Harvard-Westlake School in N Hollywood, California (CA)

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Harvard-Westlake School
Employer Identification Number (EIN)951644019
Name of OrganizationHarvard-Westlake School
Address3700 Coldwater Canyon Ave, N Hollywood, CA 91604-2301
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date04/1938
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$282,882,545
Amount of Income$93,146,139
Form 990 Revenue Amount$84,485,572
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12


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Amount of income in 2013: $93,146,139
This organization: 

 $93,146,139
Other organizations performing similar types of work: 

 $11,570,202

Assets in 2013: $282,882,545
Harvard-Westlake School: 

 $282,882,545
Other organizations performing similar types of work: 

 $20,182,458

Expenses in 2013: $68,887,063
Harvard-Westlake School: 

 $68,887,063
Other organizations performing similar types of work: 

 $10,663,440

Income to expenses ratio in 2013: 1.4
This organization: 

 1.4
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 78.0%
Harvard-Westlake School: 

 78.0%
Other organizations performing similar types of work: 

 79.8%

Number of employees in 2013: 686
This organization: 

 686
Other organizations performing similar types of work: 

 188

Employees paid over $100,000 in 2013: 9.3%
This organization: 

 9.3%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 31.9%
Harvard-Westlake School: 

 31.9%
Other organizations performing similar types of work: 

 12.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?YesNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?YesNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?YesNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?YesNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoYes
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoYes
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096140153
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return669686
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYes
Did the organization notify the donor of the value of the goods or services provided?YesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$2,057,723$4,177,705
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$594,794$378,953
Total number of individuals who received more than $100,000 of reportable compensation from the organization1145
Total number of independent contractors who received more than $100,000 of compensation from the organization2019
Statement of Revenue
201120122013
Total revenue$67,554,250$64,920,012$84,485,572
Contributions, Gifts, Grants and Other Similar Amounts$15,274,078$9,310,185$26,969,131
Program Service Revenue$50,542,524$52,253,062$54,016,133
Educational Support Services$49,469,288$51,048,883
Educational Support Services$2,783,774$2,967,250
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$953,667$1,155,668$1,097,881
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$151,956$130,512$152,262
Gross rents (Real / Personal)$153,251 / $0$130,512 / $0$152,262 / $0
Less: rental expenses (Real / Personal)$1,295 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$151,956 / $0$130,512 / $0$152,262 / $0
Net gain/loss from sales of assets other than inventory$61,306$1,524,015$1,713,168
Gross amount from sales of assets other than inventory (Securities / Other)$2,947,550 / $0$8,951,000 / $0$9,126,321 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,886,244 / $0$7,426,985 / $0$7,413,153 / $0
Gain or (loss) (Securities / Other)$61,306 / $0$1,524,015 / $0$1,713,168 / $0
Net income/loss from fundraising events$217,686$221,992$215,007
Gross income from fundraising events$316,804$345,338$345,420
Less: direct expenses$99,118$123,346$130,413
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$353,033$324,578$321,990
Gross sales of inventory, less returns and allowances$1,363,404$1,431,981$1,438,991
Less: cost of goods sold$1,010,371$1,107,403$1,117,001
Miscellaneous Revenue$0$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$64,405,711$65,323,539$68,887,063
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$7,564,676$7,903,918
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,283,403$1,352,811$1,577,594
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$24,305,747$24,644,451$26,084,032
Pension plan accruals and contributions$2,443,668$2,420,181
Other employee benefits$2,721,802$3,300,858
Payroll taxes$1,874,906$1,979,832$2,017,409
Fees for services (non-employees)
Management$0$0
Legal$112,575$315,558
Accounting$110,533$81,097
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$493,713$652,784
Other$3,553,439$3,713,797
Advertising and promotion$128,825$119,259
Office expenses$666,286$810,550
Information technology$1,003,484$797,087
Royalties$0$0
Occupancy$4,047,827$4,442,679
Travel$200,561$220,601
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$48,356$44,596
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$8,452,091$8,835,633
Insurance$1,034,295$1,099,072
Other expenses$2,645,667$2,635,591
Other expenses$1,419,186$1,583,763
Other expenses$350,864$251,232
Other expenses$348,597$-20,228
Balance Sheet
201120122013
Total assets$231,892,928$253,811,589$282,882,545
Cash - non-interest-bearing$151,691$69,592
Savings and temporary cash investments$2,869,189$2,905,200
Pledges and grants receivable, net$16,151,911$25,514,404
Accounts receivable, net$257,198$382,555
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$356,668$363,001
Prepaid expenses and deferred charges$534,879$596,810
Land, buildings, and equipment: cost or other basis$139,572,853$148,210,170
Investments - publicly traded securities$86,896,889$102,810,095
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$7,020,311$2,030,718
Total liabilities$14,543,805$13,677,893$13,030,766
Accounts payable and accrued expenses$3,156,658$1,967,422
Grants payable$0$0
Deferred revenue$9,227,324$9,755,674
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$237,748$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,056,163$1,307,670
Total net assets or fund balances$217,349,123$240,133,696$269,851,779
Unrestricted net assets$163,057,908$169,563,577
Temporarily restricted net assets$48,100,946$67,663,423
Permanently restricted net assets$28,974,842$32,624,779
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$42,680,554$43,572,670$48,172,433$56,283,887$54,635,125$74,919,428$79,287,794$78,756,646
Contributions, gifts, grants, and similar amounts received$10,129,416$9,843,115$13,322,412$19,874,392$12,448,714$32,935,209$23,057,739$25,743,783
Contributions to donor advised funds$0$0
Direct public support$10,129,416$9,843,115$13,322,412$19,874,392$12,448,714$32,935,209$23,057,739$25,743,783
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$26,620,251$29,328,183$31,457,976$33,860,849$36,462,245$38,939,719$41,903,864$43,029,598
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$739,544$396,136$895,033$238,360$710,608$476,916$1,582,315$2,247,049
Dividends and interest from securities$831,925$696,560$396,620$246,462$93,068$934,292$2,387,285$976,732
Net rental income or (loss)$186,191$150,532$251,760$40,044$-79,301$-60,574$141,150$106,567
Gross rents$352,500$362,600$403,060$79,905$78,750$95,700$141,150$143,008
Less: rental expenses$166,309$212,068$151,300$39,861$158,051$156,274$0$36,441
Other investment income$115,226$113,531$749,749$104,497$104,503$104,507$107,745$4,234,353
Gain or (loss) from sales of assets other than inventory$3,794,070$2,820,706$854,204$1,660,357$4,627,888$1,341,107$9,694,424$2,099,594
Gross amount from sales of assets other than inventory$12,764,766$16,605,820$17,192,344$21,794,965$25,500,779$36,120,250$25,902,544$13,983,723
Less: cost or other basis and sales expenses$8,970,696$13,785,114$16,338,140$20,134,608$20,872,891$34,779,143$16,208,120$11,884,129
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$263,631$223,907$244,679$258,926$267,400$140,979$259,753$318,970
Gross sales of inventory, less returns and allowances$1,007,857$1,066,009$1,091,706$1,144,338$1,109,310$1,161,702$1,293,084$1,447,224
Less: cost of goods sold$744,226$842,102$847,027$885,412$841,910$1,020,723$1,033,331$1,128,254
Other revenue$300$0$0$0$0$107,273$153,519$0
Total expenses$35,087,801$37,354,301$43,561,042$47,068,586$46,620,896$45,938,059$46,872,752$51,657,586
Program services$27,885,985$29,908,018$33,385,818$35,489,505$36,414,018$36,301,996$36,557,051$40,311,478
Management and general$6,073,351$6,414,690$8,770,956$9,724,422$8,149,824$7,447,761$8,040,979$8,795,089
Fundraising$1,128,465$1,031,593$1,404,268$1,854,659$2,057,054$2,188,302$2,274,722$2,551,019
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$96,120,353$101,714,549$106,502,385$120,854,618$128,896,027$159,967,660$195,527,034$207,628,448
Excess or (deficit) for the year$7,592,753$6,218,369$4,611,391$9,215,301$8,014,229$28,981,369$32,415,042$27,099,060
Net assets or fund balances at beginning of year$82,415,278$96,120,353$101,714,549$106,502,385$120,854,618$128,896,027$159,967,660$195,527,034
Other changes in net assets or fund balances$6,112,322$-624,173$176,445$5,136,932$27,180$2,090,264$3,144,332$-14,997,646
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$51,657,586$40,311,478$8,795,089$2,551,019
Grants paid from donor advised funds$0
Other grants and allocations$5,000,457
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$888,470$324,315$402,811$161,344
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$24,126,878$18,481,116$4,515,250$1,130,512
Pension plan contributions not included above$1,650,291$1,234,732$332,401$83,158
Employee benefits not included above$2,805,102$2,210,769$475,397$118,936
Payroll taxes$1,726,084$1,291,442$347,663$86,979
Professional fundraising fees$443,500$434,630$8,870$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$4,799,333$4,712,464$78,709$8,160
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$3,013,111$2,958,574$49,415$5,122
Other expenses not covered above$7,204,360$3,662,979$2,584,573$956,808
Balance Sheets
20002001200220032004200520062007
Total assets$104,266,260$110,255,742$116,249,069$130,155,161$139,115,044$170,955,923$209,527,924$231,086,935
Cash - non-interest-bearing$454,855$214,240$0$0$0$0$0$1,055,151
Savings and temporary cash investments$13,811,152$9,563,394$12,573,293$14,823,925$24,185,868$11,473,020$76,754,059$43,793,893
Accounts receivable less allowance for doubtful accounts$137,580$177,846$205,345$88,305$26,318$192,924$328,964$374,543
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$400,000$0$0$250,000$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$31,472$38,585$46,014$45,386$3,432$6,420$30,935$0
Inventories for sale or use$373,431$369,713$390,348$383,501$502,088$449,459$405,048$432,985
Prepaid expenses and deferred charges$867,622$309,807$1,496,040$409,244$541,928$834,905$815,593$717,125
Investments - publicly-traded securities$50,032,635$49,352,095
Investments - other securities$36,747,378$44,900,628$46,308,655$54,690,344$56,951,504$90,445,055$427,351$2
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$1$1$1$4$3$3$0$0
Land, buildings, and equipment less accumulated depreciation$51,442,769$54,681,528$55,229,373$58,696,830$56,111,281$57,537,473$79,818,667$134,484,434
Other assets, including program-related investments$0$0$0$767,622$792,622$10,016,664$914,672$876,707
Total liabilities$8,145,907$8,541,193$9,746,684$9,300,543$10,219,017$10,988,263$14,000,890$23,458,487
Accounts payable and accrued expenses$1,648,270$2,242,978$3,001,554$2,235,845$2,379,894$2,809,628$5,536,027$14,433,146
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$4,992,705$4,836,926$4,963,066$5,507,570$6,361,833$7,171,375$7,445,357$8,122,707
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$1,504,932$1,461,289$1,782,064$1,557,128$1,477,290$1,007,260$1,019,506$902,634
Total liabilities and net assets/fund balances$104,266,260$110,255,742$116,249,069$130,155,161$139,115,044$170,955,923$209,527,924$231,086,935
Total net assets or fund balances$96,120,353$101,714,549$106,502,385$120,854,618$128,896,027$159,967,660$195,527,034$207,628,448
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$42,680,554$43,572,670$48,172,433$56,283,887$54,635,125$74,919,428$79,287,794$78,756,646
Total revenue, gains, and other support per audited financial statements$49,699,158$44,005,116$45,596,153$58,545,769$51,223,445$74,606,644$75,281,955$59,017,014
Other expenses$7,133,830$545,977$1,702,687$1,441,106$1,791,965$-1,765,274$-4,931,425$-16,137,067
Net unrealized gains on investments$6,112,322$-624,173$176,445$5,135,932$0$2,090,264$-607,264$-14,997,646
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$1,021,508$1,170,150$1,526,242$-3,694,826$1,791,965$-3,855,538$-4,324,161$-1,139,421
Other revenue$115,226$113,531$4,278,967$-820,776$5,203,645$-1,452,490$-925,586$3,602,565
Investment expenses$0$0$0$0$0$0$0$532,907
Other$115,226$113,531$4,278,967$-820,776$5,203,645$-1,452,490$-925,586$3,069,658
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$35,087,801$37,354,301$43,561,042$47,068,586$46,620,896$45,938,059$46,872,752$51,657,586
Total expenses and losses per audited financial statements$36,053,555$38,470,392$41,115,915$44,236,140$43,223,638$43,573,148$43,519,248$47,309,962
Other revenue$970,754$1,116,091$1,084,091$967,122$1,041,804$1,595,369$1,079,031$1,185,740
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$970,754$1,116,091$1,084,091$967,122$1,041,804$1,595,369$1,079,031$1,185,740
Other expenses$5,000$0$3,529,218$3,799,568$4,439,062$3,960,280$4,432,535$5,533,364
Investment expenses$0$0$0$0$0$0$0$532,907
Other$5,000$0$3,529,218$3,799,568$4,439,062$3,960,280$4,432,535$5,000,457
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$185,000$26,843$0
40$345,450$240,616$90,561
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings36
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006399
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$9,983,265$43,029,598
Program service revenue
Program service revenue 1000000$000$0$40,684,270
Program service revenue 2000000$000$0$2,345,328
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,247,049$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$976,732$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$106,567$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$4,234,353$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$2,099,594$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$318,970$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$200,000$32,351$1,760
$189,300$33,673$6,600
$156,000$23,666$0
$135,000$25,849$0
$134,500$23,422$0
Total number of other employees paid over $50,000220
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Aspire Public Schools1001 22nd Ave Ste 100, Oakland, CA 94606-5232CA1999-12$151,550,413
2Harvard-Westlake School3700 Coldwater Canyon Ave, N Hollywood, CA 91604-2301CA1938-04$93,146,139
3The Harker School4525 Union Ave, San Jose, CA 95124-3530CA1995-02$79,246,857
4Polytechnic School1030 E California Blvd, Pasadena, CA 91106-4042CA1935-08$70,248,391
5Roessler-Chadwick Foundation26800 S Academy Drive, Palos Verdes Peninsula, CA 90274-3980CA1971-03$65,696,972
6Marlborough School250 S Rossmore Ave, Los Angeles, CA 90004-3739CA1962-05$61,651,371
7Robert Louis Stevenson School3152 Forest Lake Rd, Pebble Beach, CA 93953-3200CA1953-12$58,933,872
8La Jolla Country Day School9490 Genesee Ave, La Jolla, CA 92037-1302CA1957-09$53,880,257
9Crossroads School For Arts And Sciences1714 21st St, Santa Monica, CA 90404-3917CA1971-07$50,149,200
10Viewpoint Educational Foundation23620 Mulholland Hwy, Calabasas, CA 91302-2060CA1965-07$45,969,206
11Imagine Schools Non-Profit Inc1005 N Glebe Rd Ste 610, Arlington, VA 22201-5758VA2012-06$87,332,731
12Texas Migrant Council Inc, Tmc5215 Mcpherson Rd, Laredo, TX 78041-7324TX1988-06$76,392,244
13Walnut Hill School For The Arts12 Highland St, Natick, MA 01760-2140MA1961-01$27,169,877
14Aplus Charter Schools Inc8225 Bruton Rd, Dallas, TX 75217-1903TX1999-06$19,578,252
15Waynflete School360 Spring St, Portland, ME 04102-3643ME1943-02$17,754,153
16Academy For Urban Leadership Charter High School401 Hall Ave, Perth Amboy, NJ 08861-3204NJ2013-09$6,496,582
17Swift Learning Center Inc, Swift School300 Grimes Bridge Rd, Roswell, GA 30075-4645GA1999-12$5,393,002
18Toddler Towers CorporationPO BOX 130, Loyalton, CA 96118-0130CA1994-04$191,465
19Sequoia Christian Academy IncPO BOX 1876, Delano, CA 93216-1876CA2007-07$128,651
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Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas4
Arizona5
California57
Colorado8
Connecticut15
District of Columbia4
Delaware6
Florida24
Georgia32
Hawaii5
Iowa4
Idaho3
Illinois19
Indiana6
Kansas3
Kentucky7
Louisiana7
Massachusetts21
Maryland23
Maine4
Michigan7
Minnesota12
Missouri8
Mississippi5
Montana2
North Carolina13
New Hampshire3
New Jersey20
New Mexico5
Nevada3
New York48
Ohio27
Oklahoma2
Oregon7
Pennsylvania31
South Carolina5
South Dakota3
Tennessee22
Texas32
Utah2
Virginia22
Vermont2
Washington20
Wisconsin8
West Virginia2
International4
Total579

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