2026-05-11T18:00:40-05:00 2025-06-30 951777440 GREEN HASSON & JANKS LLP 700 S FLOWER STREET SUITE 3300 LOS ANGELES CA 90017 990 2024-07-01 954823489 NEW ROADS SCHOOL NEWR 3108285582 3131 OLYMPIC BOULEVARD SANTA MONICA CA 90404 DAN VORENBERG HEAD OF SCHOOL 3108285582 2026-05-07 1 1 LIZBETH G NEVAREZ P01399668 3108731600 2026-05-07 2024 2025-03-06 01:10:19Z DAN VORENBERG 3131 OLYMPIC BOULEVARD SANTA MONICA CA 90404 32220793 0 X WWW.NEWROADS.ORG X 1995 CA TO SERVE AS A MODEL FOR EDUCATION IN AN ETHICALLY AND CULTURALLY DIVERSE COMMUNITY. 19 19 247 85 0 0 1769431 2030617 29344163 29781536 172855 122453 2520 176259 31288969 32110865 9031606 8892708 0 0 16949547 16166891 0 240000 1136010 7720146 7577782 33701299 32877381 -2412330 -766516 70926136 75279095 42735497 47105763 28190639 28173332 X NEW ROADS SCHOOL IS AN INDEPENDENT SCHOOL IN LOS ANGELES SERVING GRADES K-12. IT WAS ESTABLISHED IN 1995 AS A MODEL FOR EDUCATION IN AN ETHICALLY, CULTURALLY, AND SOCIO-ECONOMICALLY DIVERSE COMMUNITY. NEW ROADS RESTS UPON SEVERAL FUNDAMENTAL COMMITMENTS (SEE SCHEDULE O) (1) DEVELOPMENT OF A STUDENT POPULATION OF SOCIAL, ECONOMIC, ETHNIC, AND RACIAL DIVERSITY, (2) DEVELOPMENT OF EACH STUDENT'S FULL HUMAN POTENTIAL, (3) ACADEMIC EXCELLENCE AND EXCELLENCE IN THE ARTS, (4) BEHAVING RESPONSIBLY AND HONORABLY AS AN INSTITUTION, AND (5) SERVING THE LARGER ECOLOGICAL AND SOCIAL COMMUNITY. 0 0 26484843 8892708 29781536 IN AN AUTHENTICALLY DIVERSE COMMUNITY REFLECTIVE OF LOS ANGELES, DURING THE FISCAL YEAR ENDED JUNE 30, 2025 NEW ROADS PREPARED YOUNG PEOPLE FOR LIFE BY DEVELOPING IN THEM A PERSONAL DEDICATION TO LEARNING, A RESPECT FOR INDEPENDENT THINKING, AN EXPANDING CURIOSITY ABOUT THE WORLD AND ITS PEOPLE, AND A COMMITMENT TO THE COMMON GOOD. 26484843 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 247 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X DAN VORENBERG 3108285582 3131 OLYMPIC BOULEVARD SANTA MONICA CA 90404 EVELYN HOU INTERIM CHAIRWOMAN 15.00 0.00 X X 0 0 0 JASON PARRY VICE CHAIR 10.00 0.00 X X 0 0 0 BRYAN BINIAK SECRETARY 5.00 0.00 X X 0 0 0 CARLOS SALAS TREASURER (TERM END 8/2024) 5.00 0.00 X X 0 0 0 ISABEL ARANDA TASK FORCE CHAIR 2.00 0.00 X 0 0 0 CARLOS HERNANDEZ MPH DEVELOPMENT COMMITTEE CHAIR 5.00 0.00 X 0 0 0 EMILY ALEXANDER TRUSTEE 2.00 0.00 X 0 0 0 JODY GERSON TRUSTEE 2.00 0.00 X 0 0 0 ALAN HOFFMAN TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL KRUPP TRUSTEE 2.00 0.00 X 0 0 0 GUS LOPEZ TRUSTEE 2.00 0.00 X 0 0 0 ARIK PRAWER TRUSTEE 2.00 0.00 X 0 0 0 ANDY ROSE TRUSTEE 2.00 0.00 X 0 0 0 MELISSA ROWE TRUSTEE 2.00 0.00 X 0 0 0 TOM SOTO TRUSTEE 2.00 0.00 X 0 0 0 TRISH TORREY TRUSTEE 2.00 0.00 X 0 0 0 ERIN WHALEN TRUSTEE 2.00 0.00 X 0 0 0 BRECK EINER TRUSTEE 2.00 0.00 X 0 0 0 PRASHANT MEHROTRA TRUSTEE 2.00 0.00 X 0 0 0 ALLISON HERTOG TRUSTEE 2.00 0.00 X 0 0 0 DAN VORENBERG HEAD OF SCHOOL (FROM 07/2024) 40.00 0.00 X 223846 0 5636 RYAN HAWLEY ASSOCIATE HOS (UNTIL 08/2024) 40.00 0.00 X 352457 0 24800 DANIELA PENNISE UPPER SCHOOL DIRECTOR 40.00 0.00 X 170932 0 24883 JOSH ADLER MIDDLE SCHOOL DIRECTOR 40.00 0.00 X 160098 0 18249 ANNA WRONSKY UPPER SCHOOL ACADEMIC DEAN & ASST DIR 40.00 0.00 X 158790 0 9527 ZAHIR ROBB DIRECTOR OF ADMISSIONS 40.00 0.00 X 152591 0 17749 MARTHA CHAMPLIN ELEMENTARY SCHOOL DIRECTOR 40.00 0.00 X 152850 0 11954 LUTHERN WILLIAMS FORMER HEAD OF SCHOOL 0.00 0.00 X 329962 0 0 1701526 0 112798 42 1 1 0 KARAS SECURITY SERVICES 11844 W PICO BLVD SUITE 201 LOS ANGELES CA 90064 SECURITY 310533 JONES & ASSOCIATES 8581 SANTA MONICA BOULEVARD 15 WEST HOLLYWOOD CA 90069 CFO/ACCOUNTING 177637 ELITE COMMERCIAL CLEANING 400 CONTINENTAL BOULEVARD 6TH FLOOR EL SEGUNDO CA 90245 JANITORIAL/FACILITIES 177127 HR ACADEMIA INC 28908 CANYON OAK PLACE SANTA CLARITA CA 91390 HR SERVICES 107067 R&M CONSTRUCTION 11329 COLLETT AVE GRANADA HILLS CA 91344 BUILDING, MAINTENANCE & CONSTRUCTION 105222 6 343485 1687132 112496 2030617 TUITION AND FEES 611600 29299154 29299154 STUDENT ACTIVITIES 611600 482382 482382 29781536 122453 122453 112646 0 112646 112646 112646 32500 343485 109928 -77428 -77428 OTHER REVENUE 900099 141041 141041 141041 32110865 29781536 0 298712 8892708 8892708 877393 748069 98854 30470 12451595 10638507 1384030 429058 400160 319589 63415 17156 1472714 1176186 233388 63140 965029 770723 152933 41373 75801 75801 291959 291959 240000 240000 252054 190358 61696 15796 3159 7898 4739 241824 27203 214621 213452 69819 143633 1297847 1090121 161392 46334 14034 14034 23434 18388 669 4377 939762 146656 786863 6243 2086892 685492 1189863 211537 427612 363470 42761 21381 STUDENT CURRICULUM 1146927 1134174 6628 6125 HOSPITALITY 155744 116808 38936 DUES AND SUBSCRIPTIONS 86130 31237 51462 3431 RECRUITING 81891 39308 31937 10646 226623 8834 217789 32877381 26484843 5256528 1136010 1088882 9090151 1947009 1513266 1450160 18594643 9819845 185786 158867 63791886 19012171 46396468 44779715 3137394 2221837 9697 5811511 70926136 75279095 2030924 1132207 20426160 20595091 13025159 19533658 7200000 0 53254 5844807 42735497 47105763 X 24423758 24437952 3766881 3735380 28190639 28173332 70926136 75279095 X -766516 228226 666869 -145886 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2331005 44207 250785 2625997 2314401 16604 2331005 2117066 21046 176289 2314401 1446681 1001673 -331288 2117066 1145923 300758 1446681 0.00000 0.75861 0.24139 0 0 13012841 13012841 43942116 13811824 30130292 5179366 3849084 1330282 1339287 1075171 264116 318276 276092 42184 44779715 OTHER ASSETS 25644 FUTURE INCOME ANNUITY 256394 RIGHT OF USE ASSET 5529473 5811511 DEFERRED COMPENSATION 308699 LEASE LIABILITY 5536108 5844807 X 23446383 228226 228226 23218157 8892708 8892708 32110865 24130559 145886 145886 23984673 8892708 8892708 32877381 PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENT FUNDS ARE ESTABLISHED BY DONOR-RESTRICTED GIFTS AND BEQUESTS TO PROVIDE A PERMANENT ENDOWMENT, WHICH IS TO PROVIDE A PERMANENT SOURCE OF INCOME TO THE SCHOOL. PART X, LINE 2: IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC NO. 740, UNCERTAINTY IN INCOME TAXES, THE SCHOOL RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. DURING THE YEAR ENDED JUNE 30, 2025, THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MIGHT HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,892,708. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 145,886. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,892,708. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN REVENUE RULING 2019-22. X X X X X 1 BUOYANT GIVING 828 N ORANGE DRIVE LOS ANGELES CA 90038 INTERIM DIRECTOR OF ADVANCEMENT 0 0 240000 0 240000 CA KALEIDOSCOPE GALA 363085 330585 32500 694 44369 35475 5850 16749 OTHER 12900 12900 6791 375985 343485 32500 694 44369 42266 5850 16749 109928 -77428 1 SCHOLARSHIPS 218 8892708 CASH VALUE OF TUITION REDUCTION TUITION REDUCTION PART I, LINE 2: FINANCIAL AID IS PROVIDED TO STUDENTS BASED ON A FINANCIAL NEED ON A NON-DISCRIMINATORY BASIS, AS DETERMINED BY THE FINANCIAL AID COMMITTEE. GRANTS ARE GIVEN IN THE FORM OF REDUCED TUITION, NEVER A CASH GRANT. X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 RYAN HAWLEY ASSOCIATE HOS (UNTIL 08/2024) 197457 0 75000 0 80000 0 12003 0 12797 0 377257 0 0 0 LUTHERN WILLIAMS FORMER HEAD OF SCHOOL 0 0 0 0 329962 0 0 0 0 0 329962 0 0 0 DAN VORENBERG HEAD OF SCHOOL (FROM 07/2024) 223846 0 0 0 0 0 0 0 5636 0 229482 0 0 0 DANIELA PENNISE UPPER SCHOOL DIRECTOR 170932 0 0 0 0 0 11034 0 13849 0 195815 0 0 0 JOSH ADLER MIDDLE SCHOOL DIRECTOR 160098 0 0 0 0 0 4420 0 13829 0 178347 0 0 0 ZAHIR ROBB DIRECTOR OF ADMISSIONS 152591 0 0 0 0 0 8368 0 9381 0 170340 0 0 0 ANNA WRONSKY UPPER SCHOOL ACADEMIC DEAN & ASST DI 158790 0 0 0 0 0 0 0 9527 0 168317 0 0 0 MARTHA CHAMPLIN ELEMENTARY SCHOOL DIRECTOR 109650 0 43200 0 0 0 5742 0 6212 0 164804 0 0 0 PART I, LINE 1A LUTHERN WILLIAMS, PREVIOUS PRESIDENT AND HEAD OF SCHOOL, RECEIVED A HOUSING, AUTO AND CELL PHONE ALLOWANCE TOTALING $44,230.84 PER HIS SEVERANCE AGREEMENT THAT WAS INCLUDED IN HIS 2024 W2 TAXABLE WAGES. PART I, LINE 4A LUTHERN WILLIAMS RECEIVED SEVERANCE PAYMENTS INCLUDED IN THEIR 2024 TAXABLE WAGES IN THE AMOUNTS $329,961.68 AND RYAN HAWLEY IN THE AMOUNT OF $80,000. PART I, LINE 7 RYAN HAWLEY RECEIVED A PERFORMANCE BONUS PER BOARD OF $75,000. MARTHA CHAMPLIN RECEIVED A PERFORMANCE BONUS IN THE AMOUNT OF $43,200 RESPECTIVELY. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2019-06-28 15450000 2019 SERIES A AND SERIES B BONDS 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2021-11-01 7175000 LOAN C 0498 0 0 0 A 2368756 15460000 259821 3975000 11225179 2022 1 0 1 1 B 153504 7175000 25000 7175000 2021 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 1 0 0 0 1 A 1 B 1 X 5 111202 FMV X ROBOTICS EQUIPMENT 1 986 FMV X CAMERA EQUIPMENT 1 308 FMV 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS ARE BEING REPORTED. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NOT A COMMITTEE WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, IS REVIEWED AND APPROVED BY THE CFO, HEAD OF SCHOOL, AND THE EXECUTIVE COMMITTEE. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST (COI) POLICY IS PROVIDED TO EACH DIRECTOR AND OFFICER UPON NOMINATION OR INITIAL HIRE. ANNUALLY, A COI DISCLOSURE FORM IS PROVIDED TO EACH OFFICER AND DIRECTOR WHO EACH SIGN AND RETURN THEIR FORM TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE REVIEWS EACH FORM AND ANY NOTED CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT. ALL CONFLICTS ARE THEN DIRECTED TO THE APPROPRIATE COMMITTEE OR BROUGHT BEFORE THE ENTIRE BOARD FOR DISCLOSURE AND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS PACKAGE OF THE HEAD OF SCHOOL ON AN ANNUAL BASIS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF ANY INTERESTED PERSON, USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES, NAIS, CAIS, CALISBOA. A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR ITS REVIEW AND APPROVAL, AND THE DELIBERATION AND DECISIONS REACHED ARE DOCUMENTED. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF THE DIRECTOR OF FINANCE USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES. COMPENSATION INCREASES FOR ALL OTHER EMPLOYEES ARE CALCULATED USING THE SAME PERCENTAGE ACROSS THE BOARD AS DETERMINED BY THE BOARD OF DIRECTORS AT THE ANNUAL FALL BUDGET MEETING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT -145,886. FORM 990, PART XII, LINE 2C: NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR.