2013-01-24T18:14:04-06:00 2012-06-30 201567623 SKMC LLP 11845 W OLYMPIC BLVD SUITE 900 LOS ANGELES CA 900645086 990 2011-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 ELLIOT SPOKANE 8187323050 2013-01-17 1 STANLEY F SHIMOHARA CPA P00198926 3104776161 2013-01-17 2011 2016-03-07 17:11:31Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 27846785 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 26 204 150 0 0 4848808 2323520 23399387 24425662 588126 645744 333929 213112 29170250 27608038 2313789 2312588 0 0 16440295 15268858 0 0 0 7991232 8399068 26745316 25980514 2424934 1627524 54943020 56038938 10722057 10459473 44220963 45579465 NONE 0 0 15618066 2312588 24425662 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. 15618066 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 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 95 0 1 204 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 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 JASON ALEXANDER 0.00 X 0 0 0 STEPHEN BRAY 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 ALBERT LITEWKA 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 JAMES AASTMAN PHD 40.00 X 412458 0 29415 SAMUEL H ANKER 40.00 X 220227 0 26478 ELLIOT H SPOKANE 40.00 X 216962 0 42090 MARGO LONG 40.00 X 172902 0 24733 MICHAEL MANCINI 40.00 X 161962 0 23351 NANCY GOLDBERG 40.00 X 123587 0 33240 ERIC WALTER 40.00 X 137311 0 30494 ERIC LEE 40.00 X 123587 0 7822 1568996 0 217623 17 0 1 0 GANZ & GORSLINE 12301 WILSHIRE BLVD STE 500 LOS ANGELES CA 90025 PAYMENTS PER AGREEMENT 225000 TONI JARAMILLA A PROFESSIONAL LAW CORPO 10100 SANTA MONICA BLVD STE 300 LOS ANGELES CA 90067 PAYMENTS PER AGREEMENT 120000 2 460144 1863376 18253 2323520 TUITION & FEES 611600 24425662 24425662 24425662 645692 645692 29795 29743 52 52 52 125960 460144 209004 -83044 -83044 AFTER SCHOOL PROGRAMS 900099 160099 160099 OTHER REVENUE 900099 77683 77683 INCIDENTAL NET RENTAL 532000 58374 58374 296156 27608038 24425662 0 858856 X 2312588 2312588 888552 888552 10762989 8133480 2629509 715139 485754 229385 2067003 1567906 499097 835175 618305 216870 28700 28700 65900 65900 242690 242690 134770 134770 58402 58402 96600 96600 22216 22216 236720 236720 1748978 1748978 239724 239724 FACILITY EXPENSES 1318469 1318469 TRIPS & EXCURSIONS 722341 722341 EDUCATIONAL CLASSES 392670 392670 SECURITY 367188 367188 2723700 1385022 1338678 25980514 15618066 10362448 0 400 475 4163505 564979 1370931 1000235 21135 6767 120000 60000 11296 10802 14083 33799 40029288 11371787 28557163 28657501 20079692 25024885 0 604815 679495 54943020 56038938 2840121 2928747 2235155 2400317 335507 324155 5311274 4806254 10722057 10459473 X 38137121 40612381 3960027 2750233 2123815 2216851 44220963 45579465 54943020 56038938 X 1627524 -269022 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.65250 0.15510 0.19240 0 0 11629669 11629669 25521824 9892999 15628825 2859745 1478788 1380957 18050 18050 28657501 INVESTMENT IN MUTUAL FUNDS AND BONDS 25024885 F 25024885 RESERVE FOR SELF INSURANCE 50000 LINES OF CREDIT 4756254 4806254 27608038 25980514 1627524 -269022 -269022 1358502 27339016 -269022 -269022 27608038 0 27608038 25980514 0 25980514 0 25980514 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 564094 460144 103950 193955 CLASSES 22010 0 22010 15049 586104 460144 125960 209004 209004 -83044 1 FINANCIAL AID 124 2312588 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 324958 0 0 0 87500 0 0 0 31410 0 443868 0 0 0 SAMUEL H ANKER 220227 0 0 0 0 0 0 0 26478 0 246705 0 0 0 ELLIOT H SPOKANE 216962 0 0 0 0 0 0 0 44671 0 261633 0 0 0 MARGO LONG 172902 0 0 0 0 0 0 0 26251 0 199153 0 0 0 MICHAEL MANCINI 161962 0 0 0 0 0 0 0 25422 0 187384 0 0 0 NANCY GOLDBERG 123587 0 0 0 0 0 0 0 34861 0 158448 0 0 0 ERIC WALTER 137311 0 0 0 0 0 0 0 39453 0 176764 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 HOME IMPROVEMENT X 300000 60000 0 1 1 60000 MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 90179 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, 2012 $60,000 OF PRINCIPAL, AND $4,260 OF INTEREST WERE ADDITIONALLY FORGIVEN. THE $64,260 WHICH WAS FORGIVEN WILL BE INCLUDED ON JAMES A. ASTMAN'S 2012 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. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD'S AUDIT COMMITTEE MET AND REVIEWED THE FORM 990 PRIOR TO THE JANUARY 16, 2013 BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE JANUARY 16, 2013 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 2009-2010 FISCAL YEAR. A FLAT, SCHOOL WIDE PAY INCREASE FOR ALL EMPLOYEES IN 2010-2011 AND A SCHOOL WIDE PAY FREEZE FOR ALL EMPLOYESS IN 2011-2012 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. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24E TUITION REMISSION: PROGRAM SERVICE EXPENSES 351,658. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 351,658. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 166,783. MANAGEMENT AND GENERAL EXPENSES 180,616. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 347,399. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 315,046. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 315,046. INFORMATION SYSTEMS & WEBSITE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 292,089. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 292,089. GANZ & GORSLINE-PER AGREEMENT: PROGRAM SERVICE EXPENSES 225,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,000. AUXILIARY SERVICES: PROGRAM SERVICE EXPENSES 193,121. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 193,121. PUBLICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 135,361. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,361. TAXES & LICENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 122,564. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,564. TONI JARAMILLA,A PROFESSIONAL LAW CORP-PER AGREEMENT: PROGRAM SERVICE EXPENSES 120,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 120,000. PPRRSM: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 106,092. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 106,092. K-6 CURRICULUM: PROGRAM SERVICE EXPENSES 81,430. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,430. RECRUITMENT: PROGRAM SERVICE EXPENSES 78,756. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,756. PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 62,820. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,820. LIBRARY OPERATIONS/BOOKS: PROGRAM SERVICE EXPENSES 61,087. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,087. ADMISSION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,162. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,162. STUDENT ACTIVITIES: PROGRAM SERVICE EXPENSES 38,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,679. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 35,017. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,017. COLLEGE COUNSELING: PROGRAM SERVICE EXPENSES 34,976. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,976. TESTING: PROGRAM SERVICE EXPENSES 33,532. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,532. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,416. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,416. EQUIPMENT MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 22,495. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,495. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -269,022. 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 2011 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 $6,390 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30,2011. THIS $66,390 IS SHOWN ON JAMES ASTMAN'S 2011 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 HELD FOR FUTURE SCHOOL USE-TEMPORARY RENTAL CA 0 27153