2014-04-17T19:01:14-05:00 2013-06-30 954749365 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2012-07-01 952701337 WINDWARD SCHOOL WIND 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 BENNETT ROSENTHAL 3103917127 2014-04-17 1 BARED DILACAR P00157338 6267933600 2014-04-11 2012 2015-11-30 17:44:51Z STEVEN KIERMAN 11350 PALMS BLVD LOS ANGELES CA 90066 87621800 0 X WWW.WINDWARDSCHOOL.ORG X 1971 CA WINDWARD IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL FOR GRADES 7 TO 12. 22 19 219 175 0 0 4151614 2132293 17820704 19019799 141114 233872 377433 654348 22490865 22040312 1860107 2096321 0 0 11394739 12674590 0 0 1016539 6152597 6450595 19407443 21221506 3083422 818806 60144328 59504676 33815739 32308937 26328589 27195739 X WINDWARD SCHOOL IS A DYNAMIC COLLEGE-PREPARATORY SCHOOL THAT CHALLENGES EACH STUDENT TO ACHIEVE EXCELLENCE IN A NURTURING, INCLUSIVE COMMUNITY. WINDWARD TEACHERS, PARENTS, AND ADMINISTRATORS WORK TOGETHER TO INSPIRE OUR STUDENTS TO BE RESPONSIBLE, CARING, WELL INFORMED, ETHICAL, PREPARED, AND WELL BALANCED YOUNG ADULTS. 0 0 17529706 2096321 19019799 THE SCHOOL PROVIDES A VARIED AND CHALLENGING ACADEMIC PROGRAM, A WIDE RANGE OF OPPORTUNITIES FOR STUDENTS TO PARTICIPATE IN ATHLETICS, THE ARTS, AND COMMUNITY SERVICE, AND A DIVERSE STUDENT BODY. CLASSES AVERAGE 16 STUDENTS, AND THE STUDENT-FACULTY RATIO IS APPROXIMATELY 8:1.THE SCHOOL PROVIDES EXCELLENT PROGRAMS IN ENGLISH, MATHEMATICS, FOREIGN LANGUAGE, HISTORY, SCIENCE, AND THE VISUAL AND PERFORMING ARTS. THE CURRICULUM OFFERS STUDENTS A CHOICE OF MORE THAN 100 DIFFERENT COURSES. A HIGH PERCENTAGE OF WINDWARD STUDENTS UNDERTAKE ADVANCED PLACEMENT COURSEWORK. ALL WINDWARD STUDENTS ARE REQUIRED TO FULFILL A FORTY-HOUR COMMITMENT OF PUBLIC SERVICE BEFORE GRADUATION.CO-CURRICULAR ACTIVITIES FIGURE PROMINENTLY IN THE WINDWARD EXPERIENCE. FROM ATHLETICS TO STUDENT COUNCIL TO THE PERFORMING ARTS, NEARLY EVERY WINDWARD STUDENT PARTAKES IN OFFERINGS OUTSIDE OF THE CLASSROOM. STUDENTS HAVE THE OPTION OF PARTICIPATING IN A VARIETY OF CLUBS, DANCES, SKI TRIPS AND SPORTING EVENTS THROUGH WHICH THEY DEVELOP STRONG FRIENDSHIPS. THESE ACTIVITIES, COUPLED WITH THE SCHOOL'S ACADEMICALLY RIGOROUS CURRICULUM, HELP TO DEVELOP THE WIDEST RANGE OF STUDENTS' ABILITIES AND INTEREST. 17529706 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 1 219 1 0 0 0 0 0 1 1 0 0 X 22 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X STEVEN KIERMAN 3103917127 11350 PALMS BLVD LOS ANGELES CA 90066 THOMAS GILDER 40.00 X X 408833 0 246854 TONY DE LOS REYES 40.00 X 85111 0 9363 SHIRLEY WINDWARD 1.00 X 43273 0 0 ELLIOT GORDON 1.00 X X 0 0 0 NANCY GRANT 1.00 X X 0 0 0 SCOTT JACKS 1.00 X X 0 0 0 IRENE KLEINBERG 1.00 X X 0 0 0 STEVE DWORKIN 1.00 X X 0 0 0 HAL BURROUGHS 1.00 X 0 0 0 JANE GUTMAN 1.00 X 0 0 0 BENNETT ROSENTHAL 1.00 X 0 0 0 BRYAN EZRALOW 1.00 X 0 0 0 PETER SMAILES 1.00 X 0 0 0 RANDYE SOREF 1.00 X 0 0 0 MICHAEL PARKS 1.00 X 0 0 0 MICHAEL HACKMAN 1.00 X 0 0 0 ALLISON MIRKIN 1.00 X 0 0 0 MICHAEL SALES 1.00 X 0 0 0 TONY RUBIN 1.00 X 0 0 0 GEORGE ROSENTHAL 1.00 X 0 0 0 PATRICIA DUNCAN 1.00 X 0 0 0 GARY NEWMAN 1.00 X 0 0 0 STEVEN W KIERMAN 40.00 X 235048 0 32256 RAYMOND FRIEND 40.00 X 146458 0 16110 MARGARET PROCTER 40.00 X 149316 0 16425 SHARON PEARLINE 40.00 X 133371 0 14671 ERIC MANDEL 40.00 X 130795 0 14388 JAMES BOLOGNA 40.00 X 134336 0 14776 1466541 0 364843 16 0 1 0 PAUL W SPEER INC 7141 VALJEAN AVENUE VAN NUYS CA 91406 CONSTRUCTION 1210478 ALPHA BUILDING MAINTENANCE 11511 BARMAN AVE CULVER CITY CA 90230 BUILDING MAINTENANCE 301113 TUMBLEWEED TRANSPORTATION PO BOX 49291 LOS ANGELES CA 90049 TRANSPORTATIONS 165529 3 146035 1986258 96094 2132293 TUITION & FEES 611710 18728368 18728368 STUDENT AND AUXILIARY INCOME 611710 291431 291431 19019799 6455 6455 271355 113755 157600 157600 157600 65604587 65377170 227417 227417 227417 137151 146035 90563 46588 46588 BUS INCOME 480000 210999 210999 BOOK SALES 451211 98528 98528 YEAR BOOK INCOME 451211 60275 60275 80358 80358 450160 22040312 19019799 0 888220 2096321 2096321 887897 94004 793893 9336454 8292697 662758 380999 466698 329043 119623 18032 1258251 1035586 179262 43403 725290 612418 82998 29874 6109 6109 24696 24696 26700 26700 105532 105532 106666 105313 1353 1018142 782793 191941 43408 155440 149517 5923 663972 510492 125172 28308 1542313 1185800 290758 65755 134593 103481 25374 5738 INSTRUCTIONAL AND STUDE 1169851 1169851 ATHLETICS DEPARTRMENT 408457 408457 PUBLIC RELATIONS AND CO 243073 139489 103584 RETREATS AND SENIOR TRI 229169 229169 615882 285275 33169 297438 21221506 17529706 2675261 1016539 225 12948936 6188347 11117 2611986 1659456 8000 2000 198800 182600 599988 644103 48826569 15064657 32184256 33761912 18005578 7098783 2973171 347148 222598 60144328 59504676 2439393 1566367 9714957 9416934 19550000 21227796 92643 97840 2018746 0 33815739 32308937 X 23619018 25472732 2300892 1311328 408679 411679 26328589 27195739 60144328 59504676 X 818806 87991 -39647 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 488157 3000 14914 965 505106 121407 365179 1571 488157 43500 77907 121407 43500 43500 29500 14000 43500 0.81500 0.18500 0 0 475000 1311617 1786617 884482 6536162 3665362 3755282 31819318 6507345 25311973 6960822 4891950 2068872 839168 839168 33761912 X 20236300 87991 -2096321 -2008330 22244630 -204318 -204318 22040312 19707658 582473 582473 19125185 2096321 2096321 21221506 PART IV, LINE 2B: CUSTODIAN ACCOUNTS INCLUDE STUDENT STORE AND STUDENT SUMMER ACTIVITY ACCOUNTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: FUNDS TO BE USED TO PROVIDE FINANCIAL AID TO STUDENTS AND OTHER EDUCATION RELATED PURPOSES. 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. THE 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: FINANCIAL AID -2,096,321. PART XI, LINE 4B - OTHER ADJUSTMENTS: DINNER & AUCTION EXPENSES -90,563. RENTAL EXPENSE -113,755. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 113,755. DINNER & AUCTION EXPENSES 90,563. EXTINGUISHMENT OF DEBT 378,155. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,096,321. 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 WINDWARD SCHOOL EXTENDS TO ALL REGARDLESS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY AFFORDED OR MADE AVAILABLE TO STUDENTS OF THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL AND ADMISSIONS POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTRATIVE PROGRAMS. WINDWARD SCHOOL ADVERTISES ITS RACIALLY NON-DISCRIMINATORY POLICY THROUGH NEWSPAPERS, MAGAZINES, MANUALS, OPEN HOUSES TO WHICH THE PUBLIC IS INVITED, AND APPEARANCES AT PUBLIC HIGH SCHOOLS. A FINANCIAL AID PROGRAM IS OFFERED TO NEEDY STUDENTS. WINDWARD IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA INDEPENDENT SCHOOLS; BOTH ASSOCIATIONS ARE NON-DISCRIMINATORY. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 2973171 0 0 0 0 0 0 2973171 0 2973171 0 0 0 0 0 0 SPRING EVENT DINNER 283186 146035 137151 41096 49467 283186 146035 137151 41096 49467 90563 46588 1 FINANCIAL AID 80 2096321 FMV FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL & STUDENT SERVICES OF NAIS ("SSS"). THE FORM IS THEN SUBMITTED TO SSS AND SSS THEN MAKES A RECOMMENDATION TO THE SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. FINANCIAL AID AT THE SCHOOL IS AWARDED BASED ON A FAMILY'S DEMONSTRATED FINANCIAL NEED. A STUDENT SHOULD NEVER BE AWARDED AID IN EXCESS OF HIS/HER NEED, AS ASSESSED BY THE FINANCIAL AID COMMITTEE AFTER UTILIZING ALL AVAILABLE INFORMATION. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 THOMAS GILDER 408833 0 0 0 0 0 228553 0 18301 0 655687 0 0 0 STEVEN W KIERMAN 235048 0 0 0 0 0 14103 0 18153 0 267304 0 0 0 RAYMOND FRIEND 146458 0 0 0 0 0 8787 0 7323 0 162568 0 0 0 MARGARET PROCTER 149316 0 0 0 0 0 8959 0 7466 0 165741 0 0 0 PART I, LINE 1A PAID AIR TICKET FOR SPOUSE TO ATTEND A CONFERENCE EVERY OTHER YEAR WITH HEAD OF SCHOOL. HOUSING AND TUITION ALLOWANCE IS INCLUDED IN BASE COMPENSATION. PART I, LINE 4B THOMAS GILDER, HEAD OF SCHOOL, PARTICIPATES IN THE SCHOOL'S 457 F AND 403 B PLANS. THE TOTAL CONTRIBUTIONS FOR THE YEAR WAS $155,721. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-11-08 24875000 CAPITAL EXPANSION AND REFUNDING OF 2007 BOND ISSUE OF $19,550,000 0 0 0 A 21348000 113783 21234217 2013 1 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 0 A 0 FORM 990 SCHEDULE K PART I IN NOVEMBER 2012, THE SCHOOL ENTERED INTO A TAX-EXEMPT LOAN AGREEMENT WITH FIRST REPUBLIC BANK. UNDER THE TERMS OF THE AGREEMENT, THE SCHOOL MAY BORROW UP TO $25,000,000 TO BE APPLIED TOWARDS A CLOSING ADVANCE OF $21,473,000 AND PERIODIC ADVANCE OF $3,527,000, SECURED BY CERTAIN SCHOOL ASSETS, AS DEFINED, AND SUBJECT TO LOAN COVENANTS, AS DEFINED. ACCORDINGLY, THE SCHOOL USED THE CLOSING ADVANCE OF $21,473,000 TO REDEEM THE 2007 BONDS IN THE TOTAL PRINCIPAL AMOUNT OF $19,550,000, TO PAY THE PRIOR SWAP PROVIDER FOR THE EARLY TERMINATION OF AN INTEREST RATE SWAP RELATING TO THE 2007 BONDS IN THE AMOUNT OF $1,680,237, AND TO PAY COSTS OF ISSUANCE RELATING TO THE 2012 TAX EXEMPT LOAN FINANCING. STEVEN KIERMAN GENERAL X 13000 1000 0 1 1 TONY DE LOS REYES GENERAL X 3000 1000 0 1 1 2000 X 13 96094 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: BROKER HIRED TO SELL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION SUPPLIES A COPY OF THE FORM 990 TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE REST OF THE MEMBERS OF THE BOARD OF TRUSTEES RECEIVE A COPY OF THE PUBLIC RECORD FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S BOARD OF TRUSTEES HAS ADOPTED A CONFLICT OF INTEREST POLICY TO ENSURE THAT BOARD ACTIONS ARE ADOPTED FREE FROM ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST. TRUSTEES ARE EXPECTED TO USE COMMON SENSE AND GOOD JUDGMENT IN THE EXERCISE OF THEIR DUTIES. WHILE THIS LIST IS NOT EXHAUSTIVE, THE FOLLOWING ARE COMMON EXAMPLES THAT COULD GIVE RISE TO A POTENTIAL OR ACTUAL CONFLICT OF INTEREST. A. A TRUSTEE OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY IS RELATED TO ANY SCHOOL EMPLOYEE OR RELATIVE OF AN EMPLOYEE BY BLOOD, MARRIAGE OR DOMESTIC PARTNERSHIP WHICH EMPLOYEE OR RELATIVE COULD BE IMPACTED BY A MATTER TO BE CONSIDERED BY THE BOARD. B. A TRUSTEE, OR ANY ENTITY BY WHICH THE TRUSTEE (OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY) IS EMPLOYED OR IN WHICH THE TRUSTEE HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, STANDS TO BENEFIT FROM A SCHOOL TRANSACTION, INCLUDING WITHOUT LIMITATION RECEIVING PAYMENT FROM THE SCHOOL FOR ANY CONTRACT, GOOD, OR SERVICE, OTHER THAN IN REIMBURSEMENT FOR REASONABLE EXPENSES INCURRED ON BEHALF OF THE SCHOOL. C. A TRUSTEE, OR A MEMBER OF THE TRUSTEE'S IMMEDIATE FAMILY, HAS A REAL PROPERTY INTEREST THAT COULD BE IMPACTED (EITHER POSITIVELY OR NEGATIVELY) BY THE SCHOOL'S OPERATIONS. FOLLOWING DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD CHAIR SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS, AND, IF SO, THE CHAIR SHALL REFER THE MATTER TO THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. THE CHAIR OF THE BOARD SHALL DISCLOSE HIS OR HER OWN ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE REMAINDER OF THE EXECUTIVE COMMITTEE, WHO SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND, IF SO, REFER THE MATTER TO THE EXECUTIVE COMMITTEE, WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. EACH TRUSTEE MUST SIGN AND DATE THIS POLICY ANNUALLY, AT OR BEFORE THE FIRST FALL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL USES THE BENCHMARKING TOOL PROVIDED BY NAIS TO COMPARE AND EVALUATE THE COMPENSATION PACKAGES OF SIMILAR POSITIONS IN THE AREA. IN ADDITION, THE SCHOOL HIRES AN INDEPENDENT CONSULTANT THAT EVALUATES THE COMPENSATION PACKAGES OF SEVERAL HEADS OF SCHOOL IN THE AREA. THE EXECUTIVE COMMITTEE REVIEWS BOTH REPORTS, EVALUATES THE RESULTS AND SETS THE NEW COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL REVIEWS, EVALUATES AND DECIDES THE COMPENSATION PACKAGES OF THE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION WITHOUT CHARGE DURING REGULAR BUSINESS HOURS AT THE BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF INTEREST RATE SWAP 338,508. EXTINGUISHMENT OF DEBT -378,155. NO CHANGE IN PROCESS FROM PRIOR YEAR.