2024-04-30T17:58:28-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2022-07-01 954106117 THE OAKS SCHOOL OAKS 3238503755 PO BOX 3170 LOS ANGELES CA 90078 THEODORE HAMORY HEAD OF SCHOOL 3238503755 2024-04-29 1 THEODORE HAMORY 999009999 0 LISA N RYSSEL CPA P00643670 7149781300 2024-04-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X THEODORE HAMORY PO BOX 3170 LOS ANGELES CA 90078 4283518 0 X WWW.OAKSSCHOOL.ORG X 1986 CA IN AN ATMOSPHERE OF MUTUAL RESPECT AND RESPONSIBILITY, THE OAKS SCHOOL PREPARES STUDENTS TO MEET THE WORLD WITH THE COMBINED WISDOM OF AN INTELLIGENT MIND, A SKILLED HAND, AND A COMPASSIONATE HEART. 16 15 32 15 0 0 1308868 404401 3521401 3766928 43243 56457 31495 -13809 4905007 4213977 490356 532159 0 0 2765066 2605073 0 0 111101 1836261 2093850 5091683 5231082 -186676 -1017105 4914717 9328262 4238640 9628348 676077 -300086 IN AN ATMOSPHERE OF MUTUAL RESPECT AND RESPONSIBILITY, THE OAKS SCHOOL PREPARES STUDENTS TO MEET THE WORLD WITH THE COMBINED WISDOM OF AN INTELLIGENT MIND, A SKILLED HAND, AND A COMPASSIONATE HEART. 0 0 4246183 532159 3766928 THE OAKS SCHOOL PROVIDES QUALITY PRIVATE EDUCATION, KINDERGARTEN THROUGH SIXTH GRADE, FOR APPROXIMATELY 115 STUDENTS.THE SCHOOL'S PHILOSOPHY IS FOUNDED ON THE BELIEF THAT BEST LEARNING OPPORTUNITIES ARE CREATED WHEN CHILDREN ARE ABLE TO SHARE IN THE RESPONSIBILITY FOR THEIR OWN EDUCATION, AND WHERE THEY FEEL SAFE TO TAKE RISKS, MAKE MISTAKES, AND MASTER SKILLS. CURRICULUM AT THE SCHOOL EDUCATES THE WHOLE CHILD. THROUGH PROJECT-BASED LEARNING, STUDENTS ARE ENCOURAGED TO EXPLORE, CHALLENGE, AND INTERPRET THE WORLD AROUND THEM.THE SCHOOL IS FULLY ACCREDITED BY THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES, AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. 4246183 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 32 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 1 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 X AARON FIELDING 3238503755 6817 FRANKLIN AVE LOS ANGELES CA 90028 THEODORE HAMORY HEAD OF SCHOOL 40.00 X X 366977 0 37384 KAMILAH HATCHER TEACHER REP 40.00 X 70346 0 10364 CHRIS HOBBS CO-CHAIR 2.00 X X 0 0 0 KRISTEN VAURIO CO-CHAIR 2.00 X X 0 0 0 ROBERT REYNOLDS VICE CHAIR 2.00 X X 0 0 0 LIZ DEAN SECRETARY 2.00 X X 0 0 0 JESSICA DAY TREASURER 2.00 X X 0 0 0 LISA TARLOW-THURNAUER TRUSTEE 2.00 X 0 0 0 HEATHER WASHINGTON TRUSTEE 2.00 X 0 0 0 ASHLEY BUTLER POST TRUSTEE 2.00 X 0 0 0 ASHLEY USICH-IHA TRUSTEE 2.00 X 0 0 0 FIELDING EDLOW TRUSTEE 2.00 X 0 0 0 ADAM FOX TRUSTEE 2.00 X 0 0 0 CHED TOLLIVER TRUSTEE 2.00 X 0 0 0 NEIL LEWIS TRUSTEE 2.00 X 0 0 0 ALEXANDRA SUPPES TRUSTEE 2.00 X 0 0 0 JOHN HAMBURG TRUSTEE 2.00 X 0 0 0 PATRICIA GARCIA-WOOD ASSISTANT HEAD OF SCHOOL 40.00 X 151878 0 9428 JACQUELINE AYEARS ADMISSIONS DIRECTOR 40.00 X 106845 0 5082 696046 0 62258 3 0 1 0 LA FINANCIAL MANAGEMENT 303 N GLENOAKS BLVD STE 200 BURBANK CA 91502 ACCOUNTING 109297 1 99541 304860 404401 TUITION AND FEES 611710 3636263 3636263 AUXILIARY PROGRAMS 611710 91005 91005 STUDENT ACTIVITY FEE 611710 39660 39660 3766928 51045 51045 138 5412 138 0 0 5412 5412 5412 46594 99541 69403 -22809 -22809 OTHER INCOME 900099 9000 9000 9000 4213977 3766928 0 42648 532159 532159 695728 417437 226111 52180 1554838 1484293 57405 13140 53731 53539 159 33 143170 120942 19843 2385 157606 134951 18413 4242 15978 15978 223320 223320 3608 3608 84493 32892 34934 16667 64727 64727 33924 7650 24662 1612 143891 103720 40171 685556 630272 55284 28246 21054 7192 57566 52251 5315 255088 230687 24401 96560 77248 19312 PLANT EXPENSES 157141 144712 12429 STUDENT AND CLASSROOM 128542 128542 ALL OTHER EXPENSES 115210 73834 20534 20842 5231082 4246183 873798 111101 1576545 303034 54232 51335 23378 36451 119946 83138 4702651 2897441 2049479 1805210 1091137 1182275 0 5866819 4914717 9328262 495690 625971 303946 338482 2395713 2016478 1043291 6647417 4238640 9628348 X 534507 -477070 141570 176984 676077 -300086 4914717 9328262 -1017105 40942 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 679475 25041 49786 754302 745029 40 -65594 679475 626176 118853 745029 637691 -11515 626176 623472 39219 25000 637691 0.76540 0.23460 0 0 3941956 2206497 1735459 740695 670944 69751 20000 20000 0 1805210 FINANCING RIGHT-OF-USE ASSETS 62882 OPERATING RIGHT-OF-USE ASSETS 5803937 5866819 CAPITAL LEASE OBLIGATION 44421 OPERATING LEASE LIABILITIES 6602996 6647417 X 3719152 40942 -532159 -491217 4210369 3608 3608 4213977 4695315 0 4695315 3608 532159 535767 5231082 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSIST OF DONOR-RESTRICTED FUNDS ESTABLISHED FOR FINANCIAL AID PURPOSES AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS AN ENDOWMENT. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -532,159. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 532,159. 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 OAKS SCHOOL PUBLISHES IN A NEWSPAPER AD PUBLICIZING ITS RACIALLY NON-DISCRIMINATORY POLICY ANNUALLY. GALA 49853 28632 21221 6267 6580 5150 3225 CHARITY BUZZ 53330 53330 4 42951 17579 25372 8780 96 1000 38305 146134 99541 46593 15047 6676 6150 41530 69403 -22810 1 FINANCIAL ASSISTANCE 29 532159 PART I, LINE 2: THE SCHOOL OFFERS NON-REPAYABLE FINANCIAL AID GRANTS TOWARD THE ANNUAL TUITION OF THE SCHOOL TO STUDENTS WHO QUALIFY FOR SUCH GRANTS BASED ON THEIR FAMILY'S FINANCIAL NEEDS. THE APPLICATION FOR FINANCIAL AID IS EVALUATED BY A THIRD PARTY INDEPENDENT FINANCIAL AID REVIEW AGENCY. X X 1 1 X X 0 0 0 0 0 0 0 1 0 THEODORE HAMORY HEAD OF SCHOOL 299416 0 30744 0 36817 0 18000 0 19384 0 404361 0 0 0 PATRICIA GARCIA-WOOD ASSISTANT HEAD OF SCHOOL 151134 0 744 0 0 0 8588 0 840 0 161306 0 0 0 PART I, LINE 1A THE SCHOOL SHALL REIMBURSE THE HEAD OF THE SCHOOL UP TO $1,000 ANNUALLY FOR DOCUMENTED EXPENSES REASONABLY INCURRED BY HEAD OF THE SCHOOL ON A DISCRETIONARY BASIS TO ADVANCE THE INTEREST OF THE SCHOOL. THE HEAD OF THE SCHOOL HAS A HOUSING ALLOWANCE OF $36,816.84 FOR 2022. THE HOUSING ALLOWANCE FOR THE HEAD OF THE SCHOOLS IS TAXABLE INCOME. IN ORDER TO DISTINGUISH THE DIFFERENCE IN SALARY PAYMENT, WE PROCESS A PAYROLL PAYMENT FOR HOUSING ALLOWANCE AS A SEPARATE LINE ITEM IN ON OUR PAYROLL RECORDS. PART I, LINE 3 TED'S HOS CONTRACT DEFINES HIS COMPENSATION FROM THE SCHOOL. IT IS APPROVED BY THE BOARD AND SIGNED BY THE BOARD CHAIR. PART I, LINE 7 THEODORE HAMORY RECEIVED A BONUS OF $30,000. 5000 TUITION AID NEED BASED FINANCIAL AID 26905 TUITION AID NEED BASED FINANCIAL AID FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR DEVELOPING AND OVERSEEING A PROCESS OF LONG RANGE PLANNING AND EVALUATION THAT ENSURES DEVELOPMENT OF THE SCHOOL CONSISTENT WITH ITS STATED PHILOSOPHY AND GOALS. MEMBERSHIP OF THE EXECUTIVE COMMITTEE WILL BE COMPRISED OF THE OFFICERS OF THE BOARD INCLUDING THE BOARD PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER AS WELL AS THE HEAD OF SCHOOL AND ONE OR TWO OTHER TRUSTEES AS SELECTED BY THE BOARD. SUBCOMMITTEES DESIGNATED IN SUPPORT OF THE EXECUTIVE COMMITTEE'S CHARTER MAY BE COMPOSED OF ADDITIONAL MEMBERS AND, IN THE CASE OF LONG RANGE PLANNING, SHOULD INCLUDE A BROAD AND REPRESENTATIVE CROSS SECTION OF THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE SCHOOL CONSIST OF: FAMILIES OF STUDENTS IN THE SCHOOL, FACULTY AND STAFF, AND THE BOARD OF TRUSTEES. A "FAMILY" IS DEFINED AS PERSONS WHO ARE RESPONSIBLE FOR A CHILD/CHILDREN ENROLLED IN THE OAKS SCHOOL, INCLUDING BUT NOT LIMITED TO PARENTS, STEPPARENTS, AND GUARDIANS. FORM 990, PART VI, SECTION A, LINE 7A EACH FAMILY HAS TWO VOTES, REGARDLESS OF THE NUMBER OF CHILDREN IN THE SCHOOL OR PARENTS IN THE FAMILY. IN DUAL HOUSEHOLD FAMILIES, EACH HOUSEHOLD HAS ONE VOTE. ALL OTHER MEMBERS HAVE ONE VOTE. NO INDIVIDUAL SHALL VOTE IN MORE THAN ONE CATEGORY. THE BOARD OF DIRECTORS ARE ELECTED BY THE VOTING MEMBERS. THE FACULTY REPRESENTATIVE BOARD MEMBER IS ELECTED SEPARATELY BY THE FACULTY FOLLOWING A NOMINATION PROCESS UNDERTAKEN BY THE FACULTY. FORM 990, PART VI, SECTION A, LINE 7B WITH THE EXCEPTION OF ARTICLE IX OF THE BYLAWS PERTAINING TO THE SCHOOL'S DISSOLUTION, THE BYLAWS MAY BE AMENDED BY THE VOTE OF A MAJORITY OF THE MEMBERS OF THE SCHOOL, AND SUCH AMENDMENT MUST THEREAFTER BE APPROVED BY TWO-THIRDS (2/3) OF THE BOARD OF TRUSTEES, BEFORE IT SHALL BECOME EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT OF THE BOARD REVIEWS AND APPROVES THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS ALL MEMBERS OF THE BOARD OF TRUSTEES. TRUSTEES ARE REQUIRED TO NOTIFY THE BOARD CHAIR, IN WRITING, OF ANY POTENTIAL CONFLICT INVOLVING THEMSELVES OR ANOTHER BOARD MEMBER. AFTER RECEIVING NOTIFICATION OF A POTENTIAL CONFLICT OF INTEREST, THE BOARD OF TRUSTEES SHALL FIRST MEET AND DETERMINE WHETHER OR NOT THE ALLEGED CONFLICT EXISTS. NO TRUSTEE WHO, DIRECTLY OR INDIRECTLY, IS INVOLVED IN THE POTENTIAL CONFLICT OF INTEREST SHALL BE PRESENT DURING THIS MEETING. IN ADDITION, NO TRUSTEE SHALL BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT OF INTEREST IS CONSIDERED NOR SHALL THE TRUSTEE VOTE ON ANY ACTION OF THE BOARD REGARDING THAT POTENTIAL CONFLICT. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE IS COMPRISED OF THREE INDEPENDENT MEMBERS OF THE BOARD. COMPENSATION IS DETERMINED BASED ON THE HEAD OF SCHOOL'S EXPERIENCE, COMPARABLE SCHOOLS IN SIZE IN THE AREA, AND ANY OTHER USEFUL SOURCES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF POLICY, AND FINANCIAL STATEMENTS AVAIALBLE TO THE PUBLIC. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.