2013-04-30T15:45:07-05:00 2012-06-30 952242818 VICENTI LLOYD & STUTZMAN LLP 2210 E ROUTE 66 SUITE 100 GLENDORA CA 91740 990 2011-07-01 262997342 PARAMOUNT BARD ACADEMY PARA 6614543000 1942 RANDOLPH ST DELANO CA 93215 WILLIAM D PHILLIMORE 6614543000 2013-04-16 1 WADE MC MULLEN P00541671 6268577300 2011 2016-03-07 17:11:31Z WILLIAM D PHILLIMORE 1942 RANDOLPH ST DELANO CA 93215 5481496 0 X HTTP://WWW.PARAMOUNTBARDACADEMY.COM/ X 2008 CA THE PARAMOUNT BARD ACADEMY IS COMMITTED TO PROVIDING A FULL RANGE OF STUDENTS WITH AN ACADEMICALLY CHALLENGING CURRICULUM, INDIVIDUALLY RESPONSIVE AND FULLY INCLUSIVE IN ITS APPROACH TO TEACHING AND LEARNING, AND DEDICATED TO THE IDEA THAT ALL CHILDREN SHOULD COMPLETE HIGH SCHOOL PREPARED FOR THOUGHTFUL CITIZENSHIP AND READY TO COMPLETE A COLLEGE DEGREE. 4 4 78 25 0 0 3876772 5442297 0 0 309 840 22971 38359 3900052 5481496 0 0 0 0 2251255 3368810 0 0 0 1481813 2128062 3733068 5496872 166984 -15376 1443856 2213079 738345 1522944 705511 690135 PARAMOUNT BARD ACADEMY IS A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION AND IS ORGANIZED TO MANAGE AND OPERATE A PUBLIC CHARTER SCHOOL. THE SCHOOL PROVIDES IMPROVED LEARNING FACILITY FOR CHILDREN IN GRADES 6-12. 0 0 4966010 38359 THE PARAMOUNT BARD ACADEMY PROVIDES AN EXEMPLARY EDUCATION FOR A BROADLY REPRESENTATIVE POPULATION OF STUDENTS FROM DELANO, CALIFORNIA AND SURROUNDING SCHOOL DISTRICTS WITH THE GOALS OF INCREASING THE NUMBER OF STUDENTS WHO COMPLETE A POSTSECONDARY EDUCATION AND CONTRIBUTING TO THE DEVELOPMENT OF STUDENTS AS SELFMOTIVATED, COMPETENT, LIFELONG LEARNERS. 4966010 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 17 0 1 78 1 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 1 0 CA X THE ORGANIZATION 6614543000 1942 RANDOLPH STREET DELANO CA 93215 WILLIAM D PHILLIMORE 1.00 X X 0 0 0 JOHN RITCHIE 1.00 X 0 0 0 ARMANDO VAZQUEZ 1.00 X X 0 0 0 CARLA FINKELSTEIN 1.00 X 0 0 0 JOANNA KENDRICK MIRANDA 40.00 X 70744 0 23558 NAOMI SETTLE 40.00 X 63058 0 20998 133802 0 44556 0 0 0 0 PARAMOUNT EDUCATIONAL LEASING 11444 W OLYMPIC BLVD 10TH FL LOS ANGELES CA 90064 RENT 756668 1 4186682 1255615 5442297 840 840 OTHER LOCAL REVENUE 900099 38359 38359 38359 5481496 38359 0 840 202312 96519 105793 2374681 2205340 169341 174908 162444 12464 564353 524103 40250 52556 48808 3748 3401 3401 13378 13378 90776 90776 2718 2718 19177 19177 861615 861615 19527 3668 15859 18483 18483 2295 2295 19144 19144 OPERATING LEASE 293391 293391 FOOD SUPPLIES 287658 287658 BOOKS AND SUPPLIES 271594 215579 56015 PUPIL TRANSPORTATION 146809 146809 78096 29300 48796 5496872 4966010 530862 0 249494 35206 632018 1158356 1542930 800 38131 1443856 2213079 738345 1522944 738345 1522944 X 705511 690135 705511 690135 1443856 2213079 -15376 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5481496 5496872 -15376 -15376 5481496 0 5481496 0 5481496 5496872 0 5496872 0 5496872 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT (>50%) OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE ACADEMY FILES INFORMATIONAL RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATE OF CALIFORNIA. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS POLICY IN ITS REGISTRATION MATERIALS AND DOCUMENTS USED TO SOLICIT STUDENTS. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 NO RECORDS DOCUMENTING THAT SCHOLARSHIPS AND OTHER FINANCIAL ASSITANCE AWARDED ARE MAINTAINED AS THE SCHOOL PROVIDES NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL IS A PUBLIC CHARTER SCHOOL PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL APPORTIONMENTS. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM PHILLIMORE AND JOHN RITCHIE HAVE A BUSINESS RELATIONSHIP; THEY ARE BOTH EMPLOYED BY PARAMOUNT FARMING COMPANY, AN ENTITY OF WHICH MR. PHILLIMORE IS AN OFFICER. FORM 990, PART VI, SECTION A, LINE 6 THE RESNICK FOUNDATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IS THE SOLE STATUTORY MEMBER OF THIS CORPORATION (THE "STATUTORY MEMBER") AS THE TERM "MEMBER" IS DEFINED IN SECTION 5056 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. THE MEMBERSHIP OF THE STATUTORY MEMBER IN THE CORPORATION IS NOT TRANSFERABLE. FORM 990, PART VI, SECTION A, LINE 7A THE STATUTORY MEMBER (AS DEFINED IN SECTION 5056 OF THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW) HAS THE RIGHT TO ELECT OR APPOINT MEMBERS OF THE BOARD OF DIRECTORS, TO REMOVE MEMBERS OF THE BOARD OF DIRECTORS, TO VOTE ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, TO VOTE ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY AMENDMENT OF THOSE TERMS, AND TO VOTE ON ANY ELECTION TO DISSOLVE THE CORPORATION, AND AS OTHERWISE REQUIRED UNDER THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW AND/OR SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD SHALL NOT, WITHOUT THE PRIOR WRITTEN APPROVAL OF THE STATUTORY MEMBER, AUTHORIZE OR DIRECT ANY OFFICER OF THE CORPORATION TO PERFORM OR COMMIT ANY OF THE FOLLOWING ACTS: A. BORROW MONEY IN THE NAME OF THE CORPORATION FOR CORPORATE PURPOSES IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000) OR UTILIZE PROPERTY (REAL OR PERSONAL) OWNED BY THE CORPORATION AS SECURITY FOR LOANS IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000); B. ASSIGN, TRANSFER, PLEDGE, COMPROMISE OR RELEASE ANY OF THE CLAIMS OF OR DEBTS TO THE CORPORATION IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000) EXCEPT ON PAYMENT IN FULL, OR ARBITRATE OR CONSENT TO THE ARBITRATION OF ANY DISPUTE OR CONTROVERSY OF THE CORPORATION IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000); C. MAKE, EXECUTE OR DELIVER ANY ASSIGNMENT FOR THE BENEFIT OF CREDITORS, OR ANY BOND, CONFESSION OF JUDGMENT, CHATTEL MORTGAGE, SECURITY AGREEMENT, DEED, GUARANTY, INDEMNITY BOND, SURETY BOND, OR CONTRACT TO SELL OR BILL OF SALE OF THE PROPERTY OF THE CORPORATION IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000); D. ACQUIRE, PURCHASE, DEVELOP, IMPROVE, SELL, LEASE OR MORTGAGE ANY CORPORATE REAL ESTATE OR ANY INTEREST THEREIN OR ENTER INTO ANY CONTRACT FOR ANY SUCH PURPOSES IN EXCESS OF TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($250,000); E. MAKE ANY LOAN OR INVESTMENT OF ANY ASSETS OF THE CORPORATION, OR ENTER INTO ANY CONTRACT OR INCUR ANY LIABILITIES ON BEHALF OF THE CORPORATION OTHER THAN FOR FAIR CONSIDERATION OR IN THE ORDINARY COURSE OF BUSINESS RELATING TO ITS NORMAL DAILY OPERATION; F. MAKE ANY LOAN OF MONEY OR PROPERTY TO OR GUARANTEE THE OBLIGATION OF ANY DIRECTOR OR OFFICER, EXCEPT AS IS EXPRESSLY PERMITTED UNDER SECTION 5236 OF THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW. G. APPROVE THE SALE, LEASE, CONVEYANCE, EXCHANGE, TRANSFER, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION; H. APPROVE THE PRINCIPAL TERMS OF A MERGER OF THE CORPORATION WITH ANOTHER ORGANIZATION; I. APPROVE THE FILING OF A PETITION FOR THE INVOLUNTARY DISSOLUTION OF THE CORPORATION IF STATUTORY GROUNDS FOR SUCH A DISSOLUTION EXIST; J. APPROVE THE VOLUNTARY DISSOLUTION OF THE CORPORATION OR THE REVOCATION OF SUCH AN ELECTION TO DISSOLVE IT; K. APPROVE, REPEAL OR AMEND THE BYLAWS; OR L. APPOINT OR REMOVE ANY MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURN PREPRARER EMAILS A DRAFT TO THE CFO, WHICH REVIEWS THE DRAFT WITH ALL BOARD MEMBERS PRIOR TO FILING. IF CHANGES ARE MADE TO THE DRAFT, THEN A FINAL COPY IS FORWARDED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE STATEMENT WHICH INCLUDES AN ACKNOWLEDGMENT OF HAVING READ AND HAVING AGREED TO ABIDE BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES IS DETERMINED BY COMPARING SIMILAR POSITION COMPENSATION PACKAGES FROM THE REGION, THERE IS CONSIDERATION OF EDUCATION AND EXPERIENCE AND THEN ALIGNMENT WITH WHAT BENEFITS PARAMOUNT BARD ACADEMY OFFERS. A COMPENSATION PACKAGE IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL PROVIDES A COPY OF THE 990 TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SEE PART VII CA RESNICK FOUNDATION - SEE PART VII- 11444 W OLYMPIC BLVD LOS ANGELES CA 90064 954658095 PRIVATE GRANTMAKING FOUNDATION CA 501(C)(3) PF N/A 0 SEE PART VII CA 0 0 SEE PART VII CA 0 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 SEE PART VII DIRECTORS OF THE RESNICK FOUNDATION CONTROL OVER 125 BROTHER/SISTER COMPANIES WITHIN THE MEANING OF THE INSTRUCTIONS. A DETAILED LISTING IS AVAILABLE UPON REQUEST. NONE OF THE BROTHER/SISTER COMPANIES COMPENSATE MR. PHILLIMORE OR MR. RICHIE FOR THEIR RESPECTIVE TIME SPENT ON PARAMOUNT BARD ACADEMY MATTERS. SPECIFIC COMPANIES UNDER CONTROL, WHICH HAVE CERTAIN TRANSACTIONS WITH PARAMOUNT BARD ACADEMY ARE: PARAMOUNT FARMING COMPANY LLC - REIMBURSEMENT OF EXPENDITURES PARAMOUNT EDUCATIONAL LEASING - FACILITY AND EQUIPMENT LEASE