2023-05-12T15:58:37-05:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 942570257 SAN FRANCISCO DAY SCHOOL SANF 4159312422 350 MASONIC AVENUE SAN FRANCISCO CA 94118 LUIS MARTINEZ DIRECTOR OF FINANCE 4159312422 2023-05-10 1 LUIS MARTINEZ 999009999 KATY BROWN P00650274 9257902600 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR MICHAEL WALKER 350 MASONIC AVENUE SAN FRANCISCO CA 94118 25011434 0 X WWW.SFDAY.ORG X 1981 CA AT SF DAY, WE IGNITE CURIOSITY. WE CULTIVATE A DIVERSE, NURTURING COMMUNITY THAT ENCOURAGES LEARNERS TO EXPAND THEIR PERSPECTIVES AND BECOME THEIR TRUE SELVES. STUDENTS DEVELOP AS COMPASSIONATE, CREATIVE PROBLEM-SOLVERS, PREPARED TO THRIVE IN AN EVER-CHANGING WORLD. 24 24 161 200 0 0 7623448 4755737 15612682 16904819 697462 754289 -72804 270781 23860788 22685626 2471035 2663733 0 0 12652073 12656503 0 0 901313 3714574 7052319 18837682 22372555 5023106 313071 90241572 97334120 17021229 29735270 73220343 67598850 AT SF DAY, WE IGNITE CURIOSITY. WE CULTIVATE A DIVERSE, NURTURING COMMUNITY THAT ENCOURAGES LEARNERS TO EXPAND THEIR PERSPECTIVES AND BECOME THEIR TRUE SELVES. STUDENTS DEVELOP AS COMPASSIONATE, CREATIVE PROBLEM-SOLVERS, PREPARED TO THRIVE IN AN EVER-CHANGING WORLD. 0 0 18091030 2663733 16904819 ESTABLISHED IN 1981, SAN FRANCISCO DAY SCHOOL ENROLLS 420 K-8TH GRADE STUDENTS EACH YEAR. 18091030 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 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 1 0 0 0 0 1 76 0 1 161 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X LUIS MARTINEZ 4159312422 350 MASONIC AVENUE SAN FRANCISCO CA 94118 ADRIANA LOPEZ VERMUT BOARD CHAIR 8.00 X X 0 0 0 JEREMIAH LANE TREASURER 4.00 X X 0 0 0 VANESSA CHO SECRETARY 4.00 X X 0 0 0 RON BROWN TRUSTEE 4.00 X 0 0 0 LEXIE FISHER GEORGE TRUSTEE 4.00 X 0 0 0 MATT MURRAY TRUSTEE 4.00 X 0 0 0 SARAH STEIN TRUSTEE 4.00 X 0 0 0 HEIDI VON ALLMEN TRUSTEE 4.00 X 0 0 0 CHRISTINE WONG TRUSTEE 4.00 X 0 0 0 OLIVIA MORGAN TRUSTEE 4.00 X 0 0 0 ALI DIAB TRUSTEE 4.00 X 0 0 0 WENDY HOLCOMBE TRUSTEE 4.00 X 0 0 0 CRAIG BRUMFIELD TRUSTEE 4.00 X 0 0 0 TOMONORI TANI TRUSTEE 4.00 X 0 0 0 TRISH TIERNEY TRUSTEE 4.00 X 0 0 0 JILL ROBERSTON TRUSTEE 4.00 X 0 0 0 ANU CAIRO TRUSTEE 4.00 X 0 0 0 JOSH OLSHANSKY TRUSTEE 4.00 X 0 0 0 JESSICA MOMENT TRUSTEE 4.00 X 0 0 0 DEAN RAADER TRUSTEE 4.00 X 0 0 0 AMIE NENNINGER TRUSTEE 4.00 X 0 0 0 VISHAL TAYAL TRUSTEE 4.00 X 0 0 0 SHILPA JAIN TRUSTEE 4.00 X 0 0 0 ELI WEINBERG TRUSTEE 4.00 X 0 0 0 DR MICHAEL WALKER HEAD OF SCHOOL 40.00 X 639968 0 72274 JENI IZUEL CFO, DIR OF OPS, CORP TREASURER 40.00 X 227187 0 51876 PETER MCCORMACK INTERIM HOS (12/2021 TO 06/2022) 40.00 X 44453 0 0 LUIS A MARTINEZ-SATRAS DIRECTOR OF FINANCIAL OPERATIONS 40.00 X 0 0 0 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 40.00 X 199258 0 22379 KAILI HWANG HEAD OF LOWER SCHOOL 40.00 X 181978 0 19455 RUTH BISSELL HEAD OF UPPER SCHOOL 40.00 X 174286 0 35496 ADONICA POWELL CONTROLLER 40.00 X 130482 0 6300 BETSY BRODY DIR. OF HS COUNSELING 40.00 X 169221 0 22267 MARY O'BRIEN PE TEACHER 40.00 X 131835 0 26380 STEVE ROBERTS PE TEACHER 40.00 X 122027 0 38233 KAREN RICHARDS ART TEACHER 36.00 X 118819 0 26213 2139514 0 320873 25 0 1 0 HERRERO BUILDERS 2100 OAKDALE AVENUE SAN FRANCISCO CA 94124 CONSTRUCTION 12641586 STUDIO BONDY ARCHITECTURE 110 LINDEN STREET OAKLAND CA 94607 ARCHITECT 647629 KNOWING TECHNOLOGIES 660 PRICE AVE SUITE C REDWOOD CITY CA 94063 IT SERVICES 255997 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 MAINTENANCE 230514 DARIOUSH INC 900 DOOLITTLE DRIVE 7A SAN LEANDRO CA 94577 LUNCHES 214341 11 318411 4437326 508295 4755737 TUITION 611710 16016740 16016740 AUXILLARY SERVICES 611710 881258 881258 LIBRARY REVENUE 611710 6821 6821 16904819 754289 754289 155139 124686 30453 30453 30453 2093409 2093409 0 0 312239 107713 204526 204526 MISC INCOME 900099 35802 35802 35802 22685626 16904819 0 1025070 2663733 2663733 1968593 1000530 637923 330140 9278923 7354750 1616059 308114 409628 409628 226251 226251 773108 713614 44913 14581 172128 172128 160679 139993 20686 485456 476857 4623 3976 2909 2909 122435 42074 80340 21 400619 272786 106421 21412 629496 616140 7181 6175 214278 209992 2143 2143 2609331 2563119 24845 21367 175811 74016 100548 1247 SUPPLIES & MATERIALS 1440760 1274600 100625 65535 CONTRACTED FACULTY 500972 85272 310586 105114 PROFESSIONAL DEVELOPMEN 121230 95493 24935 802 EMPLOYEE FOOD & ENTERTA 13767 9727 4040 0 2448 2448 22372555 18091030 3380212 901313 609545 1640589 5773019 8036811 6656282 4544260 8085223 9585359 350000 0 183922 68073 54182410 18706256 25554177 35476154 42876116 37791346 115528 182057 37760 9471 90241572 97334120 2590057 4286985 13450852 14211613 980320 11236672 17021229 29735270 X 17217651 16825546 56002692 50773304 73220343 67598850 90241572 97334120 313071 -5934564 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36333838 -5038415 -1584060 29711363 30089775 7711163 1467100 36333838 31674538 7100 1765004 3356867 30089775 31148309 2600 1882705 1359076 31674538 30441405 107600 658148 58844 31148309 0.70651 0.29349 0 0 4458117 4458117 20711973 14702011 6009962 5509469 4004245 1505224 23502851 23502851 35476154 X 14212015 -5934564 -2663733 -8598297 22810312 -124686 -124686 22685626 19833508 124686 124686 19708822 2663733 2663733 22372555 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF MULTIPLE ENDOWMENTS ESTABLISHED FOR A VARIETY OF PURPOSES, SOME OF WHICH INCLUDE DONOR-RESTRICTED FUNDS. THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AS REQUIRED BY U.S. GAAP. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS: (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURES BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. THE SCHOOL CONSIDERED THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSES OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF THE SCHOOL (7) THE INVESTMENT POLICIES OF THE SCHOOL RETURN OBJECTIVES AND RISK PARAMETERS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. THE SCHOOL ASPIRES ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A MODERATE RATE OF RETURN, CONSISTENT WITH THE INVESTMENT POLICY. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES: THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENT TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES. THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS. ON INDIVIDUAL ENDOWMENT FUNDS WHERE THE FAIR VALUE HAS DECREASED BELOW COST, THE SCHOOL'S POLICY IS TO DISTRIBUTE ONLY INVESTMENT EARNINGS. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERS THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. OVER THE LONG-TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN AND GROW REAL PURCHASING POWER OVER LONG TIME HORIZONS CONSISTENT WITH THE INVESTMENT POLICY, WHILE RECOGNIZING THE CHALLENGES OF MEETING THIS GOAL IN THE CURRENT INVESTMENT ENVIRONMENT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -2,663,733. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -124,686. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 124,686. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,663,733. 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 PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE. SF FEST 302446 302446 79992 17722 PHOTO NIGHT EXPENSE 9793 9793 9999 312239 312239 79992 27721 107713 204526 1 TUITION ASSISTANCE 92 0 2663733 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: TUITION ASSISTANCE IS PROVIDED TO STUDENTS ACCORDING TO THOSE DEMONSTRATING FINANCIAL NEED. THIS ASSISTANCE IS MONITORED THROUGH THE "SCHOOL AND STUDENT SERVICES" PROGRAM OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH PROVIDES ASSISTANCE CALCULATIONS AND TRACKING. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR MICHAEL WALKER HEAD OF SCHOOL 419468 0 0 0 220500 0 57800 0 14474 0 712242 0 0 0 JENI IZUEL CFO, DIR OF OPS, CORP TREASURER 227187 0 0 0 0 0 17798 0 34078 0 279063 0 0 0 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 199258 0 0 0 0 0 14120 0 8259 0 221637 0 0 0 RUTH BISSELL HEAD OF UPPER SCHOOL 174286 0 0 0 0 0 13041 0 22455 0 209782 0 0 0 KAILI HWANG HEAD OF LOWER SCHOOL 181978 0 0 0 0 0 12717 0 6738 0 201433 0 0 0 BETSY BRODY DIR. OF HS COUNSELING 169221 0 0 0 0 0 11857 0 10410 0 191488 0 0 0 STEVE ROBERTS PE TEACHER 122027 0 0 0 0 0 10910 0 27323 0 160260 0 0 0 MARY O'BRIEN PE TEACHER 131835 0 0 0 0 0 10539 0 15841 0 158215 0 0 0 PART I, LINE 1A SAN FRANCISCO DAY SCHOOL DOES NOT OWN A HOUSE FOR ITS HEAD OF SCHOOL, THUS DR. MICHAEL WALKER RECEIVES A HOUSING ALLOWANCE AS PART OF HIS COMPENSATION. IN CALENDAR YEAR 2021, THE HOUSING ALLOWANCE WAS $220,500, AND THIS ALLOWANCE WAS INCLUDED ON HIS W-2. PART I, LINE 4B HEAD OF SCHOOL DR. MICHAEL WALKER PARTICIPATES IN THE SCHOOL'S 457(F) DEFERRED COMPENSATION PLAN. DURING 2021 CALENDAR YEAR, $23,000 WAS ACCRUED UNDER 457(F) PLAN, $14,000 IS ER MATCH AND THE REMAINING $20,800 WAS ACCRUED UNDER 457(B) PLAN. THE AMOUNT WAS REPORTED ON SCHEDULE J, PART II, COLUMN (C). A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-10-09 20000000 FINANCING FACILITIES PROJECT 0 0 0 A 11396000 11396000 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 0 68176 DIRECT CREDIT TO STUDENT'S ACCOUNT FINANCIAL AID X 26 508295 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WHICH ALSO AUDITS THE SCHOOL. THE FORM 990 IS THEN REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER AND THE TREASURER OF THE GOVERNING BODY. A PUBLIC DISCLOSURE COPY WITH REDACTED OFFICER COMPENSATION INFORMATION IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLCY WHICH ALL TRUSTEES ARE MADE AWARE OF AS PART OF THEIR ORIENTATION. EACH YEAR THEY SIGN A STATEMENT AT THE LAST BOARD MEETING OF THE YEAR, THAT STATES THEY HAVE BEEN IN COMPLIANCE WITH THIS POLICY, DOCUMENTING ANY COMPENSATION RECEIVED FROM THE INSTITUTION OTHER THAN THIS ANNUAL REVIEW. THE CFO/DIRECTOR OF OPERATIONS, WHO REVIEWS ALL DISBURSEMENTS, WILL QUESTION ANY AMOUNTS PAID TO TRUSTEES WITH REGARDS TO CONFLICT OF INTEREST. IF A POTENTIAL CONFLICT OF INTEREST APPEARS, THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. IF A MORE ADVANTAGEOUS ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST CAN NOT BE ATTAINED, THE BOARD WILL VOTE WHETHER TO ENTER THE ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES THE WRITTEN CONTRACT FOR THE HEAD OF SCHOOL. ALL OTHER HIGH LEVEL EMPLOYEE COMPENSATION IS APPROVED BY THE HEAD OF SCHOOL IN LINE WITH ANNUAL BUDGET CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE BUSINESS OFFICE AND REQUESTING THEM. THE SCHOOL'S FORM 990 IS ALSO AVAILABLE WITH DONOR INFORMATION REDACTED AT WWW.GUIDESTAR.ORG. SIMON PROPS LLC 350 MASONIC AVENUE SAN FRANCISCO CA 94118 454984722 REAL ESTATE HOLDING CA 148880 1288529 SAN FRANCISCO DAY SCHOOL