2025-03-24T17:03:10-05:00 2024-06-30 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-07-01 237313754 SAN FRANCISCO UNIVERSITY HIGH SCHOOL SANF 4154473100 3065 JACKSON STREET SAN FRANCISCO CA 94115 ROB KINNARD CFOO 4154473100 2025-03-20 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2025-03-06 01:10:19Z NASIF ISKANDER 3065 JACKSON STREET SAN FRANCISCO CA 94115 44160489 0 X WWW.SFUHS.ORG X 1973 CA SAN FRANCISCO UNIVERSITY HIGH SCHOOL WELCOMES STUDENTS (CONTINUED ON SCHEDULE O) 30 28 223 530 0 0 15099147 5528883 25767403 29249898 1127489 1556054 764311 394106 42758350 36728941 3803278 4760134 0 0 17915575 20094545 0 0 1683056 12064815 9166796 33783668 34021475 8974682 2707466 138922002 167421810 46423138 68688843 92498864 98732967 X AT SAN FRANICISCO UNIVERSITY HIGH SCHOOL, WE ENGAGE OUR COMMUNITY OF DIVERSE VOICES IN A TRANSFORMATIONAL EXPERIENCE THAT EMBRACES THE SPIRITED PURSUIT OF LEARNING AND EMPOWERS PURPOSE LARGER THAN SELF. 0 0 26661759 4760134 29249898 SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS A FULLY INDEPENDENT ORGANIZATION FORMED FOR THE PURPOSE OF PROVIDING A RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL EDUCATION. THE SCHOOL HAD APPROXIMATELY 487 STUDENTS DURING THIS FILING PERIOD. 26661759 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 65 0 1 223 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X ROB KINNARD 4154473100 3065 JACKSON STREET SAN FRANCISCO CA 94115 LAURA SPIVY CHAIR 3.00 X X 0 0 0 HOLLY HAGENS VICE CHAIR 3.00 X X 0 0 0 RAJ PATEL TREASURER 3.00 X X 0 0 0 KAREN HALL VICE CHAIR 3.00 X X 0 0 0 ANDY NAKAHATA VICE CHAIR 3.00 X X 0 0 0 WILL BARTLETT TRUSTEE 3.00 X 0 0 0 LILY BEISCHER TRUSTEE 3.00 X 0 0 0 MALLAR BHATTACHARYA TRUSTEE 3.00 X 0 0 0 KENDALL BLACK TRUSTEE 3.00 X 0 0 0 LEONARD CHUNG TRUSTEE 3.00 X 0 0 0 LISA CONGDON TRUSTEE 3.00 X 0 0 0 PAUL COOPER TRUSTEE 3.00 X 0 0 0 SHELIA CUTHBERT TRUSTEE 3.00 X 0 0 0 NADYA RAMSAROOP TRUSTEE 3.00 X 0 0 0 JULIA WONG TRUSTEE 3.00 X 0 0 0 SEAN HAMER TRUSTEE 3.00 X 0 0 0 TOMAS A MAGANA TRUSTEE 3.00 X 0 0 0 SHERIEF MELEIS TRUSTEE 3.00 X 0 0 0 GABRIELA PARCELLA TRUSTEE 3.00 X 0 0 0 TANGUY SERRA TRUSTEE 3.00 X 0 0 0 CLAYTON TIMBRELL TRUSTEE 3.00 X 0 0 0 PAUL WYTHES TRUSTEE 3.00 X 0 0 0 CANDANCE YU TRUSTEE 3.00 X 0 0 0 RAJ ATLURU TRUSTEE 3.00 X 0 0 0 BRENDA MIRA TRUSTEE 3.00 X 0 0 0 ELIZABETH MOONEY TRUSTEE 3.00 X 0 0 0 ALEC PERKINS TRUSTEE 3.00 X 0 0 0 NEHAL RAJ TRUSTEE 3.00 X 0 0 0 EFRAIN PEREZ TRUSTEE 3.00 X 0 0 0 STEPHEN CHEUNG TRUSTEE 3.00 X 0 0 0 MATTHEW LEVINSON HEAD OF SCHOOL 50.00 X 603174 0 247002 MICHAEL NOVAK CFO/CFOO (THRU 7/31/23) 50.00 X 303956 0 49949 ROBERT KINNARD CFO/CFOO 50.00 X 141750 0 15424 SHARON YOUNG EXECUTIVE ASSISTANT/SECRETARY 50.00 X 116454 0 24801 NASIF ISKANDER ASST. HOS & DEAN OF FACULTY 50.00 X 249597 0 45451 SHAUNDRA BASON DIRECTOR OF STRAT. PHILANTHROPY 50.00 X 253469 0 33105 KATHERINE GARRETT DIRECTOR OF COLLEGE COUNSELING 50.00 X 184289 0 30409 NATHAN LUNDY DIR. OF ENROLLMENT MGMT & STRAT 50.00 X 181769 0 29032 MEGAN STORTI DIR OF INSTITUTIONAL DATA & STRAT 50.00 X 176583 0 24234 BYRON PHILHOUR DEAN OF TEACHING AND LEARNING 50.00 X 168856 0 32472 JULIA EELLS FORMER HOS (THRU 1/10/23) 0.00 X 274143 0 27334 2654040 0 559213 60 1 1 0 TRUEBECK CONSTRUCTION INC 2855 CAMPUS DRIVE SUITE 100 SAN MATEO CA 94403 CONSTRUCTION 10072369 LEDDY MAYTUM STACY ARCHITECTS 1940 BRYANT STREET SAN FRANCISCO CA 94110 ARCHITECTS 1286829 ROBERT HALF MANAGEMENT RESOURCES PO BOX 743295 LOS ANGELES CA 90074 STAFFING SERVICES 678282 COFFER GROUP LLC 268 BUSH STREET 4324 SAN FRANCISCO CA 94104 IT 495505 EQUITY COMMUNITY BUILDERS LLC PO BOX 29585 SAN FRANCISCO CA 94129 GENERAL CONTRACTOR 397341 18 350660 5178223 2666986 5528883 TUITION/FEES/FORFEIT. 611710 29145547 29145547 MARIN BUS 611710 51815 51815 MEMBERSHIP DUES 611710 36150 36150 LECTURE/STUDENT EVENTS 611710 16386 16386 29249898 2119335 2119335 176032 166813 9219 9219 9219 6027853 6591134 -563281 -563281 -563281 1058488 350660 673601 384887 384887 36728941 29249898 0 1950160 4760134 4760134 1512147 1028838 483309 14450406 11439229 2164134 847043 1050790 856557 132533 61700 1932731 1569450 268831 94450 1148471 943599 146001 58871 148178 148178 85850 85850 73944 73944 1361693 420102 893751 47840 763055 432742 121450 208863 446211 361665 3810 80736 753813 644458 101942 7413 361188 321210 27031 12947 226052 185018 32377 8657 261485 174881 79924 6680 2142851 1791459 324289 27103 261878 218935 39631 3312 STUDENT ACTIVITIES 893543 801326 85141 7076 PROFESSIONAL DEVELOP. 511327 264937 62637 183753 MEMBERSHIP DUES 120905 95165 25226 514 754823 352054 376671 26098 34021475 26661759 5676660 1683056 245819 3238438 30213277 29594585 18430386 12071112 10484246 11892613 225491 552666 103397586 34644856 40266291 68752730 36400483 38614799 2656009 2704867 138922002 167421810 5896451 10529659 24472634 25548155 13731598 30209281 2322455 2401748 46423138 68688843 X 23180525 25189563 69318339 73543404 92498864 98732967 138922002 167421810 2707466 3526637 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36086720 274539 4877961 1470000 39769220 33136881 140052 4229787 1420000 36086720 38143507 1379989 -5006615 1380000 33136881 29044149 1584731 8934626 1419999 38143507 29425451 1148732 19966 1550000 29044149 0.11916 0.62760 0.25324 0 0 8203866 8203866 41530835 28499308 13031527 10121528 2592281 7529247 4374841 3553267 821574 39166516 39166516 68752730 OPERATING LEASE LIABILITY 2401748 2401748 X 36261914 3526637 -4760134 -1233497 37495411 73944 -840414 -766470 36728941 30027811 840414 840414 29187397 73944 4760134 4834078 34021475 PART V, LINE 4: 100% OF THE SCHOOL'S ENDOWMENT FUNDS ARE COMMITTED TO THE SUPPORT OF THE OVERALL EDUCATIONAL MISSION OF THE SCHOOL. SOME FUNDS HAVE A SECONDARY RESTRICTION OR PURPOSE DESIGNATION, SUCH AS FINANCIAL AID, FACULTY SUPPORT, THE SUMMERBRIDGE PROGRAM, ETC., BUT ALL SUCH FUNDS ARE IN FURTHERANCE OF THE SCHOOL'S EDUCATION PROGRAMS. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE RELEVANT SECTION OF THE CALIFORNIA REVENUE AND TAXATION CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSIFIED TO EXPENSES -4,760,134. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECLASSIFIED TO REVENUE -673,601. RENTAL EXPENSES RECLASSIFIED TO REVENUE -166,813. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECLASSIFIED TO REVENUE 673,601. RENTAL EXPENSES RECLASSIFIED TO REVENUE 166,813. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID RECLASSIFIED TO EXPENSES 4,760,134. 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 NONDISCRIMINATORY POLICY PROMINENTLY ON THE LANDING PAGE OF THE SCHOOL'S WEBSITE. DECORATOR SHOWCASE 1409148 350660 1058488 159756 106672 407173 1409148 350660 1058488 159756 106672 407173 673601 384887 1 FINANCIAL AID 105 4760134 0 PART I, LINE 2: ALL FINANCIAL AID GRANTS ARE IN THE FORM OF DISCOUNTS FOR TUITION, BOOKS, AND OTHER FEES ASSOCIATED WITH BEING A STUDENT AT THE SCHOOL. THE SCHOOL MONITORS THE PERFORMANCE OF THE AID RECIPIENTS AND REASSESSES THE FAMILIES' ELIGIBILITY FOR AID ON AN ANNUAL BASIS. THERE ARE NO CASH GRANTS TO STUDENTS, PARENTS, GUARDIANS, OR ANY OUTSIDE ORGANIZATIONS. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 MATTHEW LEVINSON HEAD OF SCHOOL 603174 0 0 0 0 0 26400 0 220602 0 850176 0 0 0 MICHAEL NOVAK CFO/CFOO (THRU 7/31/23) 178369 0 0 0 125587 0 37297 0 12652 0 353905 0 0 0 JULIA EELLS FORMER HOS (THRU 1/10/23) 85954 0 25000 0 163189 0 23000 0 4334 0 301477 0 0 0 NASIF ISKANDER ASST. HOS & DEAN OF FACULTY 246825 0 0 0 2772 0 20987 0 24464 0 295048 0 0 0 SHAUNDRA BASON DIRECTOR OF STRAT. PHILANTHROPY 251663 0 0 0 1806 0 20450 0 12655 0 286574 0 0 0 KATHERINE GARRETT DIRECTOR OF COLLEGE COUNSELING 182151 0 0 0 2138 0 14638 0 15771 0 214698 0 0 0 NATHAN LUNDY DIR. OF ENROLLMENT MGMT & STRAT 181258 0 0 0 511 0 15105 0 13927 0 210801 0 0 0 BYRON PHILHOUR DEAN OF TEACHING AND LEARNING 168055 0 0 0 801 0 14751 0 17721 0 201328 0 0 0 MEGAN STORTI DIR OF INSTITUTIONAL DATA & STRAT 176583 0 0 0 0 0 14207 0 10027 0 200817 0 0 0 ROBERT KINNARD CFO/CFOO 141750 0 0 0 0 0 11340 0 4084 0 157174 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE SCHOOL REQUIRES THE HEAD OF SCHOOL TO LIVE IN CAMPUS HOUSING TO ALLOW RAPID RESPONSES TO EMERGENCIES, FACILITATE ATTENDANCE AT FREQUENT AFTER-HOURS EVENTS AND PROGRAMS, HOST EVENING PARENT RECEPTIONS, FUNDRAISING EVENTS, AND PROFESSIONAL MEETINGS/GATHERINGS, AND OTHERWISE PROVIDE FOR THE CONVENIENT AND EFFICIENT PERFORMANCE OF THE RESPONSIBILITIES OF THE POSITION. THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4A MICHAEL NOVAK, CFO/CFOO, RECEIVED A PAYMENT OF $124,458 DURING CALENDAR YEAR 2023. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-05-20 18986000 SERIES A&B: TO REFINANCE OUTSTANDING BOND AND NOTE PAYABLE OBLIGATIONS 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-11-17 49000000 SERIES A,B,&C: RELATED TO THE CONSTRUCTION OF A NEW BUILDING 0 0 0 A 139198 18986000 432078 18553922 2007 1 0 0 1 B 12490972 528896 11962076 2022 1 0 0 1 A 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 0 B 0 SCHEDULE K, PART II, LINE 3, COLUMN B: IN NOVEMBER 2022, THE SCHOOL ENTERED INTO A NEW MASTER LOAN AGREEMENT FOR DEBT OF $49,000,000 RELATED TO THE CONSTRUCTION OF A NEW BUILDING AT 3150 CALIFORNIA STREET. THE SERIES A LOAN IS NOT TO EXCEED $14,000,000; THE SERIES B LOAN IS NOT TO EXCEED $27,000,000; AND THE SERIES C LOAN IS NOT TO EXCEED $8,000,000. THE TOTAL PROCEEDS WERE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E) BECAUSE THE TOTAL AMOUNT OF DRAWS WAS BELOW THE MAXIMUM. 118975 FINANCIAL AID TUITION X 25 2666986 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: APPROXIMATELY 105 STUDENTS MATRICULATE TO A BROAD RANGE OF COLLEGES AND UNIVERSITIES EACH YEAR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED IN DETAIL BY THE CONTROLLER AND CFOO. A FULL FILING COPY WAS PROVIDED TO THE AUDIT COMMITTEE FOR REVIEW. THE PAID PREPARER PRESENTED THE 990 TO THE AUDIT COMMITTEE IN A LIVE SESSION AND THE COMMITTEE MEMBERS WERE GIVEN AN OPPORTUNITY TO ASK QUESTIONS. THE PUBLIC DISCLOSURE COPY OF THE 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS, EMPLOYEES AND VOLUNTEERS. THE POLICY IS DESIGNED TO IDENTIFY AND ADDRESS ALL SITUATIONS IN WHICH A COVERED PERSON HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN THE OUTCOME OF A TRANSACTION OR ARRANGEMENT WITH THE SCHOOL. COVERED PERSONS ARE EXPECTED TO VOLUNTARILY REPORT POTENTIAL CONFLICTS OF INTEREST TO THE CHAIR OF THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD. OTHER PARTIES MAY ALSO REPORT POTENTIAL CONFLICTS OF INTEREST TO THE BOARD CHAIR OR EXECUTIVE COMMITTEE. THE FULL BOARD OF TRUSTEES IS THE FINAL ARBITER OF WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, IT SHALL REQUIRE THAT THE PERSON INVOLVED RECUSE THEMSELVES FROM ALL DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVED. THE BOARD, UPON MAJORITY VOTE, MAY PROCEED WITH THE TRANSACTION OR ARRANGEMENT IF, AFTER ADDITIONAL DUE DILIGENCE, IT IS DETERMINED THAT THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTERESTS OF THE SCHOOL. ALL TRUSTEES SIGN THE CONFLICT-OF-INTEREST POLICY ANNUALLY. EMPLOYEES ACKNOWLEDGE THIS POLICY AS PART OF THE ONBOARDING AND COMPENSATION AGREEMENT PROCESS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL (I.E., CHIEF EXECUTIVE OFFICER) IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE IS MADE UP OF INDEPENDENT PERSONS. THE COMPENSATION COMMITTEE WILL INDEPENDENTLY RESEARCH RELEVANT COMPENSATION DATABASES TO DETERMINE COMPENSATION LEVELS AND TRENDS FOR SIMILAR POSITION IN LIKE OR RELATED FIELDS. ALTERNATIVELY, AND SOMETIMES IN CONJUNCTION WITH THE INDEPENDENT RESEARCH DESCRIBED, THE COMMITTEE WILL ENGAGE THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE DUTIES OF THE POSITION, DEVELOP AND ANALYZE COMPENSATION DATA FROM SIMILAR ORGANIZATIONS, AND MAKE RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE THEN DETERMINES THE COMPENSATION OF THE INCUMBENT IN THIS POSITION FOR THE FOLLOWING FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS, ETC.), CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX FILINGS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE FOR THE SAME PERIOD OF TIME SET FORTH IN SECTION 6104(D).