2016-05-16T12:47:32-05:00 2015-06-30 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 700 LOS ANGELES CA 900243783 990 2014-07-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 DOUGLAS E PHELPS HEAD OF SCHOOL 3108400500 2016-05-13 1 NAZANIN BENYAMINI P00666808 3104773924 2016-05-11 2014 2016-08-17 19:52:53Z DOUGLAS E PHELPS 3939 LANDMARK ST CULVER CITY CA 90232 7304053 0 X WWW.PARKCENTURYSCHOOL.ORG X 1968 CA TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 20 20 73 21 0 0 669421 778566 5611613 6365281 30396 30322 21520 76132 6332950 7250301 200000 300999 0 0 3840404 4514491 0 0 222163 1806163 2145568 5846567 6961058 486383 289243 26193345 25409477 16731548 15652148 9461797 9757329 TO EMPOWER BRIGHT CHILDREN WITH LEARNING DIFFERENCES TO REACH THEIR ACADEMIC AND PERSONAL POTENTIAL. 0 0 4342719 300999 6441413 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. 4342719 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 11 0 1 73 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 ANGELICA CASTRO - CHIEF FINANCIAL O 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 MICHAEL BRYANT MD TRUSTEE 1.00 X 0 0 0 SHEILA COHN TRUSTEE 1.00 X 0 0 0 LISA DOHERTY TRUSTEE 1.00 X 0 0 0 FLAXIE FLETCHER MD TRUSTEE 1.00 X 0 0 0 HILARY GARLAND TRUSTEE 1.00 X 0 0 0 ISLA P GARRAWAY MD TRUSTEE 1.00 X 0 0 0 TONY JAFFE TRUSTEE 1.00 X 0 0 0 PAUL JENNINGS TRUSTEE 1.00 X 0 0 0 CONNIE MICHAELS TRUSTEE 1.00 X 0 0 0 JEFFREY MIRKIN TRUSTEE 1.00 X 0 0 0 KENNETH H SALKIN TRUSTEE 1.00 X 0 0 0 SALLY SHAYWITZ MD TRUSTEE 1.00 X 0 0 0 PHYLLIS THOMAS TRUSTEE 1.00 X 0 0 0 STEVE THOMAS TRUSTEE 1.00 X 0 0 0 TRISH TORREY TRUSTEE 1.00 X 0 0 0 SALLY WEIL TRUSTEE 1.00 X 0 0 0 BESS ARMSTRONG FIEDLER VICE PRESIDENT 1.00 X X 0 0 0 HELEN HARTUNG SECRETARY 1.00 X X 0 0 0 JUSTIN HUNT PRESIDENT 1.00 X X 0 0 0 LOIS UNGAR TREASURER 1.00 X X 0 0 0 ANGELICA CASTRO CFO 40.00 X 133375 0 9495 DOUGLAS E PHELPS HEAD OF SCHOOL 40.00 X 239334 0 20575 NANCY BLEY UNTIL 0714 LOWER SCHOOL DEAN 40.00 X 160697 0 15885 PATRICIA DURANT UPPER SCHOOL DEAN 40.00 X 120815 0 12872 JUDITH FULLER ADMISSION DIRECTOR 40.00 X 113796 0 24322 JOHN HAY LOWER SCHOOL DEAN 40.00 X 102457 0 15924 JENNIFER PALMER DIRECTOR OF DEVELOPMENT 40.00 X 111308 0 10815 GAIL SPINDLER FORMER CO-DIRECTOR 0.00 X 109011 0 0 1090793 0 109888 8 1 1 0 0 56563 722003 54470 778566 TUITION AND FEES 611600 6365281 6365281 6365281 30322 30322 53752 56563 53752 0 OTHER INCOME 611710 76132 76132 76132 7250301 6441413 0 30322 300999 300999 445785 145440 300345 3131483 2472384 507373 151726 128049 101902 21141 5006 465353 360326 87604 17423 343821 240264 89563 13994 5597 5597 49754 49754 249864 75819 174045 301415 251899 49516 107042 83832 23210 440321 440321 570176 112151 458025 84080 29934 52402 1744 PROF. DEVELOPMENT 117172 100343 16829 BAD DEBT 101007 101007 REPAIRS AND MAINTENANCE 66138 52910 13228 FUNDRAISING 32270 32270 20732 14516 6216 6961058 4342719 2396176 222163 130697 -6366 7797294 7715653 512009 311490 700241 778652 28086 65226 19051235 4402896 15139222 14648339 1266903 1272675 618893 623808 26193345 25409477 980732 482687 2914352 2660256 12537796 12278292 298668 230913 16731548 15652148 X 8693148 9185270 581829 385239 186820 186820 9461797 9757329 26193345 25409477 X 289243 -8047 14336 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212154 212154 212154 212154 187154 25000 212154 182767 7500 1852 4965 187154 168425 20000 2715 8373 182767 0.00000 0.88060 0.11940 0 0 4050000 4050000 13654163 3185972 10468191 1089516 975484 114032 257556 241440 16116 14648339 TAX-DEFERRED COMPENSATION PLAN OBLIGATION - 457(B) 160156 CAPTAL LEASE OBLIGATION 70757 230913 X 7009343 -8047 68088 60041 6949302 300999 300999 7250301 6713811 53752 53752 6660059 300999 300999 6961058 PART V, LINE 4: FACULTY DEVELOPMENT AND FINANCIAL AID. PART X, LINE 2: 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. DURING THE YEAR ENDED JUNE 30, 2015, THE SCHOOL DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY THE TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL GAIN ON THE 457(B) PLAN 14,336. SPECIAL EVENTS 53,752. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 300,999. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 53,752. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 300,999. 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 110315 56563 53752 53752 110315 56563 53752 53752 53752 0 1 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS 11 300999 FMV PART I, LINE 2: SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON FINANCIAL NEEDS AS DETERMINED BY THE BOARD OF TRUSTEES' FINANCIAL AID COMMITTEES' 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 239334 0 0 0 0 0 4000 0 16575 0 259909 0 0 0 NANCY BLEY UNTIL 0714 LOWER SCHOOL DEAN 160697 0 0 0 0 0 4025 0 11860 0 176582 0 0 0 GAIL SPINDLER FORMER CO-DIRECTOR 109011 0 0 0 0 0 0 0 0 0 109011 0 18500 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 PART I, COLUMN (F): DESCRIPTION OF PURPOSE OF BOND TO REFUND OUSTANDING SERIES 2007 VARIABLE RATE BONDS AND FUND TERMINATION PAYMENT FOR 2007 INTEREST RATE SWAP. REBECCA CHERNOFF DAUGHTER OF FORMER BOARD MEMBER 59429 REBECCA CHERNOFF IS A SALARIED TEACHER AT THE SCHOOL AND THE DAUGHTER OF A FORMER BOARD MEMBER 0 X 1 54470 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 11 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 14,336.