2020-04-28T11:03:24-05:00 2019-06-30 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2018-07-01 954823489 NEW ROADS SCHOOL NEWR 3108285582 3131 OLYMPIC BLVD SANTA MONICA CA 90404 ERIC ETHERIDGE DIRECTOR OF FINANCE 3108285582 2020-04-23 1 KATY BROWN P00650274 3104784148 2020-04-07 34.104.2.30 2020-04-23 18:37:46 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3DEC03AD850C6FD952F9D7BE3536A1E31300727C 2018 2021-01-29 14:40:06Z LUTHERN WILLIAMS 3131 OLYMPIC BLVD SANTA MONICA CA 90404 25711062 0 X WWW.NEWROADS.ORG X 1995 CA TO SERVE AS A MODEL FOR EDUCATION IN AN ETHNICALY AND CULTURALLY DIVERSE COMMUNITY. 17 17 245 200 0 0 2130428 2951118 21583609 22194034 -74721 55698 160004 322155 23799320 25523005 6555265 6130114 0 0 12340417 12198689 0 0 925299 5393002 5629659 24288684 23958462 -489364 1564543 51957349 50051877 21441415 17956224 30515934 32095653 X NEW ROADS SCHOOL IS AN INDEPENDENT SCHOOL IN LOS ANGELES SERVING GRADES K-12. IT WAS ESTABLISHED IN 1995 AS A MODEL FOR EDUCATION IN AN ETHNICALLY, CULTURALLY, AND SOCIO-ECONOMICALLY DIVERSE COMMUNITY. NEW ROADS RESTS UPON SEVERAL FUNDAMENTAL COMMITMENTS (SEE SCHEDULE O) (1) DEVELOPMENT OF A STUDENT POPULATION OF SOCIAL, ECONOMIC, ETHNIC, AND RACIAL DIVERSITY, (2) DEVELOPMENT OF EACH STUDENT'S FULL HUMAN POTENTIAL, (3) ACADEMIC EXCELLENCE AND EXCELLENCE IN THE ARTS, (4) BEHAVING RESPONSIBLY AND HONORABLY AS AN INSTITUTION, AND (5) SERVING THE LARGER ECOLOGICAL AND SOCIAL COMMUNITY. 0 0 19691406 6130114 22194034 IN AN AUTHENTICALLY DIVERSE COMMUNITY REFLECTIVE OF LOS ANGELES, NEW ROADS PREPARES YOUNG PEOPLE FOR LIFE BY DEVELOPING IN THEM A PERSONAL DEDICATION TO LEARNING, A RESPECT FOR INDEPENDENT THINKING, AN EXPANDING CURIOSITY ABOUT THE WORLD AND ITS PEOPLE, AND A COMMITMENT TO THE COMMON GOOD. NEW ROADS SCHOOL IS A K-12 COLLEGE PREPARATORY SCHOOL IN SANTA MONICA, CALIFORNIA. THE SCHOOL CURRENTLY SERVES 511 STUDENTS, 84 AT THE LOWER SCHOOL AND 435 AT THE MIDDLE AND UPPER SCHOOLS. OUR STUDENT COMMUNITY'S DIVERSITY CONSISTS OF 44% PEOPLE OF COLOR; OUR FACULTY CONSISTS OF 40% PEOPLE OF COLOR; OUR ADMINISTRATION CONSISTS OF 42% PEOPLE OF COLOR. 19691406 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 0 1 0 0 0 0 0 0 0 0 1 93 0 1 245 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ERIC ETHERIDGE 3108285582 C/O NEW ROADS SCHOOL 3131 OLYMPIC SANTA MONICA CA 90404 EMILY ALEXANDER CHAIRWOMAN BOARD OF TRUSTEES 10.00 X 0 0 0 JUSTINE SCHREYER LEWIN SECRETARY BOARD OF TRUSTEES 2.00 X 0 0 0 MARLA MAYER VICE CHAIRWOMAN BOARD OF TRUSTEES 2.00 X 0 0 0 HARVEY MOTULSKY TREASURER BOARD OF TRUSTEES 2.00 X 0 0 0 RACHEL BANK TRUSTEE 6.00 X 0 0 0 GLEN KRAEMER CHAIRMAN GOVERNANCE COMMITTEE 2.00 X 0 0 0 ORA NADRICH TRUSTEE 2.00 X 0 0 0 ANDY ROSE MEMBER AT LARGE, BOARD OF TRUSTEES 2.00 X 0 0 0 ELLIOT WILLIAMS TRUSTEE 2.00 X 0 0 0 MARK WINDHAM TRUSTEE 2.00 X 0 0 0 CARLOS HERNANDEZ TRUSTEE 2.00 X 0 0 0 PAM LITVACK TRUSTEE 2.00 X 0 0 0 MELISSA ROWE TRUSTEE 2.00 X 0 0 0 KIMBERLY BUFFINGTON TRUSTEE (THRU 06/30/19) 2.00 X 0 0 0 JOEL DEUTSCH CHAIRMAN AUDIT COMMITTEE (THRU 06/30/19) 2.00 X 0 0 0 DAVID LINDE TRUSTEE (THRU 06/30/19) 2.00 X 0 0 0 SEAN SCOTT TRUSTEE (THRU 06/30/19) 2.00 X 0 0 0 LUTHERN WILLIAMS PRESIDENT, HEAD OF SCHOOL 40.00 X 359382 0 18994 MICHELLE SHANKS CFO (AS OF 8/2018) 40.00 X 71165 0 2993 KITTY COHEN CFO (THROUGH 8/2018) 40.00 X 113621 0 9814 RYAN HAWLEY ASSISTANT HEAD OF SCHOOL 40.00 X 172222 0 25698 ERIC ETHERIDGE HUMAN RESOURCE & BUSINESS 40.00 X 132254 0 20446 PATRICIA BENTIVOGLIO UPPER SCHOOL DIRECTOR 40.00 X 126867 0 22094 YOON MI CHECCHI DIR. OF FIN. AID & ENROLLMENT 40.00 X 125048 0 13262 CHE'RAE ADAMS SENIOR DIRECTOR, OPERATIONS 40.00 X 121373 0 9892 ALISON MILLER MIDDLE SCHOOL DIRECTOR 40.00 X 106787 0 23728 1328719 0 146921 12 0 1 0 KARAS SECURITY SERVICES INC 11844 W PICO BLVD STE 201 LOS ANGELES CA 90064 SECURITY 246443 KOHL BUILDING MAINTENANCE INC 9538 TOPANGA CANYON BLVD CHATSWORTH CA 91311 JANITORIAL 104917 BOB GOLD & ASSOCIATES 1640 S PACIFIC COAST HWY REDONDO BEACH CA 90277 PUBLIC RELATIONS 103244 3 376596 2574522 61880 2951118 TUITION AND FEES 611600 21730529 21730529 STUDENT ACTIVITIES 611600 371442 371442 ADMINISTRATION FEES 900099 92063 92063 22194034 55698 55698 304089 67242 236847 236847 236847 42317 42317 0 0 142380 376596 78498 63882 63882 OTHER REVENUE 900099 21426 21426 21426 25523005 22194034 0 377853 6130114 6130114 816533 212028 408453 196052 9273610 7840752 1007349 425509 264805 221675 31257 11873 1124039 916322 142980 64737 719702 576237 99691 43774 31994 29754 2240 29453 27391 2062 280020 136015 133925 10080 242995 225985 17010 191622 51969 128685 10968 154643 16208 128745 9690 1292278 1098437 155073 38768 18023 16761 1262 153509 62728 84426 6355 429410 364999 51529 12882 1340001 1102447 198645 38909 112184 104331 7853 PROGRAM EXPENSES 731931 731931 HOSPITALITY 320595 97705 207288 15602 BAD DEBT 151374 75970 72722 2682 DUES 127701 37232 84136 6333 21926 18637 2631 658 23958462 19691406 3341757 925299 5056929 2732154 1389701 3012000 398845 65075 212266 39418 126090 153908 52511516 9647543 43882259 42863973 863987 1158077 27272 27272 51957349 50051877 745780 602018 5325353 2147692 11329954 11201871 3932102 3896417 108226 108226 21441415 17956224 X 29290195 30670794 525183 1424859 700556 0 30515934 32095653 51957349 50051877 1564543 15176 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 851634 250000 67430 42305 1126759 859222 31739 39327 851634 793274 88955 23007 859222 808244 -14970 793274 793293 100 14851 808244 0.84360 0.15640 0 0 13012841 13012841 34830703 6939489 27891214 3732848 1940542 1792306 473659 307262 166397 461465 460250 1215 42863973 DEFERRED COMPENSATION 108226 108226 X 19408067 15176 -6130114 -6114938 25523005 0 25523005 17828348 0 17828348 6130114 6130114 23958462 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES ONLY DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -6,130,114. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,130,114. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN REVENUE RULING 2019-22. KALEIDOSCOPE 518976 376596 142380 78498 518976 376596 142380 78498 78498 63882 1 SCHOLARSHIPS 208 6130114 CASH VALUE OF TUITION REDUCTION TUITION REDUCTION PART I, LINE 2: FINANCIAL AID IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED ON A NON-DISCRIMINATORY BASIS, AS DETERMINED BY THE FINANCIAL AID COMMITTEE. GRANTS ARE GIVEN IN THE FORM OF REDUCED TUITION, NEVER A CASH GRANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LUTHERN WILLIAMS PRESIDENT, HEAD OF SCHOOL 289182 0 0 0 70200 0 9468 0 9526 0 378376 0 0 0 RYAN HAWLEY ASSISTANT HEAD OF SCHOOL 172222 0 0 0 0 0 10795 0 14903 0 197920 0 0 0 ERIC ETHERIDGE HUMAN RESOURCE & BUSINESS 132254 0 0 0 0 0 3864 0 16582 0 152700 0 0 0 PART I, LINE 1A LUTHERN WILLIAMS, PRESIDENT AND HEAD OF SCHOOL, RECEIVED A HOUSING, AUTO AND CELL PHONE ALLOWANCE TOTALING $70,200 THAT WAS INCLUDED IN HIS 2018 W-2 TAXABLE WAGES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2019-06-28 15450000 2019 SERIES A AND SERIES B BONDS 0 0 0 A 11225179 15450000 259821 3965000 11225179 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 A 1 PART II, LINE 25 REFINANCE OF REFUNDED BONDS 03/13/2013 AND 06/20/2013, AND FINANCE NEW CONSTRUCTION. X AUCTION ITEMS 9 61880 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, IS REVIEWED AND APPROVED BY THE CFO, HEAD OF SCHOOL, AND THE EXECUTIVE COMMITTEE. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST (COI) POLICY IS PROVIDED TO EACH DIRECTOR AND OFFICER UPON NOMINATION OR INITIAL HIRE. ANNUALLY, A COI DISCLOSURE FORM IS PROVIDED TO EACH OFFICER AND DIRECTOR WHO EACH SIGN AND RETURN THEIR FORM TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE REVIEWS EACH FORM AND ANY NOTED CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT. ALL CONFLICTS ARE THEN DIRECTED TO THE APPROPRIATE COMMITTEE OR BROUGHT BEFORE THE ENTIRE BOARD FOR DISCLOSURE AND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS PACKAGE OF THE HEAD OF SCHOOL ON AN ANNUAL BASIS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF ANY INTERESTED PERSON, USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES, NAIS, CAIS, CAL-ISBOA. A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR ITS REVIEW AND APPROVAL, AND THE DELIBERATION AND DECISIONS REACHED ARE DOCUMENTED. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF THE CFO USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES. COMPENSATION INCREASES FOR ALL OTHER EMPLOYEES ARE CALCULATED USING THE SAME PERCENTAGE ACROSS THE BOARD AS DETERMINED BY THE BOARD OF DIRECTORS AT THE ANNUAL FALL BUDGET MEETING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE TO THE ORGANIZATION'S SELECTION OR OVERSIGHT PROCESS FOR THE EXTERNAL AUDIT OF ITS FINANCIAL STATEMENTS.