2016-06-07T21:13:43-05:00 2015-08-31 410746749 CLIFTONLARSONALLEN LLP 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2014-09-01 953512203 CARLTHORP SCHOOL CARL 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY F MENZIES HEAD OF SCHOOL 3104511332 2016-05-18 1 ALAN HARRISON P00157337 6267933600 2016-05-18 2014 2016-08-17 19:52:53Z DOROTHY F MENZIES 438 SAN VICENTE BLVD SANTA MONICA CA 90402 9291727 0 X WWW.CARLTHORP.ORG X 1939 CA INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. 15 14 83 110 0 0 1383830 1427852 7030875 7189858 1091801 355746 185722 -49452 9692228 8924004 509032 520260 0 0 6396494 6411890 0 0 375608 1715719 1799273 8621245 8731423 1070983 192581 34213552 34073580 5678805 5975819 28534747 28097761 X CARLTHORP SCHOOL IS AN INDEPENDENT, NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. CARLTHORP SCHOOL PROVIDES A STRONG ACADEMIC FOUNDATION IN A DIVERSE AND NURTURING SCHOOL COMMUNITY THAT EMPHASIZES TRADITIONAL VALUES, DISCIPLINED WORK HABITS, AND EXCELLENCE IN ORDER TO PREPARE OUR STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL IN EDUCATION AND LIFE.CARLTHORP SCHOOL, ESTABLISHED IN 1939, IS THE OLDEST INDEPENDENT SCHOOL IN SANTA MONICA. THOUGH THE BREADTH OF OUR CURRICULUM HAS RADICALLY EXPANDED IN THE LAST 75 YEARS, OUR BASIC PHILOSOPHY REMAINS THE SAME. WE FOCUS ON THE CHILD AS A WHOLE, HELPING HIM OR HER TO GROW ACADEMICALLY, SOCIALLY, AND ETHICALLY - ALL WITHIN THE FRAMEWORK OF A TRADITIONALLY ACADEMIC SCHOOL. THE SCHOOL'S TRADITIONAL APPROACH TO EDUCATION, COUPLED WITH POSITIVE REINFORCEMENT IN A CARING WHOLESOME ENVIRONMENT PREPARES CHILDREN TO EXCEL IN TODAY'S COMPETITIVE SOCIETY. 0 0 6956250 520260 7189858 CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP SCHOOL RECEIVED THE "NO CHILD LEFT BEHIND" NATIONAL BLUE RIBBON OF EXCELLENCE AWARD. 100% OF CARLTHORP SCHOOL'S 2015 GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONALLY AND ACADEMICALLY ORIENTED. THOUGH A SOLID ACADEMIC FOUNDATION IN MATH, READING, AND ENGLISH IS STRESSED, THE CURRICULUM IS WELL ROUNDED. TEACHERS UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES. WITH TWO CLASSES AT EACH GRADE LEVEL LIMITED TO 20 STUDENTS IN EACH CLASS, EACH STUDENT FROM KINDERGARTEN THROUGH SIXTH GRADE RECEIVES INDIVIDUAL ATTENTION. THOROUGHNESS, ACCURACY AND RESPONSIBILITY ARE STRESSED IN ALL SCHOOLWORK, AND SPECIAL ATTENTION IS GIVEN TO NECESSARY PREPARATION FOR ENTRANCE TO PUBLIC AND PRIVATE SECONDARY SCHOOLS. DURING THE 2014-15 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS. 6956250 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 83 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X KEN PARR 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY MENZIES HEAD OF SCHOOL 40.00 X X 312337 0 28032 PETE ADAMSON TRUSTEE 1.50 X 0 0 0 MIMI BAE TRUSTEE 1.50 X 0 0 0 AUSTIN BEUTNER TRUSTEE 1.50 X 0 0 0 STEPHEN CONTOPULOS TRUSTEE 1.50 X 0 0 0 ART COPPOLA TRUSTEE 1.50 X 0 0 0 CHARLES FLIPPEN II TRUSTEE 1.50 X 0 0 0 ALONZO E HILL TRUSTEE 1.50 X 0 0 0 DOREEN INGMAN TRUSTEE 1.50 X 0 0 0 TIMOTHY JACKMAN TRUSTEE 1.50 X 0 0 0 STEPHEN KAPLAN TRUSTEE 1.50 X 0 0 0 NAVID MAHMOODZADEGAN TRUSTEE 1.50 X 0 0 0 SANGAM PANT TRUSTEE 1.50 X 0 0 0 PETER SHEEHY TRUSTEE 1.50 X 0 0 0 LILI F ZANUCK TRUSTEE 1.50 X 0 0 0 KENNETH PARR DIRECTOR OF FINANCE 40.00 X 162440 0 38570 TIMOTHY KUSSEROW PRINCIPAL 40.00 X 222180 0 47012 ROBERT MORIARITY DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 119667 0 14790 LYNN WAGMEISTER DIRECTOR OF ADMISSIONS 40.00 X 113307 0 15759 WILLIAM DUCKETT IT MANAGER 40.00 X 104857 0 16622 CLAUDIA ZUREK SPANISH TEACHER 40.00 X 101414 0 13387 1136202 0 174172 7 0 1 0 0 217407 1210445 102995 1427852 TUITION/TUTORING FEES 611600 6993150 6993150 WORKSHOPS AND ACTIVITI 611710 196708 196708 7189858 355746 355746 312067 217407 367723 -55656 -55656 MISCELLANEOUS INCOME 900099 6204 6204 6204 8924004 7189858 0 306294 520260 520260 811206 291824 297774 221608 4356907 3677530 588254 91123 270895 211298 46052 13545 596619 508608 81158 6853 376263 293485 63965 18813 7354 7354 18996 18996 102885 12175 90710 11591 11591 57695 24738 30759 2198 229726 206753 22973 26893 3978 15456 7459 22834 22834 36288 34498 1790 332554 299299 33255 143096 128786 14310 REPAIRS AND MAINTENANCE 189461 170515 18946 STUDENT ACTIVITIES & ME 177005 177005 PROGRAM SERVICE ACTIVIT 151268 151268 CLASSROOM SUPPLIES 130818 130818 160809 113412 33388 14009 8731423 6956250 1399565 375608 278470 330162 11728746 13280873 232463 132025 5380 8789 108194 111144 224956 146853 9574035 3730434 5899833 5843601 14459899 14220133 1275611 0 34213552 34073580 192147 210415 5486658 5765404 5678805 5975819 X 26716166 26368557 930468 847091 888113 882113 28534747 28097761 34213552 34073580 X 192581 -570492 -59075 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18294320 -6000 -221507 18066813 15493593 300 2800427 18294320 13298255 225839 1970794 1295 15493593 11753732 1587033 42510 13298255 11680369 200100 126737 11753732 0.94000 0.05000 0.01000 0 0 2610517 2610517 6398945 3511353 2887592 406653 195005 211648 157920 24076 133844 5843601 X 8015338 -570492 -59075 -629567 8644905 279099 279099 8924004 8211163 0 8211163 520260 520260 8731423 PART V, LINE 4: AT AUGUST 31, 2009, ALL PERMANENTLY RESTRICTED NET ASSETS OF THE SCHOOL WERE THOSE RAISED IN CONNECTION WITH THE "A NEW LEVEL OF EXCELLENCE" CAPITAL CAMPAIGN. IN MAY 2010, AT THE DIRECTION OF THE BOARD, THE SCHOOL SOLICITED WRITTEN RELEASE OF SUCH RESTRICTIONS FROM EACH DONOR. UPON RECEIPT OF A WRITTEN RELEASE FROM THE DONOR, CONTRIBUTIONS SO RELEASED HAVE BEEN RECLASSIFIED AS UNRESTRICTED FUNDS. HOWEVER, ANY UNPAID PLEDGES SO RELEASED HAVE BEEN CLASSIFIED AS TEMPORARILY RESTRICTED FUNDS UNTIL COLLECTED. AS OF AUGUST 31, 2015, THE SCHOOL CUMULATIVELY RECLASSIFIED $8,206,966 FROM PERMANENT RESTRICTED NET ASSETS TO UNRESTRICTED NET ASSETS BASED ON DONOR RELEASES. FIVE PERCENT OF THE DONOR-RESTRICTED ENDOWMENT FUNDS RAISED IN CONNECTION WITH THE A NEW LEVEL OF EXCELLENCE CAPITAL CAMPAIGN (TO THE EXTENT THERE ARE NET ACCUMULATED EARNINGS ON SUCH FUNDS) AND FIVE PERCENT OF CARLTHORP SCHOOL'S BOARD-DESIGNED UNRESTRICTED ENDOWMENT FUNDS MAY BE USED EACH YEAR IN ACCORDANCE WITH THE SCHOOL'S ENDOWMENT INVESTMENT GUIDELINES AND SPENDING POLICIES. HOWEVER, THE SCHOOL HAS NOT MADE SUCH DISTRIBUTIONS FROM ITS ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE 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 NO TO BE SUSTAINED UPON EXAMINATION. THESE 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: BAD DEBT EXPENSE -59,075. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER REVENUE & EXPENSE -241,161. FINANCIAL AID 520,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 520,260. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CARLTHORP SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE LOCAL NEWSPAPER, SANTA MONICA MIRROR, DURING ITS REGISTRATION PERIOD. CARLTHORP SCHOOL DOES NOT HAVE A SOLICITATION PROGRAM. SCHOLARSHIP DINNER 521457 217407 304050 62836 9929 287714 CANDY SALES 8017 8017 7244 529474 217407 312067 62836 9929 294958 367723 -55656 1 FINANCIAL AID 32 520260 FMV FINANCIAL AID TO ELIGIBLE STUDENTS. PART I, LINE 2: FINANCIAL AID IS AWARDED BY CARLTHORP SCHOOL ON A NONDISCRIMINATORY BASIS AND IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL & STUDENT SERVICES OF NAIS ("SSS"), WHICH FORM IS THEN SUBMITTED TO SSS. SSS THEN MAKES A RECOMMENDATION TO CARLTHORP SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. THIS RECOMMENDATION IS THE MINIMUM AMOUNT OF FINANCIAL AID AWARDED TO EACH APPLICANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DOROTHY MENZIES HEAD OF SCHOOL 310837 0 1500 0 0 0 17614 0 10418 0 340369 0 0 0 KENNETH PARR DIRECTOR OF FINANCE 160940 0 1500 0 0 0 9625 0 28945 0 201010 0 0 0 TIMOTHY KUSSEROW PRINCIPAL 220680 0 1500 0 0 0 11660 0 35352 0 269192 0 0 0 PART I, LINE 1A GROSSED UP TUITION REIMBURSEMENT PAYMENTS WERE MADE IN ACCORDANCE WITH THE SCHOOL'S TUITION REIMBURSEMENT POLICY FOR OFFICERS AND KEY EMPLOYEES, WHICH HAS BEEN MEMORIALIZED IN WRITING. PART I, LINE 3 THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE FINANCE COMMITTEE REVIEW AND APPROVE THE ANNUAL COMPENSATION OF THE HEAD OF SCHOOL PRIOR TO EXECUTION OF THE HEAD OF SCHOOL'S ANNUAL EMPLOYMENT CONTRACT. IN CONNECTION WITH THIS DELIBERATION, COMPENSATION INFORMATION OBTAINED FROM THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOL OF OTHER HEADS OF SCHOOL IS REVIEWED. TIM KUSSEROW PRINCIPAL HOME PURCHASE X 100000 111144 0 1 1 111144 X 9 102995 STOCK MARKET QUOTE 0 0 1 1 PART I, COLUMN (B): COLUMN (B) SHOWS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: BROKER HIRED TO SELL STOCK CONTRIBUTIONS IMMEDIATELY UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 1 THE FINANCE AND AUDIT COMMITTEES ARE A COMMITTEES OF THE BOARD OF TRUSTEES. EACH COMMITTEE SHALL BE COMPOSED OF THREE OR MORE TRUSTEES, NONE OF WHOM SHALL BE AN EMPLOYEE OF THE SCHOOL. ALL MEMBERS OF EACH COMMITTEE SHALL BE FINANCIALLY LITERATE, AND AT LEAST ONE MEMBER SHALL HAVE ACCOUNTING OR RELATED FINANCIAL MANAGEMENT EXPERTISE. THE MEMBERS OF EACH COMMITTEE SHALL BE ELECTED BY THE BOARD AT THE ANNUAL MEETING OF THE BOARD AND SHALL SERVE UNTIL THE NEST ANNUAL ORGANIZATIONAL MEETING OR UNTIL THEIR RESPECTIVE SUCCESSORS SHALL BE DULY ELECTED. FORM 990, PART VI, SECTION A, LINE 2 THE HEAD OF SCHOOL AND THE DIRECTOR OF FINANCE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES REVIEWS THE FORM 990, WITHOUT DONOR INFORMATION, AT A MEETING PRIOR TO THE FILING OF THE FORM 990. THE REVIEW OF THE 990 BY THE BOARD INCLUDES REVIEW OF: PROGRAM SERVICE ACCOMPLISHMENTS; THE STATEMENT OF FUNCTIONAL EXPENSES; AND THE EXISTENCE OF A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY, AND A PROCESS FOR DETERMINING COMPENSATION OF THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EVERY BOARD MEMBER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT, WHICH FORMS ARE KEPT ON FILE BY THE DIRECTOR OF FINANCE. SUCH FORMS DESCRIBE TYPES OF CONFLICTS OF INTEREST AND REQUIRE DISCLOSURE OF ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIR OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE FINANCE COMMITTEE REVIEW AND APPROVE THE ANNUAL COMPENSATION OF THE HEAD OF SCHOOL PRIOR TO EXECUTION OF THE HEAD OF SCHOOL'S ANNUAL EMPLOYMENT CONTRACT. IN CONNECTION WITH THIS DELIBERATION, CAIS INFORMATION REGARDING COMPENSATION OF OTHER HEADS OF SCHOOL IS REVIEWED. OTHER KEY EMPLOYEES ARE REVIEWED BY THE HEAD OF SCHOOL, WITH CAIS COMPENSATION INFORMATION, AND SUCH REVIEWS ARE DOCUMENTED IN PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST OF POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -59,075.