2025-05-15T00:35:33-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 942570257 SAN FRANCISCO DAY SCHOOL SANF 4159312422 350 MASONIC AVENUE SAN FRANCISCO CA 94118 LUIS MARTINEZ CHIEF FINANCIAL OFFICER 4159312422 2025-05-14 1 1 KATY BROWN P00650274 9257902600 2025-05-14 2023 2025-03-06 01:10:19Z LUIS MARTINEZ 350 MASONIC AVENUE SAN FRANCISCO CA 94118 31816329 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. 19 19 167 225 0 0 5229646 3606299 18417608 19294461 1200075 1512240 -52009 139781 24795320 24552781 2706703 3068131 0 0 14177550 16056326 0 0 969905 7236726 8552394 24120979 27676851 674341 -3124070 98132800 96083288 27589390 25307793 70543410 70775495 SAN FRANCISCO DAY SCHOOL EDUCATES, NURTURES AND INSPIRES GIRLS AND BOYS OF DIVERSE BACKGROUNDS TO ACHIEVE THEIR HIGHEST ACADEMIC AND CREATIVE POTENTIAL, TO EMBRACE ETHICAL VALUES AND TO BECOME ACTIVE CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 22763194 3068131 19294461 ESTABLISHED IN 1981, SAN FRANCISCO DAY SCHOOL ENROLLED 422 K-8TH GRADE STUDENTS IN THE CURRENT YEAR. ESTABLISHED IN 1993, CURRENTLY THE BREAKTHROUGH PROGRAM AT SF DAY, SUPPORTS 252 STUDENTS ON THE PATH TO COLLEGE AND TRAINS 35 EDUCATORS YEARLY. 22763194 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 1 113 0 1 167 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 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 PRESIDENT 5.00 X X 0 0 0 YALE YEE TREASURER 5.00 X X 0 0 0 VISHAL TAYAL SECRETARY 5.00 X X 0 0 0 PRABIR ADARKAR TRUSTEE 5.00 X 0 0 0 ANU CAIRO TRUSTEE 5.00 X 0 0 0 FELICIA CHIU TRUSTEE 5.00 X 0 0 0 KERI DAVIDSON TRUSTEE 5.00 X 0 0 0 JULIE ELAM TRUSTEE 5.00 X 0 0 0 LINDA CHHAY GEBALLE TRUSTEE (THRU 02/24) 5.00 X 0 0 0 DON HOWARD TRUSTEE 5.00 X 0 0 0 SHILPA JAIN TRUSTEE 5.00 X 0 0 0 JEREMIAH LANE TRUSTEE 5.00 X 0 0 0 JESSICA MOMENT TRUSTEE 5.00 X 0 0 0 AARON MONEY TRUSTEE 5.00 X 0 0 0 AMIE NENNINGER TRUSTEE 5.00 X 0 0 0 DEAN RADER TRUSTEE 5.00 X 0 0 0 JILL ROBERTSON TRUSTEE 5.00 X 0 0 0 TOMONORI TANI TRUSTEE 5.00 X 0 0 0 ELI WEINBERG TRUSTEE 5.00 X 0 0 0 BRIAN WILLIAMSON TRUSTEE 5.00 X 0 0 0 RACHEAL ADRIKO HEAD OF SCHOOL 50.00 X 355259 0 37361 LUIS MARTINEZ CFO 50.00 X 222158 0 28744 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 50.00 X 219533 0 25809 KAILI HWANG HEAD OF LOWER SCHOOL 50.00 X 219171 0 24644 KRISTINA KRZYWONOS HEAD OF UPPER SCHOOL (THRU 11/23) 50.00 X 207277 0 26619 JOSEPHINE SAUNDERS DIR OF DEI 50.00 X 167336 0 28235 ROBERT RAMOS DIR OF HIGH SCHOOL PROGRAM 50.00 X 153218 0 12310 HOMA HANJANI DIR OF ADMISSION 50.00 X 151070 0 34060 STEVE ROBERTS PE TEACHER 50.00 X 160781 0 27164 ELEANOR COFFELT LOWER SCHOOL SCIENCE TEACHER 50.00 X 152565 0 23767 JASON TOGNETTI DIR OF UPPER SCHOOL ATHLETIC 50.00 X 147811 0 20461 REBECCA LEWIS KINDERGARTEN LEAD TEACHER 50.00 X 147774 0 24749 MEGAN BUTTERY GREEN LOWER SCHOOL MATH COORDINATOR 50.00 X 146889 0 26820 PETER MCCORMACK FORMER HEAD OF SCHOOL (THRU 6/23) 50.00 X 342666 0 42193 MICHAEL WALKER FORMER HEAD OF SCHOOL (THRU 07/22) 0.00 X 209582 0 0 3003090 0 382936 34 1 1 0 KNOWING TECHNOLOGIES 660 PRICE AVE SUITE C REDWOOD CITY CA 94063 TECH SERVICE 409056 BONANZA JANITORIAL SERVICE 1170 PLYMOUTH AVE SAN FRANCISCO CA 94112 JANITORIAL SERVICE 259500 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 BUILDING MAINTENANCE SERVICE 163383 VIKING PAINTING & REMODELING 29 WILMS AVE SOUTH SAN FRANCISCO CA 94080 PAINTING SERVICE 153525 HEATHER AND FRENCH PAINTING 51 DORMAN AVE SAN FRANCISCO CA 94124 PAINTING SERVICE 140520 7 335338 383613 2887348 162727 3606299 TUITION 611710 17385329 17385329 AUXILLARY SERVICES 611710 1905948 1905948 LIBRARY REVENUE 611710 3184 3184 19294461 1511338 1511338 212840 133784 79056 79056 79056 6988355 6987453 902 902 902 133072 335338 142311 -9239 -9239 MISC INCOME 900099 69964 69964 69964 24552781 19294461 0 1652021 3068131 3068131 2394499 1477969 583499 333031 11052216 8333761 2382883 335572 556824 430094 114717 12013 1107226 820218 241475 45533 945561 694042 206132 45387 145068 145068 109567 109567 36679 36679 158932 158932 1233923 1140585 93010 328 620534 620534 1320237 1281216 12649 26372 258263 251331 5474 1458 1695621 1650116 35158 10347 165036 160607 3497 932 SERVICE LEARNING 1363599 1363599 EMPLOYEE FOOD & ENTERTA 828723 828723 SUPPLIES & MATERIALS 339580 339580 PROFESSIONAL DEVELOPMEN 266009 266009 10623 10623 27676851 22763194 3943752 969905 6010602 4653375 289537 247323 1756401 1549464 10637288 12112358 129479 233119 45006923 12193097 32940997 32813826 46274716 44320704 93780 153119 98132800 96083288 1748192 2032135 14654236 16140588 11186962 7135070 27589390 25307793 X 35312474 36109969 35230936 34665526 70543410 70775495 98132800 96083288 -3124070 3356155 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31295435 2500 4174230 1577988 33894177 29711363 750 3051101 1467779 31295435 36333838 -5038415 -1584060 29711363 30089775 7711163 1467100 36333838 31674538 7100 1765004 3356867 30089775 0.00000 0.61940 0.38060 0 0 2435000 2023117 4458117 3487118 32425890 10234753 25678255 3978712 1958344 2020368 657086 657086 32813826 X 25115231 3356155 274426 3630581 21484650 3068131 3068131 24552781 24883146 274426 274426 24608720 3068131 3068131 27676851 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, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 133,784. FUNDRAISING EXPENSES 140,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,068,131. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 133,784. FUNDRAISING EXPENSES 140,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,068,131. 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 DAY FEST 468410 335338 133072 75242 43860 19775 3434 468410 335338 133072 75242 43860 19775 3434 142311 -9239 1 0 0 TUITION ASSISTANCE 91 3068131 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 1 0 0 0 0 0 0 0 0 RACHEAL ADRIKO HEAD OF SCHOOL 171659 0 0 0 183600 0 22751 0 14610 0 392620 0 0 0 PETER MCCORMACK FORMER HEAD OF SCHOOL (THRU 6/23) 342666 0 0 0 0 0 20424 0 21769 0 384859 0 0 0 LUIS MARTINEZ CFO 222158 0 0 0 0 0 15846 0 12898 0 250902 0 0 0 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 219533 0 0 0 0 0 15577 0 10232 0 245342 0 0 0 KAILI HWANG HEAD OF LOWER SCHOOL 219171 0 0 0 0 0 15556 0 9088 0 243815 0 0 0 KRISTINA KRZYWONOS HEAD OF UPPER SCHOOL (THRU 11/23) 161667 0 0 0 45610 0 14304 0 12315 0 233896 0 0 0 MICHAEL WALKER FORMER HEAD OF SCHOOL (THRU 07/22) 0 0 0 0 209582 0 0 0 0 0 209582 0 0 0 JOSEPHINE SAUNDERS DIR OF DEI 167336 0 0 0 0 0 12197 0 16038 0 195571 0 0 0 STEVE ROBERTS PE TEACHER 160781 0 0 0 0 0 12938 0 14226 0 187945 0 0 0 HOMA HANJANI DIR OF ADMISSION 151070 0 0 0 0 0 11520 0 22540 0 185130 0 0 0 ELEANOR COFFELT LOWER SCHOOL SCIENCE TEACHER 152565 0 0 0 0 0 12478 0 11289 0 176332 0 0 0 MEGAN BUTTERY GREEN LOWER SCHOOL MATH COORDINATOR 146889 0 0 0 0 0 10782 0 16038 0 173709 0 0 0 REBECCA LEWIS KINDERGARTEN LEAD TEACHER 147774 0 0 0 0 0 11618 0 13131 0 172523 0 0 0 JASON TOGNETTI DIR OF UPPER SCHOOL ATHLETIC 147811 0 0 0 0 0 10359 0 10102 0 168272 0 0 0 ROBERT RAMOS DIR OF HIGH SCHOOL PROGRAM 153218 0 0 0 0 0 0 0 12310 0 165528 0 0 0 PART I, LINE 1A SAN FRANCISCO DAY SCHOOL DOES NOT OWN A HOUSE FOR ITS HEAD OF SCHOOL, THUS RACHEAL ADRIKO RECEIVED A HOUSING ALLOWANCE AS PART OF THEIR COMPENSATION. IN CALENDAR YEAR 2023, THEIR HOUSING ALLOWANCE WAS $183,600. PART I, LINE 4A DURING THE 2023 CALENDAR YEAR, HEAD OF SCHOOL DR. MICHAEL WALKER AND HEAD OF UPPER SCHOOL KRISTINA KRZYWONOS RECEIVED SEVERANCE PAYMENTS OF $209,582 AND $45,610 RESPECTIVELY. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-10-09 20000000 FINANCING FACILITIES PROJECT 0 0 0 A 4167094 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 131502 DIRECT CREDIT TO STUDENT'S ACCOUNT FINANCIAL AID X 9 162727 PUBLICLY TRADED EXCHANGE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS RATHER THAN THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN 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 202890 6181507 SAN FRANCISCO DAY SCHOOL