2012-05-15T17:46:10-05:00 2011-06-30 WINDES & MCCLAUGHRY ACCT CORP PO BOX 87 LONG BEACH CA 908010087 990 2010-07-01 950615438 ROESSLER-CHADWICK FOUNDATION CHADWICK SCHOOL ROES 3103771543 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 TROY GRANDE 3103771543 2012-05-14 1 DONITA M JOSEPH 5624351191 2010 2016-02-24 21:20:13Z TROY GRANDE 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 59951855 0 X WWW.CHADWICKSCHOOL.ORG X 1962 CA TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. 22 20 430 350 0 0 3294025 14257386 21727782 30649148 202326 737590 271518 324990 25495651 45969114 3229442 3551186 0 0 15184909 23152158 0 0 627943 7010088 13851676 25424439 40555020 71212 5414094 61083255 75922964 26058368 33076354 35024887 42846610 X CHADWICK, A K-12 SCHOOL, IS DEDICATED TO ACADEMIC EXCELLENCE AND TO THE DEVELOPMENT OF SELF-CONFIDENT INDIVIDUALS OF EXEMPLARY CHARACTER. 1 0 25574547 3551186 27910749 TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. THIS SERVICE BENEFITS APPROXIMATELY 858 CHILDREN, SCHOLARSHIPS ARE PROVIDED FOR CHILDREN DEPENDING UPON VARIOUS FACTORS. 524900 882610 SUMMER PROGRAMS ARE OFFERED EVERY YEAR FOR 5 WEEKS FROM JUNE TO JULY FOR KIDS AGES 4-14. PROGRAMS ARE OFFERED COVERING AREAS LIKE ACADEMIC ENRICHMENT, ARTISTIC INSPIRATION, ATHLETIC INSTRUCTION, AND A FUN DAYCAMP EXPERIENCE. ALSO OFFERS A BUS SERVICE. 274264 789000 ESOL (ENGLISH FOR SPEAKERS OF OTHER LANGUAGE) 586870 517063 A DINING PROGRAM IS OFFERED TO STUDENTS FROM KINDERGARTEN THROUGH GRADE 12 THAT OFFERS A WIDE VARIETY OF HEALTHY, DELICIOUS AND CONVENIENT FOOD OPTIONS. THE DINING PROGRAM OFFERS BREAKFAST FOR THE OLDER STUDENTS AND LUNCH FOR ALL STUDENTS. 332053 422731 OTHER PROGRAM SERVICES INCLUDE AN OUTDOOR EDUCATION PROGRAM THAT IS A MANDATORY PROGRAM FOR STUDENTS FROM GRADES 7 THROUGH 12. ITS PURPOSE IS TIED CLOSELY TO THE SCHOOL'S MISSION WHICH IS TO DEVELOP "SELF CONFIDENT INDIVIDUALS OF EXEMPLARY CHARACTER." ALSO INCLUDED IS INCOME FROM THE SALES OF THE SCHOOL YEARBOOK. 78838 81588 MUSICAL INSTRUMENT PROGRAM 29079 45407 KOREAN DEGREE CERTIFICATION PROGRAM 1026840 1066789 27400551 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 1 55 0 1 430 1 0 0 0 0 0 1 1 0 0 0 0 X 22 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X TROY GRANDE 3103771543 26800 ACADEMY DR PALOS VERDES CA 90274 RICHARD K LEARNED 2.00 X X 0 0 0 MICHAEL S LEBOVITZ 2.00 X X 0 0 0 JOSEPH C BERENATO 2.00 X X 0 0 0 LINDA M CALHOUN 2.00 X 0 0 0 MARKHAM B CAMPAIGNE 2.00 X 0 0 0 DANIEL B CASTRO 2.00 X 0 0 0 JOSEPH H CHADWICK 2.00 X 0 0 0 WILLIAM V DAVIDSON 2.00 X 0 0 0 ANGELA LEWIS HOULE 2.00 X 0 0 0 JIHEE K HUH 2.00 X 0 0 0 CHRISTOPHER J HUTCHISON 2.00 X 0 0 0 RUTH B MACFARLANE 2.00 X 0 0 0 JOHN M MIGUELEZ 2.00 X 0 0 0 TODD MIHM 2.00 X 0 0 0 HEIDI LIPMAN MONACO 2.00 X 0 0 0 JASON M MOSKOWITZ 2.00 X 0 0 0 JOHN NENDICK 2.00 X 0 0 0 ROBERT B ROESSLER 2.00 X 0 0 0 KIMBERLY STONE 2.00 X 0 0 0 MICHAEL P TRAPANI 2.00 X 0 0 0 PAUL C WESTHEAD 2.00 X X 0 0 0 FREDERICK T HILL 40.00 X X 275622 0 103898 TROY GRANDE 40.00 X 133865 0 73263 DICK WARMINGTON 40.00 X 353257 0 254079 SUNHOO CHUNG 40.00 X 161944 0 83248 JAMES THOMPSON LAST DAY 71410 40.00 X 207097 0 0 JEFF MERCER 40.00 X 157658 0 66660 JORGE NELSON 40.00 X 119281 0 158544 UNNA HUH 40.00 X 136146 0 119397 WYATT CAMERON 40.00 X 130590 0 2519 MARK WIEDEMANN 40.00 X 124416 0 26951 PAM MCCOMAS 40.00 X 123000 0 12913 PAUL CHO 40.00 X 121105 0 2470 ROLLIE JOHNSON 40.00 X 114048 0 19102 1902602 0 645103 13 0 1 0 DAVIS WRIGHT TREMAINE 1201 3RD AVE SEATTLE WA 98101 LEGAL 121781 17 331478 39000 13886908 32949 14257386 TUITION AND FEES 900099 28826744 28826744 AUXILIARY PROGRAMS 900099 882610 882610 CAFETERIA INCOME 900099 517063 517063 OUTDOOR EDUCATION 900099 377386 377386 YEARBOOK INCOME 900099 45345 45345 30649148 655104 655104 277830 82572 195258 195258 195258 13765106 13682620 82486 82486 82486 217549 331478 217549 0 MISCELLANEOUS 900099 129732 129732 129732 45969114 30649148 0 1062580 3300456 3300456 250730 250730 2658218 1594931 1063287 17305308 11113533 5828019 363756 1006897 645544 339269 22084 1247063 857083 346334 43646 934672 637246 271215 26211 191262 191262 80349 80349 651613 651613 40195 40195 439317 38104 401213 4198824 3409591 789233 833253 510382 322871 291902 291902 382301 382301 1158745 925772 232973 453433 453433 INSTRUCTIONAL 2276595 2276595 STUDENT SUPPORT 1100411 1100411 SUMMER PROGRAMS 535848 535848 EDUCATION 369239 164130 205109 COMMUNICATION 234897 234897 613492 441246 172246 40555020 27400551 12526526 627943 750 750 25070417 25281064 472922 202572 154073 216954 465932 1040967 33691489 12511563 21358334 21179926 11739754 23796175 1821073 4204556 61083255 75922964 2202405 4126443 16609372 21821642 7180000 7000000 66591 128269 26058368 33076354 X 28524419 31795042 6146768 10694258 353700 357310 35024887 42846610 61083255 75922964 X 5414094 2407630 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15254578 2389688 2023644 831475 18836435 14880929 44444 979112 649907 15254578 21751870 253199 -6783713 340427 14880929 0.70070 0.01900 0.28030 0 0 2266053 2266053 26392503 8664115 17728388 933362 520272 413090 4095571 3327176 768395 4000 4000 21179926 BOND ISSUE COST, NET 276467 CONTRIBUTION RECEIVABLE FROM CHARITABLE TRUST 141371 DEPOSIT 3717902 ASSETS HELD FOR SALE 68816 4204556 OTHER LIABILITIES 128269 128269 45969114 40555020 5414094 2407630 2407630 7821724 48533542 2407630 156798 2564428 45969114 0 45969114 40676592 121571 121571 40555021 0 40555021 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT SCHOLARSHIPS. THEY ARE REINVESTED FOR FUTURE EARNINGS AND EXPENDITURES IN ORDER TO MAINTAIN OR ENHANCE THE PURCHASING POWER OF THE ENDOWMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS STRUCTURED AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE SCHOOL IS EXEMPT FROM INCOME TAXES, DOMESTIC AND FOREIGN, RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS. THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITIES WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE SCHOOL IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHADWICK SCHOLARSHIP FOUNDATION - INTEREST INCOME 11,525. CHADWICK SCHOLARSHIP FOUNDATION - UNREALIZED GAINS 45,671. CHADWICK SCHOLARSHIP FOUNDATION - REALIZED GAINS 17,030. RENTAL EXPENSE 82,572. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHADWICK SCHOLARSHIP FOUNDATION - GRANT EXPENSES 38,999. RENTAL EXPENSE 82,572. EXCESS OR DEFICIT FOR THE YEAR PER THE AUDITED FINANCIAL STATEMENTS REPORTED ON PART XI, LINE 10 ONLY TAKES INTO ACCOUNT THE CHANGE IN NET ASSETS FOR THE ROESSLER-CHADWICK FOUNDATION. THE AMOUNTS REPORTED ON LINE 1 OF PARTS XII AND XIII ARE FOR THE CONSOLIDATED FINANCIAL STATEMENTS AND INCLUDE THE REVENUE AND EXPENSES FOR THE CHADWICK SCHOLARSHIP FOUNDATION. THE NET GAIN OF THE CHADWICK SCHOLARSHIP FOUNDATION WAS $35,227. 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 NEWSPAPER, BROCHURES, AND BULLETINS 1 EAST ASIA AND THE PACIFIC 1 69 KINDERGARTEN THROUGH 12TH GRADE INTERNATIONAL SCHOOL OPERATION OF A ELEMENTARY, MIDDLE AND HIGH SCHOOL 13548929 1 69 0 0 1 69 13548929 0 13548929 TUITION REMISSIONS/SUBSIDIES EAST ASIA AND THE PACIFIC 16 250730 CASH PAYMENTS 0 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: RECORDS OF ALL ACCOUNTING AND THE USAGE OF FUNDS ARE MAINTAINED IN THE REGION BY THE ACCOUNTING FIRM KPMG. THE SCHOOL HAS A FULL ADMINISTRATIVE SUPPORT STAFF THAT ACCOUNTS FOR ALL EXPENDITURES AND INCOME IN A MANNER CONSISTENT WITH GAAP FIANANCIAL REPORTING. THE SCHOOLS FINANCIAL INFORMATION WILL BE AUDITED ACCORDING TO US GAAP AND CONSOLIDATED WITH THE FINANCIALS FROM CHADWICK SCHOOL. CHADWICK SPRING GALA 336271 211224 125047 95194 29853 GOLF DAY 129855 60258 69597 69597 5 82901 59996 22905 22905 549027 331478 217549 164791 52758 217549 0 1 FACULTY SCHOLARSHIPS 12 192150 FINANCIAL AID 161 3108306 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: STUDENTS WHO RECEIVE SUPPORT THROUGH SCHOLARSHIPS AND FINANCIAL AID HAVE AMOUNTS THAT ARE AWARDED TO THEM CREDITED TO THEIR TUITION ACCOUNTS REDUCING THE AMOUNT PAYABLE. THE FUNDS ARE NOT GIVEN DIRECTLY TO STUDENTS. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 FREDERICK T HILL 200622 0 75000 0 0 0 40104 0 63794 0 379520 0 0 0 TROY GRANDE 133865 0 0 0 0 0 7687 0 65576 0 207128 0 0 0 DICK WARMINGTON 353257 0 0 0 0 0 17531 0 236548 0 607336 0 0 0 SUNHOO CHUNG 161944 0 0 0 0 0 0 0 83248 0 245192 0 0 0 JAMES THOMPSON LAST DAY 71410 207097 0 0 0 0 0 0 0 0 0 207097 0 0 0 JEFF MERCER 157658 0 0 0 0 0 16175 0 50485 0 224318 0 0 0 MARK WIEDEMANN 124416 0 0 0 0 0 14509 0 12442 0 151367 0 0 0 PART I, LINE 1A FREDERICK HILL RESIDES IN A UNIT ON CAMPUS AT NO COST, AS HE IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS JOB DUTIES. CERTAIN SERVICES ARE PROVIDED WITH THE RESIDENCES OF THE CAMPUS, INCLUDING CLEANING AND MAINTENANCE SERVICES. PART I, LINE 4A JAMES THOMPSON RECEIVED SEPARATION PAYMENT IN THE AMOUNT OF $60,000 CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 132774656 130911MB3 2002-07-01 8000000 EDUCATION 0 0 0 2002 0 0 1 1 0 0 0 0 0 1 0 1 0 NA 0 NA 0 FREDERICK HILL HEADMASTER OF THE SCHOOL 51300 SCHOLARSHIPS TO MR. HILL'S CHILDREN TO HELP OFFSET TUITION COSTS TROY GRANDE CFO OF THE SCHOOL 50500 SCHOLARSHIPS TO MR. GRANDE'S CHILDREN TO HELP OFFSET TUITION COSTS JEFF MERCER ASSISTANT HEADMASTER OF THE SCHOOL 37000 SCHOLARSHIPS TO MR. MERCER'S CHILDREN TO HELP OFFSET TUITION COSTS JORGE NELSON HEADMASTER - KOREA DIVISION 28142 SCHOLARSHIPS TO MR. NELSON'S CHILDREN TO HELP OFFSET TUITION COSTS PAUL CHO MUSIC TEACHER - KOREA DIVISION 52284 SCHOLARSHIPS TO MR. CHO'S CHILDREN TO HELP OFFSET TUITION COSTS WYATT CAMERON PE TEACHER - KOREA DIVISION 78426 SCHOLARSHIPS TO MR. CAMERON'S CHILDREN TO HELP OFFSET TUITION COSTS KURT GIBBS BOARD MEMBER AND OWNER OF K.R. GIBBS & ASSOCIATES. 78038 CONSULTING, KURT GIBBS IS THE OWNER OF A COMPANY THAT PROVIDED CONSULTING SERVICES IN REGARDS TO THE INTERNATIONAL SCHOOL THAT WAS OPENED UP IN KOREA IN JULY OF 2010. 0 X 1 836 FAIR MARKET VALUE X SPORTS EQUIPMENT 4 25301 FAIR MARKET VALUE X CAMERAS 2 1840 FAIR MARKET VALUE X NETBOOKS 16 4972 FAIR MARKET VALUE 0 1 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 AS OF JULY 2010, CHADWICK INTERNATIONAL SCHOOL BEGAN OPERATIONS IN INCHEON, SOUTH KOREA. FORM 990, PART VI, SECTION A, LINE 2 H. FREDERICK CHRISTIE IS ON THE BOARD OF DIRECTORS OF DUCOMMUN INC. (DCO) WHERE JOSEPH C. BERENATO IS THE CEO OF DUCOMMUN INC. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE IS PRESENTED A DRAFT OF THE FORM 990 FOR REVIEW. A COPY OF THE FINAL FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW TRUSTEE COMPLETES A "CONFLICT OF INTEREST" QUESTIONNAIRE AND THEN ANNUALLY EACH BOARD MEMBER COMPLETES THE "GOVERNANCE CONFLICT" QUESTIONNAIRE. UPON IDENTIFICATION OF A CONFLICT OF INTEREST, THE CHAIRMAN AND THE BOARD WILL BEST DETERMINE HOW TO PROCEED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE TOTAL COMPENSATION OF THE SCHOOL'S HEADMASTER, CHIEF FINANCIAL OFFICER, AND DIRECTOR OF ADVANCEMENT. EACH YEAR, COMPETITIVE COMPENSATION GUIDELINES ARE ESTABLISHED THROUGH THE USE OF MARKET DATA PROVIDED BY THIRD PARTY SURVEYS AND PUBLIC DISCLOSURES BY RELEVANT COMPARABLE SCHOOLS. IN ALL CASES, THE PROCESS INCLUDES: USE OF COMPARABLES, APPROVAL BY EITHER THE BOARD OF TRUSTEES OR A DESIGNATED COMMITTEE THEREOF, AND CONTEMPORANEOUS DOCUMENTATION OF THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, THE DETERMINATION LETTER, THE CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC. A COPY OF THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,407,630. BOND PROCEEDS AND USE OF FUNDS SCHEDULE K, PART II IN 2002, THE SCHOOL BORROWED $8,000,000 THROUGH A TAX-EXEMPT BOND FINANCING WITH THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY. THE BOND WAS ISSUED FOR THE PURPOSE OF NEW BUILDING CONSTRUCTION. THE CONSTRUCTION COST AMOUNTED TO $7,779,460 AND THE COST TO ISSUE THE BOND WAS $137,030. TOTAL PROCEEDS OF THE BOND AMOUNTED TO $7,916,490. THE COMPLETION DATE FOR CONSTRUCTION WAS 2002 AND ALL PROCEEDS WERE DISBURSED. GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS SCHEDULE L, PART III FREDERICK HILL'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $51,300 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. TROY GRANDE'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $50,500 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. JEFF MERCER'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $37,000 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. JORGE NELSON'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $28,142 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. PAUL CHO'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $52,284 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. WYATT CAMERON'S CHILDREN RECEIVED SCHOLARSHIPS IN THE AMOUNT OF $78,426 FROM CHADWICK SCHOOL TO HELP OFFSET TUITION COSTS. CHADWICK SCHOLARSHIP FOUNDATION 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 237149456 PROVIDE SOURCES TO PAY TUITION FOR NEEDY STUDENTS CA 501(C)(3) 509(A)(3)TYPE I ROESSLER-CHADWICK FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0