2024-05-15T12:56:53-05:00 2023-06-30 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2024-05-13 1 TERRY LEE 999009999 0 MAGA E KISRIEV P01008919 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEE FERTIG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 74953360 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 12TH. 25 24 329 135 0 0 35508478 16789275 52498269 55815595 283232 1196074 188812 172793 88478791 73973737 5944366 6385763 0 0 28573782 31767619 0 0 1554638 25948846 26917779 60466994 65071161 28011797 8902576 263030582 279856736 86993457 90989491 176037125 188867245 X OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 0 51188302 6385763 55816395 SEE SCHEDULE O. 51188302 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 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 1 142 0 1 329 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X MYNA CHIEM BRETT DYER 6503504600 131 E 28TH AVENUE SAN MATEO CA 94403 KATHLEEN DONOHUE CO-CHAIR 1.00 X X 0 0 0 HOON CHO CO-CHAIR 1.00 X X 0 0 0 JANET CHESTON VICE CO-CHAIR 1.00 X X 0 0 0 PUJA KAUL VICE CO-CHAIR 1.00 X X 0 0 0 KEVIN LYNCH SECRETARY 1.00 X X 0 0 0 PETER BLAUSTEIN TREASURER 1.00 X X 0 0 0 BRUCE COZADD TRUSTEE 1.00 X 0 0 0 MEI CHEN TRUSTEE 1.00 X 0 0 0 ALLISON ROUSE TRUSTEE 1.00 X 0 0 0 ANN WILSON GREEN TRUSTEE 1.00 X 0 0 0 BONNIE FOUGHT TRUSTEE 1.00 X 0 0 0 CHRISTOPHER SUN TRUSTEE 1.00 X 0 0 0 DERRICK BOLTON TRUSTEE 1.00 X 0 0 0 GERALD RISK TRUSTEE 1.00 X 0 0 0 JODY SIEVERS TRUSTEE 1.00 X 0 0 0 KAT ALFOND TRUSTEE 1.00 X 0 0 0 KRISTINA PHIPPS TRUSTEE 1.00 X 0 0 0 LEILA JOHANSSON TRUSTEE 1.00 X 0 0 0 LEON KUAN TRUSTEE 1.00 X 0 0 0 LOUISA GILLETT TRUSTEE 1.00 X 0 0 0 MARC TARPENNING TRUSTEE 1.00 X 0 0 0 MARY HYNES TRUSTEE 1.00 X 0 0 0 RICK HOLMSTROM TRUSTEE 1.00 X 0 0 0 ROBERT FRANK TRUSTEE 1.00 X 0 0 0 TAMMY CROWN TRUSTEE 1.00 X 0 0 0 LEE FERTIG HEAD OF SCHOOL 40.00 X 533435 0 190785 TERRY LEE ASSOCIATE HEAD OF SCHOOL 40.00 X 547468 0 34108 LIZA RAYNAL UPPER SCHOOL DIVISION HEAD 40.00 X 187703 0 113191 JOHN GAVIN BRADLEY DIRECTOR OF COLLEGE COUNSELING 40.00 X 233174 0 12478 BRETT DYER DIRECTOR OF FINANCE & ADMIN 40.00 X 217067 0 14851 TARYN GROGAN DIRECTOR OF ADMISSIONS 40.00 X 220165 0 10978 JOSEPH CHEESEMAN DIRECTOR OF DEVELOPMENT 40.00 X 198062 0 21354 DIANE ROSENBERG FORMER HEAD OF SCHOOL 0.00 X 547275 0 0 2684349 0 397745 64 1 1 0 SERVICE BY MEDALLION 455 NATIONAL AVENUE MOUNTAIN VIEW CA 94043 JANITORIAL SERVICES 2160049 EPICUREAN GROUP 111 MAIN STREET STE 3 LOS ALTOS CA 94022 FOOD SERVICES 1992225 ZUM SERVICES INC 275 SHORELINE DRIVE STE 200 REDWOOD CA 94065 TRANSPORTATION SERVICES 920454 EXQUISITE TRAVEL GROUP 221 ESTATES DRIVE ROSEVILLE CA 95678 TRAVEL AGENCY 905439 KIDZJET INC 1777 BOREL PLACE SUITE 102 SAN MATEO CA 94402 TRANSPORTATION SERVICES 854847 25 603586 16185689 600535 16789275 TUITION AND FEES 611710 51647810 51647810 LUNCH PROGRAM REVENUE 611710 1708497 1708497 TUTORING, MUSIC AND OT 611710 969856 969856 STUDENT TRANSPORTATION 611710 533575 533575 SUMMER PROGRAM REVENUE 611710 389579 389579 566278 566278 55815595 1197300 1197300 974348 975574 -1226 -1226 -1226 176042 603586 4049 171993 171993 OTHER INCOME 900099 800 800 800 73973737 55816395 0 1368067 X 6385763 6385763 1243655 1243655 24030922 19192641 4081730 756551 1292431 1032233 219509 40689 3374139 2694841 573071 106227 1826472 1458756 310212 57504 55916 55916 73500 73500 7134490 5150739 1765172 218579 520768 197693 195120 127955 364378 176046 179577 8755 1233104 775907 430246 26951 1290909 812280 450415 28214 22089 22089 614164 557840 42739 13585 1208977 760725 421828 26424 4842443 3041267 1695538 105638 324167 203976 113106 7085 CURRICULAR TRIP EXPENSE 2708784 2708784 STUDENT TRANSPORTATION 2528136 2528136 LUNCH PROGRAM 1742292 1742292 INSTRUCTIONAL EXPENSE 868736 868736 1384926 877558 476887 30481 65071161 51188302 12328221 1554638 1035842 2581247 51983800 58207618 7258357 5089051 15736182 18749811 1246516 1531478 195909915 46083783 152047346 149826132 32770483 41813878 952056 2057521 263030582 279856736 2475570 4306546 47465727 49816248 34149133 33173536 2903027 2725519 0 967642 86993457 90989491 X 116286911 115007013 59750214 73860232 176037125 188867245 263030582 279856736 8902576 3927544 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40563028 3753635 3571100 47887763 18648941 26438983 -424896 40563028 13577227 1555166 3516548 18648941 12429455 822515 325257 13577227 10347251 1520638 561566 12429455 0.08592 0.88868 0.02540 0 0 22249513 22249513 162100729 36922261 125178468 9962980 9161522 801458 1596693 1596693 149826132 FINANCE LEASE LIABILITIES 967642 967642 X 71516108 3927544 1390 3928934 67587174 6386563 6386563 73973737 58685988 1390 1390 58684598 6386563 6386563 65071161 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. THE SCHOOL'S SPENDING POLICY ALLOWS FOR ANNUAL TRANSFERS UP TO 7% OF THE PORTFOLIO VALUE, WHERE THE PORTFOLIO VALUE IS DETERMINED BASED ON AN AVERAGE OF THE PRECEDING 12-QUARTER PORTFOLIO MARKET VALUES AT THE END OF EACH PERIOD. THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN 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 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 6,385,763. DEPOSIT REFUND NETTED AGAINST EXPENSES 800. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 6,385,763. DEPOSIT REFUND NETTED AGAINST EXPENSES 800. 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 ANNUALLY IN THE SCHOOL'S WEBSITE: "THE NUEVA SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, GENDER, SEXUAL ORIENTATION, OR RELIGIOUS AFFILIATION TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. NUEVA DOES NOT DISCRIMINATE ON THE BASIS OF THESE FACTORS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, FINANCIAL AWARD PROGRAMS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIP 452498 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIP 459139 SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIP 188570 0 0 0 0 0 0 1100207 0 1100207 0 0 0 0 0 0 PART III ACCOUNTING METHOD: BENEFIT AUCTION 779628 603586 176042 559 3490 779628 603586 176042 559 3490 4049 171993 1 FINANCIAL ASSISTANCE (TUITION AND ADDITIONAL AID FOR SELECTED SCHOOL RELATED EXPENSES BEYOND TUITION) 165 6385763 PART I, LINE 2: INDIVIDUAL AMOUNTS ARE DETERMINED BY HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DIRECTOR OF FINANCE & ADMINISTRATION, DIRECTOR OF ENROLLMENT & STRATEGIC ENGAGEMENT, AND DIRECTOR OF ADMISSIONS. TOTAL BUDGET AMOUNT IS APPROVED BY BOARD. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 LEE FERTIG HEAD OF SCHOOL 518435 0 15000 0 0 0 29698 0 161087 0 724220 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL 408750 0 15000 0 123718 0 22427 0 11681 0 581576 0 0 0 DIANE ROSENBERG FORMER HEAD OF SCHOOL 15000 0 0 0 532275 0 0 0 0 0 547275 0 0 0 LIZA RAYNAL UPPER SCHOOL DIVISION HEAD 172703 0 15000 0 0 0 11960 0 101231 0 300894 0 0 0 JOHN GAVIN BRADLEY DIRECTOR OF COLLEGE COUNSELING 197174 0 0 0 36000 0 3976 0 8502 0 245652 0 0 0 BRETT DYER DIRECTOR OF FINANCE & ADMIN 217067 0 0 0 0 0 6349 0 8502 0 231918 0 0 0 TARYN GROGAN DIRECTOR OF ADMISSIONS 205165 0 15000 0 0 0 10978 0 0 0 231143 0 0 0 JOSEPH CHEESEMAN DIRECTOR OF DEVELOPMENT 198062 0 0 0 0 0 12852 0 8502 0 219416 0 0 0 PART I, LINE 1A LEE FERTIG IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. LIZA RAYNAL IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. JOHN GAVIN BRADLEY RECEIVED HOUSING ALLOWANCES WHICH WERE TREATED AS TAXABLE COMPENSATION. TERRY Y LEE RECEIVED HOUSING ALLOWANCES WHICH WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B DIANE ROSENBERG RECEIVED $532,275 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. TERRY LEE RECEIVED $87,718 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 274108 39725892 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION WAS NOT PERFORMED SINCE THE ISSUE IS NOT AN ARBITRAGE BOND. 189983 FIN AWARD TUITION X 39 600535 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REFLECTS THE NUMBER OF ITEMS DONATED. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE NUEVA SCHOOL, AN INTERNATIONALLY RECOGNIZED, NONPROFIT, INDEPENDENT DAY SCHOOL, HAS SERVED GIFTED AND TALENTED LEARNERS SINCE 1967. TODAY, NUEVA SERVES 967 STUDENTS PREK-12. NUEVA IS LOCATED IN THE NEIGHBORING TOWNS OF HILLSBOROUGH AND SAN MATEO, EQUIDISTANT BETWEEN SAN FRANCISCO AND SILICON VALLEY, SERVING SIX DIFFERENT COUNTIES THROUGHOUT THE BAY AREA OF NORTHERN CALIFORNIA. A CONSTRUCTIVIST SCHOOL, NUEVA IS KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, PROJECT-BASED LEARNING, AND PIONEERING WORK IN SOCIAL-EMOTIONAL LEARNING AND DESIGN THINKING. THE NUEVA COMMUNITY INSTILLS A PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY, AND DEVELOPS THE IMAGINATIVE MIND. OUR SCHOOL HAS RECEIVED THE US DEPARTMENT OF EDUCATION NATIONAL BLUE RIBBON AWARD AND THE AMERICAN INSTITUTE OF ARCHITECTS AWARD FOR SCHOOL DESIGN AND SUSTAINABILITY, HAS BEEN RECOGNIZED AS AN APPLE DISTINGUISHED PROGRAM AND APPOINTED AN ASHOKA CHANGEMAKER SCHOOL, CO-FOUNDED THE COMMON GROUND SPEAKER SERIES, HOSTS THE BIENNIAL INNOVATIVE LEARNING CONFERENCE, AND WAS HIGHLIGHTED BY THE PULITZER PRIZEWINNING AND NEW YORK TIMES BEST-SELLING AUTHOR THOMAS FRIEDMAN IN HIS BOOK "THAT USED TO BE US" IN THE CHAPTER "AVERAGE IS OVER." FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTING FIRM PREPARED A DRAFT OF THE FORM 990 (USING AUDITED FINANCIALS AND OTHER INFORMATION PROVIDED BY THE ORGANIZATION) AND PROVIDED TO THE CONTROLLER FOR REVIEW. THE DIRECTOR OF FINANCE AND ASSOCIATE HEAD OF SCHOOL REVIEWED AND THEN FORWARDED TO THE HEAD OF THE SCHOOL, FINANCE COMMITTEE CO-CHAIRS, AND THE BOARD EXECUTIVE COMMITTEE REVIEWED PRIOR TO FILING. QUESTIONS WERE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, HEAD OF SCHOOL, OFFICERS AND ALL EMPLOYEES OF THE SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE CHAIRPERSON OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE HEAD OF SCHOOL AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE CHAIR. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE HEAD OF SCHOOL AND THE CHAIR(S) OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM CAL-ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G PROGRAM, MUSIC, TUTORS, SPEAKERS, OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,967,422. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,967,422. FUNDRAISING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 108,006. TOTAL EXPENSES 108,006. CONSULTING: PROGRAM SERVICE EXPENSES 271,159. MANAGEMENT AND GENERAL EXPENSES 150,360. FUNDRAISING EXPENSES 9,419. TOTAL EXPENSES 430,938. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 1,116,695. MANAGEMENT AND GENERAL EXPENSES 619,215. FUNDRAISING EXPENSES 38,788. TOTAL EXPENSES 1,774,698. JANITORIAL: PROGRAM SERVICE EXPENSES 1,453,601. MANAGEMENT AND GENERAL EXPENSES 806,032. FUNDRAISING EXPENSES 50,491. TOTAL EXPENSES 2,310,124. MAINTENANCE: PROGRAM SERVICE EXPENSES 341,862. MANAGEMENT AND GENERAL EXPENSES 189,565. FUNDRAISING EXPENSES 11,875. TOTAL EXPENSES 543,302.