2017-04-24T11:05:43-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2015-07-01 952701337 WINDWARD SCHOOL WIND 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 THOMAS GILDER HEAD OF SCHOOL/BOARD SECRETARY 3103917127 2017-04-19 1 BARED DILACAR P00157338 6267933600 2017-04-13 2015 2021-01-29 14:40:06Z THOMAS GILDER 11350 PALMS BLVD LOS ANGELES CA 90066 31099014 0 X WWW.WINDWARDSCHOOL.ORG X 1971 CA WINDWARD IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL FOR GRADES 7 TO 12. 22 21 270 154 0 0 3654872 3750857 21547552 25006566 -144821 68193 2650192 707218 27707795 29532834 2179557 2181036 0 0 15321055 16661194 0 0 1125357 9007816 10803149 26508428 29645379 1199367 -112545 66423570 65875676 35055496 35326407 31368074 30549269 X WINDWARD SCHOOL IS A DYNAMIC COLLEGE-PREPARATORY SCHOOL THAT CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE IN A NURTURING, INCLUSIVE COMMUNITY. WINDWARD TEACHERS, PARENTS, AND ADMINISTRATORS WORK TOGETHER TO INSPIRE OUR STUDENTS TO BE RESPONSIBLE, CARING, WELL INFORMED, ETHICAL, PREPARED, AND WELL BALANCED YOUNG ADULTS. 0 0 25658993 2181036 23784736 THE SCHOOL PROVIDES A VARIED AND CHALLENGING ACADEMIC PROGRAM, A WIDE RANGE OF OPPORTUNITIES FOR STUDENTS TO PARTICIPATE IN ATHLETICS, THE ARTS, AND COMMUNITY SERVICE, AND A DIVERSE STUDENT BODY. CLASSES AVERAGE 16 STUDENTS, AND THE STUDENT-FACULTY RATIO IS APPROXIMATELY 8:1.THE SCHOOL PROVIDES EXCELLENT PROGRAMS IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGE, HISTORY, SCIENCE, AND THE VISUAL AND PERFORMING ARTS. THE CURRICULUM OFFERS STUDENTS A CHOICE OF MORE THAN 100 DIFFERENT COURSES. A HIGH PERCENTAGE OF WINDWARD STUDENTS UNDERTAKE ADVANCED PLACEMENT COURSEWORK. ALL WINDWARD STUDENTS ARE REQUIRED TO FULFILL A FORTY-HOUR COMMITMENT OF PUBLIC SERVICE BEFORE GRADUATION.CO-CURRICULAR ACTIVITIES FIGURE PROMINENTLY IN THE WINDWARD EXPERIENCE. FROM ATHLETICS TO STUDENT COUNCIL TO THE PERFORMING ARTS, NEARLY EVERY WINDWARD STUDENT PARTAKES IN OFFERINGS OUTSIDE OF THE CLASSROOM. STUDENTS HAVE THE OPTION OF PARTICIPATING IN A VARIETY OF CLUBS, DANCES, SKI TRIPS AND SPORTING EVENTS THROUGH WHICH THEY DEVELOP STRONG FRIENDSHIPS. THESE ACTIVITIES, COUPLED WITH THE SCHOOL'S ACADEMICALLY RIGOROUS CURRICULUM, HELP TO DEVELOP THE WIDEST RANGE OF STUDENTS' ABILITIES AND INTEREST. 25658993 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 103 0 270 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X PETER CHRISTIAN 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 ELLIOT GORDON PRESIDENT 1.00 X X 0 0 0 BENNETT ROSENTHAL CFO/TREASURER 1.00 X X 0 0 0 BRYAN EZRALOW VICE CHAIR 1.00 X X 0 0 0 ALLISON MIRKIN VICE CHAIR 1.00 X X 0 0 0 TONY RUBIN VICE CHAIR 1.00 X X 0 0 0 NEIL WERTLIEB VICE CHAIR 1.00 X X 0 0 0 PAMELA MASS PARENT GUILD REPRESENTATIVE 1.00 X 0 0 0 PATRICIA DUNCAN BOARD MEMBER 1.00 X 0 0 0 BRUCE ESKOVITZ BOARD MEMBER / TEACHER 40.00 X 122091 0 15412 TED FIKRE BOARD MEMBER 1.00 X 0 0 0 NANCY GLASER BOARD MEMBER 1.00 X 0 0 0 JANE GUTMAN BOARD MEMBER 1.00 X 0 0 0 DAN GINSBERG BOARD MEMBER 1.00 X 0 0 0 EMILY KOVNER MOSS BOARD MEMBER 1.00 X 0 0 0 NORA MALONE BOARD MEMBER 1.00 X 0 0 0 BILL MCMORROW BOARD MEMBER 1.00 X 0 0 0 MICHAEL PARKS BOARD MEMBER 1.00 X 0 0 0 RANDYE SOREF BOARD MEMBER 1.00 X 0 0 0 MARVIN SUOMI BOARD MEMBER 1.00 X 0 0 0 KAROL WATSON BOARD MEMBER 1.00 X 0 0 0 PERRIE WEINER BOARD MEMBER 1.00 X 0 0 0 DEBBIE MARKILES BOARD MEMBER 1.00 X 0 0 0 THOMAS GILDER HEAD OF SCHOOL/SECRETARY 40.00 X 366782 0 285387 STEVEN W KIERMAN DIRECTOR OF FINANCE 40.00 X 249487 0 20725 MARGARET PROCTER DIRECTOR OF THE UPPER SCHO 40.00 X 167697 0 19623 ERIC MANDEL DIRECTOR OF THE LOWER SCHO 40.00 X 161462 0 14376 RAYMOND FRIEND DEAN OF FACULTY 40.00 X 155975 0 17397 DAWN BARRETT DIRECTOR OF INSTITUTIONAL ADVANCEMENT & OPERATIONS 40.00 X 175505 0 12427 PETER CHRISTIAN DIRECTOR OF HUMAN RESOURCES 40.00 X 148075 0 7407 1547074 0 392754 31 0 1 0 ALPHA BUILDING MAINTENANCE 11511 BARMAN AVENUE CULVER CITY CA 90230 FACILITY SERVICES 539461 1 18872 3731985 308637 3750857 TUITION & FEES 611710 22723757 22723757 FOOD SERVICE 722210 865926 865926 PROGRAM/TRIP FEES 611710 711245 711245 TRANSPORTATION 480000 294912 294912 SUMMER CAMP FEES 611710 278784 278784 131942 3773 128169 25006566 185998 185998 267636 267636 311647 261143 50504 50504 50504 1100000 2000 1219805 0 -119805 2000 -117805 -117805 330169 18872 85232 244937 244937 TICKET SALES 611710 67177 67177 OTHER INCOME 611710 33235 33235 PARKING SPACES 812930 21000 21000 22729 22729 144141 29532834 23784736 0 1997241 2181036 2181036 1055610 561263 430455 63892 12294883 10713477 945819 635587 579009 496468 47929 34612 1796840 1296043 410641 90156 934852 794442 93839 46571 89255 30622 58633 61244 61244 28665 28665 398161 344351 36313 17497 1010253 790801 194588 24864 191538 145904 44305 1329 5080 5080 1933884 1643801 232066 58017 1220454 1195455 14936 10063 338065 318810 16019 3236 840522 803791 36731 1709962 1709962 282456 254802 18436 9218 INSTRUCTIONAL 2172094 1930672 155386 86036 EVENTS 521516 442213 35024 44279 29645379 25658993 2861029 1125357 8488646 8055715 2011124 519637 1585694 1416169 214000 213000 381067 602078 59352326 20260223 37251090 39092103 12556682 11252051 3743108 4533210 192159 191713 66423570 65875676 2054139 2593898 12234801 12453732 20690894 20227867 75662 50910 35055496 35326407 X 27761412 26778932 3056551 3220226 550111 550111 31368074 30549269 66423570 65875676 -112545 -706261 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 727673 0 -29506 3198 694969 685882 38432 6158 2799 727673 505106 100000 82634 1858 685882 488157 3000 14914 965 505106 121407 365179 1571 488157 0.00000 0.79160 0.20840 0 0 1786617 1786617 8166547 5795267 2371280 39102619 8019387 31083232 9859914 6445569 3414345 436629 436629 39092103 HEDGE FUND 4533210 F 4533210 X 26991912 -706261 -2181036 -2887297 29879209 -346375 -346375 29532834 27810717 346375 346375 27464342 2181036 2181036 29645378 PART IV, LINE 2B: CUSTODIAL ACCOUNTS INCLUDE STUDENT STORE AND STUDENT SUMMER ACTIVITY ACCOUNTS. PART V, LINE 4: THE SCHOOL MAINTAINS ITS ENDOWMENT FUNDS TO BE USED TO PROVIDE FINANCIAL AID TO STUDENTS AND OTHER EDUCATION RELATED PURPOSES. PART X, LINE 2: THE SCHOOL IS A NONPROFIT CORPORATION DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXATION UNDER 23701(D) OF THE CALIFORNIA REVENUE AND 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. THE 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 -2,181,036. PART XI, LINE 4B - OTHER ADJUSTMENTS: DINNER & AUCTION EXPENSES -85,232. RENTAL EXPENSE -261,143. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 261,143. DINNER & AUCTION EXPENSES 85,232. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,181,036. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WINDWARD SCHOOL EXTENDS TO ALL REGARDLESS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY AFFORDED OR MADE AVAILABLE TO STUDENTS OF THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTRATIVE PROGRAMS. WINDWARD SCHOOL ADVERTISES ITS RACIALLY NON-DISCRIMINATORY POLICY THROUGH NEWSPAPERS, MAGAZINES, MANUALS, OPEN HOUSES TO WHICH THE PUBLIC IS INVITED, AND APPEARANCES AT PUBLIC HIGH SCHOOLS. A FINANCIAL AID PROGRAM IS OFFERED TO NEEDY STUDENTS. WINDWARD IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA INDEPENDENT SCHOOLS; BOTH ASSOCIATIONS ARE NON-DISCRIMINATORY. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT N/A 4533210 0 0 0 0 0 0 4533210 0 4533210 0 0 0 1 0 0 SPRING EVENT DINNER 349041 18872 330169 72750 12482 349041 18872 330169 72750 12482 85232 244937 1 FINANCIAL AID 75 2181036 N/A N/A PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL & STUDENT SERVICES OF NAIS ("SSS"). THE FORM IS THEN SUBMITTED TO SSS AND SSS THEN MAKES A RECOMMENDATION TO THE SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. FINANCIAL AID AT THE SCHOOL IS AWARDED BASED ON A FAMILY'S DEMONSTRATED FINANCIAL NEED. A STUDENT SHOULD NEVER BE AWARDED AID IN EXCESS OF HIS/HER NEED, AS ASSESSED BY THE FINANCIAL AID COMMITTEE AFTER UTILIZING ALL AVAILABLE INFORMATION. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 THOMAS GILDER HEAD OF SCHOOL/SECRETARY 366782 0 0 0 0 0 250421 0 34966 0 652169 0 0 0 STEVEN W KIERMAN DIRECTOR OF FINANCE 249487 0 0 0 0 0 15000 0 5725 0 270212 0 0 0 MARGARET PROCTER DIRECTOR OF THE UPPER SCHO 167697 0 0 0 0 0 9757 0 9866 0 187320 0 0 0 ERIC MANDEL DIRECTOR OF THE LOWER SCHO 161462 0 0 0 0 0 9606 0 4770 0 175838 0 0 0 RAYMOND FRIEND DEAN OF FACULTY 155975 0 0 0 0 0 9000 0 8397 0 173372 0 0 0 DAWN BARRETT DIRECTOR OF INSTITUTIONAL ADVANCEMEN 175505 0 0 0 0 0 6750 0 5677 0 187932 0 0 0 PETER CHRISTIAN DIRECTOR OF HUMAN RESOURCES 148075 0 0 0 0 0 4800 0 2607 0 155482 0 0 0 PART I, LINE 1A A TAXABLE, HOUSING ALLOWANCE IS INCLUDED IN THE COMPENSATION CONTRACT. A PAID AIR-TICKET IS PROVIDED FOR SPOUSE TO ATTEND CONFERENCES WITH THE HEAD OF SCHOOL. PART I, LINE 4B THOMAS GILDER, HEAD OF SCHOOL, PARTICIPATES IN THE SCHOOL'S 457(F) AND 403(B) PLANS. THE TOTAL CONTRIBUTIONS FOR THE YEAR WERE $250,421. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-11-08 24875000 CAPITAL EXPANSION AND REFUNDING OF 2007 BOND ISSUE OF $19,550,000 0 0 0 A 1120133 21348000 113783 21234217 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 A 1 FORM 990 SCHEDULE K PART 1 IN NOVEMBER 2012, THE SCHOOL ENTERED INTO A TAX-EXEMPT LOAN AGREEMENT WITH FIRST REPUBLIC BANK. UNDER THE TERMS OF THE AGREEMENT, THE SCHOOL MAY BORROW UP TO $25,000,000 TO BE APPLIED TOWARDS A CLOSING ADVANCE OF $21,473,000 AND PERIODIC ADVANCE OF $3,527,000, SECURED BY CERTAIN SCHOOL ASSETS, AS DEFINED, AND SUBJECT TO LOAN COVENANTS, AS DEFINED. ACCORDINGLY, THE SCHOOL USED THE CLOSING ADVANCE OF $21,473,000 TO REDEEM THE 2007 BONDS IN THE TOTAL PRINCIPAL AMOUNT OF $19,550,000, TO PAY THE PRIOR SWAP PROVIDER FOR THE EARLY TERMINATION OF AN INTEREST RATE SWAP RELATING TO THE 2007 BONDS IN THE AMOUNT OF $1,680,237, AND TO PAY COSTS OF ISSUANCE RELATING TO THE 2012 TAX EXEMPT LOAN FINANCING. X 22 308637 FMV 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1 THERE SHALL BE ESTABLISHED AND MAINTAINED AN EXECUTIVE COMMITTEE WHICH SHALL BE RESPONSIBLE FOR ADVISING THE BOARD CHAIR AND THE HEAD OF SCHOOL, EVALUATING THE PERFORMANCE AND SETTING THE COMPENSATION OF THE HEAD OF SCHOOL, MONITORING THE PROGRESS OF THE BOARD AND THE STRATEGIC PLAN, AND MAKING DECISIONS DELEGATED TO IT BY THE BOARD BETWEEN BOARD MEETINGS. THE COMMITTEE SHALL CONSIST OF THE CURRENT OFFICERS OF THE BOARD WITH THE HEAD OF SCHOOL SERVING AS AN EX-OFFICIO MEMBER. THE COMMITTEE SHALL MEET NOT LESS FREQUENTLY THAN THREE TIMES DURING THE SCHOOL YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION SUPPLIES A COPY OF THE FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE REST OF THE MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE PUBLIC RECORD FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S BOARD OF TRUSTEES HAS ADOPTED A CONFLICT OF INTEREST POLICY TO ENSURE THAT BOARD ACTIONS ARE ADOPTED FREE FROM ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST. TRUSTEES ARE EXPECTED TO USE COMMON SENSE AND GOOD JUDGMENT IN THE EXERCISE OF THEIR DUTIES. WHILE THIS LIST IS NOT EXHAUSTIVE, THE FOLLOWING ARE COMMON EXAMPLES THAT COULD GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OF INTEREST. A. A TRUSTEE OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY IS RELATED TO ANY SCHOOL EMPLOYEE OR RELATIVE OF AN EMPLOYEE BY BLOOD, MARRIAGE OR DOMESTIC PARTNERSHIP WHICH EMPLOYEE OR RELATIVE COULD BE IMPACTED BY A MATTER TO BE CONSIDERED BY THE BOARD. B. A TRUSTEE, OR ANY ENTITY BY WHICH THE TRUSTEE (OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY) IS EMPLOYED OR IN WHICH THE TRUSTEE HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, STANDS TO BENEFIT FROM A SCHOOL TRANSACTION, INCLUDING WITHOUT LIMITATION RECEIVING PAYMENT FROM THE SCHOOL FOR ANY CONTRACT, GOOD, OR SERVICE, OTHER THAN IN REIMBURSEMENT FOR REASONABLE EXPENSES INCURRED ON BEHALF OF THE SCHOOL. C. A TRUSTEE, OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY, HAS A REAL PROPERTY INTEREST THAT COULD BE IMPACTED (EITHER POSITIVELY OR NEGATIVELY) BY THE SCHOOL'S OPERATIONS. FOLLOWING DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD CHAIR SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS, AND, IF SO, THE CHAIR SHALL REFER THE MATTER TO THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. THE CHAIR OF THE BOARD SHALL DISCLOSE HIS OR HER OWN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE REMAINDER OF THE EXECUTIVE COMMITTEE, WHO SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND, IF SO, REFER THE MATTER TO THE EXECUTIVE COMMITTEE, WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. EACH TRUSTEE MUST SIGN AND DATE THIS POLICY ANNUALLY, AT OR BEFORE THE FIRST FALL BOARD MEETING. IN ADDITION, KEY EMPLOYEES PARTICIPATE IN AN ANNUAL CONFLICT OF INTEREST SIGN-OFF. A TRUSTEE WHO IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST IS NOT ALLOWED TO VOTE ON ANY MATTERS RELATED WITH THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL USES THE BENCHMARKING TOOL PROVIDED BY NAIS TO COMPARE AND EVALUATE THE COMPENSATION PACKAGES OF SIMILAR POSITIONS IN THE AREA. IN ADDITION, THE SCHOOL HIRES AN INDEPENDENT CONSULTANT THAT EVALUATES THE COMPENSATION PACKAGES OF SEVERAL HEADS OF SCHOOL IN THE AREA. THE EXECUTIVE COMMITTEE REVIEWS BOTH REPORTS, EVALUATES THE RESULTS AND SETS THE NEW COMPENSATION FOR THE HEAD OF SCHOOL. HEAD OF SCHOOL COMPENSATION WAS REVIEWED IN THE 2014 SCHOOL YEAR BY THE EXECUTIVE COMMITTEE. THE HEAD OF SCHOOL REVIEWS, EVALUATES AND DECIDES THE COMPENSATION PACKAGES OF THE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION WITHOUT CHARGE DURING REGULAR BUSINESS HOURS AT THE BUSINESS OFFICE.