2023-02-08T19:16:37-06:00 2022-06-30 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2021-07-01 941527492 CREATIVE CENTER OF LOS ALTOS CREA 6502093030 327 FREMONT AVENUE LOS ALTOS CA 940244861 SCOTT RICHES PRESIDENT/DIRECTOR 6502093030 2023-02-06 1 SCOTT RICHES 999009999 MATTHEW PETROSKI P00853132 4082006400 2023-02-06 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z PINEWOOD AND OAKWOOD SCHOOL SCOTT RICHES 327 FREMONT AVENUE LOS ALTOS CA 940244861 54923302 0 X WWW.PINEWOOD.EDU, WWW.OAKWOODWAY.ORG X 1962 CA INDEPENDENT SCHOOLS SERVING GRADES K-12 WITH APPROXIMATELY 1,217 STUDENTS. 5 0 368 400 214170 211141 3651639 4862449 37853954 42427257 1773352 1837946 332034 1103551 43610979 50231203 3719102 3638453 0 0 23289952 25927121 0 0 1018858 12308684 13281643 39317738 42847217 4293241 7383986 168356588 170822611 88201535 89020863 80155053 81801748 X THE SCHOOL SEEKS TO CREATE AN EDUCATIONAL ENVIRONMENT WHEREBY STUDENTS MAY ACQUIRE ACADEMIC STAMINA, INTELLECTUAL MATURITY, SELF-ESTEEM, AND A HIGH STANDARD OF BEHAVIOR. OUR GOAL IS TO PROVIDE STUDENTS WITH THE SKILLS NECESSARY FOR SUCCESS IN SCHOOL AND BEYOND THROUGH A STRONG COLLEGE PREPARATORY CURRICULUM THAT EMPHASIZES THE IMPORTANCE OF READING, WRITING, COMPUTATION, COMMUNICATION, CRITICAL THINKING AND PROBLEM-SOLVING SKILLS. 0 0 36723477 3638453 42427257 OPERATION OF FULL TIME ELEMENTARY, MIDDLE, AND HIGH SCHOOLS, WITH APPROXIMATELY 1,217 STUDENTS. 36723477 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 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 1 0 0 0 0 0 0 0 0 1 65 0 1 368 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SCOTT RICHES 6502093005 327 FREMONT AVENUE LOS ALTOS CA 94024 X SCOTT RICHES PRESIDENT 65.00 X X 458007 0 77548 LAURA BLOTTER SECRETARY, CURRICULUM DIR. 40.00 X X 102465 0 63314 DENNIS RICHES BOARD MEMBER, FINANCIAL OV 10.00 X 10000 0 0 KATHLEEN PICKETT BOARD MEMBER, CURRICULUM O 15.00 X 20750 0 0 L VICTOR RICHES BOARD MEMBER, FACILITIES O 10.00 X 10000 0 0 MICHELLE HELVEY HEAD OF SCHOOL, OAKWOOD 65.00 X 412298 0 56330 JULIE SCHILLING PINEWOOD DIRECTOR OF FINAN 55.00 X 231186 0 25217 GABRIEL D LEMMON PINEWOOD PRINCIPAL, 7-12 55.00 X 234380 0 46175 SARAH HAUN PINEWOOD PRINCIPAL, 3-6 55.00 X 189445 0 35728 AYESHA MASUD PINEWOOD DIRECTOR OF DEVELOPMENT 55.00 X 209480 0 21038 KAREN A O'DONNELL PINEWOOD PRINCIPAL, K-2 55.00 X 187680 0 22766 2065691 0 348116 69 0 1 0 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 FACILITIES MAINTENANCE & JANITORIAL 587113 ANAGO OF NORTHERN CALIFORNIA 1460 KOLL CIRCLE STE B SAN JOSE CA 95112 CAMPUS CLEANING SERVICES 258555 SYNERGI PARTNERS INC PO BOX 5599 FLORENCE CA 29502 CONSULTING (ERTC CLAIM SUPPORT) 176894 EPICUREAN GROUP 111 MAIN STREET 3 LOS ALTOS CA 94022 LUNCH PROVIDER 150608 4 605199 2215214 2042036 228632 4862449 TUITION AND FEES 611600 42232127 42232127 OTHER PROGRAM REVENUE 611600 195130 195130 42427257 984360 984360 125749 0 125749 125749 125749 5453180 4599594 853586 853586 853586 332711 605199 92505 240206 240206 PARTNERSHIP INVESTMENT 611710 737596 214170 523426 737596 50231203 42427257 214170 2727327 3638453 3638453 1130420 605847 425808 98765 19770127 17114619 2061215 594293 829294 732773 68251 28270 2795998 2468044 260978 66976 1401282 1181292 163939 56051 63386 63386 93833 93833 341450 341450 234150 181791 52359 52760 8402 44358 472150 182739 206389 83022 141065 93773 47292 3803231 3734622 60523 8086 245861 233176 12685 1781528 1777094 4434 2884276 2797459 80760 6057 202723 202723 STUDENT ACTIVITIES & FI 2295416 1973393 244685 77338 BAD DEBT 669814 669814 42847217 36723477 5104882 1018858 6300448 8638901 1583145 4612439 910098 566793 31617408 31440647 173333 212975 104059129 26070673 79765261 77988456 28110453 25390338 19562603 19425981 333839 2546081 168356588 170822611 2475696 2372328 38328658 40637725 45384635 44009018 2000000 2000000 12546 1792 88201535 89020863 X 78397961 80032027 1757092 1769721 80155053 81801748 168356588 170822611 7383986 -5737291 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11179925 11179925 76161897 18295989 57865908 6405996 3939547 2466449 8410649 3465355 4945294 1900662 369782 1530880 77988456 INVESTMENT IN PARTNERSHIPS 5110019 F REAL ESTATE INVESTMENTS 6677133 F FIXED INCOME 7295537 F SELF STORAGE 343292 F 19425981 X 40606514 -5737291 -5737291 46343805 341450 3545948 3887398 50231203 38959819 0 38959819 341450 3545948 3887398 42847217 PART X, LINE 2: THE SCHOOL IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL'S MANAGEMENT HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,638,453. FUNDRAISING EXPENSES -92,505. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 3,638,453. FUNDRAISING EXPENSES -92,505. 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 ORGANIZATION PUBLISHES ITS RACIALLY NON-DISCRIMINATION POLICY ON THE LANDING PAGE AND IN THE ADMISSIONS SECTION OF ITS WEBSITE AND THE POLICY IS DISTRIBUTED THROUGH ADMISSIONS AND PROMOTIONAL MATERIAL SUCH AS SCHOOL BROCHURES. THE POLICY IS ALSO LISTED IN THE PARENT/STUDENT HANDBOOK, AS WELL AS THE EMPLOYEE HANDBOOK AND IS COMMUNICATED AS PART OF THE EMPLOYMENT APPLICATION. AUCTION - PW 453625 453625 18075 49834 8230 8962 FUND RUN - OW 148675 148675 408 1 67489 2900 64589 5517 669789 605200 64589 408 18075 49834 8230 14479 91026 -26437 1 SCHOLARSHIPS 149 2355143 BOOK VALUE STUDENT TUITION DISCOUNTS (DIRECT CREDIT TO STUDENT ACCOUNT) FINANCIAL AID 190 1283310 BOOK VALUE TUITION ASSISTANCE (DIRECT CREDIT TO STUDENT ACCOUNT) PART I, LINE 2: THE SCHOLARSHIPS ARE AWARDED IN THE FORM OF A TUITION REDUCTION AND ARE MONITORED THROUGH THE TUITION PAYABLE SYSTEM. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 SCOTT RICHES PRESIDENT 448007 0 0 0 10000 0 42400 0 35148 0 535555 0 0 0 MICHELLE HELVEY HEAD OF SCHOOL, OAKWOOD 412298 0 0 0 0 0 42250 0 14080 0 468628 0 0 0 GABRIEL D LEMMON PINEWOOD PRINCIPAL, 7-12 234380 0 0 0 0 0 14063 0 32112 0 280555 0 0 0 JULIE SCHILLING PINEWOOD DIRECTOR OF FINAN 231186 0 0 0 0 0 13277 0 11940 0 256403 0 0 0 AYESHA MASUD PINEWOOD DIRECTOR OF DEVELOPMENT 209480 0 0 0 0 0 12569 0 8469 0 230518 0 0 0 SARAH HAUN PINEWOOD PRINCIPAL, 3-6 189445 0 0 0 0 0 11367 0 24361 0 225173 0 0 0 KAREN A O'DONNELL PINEWOOD PRINCIPAL, K-2 187680 0 0 0 0 0 11261 0 11505 0 210446 0 0 0 LAURA BLOTTER SECRETARY, CURRICULUM DIR. 92465 0 0 0 10000 0 4523 0 58791 0 165779 0 0 0 PART I, LINE 1A FOR THE CONVENIENCE OF THE SCHOOL AND IN FULFILLMENT OF HIS RESPONSIBILITIES, THE PRESIDENT IS REQUIRED TO OCCUPY SCHOOL-OWNED HOUSING AS A CONDITION OF HIS EMPLOYMENT. PART I, LINE 4B THE PRESIDENT AND OAKWOOD HEAD OF SCHOOL BOTH PARTICIPATE IN THE SCHOOL'S NON-QUALIFIED 457(F) PLAN. THE SCHOOL HAS AGREED TO CONTRIBUTE $25,000 INTO THE NON-QUALIFIED 457(F) PLAN IN FOUR CONSECUTIVE YEARS STARTING FROM FISCAL YEAR 19-20. THE PLAN WILL VEST AT THE END OF THE THIRD FISCAL YEAR AFTER EACH ANNUAL CONTRIBUTION IS MADE BY THE EMPLOYER. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 NONEAVAIL 2016-09-29 28000000 TO FINANCE NEW CAPITAL FACILITIES 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048TZZ9 2016-09-29 20155824 TO CURRENTLY REFUND EXISTING BOND 0 0 0 A 2592590 28000000 531795 27468205 2019 1 0 1 1 B 850000 20155824 1265400 409552 18480872 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 SARAH RICHES SPOUSE OF SCOTT RICHES 114889 COMPENSATION 0 KYLE RICHES BROTHER OF SCOTT RICHES 149033 COMPENSATION 0 HEATHER MCCAULEY SISTER OF LAURA BLOTTER, COUSIN OF SCOTT RICHES 94433 COMPENSATION 0 TANYA LEMMON WIFE OF GABRIEL LEMMON 102238 COMPENSATION 0 LAURA BLOTTER RELATED TO SCOTT RICHES 94853 COMPENSATION 0 X 22 228632 FMV 0 1 0 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 ALL OF THE MEMBERS OF THE GOVERNING BOARD ARE CHILDREN OR GRANDCHILDREN OF THE FOUNDERS OF THE CREATIVE CENTER OF LOS ALTOS, THE LATE L. VICTOR RICHES, SR. AND HIS LATE SPOUSE, GWENDOLYN. DENNIS RICHES, L V RICHES, JR, AND KATHLEEN PICKETT ARE BROTHERS AND SISTERS. LAURA BLOTTER IS THE DAUGHTER OF KATHLEEN PICKETT AND SCOTT RICHES IS THE SON OF DENNIS RICHES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS GROUP CONSISTS OF 18 UNCOMPENSATED INDIVIDUALS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS GROUP HAS BOARD OVERSIGHT VIA THEIR POWER TO ELECT NEW GOVERNING BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CURRENTLY, THE MEMBERS HAVE POWER TO VOTE ON TWO MATTERS: 1. THEY MAY ADD ADDITIONAL BOARD MEMBERS. 2. VOTE OF THE MEMBERS IS REQUIRED TO AMEND ARTICLE THREE OF THE BY-LAWS, WHICH PERTAINS TO THE MEMBERSHIPS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ESTABLISHED A FINANCE COMMITTEE COMPOSED OF THE THREE BOARD MEMBERS AND ONE CURRENT PARENT. ONE OF THEIR MANY RESPONSIBILITIES IS TO REVIEW THE FORM 990 IN ITS ENTIRETY FOR ACCURACY, ANSWERS TO QUESTIONS, AND TO GIVE INPUT TO THE CPA PRIOR TO THE FORM BEING FILED. AFTER THEIR REVIEW, A FINAL COPY OF THE 990 IS DISTRIBUTED TO THE ENTIRE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS. IF THERE IS A CONFLICT OF INTEREST WITH AN INDIVIDUAL BOARD MEMBER ON A PARTICULAR ISSUE, THAT BOARD MEMBER IS NOT ALLOWED TO BE A PART OF THE DISCUSSION AND MUST ABSTAIN AS PART OF THE VOTING PROCESS. IF THERE IS A CONFLICT OF INTEREST WITH THE MAJORITY OF THE BOARD MEMBERS, THEN THE PARTICULAR ISSUE AND DISCUSSION AT HAND IS BROUGHT TO THE INDEPENDENT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF PINEWOOD'S PRESIDENT (HEADMASTER), OAKWOOD'S HEAD OF SCHOOL, AND THE SCHOOLS' KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS. IN ESTABLISHING THIS COMPENSATION, THE BOARD TAKES MANY FACTORS INTO CONSIDERATION, INCLUDING THE ROLES AND RESPONSIBILITIES OF THE POSITION ALONG WITH THE HOURS SPENT EACH WEEK. A COMPENSATION STUDY/SURVEY IS CONDUCTED EACH YEAR AND AS PART OF THE SURVEY, OTHER SALARIES OF INDIVIDUALS AT SIMILAR ORGANIZATIONS WITH THE SAME OR SIMILAR ROLES AND RESPONSIBILITIES ARE COMPARED IN ORDER TO SET THE SALARIES. IN ADDITION AN INDEPEDENT COMPENSATION COMMITTEE WAS FORMED ALONG WITH HIRING A COMPENSATION CONSULTANT TO DETERMINE THE SALARY OF THE PINEWOOD PRESIDENT AND THE OAKWOOD HEAD OF SCHOOL. FORM 990 OF OTHER SIMILAR ORGANIZATIONS ARE REVIEWED AND COMPARED AS PART OF THE STUDY AS WELL. EACH INDIVIDUAL IS GIVEN A WRITTEN EMPLOYMENT CONTRACT STIPULATING THEIR SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC BY REQUEST. FOR THE SCHOOL'S FINANCIAL STATEMENTS, EACH YEAR AN ANNUAL SUMMARY IS MAILED TO ALL CURRENT PARENTS, CURRENT FACULTY, AND ALUMNI. FORM 990, PART VII, SECTION A, COMPENSATION OF DIRECTORS: THREE OF THE OFFICERS/DIRECTORS WORK ON A DAILY BASIS AT THE SCHOOL AS THEIR REGULAR JOB/PROFESSION. THE OTHER THREE DIRECTORS SPEND SIGNIFICANT HOURS ON CAMPUS OVERSEEING THE PHYSICAL PLANT AND FINANCIAL AFFAIRS OF THE SCHOOL, AND COMMUNITY OUTREACH FOR THE SCHOOL. THE DIRECTORS' COMPENSATION IS A COMBINATION OF THEIR SALARY FOR THESE SERVICES AND THEIR STIPEND AS A MEMBER OF THE BOARD OF DIRECTORS.