2018-04-24T17:31:23-05:00 2017-06-30 954610626 KALLMANTHOMPSONLOGAN LLP 125 S BARRINGTON PLACE LOS ANGELES CA 90049 990 2016-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 CHRISTOPHER B THOMAS CHIEF OPERATING OFFICER 8187323070 2018-04-19 1 STANLEY F SHIMOHARA CPA P00198926 3109091900 2018-04-19 69.75.52.98 2018-04-19 14:32:54 PD P BB20EB5F214B0FF80604B1F483D7D9C9F9F67E86 6526D387C220778DCEE219AC74295EEBDBABA1E1 2016 2021-01-29 14:40:06Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 36066793 0 X WWW.OAKWOODSCHOOL.ORG X 1951 CA SEE SCHEDULE O OAKWOOD SCHOOL IS A NON-PROFIT EDUCATIONAL INSTITUTION LOCATED IN NORTH HOLLYWOOD, CALIFORNIA. THE SCHOOL'S OPERATIONS CONSIST PRINCIPALLY OF PROVIDING ELEMENTARY AND SECONDARY EDUCATIONAL SERVICES TO ITS STUDENTS. 26 26 381 131 0 0 7033375 3989838 29707904 30541822 896400 898370 318173 282517 37955852 35712547 3065713 3260889 0 0 18606633 19730093 0 0 1371763 9960985 9450129 31633331 32441111 6322521 3271436 79187206 87019849 16724618 18994739 62462588 68025110 IN LIEU OF A MISSION STATEMENT, OAKWOOD SCHOOL HAS ADOPTED A STATEMENT OF PHILOSOPHY. SEE SCHEDULE O FOR DETAILS. 0 0 26609756 3260889 30541822 OAKWOOD SCHOOL PROVIDES ELEMENTARY AND SECONDARY EDUCATIONAL SERVICES THAT ARE RICH IN THE ARTS, SCIENCES AND HUMANITIES, AND CHALLENGING TO ITS STUDENTS' CREATIVE AND INTELLECTUAL CAPACITIES. THE SCHOOL PROMOTES THE ENHANCEMENT OF ITS STUDENTS' THOUGHT AND IMAGINATION, COMPETENCE AND CHARACTER AS INDIVIDUALS AND AS MEMBERS OF A SCHOOL COMMUNITY. 26609756 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 1 0 0 0 0 1 107 0 1 381 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MR CHRISTOPHER THOMAS 8187323070 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 MARTA F KAUFFMAN TRUSTEE, CHAIR 0.00 X 0 0 0 DAVID SIMON TRUSTEE, VICE CHAIR 0.00 X 0 0 0 ADAM N FOGELSON TRUSTEE, TREASURER 0.00 X X 0 0 0 NANCY CARELL SECRETARY 0.00 X X 0 0 0 BRIDGET L BAKER TRUSTEE 0.00 X 0 0 0 MITCHELL BUTLER' 89 TRUSTEE 0.00 X 0 0 0 MERYL K CHAE TRUSTEE 0.00 X 0 0 0 BRIAN DIAMOND TRUSTEE 0.00 X 0 0 0 KEN FRITZ TRUSTEE 0.00 X 0 0 0 KOUROSH GHASSEMIEH TRUSTEE 0.00 X 0 0 0 ADAM GOODMAN TRUSTEE 0.00 X 0 0 0 PHYLLIS GOTTLIEB TRUSTEE 0.00 X 0 0 0 WENDY J GREUEL TRUSTEE 0.00 X 0 0 0 KAYE POPOFSKY KRAMER TRUSTEE 0.00 X 0 0 0 ELIZABETH HIRSH NAFTALI ES' 76 TRUSTEE, PAST CHAIR 0.00 X 0 0 0 JEN LICHTMAN TRUSTEE 0.00 X 0 0 0 ROGER LOVE TRUSTEE 0.00 X 0 0 0 BARBARA MARSHALL TRUSTEE 0.00 X 0 0 0 LINDA MAZUR TRUSTEE 0.00 X 0 0 0 EDWARD PERRON TRUSTEE, PAST CHAIR 0.00 X 0 0 0 IRA PIANKO TRUSTEE 0.00 X 0 0 0 REY RODRIGUEZ TRUSTEE 0.00 X 0 0 0 WILLIAM SHERAK TRUSTEE 0.00 X 0 0 0 ANDREW B SUGERMAN TRUSTEE 0.00 X 0 0 0 BONNIE VITTI TRUSTEE 0.00 X 0 0 0 LAURA A WASSER TRUSTEE 0.00 X 0 0 0 JAMES A ASTMAN PHD HEADMASTER 40.00 X 559635 0 40656 CHRISTOPHER B THOMAS C.O.O. 40.00 X 245986 0 18872 KAREN BOHANAN DIRECTOR OF FINANCE 40.00 X 166241 0 26255 MARGO LONG PRINCIPAL (ELEM.) 40.00 X 194586 0 34594 WENDY WEICKER DIRECTOR OF SUPPORT SERVIC 40.00 X 141971 0 26318 ERIC LEE DIRECTOR OF INFORMATION SY 40.00 X 141912 0 12153 NANCY GOLDBERG DIRECTOR OF ADMISSION K-6 40.00 X 138553 0 42767 DAVID HAMMETT MATHEMATICS DEPARTMENT CHAIR 40.00 X 140162 0 20207 CRAIG SCHOOF DIRECTOR OF PHYSICAL EDUCATION 40.00 X 128963 0 17695 1858009 0 239517 40 0 1 0 0 730364 3259474 144571 3989838 TUITION & FEES 611600 30541822 30541822 30541822 899274 899274 143667 144571 -904 -904 -904 44850 730364 209675 -164825 -164825 AFTER SCHOOL PROGRAMS & PARENT DU 900099 256196 256196 INCIDENTAL NET RENTAL INCOME FROM 532000 169181 169181 OTHER REVENUE 900099 21965 21965 447342 35712547 30541822 0 1180887 3260889 3260889 1308999 204600 1104399 13937551 11904292 1326742 706517 727163 648570 55578 23015 2680379 2188783 347641 143955 1076001 885553 136399 54049 20792 20792 51500 51500 93655 93655 308396 293902 8575 5919 233515 18431 215084 110659 10536 100123 56625 56625 18698 18698 324821 324821 1917777 1793592 88050 36135 305125 290784 8483 5858 TRIPS & EXCURSIONS 898252 898252 SECURITY 813296 775071 22610 15615 EDUCATIONAL CLASSES 684527 684527 FACILITY EXPENSES 616975 587978 17151 11846 2995516 2182427 659319 153770 32441111 26609756 4459592 1371763 475 475 2839050 696457 1293641 884651 3327 16903 110000 25000 240 0 96642 156020 55677839 15040500 36686080 40637339 17628435 14502845 18251534 28572867 0 2277782 1527292 79187206 87019849 1392810 2289455 3025520 2726913 17414 11486 12238874 13916885 50000 50000 16724618 18994739 X 51638323 57843629 7927823 6569926 2896442 3611555 62462588 68025110 79187206 87019849 X 3271436 2958729 -667643 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 20323292 1326814 2722493 667991 0 65348 23639260 21198626 688598 -4704 596124 903384 59720 20323292 20568132 1179014 745957 510884 724109 59484 21198626 17184995 1097341 2791685 451766 54123 20568132 14294704 2094276 1891464 420430 585000 90019 17184995 0.76720 0.15280 0.08000 0 0 16609731 16609731 31753272 13766531 17986741 2418518 1207899 1210619 4896318 66070 4830248 40637339 INVESTMENT IN MULTI-STRATEGY EQUITY FUND AND FIXED INCOME 28572867 F 28572867 RESERVE FOR SELF INSURANCE 50000 50000 38671276 2958729 2958729 35712547 0 35712547 32441111 0 32441111 0 32441111 PART IV, LINE 2B: THIS IS A FUND HELD BY THE SCHOOL FOR THE CSSAD ADMISSIONS CONSORTIUM. DISBURSEMENTS FOR THE CONSORTIUM ARE TO BE MADE FROM THIS FUND, AND ANY REMAINDER LEFT AT THE END OF THE CUSTODIAL TERM WILL BE TURNED OVER TO THE NEXT CUSTODIAN. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLIC ADVERTISEMENTS ARE PLACED IN CITY WIDE NEWSPAPER MEDIA ON AN ANNUAL BASIS TRIBUTE BOOK, DONATIONS & DINNER 413378 368528 44850 160070 SILENT & LIVE, AUCTION & LIVE SOLIC 361836 361836 49605 775214 730364 44850 209675 209675 -164825 1 FINANCIAL AID 131 3243434 17455 RETAIL PRICE BOOKS AND CALCULATORS PART I, LINE 2: GRANTS RECEIVED BY THE SCHOOL ARE APPLIED TO THE BUDGET FOR SPECIFIED GRANT FUNDS AND CONTINUALLY MONITORED BY BUDGET TO ACTUAL REPORTING AND REQUIRED REPORTS BACK TO GRANTING FOUNDATION. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 JAMES A ASTMAN PHD HEADMASTER 474450 0 0 0 85185 0 24000 0 16656 0 600291 0 0 0 CHRISTOPHER B THOMAS C.O.O. 218668 0 0 0 27318 0 7844 0 11028 0 264858 0 0 0 KAREN BOHANAN DIRECTOR OF FINANCE 163963 0 0 0 2278 0 9825 0 16430 0 192496 0 0 0 MARGO LONG PRINCIPAL (ELEM.) 182250 0 0 0 12336 0 18300 0 16294 0 229180 0 0 0 WENDY WEICKER DIRECTOR OF SUPPORT SERVIC 138981 0 0 0 2990 0 9975 0 16343 0 168289 0 0 0 ERIC LEE DIRECTOR OF INFORMATION SY 141250 0 0 0 662 0 10668 0 1485 0 154065 0 0 0 NANCY GOLDBERG DIRECTOR OF ADMISSION K-6 133028 0 0 0 5525 0 13750 0 29017 0 181320 0 0 0 DAVID HAMMETT MATHEMATICS DEPARTMENT CHAIR 139271 0 0 0 891 0 12534 0 7673 0 160369 0 0 0 PART I, LINE 1A THE HEADMASTER IS PAID FOR THE USE OF HIS PERSONAL RESIDENCE FOR SCHOOL EVENTS AND MEETINGS. PART I, LINE 4B PERSON PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN UNDER IRC SEC. 457(B): JAMES ASTMAN AMOUNT OF DEFERRAL: 18,000. JAMES A ASTMAN PHD HEADMASTER HOME IMPROVEMENT X 240000 0 0 1 1 CHRISTOPHER B THOMAS CHIEF OPERATING OFFICER HOME IMPROVEMENT X 75000 25000 0 1 1 25000 MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 104647 COMPENSATION FOR WORK PERFORMED AS NURSE AND INSTRUCTOR 0 SCHEDULE L, PART II ON 09/16/2014, A $240,000 LOAN WAS MADE TO JAMES A. ASTMAN. ON JUNE 30, 2017, $60,000 OF PRINCIPAL, AND $1,086 OF INTEREST WERE FORGIVEN. THE $61,086 WHICH WAS FORGIVEN WAS INCLUDED ON JAMES A. ASTMAN'S 2017 FORM W-2 AS OTHER COMPENSATION AND INCLUDED IN SALARIES/WAGES. THIS ARRANGEMENT WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH ORGANIZATION'S BYLAWS. SCHEDULE L, PART II ON 06/10/2015, A $75,000 LOAN WAS MADE TO CHRISTOPHER B. THOMAS. ON JUNE 30, 2017, $25,000 OF PRINCIPAL, AND $850 OF INTEREST WERE FORGIVEN. THE $25,850 WHICH WAS FORGIVEN WAS INCLUDED ON CHRISTOPHER B. THOMAS'S 2017 FORM W-2 AS OTHER COMPENSATION AND INCLUDED IN SALARIES/WAGES. THIS ARRANGEMENT WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH ORGANIZATION'S BYLAWS. X 14 144571 FMV OF DONATED STOCKS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD'S AUDIT COMMITTEE MET AND REVIEWED THE FORM 990 PRIOR TO THE NEXT BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE BOARD OF TRUSTEES' MEETING, AFTER WHICH THE TAX RETURN WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE ORGANIZATION DISTRIBUTES ITS CONFLICT OF INTEREST POLICY TO THE TRUSTEES AND OFFICERS. THE TRUSTEES AND OFFICERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES VARIOUS METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S HEADMASTER AND C.O.O. THE METHODS INCLUDE REVIEW BY AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, ETC. ADDITIONALLY, THE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS FOR THE HEADMASTER'S COMPENSATION, AND BY THE HEADMASTER, THE BOARD CHAIR, AND THE CHAIR OF THE FINANCE COMMITTEE FOR THE COMPENSATION OF THE C.O.O. THIS PROCESS ORDINARILY OCCURS EVERY YEAR FOR THE C.O.O., AND WAS LAST UNDERTAKEN FOR THE 2016-2017 FISCAL YEAR. THE HEADMASTER'S CONTRACT HAS BEEN RENEWED THROUGH JUNE 30, 2017. THE BOARD IS CURRENTLY IN PROCESS OF EXTENDING THE HEADMASTER'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT OF $667,643, REDUCTION IN NET ASSETS, RESULTS FROM THE RECORDING OF ACCRUED VACATION AT 6/30/2016 THAT WAS NOT PREVIOUSLY RECORDED. FORM 990, PART III, LINE 1: IN SUMMARY, OAKWOOD SCHOOL'S STATEMENT OF PHILOSOPHY STATES THAT IT INTENDS AN OAKWOOD EDUCATION: 1. TO GUIDE STUDENTS TOWARD MASTERY IN THEIR ACADEMIC, ARTISTIC, AND ATHLETIC ENDEAVORS. 2. TO SPARK PASSION. 3. TO CULTIVATE DEPTH OF CHARACTER. 4. TO HELP STUDENTS GAIN SELF-KNOWLEDGE. 5. TO FOSTER A SENSE OF COMMUNITY. PART IV QUESTION 28(C) - BUSINESS TRANSACTIONS WITH A TRUSTEE/OFFICER: OAKWOOD SCHOOL HAD BUSINESS TRANSACTIONS WITH A TRUSTEE/OFFICER WHICH WERE UNDER THE THRESHOLD FOR REPORTING ON SCHEDULE L, PART IV. THEREFORE, PART IV QUESTION 28(C) IS BEING ANSWERED NO, AND THESE TRANSACTIONS ARE NOT BEING INCLUDED IN SCHEDULE L, PART IV. SCHEDULE J, PART II: COMPENSATION AMOUNTS AND BENEFITS REPORTED IN SCHEDULE J, PART II, INCLUDE FOLLOWINGS: (1) $60,000 OF LOAN BALANCE AND RELATED INTEREST OF $2,172 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30, 2016. THE TOTAL PRINCIPAL AND INTEREST OF $62,172 IS SHOWN ON JAMES ASTMAN'S 2016 FORM W-2 AS MISCELLANEOUS TAXABLE COMPENSATION AND IS INCLUDED IN WAGES. THIS ARRANGEMENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE SCHOOL'S BYLAWS. (2) $25,000 OF LOAN BALANCE AND RELATED INTEREST OF $1,488 WHICH WAS OWED BY CHRISTOPHER B. THOMAS TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30, 2016. THE TOTAL PRINCIPAL AND INTEREST OF $26,488 IS SHOWN ON CHRISTOPHER B. THOMAS'S 2016 FORM W-2 AS MISCELLANEOUS TAXABLE COMPENSATION AND IS INCLUDED IN WAGES. THIS ARRANGEMENT IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE SCHOOL'S BYLAWS. HARTSOOK HOLDINGS LLC 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 REAL ESTATE PROPERTIES HELD FOR FUTURE SCHOOL EXPANSION-TEMP. RENTED CA 141884 2578373 OAKWOOD SCHOOL