2012-04-11T12:25:45-05:00 2011-08-31 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2010-09-01 953512203 CARLTHORP SCHOOL CARL 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY F MENZIES 3104511332 2012-04-09 1 ALAN HARRISON 6267933600 2012-04-09 2010 2016-02-24 21:20:13Z DOROTHY F MENZIES 438 SAN VICENTE BLVD SANTA MONICA CA 90402 7553136 0 X HTTP://WWW.CARLTHORP.ORG/ X 1939 CA INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. 13 12 92 350 0 0 658835 924327 6031262 6219642 351413 351608 365821 -36286 7407331 7459291 231656 343798 0 0 5498739 5921197 0 0 375439 1519252 1551501 7249647 7816496 157684 -357205 27212285 28251446 5189288 5390947 22022997 22860499 X CARLTHORP SCHOOL IS AN INDEPENDENT, NON-PROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. CARLTHORP SCHOOL PROVIDES A STRONG ACADEMIC FOUNDATION IN A SCHOOL COMMUNITY THAT EMPHASIZES TRADITIONAL VALUES AND EXCELLENCE IN ORDER TO PREPARE ITS CHILDREN TO ACHIEVE THEIR HIGHEST POTENTIAL.CARLTHORP SCHOOL, ESTABLISHED IN 1939, IS THE OLDEST INDEPENDENT SCHOOL IN SANTA MONICA. THOUGH THE BREADTH OF OUR CURRICULUM HAS RADICALLY EXPANDED IN THE LAST SEVENTY-ONE YEARS, OUR BASIC PHILOSOPHY REMAINS THE SAME. WE FOCUS ON THE CHILD AS A WHOLE, HELPING HIM OR HER TO GROW ACADEMICALLY, SOCIALLY, AND ETHICALLY -- ALL WITHIN THE FRAMEWORK OF A TRADITIONALLY ACADEMIC SCHOOL. 0 0 6259506 343798 6219642 CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP SCHOOL RECEIVED THE NO CHILD LEFT BEHIND NATIONAL BLUE RIBBON OF EXCELLENCE AWARD. OVER 95% OF CARLTHORP SCHOOL'S GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONAL AND ACADEMICALLY ORIENTED. THOUGH A SOLID ACADEMIC FOUNDATION IN MATH, READING, AND ENGLISH IS STRESSED, THE CURRICULUM IS WELL-ROUNDED. TEACHERS UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES.WITH TWO CLASSES AT EACH GRADE LEVEL LIMITED TO 20 STUDENTS IN EACH CLASS, EACH STUDENT FROM KINDERGARTEN THROUGH SIXTH GRADE RECEIVES INDIVIDUAL ATTENTION. THOROUGHNESS, ACCURACY AND RESPONSIBILITY ARE STRESSED IN ALL SCHOOLWORK, AND SPECIAL ATTENTION IS GIVEN TO NECESSARY PREPARATION FOR ENTRANCE TO PUBLIC AND PRIVATE SECONDARY SCHOOLS. THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS. 6259506 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 7 0 92 1 0 0 0 0 0 1 1 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEN PARR 3104511332 438 SAN VICENTE BLVD SANTA MONICA CA 90402 DOROTHY MENZIES 40.00 X X 681057 0 21357 PETER ADAMSON 1.50 X 0 0 0 AUSTIN BEUTNER 1.50 X 0 0 0 STEPHEN CONTOPULOS 1.50 X 0 0 0 KIRK HARTMAN 1.50 X 0 0 0 ALONZO HILL 1.50 X 0 0 0 DOREEN INGMAN 1.50 X 0 0 0 TIMOTHY J JACKMAN 1.50 X 0 0 0 STEPHEN KAPLAN 1.50 X 0 0 0 HELEN LEVIN 1.50 X 0 0 0 SANGAM PANT 1.50 X 0 0 0 LAURA SHELBY 1.50 X 0 0 0 LILI ZANUCK 1.50 X 0 0 0 KENNETH PARR 40.00 X 101675 0 22388 TIMOTHY KUSSEROW 40.00 X 119430 0 26404 ALLISON SOSTCHEN 40.00 X 143449 0 21608 1045611 0 91757 4 0 1 0 0 387037 537290 924327 TUITION/TUTORING FEES 611710 5991438 5991438 WORKSHOPS AND ACTIVITI 611710 228204 228204 6219642 351608 351608 57496 387037 93845 -36349 -36349 OTHER INCOME 611710 63 63 63 7459291 6219642 0 315322 343798 343798 444044 99709 173679 170656 4309836 3586071 629380 94385 242249 186532 41182 14535 550174 423634 93530 33010 374894 288668 63732 22494 58932 58932 8077 8077 97955 73466 19591 4898 192526 173273 19253 7465 7465 49174 46440 2734 241363 217227 24136 126299 113669 12630 ACTIVITIES AND MERCHAND 215845 215845 REPAIRS AND MAINTENANCE 132507 119256 13251 PROGRAM SERVICE ACTIVIT 125967 125967 CLASSROOM SUPPLIES 124949 124949 LOSS ON PLEDGES 28961 28961 141481 121002 13979 6500 7816496 6259506 1181551 375439 137718 293559 2508131 8205898 1499593 1098461 8287 66669 268911 245580 9199656 2858495 6313052 6341161 16382810 11904959 93783 95159 27212285 28251446 262076 311372 4880957 5028032 46255 51543 5189288 5390947 X 19195167 20568024 1952828 1544210 875002 748265 22022997 22860499 27212285 28251446 X -357205 1194707 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11680369 200100 126737 11753732 14404648 5540949 62139 8327367 11680369 12139465 2731258 -435525 30550 14404648 0.93470 0.06370 0.00160 0 0 2610517 2610517 6179019 2731489 3447530 305158 89368 215790 104962 37638 67324 6341161 DEFERRED INCOME - FIELD TRIPS AND AFTER SCHOOL CLUB 51543 51543 7459291 7816496 -357205 1194707 1194707 837502 8281237 1194707 -372761 821946 7459291 0 7459291 7443735 0 7443735 372761 372761 7816496 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: AT AUGUST 31, 2009, ALL PERMANENTLY RESTRICTED NET ASSETS OF THE SCHOOL WERE THOSE RAISED IN CONNECTION WITH THE A NEW LEVEL OF EXCELLENCE CAPITAL CAMPAIGN. IN MAY 2010, AT THE DIRECTION OF THE BOARD, THE SCHOOL SOLICITED WRITTEN RELEASES OF SUCH RESTRICTIONS FROM EACH DONOR. UPON RECEIPT OF A WRITTEN RELEASE FROM THE DONOR, CONTRIBUTIONS SO RELEASED HAVE BEEN RECLASSIFIED AS UNRESTRICTED FUNDS. HOWEVER, ANY UNPAID PLEDGES SO RELEASED HAVE BEEN CLASSIFIED AS TEMPORARILY RESTRICTED FUNDS UNTIL COLLECTED. IN AUGUST 2011, THE SCHOOL RECLASSIFIED APPROXIMATELY $111,600 OF CONTRIBUTIONS FROM PERMANENTLY RESTRICTED TO UNRESTRICTED OR TEMPORARILY RESTRICTED NET ASSETS BASED ON DONOR RELEASES. AS OF AUGUST 31, 2011, THE SCHOOL CUMMULATIVELY RECLASSIFIED $8,414,600 FROM PERMANENT RESTRICTED NET ASSETS TO UNRESTRICTED NET ASSETS BASED ON DONOR RELEASES. FIVE PERCENT OF THE DONOR-RESTRICTED ENDOWMENT FUNDS RAISED IN CONNECTION WITH THE A NEW LEVEL OF EXCELLENCE CAPITAL CAMPAIGN (TO THE EXTENT THERE ARE NET ACCUMULATED EARNINGS ON SUCH FUNDS) AND FIVE PERCENT OF CARLTHORP SCHOOL'S BOARD-DESIGNATED UNRESTRICTED ENDOWMENT FUNDS MAY BE USED EACH YEAR IN ACCORDANCE WITH THE SCHOOL'S ENDOWMENT INVESTMENT GUIDELINES AND SPENDING POLICIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -343,798. LOSS ON PLEDGES -28,963. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 343,798. LOSS ON PLEDGES 28,963. 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 CARLTHORP SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN THE SANTA MONICA MIRROR DURING ITS REGISTRATION PERIOD. CARLTHORP SCHOOL DOES NOT HAVE A SOLICITATION PROGRAM. SCHOLARSHIP DINNER 426787 387037 39750 33121 52045 CANDY SALES 10490 10490 7933 3 7256 7256 746 444533 387037 57496 33121 60724 93845 -36349 1 FINANCIAL AID 29 343798 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED BY CARLTHORP SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL & STUDENT SERVICES OF NAIS ("SSS"), WHICH FORM IS THEN SUBMITTED TO SSS. SSS THEN MAKES A RECOMMENDATION TO CARLTHORP SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. THIS RECOMMENDATION IS THE MINIMUM AMOUNT OF FINANCIAL AID AWARDED TO EACH APPLICANT. X X X X 0 1 0 0 0 0 0 0 0 DOROTHY MENZIES 237467 0 1500 0 442090 0 12992 0 8365 0 702414 0 0 0 ALLISON SOSTCHEN 135277 0 1000 0 7172 0 7172 0 14436 0 165057 0 0 0 PART I, LINE 4B DOROTHY MENZIES RECEIVED A ONE-TIME PAYMENT OF $421,304 FROM A HEADMISTRESS SPLIT DOLLAR LIFE INSURANCE PLAN. X 2 48488 FAIR VALUE. 0 0 1 THIRD PARTY USE: PART I, LINE 32B: BROKER HIRED TO SELL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 THE HEAD OF SCHOOL IS THE AUNT OF THE DIRECTOR OF FINANCE AND DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF TRUSTEES REVIEWS THE FORM 990 AT A MEETING PRIOR TO THE FILING OF THE FORM 990. THE REVIEW OF THE 990 BY THE BOARD INCLUDES REVIEW OF: PROGRAM SERVICE ACCOMPLISHMENTS; THE FUNCTIONAL EXPENSE SCHEDULE; AND THE EXISTENCE OF A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY, A DOCUMENT RETENTION AND DESTRUCTION POLICY, AND A PROCESS FOR DETERMINING COMPENSATION OF THE HEADMISTRESS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EVERY BOARD MEMBER, OFFICER AND KEY EMPLOYEE IS REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT, WHICH FORMS ARE KEPT ON FILE BY THE DIRECTOR OF FINANCE AND DEVELOPMENT. SUCH FORMS DESCRIBE TYPES OF CONFLICTS OF INTEREST AND REQUIRE DISCLOSURE OF ANY SUCH CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DETERMINES THE COMPENSATION OF THE HEADMISTRESS AT THE LAST BOARD MEETING OF THE YEAR. IN CONNECTION WITH THIS DELIBERATION THE BOARD REVIEWS CAIS INFORMATION REGARDING THE COMPENSATION OF OTHER HEADS OF SCHOOL. OTHER KEY EMPLOYEES ARE REVIEWED BY THE HEADMISTRESS, WITH CAIS COMPENSATION SURVEY INFORMATION AND SUCH REVIEWS ARE DOCUMENTED IN PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL SUCH ITEMS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,194,707. FORM 990, PART XI, LINE 2C: THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.