2017-05-11T13:48:36-05:00 2016-06-30 954610626 KALLMANTHOMPSONLOGAN LLP 125 S BARRINGTON PLACE LOS ANGELES CA 90049 990 2015-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 CHRISTOPHER B THOMAS CHIEF OPERATING OFFICER 8187323070 2017-05-10 1 STANLEY F SHIMOHARA CPA P00198926 3109091900 2017-05-02 2015 2021-01-29 14:40:06Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 39326091 0 X WWW.OAKWOODSCHOOL.ORG X 1951 CA 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 26 371 150 0 0 3826418 7033375 27990865 29707904 900301 896400 330818 318173 33048402 37955852 2745192 3065713 0 0 18048049 18606633 0 0 8796 9765371 9960985 30558612 31633331 2489790 6322521 74623794 79187206 17898794 16724618 56725000 62462588 IN LIEU OF A MISSION STATEMENT, OAKWOOD SCHOOL HAS ADOPTED A STATEMENT OF PHILOSOPHY. SEE SCHEDULE O FOR DETAILS. 0 0 21203417 3065713 29707904 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. 21203417 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 98 0 1 371 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 8187323052 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 MARTA F KAUFFMAN TRUSTEE, CHAIR 0.00 X 0 0 0 MICHAEL MARSHALL 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 ELIZABETH HIRSH NAFTALI ES' 76 TRUSTEE, PAST CHAIR 0.00 X 0 0 0 PAMELA SKAIST LEVY TRUSTEE 0.00 X 0 0 0 JEN LICHTMAN TRUSTEE 0.00 X 0 0 0 ROGER LOVE TRUSTEE 0.00 X 0 0 0 JEFFREY MARKOWITZ' 82 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 DAVID SIMON 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 DANIEL WEISS TRUSTEE 0.00 X 0 0 0 JAMES A ASTMAN PHD HEADMASTER 40.00 X 2954008 0 39263 CHRISTOPHER B THOMAS C.O.O. 40.00 X 154092 0 10808 ELLIOT H SPOKANE CONTROLLER 40.00 X 234062 0 38798 DAVID FRANKENBERG PRINCIPAL (HIGH.) 40.00 X 151231 0 20126 MARGO LONG PRINCIPAL (ELEM.) 40.00 X 188336 0 32718 WENDY WEICKER DIRECTOR OF SUPPORT SERVICES 40.00 X 137628 0 24567 ERIC LEE DIRECTOR OF INFORMATION SYSTEMS 40.00 X 137639 0 11467 NANCY GOLDBERG DIRECTOR OF ADMISSION K-6 40.00 X 135267 0 40440 4092263 0 218187 35 0 1 0 0 650150 6383225 1155638 7033375 TUITION & FEES 611600 29707904 29707904 29707904 895911 895911 1156127 1155638 489 489 489 50400 650150 214601 -164201 -164201 AFTER SCHOOL PROGRAMS & PARENT DU 900099 285356 285356 INCIDENTAL NET RENTAL INCOME FROM 532000 174500 174500 OTHER REVENUE 900099 22518 22518 482374 37955852 29707904 0 1214573 3065713 3065713 847660 847660 13627977 11870074 1757903 759421 643138 116283 2340924 1962902 378022 1030651 874604 156047 28153 28153 40000 40000 84387 84387 241111 241111 171531 171531 67390 7829 59561 75875 75875 17902 17902 488393 488393 1751507 1751507 305575 305575 FACILITY EXPENSES 1491524 1491524 TRIPS & EXCURSIONS 856838 856838 EDUCATIONAL CLASSES 615159 615159 SECURITY 613476 613476 3112164 1307160 1796208 8796 31633331 21203417 10421118 8796 475 475 3563166 2839050 727040 1293641 5203 3327 195000 110000 480 240 18004 96642 50222870 13536790 33724500 36686080 17628435 31923925 18251534 0 4466001 2277782 74623794 79187206 1310991 1392810 3056368 3025520 0 17414 13481435 12238874 50000 50000 17898794 16724618 X 50949790 51638323 3317418 7927823 2457792 2896442 56725000 62462588 74623794 79187206 6322521 -584933 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 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 14972571 1065669 107749 371747 1410417 69121 14294704 0.78190 0.14250 0.07560 0 0 16521871 16521871 31496058 12527078 18968980 2186891 1009712 1177179 18050 18050 36686080 INVESTMENT IN MULTI-STRATEGY EQUITY FUND AND FIXED INCOME 18251534 F 18251534 RESERVE FOR SELF INSURANCE 50000 50000 37370919 -584933 -584933 37955852 0 37955852 31633331 0 31633331 0 31633331 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 367873 317473 50400 214601 SILENT & LIVE, AUCTION & LIVE SOLIC 332677 332677 0 700550 650150 50400 214601 214601 -164201 1 FINANCIAL AID 122 3060128 5585 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 454450 0 0 0 2499558 0 24000 0 15263 0 2993271 0 1060000 0 CHRISTOPHER B THOMAS C.O.O. 154092 0 0 0 0 0 0 0 10808 0 164900 0 0 0 ELLIOT H SPOKANE CONTROLLER 234062 0 0 0 0 0 21865 0 16933 0 272860 0 0 0 DAVID FRANKENBERG PRINCIPAL (HIGH.) 151231 0 0 0 0 0 9760 0 10366 0 171357 0 0 0 MARGO LONG PRINCIPAL (ELEM.) 188336 0 0 0 0 0 17700 0 15018 0 221054 0 0 0 WENDY WEICKER DIRECTOR OF SUPPORT SERVICES 137628 0 0 0 0 0 9642 0 14925 0 162195 0 0 0 NANCY GOLDBERG DIRECTOR OF ADMISSION K-6 135267 0 0 0 0 0 13350 0 27090 0 175707 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 60000 0 1 1 CHRIS B THOMAS C.O.O. HOME IMPROVEMENT X 75000 50000 0 1 1 110000 MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 101541 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, 2016, $60,000 OF PRINCIPAL, AND $2,172 OF INTEREST WERE FORGIVEN. THE $62,172 WHICH WAS FORGIVEN WAS INCLUDED ON JAMES A. ASTMAN'S 2016 FORM W-2 AS OTHER INCOME 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, 2016, $25,000 OF PRINCIPAL, AND $1,488 OF INTEREST WERE FORGIVEN. THE $26,488 WHICH WAS FORGIVEN WAS INCLUDED ON CHRISTOPHER B. THOMAS'S 2016 FORM W-2 AS OTHER INCOME 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 12 1155638 FMV OF DONATED STOCKS 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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. 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 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 A WIDE VARIETY OF SCHOLASTIC, 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: OTHER REPORTABLE COMPENSATION SHOWN ON SCHEDULE J, PART II, COLUMN (B)(III), LINE 1 INCLUDES DEFERRED COMPENSATION PAYMENT OF $2,415,017, LOAN AND INTEREST FORGIVENESS OF $62,444, AND GROUP TERM LIFE INSURANCE OF $22,098. IN 1993, THE SCHOOL ESTABLISHED A DEFERRED COMPENSATION PLAN FOR MR. ASTMAN. A PORTION OF MR. ASTMAN'S COMPENSATION WAS DEFERRED FROM 1993 THROUGH THE PLAN'S TERMINATION IN 2013. THE PLAN REQUIRED THAT BENEFITS BE DISTRIBUTED IN A LUMP SUM BETWEEN 12 TO 24 MONTHS OF THE PLAN TERMINATION. THE DEFERRED COMPENSATION PAYMENT REPRESENTS THE TOTAL AMOUNT OF A DEFERRED COMPENSATION ACCOUNT THAT WAS LIQUIDATED AND PAID TO JAMES ASTMAN IN 2015. THE TOTAL DEFERRED COMPENSATION PAYMENT IS COMPRISED OF AMOUNTS CONTRIBUTED FROM 1993 THROUGH 2013 TOTALING $1,060,000 PLUS INVESTMENT EARNINGS OF $1,205,017, AND AN ADJUSTMENT FOR LOST EARNINGS OF $150,000. COMPENSATION AMOUNTS AND BENEFITS REPORTED IN SCHEDULE J, PART II, INCLUDE A LOAN IN THE AMOUNT OF $60,000 AND RELATED INTEREST OF $2,444 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL AND WAS FORGIVEN ON JUNE 30, 2015. THIS $60,000 IS SHOWN ON JAMES ASTMAN'S 2015 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 148902 2607339 OAKWOOD SCHOOL