2017-05-15T16:42:26-05:00 2016-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2015-07-01 950615438 ROESSLER-CHADWICK FOUNDATION ROES 3103771543 26800 S ACADEMY DRIVE PALOS VERDES PENINSULA CA 90274 JOHN KJENNER CFO 3103771543 2017-05-15 1 DONITA M JOSEPH P00286656 5624351191 2017-05-15 2015 2021-01-29 14:40:06Z CHADWICK SCHOOL & CHADWICK INTL FREDERICK T HILL 26800 S ACADEMY DRIVE PALOS VERDES PENINSULA CA 90274 66910373 0 X WWW.CHADWICKSCHOOL.ORG X 1935 CA TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. X 24 24 480 150 0 0 4595558 3344699 55146476 61789999 2166462 742990 176473 520442 62084969 66398130 3561552 3690738 0 0 36114372 40327816 0 0 932859 17228548 17995167 56904472 62013721 5180497 4384409 99036217 67269437 39435840 43496433 59600377 23773004 X CHADWICK SCHOOLS (K-12) DEVELOP GLOBAL CITIZENS WITH KEEN MINDS, EXEMPLARY CHARACTER, SELF-KNOWLEDGE AND THE ABILTIY TO LEAD. 0 0 24779185 3146942 22645643 CHADWICK SCHOOL, FOUNDED IN 1935, IS LOCATED IN PALOS VERDES PENINSULA, CA, SERVING APPROXIMATELY 829 STUDENTS EACH YEAR, K-12. THROUGH ACTIVE PARTICIPATION IN A DIVERSE SCHOOL COMMUNITY, STUDENTS PREPARE TO CONTRIBUTE MEANINGFULLY TO THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. TALENTED AND CARING FACULTY AND STAFF CULTIVATE IN EACH STUDENT THE JOY OF LEARNING, SELF-CONFIDENCE, WELL-BEING, AND THE INDIVIDUAL GIFTS THAT EACH POSSESSES. BY LIVING AND LEARNING IN AN ATMOSPHERE OF INTEGRITY AND TRUST, STUDENTS COME TO EXPECT THE BEST OF THEMSELVES AND OTHERS. OTHER PROGRAM SERVICES INCLUDE AN OUTDOOR EDUCATION PROGRAM THAT IS A MANDATORY PROGRAM FOR STUDENTS FROM GRADES 3 THROUGH 12. ITS PURPOSE IS TIED CLOSELY TO THE SCHOOL'S MISSION WHICH IS TO DEVELOP "SELF CONFIDENT INDIVIDUALS OF EXEMPLARY CHARACTER." 25057490 543796 33436485 CHADWICK INTERNATIONAL (CI), FOUNDED IN 2010, IS A PK-12 INTERNATIONAL SCHOOL FULLY EQUIPPED WITH AN EXCEPTIONAL 500,000 SQUARE FOOT, STATE-OF THE-ART FACILITY THAT HAS BEEN BUILT IN THE SONGDO INTERNATIONAL BUSINESS DISTRICT IN INCHEON, SOUTH KOREA. DURING THE SCHOOL YEAR ENDING JUNE 30, 2016, THE SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 1,083 IN GRADES PK-12. ADDING AN ADDITIONAL UPPER GRADE EACH YEAR, CI WILL SERVE ALL PK-12 GRADES BY THE 2015-16 SCHOOL YEAR. CHADWICK INTERNATIONAL ACHIEVES ITS EDUCATIONAL MISSION THROUGH HIGHLY EXPERIENCED AND DEDICATED FACULTY MEMBERS FROM AROUND THE WORLD. THE CURRICULUM AT CHADWICK INTERNATIONAL IS DESIGNED TO MEET THE EDUCATIONAL STANDARDS OF THE INTERNATIONAL BACCALAUREATE (IB) AS WELL AS THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES(WASC). CI MAINTAINS A TEACHER TO STUDENT RATIO OF 7:1. 600563 844830 SUMMER PROGRAMS ARE OFFERED EVERY YEAR FOR 5 WEEKS FROM JUNE TO JULY FOR KIDS AGES 4-14. PROGRAMS ARE OFFERED COVERING AREAS LIKE ACADEMIC ENRICHMENT, ARTISTIC INSPIRATION, ATHLETIC INSTRUCTION, AND A FUN DAYCAMP EXPERIENCE. ALSO OFFERS A BUS SERVICE. 1144926 1184709 AFTER SCHOOL ACTIVITIES (COMMUNITY PROGRAM, MUSICAL INSTRUMENT PROGRAM) 152447 155500 KOREAN DEGREE CERTIFICATION PROGRAM 174598 180992 CICP & CIPA PROGRAM. 29370 A DINING PROGRAM IS OFFERED TO STUDENTS FROM KINDERGARTEN THROUGH GRADE 12 THAT OFFERS A WIDE VARIETY OF HEALTHY, DELICIOUS AND CONVENIENT FOOD OPTIONS. THE DINING PROGRAM OFFERS BREAKFAST FOR THE OLDER STUDENTS AND LUNCH FOR ALL STUDENTS. THE DINING PROGRAM IS OUTSOURCED BY A THIRD PARTY PROVIDER. 1501341 1521201 51938579 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 1 0 0 1 147 0 1 480 1 0 1 KS 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN KJENNER 3103771543 26800 ACADEMY DR PALOS VERDES CA 90274 MARK WOODRUFF CHAIR 2.00 1.00 X X 0 0 0 NICK RICHARDSON VICE CHAIR 2.00 1.00 X X 0 0 0 LYNN HOPTON DAVIS TREASURER 2.00 1.00 X X 0 0 0 KEN BARONSKY SECRETARY 2.00 1.00 X X 0 0 0 CHRISTOPHER ADISHIAN TRUSTEE 2.00 1.00 X 0 0 0 CHRISTINE BUCKLIN TRUSTEE 2.00 1.00 X 0 0 0 LINDA CALHOUN TRUSTEE 2.00 1.00 X 0 0 0 DAVID CARTER TRUSTEE 2.00 1.00 X 0 0 0 JOE CHADWICK PERMANENT TRUSTEE 2.00 1.00 X 0 0 0 PHILIP C CHEN TRUSTEE 2.00 1.00 X 0 0 0 WILLIAM V DAVIDSON TRUSTEE EMERITUS 2.00 1.00 X 0 0 0 JOHN FUKUNAGA TRUSTEE 2.00 1.00 X 0 0 0 KURT R GIBBS TRUSTEE 2.00 1.00 X 0 0 0 TED HAILE TRUSTEE 2.00 1.00 X 0 0 0 PETER HUH TRUSTEE 2.00 1.00 X 0 0 0 CHRIS HUTCHISON TRUSTEE 2.00 1.00 X 0 0 0 LISA A PETRIE TRUSTEE 2.00 1.00 X 0 0 0 J ALLISON QUINLAN TRUSTEE 2.00 1.00 X 0 0 0 JENNIE NASH ROBERTSON TRUSTEE 2.00 1.00 X 0 0 0 ROBERT B ROESSLER TRUSTEE 2.00 1.00 X 0 0 0 LYNNE ROSENBERG TRUSTEE 2.00 1.00 X 0 0 0 WAYNE SONG TRUSTEE 2.00 1.00 X 0 0 0 GREGG TENSER TRUSTEE 2.00 1.00 X 0 0 0 CHARLES TOUPS TRUSTEE 2.00 1.00 X 0 0 0 FREDERICK T HILL HEADMASTER 40.00 1.00 X 432978 0 30968 JOHN KJENNER C.F.O. 40.00 1.00 X 213584 0 10653 WILLE MICHELLE LUKE HEAD OF SCHOOL 40.00 X 304277 0 90015 SUN HOO CHUNG CFO - KOREA 40.00 X 227993 0 31902 CRAIG WILLIAMSON ASSISTANT HEAD OF SCHOOL - KOREA 40.00 X 214945 0 30504 CONNIE KIM MIDDLE SCHOOL PRINCIPAL - KOREA 40.00 X 188590 0 96282 UN NA HUH EXTERNAL AFFAIRS DIR. - KOREA 40.00 X 243572 0 23571 CHUL PARK C.I.O. 40.00 X 226836 0 26848 JENNIFER WILLIS DIR. OF OUTDOOR EDUCATION 40.00 X 196177 0 113125 PAUL CHO MUSIC TEACHER 40.00 X 175988 0 117237 GEORGE GOSTOVICH COUNSELOR 40.00 X 171806 0 110963 BRUCE POCH DEAN OF ADMISSION & EXEC DIR COLLEGE COUNSELING 40.00 X 168378 0 0 2765124 0 682068 37 0 1 0 NEW SONGDO INTERNATIONAL DEVELOPMENT LL 25F COVENSIADAERO 165 YEONSUGU INCHEON INCHEON KS 21998 FACILITY MAINTENANCE, SECURITY, CLEANING 1571820 DAVIS WRIGHT TREMAINE LLP 201 3RD AVENUE SUITE 2200 SEATTLE WA 98101 LEGAL CONSULTING 174036 SAMJONG ACCOUNTING CORP 27F GANNAM FINANCE CENTER TEHERANR GANGNAMGU SEOUL KS 06236 ACCOUNTING SERVICES/TAX CONSULTING 140171 LIEBERT CASSIDY WHITMORE 6033 WEST CENTURY BOULEVARD SUITE LOS ANGELES CA 90045 LEGAL CONSULTING 138546 KC CONSTRUCTION 10651 PARLIAMENT AVENUE GARDEN GROVE CA 92840 CONSTRUCTION 107825 5 72501 3272198 180314 3344699 TUITION AND FEES 900099 59280070 59280070 AUXILIARY PROGRAMS 900099 2469421 2469421 YEARBOOK INCOME 900099 40508 40508 61789999 446302 446302 422196 306157 431665 0 -9469 306157 296688 296688 81371 72501 80578 793 793 MISCELLANEOUS 900099 519649 519649 519649 66398130 61789999 0 1263432 3146942 3146942 543796 543796 2151371 1036706 1114665 25379549 22918569 1961486 499494 1311806 1141610 146372 23824 10190364 9275227 850439 64698 1294726 1085953 170636 38137 650382 650382 258176 258176 12806 12806 579242 441210 113289 24743 476652 294629 159523 22500 1139199 602648 392153 144398 500347 228162 272185 4678144 3931143 747001 499413 128653 359738 11022 582991 379187 117802 86002 163021 77376 85645 805413 320637 484776 OPERATING EXPENSES/SUPP 1598872 1520747 70199 7926 EQUIPMENT, SUPPLIES, BO 1463929 1197006 266923 PLANT OPERATING/MAINTEN 1236450 884477 351973 OUTDOOR EDUCATION & FIE 763004 763004 2587126 2020897 556114 10115 62013721 51938579 9142283 932859 750 750 44432891 52948299 1281671 415718 413573 292079 13073 28448 1514975 1328080 4488700 3580993 18875659 907707 28351019 1859835 1452131 2700475 9488521 99036217 67269437 6509132 8372739 25747336 28396036 6100000 5800000 1079372 927658 39435840 43496433 X 49288108 21069115 9946001 2703889 366268 0 59600377 23773004 99036217 67269437 X 4384409 -427029 -39784753 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28927773 28927773 27098193 2110581 511558 792559 28927773 22813112 2680079 3067902 1462900 27098193 19154774 1622403 2654466 618531 22813112 18833735 1597117 -697960 578118 19154774 0 1 1 3975868 3068161 907707 512832 512832 0 907707 BOND ISSUE COST, NET 285623 CONTRIBUTION RECEIVABLE FROM CHARITABLE TRUST 120919 DEPOSIT 2049995 DUE FROM COMBINED BRANCHES 7031984 9488521 FORWARD CONTRACTS - INTERNATIONAL SCHOOL 94832 OTHER LIABILITIES 832826 927658 X 62267557 -427029 -3690738 -4117767 66385324 12806 12806 66398130 58310177 -3690738 -3690738 62000915 12806 12806 62013721 PART X, LINE 2: THE FOUNDATION IS A PUBLIC CHARITY STRUCTURED AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION IS EXEMPT FROM INCOME TAXES, DOMESTIC AND FOREIGN, RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,690,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -3,690,738. PART V, LINE 1D AND PART VI AS OF JULY 1, 2015, THE ROESSLER-CHADWICK FOUNDATION (THE FOUNDATION), PURSUANT TO A PLAN OF REORGANIZATION, TRANSFERRED CERTAIN REAL ESTATE AND PLANT ASSETS, ENDOWMENT ASSETS AND INTELLECTUAL PROPERTY TO THE ROESSLER-CHADWICK FOUNDATION GROUP (RCF GROUP), A 509(A)(3) TYPE II SUPPPORTING ORGANIZATION OF THE FOUNDATION. THE RCF GROUP WILL HOLD, MANAGE AND INVEST THE ASSETS TRANSFERRED BY THE FOUNDATION AND MAKE EXPENDITURES FOR THE BENEFIT OF THE FOUNDATION AND ITS STUDENTS, INCLUDING PROVIDING A SOURCE OF FUNDING FOR THE FOUNDATION'S SCHOLARSHIP PROGRAM AND ENGAGING IN RELATED MANAGERIAL FUNCTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER, BROCHURES, WEBSITE, AND BULLETINS 0 EAST ASIA AND THE PACIFIC - 1 205 EXPENSES FOR PRE-KINDERGARTEN THROUGH 12TH GRADE INTERNATIONAL SCHOOL OPERATION OF PRE-KINDERGARTEN THROUGH HIGH SCHOOL 32067396 EAST ASIA AND THE PACIFIC - 1 205 ASSETS FOR PRE-KINDERGARTEN THROUGH 12TH GRADE INTERNATIONAL SCHOOL OPERATION OF PRE-KINDERGARTEN THROUGH HIGH SCHOOL 27338691 2 410 0 0 2 410 59406087 0 59406087 TUITION REMISSIONS/SUBSIDIES EAST ASIA AND THE PACIFIC 43 543796 CASH PAYMENTS 0 0 0 0 0 0 0 PART I, LINE 3: ALL ACCOUNTING RECORDS ARE MAINTAINED BY THE BUSINESS OFFICE ON CAMPUS AT CHADWICK INTERNATIONAL. THE SCHOOL'S FINANCIALS ARE AUDITED ACCORDING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). CHADWICK SPRING GALA 138008 63158 74850 24236 2445 47376 PIZZA DAY 14012 7491 6521 6522 1 1852 1852 153872 72501 81371 24236 2445 53898 80579 792 1 FACULTY SCHOLARSHIPS 32 659579 FINANCIAL AID 113 2487363 PART I, LINE 2: STUDENTS WHO RECEIVE FINANCIAL AID HAVE AMOUNTS THAT ARE AWARDED TO THEM CREDITED TO THEIR TUITION ACCOUNTS REDUCING THE AMOUNT PAYABLE. THE FUNDS ARE NOT GIVEN DIRECTLY TO STUDENTS. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 FREDERICK T HILL HEADMASTER 262810 0 80000 0 90168 0 19711 0 11257 0 463946 0 0 0 JOHN KJENNER C.F.O. 212288 0 0 0 1296 0 10653 0 0 0 224237 0 0 0 WILLE MICHELLE LUKE HEAD OF SCHOOL 267656 0 0 0 36621 0 19410 0 70605 0 394292 0 0 0 SUN HOO CHUNG CFO - KOREA 191513 0 0 0 36480 0 18934 0 12968 0 259895 0 0 0 CRAIG WILLIAMSON ASSISTANT HEAD OF SCHOOL - KOREA 169894 0 8507 0 36544 0 18519 0 11985 0 245449 0 0 0 CONNIE KIM MIDDLE SCHOOL PRINCIPAL - KOREA 153544 0 12553 0 22493 0 17033 0 79249 0 284872 0 0 0 UN NA HUH EXTERNAL AFFAIRS DIR. - KOREA 165522 0 0 0 78050 0 16491 0 7080 0 267143 0 0 0 CHUL PARK C.I.O. 208357 0 0 0 18479 0 17941 0 8907 0 253684 0 0 0 JENNIFER WILLIS DIR. OF OUTDOOR EDUCATION 170649 0 0 0 25528 0 7690 0 105435 0 309302 0 0 0 PAUL CHO MUSIC TEACHER 139491 0 10282 0 26215 0 9308 0 107929 0 293225 0 0 0 GEORGE GOSTOVICH COUNSELOR 138506 0 8527 0 24773 0 8426 0 102537 0 282769 0 0 0 BRUCE POCH DEAN OF ADMISSION & EXEC DIR COLLEGE 154594 0 0 0 13784 0 0 0 0 0 168378 0 0 0 PART I, LINE 1A WHEN FACULTY/STAFF RELOCATE TO THE KOREA FACILITY THE SCHOOL PROVIDES AIRLINE TICKETS FOR THEIR DEPENDENTS. THE SCHOOL ALSO COVERS THE LOCAL TAXES FOR FACULTY/STAFF WORKING OVERSEAS. FREDERICK HILL RECEIVES AN ALLOWANCE FOR DISCRETIONARY SPENDING. THE SPENDING ALWAYS BENEFITS THE SCHOOL. FREDERICK HILL RECEIVES A HOUSING ALLOWANCE AS HE IS REQUIRED TO LIVE NEAR CAMPUS AS PART OF HIS JOB DUTIES. PART I, LINE 3 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE TOTAL COMPENSATION OF THE SCHOOL'S HEADMASTER. COMPENSATION IS ESTABLISHED THROUGH THE USE OF MARKET DATA PROVIDED BY THIRD PARTIES AND PUBLIC DISCLOSURES BY COMPARABLE SCHOOLS. COMPENSATION IS APPROVED BY THE BOARD. THE HEADMASTER REVIEWS AND APPROVES THE COMPENSATION FOR ALL KEY EMPLOYEES. COMPENSATION IS DETERMINED THROUGH THE USE OF MARKET DATA BY THIRD PARTIES AND PUBLIC DISCLOSURES BY COMPARABLE SCHOOLS. SCHEDULE J, PART II, COLUMN D CERTAIN U.S. BASED EMPLOYEES RECEIVE TUITION REMISSION FOR THEIR CHILD(REN) UNDER A GRANDFATHERED BENEFIT PROGRAM. ALL EMPLOYEES OF THE SOUTH KOREAN CAMPUS RECEIVE THIS BENEFIT. TUITION REMISSION, IF RECEIVED, IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). X 10 180314 AVG. OF HIGH AND LOW 0 1 1 PART I, COLUMN (B): REPRESENTS THE NUMBER OF PERSONS WHO CONTRIBUTED. PART I, LINE 32B: A BROKER IS USED TO RECEIVE AND SELL NON-CASH SECURITIES. CERTAIN REAL ESTATE AND PLANT ASSETS, ENDOWMENT ASSETS AND INTELLECTUAL PROPERTY 2015-07-01 39784752 BOOK VALUE 471272243 ROESSLER-CHADWICK FOUNDATION GROUP 26800 S ACADEMY DRIVE PALOS VERDES PENINSULA CA 90274 509(A)(3) TYPE II 1 0 0 0 PART II, LINE 2E: PERSON(S) INVOLVED: MARK WOODRUFF, NICK RICHARDSON, LYNN HOPTON DAVIS, KEN BARONSKY, CHRISTOPHER ADISHIAN, CHRISTINE BUCKLIN, LINDA CALHOUN, DAVID CARTER, JOE CHADWICK, PHILIP C. CHEN, WILLIAM V. DAVIDSON, JOHN FUKUNAGA, KURT R. GIBBS, TED HAILE, PETER HUH, CHRIS HUTCHISON, LISA A. PETRIE, J. ALLISON QUINLAN, JENNIE NASH ROBERTSON, ROBERT B. ROESSLER, LYNNE ROSENBERG, WAYNE SONG, GREGG TENSER, CHARLES TOUPS, FREDERICK T. HILL, JOHN KJENNER PART II, LINE 2E: EXPLANATION OF INVOLVEMENT: THE TRANSFEREE ORGANIZATION, ROESSLER-CHADWICK FOUNDATION GROUP, IS A 509(A)(3) TYPE II SUPPORTING ORGANIZATION AND PURSUANT TO ITS BYLAWS, A MAJORITY OF THE DIRECTORS MUST ALSO BE DIRECTORS OF THE TRANSFEROR ORGANIZATION, THE ROESSLER-CHADWICK FOUNDATION. MARK WOODRUFF IS THE CHAIR AND A DIRECTOR OF BOTH ORGANIZATIONS, NICK RICHARDSON IS AN OFFICER AND DIRECTOR OF BOTH ORGANIZATIONS AND THE REMAINING INDIVIDUALS LISTED ABOVE ARE DIRECTORS OF BOTH ORGANIZATIONS. SCHEDULE N, PART II, LINE 1 AS OF JULY 1, 2015, THE ROESSLER-CHADWICK FOUNDATION (THE FOUNDATION), PURSUANT TO A PLAN OF REORGANIZATION, TRANSFERRED CERTAIN REAL ESTATE AND PLANT ASSETS, ENDOWMENT ASSETS AND INTELLECTUAL PROPERTY TO THE ROESSLER-CHADWICK FOUNDATION GROUP (RCF GROUP). THE RCF GROUP IS A 509(A)(3) TYPE II SUPPPORTING ORGANIZATION OF THE FOUNDATION AND WILL HOLD, MANAGE AND INVEST THE ASSETS TRANSFERRED BY THE FOUNDATION AND MAKE EXPENDITURES FOR THE BENEFIT OF THE FOUNDATION AND ITS STUDENTS, INCLUDING PROVIDING A SOURCE OF FUNDING FOR THE FOUNDATION'S SCHOLARSHIP PROGRAM AND ENGAGING IN RELATED MANAGERIAL FUNCTIONS. BY SEPARATING THE MANAGEMENT OF THE TRANSFERRED REAL ESTATE AND INVESTMENTS, THE FOUNDATION WILL BE ABLE TO FOCUS IN GREATER PART ON THE OPERATIONS AND EDUCATIONAL MISSION OF EACH OF ITS SCHOOLS WHILE THE RCF GROUP WILL BE FOCUSED ON ASSET MANAGEMENT, FINANCIAL PLANNING AND OVERARCHING STRATEGIES FOR THE BENEFIT OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1 OUR BYLAWS STATE THAT "THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ANY AND ALL OF THE POWERS AND AUTHORITY OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE FULL BOARD OF TRUSTEES, EXCEPT THAT IT SHALL NOT HAVE THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS OR TAKE SUCH OTHER ACTION AS IS PROHIBITED OR NOT AUTHORIZED BY LAW." FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE IS PRESENTED A DRAFT OF THE FORM 990 FOR REVIEW. A COPY OF THE FINAL FORM 990 IS THEN GIVEN TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW TRUSTEE COMPLETES A "CONFLICT OF INTEREST" QUESTIONNAIRE AND THEN ANNUALLY EACH BOARD MEMBER COMPLETES THE "GOVERNANCE CONFLICT" QUESTIONNAIRE. UPON IDENTIFICATION OF A CONFLICT OF INTEREST, THE CHAIRMAN AND THE BOARD WILL BEST DETERMINE HOW TO PROCEED AND WHETHER RESIGNATION IS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE TOTAL COMPENSATION OF THE SCHOOL'S HEADMASTER. EACH YEAR, COMPETITIVE COMPENSATION GUIDELINES ARE ESTABLISHED THROUGH THE USE OF MARKET DATA PROVIDED BY THIRD PARTY SURVEYS AND PUBLIC DISCLOSURES BY RELEVANT COMPARABLE SCHOOLS. IN ALL CASES, THE PROCESS INCLUDES: USE OF COMPARABLES, APPROVAL BY EITHER THE BOARD OF TRUSTEES OR A DESIGNATED COMMITTEE THEREOF, AND CONTEMPORANEOUS DOCUMENTATION OF THE DECISION MAKING PROCESS. THE PROCESS DESCRIBED ABOVE IS APPLIED TO OTHER EXECUTIVE POSITIONS, INCLUDING THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF ADVANCEMENT, IN THE EVENT OF MATERIAL CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, THE DETERMINATION LETTER, THE CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC. A COPY OF THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: ASSET TRANSFER TO ROESSLER-CHADWICK FNDTN GROUP PURSUANT TO REORGANIZATION. -39,784,753. CHADWICK SCHOLARSHIP FOUNDATION 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 237149456 PROVIDE SOURCES TO PAY TUITION FOR NEEDY STUDENTS CA 501(C)(3) LINE 11A, I ROESSLER-CHADWICK FOUNDATION 1 ROESSLER-CHADWICK FOUNDATION GROUP 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 471272243 OPERATING AS A SUPPORTING ORGANIZATION TO THE ROESSLER-CHADWICK FOUNDATION CA 501(C)(3) LINE 11A, I ROESSLER-CHADWICK FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 ROESSLER-CHADWICK FOUNDATION GROUP C 967552 ENDOWMENT APPROPRIATIONS CHADWICK SCHOLARSHIP FOUNDATION C 20835 SCHOLARSHIPS