2025-04-25T11:44:48-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2023-07-01 941527492 CREATIVE CENTER OF LOS ALTOS CREA 6502093030 327 FREMONT AVENUE LOS ALTOS CA 940244861 SCOTT RICHES PRESIDENT 6502093030 2025-04-24 1 1 MATTHEW PETROSKI P00853132 4082006400 2025-04-24 2023 2025-03-06 01:10:19Z PINEWOOD AND OAKWOOD SCHOOL SCOTT RICHES 327 FREMONT AVENUE LOS ALTOS CA 940244861 80246273 0 X WWW.PINEWOOD.EDU, WWW.OAKWOODWAY.ORG X 1962 CA INDEPENDENT SCHOOLS SERVING GRADES K-12 WITH APPROXIMATELY 1,270 STUDENTS. 5 0 405 400 -9486 0 5880248 19879913 46678345 50114211 1408554 2924651 828027 759055 54795174 73677830 6064453 4133718 0 0 28047835 31668806 0 0 1112409 14109000 14362978 48221288 50165502 6573886 23512328 220960861 250866312 129945464 133723856 91015397 117142456 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 (CONTINUED ON SCHEDULE O)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 43969354 4133718 50114211 OPERATION OF FULL TIME ELEMENTARY, MIDDLE, AND HIGH SCHOOLS, WITH APPROXIMATELY 1,270 STUDENTS. 43969354 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 1 0 0 0 0 0 0 0 0 1 91 0 1 405 1 0 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 & PINEWOOD HEAD 65.00 X X 514484 0 44176 LAURA BLOTTER SECRETARY, CURRICULUM DIR.K-6 40.00 X X 111233 0 68084 KATHLEEN PICKETT BOARD MEMBER, CURRICULUM OVERSIGHT 15.00 X 22815 0 0 DENNIS RICHES BOARD MEMBER, FINANCIAL OVERSIGHT 10.00 X 10000 0 0 L VICTOR RICHES BOARD MEMBER, FACILITIES OVERSIGHT 10.00 X 10000 0 0 MICHELLE HELVEY HEAD OF SCHOOL, OAKWOOD 65.00 X 461665 0 49006 SARAH HAUN PINEWOOD HEAD OF MIDDLE CAMPUS 55.00 X 225073 0 27934 GABRIEL D LEMMON PINEWOOD HEAD OF UPPER CAMPUS 55.00 X 237369 0 14989 AYESHA MASUD PINEWOOD DIRECTOR OF DEVEL 55.00 X 220211 0 28231 BRYNN HAMBLY PINEWOOD HEAD OF MIDDLE CAMPUS 55.00 X 193450 0 45860 CHRISTINE SHALES OAKWOOD HEAD OF LOWER AND MIDDLE CAMPUS 55.00 X 194756 0 610 2201056 0 278890 90 0 1 0 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 FACILITIES MAINTENANCE AND JANITORIAL SE 704174 ALL CITIES LIMOUSINE 6062 PIPIT WAY GILROY CA 95020 TRANSPORTATION SERVICES 288412 EPICUREAN GROUP 111 MAIN ST 3 LOS ALTOS CA 94022 FOOD SERVICE PROVIDER 206741 ANAGO OF NORTHERN CALIFORNIA 1460 KOLL CIRCLE STE B SAN JOSE CA 95112 CAMPUS CLEANING SERVICES 175802 ARMANINO LLP PO BOX 888285 LOS ANGELES CA 90088 AUDIT AND TAX SERVICES 114388 6 250688 710128 18919097 311522 19879913 TUITION AND FEES 611600 49883573 49883573 OTHER PROGRAM REVENUE 611600 230638 230638 50114211 1940490 1940490 98955 0 98955 98955 98955 7371862 48506 6391701 44506 980161 4000 984161 984161 78001 250688 132236 -54235 -54235 PARTNERSHIP INVESTMENT 611710 714335 -9486 723821 714335 73677830 50114211 -9486 3693192 525 525 4133193 4133193 1402731 641407 516195 245129 23419162 20377576 2477533 564053 935805 891950 43855 4214279 3754928 378316 81035 1696829 1501842 157427 37560 23669 23669 121383 121383 347584 347584 1752513 1577673 126823 48017 109036 109036 775437 304470 457531 13436 345954 288065 50500 7389 3473854 3392937 100 80817 256123 210665 45458 3281 3281 1688972 1684314 4658 2939715 2939715 264439 264439 STUDENT ACTIV & FLD TRI 2248571 2158453 58426 31692 OTHER EXP 12447 2605 9842 50165502 43969354 5083739 1112409 9297026 4171021 3633032 6108902 6792 15321965 36708900 39597157 172231 199910 107853888 31746522 76903347 76107366 30865872 37789300 24389653 34085812 38984008 37484879 220960861 250866312 2739865 4488755 44977047 48723914 42604432 41105283 2000000 2000000 37624120 37405904 129945464 133723856 X 89640362 100244326 1375035 16898130 91015397 117142456 220960861 250866312 23512328 2614731 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11179925 11179925 76354292 21926915 54427377 6555919 4077583 2478336 10789399 5377163 5412236 2974353 364861 2609492 76107366 INVESTMENT IN PARTNERSHIPS 7590583 F REAL ESTATE INVESTMENTS 6784483 F FIXED INCOME 8103045 F SELF STORAGE 484992 F COMMODITIES 303546 F PRIVATE EQUITY FUND 720296 F UNITED STATES TREASURY BILLS 10098867 F 34085812 DEPOSITS 158827 OTHER RECIEVABLE 115438 NOTES RECEIVABLE 92241 OPERATING LEASE RIGHT-OF USE ASSET 37118373 37484879 OPERATING LEASE LIABILITY 37165682 LOANS PAYABLE 240222 37405904 X 71944020 2614731 132236 2746967 69197053 347584 4133193 4480777 73677830 45816961 132236 132236 45684725 347584 4133193 4480777 50165502 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. IN ADDITION, THE SCHOOL PAYS INCOME TAX ASSOCIATED WITH CERTIAN INVESTMENTS IN PARTNERSHIPS ENGAGED IN ACTIVITIES UNRELATED TO THE SCHOOL'S TAX EXEMPT PURPOSE. THERE WAS NO MATERIAL UNRELATED BUSINESS INCOME TAX PAID DURING THE ENDED JUNE 30, 2024. THE SCHOOL'S MANAGEMENT HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 132,236. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,133,193. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 132,236. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 4,133,193. 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. 2024 AUCTION - PW 249538 249538 64655 42202 DINNER AUCTION - OW 79151 1150 78001 6879 1 18500 328689 250688 78001 18500 64655 49081 132236 -54235 1 0 0 FINANCIAL AID 164 2701629 BOOK VALUE TUITION ASSISTANCE (DIRECT CREDIT TO STUDENT ACCOUNT) SCHOLARSHIPS 189 1431564 BOOK VALUE STUDENT TUITION DISCOUNTS (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. THE ENTITY CHOOSES WHICH CHARITIES THEY WISH TO DONATE FUNDS TO AND REGULARLY REVIEWS REPORTS TO SUBSTANTIATE THAT DONATION PAYMENTS ARE MADE ACCORDINGLY TO THE ENTITY'S CHOSEN CHARITIES. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 SCOTT RICHES PRESIDENT & PINEWOOD HEAD 482420 0 0 0 32064 0 19800 0 24376 0 558660 0 22064 0 MICHELLE HELVEY HEAD OF SCHOOL, OAKWOOD 429235 0 0 0 32430 0 19050 0 29956 0 510671 0 30030 0 SARAH HAUN PINEWOOD HEAD OF MIDDLE CAMPUS 225073 0 0 0 0 0 0 0 27934 0 253007 0 0 0 GABRIEL D LEMMON PINEWOOD HEAD OF UPPER CAMPUS 237369 0 0 0 0 0 0 0 14989 0 252358 0 0 0 AYESHA MASUD PINEWOOD DIRECTOR OF DEVEL 220211 0 0 0 0 0 0 0 28231 0 248442 0 0 0 BRYNN HAMBLY PINEWOOD HEAD OF MIDDLE CAMPUS 193450 0 0 0 0 0 0 0 45860 0 239310 0 0 0 CHRISTINE SHALES OAKWOOD HEAD OF LOWER AND MIDDLE CAM 194756 0 0 0 0 0 0 0 610 0 195366 0 0 0 LAURA BLOTTER SECRETARY, CURRICULUM DIR.K-6 101233 0 0 0 10000 0 0 0 68084 0 179317 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. IN THE 2023 CALENDAR YEAR, NO CONTRIBUTIONS WERE MADE TO THE NON-QUALIFIED 457(F) PLAN. IN CALENDAR YEAR 2024, THE CONTRIBUTION WILL BE $50,000 SINCE THERE WERE NO CONTRIBUTIONS MADE IN CALENDAR YEAR 2023. IN THE 2023 CALENDAR YEAR, $22,064 (INCLUDING THE ORIGINAL CONTRIBUTION AND GAIN ON THE INVESTMENT) WAS VESTED AND DISTRIBUTED FOR THE PRESIDENT AND PINEWOOD HEAD OF SCHOOL. THIS AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), AND ON SCHEDULE J, PART II, COLUMN (F). SIMILARLY, DURING THE 2023 CALENDAR YEAR, $30,030 (INCLUDING THE ORIGINAL CONTRIBUTION AND GAIN ON THE INVESTMENT) WAS VESTED AND DISTRIBUTED FOR THE OAKWOOD HEAD OF SCHOOL. THIS AMOUNT HAS ALSO BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), AND ON SCHEDULE J, PART II, COLUMN (F). 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 4666663 28000000 531795 27468205 2019 1 0 1 1 B 1770000 20155824 1265400 409552 18480872 2008 1 0 1 1 A 0 1 0 0 0.00770 0.00000 0.00770 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SARAH RICHES SPOUSE OF SCOTT RICHES 127288 COMPENSATION 0 KYLE RICHES BROTHER OF SCOTT RICHES 144620 COMPENSATION 0 HEATHER MCCAULEY SISTER OF LAURA BLOTTER, COUSIN OF SCOTT RICHES 103369 COMPENSATION 0 TANYA LEMMON WIFE OF GABRIEL LEMMON 119009 COMPENSATION 0 LAURA BLOTTER RELATED TO SCOTT RICHES 101233 COMPENSATION 0 ANGELA BANKS SISTER OF MICHELLE HELVEY 11355 COMPENSATION 0 X 3642 FMV X 41 235152 FMV X TRAVEL PACKAGES 8 23645 X DONATED AUCTION ITEMS 9 18625 X SPECIAL EVENT TICKETS 7 10402 X LIGHTING FOR THEATER 1 6686 X EVENT/ACTIVITY TICKETS 35 6417 X FOOD & BEVERAGE 29 4918 X LEGOS FOR ROBOTICS 1 1886 X TECHNOLOGY GOODS 1 150 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS 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 THE PRESIDENT AND PINEWOOD'S HEAD OF SCHOOL, 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.