2011-05-16T11:29:12-05:00 2010-06-30 WINDES & McCLAUGHRY ACCT CORP PO BOX 87 LONG BEACH CA 908010087 990 2009-07-01 950615438 ROESSLER-CHADWICK FOUNDATION CHADWICK SCHOOL ROES 3103771543 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 Troy Grande 3103771543 2011-05-13 1 Brian D Yacker 5624351191 2009 2016-02-24 21:20:13Z Troy Grande 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 25810365 0 X www.chadwickschool.org X 1962 CA TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. 24 23 397 350 0 0 1993663 3294025 20198306 21727782 -4186192 202326 256381 271518 18262158 25495651 2600957 3229442 0 14778432 15184909 0 1400641 6957319 7010088 24336708 25424439 -6074550 71212 59233751 61083255 25076756 26058368 34156995 35024887 Chadwick a K-12 school, is dedicated to academic excellence and to the development of self-confident individuals of exemplary character. 0 0 16748287 3229442 20138979 TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. THIS SERVICE BENEFITS APPROXIMATELY 875 CHILDREN, SCHOLARSHIPS ARE PROVIDED FOR CHILDREN DEPENDING UPON VARIOUS FACTORS. 459742 592056 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. 531621 529355 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. 331817 467392 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. 331817 467392 18071467 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 1 47 0 1 397 1 0 0 0 0 0 1 1 0 0 0 24 23 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 H Frederick Christie 2.00 X X 0 0 0 Kimberly Stone 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 Blair A Contratto 2.00 X 0 0 0 William V Davidson 2.00 X 0 0 0 Kurt R Gibbs 2.00 X 0 0 0 Jihee K Huh 2.00 X 0 0 0 Michael S Lebovitz 2.00 X 0 0 0 Ruth B MacFarlane 2.00 X 0 0 0 Manette McDermott 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 Chrysostomos L Nikias 2.00 X 0 0 0 Robert B Roessler 2.00 X 0 0 0 Michael P Trapani 2.00 X 0 0 0 Paul C Westhead 2.00 X 0 0 0 Frederick T Hill 50.00 X 310335 0 36850 Troy Grande 50.00 X 150117 0 20793 James Thompson 50.00 X 263072 0 12071 Roland Johnson 40.00 X 121794 0 16551 Mark Wiedenmann 40.00 X 121722 0 25213 Jeff Mercer 40.00 X 108651 0 23298 Pat Jones 40.00 X 107840 0 14678 John Nordquist 40.00 X 106186 0 20025 1289717 0 169479 12 0 1 0 0 189302 46400 3058323 76076 3294025 Tuition and Fees 900099 20174859 20174859 Auxiliary Programs 900099 592056 592056 Cafeteria Income 900099 529355 529355 OUtdoor education 900099 395632 395632 Yearbook Income 900099 35880 35880 21727782 270103 270103 263329 49683 213646 213646 213646 57206 124983 -67777 -67777 -67777 140048 189302 140048 0 Miscellaneous 900099 57872 57872 57872 25495651 21727782 0 473844 3229442 3229442 798464 479079 319385 11408094 7715232 2846137 846725 702158 474747 175411 52000 1396649 940049 357313 99287 879544 598125 219297 62122 121937 121937 30041 30041 126995 126995 326097 16644 309453 1412255 1129804 282451 16183 16183 31121 31121 143872 143872 1196228 956982 239246 247905 247905 Instructional 1064700 1064700 Student Support 977501 977501 Other Expenses 826091 485584 340507 Summer Programs 489162 489162 25424439 18071467 5952331 1400641 750 750 29412126 25070417 1001545 472922 97167 154073 388048 465932 32848300 11489966 21703104 21358334 6300703 11739754 330308 1821073 59233751 61083255 2238407 2202405 15596006 16609372 7180000 7180000 62343 66591 25076756 26058368 X 27544728 28524419 6260167 6146768 352100 353700 34156995 35024887 59233751 61083255 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14880929 44444 979112 649907 15254578 21751870 253199 -6783713 340427 14880929 0.64940 0.02320 0.32740 0 0 2266053 2266053 25766655 8044719 17721936 893277 447845 445432 3918315 2997402 920913 4000 4000 21358334 Other Liabilities 66591 66591 25495651 25424439 71212 796680 796680 867892 26383406 796680 91075 887755 25495651 0 25495651 25520522 96083 96083 25424439 0 25424439 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part X: Description of Uncertain Tax Positions Under FIN 48: The School is exempt from federal income taxes under Internal Revenue Code Section 501(c)(3) and state taxes 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 authority 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. The statute of limitations for federal and California state purposes is generally three and four years, respectively. Part XII, Line 2d - Other Adjustments: Chadwick Scholarship Foundation - Interest Income: 8112. Chadwick Scholarship Foundation - Unrealized Gains: 33280. REntal Expense: 49683. Part XIII, Line 2d - Other Adjustments: Chadwick Scholarship Foundation - Grant Expenses: 46400. Rental Expense: 49683. 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 loss of the Chadwick Scholarship Foundation was -$5,008. 1 1 1 NEWSPAPER, BROCHURES, AND BULLETINS 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 East Asia and the Pacific 1 0 Kindergarten through 12th grade International School Operation of a elementary, middle and high school 0 1 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 will have 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. Schedule F, Part IV Other Information Chadwick International School had not started operations as of June 30, 2010 and therefore has no employees. The school commenced full operations in July 2010. chadwick spring gala 195957 136136 59821 26941 20169 12711 Golf Day 93538 30613 62925 10000 28939 23986 4 39855 22553 17302 6144 11158 329350 189302 140048 36941 55252 47855 140048 0 1 Faculty Scholarships 25 342000 Financial Aid 149 2887442 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 240335 0 70000 0 0 0 24000 0 12850 0 347185 0 0 0 Troy Grande 150117 0 0 0 0 0 7500 0 13293 0 170910 0 0 0 James Thompson 229322 0 33750 0 0 0 11700 0 371 0 275143 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 2002 0 0 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 na 0 na 0 Frederick Hill headmaster of the school scholarships to Mr. Hill's children to help offset tuition costs Amount $ 48900. Kurt Gibbs Board Member and owner of K.R. Gibbs & associates. 78037 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 8 57641 fmv X 1 1034 FMV X 1 2356 FMV X Various 4 15045 fair market value 0 1 0 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. Schedule K, Part II Bond Proceeds and Use of Funds 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. Schedule L, Part III Grants or Assistance benefitting interested persons Frederick Hill's children received scholarships in the amount of $48,900 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 1 1 0 0 0 0