2015-05-15T12:59:31-05:00 2014-06-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2013-07-01 950615438 ROESSLER-CHADWICK FOUNDATION CHADWICK SCHOOL ROES 3103771543 26800 S ACADEMY DRIVE PALOS VERDES PENINSULA CA 90274 JOHN KJENNER CFO 3103771543 2015-05-12 1 DONITA M JOSEPH P00286656 5624351191 2015-04-29 2013 2016-03-07 17:11:31Z FREDERICK T HILL 26800 S ACADEMY DRIVE PALOS VERDES PENINSULA CA 90274 66026177 0 X WWW.CHADWICKSCHOOL.ORG X 1962 CA TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE. 22 22 601 150 0 0 4266126 4919987 45324841 51024905 1310041 836319 330653 180078 51231661 56961289 3120141 3214742 0 0 30366115 33826095 0 0 817120 14961556 16839447 48447812 53880284 2783849 3081005 84865248 94653776 35472633 38507479 49392615 56146297 X SCHOOLS DEDICATED TO ACADEMIC EXCELLENCE AND TO THE DEVELOPMENT OF SELF-CONFIDENT INDIVIDUALS OF EXEMPLARY CHARACTER, AND SELF DISCOVERY THROUGH EXPERIENCE. THE MEMBERS OF THE COMMUNITY LIVE IN ACCORDANCE WITH THEIR CORE VALUES OF RESPECT, RESPONSIBILITY, HONESTY, FAIRNESS, AND COMPASSION. 0 0 23065195 3076420 24094206 CHADWICK SCHOOL, FOUNDED IN 1935, IS LOCATED IN PALOS VERDES PENINSULA, CA, SERVING APPROXIMATELY 828 STUDENTS EACH YEAR, K-12. THROUGH ACTIVE PARTICIPATION IN A DIVERSE SCHOOL COMMUNITY, STUDENTS PREPARE TO CONTRIBUTE MEANINGFULLY TO THEIR LOCAL, NATIONAL, AND GLOBAL COMMUNITIES. TALENTED AND CARING FACULTY AND STAFF CULTIVATE IN EACH STUDENT THE JOY OF LEARNING, SELF-CONFIDENCE, WELL-BEING, AND THE INDIVIDUAL GIFTS THAT EACH POSSESSES. BY LIVING AND LEARNING IN AN ATMOSPHERE OF INTEGRITY AND TRUST, STUDENTS COME TO EXPECT THE BEST OF THEMSELVES AND OTHERS. OTHER PROGRAM SERVICES INCLUDE AN OUTDOOR EDUCATION PROGRAM THAT IS A MANDATORY PROGRAM FOR STUDENTS FROM GRADES 3 THROUGH 12. ITS PURPOSE IS TIED CLOSELY TO THE SCHOOL'S MISSION WHICH IS TO DEVELOP "SELF CONFIDENT INDIVIDUALS OF EXEMPLARY CHARACTER." 18082754 138322 22408999 CHADWICK INTERNATIONAL (CI), FOUNDED IN 2010, IS A PK-12 INTERNATIONAL SCHOOL FULLY EQUIPPED WITH AN EXCEPTIONAL 500,000 SQUARE FOOT, STATE-OF THE-ART FACILITY THAT HAS BEEN BUILT IN THE SONGDO INTERNATIONAL BUSINESS DISTRICT IN INCHEON, SOUTH KOREA. DURING THE SCHOOL YEAR ENDING JUNE 30, 2014, THE SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 730 IN GRADES PK-9. ADDING AN ADDITIONAL UPPER GRADE EACH YEAR, CI WILL SERVE ALL PK-12 GRADES BY THE 2015-16 SCHOOL YEAR. CHADWICK INTERNATIONAL ACHIEVES ITS EDUCATIONAL MISSION THROUGH HIGHLY EXPERIENCED AND DEDICATED FACULTY MEMBERS FROM AROUND THE WORLD. THE CURRICULUM AT CHADWICK INTERNATIONAL IS DESIGNED TO MEET THE EDUCATIONAL STANDARDS OF THE INTERNATIONAL BACCALAUREATE (IB) AS WELL AS THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES(WASC). CI MAINTAINS A TEACHER TO STUDENT RATIO OF 1:8. 581607 806153 SUMMER PROGRAMS ARE OFFERED EVERY YEAR FOR 5 WEEKS FROM JUNE TO JULY FOR KIDS AGES 4-14. PROGRAMS ARE OFFERED COVERING AREAS LIKE ACADEMIC ENRICHMENT, ARTISTIC INSPIRATION, ATHLETIC INSTRUCTION, AND A FUN DAYCAMP EXPERIENCE. THE SCHOOL ALSO OFFERS A BUS SERVICE. 978515 932194 AFTER SCHOOL ACTIVITIES (COMMUNITY PROGRAM, MUSICAL INSTRUMENT PROGRAM) 127981 159031 KOREAN DEGREE CERTIFICATION PROGRAM 133776 147221 CICP & CIPA PROGRAM. 1238634 2477101 ESOL (ENGLISH FOR SPEAKERS OF OTHER LANGUAGE) SUPPORT IS PROVIDED TO THE MAJORITY OF STUDENTS ATTENDING CHADWICK INTERNATIONAL SCHOOL. 2478906 3715547 44208462 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 83 0 1 601 1 0 1 KS 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN KJENNER 3103771543 26800 ACADEMY DR PALOS VERDES CA 90274 JOHN M MIGUELEZ CHAIR 2.00 2.00 X X 0 0 0 CHRISTOPHER J HUTCHISON VICE CHAIR 2.00 X X 0 0 0 LYNN HOPTON DAVIS TREASURER 2.00 X X 0 0 0 MICHAEL S LEBOVITZ SECRETARY 2.00 X X 0 0 0 KENNETH J BARONSKY TRUSTEE 2.00 X 0 0 0 LINDA M CALHOUN TRUSTEE 2.00 X 0 0 0 JOSEPH H CHADWICK TRUSTEE 2.00 X 0 0 0 PHILIP C CHEN TRUSTEE 2.00 X 0 0 0 WILLIAM V DAVIDSON TRUSTEE EMERITUS 2.00 X 0 0 0 KURT R GIBBS TRUSTEE 2.00 X 0 0 0 ANGELA LEWIS HOULE TRUSTEE 2.00 X 0 0 0 PETER YUN HUH TRUSTEE 2.00 X 0 0 0 MARTINE JAGO TRUSTEE 2.00 X 0 0 0 RUTH B MACFARLANE TRUSTEE 2.00 X 0 0 0 TODD MIHM TRUSTEE 2.00 X 0 0 0 LISA A PETRIE TRUSTEE 2.00 X 0 0 0 NICK RICHARDSON TRUSTEE 2.00 X 0 0 0 JENNIE NASH ROBERTSON TRUSTEE 2.00 X 0 0 0 ROBERT B ROESSLER TRUSTEE 2.00 X 0 0 0 LYNNE ROSENBERG TRUSTEE 2.00 X 0 0 0 MICHAEL P TRAPANI TRUSTEE 2.00 X 0 0 0 MARK WOODRUFF TRUSTEE 2.00 X 0 0 0 FREDERICK T HILL C.E.O. 40.00 1.00 X 421504 0 71905 JOHN KJENNER C.F.O. (AS OF 8/15/13) 40.00 1.00 X 72792 0 3631 CHARLIE SACHS HEADMASTER - KOREA 40.00 X 167992 0 19142 JEFF MERCER HEADMASTER - KOREA 40.00 X 232118 0 86587 SUNHOO CHUNG CFO - KOREA 40.00 X 225579 0 33732 SHELLY LUKE WILLE VILLAGE SCHOOL PRINCIPAL - KOREA 40.00 X 203432 0 87951 CRAIG WILLIAMSON DIRECTOR OF MIDDLE SCHOOL - KOREA 40.00 X 199543 0 21296 UNNA HUH EXTERNAL AFFAIRS DIRECTOR - KOREA 40.00 X 230350 0 21213 DAVID MAHER UPPER SCHOOL PRINCIPAL - KOREA 40.00 X 190822 0 33346 CHUL PARK CIO - KOREA 40.00 X 161926 0 21584 PAUL R MAIQUEZ EDUCATION IT DIRECTOR - KOREA 40.00 X 148433 0 15106 BOBBY FAGOGENIS ATHLETIC DIRECTOR - KOREA 40.00 X 152639 0 15731 CONNIE KIM VICE MIDDLE SCHOOL PRINCIPAL - KOREA 40.00 X 163657 0 90059 JACQUELINE CAMERON VICE VILLAGE SCHOOL PRINC. - KOREA 40.00 X 152914 0 117621 2723701 0 638904 28 0 1 0 NEW SONGDO INTERNATIONAL CITY DEVELOPMEN 6-1 SONGDODONG YEONSUGU INCHEON KS 406-130 FACILITY MANAGEMENT, SECURITY, CLEANING 1621995 ROBERT HALF INTERNATIONAL 990 WEST 190TH STREET SUITE 290 TORRANCE CA 90502 WEB SITE MAINTENANCE 201925 KC CONSTRUCTION 419 HIDDEN HILLS LANE ESCONDIDO CA 92029 CONSTRUCTION 100540 3 255350 4664637 343137 4919987 TUITION AND FEES 900099 46344724 46344724 AUXILIARY PROGRAMS 900099 4649581 4649581 YEARBOOK INCOME 900099 30600 30600 51024905 1018718 1018718 246729 122128 124601 124601 124601 8683266 8865665 -182399 -182399 -182399 82197 255350 77095 5102 5102 MISCELLANEOUS 900099 50375 50375 50375 56961289 51024905 0 1016397 3076420 3076420 138322 138322 2069809 711857 1357952 21204879 18708309 2068886 427684 1132888 958647 152941 21300 8274322 6980238 1226043 68041 1144197 939994 171380 32823 84006 84006 193054 193054 230955 230955 58529 58529 141534 36928 104606 369875 221323 148552 4003478 3205310 684027 114141 1028536 496759 531777 3408535 2864007 544528 620698 318146 300672 1880 385534 267792 67817 49925 1251364 1001759 249605 451890 131906 319984 PLANT OPERATING/MAINTEN 1487293 1461009 26284 SUMMER & OTHER PROGRAMS 758204 758204 OUTDOOR EDUCATION & FIE 621932 621932 STUDENT SUPPORT (KOREA) 570684 570684 1173346 738916 417110 17320 53880284 44208462 8854702 817120 750 750 42326672 47302962 989255 1498028 757300 400521 959087 1098581 34398875 15592960 19835369 18805915 18009749 21555429 1518077 1987066 2473513 84865248 94653776 5606887 6286575 23062094 25060208 6600000 6400000 203652 760696 35472633 38507479 X 40534930 47028819 8493567 8752310 364118 365168 49392615 56146297 84865248 94653776 3081005 3672676 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21215105 667184 3040395 679005 24243679 19154774 1622403 1056459 618531 21215105 18833735 1597117 -697960 578118 19154774 15254578 2389688 2023644 831475 18836435 14880929 44444 979112 649907 15254578 0.72300 0.01700 0.26000 0 0 2266053 2266053 26949061 11005689 15943372 3630363 3332308 298055 1553398 1254963 298435 18805915 WITHHOLDING TAXES - INTERNATIONAL SCHOOL 179787 SALES VAT - INTERNATIONAL SCHOOL 21891 DEPOSITS - INTERNATIONAL SCHOOL 39034 TAXES PAYABLE - INTERNATIONAL SCHOOL 473186 ADVANCE RECEIVED - INTERNATIONAL SCHOOL 7513 OTHER LIABILITIES 39285 760696 X 57535929 3672676 -3039507 633169 56902760 58529 58529 56961289 50729141 -3092614 -3092614 53821755 58529 58529 53880284 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO SUPPORT FINANCIAL AID. ENDOWMENT ASSETS ARE INVESTED FOR FUTURE EARNINGS AND EXPENDITURES IN ORDER TO MAINTAIN OR ENHANCE THE PURCHASING POWER OF THE ENDOWMENT. THE SCHOOL OBSERVES A POLICY OF DRAWING 4% ANNUALLY FROM THE ENDOWMENT'S ROLLING THREE-YEAR AVERAGE BALANCE. PART X, LINE 2: THE FOUNDATION IS A PUBLIC CHARITY STRUCTURED AS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION IS EXEMPT FROM INCOME TAXES, DOMESTIC AND FOREIGN, RELATED TO REVENUE RECEIVED IN CONNECTION WITH EXEMPT PROGRAMS. THE FOUNDATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING STATUS AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE FOUNDATION IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA STATE PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHADWICK SCHOLARSHIP FOUNDATION - INTEREST INCOME 11,908. CHADWICK SCHOLARSHIP FOUNDATION - REALIZED LOSS -1,688. CHADWICK SCHOLARSHIP FOUNDATION - UNREALIZED GAINS 63,887. FINANCIAL AID -3,235,742. RENTAL EXPENSES 122,128. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHADWICK SCHOLARSHIP FOUNDATION - GRANT EXPENSES 21,000. RENTAL EXPENSE 122,128. FINANCIAL AID -3,235,742. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NEWSPAPER, BROCHURES, WEBSITE, AND BULLETINS EAST ASIA AND THE PACIFIC - 1 153 EXPENSES FOR PRE-KINDERGARTEN THROUGH 12TH GRADE INTERNATIONAL SCHOOL OPERATION OF A ELEMENTARY, MIDDLE AND HIGH SCHOOL 26197421 EAST ASIA AND THE PACIFIC - 1 ASSETS FOR PRE-KINDERGARTEN THROUGH 12TH GRADE INTERNATIONAL SCHOOL OPERATION OF A ELEMENTARY, MIDDLE AND HIGH SCHOOL 17539215 2 153 0 0 2 153 43736636 0 43736636 TUITION REMISSIONS/SUBSIDIES EAST ASIA AND THE PACIFIC 7 138322 CASH PAYMENTS 0 0 0 0 0 0 PART I, LINE 3: ALL ACCOUNTING RECORDS ARE MAINTAINED BY THE BUSINESS OFFICE ON CAMPUS AT CHADWICK INTERNATIONAL. THE SCHOOL'S FINANCIALS ARE AUDITED ACCORDING TO INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS). CHADWICK SPRING GALA 326906 255350 71556 44259 1250 26047 PIZZA DAY 9462 9462 5539 1 1179 1179 337547 255350 82197 44259 1250 31586 77095 5102 1 FACULTY SCHOLARSHIPS 24 577610 FINANCIAL AID 113 2498810 PART I, LINE 2: STUDENTS WHO RECEIVE FINANCIAL AID HAVE AMOUNTS THAT ARE AWARDED TO THEM CREDITED TO THEIR TUITION ACCOUNTS REDUCING THE AMOUNT PAYABLE. THE FUNDS ARE NOT GIVEN DIRECTLY TO STUDENTS. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 FREDERICK T HILL C.E.O. 237243 0 81000 0 103261 0 22313 0 49592 0 493409 0 0 0 CHARLIE SACHS HEADMASTER - KOREA 141486 0 0 0 26506 0 9192 0 9950 0 187134 0 0 0 JEFF MERCER HEADMASTER - KOREA 185754 0 0 0 46364 0 12907 0 73680 0 318705 0 0 0 SUNHOO CHUNG CFO - KOREA 198413 0 0 0 27166 0 18766 0 14966 0 259311 0 0 0 SHELLY LUKE WILLE VILLAGE SCHOOL PRINCIPAL - KOREA 163301 0 0 0 40131 0 9803 0 78148 0 291383 0 0 0 CRAIG WILLIAMSON DIRECTOR OF MIDDLE SCHOOL - KOREA 148892 0 0 0 50651 0 9745 0 11551 0 220839 0 0 0 UNNA HUH EXTERNAL AFFAIRS DIRECTOR - KOREA 170069 0 0 0 60281 0 14363 0 6850 0 251563 0 0 0 DAVID MAHER UPPER SCHOOL PRINCIPAL - KOREA 154002 0 0 0 36820 0 9880 0 23466 0 224168 0 0 0 CHUL PARK CIO - KOREA 142932 0 0 0 18994 0 9608 0 11976 0 183510 0 0 0 PAUL R MAIQUEZ EDUCATION IT DIRECTOR - KOREA 121759 0 8215 0 18459 0 7584 0 7522 0 163539 0 0 0 BOBBY FAGOGENIS ATHLETIC DIRECTOR - KOREA 122672 0 10059 0 19908 0 8195 0 7536 0 168370 0 0 0 CONNIE KIM VICE MIDDLE SCHOOL PRINCIPAL - KOREA 127922 0 9755 0 25980 0 6675 0 83384 0 253716 0 0 0 JACQUELINE CAMERON VICE VILLAGE SCHOOL PRINC. - KOREA 133835 0 8630 0 10449 0 7491 0 110130 0 270535 0 0 0 PART I, LINE 1A WHEN FACULTY/STAFF RELOCATE TO THE KOREA FACILITY THE SCHOOL PROVIDES AIRLINE TICKETS FOR THEIR DEPENDENTS. THE SCHOOL ALSO COVERS THE LOCAL TAXES FOR FACULTY/STAFF WORKING OVERSEAS. FREDERICK HILL RECEIVES AN ALLOWANCE FOR DISCRETIONARY SPENDING. THE SPENDING ALWAYS BENEFITS THE SCHOOL. FREDERICK HILL RECEIVES A HOUSING ALLOWANCE AS HE IS REQUIRED TO LIVE NEAR CAMPUS AS PART OF HIS JOB DUTIES. PART I, LINE 3 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE TOTAL COMPENSATION OF THE SCHOOL'S HEADMASTER. COMPENSATION IS ESTABLISHED THROUGH THE USE OF MARKET DATA PROVIDED BY THIRD PARTIES AND PUBLIC DISCLOSURES BY COMPARABLE SCHOOLS. COMPENSATION IS APPROVED BY THE BOARD. THE HEADMASTER REVIEWS AND APPROVES THE COMPENSATION FOR ALL KEY EMPLOYEES. COMPENSATION IS DETERMINED THROUGH THE USE OF MARKET DATA BY THIRD PARTIES AND PUBLIC DISCLOSURES BY COMPARABLE SCHOOLS. SCHEDULE J, PART II, COLUMN D CERTAIN U.S. BASED EMPLOYEES RECEIVE TUITION REMISSION FOR THEIR CHILD(REN) UNDER A GRANDFATHERED BENEFIT PROGRAM. ALL EMPLOYEES OF THE SOUTH KOREAN CAMPUS RECEIVE THIS BENEFIT. TUITION REMISSION, IF RECEIVED, IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). X 22 178024 AVERAGE OF HIGH & LOW 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF PERSONS WHOM DONATED ITEMS. PART I, LINE 32B: A BROKER IS USED TO RECEIVE AND SELL NON-CASH SECURITIES. FORM 990, PART VI, SECTION A, LINE 1 OUR BYLAWS STATE THAT "THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ANY AND ALL OF THE POWERS AND AUTHORITY OF THE BOARD OF TRUSTEES DURING INTERVALS BETWEEN MEETINGS OF THE FULL BOARD OF TRUSTEES, EXCEPT THAT IT SHALL NOT HAVE THE POWER TO ADOPT, AMEND OR REPEAL THE BYLAWS OR TAKE SUCH OTHER ACTION AS IS PROHIBITED OR NOT AUTHORIZED BY LAW." FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE IS PRESENTED A DRAFT OF THE FORM 990 FOR REVIEW. A COPY OF THE FINAL FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH NEW TRUSTEE COMPLETES A "CONFLICT OF INTEREST" QUESTIONNAIRE AND THEN ANNUALLY EACH BOARD MEMBER COMPLETES THE "GOVERNANCE CONFLICT" QUESTIONNAIRE. UPON IDENTIFICATION OF A CONFLICT OF INTEREST, THE CHAIRMAN AND THE BOARD WILL BEST DETERMINE HOW TO PROCEED AND WHETHER RESIGNATION IS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE TOTAL COMPENSATION OF THE SCHOOL'S HEADMASTER. EACH YEAR, COMPETITIVE COMPENSATION GUIDELINES ARE ESTABLISHED THROUGH THE USE OF MARKET DATA PROVIDED BY THIRD PARTY SURVEYS AND PUBLIC DISCLOSURES BY RELEVANT COMPARABLE SCHOOLS. IN ALL CASES, THE PROCESS INCLUDES: USE OF COMPARABLES, APPROVAL BY EITHER THE BOARD OF TRUSTEES OR A DESIGNATED COMMITTEE THEREOF, AND CONTEMPORANEOUS DOCUMENTATION OF THE DECISION MAKING PROCESS. THE PROCESS DESCRIBED ABOVE IS APPLIED TO OTHER EXECUTIVE POSITIONS, INCLUDING THE CHIEF FINANCIAL OFFICER AND DIRECTOR OF ADVANCEMENT, IN THE EVENT OF MATERIAL CHANGES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, THE DETERMINATION LETTER, THE CONFLICT OF INTEREST, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY THE PUBLIC. A COPY OF THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG. CHADWICK SCHOLARSHIP FOUNDATION 26800 S ACADEMY DRIVE PALOS VERDES ESTATES CA 90274 237149456 PROVIDE SOURCES TO PAY TUITION FOR NEEDY STUDENTS CA 501(C)(3) LINE 11A, I ROESSLER-CHADWICK FOUNDATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CHADWICK SCHOLARSHIP FOUNDATION B 21000 ENDOWMENT APPROPRIATIONS