ANNUAL REPORTANNUAL REPORT

2014 - 2015

3 Greetings St. James Parish Community

4 2014 - 2015 Executive Board

5 Our Mission

6 Donors

8 Financial Review: Statement of Activity

10 Financial Position: Statement of Financial Position

12 Investments

2

CONTENTS

GREETIN

GS ST. JAM

ES PARISH CO

MM

UN

ITY

St. James School Education Foundation (SJSEF) has completed 11 years of service

to St. James School (SJS). The Foundation began building financial assets from

its inception and began supporting SJS educational programs the year following

its inception. We have continued this dual approach to supporting SJS, building

assets to ensure the future of an affordable and very high quality education at

SJS, and providing current educational program support that benefits all St. James

students. The following pages of this report provide the details of this approach.

We wish to thank all of you who have helped St. James School through your

contributions to the Foundation. Our donor list recognizes the generosity of so

many who believe in the faithful work carried out by faculty and staff. In addition

to supporting the mission of SJSEF financially, many of our participants contribute

their talent and time through the work of the SJSEF Board and committees. Please

remember all the benefactors of St. James Church and School communities in your

prayers.

Gratefully yours,

Dan Houston, Ph.D.

3

4

EXECUTIVE BOARDDr. Lynn Busia

Mr. Philip De Souza

Ms. Stella Desjardins

Ms. Mary Hellen Diarte

Dr. Dan Houston

Msgr. Mike Meyers

Ms. Cindy Scotto

Mr. John Sullivan

Mr. Mark Sur

2014 - 2015

5

We, members of the St. James School Education Foundation, believe firmly in the

profound role of Catholic education in helping us fulfill our parental obligation of forming

children who follow Jesus Christ. We recognize that Catholic education has been a special

gift for the Church in the United States, but in the last fifty years it has been threatened

financially, as demonstrated by closings of elementary and secondary schools throughout

the country. St. James School Education Foundation was founded to secure the future of

Catholic education in the St. James parish, ensuring that primary education, enlivened by

our religious faith, will be passed on to coming generations.

The Foundation continues to be true to our three simple goals:

Building on the current success of St. James School, we strive to provide for its

financial security.

As part of ensuring the future of SJS, we recognize the need to invest annually in

the school. Mindful that the school’s faculty is its primary strength, we support the

school budget at a level that facilitates just compensation for faculty.

The SJS programs and projects that SJSEF funds are designed to enhance the

education of all SJS students.

OUR MISSION

DO

NO

RS

6

Jerome & Rise Faith AgravanteWilliam & Denise AguayoVartan & Merna AkrabianGary & Matilda AlbanoJoe & Marisella AldanaJack & Victoria AlexanderAmerican Faith ChurchPeter Anderson & Julie AndersonAntonio Area FoundationMichael & Anjeanette ArakawaBenjamin & Laura ArandaErik & Marla ArmstrongRobert & Heather ArroyoJeremiah & April AshmoreThomas & Maria BaadenBill & Donna BalcerMichael & Cyndi BalkBank of AmericaStan & Jackie BarankiewiczDavid & Monica DeAngelis BarberAlvaro & Marlene Barberena-DelgadoIrene BardwilLorette BarrasJames & Katherine BassaniBonnie BatchelderMiguel & Christina BenitezTerry & Kathleen BensonNathaniel & Mary Elisa BernasGary & Celeste BeroutyJohn & Reva BerryWilliam & Barbara BinckleyBasil & Sarah BinckleyRene & Sigrid BoggioKenneth & Grace BradyRiccardo & Daneivys BrindicciDavid & Maureen BrockNikita & Sharyl BrownNancy BrownMike & Vivian BrunoGary & Michelle Henry BrushwylerC.R. BurkhardtAbad & Eveline CabreraCage Inc.M. Francis & Abigail CalubFrank & Kathryn CampagnaSean Adrian CanullasDidier CastanRobert & Helen ChangChristopher & Maureen CharanDennis & Eunice ChoThomas & Gina CicchiniTim & Kelly ColeCharles ConnellSeth & Carmela CooperRicardo & Conchita CordovaPedro & Sheila CordovaCraig & Doris CurrieHarlan & Dorothy CurwickThomas D’Angelo

Monica L De AngelisAndrew & Michelle DecellesAl & Sharon del Rosario, Jr.Bryant & Mara Wolfsen DelgadilloJoseph & Erin DemarestEstuardo Roas & Natalia DeRojasYan & Stella DesjardinsRobert & Mary DiarteCharles DillsStephen & Maria DiPaduaDirect TV Benevity Community Impact FundRichard & Lisa DoyleMark & Peggy DreilingJane DuhonLloyd & Julie DysimMichael & Sherrie ElsesserRamez & Marian ElyahkyEstella EscobozaRalph & Minnie EspedidoClinton & Marielinne EullBF & Sandra FarberFelice Schiappa Construction, Inc.Joseph & Kristi FeraC. FernandezDaniel & Patricia FernandezRanil & Noely FernandoThomas & Diane FitzpatrickFonthill ApartmentsRichard & Michelle ForemanLorence & Bertha ForstAndrea FowlerMary GahwolfPeter & Anne GalulloDavid & Sylvia GartenGlenn & Martha GazaGen ReLinda GillR. Goharderakhshan & J. GoharderakhshanAlejandro & Dannia GonzalezArmando & Lillian GonzalezLoretta Kreider GriffinLisa GutierrezNoe & Karen Quilisadio GuzmanMichael & Sharron HallPatrick & Erika Hall

7

Jason & Danielle HarrisBrad & Stephanie HawkJames & Mary Grace HawkinsTodd & Danine HayesMark & Juliet HendricksonMichelle HenryGary & Barbar HoCarol HogertyHonda Motor CompanyJohn & Sue HongGary HoppeDan & Linda HoustonEarl HubacekAllan & Ronni HughesLuc & Debbie ImberechtsDennis & Carmen IngramMichael & Barbara JassoDavid & Amy JohnsonJay & Lu Vivian JonesJames JonnerJoseph & Barbara KatzaroffKevin & Linda KearnsBrian & Lisa LaineKen & Kathleen LeeDouglas & Karla LeedsNoe & Eliza LeoncioAnthony & Jennifer LiakosHilda LopezSudhan & Annam LouisAida MacabuhayGraham & Christine MaclnnisLuis & Veronica MaffioliShawn & Kim MahlochJason & Dung Nguyen MaiOmar & Nicole MaldonadoPeter & Dina MaloSadek & Haidy MansourDennis MarconiMarisco’s ChenteChristian & Barbara MarquezMattel, Inc.Matthew & Michelle MattesMichael & Katherine MazzaMichael & Amy McCauleyMichael & Kristine McDonoughRudy & Dannette MejiaPedro & Leslie MejiaChristopher & Kathleen MeliaRoupen & Kathleen MerjanianRichard & Martha MichaelJeffrey & Margaret Simonian Michaels

Erick & Janice MiseroyDouglas & Elaine MitchellMark & Amy MiyamotoEugene & Patricia MockTony & Tara Stephens MortillaroBarbara MullenRodney & Judith NakaLynda NaretSusan NavesRoberto & Bridget NorambuenaNorthrop Grumman CorporationEileen O’BrienTimothy & Kay O’ConnorDarnell & Janell O’DowdJohn & Lisa OliverAnnette O’NeillP3 Realty Inc.William & Virginia PadianFernando & Tina PaludiMike & Dana ParkerIsaac & Rosario ParrishDerek & Aimee PattersonPhillip & Konnie PerezMichael & Sherry PerryShaun & Carmen PhillipsJoshua & Debra PhillipsArvene PiggeeRogerio & Ivana Postachian-SilvaJustine & Christopher PriettoStephen & Diane QuastTom & Alyson QuastSamer & Leanne RaadSandra RandallJamie RangelBillie ReynoldsGordon & Maurine ReynoldsPaul & Debbie RhilingerMichael & Lisa RichardsonMatthew & Shelley RiskChristopher & Monica RobertsCarlos & Christine RodriguezRoberto & Susan RodriguezJohn & Cathy RoohanMichael & Tricia SalazarMichael & Patty SchiappaJeffrey & Alisa Schiappa-GobeeAlexander & Tammy SchlegelDavid & Audria SchwartzDaniel & Felicia ShanahanTom & Isabel ShelburneJeff & Lynda Shields

Lyle & Michelle SilsbyClement Jae SimSherrie SimmonsMichael & Patricia Toye SmelichEmmanuel & Amira SolomonDavid & Kimberly SpakTrevor & Denise SpencerSherry D. SterlingMatthew & Natalie StraupLaurens & Mieke Velghe StrobbeJoel & Jamie StromwallJim & Andrea SullivanTakata CorporationSam & Terry TanakaThe Boeing CompanyThe Raytheon CompanyThe Reading ProDean & Renae ThorntonToyota Motor CorporationVirginio & Clara TrevisanJames & Ivonne Chen TrinhTruist CheckJay & Claire TsaoAlfred & Cecelia TuckerDennis & Becci TwombleyChris & Jaime TychsenStephen & Rhonda VeghGrace & Joseph VelezAlex & Alex VerduzcoVerizon CommunicationsJeff & Katherine VicarioYvette Vigon MorffiSteve & Kim WalkerWard & Gillian WatanabeJames & Lilly WatsonDamon & Gina WebberChad & Regina WieserJohn & Myra WilsonMichael & Paula Perez WitteEdward & Caryn WojteckiStanley & Michelle WongNorman WongStuart & Paula WoodwardMichael YeamanRonald & Patricia YearleyJongmi & Robin YiCourt & Mariah YorkYule RealtyAmado & Nicole ZamoraAndre & Mara ZepedaMark & Sugar Brown Zonno

FIN

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VIEW

8

STATEMENT OF ACTIVITY

2014 2015

Individuals & Corporations $ 114,243 $ 120,603

Investments & Interest 86, 707 (4,500)

Total Revenue $ 200,950 $ 116,103

2014 2015

Operating Expenses $ 7,779 $ 5,163

Program Expenses:

Technology 22,630 2,000

Spanish 35,400 35,000

Science 6,000 2,000

Music 21,000 21,000

Art 4,000 4,000

Field trips and P.E. 17,563 17,149

Total Program Expenses 106,593 81,149

Total Expenses $ 114,372 $ 86,312

CHANGE IN NET ASSETS $ 86,578 $ 29,791

REVENUE

EXPENSES

(UNAUDITED)

12-month periods ending June 30, 2014 & 2015

12-month periods ending June 30, 2014 & 2015

9

STATEMENT OF ACTIVITYFINANCIAL REVIEW

REVENUE

PROGRAM SUPPORT

REVENUE BREAKDOWN

EXPENSES

2014

2014

2015

2015

4%ART

5%ART

20%MUSIC

26%MUSIC

33%SPANISH

43%SPANISH

6%SCIENCE

$86,707Investments

& Interest

($4,500)Investments

& Interest

$114,243Individuals & Corporations

$120,603Individuals & Corporations

3%SCIENCE

21%TECHNOLOGY

2%TECHNOLOGY

16%FIELD TRIPS

& P.E.

Total Program Support Provided to St. James School:

$106,593

Total Program Support Provided to St. James School:

$81,149

21%FIELD TRIPS

& P.E.

FIN

AN

CIA

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SITI

ON STATEMENT OF FINANCIAL POSITION

Current Assets 2014 2015

Cash and Cash Equivilents $ 233,474 $ 329,756

Investment Securities 1,293,520 1,226,809

Total Current Assets 1,526,994 1,556,565

Total Assets $ 1,526,994 $ 1,556,565

Liabilities 2014 2015

Accounts Payable $ 220 —

Total Liabilities $ 220 —

Net Assets 2014 2015

Unrestricted Net Assets $ 1,526,774 $ 1,556,565

Total Net Assets $ 1,526,774 $ 1,556,565

TOTAL LIABILITIES & NET ASSETS $ 1,526,994 $ 1,556,565

ASSETS

LIABILITIES & NET ASSETS

(UNAUDITED)

10

June 30, 2014 & 2015

June 30, 2014 & 2015

ASSETS

LIABILITIES & NET ASSETS

11

2014INVESTMENT SECURITIES

June 30, 2014

2015 June 30, 2015

12

INVE

STM

ENTS

Doubleline Total Return Bond Fun

Hussman Total Return

Vanguard Short Term Investment Grade

First Pacific Crescent Fund

Hussman Strategic Growth

T.Rowe Price Equity Income

Templeton Global Bond Fund Class C

Doubleline Total Return Bond Fun

Hussman Total Return

Vanguard Short Term Investment Grade

First Pacific Crescent Fund

Hussman Strategic Growth

T.Rowe Price Equity Income

Templeton Global Bond Fund Class C

23%

24%

25%

26%

21%

21%

7%

8%

9%

10%

5%10%

11%

13

EXEMPT STATUSSt. James School Education Foundation is classified by the Internal Revenue Service as a public charity described in section 509(a)(1) and 170(b)(1)(A)(vi) of the Internal Revenue Code and is exempt from taxation under section

501(c)(3) of the Internal Revenue Code.

FEDERAL IDENTIFICATION NUMBER20-0992929

MAILING ADDRESSSt James School Education Foundation

4625 Garnet StTorrance, CA 90503

TELEPHONE NUMBER310-371-0416

WEBSITEwww.sjsef.org

DONATIONSDonations can be directed to the Foundation’s mailing address or be made

through PayPal by visiting the Foundation’s Website.