2012-07-02T20:02:18-05:00 2011-08-31 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2010-09-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 EDWARD VICTOR 3108400500 2012-06-28 1 ALAN HARRISON 6267933600 2012-06-28 2010 2016-02-24 21:20:13Z BESS ARMSTRONG FIEDLER 3939 LANDMARK ST CULVER CITY CA 90232 6416331 0 X WWW.PARKCENTURYSCHOOL.ORG X 1968 CA TO MEET THE EDUCATIONAL, EMOTIONAL AND SOCIAL NEEDS OF LEARNING DISABLED STUDENTS. 20 19 64 10 0 0 570838 1236139 4290668 4742629 41149 37927 124072 310029 5026727 6326724 226500 205200 0 0 3377018 3752504 4843 0 146991 2586219 2412827 6194580 6370531 -1167853 -43807 24644107 24632161 14794286 14710825 9849821 9921336 X PARK CENTURY SCHOOL WAS FOUNDED IN 1968 AS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL DAY SCHOOL TO MEET THE NEEDS OF CHILDREN WITH LEARNING DISABILITIES. IT SERVES A DIVERSITY OF STUDENTS, AGES 7 TO 14, OF AVERAGE TO SUPERIOR INTELLECTUAL POTENTIAL, IN AN OPTIMAL EDUCATIONAL ENVIRONMENT, WHILE PROVIDING A DEVELOPMENTAL AND THERAPEUTIC SUPPORT SYSTEM FOR THE WHOLE CHILD. THE GUIDING PHILOSOPHY OF PARK CENTURY SCHOOL IS BASED ON THE CONVICTION THAT LEARNING DISABILITIES ARE LIFE-LONG CHALLENGES THAT AFFECT THE TOTAL EXISTENCE OF A CHILD AND FAMILY. ALL CHILDREN WITH LEARNING DISABILITIES NEED EDUCATIONAL, EMOTIONAL, AND SOCIAL ASSISTANCE. MANY ALSO MUST HAVE HELP WITH ATTENTION, ORGANIZATION, MEMORY, LANGUAGE, AND PERCEPTUAL-MOTOR FUNCTION. SIMULTANEOUSLY, THEIR FAMILIES MAY BE OVERWHELMED AND EXHAUSTED BY PSYCHOLOGICAL STRESS, ECONOMIC BURDENS, AND CONFUSION ABOUT THE FUTURE. THESE CONDITIONS REQUIRE A BROAD SPECTRUM OF THERAPEUTIC AND EDUCATIONAL INTERVENTIONS. 0 0 4058648 205200 4742629 THE PARK CENTURY ACADEMIC PROGRAM IS TAUGHT IN ONE-TO-ONE TUTORIAL SESSIONS AND IN SMALL, UNGRADED CLASSROOMS. ONE-TO-ONE INSTRUCTION IN READING AND MATHEMATICS IS PROVIDED. SUBJECT AREAS SUCH AS SOCIAL STUDIES AND SCIENCE ARE PRESENTED WITHIN SMALL GROUPS. WRITTEN AND ORAL EXPRESSION ARE TAUGHT INDIVIDUALLY. INTEGRAL PARTS OF THE PROGRAM ARE COMPUTER AND STUDY SKILLS, PHYSICAL EDUCATION AND PERCEPTUAL MOTOR SKILLS, ARTS AND ENRICHMENT, AND, IF NECESSARY, SPEECH AND LANGUAGE THERAPY.STUDENTS ARE HELPED TO DEVELOP A POSITIVE SELF IMAGE, SET REALISTIC GOALS AND LEARN SKILLS AND STRATEGIES NECESSARY TO RETURN TO A TRADITIONAL SCHOOL. PARENT EDUCATION AND PARTICIPATION WITHIN A TEAM APPROACH ARE ESSENTIAL TO EACH STUDENT'S INTELLECTUAL, EMOTIONAL, SOCIAL AND MORAL DEVELOPMENT.THE SCHOOL IS CERTIFIED BY THE STATE OF CALIFORNIA AND A MEMBER OF THE CALIFORNIA ASSOCIATION OF PRIVATE SPECIAL EDUCATION SCHOOLS. 4058648 1 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 64 1 0 0 0 0 0 1 1 0 0 0 0 0 X 20 19 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X X FREDERICK LANDAU 3108400500 3939 LANDMARK ST CULVER CITY CA 90232 MICHAEL BRYANT MD 1.00 X 0 0 0 DEBBIE CHERNOFF 1.00 X 0 0 0 SHEILA COHN 1.00 X 0 0 0 SARAH EMANUEL 1.00 X 0 0 0 BESS ARMSTRONG FIEDLER 1.00 X X 0 0 0 FLAXIE R FLETCHER MD 1.00 X 0 0 0 HELEN HARTUNG 1.00 X 0 0 0 PAUL JENNINGS 1.00 X 0 0 0 RABBI STEVEN Z LEDER 1.00 X 0 0 0 TIM MASON 1.00 X 0 0 0 SANDRA RABINS MATHERN 1.00 X 0 0 0 PATRICIA M MCDONOUGH PHD 1.00 X 0 0 0 JEFFREY MIRKIN 1.00 X 0 0 0 RICHARD NEWMAN JR 1.00 X 0 0 0 KENNETH H SALKIN 1.00 X 0 0 0 JERRY M SIMMONS ESQ 1.00 X X 0 0 0 PHYLLIS G THOMAS 1.00 X 0 0 0 STEPHEN THOMAS ESQ 1.00 X X 0 0 0 RAE SANCHINI TOBEY 1.00 X 0 0 0 EDWARD G VICTOR ESQ 1.00 X X 0 0 0 GENNY SHAIN 40.00 X 84015 0 68813 GAIL SPINDLER 40.00 X 121007 0 47260 FREDERICK LANDAU 40.00 X 79376 0 18175 NANCY BLEY 40.00 X 101362 0 70030 385760 0 204278 2 0 1 0 0 40400 1195739 1236139 TUITION AND FEES 611710 4742629 4742629 4742629 37927 37927 258258 40400 89607 168651 168651 OTHER INCOME 611710 141378 141378 141378 6326724 4742629 0 347956 205200 205200 331356 125292 206064 2521550 2026734 401974 92842 161866 96832 65034 506380 394825 111555 231352 180385 50967 22270 22270 355868 136128 219740 4922 2461 2461 185505 154198 31307 216643 55387 161256 417834 417834 708486 566789 141697 54370 12075 42295 BOND COMMISSIONS & FEES 144606 144606 EXPANSION EXPENSE 121211 60605 60606 BAD DEBT EXPENSE 60797 60797 FUNDRAISING EXPENSES 43540 43540 REPAIRS AND MAINTENANCE 27350 21880 5470 49425 22318 18959 8148 6370531 4058648 2164892 146991 300 300 4629613 5695109 1101928 492854 77019 37633 30384 84749 18737501 1993274 17389131 16744227 649832 799718 0 765900 777571 24644107 24632161 258394 245003 1973754 1966821 10000000 10000000 2562138 2499001 14794286 14710825 X 7960687 7980479 1751314 1786537 137820 154320 9849821 9921336 24644107 24632161 X -43807 115322 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 168425 20000 2715 8373 182767 165381 5044 2000 168425 145524 21300 1658 3101 165381 0.84440 0.15560 0 0 4050000 4050000 13654163 1365416 12288747 792242 532064 260178 241096 95794 145302 16744227 DEFERRED COMPENSATION LIABILITY 255141 INTEREST RATE SWAP 2243860 2499001 6326724 6370531 -43807 12897 102425 115322 71515 6224028 12897 -205200 -192303 6416331 -89607 -89607 6326724 6254938 89607 89607 6165331 205200 205200 6370531 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: FACULTY DEVELOPMENT AND FINANCIAL AID. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUATION OF INTEREST RATE SWAP 102,425. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -205,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE -89,607. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 89,607. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 205,200. 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 PARK CENTURY SCHOOL PUBLISHED ITS RACIALLY NON-DISCRIMINATORY POLICY IN NEWSPAPER MEDIA, IN ADDITION TO PRINTING IT ON BROCHURES, APPLICATIONS FORMS, AND SCHOLARSHIP APPLICATION FORMS GIVEN TO POTENTIAL NEW STUDENTS. SPRING BENEFIT 274743 40400 234343 77303 CARNIVAL 23915 23915 12304 298658 40400 258258 89607 89607 168651 1 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS 7 205200 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS ARE GRANTED TO STUDENTS BASED ON FINANCIAL NEED AS DETERMINED BY THE BOARD OF TRUSTEES' FINANCIAL AID COMMITTEE. SCHOLARSHIPS ARE AWARDED ON A RACIALLY NON-DISCRIMINATORY BASIS. X X X 0 0 0 0 0 0 0 0 0 GENNY SHAIN 84015 0 0 0 0 0 17500 0 51313 0 152828 0 0 0 GAIL SPINDLER 121007 0 0 0 0 0 17500 0 29760 0 168267 0 0 0 NANCY BLEY 101362 0 0 0 0 0 0 0 70030 0 171392 0 0 0 CA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 521598225 1309115Y2 2007-09-27 10000000 SEE PART V 0 0 0 10000000 296615 9703385 2009 0 0 1 1 0 0 0 0 0 1 0 1 1 BANK OF AMERICA 24.000000000000 0 0 0 0 0 REBECCA CHERNOFF DAUGHTER OF TRUSTEE 44000 SALARY REBECCA CHERNOFF IS A SALARIED TEACHER AT THE SCHOOL AND THE DAUGHTER OF A TRUSTEE. 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD TRUSTEES STEPHEN THOMAS AND PHYLLIS THOMAS ARE RELATED AS BROTHER-IN-LAW AND SISTER-IN-LAW. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL REVISED ITS BY-LAWS IN MAY 2011 TO MODIFY THE AUTHORITY AND COMPOSITION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE SCHOOL'S FORM 990 WAS PREPARED BY PROFESSIONAL, INDEPENDENT ACCOUNTANTS. THE BOARD OF TRUSTEES DELEGATED THE REVIEW OF THE DRAFT FORM 990 TO THE AUDIT COMMITTEE, THE MEMBERSHIP OF WHICH INCLUDES NON-TRUSTEES WITH PROFESSIONAL EXPERTISE IN ACCOUNTING AND FEDERAL TAX LAW. BEFORE THE SCHOOL SUBMITTED THE FORM 990 TO THE IRS, THE AUDIT COMMITTEE REVIEWED THE DRAFT FORM 990 AND REPORTED TO THE BOARD OF TRUSTEES THAT THE AUDIT COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE DRAFT FORM 990 WAS COMPLETE, ACCURATE AND CORRECT. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE AND KEY EMPLOYEE IS ANNUALLY REQUIRED TO COMPLETE A QUESTIONNAIRE REGARDING ACTUAL AND POTENTIAL CONFLICTS OF INTEREST, AND THE COMMITTEE ON TRUSTEES OF THE BOARD REVIEWS THESE QUESTIONNAIRES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AND ALSO AVAILABLE ON THE PUBLIC WEBSITE WWW.GUIDESTAR.ORG. THE SCHOOL IS EXEMPT FROM SUPPLYING ITS FORM 1023 TO ANYONE REQUESTING THIS DOCUMENT BECAUSE IT FILED ITS FORM 1023 BEFORE JULY 15, 1987 AND DID NOT RETAIN A COPY OF THE FORM. ACCORDING TO THE INSTRUCTIONS FROM THE IRS WEBSITE, AN ORGANIZATION THAT FILED ITS FORM 1023 APPLICATION BEFORE JULY 15, 1987, IS REQUIRED TO MAKE THE APPLICATION AVAILABLE ONLY IF IT HAD A COPY OF THE APPLICATION ON JULY 15, 1987. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15: THE COMPENSATION FOR KEY EMPLOYEES AND MANAGEMENT IS DETERMINED ANNUALLY BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AS PART OF THE PREPARATION OF THE ANNUAL BUDGET. COMPARATIVE SALARY DATA IS OBTAINED BY MEMBERS OF THE COMMITTEE AND BOARD WHO CONTACT OTHER SCHOOLS AND PERFORM OTHER SURVEYS. THE COMPENSATION DECISIONS ARE DOCUMENTED IN THE FINANCE COMMITTEE MEETING MINUTES. THE SCHOOL IS IN THE PROCESS OF PROVIDING WRITTEN EMPLOYMENT CONTRACTS FOR ITS EXECUTIVES. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,897. CHANGE IN VALUATION OF INTEREST RATE SWAP 102,425. TOTAL TO FORM 990, PART XI, LINE 5: 115,322. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.