Roessler-Chadwick Foundation
- Assets
- $148.7m
- Revenue
- $85.0m
- Investments
- $8.8m
- Employees
- 369
- Location
- Palos Verdes Peninsula, CA
- Founding
- 03/1971
- Data as of
- 06/2021
- EIN
- 95-0615438
Organization Overview
Roessler-Chadwick Foundation, operating under the name Chadwick School & Chadwick Intl, is located in Palos Verdes Peninsula, CA. The organization was established in 1971. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Chadwick School & Chadwick Intl employed 369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chadwick School & Chadwick Intl is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Chadwick School & Chadwick Intl generated $85.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $82.7m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE CHILDREN FROM KINDERGARTEN TO THE TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHADWICK SCHOOL, FOUNDED IN 1935, IS LOCATED IN PALOS VERDES PENINSULA, CA, SERVING APPROXIMATELY 839 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."
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, 2020, THE SCHOOL HAD AN ENROLLMENT OF APPROXIMATELY 1,299 IN GRADES PK-12. 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).
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. ALSO OFFERS A BUS SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick T Hill President / Head Of School - Korea | OfficerTrustee | 40 | $607,077 |
Dal Sohi Head Of School | Officer | 40 | $333,252 |
Julian Taylor Village School Principal - Korea | Officer | 40 | $260,729 |
Un Na Huh External Affairs Dir. - Korea | 40 | $257,875 | |
Bobby Fagogenis Asst. Head Of School - Korea | Officer | 40 | $238,934 |
Russell Mcgrath Upper School Principal - Korea | Officer | 40 | $236,447 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ocean Construction Inc Construction | 6/29/21 | $1,698,960 |
U-life Solutions Facility Maintenance, Security, Cleaning | 6/29/21 | $1,188,158 |
Del Amo Construction Inc Construction | 6/29/21 | $628,729 |
First Student Bus Services | 6/29/21 | $583,385 |
New Songdo International Development Ll Facility Maintenance, Security, Cleaning | 6/29/21 | $802,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $231,339 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,608,350 |
| Noncash contributions included in lines 1a–1f | $143,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,839,689 |
| Total Program Service Revenue | $81,804,639 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $543,149 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,504,067 |
| Net Income from Fundraising Events | -$85,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,001,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,376,081 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,043,404 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,877,099 |
| Compensation of current officers, directors, key employees. | $1,502,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,010,065 |
| Pension plan accruals and contributions | $1,952,355 |
| Other employee benefits | $12,124,747 |
| Payroll taxes | $1,886,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $529,712 |
| Fees for services: Accounting | $406,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,137 |
| Fees for services: Investment Management | $15,277 |
| Fees for services: Other | $302,650 |
| Advertising and promotion | $183,692 |
| Office expenses | $1,049,564 |
| Information technology | $926,327 |
| Royalties | $0 |
| Occupancy | $6,604,447 |
| Travel | $126,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,977,542 |
| Insurance | $1,042,180 |
| All other expenses | $1,598,247 |
| Total functional expenses | $82,685,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,522 |
| Savings and temporary cash investments | $68,254,796 |
| Pledges and grants receivable | $107,607 |
| Accounts receivable, net | $274,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,900 |
| Prepaid expenses and deferred charges | $1,708,871 |
| Net Land, buildings, and equipment | $64,364,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,835,761 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,827,550 |
| Total assets | $148,653,684 |
| Accounts payable and accrued expenses | $14,260,527 |
| Grants payable | $0 |
| Deferred revenue | $39,903,449 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,913,203 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,879,927 |
| Total liabilities | $111,957,106 |
| Net assets without donor restrictions | $31,959,171 |
| Net assets with donor restrictions | $4,737,407 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $148,653,684 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Roessler-Chadwick Foundation has recieved totaling $157,273.
| Awarding Organization | Amount |
|---|---|
Unihealth Foundation Los Angeles, CA PURPOSE: IMPROVE EDUCATIONAL AND WELLNESS OUTCOMES FOR LOW INCOME STUDENTS | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $32,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $31,971 |
| $6,000 | |
Robert A Waller Foundation South Pasadena, CA PURPOSE: SUPPORT | $5,000 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $4,500 |
Endowment Analysis
| Beg. Balance | $36,008,863 |
| Earnings | $10,730,893 |
| Net Contributions | $260,150 |
| Grants | $1,287,198 |
| Ending Balance | $45,712,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Estate Of Bernice Pauahi Bishop Honolulu, HI | $11,860,305,202 | $1,626,952,465 |
Aspire Public Schools Oakland, CA | $207,841,845 | $233,476,749 |
Punahou School Honolulu, HI | $664,536,262 | $122,251,506 |
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |