2018-05-02T19:32:06-05:00 2017-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2016-07-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 DOUGLAS E PHELPS COO 3108400500 2018-04-30 1 NAZANIN BENYAMINI P00666808 3104773924 2018-04-24 208.87.235.180 2018-04-30 09:28:52 PD P 913831BCAAA311BEFE2889EBE6F2715DB46ECCEC 913831BCAAA311BEFE2889EBE6F2715DB46ECCEC 2016 2021-01-29 14:40:06Z JENNIFER PALMER 3939 LANDMARK ST CULVER CITY CA 90232 8420489 0 X WWW.PARKCENTURYSCHOOL.ORG X 1968 CA TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 20 20 89 20 0 0 2424533 962574 6660871 7288104 57471 35228 58642 99142 9201517 8385048 270000 454646 0 0 4989110 4879452 0 0 281353 2163329 2330547 7422439 7664645 1779078 720403 30169027 26064710 18642790 13766935 11526237 12297775 TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 0 0 5952435 454646 7387246 THE PARK CENTURY ACADEMIC PROGRAM IS TAUGHT IN ONE-TO-ONE AND SMALL GROUPS TUTORIAL SESSIONS AS WELL AS IN SMALL UNGRADED CLASSROOMS. ONE-TO-ONE INSTRUCTION IN READING AND MATHEMATICS IS PROVIDED. SUBJECT AREAS SUCH AS SOCIAL STUDIES AND SCIENCE ARE PRESENTED WITHIN SMALL GROUPS. WRITTEN AND ORAL EXPESSION ARE TAUGHT INDIVIDUALLY. INTEGRAL PARTS OF THE PROGRAM ARE COMPUTER AND STUDY SKILLS, PHYSICAL EDUCATION AND PERCEPTUAL MOTOR SKILLS, ARTS AND ENRICHMENT, AND, IF NECESSARY, SPEECH AND LANGUAGE THERAPY. STUDENTS ARE HELPED TO DEVELOP A POSITIVE SELF IMAGE, SET REALISTIC GOALS AND LEARN SKILLS AND STRATEGIES NECESSARY TO SUCCEED IN SECONDARY SCHOOLS. 5952435 1 1 0 0 0 0 0 0 0 0 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 1 0 1 0 0 0 0 0 0 0 0 1 12 0 1 89 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X JENNIFER PALMER 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 MICHAEL BRYANT MD MBA TRUSTEE 1.00 X 0 0 0 SHEILA COHN TRUSTEE (UNTIL 5/25/17) 1.00 X 0 0 0 LISA HANDLER DOHERTY TRUSTEE 1.00 X 0 0 0 BESS ARMSTRONG FIEDLER TRUSTEE (AS OF 5/25/17) 1.00 X 0 0 0 FLAXIE FLETCHER MD TRUSTEE 1.00 X 0 0 0 DAVID FRANDZEL TRUSTEE 1.00 X 0 0 0 LESLIE GOODMAN TRUSTEE (AS OF 5/25/17) 1.00 X 0 0 0 CHRISTY GLASS LOWE TRUSTEE 1.00 X 0 0 0 JUSTIN HUNT TRUSTEE (AS OF 5/25/17) 1.00 X 0 0 0 ANTHONY JAFFE TRUSTEE 1.00 X 0 0 0 PAUL JENNINGS TRUSTEE 1.00 X 0 0 0 JASON KELLER TRUSTEE (AS OF 5/25/17) 1.00 X 0 0 0 JEFFREY MIRKIN TRUSTEE (UNTIL 5/25/17) 1.00 X 0 0 0 GUY PRIMUS TRUSTEE 1.00 X 0 0 0 KENNETH H SALKIN TRUSTEE (UNTIL 5/25/17) 1.00 X 0 0 0 SALLY SHAYWITZ MD TRUSTEE 1.00 X 0 0 0 STEPHEN L THOMAS ESQ TRUSTEE 1.00 X 0 0 0 PATRICIA R TORREY TRUSTEE 1.00 X 0 0 0 SALLY WEIL TRUSTEE 1.00 X 0 0 0 ISLA P GARRAWAY MD PHD VICE PRESIDENT (AS OF 5/25/17) 1.00 X X 0 0 0 HELEN NEWTON HARTUNG SECRETARY 1.00 X X 0 0 0 HILARY GARLAND PSYD MED PRESIDENT (AS OF 5/25/17) 1.00 X X 0 0 0 PHYLLIS THOMAS TREASURER 1.00 X X 0 0 0 ANGELICA CASTRO CFO (UNTIL 5/31/16) 40.00 X 132546 0 8033 DOUGLAS E PHELPS HEAD OF SCHOOL 40.00 X 285880 0 27517 PATRICIA DURANT SPECIALIST 40.00 X 119263 0 12218 JUDITH FULLER ADMISSION DIRECTOR 40.00 X 110621 0 29400 JENNIFER PALMER DEVELOPMENT DIRECTOR & COM 40.00 X 112101 0 10488 GAIL SPINDLER FORMER CO-DIRECTOR 0.00 X 95124 0 0 GENNY SHAIN FORMER CO-DIRECTOR 0.00 X 98892 0 0 954427 0 87656 5 1 1 0 0 43806 918768 50184 962574 TUITION AND FEES 611600 7288104 7288104 7288104 35228 35228 35441 43806 35441 0 FIELD TRIP 611710 55200 55200 OTHER INCOME 611710 43942 43942 99142 8385048 7387246 0 35228 454646 454646 276471 160353 116118 3747217 3162964 447396 136857 119224 93858 18922 6444 412799 321997 69264 21538 323741 253413 50109 20219 30596 30596 32011 32011 511267 182016 329251 184730 151154 26570 7006 89669 73371 12897 3401 455561 372760 65523 17278 376598 308149 54166 14283 90730 74239 13050 3441 SCHOOL SUPPLIES & SERVI 232626 232626 BAD DEBT 85561 85561 PROF. DEVELOPMENT 81742 66885 11757 3100 REPAIRS AND MAINTENANCE 53779 44004 9775 105677 57891 47786 7664645 5952435 1430857 281353 257473 275992 8193722 8969228 1325454 726574 4196422 314429 51589 109460 19137114 5248574 14212215 13888540 1306084 1348296 626068 432191 30169027 26064710 504304 456350 6039162 1769923 12010710 11492809 88614 47853 18642790 13766935 X 10093520 11306838 1245897 804117 186820 186820 11526237 12297775 30169027 26064710 X 720403 24493 26642 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212154 212154 212154 212154 212154 212154 212154 212154 187154 25000 212154 0.00000 0.88060 0.11940 0 0 4050000 4050000 13690144 3984432 9705712 626092 515407 110685 770878 748735 22143 13888540 CAPTAL LEASE OBLIGATION 47853 47853 X 8016978 24493 62083 86576 7930402 454646 454646 8385048 7245440 35441 35441 7209999 454646 454646 7664645 PART V, LINE 4: FACULTY DEVELOPMENT AND FINANCIAL AID. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND CORRESPONDING CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D). IN ACCORDANCE WITH FASB ASC TOPIC NO. 740, "UNCERTAINTY IN INCOME TAXES," THE SCHOOL RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE SCHOOL HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL GAIN ON THE 457(B) PLAN 26,642. SPECIAL EVENT EXPENSES 35,441. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 454,646. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 35,441. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 454,646. 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, IN ADDITION TO PRINTING IT ON BROCHURES, APPLICATION FORMS, AND SCHOLARSHIP APPLICATION FORMS GIVEN TO POTENTIAL NEW STUDENTS. BENEFIT GALA 79247 43806 35441 22372 3643 9426 79247 43806 35441 22372 3643 9426 35441 0 1 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS 16 454646 FMV 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 1 0 0 0 0 0 0 0 0 DOUGLAS E PHELPS HEAD OF SCHOOL 235880 0 50000 0 0 0 8989 0 18528 0 313397 0 0 0 GAIL SPINDLER FORMER CO-DIRECTOR 95124 0 0 0 0 0 0 0 0 0 95124 0 0 0 GENNY SHAIN FORMER CO-DIRECTOR 98892 0 0 0 0 0 0 0 0 0 98892 0 0 0 PART I, LINE 4A PER CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION, THE SEVERANCE PACKAGE PAID TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION BUT IS AVAILABLE TO THE IRS UPON REQUEST. A CA MUNICIPAL FINANCE AUTHORITY 201563466 2012-12-14 12857775 SEE PART VI 0 0 0 A 12857775 10000000 250775 2607000 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 1 REBECCA CHERNOFF DAUGHTER OF FORMER BOARD MEMBER 61472 REBECCA CHERNOFF IS A SALARIED TEACHER AT THE SCHOOL AND THE DAUGHTER OF A FORMER BOARD MEMBER 0 X 1 50184 FMV 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES A BROKER TO SELL THEIR STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 THE ORGANIZATION'S BOARD TRUSTEES STEPHEN THOMAS AND PHYLLIS THOMAS ARE RELATED AS BROTHER-IN-LAW AND SISTER-IN-LAW. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY PROFESSIONAL, INDEPENDENT ACCOUNTANTS. THE BOARD OF TRUSTEES DELEGATED THE REVIEW OF THE DRAFT OF THE FORM 990 TO THE AUDIT COMMITTEE, THE MEMBERSHIP OF WHICH INCLUDES NON-TRUSTEES WITH PROFESSIONAL EXPERTISE IN ACCOUNTING AND FEDERAL TAX LAW. BEFORE SUBMISSION OF THE FORM 990 TO THE IRS, THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990 AND REPORTS TO THE BOARD OF TRUSTEES THAT THE AUDIT COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE FORM 990 WAS COMPLETE, ACCURATE, AND CORRECT. 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, AND THE COMMITTEE ON TRUSTEES OF THE BOARD REVIEW THESE QUESTIONNAIRES. 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 CONTACT OTHERS SCHOOLS AND PERFORM OTHER SURVEYS. THE COMPENSATION DECISIONS ARE DOCUMENTED IN THE FINANCE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AND ALSO AVAILABLE ON THE PUBLIC WEBSITE WWW.GUIDESTAR.ORG. THE ORGANIZATION IS EXEMPT FROM SUPPLYING ITS FORM 1023 TO ANYONE REQUESTING FOR THIS BECAUSE IT FILED ITS FORM 1023 BEFORE JULY 15, 1987 AND DID NOT RETAIN A COPY OF THE FORM. ACCORDING TO THE INSTRUCTIONS FROM THE IRS WEBSITE, AN ORGANIZATION THAT FILED ITS FORM 1023 APPLICATION BEFORE JULY 15, 1987, IS REQUIRED TO MAKE THE APPLICATION AVAILABLE IF IT HAD A COPY OF THE APPLICATION ON JULY 15, 1987. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ACTUARIAL GAIN ON THE 457(B) PLAN 26,642.