2025-05-09T10:59:09-05:00 2024-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-07-01 460631841 SYNAPSE SCHOOL SYNA 6502944570 3375 EDISON WAY MENLO PARK CA 940251811 JIM EAGEN HEAD OF SCHOOL 6502944570 2025-04-24 1 0 BLAKE SANDERSON P02344893 5854231860 2025-04-24 2023 2025-03-06 01:10:19Z JIM EAGEN 3375 EDISON WAY MENLO PARK CA 940251811 21571402 0 X WWW.SYNAPSESCHOOL.ORG X 2012 CA SYNAPSE USES LEARNING, ACADEMICS AND INNOVATION TO TURN GIFTED LEARNERS INTO CHANGE MAKERS. 10 9 89 10 0 0 9833853 4901844 13856734 15375104 138504 407633 641172 838100 24470263 21522681 1292685 1897937 0 0 10219542 11103643 0 0 176243 9972142 10497841 21484369 23499421 2985894 -1976740 67307050 65509326 60278608 60408903 7028442 5100423 X PROVIDE A COMPREHENSIVE AND BALANCED ACADEMIC EDUCATION FOR CHILDREN GRADES K-8 BASED ON THE BELIEF THAT CHILDREN ACHIEVE AT THE HIGHEST ACADEMIC LEVEL WHEN THEY FEEL SAFE, VALUED, AND CARED ABOUT IN AN EDUCATIONAL ATMOSPHERE THAT ENCOURAGES THE DEVELOPMENT OF OPTIMISM AND EMPATHY FOR EACH OTHER. 0 0 17752024 1897937 21552681 EDUCATIONAL PROGRAM - SYNAPSE SCHOOL COMBINES SOCIAL-EMOTIONAL LEARNING, LEADING-EDGE ACADEMICS, AND THE PRACTICE OF INNOVATION TO DEVELOP GIFTED LEARNERS INTO THE CHANGE MAKERS OF TOMORROW. THE SCHOOL SERVES AN ENROLLMENT OF 300 STUDENTS.GENERAL/ADMIN SYNAPSE SCHOOL REQUIRES A LARGE AMOUNT OF SUPPORT IN ORDER FOR THE EDUCATIONAL PROGRAM TO FUNCTION TOWARDS ITS GOALS.DEVELOPMENT SYNAPSE SCHOOL REQUIRES ADDITIONAL REVENUE BEYOND ITS TUITION BASE IN ORDER FOR THE EDUCATION PROGRAM TO ACHIEVE ITS GOALS. 17752024 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 89 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JIM EAGEN HEAD OF SCHOOL 6502944570 3375 EDISON WAY MENLO PARK CA 940251811 ANABEL JENSEN BOARD MEMBER 10.00 X 0 0 0 ANN MCCORMICK BOARD MEMBER 10.00 X 0 0 0 GEORGE MCCOWN TREASURER 10.00 X X 0 0 0 JENNIFER KITT BOARD MEMBER 10.00 X 0 0 0 KAREN MCCOWN BOARD CHAIR 10.00 X X 0 0 0 RAJA KAPADIA BOARD MEMBER 10.00 X 0 0 0 RUSSELL RYDEL BOARD MEMBER 10.00 X 0 0 0 VALENTINA EMBENI BOARD MEMBER 10.00 X 0 0 0 SUSAN SOLINSKY BOARD MEMBER 10.00 X 0 0 0 POOJA MITTAL BOARD MEMBER 10.00 X 0 0 0 JIM EAGEN HEAD OF SCHOOL 40.00 X 596602 0 64872 ERIC STORY CHIEF OPERATING OFFICER 40.00 X 188695 0 30975 KATHERINE MORGAN LS HEAD OF SCHOOL 40.00 X 173932 0 36803 STEPHANIE SETO MS HEAD OF SCHOOL 40.00 X 174299 0 21444 ELIZABETH TOOMARIAN DIRECTOR, BRAINWAVE LEARNING CENTER 40.00 X 157219 0 13669 ISHA JAIN DIRECTOR, IT 40.00 X 163071 0 14082 DANA STORY DIRECTOR, ADMISSIONS 40.00 X 166486 0 8324 1620304 0 190169 46 0 1 0 BOOSTED FINANCE PO BOX 70 PLAINVIEW NY 11803 ACCOUNTING 145000 FLAGSHIP PO BOX 8503 PASADENA CA 91109 FACILITIES 122387 WESSNE'S PO BOX 5414 BERKELEY CA 94705 FACILITIES 112370 3 1402399 3499445 4901844 TUITION AND OTHER SCHOOL FEES 611110 15375104 15375104 15375104 407633 407633 785455 0 785455 785455 785455 0 1402399 48721 -48721 -48721 OTHER INCOME 900099 101366 101366 101366 21522681 16568192 0 52645 1897937 1897937 833539 83354 750185 8008242 6174144 1713915 120183 304249 187300 116949 1257237 743786 513451 700376 396325 304051 16850 16850 214040 214040 368989 196180 162968 9841 135441 76643 53322 5476 40338 22826 17512 185269 104839 80430 4096839 3583387 513452 1012102 572723 439379 109039 61702 47337 STRAIGHT LINE RENT EXPE 1586099 1459211 126888 STUDENT SERVICES 1365775 1365775 OTHER 460958 260844 200114 REPAIRS AND MAINTENANCE 372553 210818 161735 533549 354230 138576 40743 23499421 17752024 5571154 176243 340311 188712 13629594 16121181 3772701 2872509 51393 58748 12162565 4778194 7328526 7384371 42184525 38883805 67307050 65509326 260962 315479 10723858 12552185 49293788 47541239 60278608 60408903 X 2745420 839737 4283022 4260686 7028442 5100423 67307050 65509326 X -1976740 48721 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10172333 3469219 6703114 1193289 787399 405890 796943 521576 275367 7384371 SECURITY DEPOSIT 300000 RIGHT-OF-USE ASSETS 38583805 38883805 LEASE LIABILITIES 47541239 47541239 X 19673465 48721 48721 19624744 1897937 1897937 21522681 21601484 0 21601484 1897937 1897937 23499421 PART X, LINE 2: THE SCHOOL IS ORGANIZED AS A NON-PROFIT CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES HAS BEEN MADE. THE SCHOOL FILES TAX RETURNS IN VARIOUS JURISDICTIONS AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. THE SCHOOL'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE SCHOOL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING 48,721. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 1,897,937. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 1,897,937. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ON THE SCHOOL'S APPLICATION FOR ADMISSION. ANNUAL FUND 1259585 1259585 SPRING BENEFIT 142814 142814 48721 1402399 1402399 48721 48721 -48721 1 FINANCIAL AID 43 1897937 FMV PART I, LINE 2: FINANCIAL AID IS DISTRIBUTED TO FAMILIES BASED ON NEED. FAMILIES SEEKING FINANCIAL AID MUST APPLY THROUGH SSS AND THEIR APPLICATIONS ARE EVALUATED BY ADMISSIONS, HEAD OF SCHOOL AND CFO. IF ANY AWARD IS DETERMINED, THIS IS INCLUDED IN THEIR ENROLLMENT CONTRACT. THE SCHOOL DOES NOT CONSIDER FINANCAIL AID TO BE A GRANT, SO NO OTHER TRACKING IS DONE. X 1 1 X X 0 0 0 0 0 0 0 1 0 JIM EAGEN HEAD OF SCHOOL 531052 0 65550 0 0 0 22500 0 42372 0 661474 0 0 0 ERIC STORY CHIEF OPERATING OFFICER 188695 0 0 0 0 0 9435 0 21540 0 219670 0 0 0 KATHERINE MORGAN LS HEAD OF SCHOOL 173932 0 0 0 0 0 18215 0 18588 0 210735 0 0 0 STEPHANIE SETO MS HEAD OF SCHOOL 174299 0 0 0 0 0 13944 0 7500 0 195743 0 0 0 ISHA JAIN DIRECTOR, IT 163071 0 0 0 0 0 8154 0 5928 0 177153 0 0 0 DANA STORY DIRECTOR, ADMISSIONS 166486 0 0 0 0 0 8324 0 0 0 174810 0 0 0 ELIZABETH TOOMARIAN DIRECTOR, BRAINWAVE LEARNING CENTER 157219 0 0 0 0 0 7861 0 5808 0 170888 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES A TAXABLE HOUSING STIPEND. PART I, LINE 3 HEAD OF SCHOOL IS PAID UP TO 15% OF THEIR SALARY BASED ON THE SAME STRUCTURE AS OTHER HEADS OF SCHOOL. PART I, LINE 8 THE HEAD OF SCHOOL IS ELIGIBLE FOR A BONUS OF UP TO 15% OF THEIR SALARY, AS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER GEORGE MCCOWN IS MARRIED TO BOARD CHAIR KAREN MCCOWN. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FINANCE COMMITTEE WILL DISCUSS THE 990 WITH THE CFO AND THEN PRESENT THE 990 TO THE WHOLE BOARD AND MAKE A RECOMMENDATION ON ACCEPTANCE, WHICH WILL BE VOTED ON. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS OR OTHERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 A BUDGET WITH SALARY DETAILS IS PREPARED. THE BOARD REVIEWS THESE SALARIES WITH THE HEAD OF SCHOOL AND COMPARE THE SALARIES AND LEVELS OF EXPERIENCE WITH OTHER SIMILAR SCHOOLS IN THE AREA. THE BOARD VOTES TO APPROVE OR DENY THE SALARY RECOMMENDATIONS PRESENTED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART XI, LINE 9: DIRECT FUNDRAISING EXPENSES 48,721. FORM 990, PART XII, LINE 2C: THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.