2014-01-24T13:56:08-06:00 2013-06-30 201567623 SKMC LLP 11845 W OLYMPIC BLVD SUITE 900 LOS ANGELES CA 900645086 990 2012-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 ELLIOT SPOKANE 8187323050 2014-01-24 1 STANLEY F SHIMOHARA CPA P00198926 3104776161 2014-01-23 2012 2015-11-30 17:44:51Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 29594340 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. 24 24 278 150 0 0 2323520 2801098 24425662 25347564 645744 863109 213112 424872 27608038 29436643 2312588 2330234 0 0 15268858 16757142 0 0 2040 8399068 8197613 25980514 27284989 1627524 2151654 56038938 61205618 10459473 11352603 45579465 49853015 NONE 0 0 16349341 2330234 25347564 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. 16349341 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 81 0 1 278 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 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 0.00 X 0 0 0 LISA HOMAMPOUR 0.00 X 0 0 0 IRA PIANKO 0.00 X 0 0 0 ELIZABETH HIRSH NAFTALI 0.00 X 0 0 0 KEN FRITZ 0.00 X 0 0 0 PHYLLIS GOTTLIEB 0.00 X 0 0 0 BARBARA MARSHALL 0.00 X 0 0 0 PAMELA SKAIST LEVY 0.00 X 0 0 0 STEVE CARELL 0.00 X 0 0 0 MERYL K CHAE 0.00 X 0 0 0 JEFFREY MARKOWITZ 0.00 X 0 0 0 MARTA F KAUFFMAN 0.00 X 0 0 0 DEBBIE REED 0.00 X 0 0 0 DANIEL WEISS 0.00 X 0 0 0 GREG SILVERMAN 0.00 X 0 0 0 MICHAEL MARSHALL 0.00 X 0 0 0 ALLISON THOMAS 0.00 X 0 0 0 JAMES NEWTON 0.00 X 0 0 0 EDWARD PERRON 0.00 X 0 0 0 ROBIN RAPPAPORT 0.00 X 0 0 0 ROGER LOVE 0.00 X 0 0 0 STEVE TELLER 0.00 X 0 0 0 KIMBERLY WEST - FAULCON 0.00 X 0 0 0 ADAM N FOGELSON 0.00 X 0 0 0 JAMES AASTMAN PHD 40.00 X 421598 0 30615 SAMUEL H ANKER 40.00 X 223341 0 28648 ELLIOT H SPOKANE 40.00 X 219302 0 44029 MARGO LONG 40.00 X 172778 0 14825 NANCY GOLDBERG 40.00 X 124853 0 35079 ERIC WALTER 40.00 X 136672 0 32072 ERIC LEE 40.00 X 126574 0 7380 SUSAN SCHECHTMAN 40.00 X 124248 0 22388 1549366 0 215036 21 0 1 0 0 488116 2312982 32674 2801098 TUITION & FEES 611600 25347564 25347564 25347564 863095 863095 22685 22671 14 14 14 75425 488116 135026 -59601 -59601 AFTER SCHOOL PROGRAMS & PARENT DU 900099 190074 190074 INSURANCE SETTLEMENT INCOME 900099 175000 175000 INCIDENTAL NET RENTAL INCOME FROM 532000 69000 69000 50399 50399 484473 29436643 25347564 0 1287981 2330234 2330234 928043 928043 11979079 8976819 3002260 713925 491837 222088 2246744 1697165 549579 889351 653048 236303 35843 35843 29500 29500 84842 84842 184051 184051 132331 132331 68769 68769 96600 96600 20127 20127 219670 219670 1680283 1680283 245845 245845 FACILITY EXPENSES 1391219 1391219 TRIPS & EXCURSIONS 654967 654967 EDUCATIONAL CLASSES 448334 448334 SECURITY 420638 420638 2484594 1096937 1385617 2040 27284989 16349341 10933608 2040 475 475 564979 627964 1000235 887525 6767 33316 60000 0 10802 9735 33799 101099 40133257 11939842 28657501 28193415 25024885 30542869 0 679495 809220 56038938 61205618 2928747 3096747 2400317 2672271 324155 312561 4806254 5271024 10459473 11352603 X 40612381 43933683 2750233 3610659 2216851 2308673 45579465 49853015 56038938 61205618 2151654 2121896 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 9940908 789258 -1507105 345896 151713 83487 8641965 0.65560 0.13430 0.21010 0 0 12047444 12047444 25506106 10559378 14946728 2561657 1380464 1181193 18050 18050 28193415 INVESTMENT IN MUTUAL FUNDS AND BONDS 30542869 F 30542869 RESERVE FOR SELF INSURANCE 50000 LINES OF CREDIT 4279406 FRB LOAN PAYABLE 801/802 941618 5271024 31558539 2121896 2121896 29436643 0 29436643 27284989 0 27284989 0 27284989 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 PUBLIC ADVERTISEMENTS ARE PLACED IN CITY WIDE NEWSPAPER MEDIA ON AN ANNUAL BASIS DINNER 563541 488116 75425 135026 563541 488116 75425 135026 135026 -59601 1 FINANCIAL AID 122 2330234 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 334098 0 0 0 87500 0 19208 0 13474 0 454280 0 0 0 SAMUEL H ANKER 223341 0 0 0 0 0 17240 0 13505 0 254086 0 0 0 ELLIOT H SPOKANE 219302 0 0 0 0 0 21350 0 24577 0 265229 0 0 0 MARGO LONG 172778 0 0 0 0 0 3417 0 13077 0 189272 0 0 0 NANCY GOLDBERG 124853 0 0 0 0 0 12400 0 24467 0 161720 0 0 0 ERIC WALTER 136672 0 0 0 0 0 12550 0 21317 0 170539 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 93186 COMPENSATION FOR WORK PERFORMED AS NURSE AND INSTRUCTOR 0 SCHEDULE L, PART II LOAN PAYMENTS MADE THROUGH FORGIVENESS OF DEBT ON 9/5/2008, A $300,000 LOAN WAS MADE TO JAMES A. ASTMAN. ON JUNE 30, 2013 $60,000 OF PRINCIPAL, AND $2,130 OF INTEREST WERE ADDITIONALLY FORGIVEN. THE $62,130 WHICH WAS FORGIVEN WILL BE INCLUDED ON JAMES A. ASTMAN'S 2013 FORM W-2 AS OTHER INCOME AND WILL BE 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. X 4 32674 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 15, 2014 BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE JANUARY 15, 2014 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 INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, ETC. ADDITIONALLLY, 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 THE C.F.O. THIS PROCESS ORDINARILY OCCURS EVERY YEAR FOR THE C.O.O. AND THE C.F.O, AND WAS LAST UNDERTAKEN FOR THE 2010-2011 FISCAL YEAR. A FLAT, SCHOOL WIDE PAY INCREASE FOR ALL EMPLOYEES IN 2011-2012 AND A SCHOOL WIDE PAY FREEZE FOR ALL EMPLOYESS IN 2012-2013 OBVIATED THE NEED FOR THIS REVIEW FOR THOSE YEARS. THIS PROCESS LAST OCCURED FIVE YEARS AGO FOR THE HEADMASTER, AS HE IS UNDER A FIVE YEAR CONTRACT. 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. BUSINESS TRANSACTIONS WITH A TRUSTEE/OFFICER PART IV QUESTION 28(C) 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. OTHER COMPENSATION-JAMES ASTMAN SCHEDULE J PART II, COLUMN B(III) THE $87,500 OF OTHER COMPENSATION REPORTED FOR JAMES ASTMAN IN SCHEDULE J, PART II, COLUMN B (III) REPRESENTS THE AMOUNT OF HIS 2012 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. OTHER BENEFIT-FORGIVENESS OF DEBT 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 $4,260 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30,2012. THIS $64,260 IS SHOWN ON JAMES ASTMAN'S 2012 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 58250 486889