2015-01-28T18:04:49-06:00 2014-06-30 201567623 SKMC LLP 11845 W OLYMPIC BLVD SUITE 900 LOS ANGELES CA 900645086 990 2013-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 ELLIOT SPOKANE CONTROLLER 8187323050 2015-01-23 1 STANLEY F SHIMOHARA CPA P00198926 3104776161 2015-01-23 2013 2016-02-25 16:41:14Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 30064608 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. 25 25 286 150 0 0 2801098 2567539 25347564 26067859 863109 867403 424872 356535 29436643 29859336 2330234 2470347 0 0 16757142 17995838 0 0 48601 8197613 8847558 27284989 29313743 2151654 545593 61205618 71474122 11352603 17684423 49853015 53789699 NONE 0 0 17190025 2470347 26067859 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. 17190025 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 133 0 1 286 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MR ELLIOT SPOKANE 8187323050 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 PETER SCHUBE TRUSTEE, PAST CHAIR 0.00 X 0 0 0 LISA HOMAMPOUR TRUSTEE 0.00 X 0 0 0 ELIZABETH HIRSH NAFTALI TRUSTEE, CHAIR 0.00 X 0 0 0 KEN FRITZ TRUSTEE, GENERAL MEMBER 0.00 X 0 0 0 PHYLLIS GOTTLIEB TRUSTEE, GENERAL MEMBER 0.00 X 0 0 0 BARBARA MARSHALL TRUSTEE, GENERAL MEMBER 0.00 X 0 0 0 PAMELA SKAIST LEVY TRUSTEE 0.00 X 0 0 0 STEVE CARELL TRUSTEE 0.00 X 0 0 0 MERYL K CHAE TRUSTEE 0.00 X 0 0 0 JEFFREY MARKOWITZ TRUSTEE 0.00 X 0 0 0 MARTA F KAUFFMAN TRUSTEE, VICE CHAIR 0.00 X 0 0 0 DEBBIE REED TRUSTEE 0.00 X 0 0 0 DANIEL WEISS TRUSTEE 0.00 X 0 0 0 GREG SILVERMAN TRUSTEE 0.00 X 0 0 0 MICHAEL MARSHALL TRUSTEE, TREASURER 0.00 X 0 0 0 ALLISON THOMAS TRUSTEE, SECRETARY 0.00 X 0 0 0 EDWARD PERRON TRUSTEE, PAST CHAIR 0.00 X 0 0 0 ROGER LOVE TRUSTEE 0.00 X 0 0 0 STEVE TELLER TRUSTEE 0.00 X 0 0 0 KIMBERLY WEST - FAULCON TRUSTEE 0.00 X 0 0 0 ADAM N FOGELSON TRUSTEE 0.00 X 0 0 0 BRIDGET L BAKER TRUSTEE 0.00 X 0 0 0 MITCHELL BUTLER 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 JAMES AASTMAN PHD HEADMASTER 40.00 X 343546 0 31928 ELLIOT H SPOKANE CONTROLLER 40.00 X 225116 0 45282 IRA PIANKO C.O.F.O. 40.00 X 121085 0 8174 EMILY J LASKIN C.A.O 40.00 X 263296 0 26339 SAMUEL H ANKER COUNSEL - HEAD'S OFFICE 40.00 X 242957 0 19239 MARGO LONG PRINCIPAL (ELEM.) 40.00 X 176475 0 28800 ERIC WALTER DIRECTOR OF ATHLETICS 40.00 X 136275 0 33736 1508750 0 193498 21 0 1 0 0 384071 2183468 57299 2567539 TUITION & FEES 611600 26067859 26067859 26067859 867516 867516 72188 72301 -113 -113 -113 89375 384071 132971 -43596 -43596 AFTER SCHOOL PROGRAMS & PARENT DU 900099 219328 219328 INCIDENTAL NET RENTAL INCOME FROM 532000 142508 142508 OTHER REVENUE 900099 38295 38295 400131 29859336 26067859 0 1223938 2470347 2470347 1155196 1155196 12776866 9475643 3301223 758420 533805 224615 2363648 1797677 565971 941708 693439 248269 49574 49574 38000 38000 82136 82136 206346 206346 190052 190052 72590 72590 14023 14023 14596 14596 453579 453579 1668793 1668793 287179 287179 FACILITY EXPENSES 1456653 1456653 TRIPS & EXCURSIONS 687866 687866 EDUCATIONAL CLASSES 483402 483402 INFORMATION SYSTEMS & W 398872 398872 2743897 1047846 1647450 48601 29313743 17190025 12075117 48601 475 476 627964 1744915 887525 674338 33316 9868 9735 0 101099 104351 46384342 13193328 28193415 33191014 30542869 34057952 0 809220 1691208 61205618 71474122 3096747 3738946 2672271 2749677 312561 300545 5271024 10895255 11352603 17684423 X 43933683 47856646 3610659 3552100 2308673 2380953 49853015 53789699 61205618 71474122 545593 3391091 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 8641965 2032590 1179783 331172 11204 56903 11455059 0.71150 0.11580 0.17270 0 0 15631812 15631812 28093481 11633817 16459664 2640999 1559511 1081488 18050 18050 33191014 INVESTMENT IN MUTUAL FUNDS AND BONDS 34057952 F 34057952 RESERVE FOR SELF INSURANCE 50000 LINE OF CREDIT - FRB 8510701 FRB LOAN PAYABLE 801/802 890441 LINE OF CREDIT - DIOCESE 1000000 FRB LOAN PAYABLE 803 444113 10895255 33250427 3391091 3391091 29859336 0 29859336 29313743 0 29313743 0 29313743 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 473446 384071 89375 132971 473446 384071 89375 132971 132971 -43596 1 FINANCIAL AID 124 2470347 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 X 0 0 0 0 0 0 0 0 0 JAMES AASTMAN PHD HEADMASTER 296046 0 0 0 47500 0 19727 0 14250 0 377523 0 0 0 ELLIOT H SPOKANE CONTROLLER 225116 0 0 0 0 0 21850 0 25136 0 272102 0 0 0 EMILY J LASKIN C.A.O 263296 0 0 0 0 0 12898 0 15577 0 291771 0 0 0 SAMUEL H ANKER COUNSEL - HEAD'S OFFICE 242957 0 0 0 0 0 18660 0 2676 0 264293 0 0 0 MARGO LONG PRINCIPAL (ELEM.) 176475 0 0 0 0 0 16600 0 13823 0 206898 0 0 0 ERIC WALTER DIRECTOR OF ATHLETICS 136275 0 0 0 0 0 13400 0 22138 0 171813 0 0 0 PART I, LINE 1A THE HEADMASTER IS PAID FOR THE USE OF HIS PERSONAL RESIDENCE FOR SCHOOL EVENTS AND MEETINGS. MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 95735 COMPENSATION FOR WORK PERFORMED AS NURSE AND INSTRUCTOR 0 ROBIN PIANKO SPOUSE OF OFFICER OF OAKWOOD SCHOOL, IRA R PIANKO 27750 COMPENSATION FOR WORK PERFORMED AS ADMISSION OFFICER 0 X 9 57299 FMV OF DONATED STOCKS 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR ENDED JUNE 30, 2014, THE SCHOOL REVISED ITS BYLAWS AS A RESULT OF CERTAIN TECHNICAL CHANGES UNDER THE NEW CALIFORNIA NON-PROFIT CORPORATION LAW AND MADE CHANGES TO THE SCHOOL'S OFFICERS, INCLUDING SELECTING ELLIOT SPOKANE AS AN ASSISTANT SECRETARY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD'S AUDIT COMMITTEE MET AND REVIEWED THE FORM 990 PRIOR TO THE JANUARY 14, 2015 BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE JANUARY 14, 2015 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.F.O., C.A.O. AND CONTROLLER. 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.F.O, C.A.O. AND CONTROLLER. THIS PROCESS ORDINARILY OCCURS EVERY YEAR FOR THE C.O.F.O, C.A.O. AND CONTROLLER, 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. 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 $47,500 OF OTHER COMPENSATION REPORTED FOR JAMES ASTMAN IN SCHEDULE J, PART II, COLUMN B (III) REPRESENTS THE AMOUNT OF HIS 2013 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 IN ADDITION TO THE COMPENSATION AMOUNTS AND BENEFITS REPORTED IN SCHEDULE J, PART II, A LOAN IN THE AMOUNT OF $60,000 PLUS ACCRUED INTEREST OF $2,130 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30,2013. THIS $62,130 IS SHOWN ON JAMES ASTMAN'S 2013 FORM W-2 AS OTHER INCOME 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 114013 1106504