2016-04-07T15:50:33-05:00 2015-06-30 954610626 KALLMANTHOMPSONLOGAN LLP 125 S BARRINGTON PLACE LOS ANGELES CA 90049 990 2014-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 CHRISTOPHER B THOMAS CHIEF OPERATING OFFICER 8187323070 2016-04-04 1 STANLEY F SHIMOHARA CPA P00198926 3109091900 2016-04-04 2014 2016-08-17 19:52:53Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 33289576 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 26 347 150 0 0 2567539 3826418 26067859 27990865 867403 900301 356535 330818 29859336 33048402 2470347 2745192 0 0 17995838 18048049 0 0 57381 8847558 9765371 29313743 30558612 545593 2489790 71474122 74623794 17684423 17898794 53789699 56725000 X IN LIEU OF A MISSION STATEMENT, OAKWOOD SCHOOL HAS ADOPTED A STATEMENT OF PHILOSOPHY. SEE SCHEDULE O FOR DETAILS. 0 0 20189328 2745192 27990865 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. 20189328 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 96 0 1 347 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 ELIZABETH HIRSH NAFTALI ES' 76 TRUSTEE, CHAIR 0.00 X 0 0 0 MARTA F KAUFFMAN TRUSTEE, VICE CHAIR 0.00 X 0 0 0 MICHAEL MARSHALL TRUSTEE, TREASURER 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 NANCY CARELL TRUSTEE 0.00 X 0 0 0 MERYL K CHAE TRUSTEE 0.00 X 0 0 0 ADAM N FOGELSON 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 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 EDWARD PERRON TRUSTEE, PAST CHAIR 0.00 X 0 0 0 DEBBIE REED TRUSTEE 0.00 X 0 0 0 PETER SCHUBE TRUSTEE, PAST CHAIR 0.00 X 0 0 0 GREG SILVERMAN 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 KIMBERLY WEST-FAULCON TRUSTEE 0.00 X 0 0 0 JAMES AASTMAN PHD HEADMASTER 40.00 X 596519 0 37494 ELLIOT H SPOKANE C.F.O. 40.00 X 229269 0 48192 CHRISTOPHER B THOMAS C.O.O. 40.00 X 0 0 0 IRA PIANKO C.O.O. 40.00 X 258414 0 23646 EMILY LASKIN C.A.O. 40.00 X 250089 0 22713 SAMUEL H ANKER COUNSEL - HEAD'S OFFICE 40.00 X 183636 0 14723 MARGO LONG PRINCIPAL (ELEM.) 40.00 X 181966 0 29451 SUSAN SCHECHTMAN PRINCIPAL (MID.) 40.00 X 155197 0 27609 DAVID FRANKENBERG PRINCIPAL (HIGH.) 40.00 X 132397 0 18064 1987487 0 221892 26 0 1 0 SHARP LINE PLUMBING & MECHANICAL 21323 DE LA OSA ST WOODLAND HILLS CA 91364 PLUMBING & MECHANICAL 121657 1 408982 3417436 90776 3826418 TUITION & FEES 611600 27990865 27990865 27990865 900556 900556 90521 90776 -255 -255 -255 50895 408982 150398 -99503 -99503 AFTER SCHOOL PROGRAMS & PARENT DU 900099 227122 227122 INCIDENTAL NET RENTAL INCOME FROM 532000 163704 163704 OTHER REVENUE 900099 39495 39495 430321 33048402 27990865 0 1231119 2745192 2745192 1005508 1005508 13040422 11412838 1627584 759057 628876 130181 2280999 1929046 351953 962063 841921 120142 10096 10096 30500 30500 88068 88068 279853 279853 124434 124434 72543 72543 18122 18122 425888 425888 1819989 1819989 310767 310767 FACILITY EXPENSES 1601183 1601183 TRIPS & EXCURSIONS 865998 865998 EDUCATIONAL CLASSES 611017 611017 SECURITY 546260 546260 2960653 1154440 1748832 57381 30558612 20189328 10311903 57381 476 475 1744915 3563166 674338 727040 9868 5203 195000 480 104351 18004 46834569 13110069 33191014 33724500 34057952 31923925 0 1691208 4466001 71474122 74623794 3738946 1310991 2749677 3056368 300545 13481435 10895255 50000 17684423 17898794 X 47856646 50949790 3552100 3317418 2380953 2457792 53789699 56725000 71474122 74623794 2489790 445511 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 11455059 2542919 1908834 349058 451600 133583 14972571 0.72760 0.11590 0.15650 0 0 16403285 16403285 28282158 12123288 16158870 2131076 986781 1144295 18050 18050 33724500 INVESTMENT IN MUTUAL FUNDS AND BONDS 31923925 F 31923925 CONSTRUCTION IN PROGRESS 4330581 NET LOAN COSTS 135420 4466001 RESERVE FOR SELF INSURANCE 50000 50000 33493913 445511 445511 33048402 0 33048402 30558612 0 30558612 0 30558612 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 DINNER 459877 408982 50895 150398 459877 408982 50895 150398 150398 -99503 1 FINANCIAL AID 114 2745192 0 PART I, LINE 2: FINANCIAL AID IS AWARDED TO STUDENTS AND MONITORED BY COMMITTEE, USING APPLICANTS' SUBMISSIONS VIA NAIS AND ISM ONLINE APPLICATIONS AND ANALYSIS. STUDENT BILLING SOFTWARE ACCOUNTS FOR THE APPLICATION OF GRANTED AID. PROCESS IS REQUIRED FOR EACH SCHOOL YEAR. 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 0 0 0 0 0 0 0 0 JAMES AASTMAN PHD HEADMASTER 579019 0 0 0 17500 0 23000 0 14494 0 634013 0 0 0 ELLIOT H SPOKANE C.F.O. 229269 0 0 0 0 0 22300 0 25892 0 277461 0 0 0 IRA PIANKO C.O.O. 258414 0 0 0 0 0 5030 0 18616 0 282060 0 0 0 EMILY LASKIN C.A.O. 250089 0 0 0 0 0 12138 0 10575 0 272802 0 0 0 SAMUEL H ANKER COUNSEL - HEAD'S OFFICE 183636 0 0 0 0 0 12881 0 1842 0 198359 0 0 0 MARGO LONG PRINCIPAL (ELEM.) 181966 0 0 0 0 0 17100 0 12351 0 211417 0 0 0 SUSAN SCHECHTMAN PRINCIPAL (MID.) 155197 0 0 0 0 0 15150 0 12459 0 182806 0 0 0 DAVID FRANKENBERG PRINCIPAL (HIGH.) 132397 0 0 0 0 0 7035 0 11029 0 150461 0 0 0 PART I, LINE 1A THE HEADMASTER IS PAID FOR THE USE OF HIS PERSONAL RESIDENCE FOR SCHOOL EVENTS AND MEETINGS. JAMES A ASTMAN PHD HEADMASTER HOME IMPROVEMENT X 240000 120000 0 1 1 CHRIS B THOMAS C.O.O. HOME IMPROVEMENT X 75000 75000 0 1 1 195000 MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 91552 COMPENSATION FOR WORK PERFORMED AS NURSE AND INSTRUCTOR 0 ROBIN PIANKO SPOUSE OF OFFICER OF OAKWOOD SCHOOL, IRA R PIANKO 28814 COMPENSATION FOR WORK PERFORMED AS ADMISSION OFFICER 0 SCHEDULE L, PART II ON 09/16/2014, A $240,000 LOAN WAS MADE TO JAMES A. ASTMAN. ON JUNE 30, 2015, $60,000 OF PRINCIPAL, AND $2,243 OF INTEREST WERE ADDITIONALLY FORGIVEN. THE $62,243 WHICH WAS FORGIVEN WILL BE INCLUDED ON JAMES A. ASTMAN'S 2015 FORM W-2 AS OTHER INCOME AND WILL BE 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. THIS ARRANGEMENT WAS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH ORGANIZATION'S BYLAWS. X 17 90776 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 JANUARY 13, 2016 BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE JANUARY 13, 2016 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, C.O.O. AND C.F.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. AND C.F.O. THIS PROCESS ORDINARILY OCCURS EVERY YEAR FOR THE C.O.O. AND C.F.O., AND WAS LAST UNDERTAKEN FOR THE 2014-2015 FISCAL YEAR. THE CONTRACT FOR THE HEADMASTER WAS RENEWED IN JULY 2014 FOR A FOUR-YEAR TERM, RETROACTIVE TO JULY 1, 2013. 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 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, COLUMN B (III): THE $17,500 OF OTHER COMPENSATION REPORTED FOR JAMES ASTMAN IN SCHEDULE J, PART II, COLUMN B (III) REPRESENTS THE AMOUNT OF HIS 2014 DEFERRED COMPENSATION WHICH IS REPORTED ON HIS FORM W-2. THIS AMOUNT IS NOT REPORTED IN SCHEDULE J, PART II, COLUMN C DEFERRED COMPENSATION BECAUSE COLUMN C IS RESERVED FOR DEFERRED COMPENSATION AMOUNTS WHICH ARE NOT INCLUDIBLE IN AN EMPLOYEE'S FORM W-2. THIS COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS. SCHEDULE J, PART II: COMPENSATION AMOUNTS AND BENEFITS REPORTED IN SCHEDULE J, PART II, INCLUDE A LOAN IN THE AMOUNT OF $60,000 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL AND WAS FORGIVEN ON JUNE 30,2014. THIS $60,000 IS SHOWN ON JAMES ASTMAN'S 2014 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 ORGANIZATION'S BYLAWS. HARTSOOK HOLDINGS LLC 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 R/E HELD FOR FUTURE SCHOOL EXPANSION-TEMPORARILY RENTED CA 138809 2662189 OAKWOOD SCHOOL