2023-05-01T10:55:38-05:00 2022-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2021-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 KATHERINE S PLOUGH CHIEF FINANCE & OPERATIONS OFFICER 4155650400 2023-04-28 1 KATHERINE PLOUGH 999009999 ROGER BULOSAN P00221282 4154326200 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KATHERINE S PLOUGH 250 VALENCIA STREET SAN FRANCISCO CA 941032322 22394011 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA EDUCATING, INSPIRING, & NURTURING GIRLS & BOYS IN THE TRADITION OF QUAKER LEARNING. 24 22 163 27 5847 0 3193374 4466661 16475670 17118301 820123 558564 0 0 20489167 22143526 3223087 3219298 0 0 10438791 10915630 0 0 562110 4469742 4802721 18131620 18937649 2357547 3205877 75480352 75007524 39311910 38142021 36168442 36865503 X SAN FRANCISCO FRIENDS SCHOOL IS DEDICATED TO EDUCATING, INSPIRING, AND NURTURING CHILDREN IN THE QUAKER SCHOOL TRADITION. THE DAILY LIFE OF OUR SCHOOL IS ROOTED IN THE QUAKER VALUES OF SIMPLICITY, INTEGRITY, MUTUAL RESPECT, PEACEFUL PROBLEM-SOLVING, AND SERVICE TO OTHERS. WE STRIVE TO DEVELOP IN EACH CHILD INTELLECTUAL CURIOSITY AND PASSION FOR LEARNING. WE CHALLENGE STUDENTS WITH ACADEMIC RIGOR, WHILE HONORING INDIVIDUAL STRENGTHS AND ABILITIES. WE SEEK TO CREATE A COMMUNITY THAT EMBRACES CHILDREN AND FAMILIES OF ALL BACKGROUNDS, RECOGNIZING THAT DIVERSITY IS ESSENTIAL TO THE VITALITY OF OUR SCHOOL. WE ENGAGE WITH THE LARGER WORLD AROUND US, WORKING TOWARD THE QUAKER IDEAL OF A CARING AND JUST SOCIETY. 0 1 14989017 3219298 17118301 PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO OPERATE GRADES K-8 FOR 442 STUDENTS IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 14989017 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 43 0 1 163 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 22 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KATHERINE S PLOUGH 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 94103 CAMILO ACOSTA TRUSTEE 1.00 X 0 0 0 WILL ALDRICH TRUSTEE 1.00 X 0 0 0 CHARLES BELLO TRUSTEE 1.00 X 0 0 0 EDWARD CHUNG TREASURER 1.00 X X 0 0 0 RORY EAKIN TRUSTEE 1.00 X 0 0 0 REBECCA FOSTER TRUSTEE 1.00 X 0 0 0 NIKITA GUJRAL TRUSTEE 1.00 X 0 0 0 LUCAS BORDEN TRUSTEE 1.00 X 0 0 0 DAN HIRSCH TRUSTEE 1.00 X 0 0 0 ERNIE HSIN SECRETARY 1.00 X X 0 0 0 CHRYSTY ESPERANZA TRUSTEE 1.00 X 0 0 0 JENNIFER HSIEH TRUSTEE 1.00 X 0 0 0 DAPHNE LI TRUSTEE 1.00 X 0 0 0 ROB LIPPINCOTT TRUSTEE 1.00 X 0 0 0 EDGAR LOPEZ TRUSTEE 1.00 X 0 0 0 CHING-YEE HU TRUSTEE 1.00 X 0 0 0 YVONNE NEIRA-PEREZ TRUSTEE 1.00 X 0 0 0 ELIZABETH LONGSTRETH TRUSTEE 1.00 X 0 0 0 CYNTHIA SO SCHROEDER TRUSTEE 1.00 X 0 0 0 BEN TRANEL TRUSTEE 1.00 X 0 0 0 NELLY SAPINSKI TRUSTEE 1.00 X 0 0 0 SHALINEE THAKUR TRUSTEE 1.00 X 0 0 0 MAUREEN MCAVOY CO-CLERK 1.00 X 0 0 0 KELLY MCKANE CO-CLERK 1.00 X 0 0 0 MICHAEL HANAS HEAD OF SCHOOL 40.00 X 535663 0 19535 KATHERINE PLOUGH DIRECTOR OF FINANCE 40.00 X 250364 0 15983 JENNIFER ARNEST HEAD OF LOWER SCHOOL 40.00 X 184991 0 21226 TRACIE MASTRONICOLA ACADEMIC DEAN 40.00 X 180729 0 19762 CLARKE WEATHERSPOON HEAD OF MIDDLE SCHOOL 40.00 X 159841 0 17438 GUYBE SLANGEN DIRECTOR OF COMMUNITY ENGA 40.00 X 137090 0 15711 RYAN GALLAGHER DIRECTOR OF TECHNOLOGY 40.00 X 133167 0 17980 1581845 0 127635 28 0 1 0 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 BUILDING MAINTENANCE 370911 ESWIN COTOM 511 BIRCH STREET SAN FRANCISCO CA 94102 JANITORIAL SERVICE 101212 2 213976 1976075 2276610 1647920 4466661 TUITION 611110 16636069 16636069 AUXILLARY 611110 399898 399898 MISC 611110 82334 82334 17118301 361960 5847 356113 406010 209406 196604 196604 196604 41079 213976 41079 0 22143526 17118301 5847 552717 3219298 3219298 986491 149354 735283 101854 8190107 6802003 1064966 323138 421727 327074 75307 19346 682480 549091 110410 22979 634825 495262 112111 27452 41461 41461 60238 60238 252691 83986 151707 16998 246042 69788 159627 16627 180754 51748 118641 10365 764663 600872 158744 5047 44909 7938 34642 2329 622496 489157 129230 4109 1344103 1056196 279036 8871 131114 109396 20887 831 TEACHING MATERIALS & SU 764614 764614 OTHER 269726 170729 96833 2164 MEMBERSHIP AND SUBSCRIP 35304 10263 25041 TRANSLATION AND COMMUNI 32248 32248 12358 12358 18937649 14989017 3386522 562110 2744203 2687789 8532654 8850951 378586 116605 8414779 8602679 382807 205497 286949 271734 50953009 15481904 36510865 35471105 18229509 18801164 75480352 75007524 999703 934255 13536465 14101471 21861475 21866672 1256787 1226010 1647920 0 9560 13613 39311910 38142021 X 28072417 29165154 8096025 7700349 36168442 36865503 75480352 75007524 X 3205877 -2502969 -5847 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6243438 848860 -811972 55281 6225045 3638503 1216778 1439023 50866 6243438 1456487 2222168 -4162 35990 3638503 1330313 71417 72495 17738 1456487 1217123 8000 105190 1330313 0.88500 0.11500 0 0 4992413 4992413 42030150 12867784 29162366 1005513 464068 541445 2754088 2068051 686037 170845 82001 88844 35471105 OTHER LIABILITIES 13613 13613 X 16415412 -2502969 -2502969 18918381 3225145 3225145 22143526 15718351 0 15718351 3219298 3219298 18937649 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF TWO FUNDS ESTABLISHED TO FURTHER THE MISSION AND VISION OF THE SCHOOL. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW THE BOARD OF TRUSTEES HAS INTERPRETED CALIFORNIA'S ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT ABSENT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENT ENDOWMENT (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (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 AS PERMANENT ENDOWMENT IS CLASSIFIED AS EXPENDABLE NET ASSETS WITH RESTRICTIONS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE SCHOOL CONSIDERS 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 AN INVESTMENT AND SPENDING POLICY FOR ENDOWMENT ASSETS THAT ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING 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 DONOR SPECIFIED PERIODS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE SCHOOL HAS AN OBJECTIVE TO EARN SUFFICIENT RETURNS SUCH THAT A DISTRIBUTION EACH YEAR OF UP TO 4.75% OF THE ROLLING FIVE-YEAR AVERAGE OF THE MARKET VALUE OF THE ENDOWMENT FUND CAN BE APPROPRIATED. OVER THE LONG-TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ACHIEVE ITS OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. 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 INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THE SCHOOL IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. 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 POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT IT MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR UNKNOWN INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. HOWEVER, THERE ARE NO EXAMINATIONS IN PROGRESS NOR ARE THERE ANY PENDING. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST REVENUE ON AUDITED FINAN 3,219,298. UBIT INCOME 5,847. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST REVENUE ON AUDITED FINANCIAL STATEMENTS 3,219,298. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE HTTPS://WWW.SFFRIENDSSCHOOL.ORG/QUAKER-EDUCATION/QUAKER-VALUES /DIVERSITY-MATTERS SCHEDULE E, PART I, LINE 6 SCHOOL RECEIVED $328,155 WHICH IS A PART OF THE GRANT FROM CITY AND COUNTY OF SAN FRANCISCO FOR HORIZONS PROGRAM. HORIZONS PROGRAM IS A TRANSFORMATIVE SUMMER PROGRAM FOR UNDERSERVED K-8 PUBLIC SCHOOL STUDENTS. 48 HOURS OF GIVING 255055 213976 41079 41079 255055 213976 41079 41079 41079 0 1 TUITION ASSISTANCE 118 3219298 REVENUE LESS DISCOUNT TUITION DISCOUNTS PART I, LINE 2: THE SCHOOL AWARDS TUITION ASSISTANCE DISCOUNTS TO 26% OF ITS STUDENT BODY. THESE ARE IN THE FORM OF TUITION DISCOUNTS. AWARD RECIPIENTS APPLY EACH YEAR AND ARE VETTED THROUGH A RIGOROUS SELECTION PROCESS THAT EVALUATES ELIGIBILITY BASED ON CRITERIA ESTABLISHED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, ALL APPLICANTS MUST SUPPLY TAX DOCUMENTATION AND HOUSEHOLD EXPENDITURE SCHEDULES AS PART OF THE APPLICATION PROCESS. APPLICANTS ARE AWARDED TUITION ASSISTANCE IN THE CONTEXT OF THEIR ELIGIBILITY WITHIN THE PARAMETERS OF THE CRITERIA MENTIONED ABOVE AND WITHIN THE SCOPE OF THE SCHOOL'S BUDGET ALLOCATION FOR THE YEAR. ALL RECIPIENTS RECEIVE AWARD LETTERS AND SIGN CONTRACTS ACKNOWLEDGING THE AWARDS. THESE CONTRACTS ARE KEPT ON FILE IN THE SCHOOL'S BUSINESS OFFICE. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HANAS HEAD OF SCHOOL 535663 0 0 0 0 0 19535 0 0 0 555198 0 0 0 KATHERINE PLOUGH DIRECTOR OF FINANCE 250364 0 0 0 0 0 15150 0 833 0 266347 0 0 0 JENNIFER ARNEST HEAD OF LOWER SCHOOL 184991 0 0 0 0 0 11124 0 10102 0 206217 0 0 0 TRACIE MASTRONICOLA ACADEMIC DEAN 180729 0 0 0 0 0 11490 0 8272 0 200491 0 0 0 CLARKE WEATHERSPOON HEAD OF MIDDLE SCHOOL 159841 0 0 0 0 0 9987 0 7451 0 177279 0 0 0 GUYBE SLANGEN DIRECTOR OF COMMUNITY ENGA 137090 0 0 0 0 0 8260 0 7451 0 152801 0 0 0 RYAN GALLAGHER DIRECTOR OF TECHNOLOGY 133167 0 0 0 0 0 8108 0 9872 0 151147 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $2,000 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES A HOUSING ALLOWANCE ANNUALLY OF $213,390. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 201563466 NONEAVAIL 2012-12-17 27188375 TO REFINANCE PRIOR BOND AND SETTLE INTEREST RATE SWAP LIABILITY 0 0 0 A 27188375 266375 26922000 2012 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN 2012. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN REFINANCING THE PRIOR BOND AND SETTLING THE INTEREST RATE SWAP LIABILITY. CHARLES BELLO TRUSTEE 20620 TUITION ASSISTANCE YVONNE NEIRA-PEREZ TRUSTEE 32085 TUITION ASSISTANCE X 12 53603 FMV X PPP LOAN FORGIVENESS 1 1647920 FMV X KN95/KN94 FACIAL MASKS 1 10197 FMV 0 1 0 FORM 990, PART III, LINE 3 WE STARTED TO OFFER EXTENDED DAY PROGRAM AGAIN AFTER COVID-19 RESTRICTIONS WERE LIFTED FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY MANAGEMENT IN CONJUNCTION WITH A LICENSED CPA FIRM AND IS REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE BEFORE IT IS FILED. THE FINANCE COMMITTEE REPORTS TO THE BOARD THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED AND THAT A COPY IS AVAILABLE FROM THE DIRECTOR OF FINANCE FOR ANYONE WHO WISHES TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR THE SCHOOL DISTRIBUTES DISCLOSURE FORMS TO ITS BOARD OF TRUSTEES AND KEY EMPLOYEES. THE FORM ASKS WHETHER ANY OF THESE INDIVIDUALS HAS A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OTHER TRUSTEE OR KEY EMPLOYEE. THE INDIVIDUAL AFFIRMS YES OR NO TO THE QUESTION. IF THE REPLY IS YES, THEN THE INDIVIDUAL REPORT WITH WHOM HE/SHE HAS SUCH RELATIONSHIP, AND WHETHER IT IS BUSINESS OR FAMILY. IF QUESTIONABLE RELATIONSHIPS ARE DISCLOSED EITHER DURING THE DISCLOSURE FORM PROCESS OR AT ANY OTHER TIME, THE MATTER IS TO BE TAKEN UP BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ORDER TO DETERMINE IF OR HOW THE RELATIONSHIP MAY COMPROMISE THE INTEGRITY OF THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL (THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL) IS BEGUN BY KEY MEMBERS OF THE BOARD OF TRUSTEES SEVERAL MONTH PRIOR TO THE EXPIRATION OF THE HEAD OF SCHOOL'S CONTRACT. THE BOARD MEMBERS WILL SOLICIT DATA FROM THE SCHOOL'S DIRECTOR OF FINANCE. THE DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH MANAGES THE LARGEST AND MOST UP-TO-DATE DATABASE ON PRIVATE SCHOOL COMPENSATION FOR HEADS OF SCHOOL. THIS DATA IS LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. THESE DATA AND THE SCHOOL'S RECOMENDATION FOR A COMPENSATION PACKAGE ARE REVIEWED AND VERIFIED INDEPENDENTLY BY A COMPENSATION CONSULTANT HIRED BY THE SCHOOL TO LOOK AT THE HEAD'S TOTAL COMPENSATION PACKAGE COMPARED TO OTHER INDEPENDENT SCHOOLS WITH WHOM THE CONSULTANT HAS WORKED, AND WHO, MOST RECENTLY, DELIVERS A REPORT TO THE BOARD OF TRUSTEES SHOWING STATISTICAL INDICATORS RELATING TO COMPENSATION FOR SCHOOL HEADS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL'S OTHER KEY EMPLOYEES (DIRECTOR OF FINANCE AND DIRECTOR OF DEVELOPMENT) IS INITITATED AND COMPLETED ANNUALLY BY THE HEAD OF SCHOOL, WHO REVIEWS NATIONAL, REGIONAL AND LOCAL DATA FOR SIMILAR POSITIONS IN SIMILAR SCHOOLS (INDEPENDENT ELEMENTARY SCHOOLS, ENROLLMENTS APPROXIMATELY 300-500). THIS DATA IS PROVIDED TO THE SCHOOL BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND THE INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION OF CALIFORNA, ALL OF WHICH COLLECT THIS DATA ANNUALLY. THE HEAD OF SCHOOL DETERMINES THE KEY EMPLOYEES' COMPENSATION BASED ON COMPARING THESE DATA, THE KEY EMPLOYEE'S LEVEL OF EXPERIENCE, AND PRIOR PERFORMANCE IN THE JOB. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. THE SCHOOL'S FORM 990 IS POSTED INDEPENDENTLY ON WWW.GUIDESTAR.ORG. THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS DISTRIBUTED ANNUALY TO ALL BOARD MEMBERS AND KEY EMPLOYEES, AND THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS PUBLISHED IN THE SCHOOL'S PERSONNEL MANUAL. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS INCOME -5,847. FORM 990, PART XII, LINE 2 (C) THERE IS NO CHANGE IN THE PROCESS FROM PRIOR YEARS. FORM 990, PART V, LINE 14 (B) THIS ORGANIZATION DOES NOT OFFER OR PROVIDE TANNING SERVICES.