2012-03-05T12:54:22-06:00 2011-06-30 SKMC LLP 11845 W OLYMPIC BLVD SUITE 900 LOS ANGELES CA 900645086 990 2010-07-01 951698608 OAKWOOD SCHOOL OAKW 8187323000 11600 MAGNOLIA BLVD NORTH HOLLYWOOD CA 91601 ELLIOT SPOKANE 8187323050 2012-03-01 1 STANLEY F SHIMOHARA CPA 3104776161 2012-03-01 2010 2016-02-24 21:20:13Z JAMES A ASTMAN PHD 11600 MAGNOLIA NORTH HOLLYWOOD CA 91601 29458443 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. 27 27 267 150 -1577 0 3565678 4848808 22474516 23399387 610885 588126 353437 333929 27004516 29170250 2398038 2313789 0 0 15414367 16440295 0 0 6030 7215613 7991232 25028018 26745316 1976498 2424934 51811660 54943020 12254503 10722057 39557157 44220963 NONE 0 0 15718857 2313789 23399387 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. 15718857 1 1 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 0 0 0 0 0 0 1 99 0 1 267 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 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 X 0 0 0 LISA HOMAMPOUR X 0 0 0 IRA PIANKO X 0 0 0 ELIZABETH HIRSH NAFTALI X 0 0 0 KEN FRITZ X 0 0 0 PHYLLIS GOTTLIEB X 0 0 0 CHARLES HAAS X 0 0 0 BARBARA MARSHALL X 0 0 0 JASON ALEXANDER X 0 0 0 STEPHEN BRAY X 0 0 0 PAMELA SKAIST LEVY X 0 0 0 STEVE CARELL X 0 0 0 PETER CASEY X 0 0 0 JEFFREY MARKOWITZ X 0 0 0 MARTA F KAUFFMAN X 0 0 0 DEBBIE REED X 0 0 0 DANIEL WEISS X 0 0 0 ALBERT LITEWKA X 0 0 0 DIANE LEVIN X 0 0 0 GREG SILVERMAN X 0 0 0 MICHAEL MARSHALL X 0 0 0 ALLISON THOMAS X 0 0 0 JAMES NEWTON X 0 0 0 EDWARD PERRON X 0 0 0 ROBIN RAPPAPORT X 0 0 0 KAY SIDES X 0 0 0 STEVE TELLER X 0 0 0 KIMBERLY WEST - FAULCON X 0 0 0 JAMES AASTMAN PHD 40.00 X 402589 0 31616 SAMUEL H ANKER 40.00 X 76415 0 14906 ELLIOT H SPOKANE 40.00 X 207530 0 39819 MARGO LONG 40.00 X 161543 0 24572 MICHAEL MANCINI 40.00 X 159515 0 22003 NANCY GOLDBERG 40.00 X 120829 0 31878 ERIC WALTER 40.00 X 135644 0 28963 ERIC LEE 40.00 X 118979 0 17454 1383044 0 211211 16 0 1 0 0 581075 4267733 11268 4848808 TUITION & FEES 611600 23399387 23399387 23399387 588202 588202 16242 17819 -1577 -1577 -1577 12301 12377 -76 -76 -76 109800 581075 257997 -148197 -148197 INCIDENTAL NET RENTAL 532000 312477 312477 AFTER SCHOOL PROGRAMS 900099 125059 125059 OTHER REVENUE 900099 46167 46167 483703 29170250 23399387 -1577 923632 2313789 2313789 813356 813356 12117248 8648460 3468788 738900 516220 222680 1907148 1439981 467167 863643 636788 226855 11534 11534 28000 28000 53314 53314 201298 201298 115660 115660 58040 58040 96600 96600 20829 20829 325999 325999 1763049 1763049 217670 217670 FACILITY EXPENSES 1251342 1251342 TRIPS & EXCURSIONS 565834 565834 EDUCATIONAL CLASSES 414354 414354 TUITION REMISSION 397750 397750 SECURITY 387100 387100 2082859 785681 1291148 6030 26745316 15718857 11020429 6030 488 400 5242855 4163505 379478 1370931 29730 21135 180000 120000 17250 11296 29278 14083 39516686 10959523 29268304 28557163 16165679 20079692 0 498598 604815 51811660 54943020 2466063 2840121 2104407 2235155 4384033 335507 3300000 5311274 12254503 10722057 X 35387267 38137121 2149833 3960027 2020057 2123815 39557157 44220963 51811660 54943020 X 2424934 2238872 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11455059 2542919 1908834 349058 451600 133583 14972571 8641965 2032590 1179783 331172 11204 56903 11455059 9940908 789258 -1507105 345896 151713 83487 8641965 0.59370 0.14180 0.26450 0 0 9843935 9843935 26922822 9715396 17207426 2731879 1244127 1487752 18050 18050 28557163 INVESTMENT IN MUTUAL FUNDS 20079692 F 20079692 RESERVE FOR SELF INSURANCE 100000 LINE OF CREDITS 5211274 5311274 29170250 26745316 2424934 2238872 2238872 4663806 31409122 2238872 2238872 29170250 0 29170250 26745316 0 26745316 0 26745316 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 690875 581075 109800 257997 690875 581075 109800 257997 257997 -148197 1 FINANCIAL AID 132 2313789 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. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 JAMES AASTMAN PHD 317589 0 0 0 85000 0 0 0 33612 0 436201 0 0 0 ELLIOT H SPOKANE 207530 0 0 0 0 0 0 0 42400 0 249930 0 0 0 MARGO LONG 161543 0 0 0 0 0 0 0 26089 0 187632 0 0 0 MICHAEL MANCINI 159515 0 0 0 0 0 0 0 24073 0 183588 0 0 0 NANCY GOLDBERG 120829 0 0 0 0 0 0 0 33499 0 154328 0 0 0 ERIC WALTER 135644 0 0 0 0 0 0 0 37921 0 173565 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 120000 0 1 1 120000 MARLENE ASTMAN SPOUSE OF OFFICER OF OAKWOOD SCHOOL, JAMES A. ASTMAN 88338 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, 2011 $60,000 OF PRINCIPAL, AND $6,390 OF INTEREST WERE ADDITIONALLY FORGIVEN. THE $66,390 WHICH WAS FORGIVEN WILL BE INCLUDED ON JAMES A. ASTMAN'S 2011 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 11, 2012 BOARD MEETING. THE FORM 990 HAS BEEN MADE AVAILABLE TO ALL TRUSTEES PRIOR TO THE JANUARY 11, 2012 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 1)REVIEW BY INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, ETC. ALSO, THE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS. THIS PROCESS OCCURS EVERY YEAR FOR THE C.O.O. AND THE C.F.O, AND WAS LAST UNDERTAKEN FOR THE 2010-2011 FISCAL YEAR. THIS PROCESS OCCURS EVERY FIVE YEARS FOR THE HEADMASTER AS HE IS UNDER A FIVE YEAR CONTRACT. THIS PROCESS WAS UNDERTAKEN FOR THE HEADMASTER DURING THE 2007-2008 FISCAL YEAR FOR THE CONTRACT BEGINNING JULY 1, 2008. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,238,872. 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 $85,000 OF OTHER COMPENSATION REPORTED FOR JAMES ASTMAN IN SCHEDULE J, PART II, COLUMN B (III) REPRESENTS THE AMOUNT OF HIS 2010 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 $8,520 WHICH WAS OWED BY JAMES ASTMAN TO OAKWOOD SCHOOL WAS FORGIVEN ON JUNE 30,2010. THIS $68,520 IS SHOWN ON JAMES ASTMAN'S 2010 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.