE 1.50 X 0 0 0 DAVID HOU TRUSTEE 1.50 X 0 0 0 TIMOTHY JACKMAN TRUSTEE 1.50 X 0 0 0 KIM LURIE TRUSTEE 1.50 X 0 0 0 SHERMAN MA TRUSTEE 1.50 X 0 0 0 NAVID MAHMOODZADEGAN TRUSTEE 1.50 X 0 0 0 GLYN MILBURN TRUSTEE 1.50 X 0 0 0 SARAH MURDOCH TRUSTEE 1.50 X 0 0 0 SHANNON ROTENBERG TRUSTEE 1.50 X 0 0 0 PETER SHEEHY TRUSTEE 1.50 X 0 0 0 CATALINA VERGARA TRUSTEE 1.50 X 0 0 0 TIMOTHY KUSSEROW HEAD OF SCHOOL 40.00 X X 410365 0 68715 KENNETH PARR DIRECTOR OF FINANCE 40.00 X 221960 0 57148 JASON ANKLOWITZ ASSOCIATE HEAD OF SCHOOL 40.00 X 113558 0 11761 LYNN WAGMEISTER DIRECTOR OF ADMISSIONS 40.00 X 159833 0 26013 ROBERT MORIARITY DIRECTOR OF TECHNOLOGY 40.00 X 132450 0 21254 MAUREEN POLLACK DIRECTOR OF COMMUNICATIONS 40.00 X 115133 0 40388 CLAUDIA ZUREK DIRECTOR OF SPANISH EDUCATION 40.00 X 116072 0 15315 1269371 0 240594 8 0 1 0 0 256402 1467212 309282 1723614 TUITION/TUTORING FEES 611600 8373625 8373625 WORKSHOPS AND ACTIVITIES 611710 150562 150562 8524187 847466 847466 371370 256402 122527 248843 248843 MISCELLANEOUS INCOME 900099 8146 8146 8146 11352256 8524187 0 1104455 424590 424590 887798 279004 395802 212992 5680628 5120654 474663 85311 250465 209156 31000 10309 817463 682640 101178 33645 481970 402479 59654 19837 57163 57163 27900 27900 270319 75929 194390 6935 6935 133057 45303 72345 15409 193240 173916 19324 52740 52740 75664 75664 399869 359882 39987 147649 132884 14765 STUDENT ACTIVITIES & ME 235022 235022 PROGRAM SERVICE ACTIVIT 194466 194466 CLASSROOM SUPPLIES 184715 184715 REPAIRS AND MAINTENANCE 167781 151003 16778 136206 108566 14450 13190 10825640 8855873 1579074 390693 535777 510268 14762699 15577452 60766 15579 112865 57375 241510 276489 10216773 5072992 5472418 5143781 20845292 21024252 41930650 42705873 300030 209261 6756104 7490624 7056134 7699885 X 33090605 33152773 1410798 1480102 373113 373113 34874516 35005988 41930650 42705873 526616 -395144 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24920057 283346 25203403 22420613 3004444 505000 24920057 20006380 2414233 22420613 18066813 250000 1693567 4000 20006380 18294320 -6000 -221507 18066813 0.97450 0.01480 0.01070 0 0 2610517 2610517 6674007 4445134 2228873 749339 492374 256965 182910 135484 47426 5143781 X 10532522 -395144 -424590 -819734 11352256 0 11352256 10401050 0 10401050 424590 424590 10825640 PART V, LINE 4: AT AUGUST 31, 2009, ALL PERMANENTLY RESTRICTED NET ASSETS OF THE SCHOOL WERE THOSE RAISED IN CONNECTION WITH THE "A NEW LEVEL OF EXCELLENCE" CAPITAL CAMPAIGN. IN MAY 2010, AT THE DIRECTION OF THE BOARD, THE SCHOOL SOLICITED WRITTEN RELEASE OF SUCH RESTRICTIONS FROM EACH DONOR. UPON RECEIPT OF A WRITTEN RELEASE FROM THE DONOR, CONTRIBUTIONS SO RELEASED HAVE BEEN RECLASSIFIED AS UNRESTRICTED FUNDS. HOWEVER, ANY UNPAID PLEDGES SO RELEASED HAVE BEEN CLASSIFIED AS TEMPORARILY RESTRICTED FUNDS UNTIL COLLECTED. AS OF AUGUST 31, 2016, THE SCHOOL CUMULATIVELY RECLASSIFIED $8,206,966 FROM PERMANENT RESTRICTED NET ASSETS TO UNRESTRICTED NET ASSETS BASED ON DONOR RELEASES. FIVE PERCENT OF THE DONOR-RESTRICTED ENDOWMENT FUNDS RAISED IN CONNECTION WITH THE A NEW LEVEL OF EXCELLENCE CAPITAL CAMPAIGN (TO THE EXTENT THERE ARE NET ACCUMULATED EARNINGS ON SUCH FUNDS) AND FIVE PERCENT OF CARLTHORP SCHOOL'S BOARD-DESIGNED UNRESTRICTED ENDOWMENT FUNDS MAY BE USED EACH YEAR IN ACCORDANCE WITH THE SCHOOL'S ENDOWMENT INVESTMENT GUIDELINES AND SPENDING POLICIES. HOWEVER, THE SCHOOL HAS NOT MADE SUCH DISTRIBUTIONS FROM ITS ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE TAXATION CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THESE RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -424,590. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 424,590. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CARLTHORP SCHOOL PUBLISHES ITS NOTICE OF NON-DISCRIMINATORY POLICY TO STUDENTS IN THE LOS ANGELES TIMES ANNUALLY. CARLTHORP SCHOOL DOES NOT HAVE A SOLICITATION PROGRAM. SCHOLARSHIP FUNDRAISER 627328 256402 370926 228179 77408 2545 42374 627328 256402 370926 228179 77408 2545 42374 350506 20420 1 FINANCIAL AID 22 424590 FMV FINANCIAL AID TO ELIGIBLE STUDENTS PART I, LINE 2: FINANCIAL AID IS AWARDED BY CARLTHORP SCHOOL ON A NONDISCRIMINATORY BASIS AND IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL & STUDENT SERVICES OF NAIS ("SSS"), WHICH FORM IS THEN SUBMITTED TO SSS. SSS THEN MAKES A RECOMMENDATION TO CARLTHORP SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY KUSSEROW HEAD OF SCHOOL 316333 0 1500 0 92532 0 14650 0 54065 0 479080 0 0 0 KENNETH PARR DIRECTOR OF FINANCE 190000 0 1500 0 30460 0 12601 0 44547 0 279108 0 0 0 LYNN WAGMEISTER DIRECTOR OF ADMISSIONS 158333 0 1500 0 0 0 8832 0 17181 0 185846 0 0 0 ROBERT MORIARITY DIRECTOR OF TECHNOLOGY 130950 0 1500 0 0 0 6253 0 15001 0 153704 0 0 0 MAUREEN POLLACK DIRECTOR OF COMMUNICATIONS 113333 0 1800 0 0 0 6072 0 34316 0 155521 0 0 0 PART I, LINE 1A GROSSED-UP TUITION REIMBURSEMENT PAYMENTS WERE MADE IN ACCORDANCE WITH THE SCHOOL'S TUITION REIMBURSEMENT POLICY FOR OFFICERS AND KEY EMPLOYEES, WHICH HAS BEEN MEMORIALIZED IN WRITING. PART I, LINE 3 THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE FINANCE COMMITTEE REVIEW AND APPROVE THE ANNUAL COMPENSATION OF THE HEAD OF SCHOOL PRIOR TO EXECUTION OF THE HEAD OF SCHOOL'S ANNUAL EMPLOYMENT CONTRACT. IN CONNECTION WITH THIS DELIBERATION, COMPENSATION INFORMATION OBTAINED FROM THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOL OF OTHER HEADS OF SCHOOL IS REVIEWED. OFFICER 28100 TUITION REMISSION TUITION REMISSION OFFICER 18967 TUITION REMISSION TUITION REMISSION X 7 81103 FMV X CONTRIBUTED RAFFLE PRIZES 30 228179 FMV 0 1 1 PART I, COLUMN (B): COLUMN B SHOWS THE NUMBER OF CONTRIBUTORS PART I, LINE 32B: WELLS FARGO ADVISORS PROCESSES ALL STOCK DONATIONS MADE TO CARLTHORP SCHOOL. DONORS ARE INSTRUCTED TO DONATE STOCK GIFTS DIRECTLY TO CARLTHORP SCHOOL'S ACCOUNT AT WELLS FARGO ADVISORS. CARLTHORP SCHOOL HAS A STANDING ORDER WITH WELLS FARGO ADVISORS TO SELL ALL STOCK DONATIONS UPON RECEIPT AND SEND THE PROCEEDS THEREOF TO THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 1 THE FINANCE AND AUDIT COMMITTEE IS A COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE SHALL BE COMPOSED OF THREE OR MORE DIRECTORS, NONE OF WHOM SHALL BE AN EMPLOYEE OF THE SCHOOL. ALL MEMBERS OF THE COMMITTEE SHALL BE FINANCIALLY LITERATE, AND AT LEAST ONE MEMBER SHALL HAVE ACCOUNTING OR RELATED FINANCIAL MANAGEMENT EXPERTISE. THE MEMBERS OF THE COMMITTEE SHALL BE NOMINATED BY THE BOARD AT THE ANNUAL MEETING OF THE BOARD AND SHALL SERVE UNTIL THE NEXT ANNUAL ORGANIZATIONAL MEETING OR UNTIL THEIR RESPECTIVE SUCCESSORS SHALL BE NOMINATED. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE FORM 990, WITHOUT DONOR INFORMATION, AT A MEETING PRIOR TO THE FILING OF THE FORM 990. THE REVIEW OF THE 990 BY THE BOARD INCLUDES REVIEW OF: PROGRAM SERVICE ACCOMPLISHMENTS; THE STATEMENT OF FUNCTIONAL EXPENSES; AND THE EXISTENCE OF A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY, AND A PROCESS FOR DETERMINING COMPENSATION OF THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EVERY BOARD MEMBER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT, WHICH FORMS ARE KEPT ON FILE BY THE DIRECTOR OF FINANCE. SUCH FORMS DESCRIBE TYPES OF CONFLICTS OF INTEREST AND REQUIRE DISCLOSURE OF ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE FINANCE COMMITTEE REVIEW AND APPROVE THE ANNUAL COMPENSATION OF THE HEAD OF SCHOOL PRIOR TO EXECUTION OF THE HEAD OF SCHOOL'S ANNUAL EMPLOYMENT CONTRACT. IN CONNECTION WITH THIS DELIBERATION, CAIS INFORMATION REGARDING COMPENSATION OF OTHER HEADS OF SCHOOL IS REVIEWED. OTHER KEY EMPLOYEES ARE REVIEWED BY THE HEAD OF SCHOOL, WITH CAIS COMPENSATION INFORMATION, AND SUCH REVIEWS ARE DOCUMENTED IN PERSONNEL FILES. THE MOST RECENT YEAR IN WHICH THE PROCESS OF REVIEWING AND APPROVING COMPENSATION WAS CONDUCTED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST OF POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.