2018-07-11T12:09:12-05:00 2017-08-31 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2016-09-01 953512203 CARLTHORP SCHOOL CARL 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 TIMOTHY KUSSEREOW HEAD OF SCHOOL 3104511332 2018-07-11 1 DAVID ROBYDEK P02127582 6267933600 2018-07-11 2016 2022-09-23 18:48:47Z TIMOTHY KUSSEROW 438 SAN VICENTE BLVD SANTA MONICA CA 90402 9730443 0 X WWW.CARLTHORP.ORG X 1939 CA INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. 13 12 93 110 0 0 2253843 1444803 7554646 7651921 380619 399535 137744 143891 10326852 9640150 618594 519882 0 0 6904338 7005814 0 0 308153 2196680 1994276 9719612 9519972 607240 120178 36039730 38770427 6024356 6521708 30015374 32248719 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 RESPECTFUL VALUES, REPSONSIBLE 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 7966373 519882 7651921 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 2017 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. TEACHERES UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES. WITH TWO CLASSES AT EACH GRADE LEVEL LIMITED TO 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 2015-16 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS. 7966373 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 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 93 1 0 0 0 0 0 1 1 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X KEN PARR 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 PETE ADAMSON TRUSTEE 1.50 X 0 0 0 MIMI BAE TRUSTEE 1.50 X 0 0 0 STEPHEN CONTOPULOS TRUSTEE 1.50 X 0 0 0 ART COPPOLA TRUSTEE 1.50 X 0 0 0 ALONZO E HILL TRUSTEE 1.50 X 0 0 0 TIMOTHY JACKMAN TRUSTEE 1.50 X 0 0 0 GLYN MILBURN TRUSTEE 1.50 X 0 0 0 SHANNON ROTENBERG TRUSTEE 1.50 X 0 0 0 STEPHEN KAPLAN TRUSTEE 1.50 X 0 0 0 NAVID MAHMOODZADEGAN TRUSTEE 1.50 X 0 0 0 PETER SHEEHY TRUSTEE 1.50 X 0 0 0 DAVID HOU TRUSTEE 1.50 X 0 0 0 TIMOTHY KUSSEROW HEAD OF SCHOOL 40.00 X X 307980 0 68384 NADIA SHIELDS TEACHER 40.00 X 103495 0 21056 ELISABETH TARVIN TEACHER 40.00 X 103287 0 22277 SAM BAHKSHANDEPOUR TRUSTEE 1.50 X 0 0 0 DEBORAH CONRAD TRUSTEE 1.50 X 0 0 0 KENNETH PARR DIRECTOR OF FINANCE 40.00 X 202573 0 53448 ROBERT MORIARITY DIRECTOR OF INFORMATION TE 40.00 X 126917 0 16649 LYNN WAGMEISTER DIRECTOR OF ADMISSIONS 40.00 X 131333 0 20417 JASON ANKLOWITZ ASSISTANT PRINCIPAL 40.00 X 134833 0 15972 DOROTHY MENZIES FORMER HEAD OF SCHOOL 40.00 X 219333 0 25147 1329751 0 243350 8 1 1 0 0 171115 1273688 144032 1444803 TUITION/TUTORING FEES 611600 7493197 7493197 WORKSHOPS AND ACTIVITI 611710 158724 158724 7651921 399535 399535 226415 171115 90293 136122 136122 MISCELLANEOUS INCOME 900099 7769 7769 7769 9640150 7651921 0 543426 519882 519882 738252 237825 321560 178867 4760379 4266403 444155 49821 235592 196018 31002 8572 879658 766388 88736 24534 391933 326098 51575 14260 21844 21844 26000 26000 123594 54569 69025 14135 14135 72481 25850 39832 6799 265297 238767 26530 10500 4832 4372 1296 12945 12945 57766 57766 402743 362469 40274 141268 127141 14127 REPAIRS AND MAINTENANCE 249641 224677 24964 STUDENT ACTIVITIES & ME 179051 179051 PROGRAM SERVICE ACTIVIT 171905 171905 CLASSROOM SUPPLIES 123836 123836 121270 82896 14370 24004 9519972 7966373 1245446 308153 255635 500439 13312360 14372040 114094 86183 186627 203077 10144857 4334001 5858277 5810856 16312737 17797832 36039730 38770427 344777 364982 5679579 6156726 6024356 6521708 X 27932771 30096225 1204490 1274381 878113 878113 30015374 32248719 36039730 38770427 120178 2113167 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20006379 0 2414233 0 22420612 18066813 250000 1693566 4000 20006379 18294320 -6000 -221507 18066813 15493593 300 2800427 18294320 13298255 225839 1970794 1295 15493593 0.94410 0.04390 0.01200 0 0 2610517 2610517 6636680 3972280 2664400 714750 284237 430513 182910 77484 105426 5810856 X 11233435 2113167 -519882 1593285 9640150 0 9640150 9000086 0 9000086 519886 519886 9519972 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 -519,882. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 519,886. 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 RACIALLY NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER, SANTA MONICA MIRROR, DURING ITS REGISTRATION PERIOD. CARLTHORP SCHOOL DOES NOT HAVE A SOLICITATION PROGRAM. SCHOLARSHIP FUNDRAISER 397530 171115 226415 75070 59030 32263 397530 171115 226415 75070 59030 32263 166363 60052 1 FINANCIAL AID 29 519882 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. THIS RECOMMENDATION IS THE MINIMUM AMOUNT OF FINANCIAL AID AWARDED TO EACH APPLICANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 TIMOTHY KUSSEROW HEAD OF SCHOOL 262500 0 1500 0 43980 0 13950 0 54434 0 376364 0 0 0 KENNETH PARR DIRECTOR OF FINANCE 177133 0 4500 0 20940 0 11819 0 41629 0 256021 0 0 0 LYNN WAGMEISTER DIRECTOR OF ADMISSIONS 129333 0 2000 0 0 0 7197 0 13220 0 151750 0 0 0 JASON ANKLOWITZ ASSISTANT PRINCIPAL 133333 0 1500 0 0 0 7057 0 8915 0 150805 0 0 0 DOROTHY MENZIES FORMER HEAD OF SCHOOL 219333 0 0 0 0 0 11000 0 14147 0 244480 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. TIM KUSSEROW PRINCIPAL HOME PURCHASE X 100000 86183 0 1 1 86183 OFFICER 12838 TUITION REMISSION TUITION REMISSION KEY EMPLOYEE 25675 TUITION REMISSION TUITION REMISSION X 5 68982 FMV X CONTRIBUTED RAFFLE PRIZES 10 75050 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 ELECTED 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 DULY ELECTED. FORM 990, PART VI, SECTION A, LINE 2 THE FORMER HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE AND DEVELOPMENT HAVE A FAMILY RELATIONSHIP. 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 REVEIWING AND APPROVING COMPENSATION WAS CONDUCTED IN 2016. 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.