2019-03-08T15:20:43-06:00 2018-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2017-07-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 JENNIFER PALMER COO 3108400500 2019-02-12 1 KATY BROWN P00650274 9257902600 2019-02-08 38.111.205.16 2019-02-12 11:32:25 PS P 32CDE991C152F389A30DE5702E9B7F379660D813 F5FB8C0FDA240AA2D0EC4EBDAD9DEA85C7008270 2017 2019-02-21 02:37:17Z DOUGLAS E PHELPS 3939 LANDMARK ST CULVER CITY CA 90232 8423541 0 X WWW.PARKCENTURYSCHOOL.ORG X 1968 CA TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 19 17 76 50 0 0 962574 1189258 7288104 7144810 35228 26380 99142 58473 8385048 8418921 454646 367600 0 0 4879452 4959145 0 0 240448 2330547 2753212 7664645 8079957 720403 338964 26064710 30017456 13766935 17333951 12297775 12683505 TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 0 0 5912884 367600 7144810 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. 5912884 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 18 0 1 76 1 0 0 0 0 0 1 1 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TJ HARNEY 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 HILARY GARLAND PSY MED PRESIDENT 1.00 X X 0 0 0 ISLA P GARRAWAY MD PHD VICE PRESIDENT 1.00 X X 0 0 0 PHYLLIS G THOMAS TREASURER 1.00 X X 0 0 0 HELEN NEWTON HARTUNG SECRETARY 1.00 X X 0 0 0 ANTHONY JAFFE DIRECTOR 1.00 X 0 0 0 BESS ARMSTRONG FIEDLER DIRECTOR 1.00 X 0 0 0 CHRISTY GLASS LOWE DIRECTOR 1.00 X 0 0 0 DAVID FRANDZEL DIRECTOR 1.00 X 0 0 0 GUY PRIMUS DIRECTOR 1.00 X 0 0 0 JASON KELLER DIRECTOR 1.00 X 0 0 0 JUSTIN HUNT DIRECTOR 1.00 X 0 0 0 LESLIE GOODMAN DIRECTOR 1.00 X 0 0 0 LISA HANDLER DOHERTY DIRECTOR 1.00 X 0 0 0 MICHAEL BRYANT MD MBA DIRECTOR 1.00 X 0 0 0 PATRICIA R TORREY DIRECTOR 1.00 X 0 0 0 PAUL JENNINGS DIRECTOR 1.00 X 0 0 0 SALLY SHAYWITZ MD DIRECTOR 1.00 X 0 0 0 SALLY WEIL DIRECTOR 1.00 X 0 0 0 STEPHEN L THOMAS ESQ DIRECTOR 1.00 X 0 0 0 DOUGLAS E PHELPS HEAD OF SCHOOL 40.00 X 264387 0 27927 JUDITH FULLER ADMISSION DIRECTOR 40.00 X 112622 0 27669 JENNIFER PALMER COO 40.00 X 122472 0 11811 SIDNEY DURANT ATHLETIC DIRECTOR 40.00 X 112704 0 13731 JON HAY MIDDLE SCHOOL DEAN 40.00 X 106184 0 24540 MARY ANN QUIRKE UPPER SCHOOL DEAN 40.00 X 110091 0 17276 828460 0 122954 7 0 1 0 ROBERT HALF MANAGEMENT PO BOX 743295 LOS ANGELES CA 90074 ACCOUNTANT CONSULTANTS 107229 1 16064 1173194 131302 1189258 TUITION AND FEES 611710 7087953 7087953 AUXILLARY SERVICES 611710 56857 56857 7144810 26380 26380 50408 0 50408 50408 50408 6990 16064 4620 2370 2370 MISCELLANEOUS REVENUE 900099 5695 5695 5695 8418921 7144810 0 84853 367600 367600 292312 146156 146156 3739000 3111857 541257 85886 155926 129663 22689 3574 453250 360295 80688 12267 318657 248404 56873 13380 132195 132195 39520 39520 307732 127339 180393 362240 334724 24224 3292 149162 123490 18342 7330 74670 60172 12764 1734 410495 341260 47402 21833 572682 476091 66131 30460 103246 85833 11922 5491 BAD DEBT 483698 483698 MISCELLANEOUS EXPENSES 62371 62371 DEVELOPMENT 55201 55201 8079957 5912884 1926625 240448 275992 269444 8969228 9463480 726574 611229 314429 4055516 109460 119029 19227050 5742627 13888540 13484423 1348296 1137982 432191 876353 26064710 30017456 456350 416878 1769923 5574570 11492809 11213741 47853 128762 13766935 17333951 X 11306838 11839335 804117 657350 186820 186820 12297775 12683505 26064710 30017456 X 338964 24672 22094 X X 0 1 X 1 0 X 212154 212154 212154 212154 212154 212154 212154 212154 212154 212154 0.88060 0.11940 0 0 4050000 4050000 13706834 4441468 9265366 520083 392167 127916 950133 908992 41141 13484423 CAPITAL LEASE OBLIGATION 128762 128762 X 8102707 24672 22094 46766 8055941 362980 362980 8418921 7716977 0 7716977 362980 362980 8079957 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, 2018, 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 22,094. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 367,600. SPECIAL EVENT EXPENSES -4,620. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 367,600. SPECIAL EVENT EXPENSES -4,620. 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 NON-DISCRIMINATORY POLICY IN NEWSPAPER MEDIA, INCLUDING BUT NOT LIMITED TO THE LOS ANGELES TIMES, ALONG WITH THE PUBLICATIONS SECTION OF THE CAL-ISBOA WEBSITE, SCHOOL BROCHURES, APPLICATION FORMS AND FINANCIAL ASSISTANCE FORMS THAT ARE ALL DISTRIBUTED TO CURRENT AND POTENTIAL PARK CENTURY SCHOOL PARENTS. DINNER 6990 6990 4620 16064 16064 23054 16064 6990 4620 4620 2370 1 FINANCIAL AID 14 367600 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. FINANCIAL AID COMMITTEE SCHOLARSHIPS ARE AWARDED ON A RACIALLY NON-DISCRIMINATORY BASIS. X X X 0 1 0 0 0 0 0 0 0 DOUGLAS E PHELPS HEAD OF SCHOOL 250000 0 12500 0 1887 0 11839 0 16088 0 292314 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. FOR THE YEAR ENDED JUNE 30, 2018, THE SCHOOL DID NOT INCUR PLAN CONTRIBUTION EXPENSES. AS OF JUNE 30, 2018, THE NET CASH SURRENDER VALUE OF THE POLICIES WAS $460,975 AND IS INCLUDE IN OTHER ASSETS ON THE ACCOMPANY 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 CAPITAL PROJECT 0 0 0 A 1644034 12857775 250775 12607000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 1 3947 LANDMARK LLC 35% OR MORE CONTROLLED BY BOARD MEMBERS 422418 PRIOR TO THE FISCAL YEAR ENDED JUNE 30, 2018, THE SCHOOL ENTERED INTO AN OPTION CONTRACT TO PURCHASE 100% OF 3947 LANDMARK, LLC OVER A FIVE YEAR PERIOD. THE 3947 LANDMARK, LLC OWNS A BUILDING IN CULVER CITY, CALIFORNIA ADJACENT TO THE SCHOOL. 3947 LANDMARK, LLC IS CURRENTLY CONTROLLED BY BOARD MEMBERS THROUGH MULTIPLE ENTITIES. DURING THE FISCAL YEAR ENDED JUNE 30, 2018, THE SCHOOL MADE THE FIRST PURCHASE FOR $422,418 AND NOW OWNS 20% OF 3947 LANDMARK, LLC AT JUNE 30, 2018. 0 3947 LANDMARK LLC 35% OR MORE CONTROLLED BY BOARD MEMBERS 92100 RENTAL INCOME 0 X 2 131302 0 0 0 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 22,094. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.