2024-05-14T23:38:59-05:00 2023-06-30 946214841 ARMANINO LLP 11766 WILSHIRE BLVD 9TH FLOOR LOS ANGELES CA 90025 990 2022-07-01 954823489 NEW ROADS SCHOOL NEWR 3108285582 3131 OLYMPIC BLVD SANTA MONICA CA 90404 RYAN HAWLEY INTERIM HEAD OF SCHOOL 3108285582 2024-05-14 1 RYAN HAWLEY 999009999 0 KATY BROWN P00650274 3104784148 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RYAN HAWLEY 3131 OLYMPIC BLVD SANTA MONICA CA 90404 36211393 0 X WWW.NEWROADS.ORG X 1995 CA TO SERVE AS A MODEL FOR EDUCATION IN AN ETHNICALLY AND CULTURALLY DIVERSE COMMUNITY. 16 16 145 85 0 0 3798575 1452865 25471411 26369569 71368 132287 194229 42933 29535583 27997654 7112339 8136229 0 0 14653772 17597368 8614 21375 1512323 6677360 8030417 28452085 33785389 1083498 -5787735 78581821 72999817 41564350 42696887 37017471 30302930 X NEW ROADS SCHOOL IS AN INDEPENDENT SCHOOL IN LOS ANGELES SERVING GRADES K-12. IT WAS ESTABLISHED IN 1995 AS A MODEL FOR EDUCATION IN AN ETHNICALLY, CULTURALLY, AND SOCIO-ECONOMICALLY DIVERSE COMMUNITY. NEW ROADS RESTS UPON SEVERAL FUNDAMENTAL COMMITMENTS (SEE SCHEDULE O)(1) DEVELOPMENT OF A STUDENT POPULATION OF SOCIAL, ECONOMIC, ETHNIC, AND RACIAL DIVERSITY, (2) DEVELOPMENT OF EACH STUDENT'S FULL HUMAN POTENTIAL, (3) ACADEMIC EXCELLENCE AND EXCELLENCE IN THE ARTS, (4) BEHAVING RESPONSIBLY AND HONORABLY AS AN INSTITUTION, AND (5) SERVING THE LARGER ECOLOGICAL AND SOCIAL COMMUNITY. 0 0 27763922 8136229 26375050 IN AN AUTHENTICALLY DIVERSE COMMUNITY REFLECTIVE OF LOS ANGELES, DURING THE FISCAL YEAR ENDED JUNE 30, 2023 NEW ROADS PREPARED YOUNG PEOPLE FOR LIFE BY DEVELOPING IN THEM A PERSONAL DEDICATION TO LEARNING, A RESPECT FOR INDEPENDENT THINKING, AN EXPANDING CURIOSITY ABOUT THE WORLD AND ITS PEOPLE, AND A COMMITMENT TO THE COMMON GOOD. 27763922 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53 0 1 145 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X RYAN HAWLEY 3108285582 C/O NEW ROADS SCHOOL 3131 OLYMPIC SANTA MONICA CA 90404 EVELYN HOU INTERIM CHAIRWOMAN 15.00 X X 0 0 0 JUSTINE SCHREYER LEWIN CHAIRWOMAN (THRU 8/22) 15.00 X X 0 0 0 JASON PARRY VICE CHAIR 10.00 X X 0 0 0 BRYAN BINIAK SECRETARY 5.00 X X 0 0 0 CARLOS SALAS TREASURER 5.00 X X 0 0 0 EMILY ALEXANDER TRUSTEE 2.00 X 0 0 0 ISABEL ARANDA TASK FORCE CHAIR 2.00 X 0 0 0 JODY GERSON TRUSTEE 2.00 X 0 0 0 CARLOS HERNANDEZ MPH DEVELOPMENT COMMITTEE CHAIR 5.00 X 0 0 0 ALAN HOFFMAN TRUSTEE 2.00 X 0 0 0 GLEN KRAEMER TRUSTEE (THRU 10/22) 10.00 X 0 0 0 MICHAEL KRUPP TRUSTEE 2.00 X 0 0 0 GUS LOPEZ TRUSTEE 2.00 X 0 0 0 CALLIE MOMTAZEE TRUSTEE 5.00 X 0 0 0 ARIK PRAWER TRUSTEE 2.00 X 0 0 0 ANDY ROSE TRUSTEE 2.00 X 0 0 0 MELISSA ROWE TRUSTEE 2.00 X 0 0 0 TOM SOTO TRUSTEE 2.00 X 0 0 0 TRISH TORREY TRUSTEE 2.00 X 0 0 0 ERIN WHALEN TRUSTEE 2.00 X 0 0 0 LUTHERN WILLIAMS HEAD OF SCHOOL 40.00 X 354029 0 31380 RYAN HAWLEY ASSOCIATE HEAD OF SCHOOL 40.00 X 209159 0 25706 ERIC ETHERIDGE DIRECTOR OF FINANCE (THRU 6/23) 40.00 X 174177 0 22250 JEMMA KENNEDY MIDDLE SCHOOL DIRECTOR 40.00 X 148097 0 20580 YOON MI CHECCHI DIRECTOR OF FINANCIAL AID AND ENROLLMENT 40.00 X 135926 0 16426 BRAE CASILLAS DIRECTOR OF HUMAN RESOURCES AND OPERATIONS 40.00 X 131456 0 17121 DANIELA PENNISE UPPER SCHOOL DIRECTOR 40.00 X 129038 0 17867 1281882 0 151330 31 0 1 0 KARAS SECURITY SERVICES INC 11844 W PICO BLVD STE 201 LOS ANGELES CA 90064 SECURITY 293361 LIEBERT CASSIDY WHITMORE 6033 W CENTURY BLVD SUITE 500 LOS ANGELES CA 90045 LEGAL SERVICES 125652 2 184594 1268271 21500 1452865 TUITION AND FEES 611600 25956276 25956276 STUDENT ACTIVITIES 611600 413293 413293 26369569 138211 138211 89065 1539 87526 87526 87526 8056008 8057782 4150 -1774 -4150 -5924 -5924 97314 184594 150268 -52954 -52954 2880 0 2880 2880 MISCELLANEOUS REVENUE 900099 5481 5481 5481 27997654 26375050 0 169739 8136229 8136229 638938 421699 115009 102230 14084071 11317620 2042722 723729 504937 398170 70552 36215 1381061 1204776 53634 122651 988361 833143 97224 57994 269510 250644 18866 67500 62775 4725 21375 21375 576894 415783 98639 62472 127570 19176 70245 38149 710330 147578 540259 22493 377745 114286 243996 19463 1165345 1004716 128503 32126 524357 493950 19914 10493 113018 85756 14691 12571 895906 761520 107509 26877 1855367 1577062 222644 55661 176229 149795 21147 5287 HOSPITALITY 520209 338866 79168 102175 MISCELLANEOUS 332061 312958 15281 3822 DUES AND SUBSCRIPTIONS 173388 23730 134434 15224 BANK FEES 122299 56 104709 17534 22689 7053 15445 191 33785389 27763922 4509144 1512323 8314387 2012409 278033 3275 2120415 1680142 16851339 17464708 244219 266877 63484849 15268661 49362796 48216188 1383360 3328946 27272 27272 78581821 72999817 1494706 2109157 18626840 19622429 14184081 13702843 7200000 7200000 58723 62458 41564350 42696887 X 32830529 26658911 4186942 3644019 37017471 30302930 78581821 72999817 X -5787735 108826 -1035632 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2117066 21046 176289 2314401 1446681 1001673 -331288 2117066 1145923 300758 1446681 1126759 74397 55233 1145923 851634 250000 67430 42305 1126759 0.00000 0.85260 0.14740 0 0 13012841 13012841 43942117 11168905 32773212 4998196 3115851 1882345 1213419 735937 477482 318276 247968 70308 48216188 DEFERRED COMPENSATION 62458 62458 X 19765741 108826 108826 19656915 8340739 8340739 27997654 26480282 831122 831122 25649160 8136229 8136229 33785389 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES ONLY DONOR-RESTRICTED ENDOWMENT FUNDS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,136,229. LOSS ON UNCOLLECTIBLE PROMISES TO GIVE 204,510. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 831,122. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 8,136,229. 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 SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN REVENUE RULING 2019-22. X X X X X 1 NETZEL GRIGSBY ASSOCIATES INC 5601 WSLAUSON AVESUITE 270 CULVER CITY CA 90230 CAPITAL CAMPAIGN CONSULTANT 0 0 10000 0 SG FUNDRAISING CONSULTING SERVICES 223 COMMODORE DRIVE RICHMOND CA 94804 CAPITAL CAMPAIGN CONSULTANT 0 0 7400 0 17400 CA KALEIDOSCOPE GALA 281908 184594 97314 71001 23102 45665 6800 3700 281908 184594 97314 71001 23102 45665 6800 3700 150268 -52954 1 SCHOLARSHIPS 238 8136229 CASH VALUE OF TUITION REDUCTION TUITION REDUCTION PART I, LINE 2: FINANCIAL AID IS PROVIDED TO STUDENTS BASED ON FINANCIAL NEED ON A NON-DISCRIMINATORY BASIS, AS DETERMINED BY THE FINANCIAL AID COMMITTEE. GRANTS ARE GIVEN IN THE FORM OF REDUCED TUITION, NEVER A CASH GRANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LUTHERN WILLIAMS HEAD OF SCHOOL 283829 0 0 0 70200 0 21163 0 10217 0 385409 0 0 0 RYAN HAWLEY ASSOCIATE HEAD OF SCHOOL 209159 0 0 0 0 0 12897 0 12809 0 234865 0 0 0 ERIC ETHERIDGE DIRECTOR OF FINANCE (THRU 6/23) 174177 0 0 0 0 0 10982 0 11268 0 196427 0 0 0 JEMMA KENNEDY MIDDLE SCHOOL DIRECTOR 148097 0 0 0 0 0 7682 0 12898 0 168677 0 0 0 YOON MI CHECCHI DIRECTOR OF FINANCIAL AID AND ENROLL 135926 0 0 0 0 0 8200 0 8226 0 152352 0 0 0 PART I, LINE 1A LUTHERN WILLIAMS, PRESIDENT AND HEAD OF SCHOOL, RECEIVED A HOUSING, AUTO AND CELL PHONE ALLOWANCE TOTALING $70,200 THAT WAS INCLUDED IN HIS 2022 W-2 TAXABLE WAGES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2019-06-28 15450000 2019 SERIES A AND SERIES B BONDS 0 0 0 A 1213489 15460000 259821 3975000 11225179 2022 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, IS REVIEWED AND APPROVED BY THE CFO, HEAD OF SCHOOL, AND THE EXECUTIVE COMMITTEE. A COPY OF THE FORM 990 IS THEN PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST (COI) POLICY IS PROVIDED TO EACH DIRECTOR AND OFFICER UPON NOMINATION OR INITIAL HIRE. ANNUALLY, A COI DISCLOSURE FORM IS PROVIDED TO EACH OFFICER AND DIRECTOR WHO EACH SIGN AND RETURN THEIR FORM TO THE GOVERNANCE COMMITTEE. THE GOVERNANCE COMMITTEE REVIEWS EACH FORM AND ANY NOTED CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT. ALL CONFLICTS ARE THEN DIRECTED TO THE APPROPRIATE COMMITTEE OR BROUGHT BEFORE THE ENTIRE BOARD FOR DISCLOSURE AND APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THE COMPENSATION AND BENEFITS PACKAGE OF THE HEAD OF SCHOOL ON AN ANNUAL BASIS INDEPENDENTLY, WITHOUT THE PARTICIPATION OF ANY INTERESTED PERSON, USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES, NAIS, CAIS, CAL-ISBOA. A RECOMMENDATION IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR ITS REVIEW AND APPROVAL, AND THE DELIBERATION AND DECISIONS REACHED ARE DOCUMENTED. THE HEAD OF SCHOOL DETERMINES THE COMPENSATION OF THE DIRECTOR OF FINANCE USING SALARY DATA FROM SURVEYS OF INDEPENDENT SCHOOL RESOURCES. COMPENSATION INCREASES FOR ALL OTHER EMPLOYEES ARE CALCULATED USING THE SAME PERCENTAGE ACROSS THE BOARD AS DETERMINED BY THE BOARD OF DIRECTORS AT THE ANNUAL FALL BUDGET MEETING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PROMISES TO GIVE -204,510. BAD DEBT EXPENSE -831,122.