2023-05-12T14:11:04-05:00 2022-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2021-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING COO 4152020770 2023-05-09 1 DAVID LESSING 999009999 ROGER BULOSAN P00221282 4154326200 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHRIS LIVACCARI 250 10TH STREET SAN FRANCISCO CA 94103 18180330 0 X WWW.PRESIDIOKNOLLS.ORG X 2006 CA TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 19 17 146 50 0 0 1393872 2602790 13499608 15150299 6099 5037 485371 422204 15384950 18180330 1438674 1478773 0 0 9935525 10035653 0 0 476295 4005480 4433513 15379679 15947939 5271 2232391 66263840 68508830 41137089 39554371 25126751 28954459 OUR MISSION IS TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE EDUCATION AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 0 0 11920613 1478773 15572503 PRESIDIO KNOLLS SCHOOOL (PKS) IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED AS A PRESCHOOL IN 2006 IN SAN FRANCISCO, CALIFORNIA, OFFERING A REGGIO EMILIA INSPIRED EDUCATIONAL APPROACH WITH MANDARIN IMMERSION PROGRAM. IN 2012, THE SCHOOL BEGAN AN EMERGING PREK-8 PROGRAM. FOR THE 2021/2022 SCHOOL YEAR, THE SCHOOL HAD PRESCHOOL, KINDERGARTEN, 1ST, 2ND, 3RD, 4TH, 5TH, 6TH, 7TH AND 8TH GRADES. 11920613 1 1 0 0 0 0 0 0 0 0 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 1 1 1 1 0 1 0 0 0 0 1 0 0 0 1 20 0 1 146 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X AILEEN DE LEON 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 AMY LIAW SECRETARY 5.00 X X 0 0 0 CHASSE CARROLL TRUSTEE 5.00 X 0 0 0 DAVE GEBALA TRUSTEE 5.00 X 0 0 0 EMMA COCKS TRUSTEE 5.00 X 0 0 0 JED LAU CHAIR 5.00 X X 0 0 0 JIMMY QUACH TREASURER 5.00 X X 0 0 0 JULIO MORENO TRUSTEE 5.00 X 0 0 0 KAREN GULLO TRUSTEE 5.00 X 0 0 0 KITTY OESTLIEN TRUSTEE 5.00 X 0 0 0 LUKE FELKER TRUSTEE 5.00 X 0 0 0 MARK ROCHE TRUSTEE 5.00 X 0 0 0 MIKHAL BOUGANIM TRUSTEE 5.00 X 0 0 0 MIKE KIM TRUSTEE 5.00 X 0 0 0 ROB TSAI TRUSTEE 5.00 X 0 0 0 ROB ZIVNUSKA VICE-CHAIR 5.00 X X 0 0 0 THERESA JOHNSON TRUSTEE 5.00 X 0 0 0 ALEJANDRA RINCON TRUSTEE 5.00 X 0 0 0 NANCY HANG TRUSTEE 5.00 X 0 0 0 WENDY WONG TRUSTEE 5.00 X 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL 40.00 X 363761 0 10335 DAVID LESSING COO 40.00 X 267617 0 3063 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 40.00 X 196409 0 9429 SIMONA CHONGO HEAD OF PRESCHOOL 40.00 X 151703 0 9102 LORRAINE CHAO HEAD OF LOWER ELEMENTARY 40.00 X 169503 0 7391 DENISE SVENSON HEAD OF UPPER ELEMENTARY 40.00 X 153952 0 7391 GILLIAN WILSON DIRECTOR OF OPERATIONS & HR 40.00 X 132298 0 2075 1435243 0 48786 7 0 1 0 PLANT CONSTRUCTION CO 300 NEW HALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION AND RENOVATION 250000 ONECLICKFIX LLC 580 CALIFORNIA STREET 16TH FLOOR SAN FRANCISCO CA 94104 IT SERVICES AND PRODUCTS 129764 2 184006 2418784 66855 2602790 TUITION AND FEES 611600 15150299 15150299 15150299 5037 5037 0 184006 0 0 PRESCHOOL FOR ALL FUNDING 611600 371924 371924 OTHER INCOME - DEBT RECOVERY 611600 43523 43523 OTHER INCOME 611600 6757 6757 422204 18180330 15572503 0 5037 1478773 1478773 603608 212949 269937 120722 7895004 6125736 1607544 161724 64976 50441 13207 1328 864561 674358 172912 17291 607504 496986 99662 10856 44616 44616 70509 70509 206250 88368 117882 295021 20844 272499 1678 409929 307447 90184 12298 70448 29487 38917 2044 1062500 796875 233750 31875 1401628 1051221 308358 42049 EDUCATIONAL SUPPLIES 592272 573033 18086 1153 OTHER EXPENSES 279335 14095 191963 73277 LOSS ON UNCOLLECTIBLE P 1005 1005 15947939 11920613 3551031 476295 9361518 11822978 14 30248 11000 9995 5424049 6048997 100000 82062 105186 56602447 6211021 51385197 50391426 66263840 68508830 1722310 1737311 11179024 11567971 26604088 26212739 1631667 36350 41137089 39554371 X 25027143 28854421 99608 100038 25126751 28954459 66263840 68508830 2232391 1595317 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15503707 15503707 3163479 650271 2513208 37503476 5293361 32210115 430167 265771 164396 1618 1618 0 50391426 INTEREST RATE SWAP 36350 36350 X 18253351 1595317 1595317 16658034 1522296 1522296 18180330 14425643 -43523 -43523 14469166 1478773 1478773 15947939 PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS 1,595,317. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINT TUITION ON AUDITED STATEMENTS 1,478,773. BAD DEBT RECOVERY (NEGATIVE EXPENSE ON AUDITED STATEMENTS) 43,523. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY (NEGATIVE EXPENSE ON AUDITED STATEMENTS) -43,523. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINT TUITION ON AUDITED STATEMENTS 1,478,773. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NON-DISCRIMINATORY POLICY IS INLCUDED IN THE WELCOME PAGE UNDER ADMISSION SECTION IN SCHOOL WEBSITE. HTTPS://WWW.PRESIDIOKNOLLS.ORG/ADMISSIONS-WELCOME. SCHEDULE E, PART I, LINE 6 PRESIDIO KNOLLS SCHOOL QUALIFIES FOR PRESCHOOL FOR ALL / HEADSTART / FIRST FIVE FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM AND SOME OF 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE. THE FAMILY MUST BE RESIDENT IN SAN FRANCISCO TO QUALIFY. 1 SPRING GALA 184006 184006 184006 184006 1 TUITION ASSISTANCE / FINANCIAL AID AWARDS 34 656565 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, TUITION CREDITS 54 239900 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, ANNUAL TUITION CREDITS 93 23250 FMV REDUCTION IN TUITION BILLING. TUITION DISCOUNT FOR TRAVEL/STEM FEE 36 49000 FMV REDUCTION IN TUITION BILLING. TUITION REMISSION / STAFF TUITION DISCOUNTS 22 404703 PART I, LINE 2: TUITION ASSISTANCE: THE SCHOOL USES A THIRD PARTY PROVIDER TO MONITOR WHO SHOULD RECEIVE ASSISTANCE. THE AWARD IS APPLIED TO EACH RECEIPIENT'S TUITION BALANCE. TUITION REMISSION: TUITION REMISSION IS OFFERED TO EMPLOYEES AND APPLIED TO EACH RECEIPIENT'S TUITION BALANCE. TUITION CREDITS: THE SCHOOL RECEIVES PRESCHOOL FOR ALL FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE, FOR FAMILIES RESIDENT IN SAN FRANCISCO. X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL 363761 0 0 0 0 0 2900 0 7435 0 374096 0 0 0 DAVID LESSING COO 267617 0 0 0 0 0 2708 0 355 0 270680 0 0 0 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 196409 0 0 0 0 0 2016 0 7413 0 205838 0 0 0 LORRAINE CHAO HEAD OF LOWER ELEMENTARY 169503 0 0 0 0 0 0 0 7391 0 176894 0 0 0 DENISE SVENSON HEAD OF UPPER ELEMENTARY 153952 0 0 0 0 0 0 0 7391 0 161343 0 0 0 SIMONA CHONGO HEAD OF PRESCHOOL 151703 0 0 0 0 0 1711 0 7391 0 160805 0 0 0 A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2018-06-12 27500000 TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS 0 0 0 A 27500000 277275 13636271 17086455 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 COMPASS BANK 7.000000000000 0 0 0 0 1 A 1 CHRISTOPHER LIVACCARI HEAD OF SCHOOL LOAN TO HEAD OF SCHOOL X 100000 100000 0 1 1 100000 KAREN GULLO TRUSTEE 33590 TUITION ASSISTANCE DISCOUNTED TUITION DAVID LESSING OFFICER, COO 25943 STAFF DISCOUNT/REMISSION DISCOUNTED TUITION ALEJANDRA RINCON TRUSTEE 37314 TUITION ASSISTANCE DISCOUNTED TUITION FRIENDS OF PKS LLC TRUSTEES AND FORMER TRUSTEES 3500000 LOAN TO SCHOOL TO PURCHASE PROPERTY 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THERE ARE 8 FORMER TRUSTEES THAT ARE MEMBER OF FRIENDS OF PKS. THE MEMBERS OF FRIENDS OF PKS, LLC WERE CURRENT SCHOOL TRUSTEES, ARE CURRENTLY FORMER SCHOOL TRUSTREES, OR SPOUSES OF FORMER SCHOOL TRUSTREES: JEREMY LIEW (FORMER TRUSTEE AND SPOUSE OF A FORMER TRUSTEE), RANEE LAN (FORMER TRUSTEE AND SPOUSE OF A FORMER TRUSTEE), MELODY MECKFESSEL (FORMER TRUSTEE), LAURA B. NADLER (FORMER TRUSTEE), DAVID NADLER (SPOUSE OF FORMER TRUSTEE), KEVIN WONG (FORMER TRUSTEE), AUDREY LEE (SPOUSE OF FORMER TRUSTEE), LEO K. MA (FORMER TRUSTEE), MINGMING L. LIU (SPOUSE OF FORMER TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN M. MCKIBBEN (SPOUSE OF FORMER TRUSTEE), LANIER COLES (FORMER TRUSTEE), AND CHARLTON YU (SPOUSE OF A FORMER TRUSTEE). SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 6/12/18, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE CALIFORNIA MUNICIPAL FINANCE AUTHORIGY (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 TAX-EXEMPT SUBORDINATE LOAN PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN WAS USED TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. THESE FUNDS ARE INCLUDED IN THE ISSUE PRICE OF $27.5 MILLION ON SCHEDULE K. X 66855 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THERE ARE 8 FORMER TRUSTEES THAT ARE MEMBER OF FRIENDS OF PKS. THE MEMBERS OF FRIENDS OF PKS, LLC ARE FORMER SCHOOL TRUSTREES OR SPOUSES OF FORMER SCHOOL TRUSTEES: JEREMY LIEW (FORMER TRUSTEE AND SPOUSE OF A FORMER TRUSTEE), RANEE LAN (FORMER TRUSTEE AND SPOUSE OF A FORMER TRUSTEE), MELODY MECKFESSEL (FORMER TRUSTEE), LAURA B. NADLER (FORMER TRUSTEE), DAVID NADLER (SPOUSE OF FORMER TRUSTEE), KEVIN WONG (FORMER TRUSTEE), AUDREY LEE (SPOUSE OF FORMER TRUSTEE), LEO K. MA (FORMER TRUSTEE), MINGMING L. LIU (SPOUSE OF FORMER TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN M. MCKIBBEN (SPOUSE OF FORMER TRUSTEE), LANIER COLES (FORMER TRUSTEE), AND CHARLTON YU (SPOUSE OF A FORMER TRUSTEE). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD EXECUTIVE COMMITTEE, BOARD FINANCE COMMITTEE AND BOARD FUNDRAISING/DEVELOPMENT COMMITTEE REVIEW THE TAX RETURN PRIOR TO FILING. THE BOARD FINANCE COMMITTEE APPROVES THE FINAL TAX RETURN PRIOR TO FILING. AFTER FILING, THE PUBLIC DISCLOSURE COPY IS SHARED WITH ALL COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST COVERS BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS. DISCLOSURES ARE COLLECTED AND REVIEWED BY THE CORPORATE SECRETARY AND CONTROLLER. POTENTIAL CONFLICT WILL BE REPORTED TO THE COO AND THE EXECUTIVE COMMITTEE WILL DECIDE IF ANY ADDITIONAL ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FRIENDS OF PKS LLC 332 CUMBERLAND STREET SAN FRANCSICO CA 94114 472112630 REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. CA 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRIENDS OF PKS LLC E AS REPORTED ON THE LOAN AGREEMENT