2014-04-08T12:05:45-05:00 2013-08-31 954749365 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2012-09-01 953512203 CARLTHORP SCHOOL CARL 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY F MENZIES 3104511332 2014-04-01 1 ALAN HARRISON P00157337 6267933600 2014-04-01 2012 2015-11-30 17:44:51Z DOROTHY F MENZIES 438 SAN VICENTE BLVD SANTA MONICA CA 90402 8873702 0 X HTTP://WWW.CARLTHORP.ORG/ X 1939 CA INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. 13 12 86 110 0 0 998278 1211497 6496138 6681326 318003 566749 177514 301688 7989933 8761260 396794 493641 0 0 5986836 6201657 0 0 363736 1765534 1699153 8149164 8394451 -159231 366809 29414133 31585730 5431630 5776214 23982503 25809516 X CARLTHORP SCHOOL IS AN INDEPENDENT, NON-PROFIT 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 SEVENTY-THREE 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 6423649 493641 6681326 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. HISTORICALLY, 97% OF CARLTHORP SCHOOL'S GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONAL 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 201213 SCHOOL-YEAR, THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS. 6423649 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 21 0 1 86 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEN PARR 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY MENZIES 40.00 X X 289833 0 32210 PETE ADAMSON 1.50 X 0 0 0 AUSTIN BEUTNER 1.50 X 0 0 0 STEPHEN CONTOPULOS 1.50 X 0 0 0 CHARLES FLIPPEN II 1.50 X 0 0 0 ALONZO E HILL 1.50 X 0 0 0 DOREEN INGMAN 1.50 X 0 0 0 TIMOTHY JACKMAN 1.50 X 0 0 0 STEPHEN KAPLAN 1.50 X 0 0 0 HELEN LEVIN 1.50 X 0 0 0 SANGAM PANT 1.50 X 0 0 0 LAURA SHELBY 1.50 X 0 0 0 LILI F ZANUCK 1.50 X 0 0 0 KENNETH PARR 40.00 X 134300 0 35572 TIMOTHY KUSSEROW 40.00 X 174600 0 37454 STEVE SPRINGER 40.00 X 111700 0 13180 ROBERT MORIARITY 40.00 X 112600 0 14208 LYNN WAGMEISTER 40.00 X 105167 0 14393 928200 0 147017 6 0 1 0 0 187534 1023963 127968 1211497 TUITION/TUTORING FEES 611600 6463309 6463309 WORKSHOPS AND ACTIVITI 611710 218017 218017 6681326 566749 566749 385602 187534 112442 273160 273160 OTHER INCOME 611710 28528 28528 28528 8761260 6681326 0 868437 493641 493641 522736 111658 206373 204705 4498780 3549065 909909 39806 248323 183759 54631 9933 572623 456118 112523 3982 359195 265804 79023 14368 23750 23750 54046 54046 5872 5872 55150 27288 18666 9196 152269 137042 15227 234984 189476 37438 8070 16706 16706 62268 55593 6675 301763 271587 30176 148190 133371 14819 ACTIVITIES AND MERCHAND 229815 229815 PROGRAM SERVICE ACTIVIT 156151 156151 PROGRAM SERVICE SUPPLIE 134672 134672 LOSS ON PLEDGES RECEIVA 71057 71057 52460 28609 21232 2619 8394451 6423649 1607066 363736 236005 125636 8290258 9044569 771641 438063 31542 15425 102294 105900 1886 243070 262286 9309664 3299402 6164140 6010262 13479056 15485000 96127 96703 29414133 31585730 245663 369144 5185967 5407070 5431630 5776214 X 22025109 23882475 1251639 1038928 705755 888113 23982503 25809516 29414133 31585730 366809 1460204 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13298255 225839 1970794 1295 15493593 11753732 1587033 42510 13298255 11680369 200100 126737 11753732 14404648 5540949 62139 8327367 11680369 12139465 2731258 -435525 30550 14404648 0.93210 0.05730 0.01060 0 0 2610517 2610517 6240369 3096138 3144231 348593 138493 210100 110185 64771 45414 6010262 X 9656766 1460204 -564698 895506 8761260 0 8761260 7829753 0 7829753 564698 564698 8394451 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 RELEASES 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. IN AUGUST 2013, THE SCHOOL RECLASSIFIED $1,295 OF CONTRIBUTIONS FROM PERMANENTLY RESTRICTED TO UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS BASED ON DONOR RELEASES. ALSO IN AUGUST 2013, BASED ON A REVIEW OF PRIOR YEAR CONTRIBUTIONS, THE SCHOOL RECLASSIFIED $225,839 OF UNRESTRICTED FUNDS TO TEMPORARILY RESTRICTED AND PERMANENTLY RESTRICTED ENDOWMENT TO CORRECT A PRIOR UNDERSTATEMENT. AS OF AUGUST 31, 2013, THE SCHOOL CUMMULATIVELY RECLASSIFIED $8,200,966 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-DESIGNATED 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -493,641. LOSS ON PLEDGES RECEIVABLE -71,057. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 493,641. LOSS ON PLEDGES RECEIVABLE 71,057. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 563491 187534 375957 61446 42874 CANDY SALES 9645 9645 8122 573136 187534 385602 61446 42874 8122 112442 273160 1 FINANCIAL AID 34 493641 FMV FINANCIAL AID TO ELIGIBLE STUDENTS. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED BY CARLTHORP SCHOOL ON A NON-DISCRIMINATORY 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 X X X 0 0 0 0 0 0 0 0 0 DOROTHY MENZIES 288333 0 1500 0 0 0 17248 0 14962 0 322043 0 0 0 KENNETH PARR 132800 0 1500 0 0 0 8085 0 27487 0 169872 0 0 0 TIMOTHY KUSSEROW 173100 0 1500 0 0 0 9057 0 28397 0 212054 0 0 0 TIM KUSSEROW PRINCIPAL HOME PURCHASE X 100000 105900 0 1 1 105900 X 9 127968 FAIR VALUE 0 1 1 THIRD PARTY USE: PART I, LINE 32B: BROKER HIRED TO SELL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 THE HEAD OF SCHOOL IS THE AUNT OF THE DIRECTOR OF FINANCE AND DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES REVIEWS THE FORM 990 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, A 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 AND DEVELOPMENT. SUCH FORMS DESCRIBE TYPES OF CONFLICTS OF INTEREST AND REQUIRE DISCLOSURE OF ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 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 18 THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. IT DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.