2011-05-16T12:19:53-05:00 2010-08-31 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2009-09-01 952539719 PARK CENTURY SCHOOL PARK 3108400500 3939 Landmark St Culver City CA 90232 Edward Victor 3108400500 2011-05-03 1 Alan Harrison 6267933600 2011-04-29 2009 2016-02-24 21:20:13Z Bess Armstrong Fiedler 3939 Landmark St Culver City CA 90232 5075958 0 X www.parkcenturyschool.org X 1968 CA PARK CENTURY SCHOOL'S MISSION IS TO MEET THE EDUCATIONAL, EMOTIONAL, AND SOCIAL NEEDS OF LEARNING DISABLED STUDENTS OF AVERAGE TO SUPERIOR INTELLECTUAL POTENTIAL AND THEIR FAMILIES IN AN EMPATHETIC AND SUPPORTIVE ENVIRONMENT EMPHASIZING ACADEMIC SUCCESS, MATURITY, AND INDEPENDENCE. THE SCHOOL'S ENROLLMENT IS APPROXIMATELY 90 STUDENTS. 18 17 59 10 0 0 3754304 570838 3744645 4290668 59025 41149 117342 124072 7675316 5026727 173065 226500 0 2690066 3377018 35933 4843 175223 886666 2586219 3785730 6194580 3889586 -1167853 25567700 24644107 13805888 14794286 11761812 9849821 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 3974989 226500 4290668 THE PARK CENTURY ACADEMIC PROGRAM IS TAUGHT WITHIN 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 THE SMALL GROUP. 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. 3974989 1 1 0 0 0 0 0 0 1 1 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 1 21 0 1 59 1 0 0 0 0 0 1 1 0 0 0 18 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 CA X X Frederick Landau 3108400500 3939 Landmark St Culver City CA 90232 Michael Bryant 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 Fletcher 1.00 X 0 0 0 Helen Hartung 1.00 X 0 0 0 Paul Jennings 1.00 X 0 0 0 Steven Z Leder 1.00 X 0 0 0 Sandra Rabins Mathern 1.00 X 0 0 0 Patricia M McDonough 1.00 X 0 0 0 Jeffrey Mirkin 1.00 X 0 0 0 Kenneth Salkin 1.00 X 0 0 0 Jerry M Simmons 1.00 X X 0 0 0 Phyllis G Thomas 1.00 X 0 0 0 Stephen Thomas 1.00 X X 0 0 0 Rae Sanchini Tobey 1.00 X 0 0 0 Edward G Victor 1.00 X X 0 0 0 Genny Shain 40.00 X 88447 0 68146 Gail Spindler 40.00 X 120540 0 39138 208987 0 107284 1 0 1 0 0 106796 464042 570838 TUITION AND FEES 611710 4290668 4290668 4290668 41149 41149 42274 106796 49231 -6957 -6957 oTHER INCOME 611710 131029 131029 131029 5026727 4290668 0 165221 226500 226500 319220 159610 159610 2599191 1982071 499633 117487 136811 70151 66660 96243 56810 39433 225553 174843 50710 1337 1337 4843 4843 362522 111178 201325 50019 5749 2875 2874 166265 144793 21472 194046 46815 147231 365878 365878 353237 281849 71388 depreciation 704761 563809 140952 EXPANSION EXPENSES 188439 94219 94220 Bond Commissions & fees 144650 144650 REPAIRS AND MAINT 30725 24580 6145 PROF DEVELOPMENT 28687 20227 8460 39923 17534 22389 6194580 3974989 2044368 175223 300 300 3903686 4629613 1967177 1101928 102484 77019 15719 30384 18725850 1336719 17992445 17389131 813964 633957 14000 15875 757925 765900 25567700 24644107 378463 258394 1721595 1973754 10000000 10000000 1705830 2562138 13805888 14794286 X 9294433 7960687 2329559 1751314 137820 137820 11761812 9849821 25567700 24644107 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165381 5044 2000 168425 145524 21300 1658 3101 165381 0.81830 0.18170 0 0 4050000 4050000 650000 650000 786287 363842 422445 13239563 972877 12266686 17389131 DEFERRED COMPENSATION LIABILITY 215853 interest rate swap 2346285 2562138 5026727 6194580 -1167853 46040 -790178 -744138 -1911991 4895498 46040 49231 95271 4800227 226500 226500 5026727 6017311 49231 49231 5968080 226500 226500 6194580 Part V, Line 4: Description of Intended Use of Endowment Funds: Faculty development and financial aid. Part XI, Line 8 - Other Adjustments: CHANGE IN VALUATION OF interest rate swap: -790178. Part XII, Line 2d - Other Adjustments: Spring Benefit EXPENSE: 39293. Carnival expense: 9938. Part XII, Line 4b - Other Adjustments: FINANCIAL AID: 226500. Part XIII, Line 2d - Other Adjustments: Spring Benefit expense: 39293. carnival expense: 9938. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID: 226500. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Spring Benefit 136796 106796 30000 39293 Carnival 12274 12274 9938 149070 106796 42274 49231 49231 -6957 1 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS 7 226500 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 0 0 0 0 0 0 0 0 0 Genny Shain 88447 0 0 0 0 0 21382 0 46764 0 156593 0 0 0 Gail Spindler 120540 0 0 0 0 0 23334 0 15804 0 159678 0 0 0 CA Statewide Communities Development Authority 521598225 1309115Y2 2007-09-27 10000000 See Schedule O for description of purpose 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 Rebecca Chernoff Daughter of Trustee 41000 See Sch O 0 Form 990, Part VI, Section A, line 2 Two of the School's Trustees are related as brother and sister-in-law. 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 B, line 15b The compensation of these persons is decided upon annually by the Finance Committee of the Board of Trustees as part of the preparation of the annual budget. The budget is then approved by the full Board. Form 990, Part VI, Section C, line 19 These documents are made available upon request. Form 990, Part XI, 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. Schedule K, Part I, Bond Issues: (F) Description of purpose: To refinance the bank note payable and finance the acquisition, design, construction and improvement of the School's new campus in Culver City. Schedule L, Part IV, Business Transactions involving interested persons: (D) Description of Transaction: worked as a teacher at the school.