2019-05-13T13:50:47-05:00 2018-06-30 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2017-07-01 952701337 WINDWARD SCHOOL WIND 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 THOMAS GILDER HEAD OF SCHOOL 3103917127 2019-05-10 1 KATY BROWN P00650274 3104784148 2019-05-10 38.111.205.16 2019-05-10 20:58:39 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A2EF7C6B3EF9173E0A95C57244F2B1B86FE486B2 2017 2019-02-21 02:37:17Z THOMAS GILDER 11350 PALMS BLVD LOS ANGELES CA 90066 35350125 0 X WWW.WINDWARDSCHOOL.ORG X 1971 CA WINDWARD IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL FOR GRADES 7 TO 12. 22 20 291 194 0 2726 5068901 6924031 26191784 26992113 245075 177154 281434 150722 31787194 34244020 2237882 2323593 0 0 17363403 18481325 0 0 1288921 11475625 10728164 31076910 31533082 710284 2710938 64323932 68325881 31326081 31791851 32997851 36534030 X WINDWARD SCHOOL IS A DYNAMIC COLLEGE-PREPARATORY SCHOOL THAT CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE IN A NURTURING, INCLUSIVE COMMUNITY. WINDWARD TEACHERS, PARENTS, AND ADMINISTRATORS WORK TOGETHER TO INSPIRE OUR STUDENTS TO BE RESPONSIBLE, CARING, WELL INFORMED, ETHICAL, PREPARED, AND WELL BALANCED YOUNG ADULTS. 0 0 27952723 2323593 26993011 WINDWARD SCHOOL IS A SUPPORTIVE, NURTURING COMMUNITY WITH A DIVERSE STUDENT BODY, CLASSES AVERAGING 16 STUDENTS, AND A STUDENT-FACULTY RATIO OF APPROXIMATELY 8:1. WINDWARD ALLOCATES APPROXIMATELY $2.3 MILLION EACH YEAR TO FINANCIAL AID. THE SCHOOL PROVIDES A VARIED AND CHALLENGING ACADEMIC PROGRAM AND OPPORTUNITIES FOR STUDENTS TO PARTICIPATE IN ATHLETICS, THE ARTS, AND SERVICE LEARNING. ALL WINDWARD STUDENTS ARE REQUIRED TO FULFILL A 40-HOUR COMMITMENT OF SERVICE LEARNING BEFORE GRADUATION. THE WINDWARD SCHOOL CURRICULUM OFFERS STUDENTS A CHOICE OF MORE THAN 100 DIFFERENT COURSES, INCLUDING A LARGE NUMBER OF ADVANCED PLACEMENT COURSES. THE SCHOOL PROVIDES EXCELLENT PROGRAMS IN ENGLISH, MATHEMATICS, WORLD LANGUAGES, HISTORY, SCIENCE, AND THE VISUAL AND PERFORMING ARTS, AS WELL AS SPECIALIZED INTERDISCIPLINARY PROGRAMS FOR STEAM AND GLOBAL SCHOLARS. CO-CURRICULAR ACTIVITIES, SUCH AS CLUBS, FIELD TRIPS AND ATHLETIC CONTESTS, ALSO FIGURE PROMINENTLY IN THE WINDWARD EXPERIENCE. 27952723 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 1 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 98 0 1 291 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X PETER CHRISTIAN 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 NEIL WERTLIEB BOARD CHAIR 1.00 X X 0 0 0 NANCY GLASER VICE-CHAIR 1.00 X X 0 0 0 ELLIOT GORDON VICE-CHAIR 1.00 X X 0 0 0 ALLISON MIRKIN VICE-CHAIR 1.00 X X 0 0 0 BENNETT ROSENTHAL TREASURER 1.00 X X 0 0 0 CHRISTINA SMALE PARENT GUILD REP (THRU 8/17) 1.00 X 0 0 0 PATRICIA DUNCAN MEMBER 1.00 X 0 0 0 TED FIKRE MEMBER 1.00 X 0 0 0 MARIA MANCUSO GERSH MEMBER 1.00 X 0 0 0 DAN GINSBERG MEMBER 1.00 X 0 0 0 JORDAN KAPLAN MEMBER 1.00 X 0 0 0 EMILY KOVNER MOSS MEMBER 1.00 X 0 0 0 NORA MALONE MEMBER 1.00 X 0 0 0 DEBBIE MARKILES MEMBER 1.00 X 0 0 0 MICHAEL PARKS MEMBER 1.00 X 0 0 0 RANDYE SOREF MEMBER 1.00 X 0 0 0 KAROL WATSON MEMBER 1.00 X 0 0 0 CHRISTY KREISBERG MEMBER 1.00 X 0 0 0 PERRIE WEINER MEMBER 1.00 X 0 0 0 RICH PACHULSKI MEMBER (START 7/17) 1.00 X 0 0 0 ALEX KWIT MEMBER (START 7/17) 1.00 X 0 0 0 TOM GILDER SEE SCH J-PART III HEAD OF SCHOOL/ BOARD SECRETARY 40.00 X X 1678487 0 266754 CARRIE CRIEGHTON TRUSTEE, TEACHER 40.00 X 94573 0 14383 PETER CHRISTIAN DIR OF FINANCE & HUMAN RESOURCES 40.00 X 233293 0 13905 DAWN BARRETT ASSISTANT HEAD OF SCHOOL, DIR OF INST ADVANCEMENT 40.00 X 234485 0 22798 ERIC MANDEL ASSISTANT HEAD OF SCHOOL, DIRECTOR OF THE MIDDLE S 40.00 X 172830 0 19199 RAYMOND FRIEND DEAN OF FACULTY 40.00 X 142233 0 14473 SHARON PEARLINE DIR OF ADMISSIONS 40.00 X 168970 0 18916 KEVIN NEWMAN ASSISTANT HEAD OF SCHOOL, DIRECTOR OF COLLEGIATE D 40.00 X 152742 0 17931 MARGARET PROCTER DIR OF THE UPPER SCHOOL 40.00 X 100001 0 9665 2977614 0 398024 29 0 1 0 CULINART GROUP INC PO BOX 50196 LOS ANGELES CA 900740196 FOOD SERVICE 1054950 PAUL W SPEER INC 7141 VALJEAN AVE STE 101 VAN NUYS CA 91406 CONSTRUCTION 349222 CHIEF SECURITY LLC 4030 E RANSOM STREET LONG BEACH CA 90804 SECURITY SERVICE 348935 FIRST STUDENT INC 22157 NETWORK PLACE CHICAGO IL 606731221 BUS TRANSPORTATION 346780 JOHN SERGIO FISHER & ASSOC 5567 RESEDA BLVD STE 209 TARZANA CA 91356 DESIGN 312460 18 134750 6789281 394349 6924031 TUITION 611710 24240217 24240217 AUXILLARY SERVICES 611710 2731936 2731936 TUITION FEES 611710 19960 19960 26992113 26859 26859 188622 80503 108119 108119 108119 1082909 932614 150295 150295 150295 115693 134750 92988 22705 22705 PARKING REVENUE 812930 19000 19000 OTHER INCOME 611710 898 898 19898 34244020 26993011 0 326978 2323593 2323593 1276019 829464 284785 161770 13539797 11940367 1083950 515480 654125 533972 46359 73794 2003269 1812087 106292 84890 1008115 846348 73948 87819 61336 30668 30668 48040 48040 64467 64467 202303 184910 17393 667813 541261 109250 17302 641535 606556 34979 1806 1686 120 1984065 1674380 247748 61937 1298903 1274466 21685 2752 243463 241726 1737 768493 756493 12000 2060286 1854257 164823 41206 315626 281031 25676 8919 INSTRUCTIONAL EXPENSES 1940340 1854590 752 84998 ADVANCEMENT EVENTS 426047 296760 483 128804 OTHER EXPENSES 3641 3641 31533082 27952723 2291438 1288921 4858391 1876489 26446 4713031 3321136 5943987 41368 94997 273750 272300 443209 475341 61770317 24654099 37897854 37116218 11509039 11662613 5541422 5580177 411317 590728 64323932 68325881 2471604 1924586 9178023 10718561 19635724 19139833 40730 0 0 8871 31326081 31791851 X 26288442 26899010 6159298 9084909 550111 550111 32997851 36534030 64323932 68325881 2710938 825241 0 X X 0 1 X 1 0 X 0 0 772296 50000 3658 818638 694969 80841 3514 772296 727673 -29506 3198 694969 685882 28432 6158 2799 717673 505106 100000 82634 1858 685882 0.67200 0.32800 0 0 1786617 1786617 8842684 3634461 5208223 39777780 16349197 23428583 11363236 4670441 6692795 37116218 HEDGE FUND 5580177 F 5580177 OTHER LIABILITIES 8871 8871 X 32854692 825241 825241 32029451 2214569 2214569 34244020 29318513 0 29318513 2214569 2214569 31533082 PART X, LINE 2: THE SCHOOL IS A NONPROFIT CORPORATION DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXATION UNDER 23701(D) OF THE CALIFORNIA REVENUE AND 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. THE RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -92,988. RENTAL EXPENSES -80,503. TUITION ASSISTANCE 2,323,593. INVESTMENT MANAGEMENT EXPENSES 64,467. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -92,988. RENTAL EXPENSES -80,503. TUITION ASSISTANCE 2,323,593. INVESTMENT MANAGEMENT EXPENSES 64,467. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WINDWARD SCHOOL EXTENDS TO ALL REGARDLESS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY AFFORDED OR MADE AVAILABLE TO STUDENTS OF THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTRATIVE PROGRAMS. WINDWARD SCHOOL ADVERTISES ITS RACIALLY NON-DISCRIMINATORY POLICY THROUGH NEWSPAPERS, MAGAZINES, MANUALS, OPEN HOUSES TO WHICH THE PUBLIC IS INVITED, AND APPEARANCES AT PUBLIC HIGH SCHOOLS. A FINANCIAL AID PROGRAM IS OFFERED TO NEEDY STUDENTS. WINDWARD IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA INDEPENDENT SCHOOLS, BOTH OF WHICH ARE NON-DISCRIMINATORY. THE LASTEST PUBLICATION DATE IS JUNE 6, 2018 IN THE LOS ANGELES TIMES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 5580176 0 0 0 0 0 0 5580176 0 5580176 0 0 0 1 0 0 SPRING EVENT DINNER 250443 134750 115693 46494 46494 250443 134750 115693 46494 46494 92988 22705 1 TUITION ASSISTANCE 70 2323593 FMV DIRECT CREDIT APPLIED TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL AND STUDENT SERVICES OF NAIS("SSS"). THE FORM IS THEN SUBMITTED TO SSS AND SSS THEN MAKES A RECOMMENDATION TO THE SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. FINANCIAL AID AT THE SCHOOL IS AWARDED BASED ON A FAMILY'S DEMONSTRATED FINANCIAL NEED. A STUDENT SHOULD NEVER BE AWARDED AID IN EXCESS OF HIS/HER NEED, AS ASSESSED BY THE FINANCIAL AID COMMITTEE AFTER UTILIZING ALL AVAILABLE INFORMATION. X X X 0 1 0 0 0 0 0 0 0 TOM GILDER SEE SCH J-PART III HEAD OF SCHOOL/ BOARD SECRETARY 395830 0 0 0 1282657 0 257861 0 8893 0 1945241 0 1282657 0 PETER CHRISTIAN DIR OF FINANCE & HUMAN RESOURCES 233293 0 0 0 0 0 13905 0 0 0 247198 0 0 0 DAWN BARRETT ASSISTANT HEAD OF SCHOOL, DIR OF INS 234485 0 0 0 0 0 13905 0 8893 0 257283 0 0 0 ERIC MANDEL ASSISTANT HEAD OF SCHOOL, DIRECTOR O 172830 0 0 0 0 0 10306 0 8893 0 192029 0 0 0 RAYMOND FRIEND DEAN OF FACULTY 142233 0 0 0 0 0 5580 0 8893 0 156706 0 0 0 SHARON PEARLINE DIR OF ADMISSIONS 168970 0 0 0 0 0 10023 0 8893 0 187886 0 0 0 KEVIN NEWMAN ASSISTANT HEAD OF SCHOOL, DIRECTOR O 152742 0 0 0 0 0 9038 0 8893 0 170673 0 0 0 PART I, LINE 4B FOR 2017, THE HEAD OF SCHOOL WAS PAID A SALARY OF $395, 830 AND RECEIVED NON-TAXABLE BENEFITS EQUALING $8,893. IN ADDITION, $257,861 WAS REPORTED ON THE 990 AS DEFERRED COMPENSATION THAT WOULD VEST AT A FUTURE DATE. THEREFORE, THE TOTAL COMPENSATION PACKAGE FOR 2017 WAS $662,584. IN ADDITION, DEFERRED COMPENSATION THAT HAD BEEN REPORTED ON PREVIOUS 990 FORMS VESTED IN 2017. THE TOTAL OF THESE FUNDS WAS $1,282,657. THIS AMOUNT IS SHOWN ON SCHEDULE J, PART II, LINE 1, COLUMNS B (III) AND F. UNLIKE SIMILAR SCHOOLS IN LOS ANGELES, WINDWARD DOES NOT PROVIDE HOUSING TO THE HEAD OF SCHOOL. THE SALARY OF $395,830 AND THE PREVIOUSLY REPORTED DEFERRED COMPENSATION THAT VESTED IN 2017 WERE INCLUDED ON THE HEAD OF SCHOOL'S W-2. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-11-08 24875000 CAPITAL EXPANSION AND REFUNDING OF 2007 BOND ISSUE OF $19,550,000 0 0 0 A 2101883 21348000 113783 21234217 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 FORM 990 SCHEDULE K PART 1 IN NOVEMBER 2012, THE SCHOOL ENTERED INTO A TAX-EXEMPT LOAN AGREEMENT WITH FIRST REPUBLIC BANK. UNDER THE TERMS OF THE AGREEMENT, THE SCHOOL MAY BORROW UP TO $25,000,000 TO BE APPLIED TOWARDS A CLOSING ADVANCE OF $21,473,000 AND PERIODIC ADVANCE OF $3,527,000, SECURED BY CERTAIN SCHOOL ASSETS, AS DEFINED, AND SUBJECT TO LOAN COVENANTS, AS DEFINED ACCORDINGLY. THE SCHOOL USED THE CLOSING ADVANCE OF $21,473,000 TO REDEEM THE 2007 BONDS IN THE TOTAL PRINCIPAL AMOUNT OF $19,550,000 TO PAY THE PRIOR SWAP PROVIDER FOR THE EARLY TERMINATION OF AN INTEREST RATE SWAP RELATING TO THE 2007 BONDS IN THE AMOUNT OF $1,680,237, AND TO PAY COSTS OF ISSUANCE RELATING TO THE 2012 TAX EXEMPT LOAN FINANCING. X 35 381849 FMV X 24 7900 FMV X VARIOUS OTHER ITEMS 17 4600 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION SUPPLIES A COPY OF THE FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES TO REVIEW. THE REST OF THE MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE PUBLIC RECORD FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S BOARD OF TRUSTEES HAS ADOPTED A CONFLICT OF INTEREST POLICY TO ENSURE THAT BOARD ACTIONS ARE ADOPTED FREE FROM ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST. TRUSTEES ARE EXPECTED TO USE COMMON SENSE AND GOOD JUDGEMENT IN THE EXERCISE OF THEIR DUTIES. WHILE THIS LIST IS NOT EXHAUSTIVE, THE FOLLOWING ARE COMMON EXAMPLES THAT COULD GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OF INTEREST. (A) A TRUSTEE OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY IS RELATED TO ANY SCHOOL EMPLOYEE OR RELATIVE OF AN EMPLOYEE BY BLOOD, MARRIAGE OR DOMESTIC PARTNERSHIP WHICH EMPLOYEE OR RELATIVE COULD BE IMPACTED BY A MATTER TO BE CONSIDERED BY THE BOARD. (B) A TRUSTEE, OR ANY ENTITY BY WHICH THE TRUSTEE OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY IS EMPLOYED OR IN WHICH THE TRUSTEE HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, STANDS TO BENEFIT FROM A SCHOOL TRANSACTION, INCLUDING WITHOUT LIMITATION RECEIVING PAYMENT FROM THE SCHOOL FOR ANY CONTRACT, GOOD, OR SERVICE, OTHER THAN IN REIMBURSEMENT FOR REASONABLE EXPENSES INCURRED ON BEHALF OF THE SCHOOL. (C) A TRUSTEE, OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY, HAS A REAL PROPERTY INTEREST THAT COULD BE IMPACTED(EITHER POSITIVELY OR NEGATIVELY) BY THE SCHOOL'S OPERATIONS FOLLOWING DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD CHAIR SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. IF SO, THE CHAIR SHALL REFER THE MATTER TO THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. THE CHAIR OF THE BOARD SHALL DISCLOSE HIS OR HER OWN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE REMAINDER OF THE EXECUTIVE COMMITTEE, WHO SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. IF SO, REFER THE MATTER TO THE EXECUTIVE COMMITTEE, WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. EACH TRUSTEE MUST SIGN AND DATE THIS POLICY ANNUALLY, AT OR BEFORE THE FIRST FALL BOARD MEETING. IN ADDITION, KEY EMPLOYEES PARTICIPATE IN AN ANNUAL CONFLICT OF INTEREST SIGN-OFF. A TRUSTEE WHO IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST IS NOT ALLOWED TO VOTE ON ANY MATTERS RELATED WITH THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL USES THE BENCHMARKING TOOL PROVIDED BY THE NAIS TO COMPARE AND EVALUATE THE COMPENSATION PACKAGES OF SIMILAR POSITIONS IN THE AREA. IN ADDITION, THE SCHOOL HIRES AN INDEPENDENT CONSULTANT THAT EVALUATES THE COMPENSATION PACKAGES OF SEVERAL HEADS OF SCHOOL IN THE AREA. THE EXECUTIVE COMMITTEEE REVIEWS BOTH REPORTS, EVALUATES THE RESULTS AND SETS THE NEW COMPENSATION FOR THE HEAD OF SCHOOL. HEAD OF SCHOOL COMPENSATION WAS REVIEWED IN THE 2017 SCHOOL YEAR BY THE EXECUTIVE COMMITTEE. THE HEAD OF SCHOOL REVIEWS, EVALUATES AND DECIDES THE COMPENSATION PACKAGES OF KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION WITHOUT CHARGE DURING REGULAR BUSINESS HOURS AT THE BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.