2023-05-09T15:03:41-05:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 941218745 ROBERT LOUIS STEVENSON SCHOOL ROBE 8316258300 3152 FOREST LAKE ROAD PEBBLE BEACH CA 93953 EDWARD DIYANNI CFO 8316258300 2023-05-02 1 EDWARD DIYANNI 999009999 KATY BROWN P00650274 9257902600 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EDWARD DIYANNI 3152 FOREST LAKE ROAD PEBBLE BEACH CA 93953 78788634 0 X WWW.STEVENSONSCHOOL.ORG X 1952 CA STEVENSON IS AN INDEPENDENT, CO-EDUCATIONAL, NONDENOMINATIONAL PRE-K TO 12 (CONTINUE ON SCH 0)BOARDING & DAY SCHOOL COMMITTED TO THREE AIMS:1. TO PREPARE STUDENTS FOR SUCCESS IN SCHOOL AND LIFE BEYOND SCHOOL;2. TO FOSTER THEIR PASSION FOR LEARNING AND ACHIEVEMENT;3. TO HELP THEM SHAPE A JOYFUL LIFE 19 19 264 200 13184 11180 8336911 18076154 26956944 38185709 5007441 2351268 1274336 54606 41575632 58667737 6700744 7661161 0 0 17454607 22196641 0 0 1740384 9322426 14302005 33477777 44159807 8097855 14507930 141974107 152901539 38531874 41769340 103442233 111132199 BOARDING & DAY SCHOOL COMMITTED TO THREE AIMS:1. TO PREPARE STUDENTS FOR SUCCESS IN COLLEGE AND LIFE BEYOND SCHOOL;2. TO FOSTER THEIR PASSION FOR LEARNING AND ACHIEVEMENT;3. TO HELP THEM SHAPE A JOYFUL LIFE. 0 0 32060165 7661161 38185709 STEVENSON SCHOOL IS A PRIVATE PRE-K THROUGH 12 BOARDING SCHOOL LOCATED TWO CAMPUSES ON THE MONTEREY PENINSULA. FOR THE FISCAL YEAR 2022, THE SCHOOL SERVED 790 STUDENTS AND GRADUATED 137 STUDENTS IN THE CLASS OF 2022. 32060165 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 81 0 1 264 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X EDWARD F DIYANNI CFO 8316258300 3152 FOREST LAKE PEBBLE BEACH CA 93953 DAVID D COLBURN BOARD CHAIR 1.00 X X 0 0 0 THOMAS F MORAN VICE BOARD CHAIR 1.00 X X 0 0 0 CYNTHIA B CHAPMAN SECRETARY 1.00 X X 0 0 0 DAVID S ROSEN TREASURER 1.00 X X 0 0 0 MADELEINE DEININGER TRUSTEE 1.00 X 0 0 0 RON JOHNSON TRUSTEE 1.00 X 0 0 0 MARK R HORNBERGER TRUSTEE 1.00 X 0 0 0 DR MICHAEL L JACKSON TRUSTEE 1.00 X 0 0 0 JENNIFER KIRK TRUSTEE 1.00 X 0 0 0 VINCENT WH MA TRUSTEE 1.00 X 0 0 0 STEVEN A MERKSAMER TRUSTEE 1.00 X 0 0 0 PETER NIELSEN TRUSTEE 1.00 X 0 0 0 STEVEN PACKER TRUSTEE 1.00 X 0 0 0 STEVEN C ZAHM TRUSTEE 1.00 X 0 0 0 TOM ORRADRE TRUSTEE 1.00 X 0 0 0 DR SUSAN SWICK TRUSTEE 1.00 X 0 0 0 COURTNEY SLAUTTERBACK TRUSTEE 1.00 X 0 0 0 JON IWATA TRUSTEE 1.00 X 0 0 0 WILLIAM PEROCHI TRUSTEE 1.00 X 0 0 0 DR KEVIN M HICKS PRESIDENT 40.00 X 540162 0 150001 EDWARD DIYANNI CFO 40.00 X 294705 0 100810 MOLLY BUNNELL-BOZZO HEAD OF LOWER-MIDDLE 40.00 X 195081 0 106658 NATHAN GAULT CHIEF INFORMATION OFFICER 40.00 X 193090 0 68785 DANIEL GRIFFITHS HEAD OF UPPER DIVISION 40.00 X 180820 0 142749 AMY ELMORE DIR OF ADVANCEMENT 40.00 X 173264 0 163050 ERIK OLSEN DEAN OF STUDENTS 40.00 X 155864 0 117416 ALLYN WENZEL DIRECTOR OF TECH 40.00 X 142674 0 21546 EMILY TOOPS DIRECTOR OF DATA OPERATIONS 40.00 X 127870 0 14855 WENDELYN HOLTZEN DIRECTOR OF HUMAN RESOURCES 40.00 X 123815 0 27135 MATTHEW SCLAFANI CONTROLLER 40.00 X 120912 0 32975 2248257 0 945980 22 0 1 0 ME SOUZA CONSTRUCTION INC PO BOX 1882 MONTEREY CA 93942 CONSTRUCTION 1471069 FLIK INDEPENDENT SCHOOL DINING COMPASS GROUP USA PO BOX 50196 LOS ANGELES CA 90074 DINING SERVICES 1160756 AVILA BROTHERS 12 THOMAS OWENS WAY STE 200 MONTEREY CA 93940 CONSTRUCTION 326934 AMS NET INC 502 COMMERCIAL WAY LIVERMORE CA 94551 TECHNOLOGY 152378 FENTON & KELLER PO BOX 791 MONTEREY CA 93942 LEGAL SERVICES 129109 5 18076154 295685 18076154 TUITION, ROOM, & BOARD 611110 37901709 37901709 OTHER PROGRAM REVENUES 611110 284000 284000 38185709 2223151 13184 2209967 20207550 20079433 128117 128117 128117 34878 41464 -6586 -6586 CONCESSIONS 900099 61192 61192 61192 58667737 38185709 13184 2392690 7661161 7661161 2724511 261818 1873582 589111 13440806 8415869 4498106 526831 1252110 935718 307961 8431 3703818 2799079 904739 1075396 603511 405661 66224 154685 154685 517512 517512 555124 56222 316931 181971 746269 549629 178761 17879 2527190 2336343 165574 25273 410973 379937 26926 4110 3389541 3133573 222073 33895 854033 789539 55954 8540 FOOD SERVICES 2257194 2086737 147885 22572 INSTRUCTIONAL 1937998 1863016 74982 OTHER OPERATING 635197 11636 379800 243761 TRAINING/ENRICHMENT 244094 125910 106398 11786 72195 50467 21728 44159807 32060165 10359258 1740384 811048 1933653 7101199 10234769 1492926 10634796 316408 424844 296046 718529 119727298 51135575 67086449 68591723 48281842 42119117 15118275 16774194 1469914 1469914 141974107 152901539 1135098 1871499 6192446 10142646 28329141 28321887 700000 2175189 1433308 38531874 41769340 X 70878603 66474070 32563630 44658129 103442233 111132199 141974107 152901539 14507930 -6817964 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113610 X X 0 28363501 3472922 -2279834 785732 28770857 20653991 1373092 7050728 714310 28363501 20151239 1416037 118756 1032041 20653991 19549757 330265 923205 651988 20151239 24251480 248548 1870903 732728 25638203 0.71650 0.28350 0 0 6638792 6638792 89022219 36354630 52667589 8256031 4981625 3274406 8899861 6760711 2139150 6910395 3038609 3871786 68591723 REAL ESTATE INVESTMENT TRUSTS 884795 C REAL ESTATE HELD FOR INVESTMENT 3880692 F INVEST. MEASURED AT NET ASSET VALUE 11485012 F SPLIT INTEREST AGREEMENTS 523695 F 16774194 REFUNDABLE DEPOSITS 1102961 AGENCY FUNDS 143290 DEFERRED COMPENSATION 187057 1433308 X 44033927 -6817964 -6817964 50851891 154685 7661161 7815846 58667737 36343961 0 36343961 154685 7661161 7815846 44159807 PART III, LINE 4: THE ART AND RARE BOOK COLLECTION IS USED FOR DECORATION IN KEY BUILDINGS AROUND CAMPUS AND TO FURTHER STUDENTS AND THE COMMUNITY'S KNOWLEDGE AND APPRECIATION OF THE CULTURE, HISTORY, AND TRADITIONS OF THE SCHOOL, IT'S NAMESAKE, AND THE GEOGRAPHIC AREA IN WHICH IT IS LOCATED. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING FINANCIAL AID, FACULTY ENRICHMENT, AND GENERAL OPERATIONS. THE SCHOOL'S ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (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. PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL 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 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,661,161. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,661,161. 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 PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON THE SCHOOL'S WEBSITE IN ACCORDANCE WITH THE REQUIREMENTS INCLUDED IN REVENUE RULING 2019-22. 1 FINANCIAL AID 293 7661161 FMV DIRECT CREDIT TO STUDENTS ACCOUNT PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE SCHOOL IN ACCORDANCE WITH THE FOLLOWING PROCEDURE. APPLICANTS COMPLETE A FINANCIAL AID FORM PREPARED BY SCHOOL AND STUDENT SERVICES OF NAIS("SSS"). THE FORM IS THEN SUBMITTED TO SSS AND SSS THEN MAKES A RECOMMENDATION TO THE SCHOOL REGARDING THE AMOUNT OF FINANCIAL AID RECOMMENDED FOR EACH APPLICANT. FINANCIAL AID AT THE SCHOOL IS AWARDED BASED ON A FAMILY'S DEMONSTRATED FINANCIAL NEED. A STUDENT SHOULD NEVER BE AWARDED AID IN EXCESS OF HIS/HER NEED, AS ASSESSED BY THE FINANCIAL AID COMMITTEE AFTER UTILIZING ALL AVAILABLE INFORMATION. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 DR KEVIN M HICKS PRESIDENT 515162 0 25000 0 0 0 35450 0 114551 0 690163 0 0 0 EDWARD DIYANNI CFO 294705 0 0 0 0 0 21593 0 79217 0 395515 0 0 0 AMY ELMORE DIR OF ADVANCEMENT 173264 0 0 0 0 0 10170 0 152880 0 336314 0 0 0 DANIEL GRIFFITHS HEAD OF UPPER DIVISION 180820 0 0 0 0 0 10714 0 132035 0 323569 0 0 0 MOLLY BUNNELL-BOZZO HEAD OF LOWER-MIDDLE 195081 0 0 0 0 0 10714 0 95944 0 301739 0 0 0 ERIK OLSEN DEAN OF STUDENTS 155864 0 0 0 0 0 8937 0 108479 0 273280 0 0 0 NATHAN GAULT CHIEF INFORMATION OFFICER 193090 0 0 0 0 0 10455 0 58330 0 261875 0 0 0 ALLYN WENZEL DIRECTOR OF TECH 142674 0 0 0 0 0 8333 0 13213 0 164220 0 0 0 MATTHEW SCLAFANI CONTROLLER 120912 0 0 0 0 0 7018 0 25957 0 153887 0 0 0 WENDELYN HOLTZEN DIRECTOR OF HUMAN RESOURCES 123815 0 0 0 0 0 7244 0 19891 0 150950 0 0 0 PART I, LINE 1A THE VALUE OF THE HOUSING IS EXCLUDED UNDER SECTION 119(D) AND INCLUDED IN THE REPORTING OF NON-TAXABLE BENEFITS FOR THE FOLLOWING MEMBERS: KEVIN HICKS $67,000 MOLLY BUNNELL BOZZO $56,000 DANIEL GRIFFITHS $59,000 AMY ELMORE $60,000 ERIK OLSON $55,000 PART I, LINE 7 KEVIN HICKS RECEIVED A DISCRETIONARY TAXABLE BONUS OF $25,000. A CA ENTERPRISE DEVELOP AUTHORITY 352273601 2016-09-22 14250000 CURR REFUNDING ISSUE 2001,2011 0 0 0 B CA ENTERPRISE DEVELOP AUTHORITY 352273601 2016-09-22 14250000 CURR REFUNDING ISSUE 2001,2011 0 0 0 A 89057 14250000 100000 14150000 2001 1 0 1 1 B 89056 14250000 100000 14150000 2001 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 GK BAUM 7.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 GK BAUM 7.000000000000 0 0 0 0 1 A 1 B 1 CORNELIA HOLDEN FAMILY MEMBER OF KEVIN HICKS 66400 EMPLOYMENT 0 X 14 295684 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY PROFESSIONAL, INDEPENDENT ACCOUNTANTS. THE BOARD OF TRUSTEES DELEGATED THE REVIEW OF FORM 990 TO THE AUDIT COMMITTEE, MEMBERS OF WHICH HAVE PRACTICAL AND/OR PROFESSIONAL EXPERTISE IN NONPROFIT MANAGEMENT, ACCOUNTING, AND FEDERAL TAX LAW GOVERNING EXEMPT ORGANIZATIONS. THIS COMMITTEE REVIEWED THE FORM 990 PREPARED BY THE ORGANIZATION'S PROFESSIONAL, INDEPENDENT ACCOUNTANTS. PRIOR TO THE ORGANIZATION SUBMITTING FORM 990 TO THE IRS, THE COMMITTEE REPORTED TO THE BOARD OF TRUSTEES THAT THE COMMITTEE HAD, TO THE BEST OF ITS ABILITY, DETERMINED THAT THE FORM 990 WAS COMPLETE, ACCURATE, AND CORRECT, AND A COPY OF THE RETURN WAS PROVIDED FOR EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE AMENDED AND RESTATED BYLAWS OF THE CORPORATION (APPROVED 10/10/2008) AT ARTICLE IX, SECTION 4 PROVIDE: "NO TRUSTEE OF THIS CORPORATION NOR ANY OTHER CORPORATION, FIRM, ASSOCIATION, OR OTHER ENTITY IN WHICH ONE OR MORE OF THIS CORPORATION'S TRUSTEES ARE DIRECTORS, OFFICERS OR HAVE A MATERIAL FINANCIAL INTEREST, SHALL BE INTERESTED, DIRECTLY OR INDIRECTLY, IN ANY CONTRACT OR TRANSACTION WITH THIS CORPORATION, UNLESS (A) THE MATERIAL FACTS REGARDING THAT TRUSTEE'S FINANCIAL INTEREST IN SUCH CONTRACT OR TRANSACTION OR REGARDING SUCH COMMON DIRECTOR RELATIONSHIP OR OFFICER RELATIONSHIP ARE FULLY DISCLOSED IN GOOD FAITH AND NOTED IN THE MINUTES, OR ARE KNOWN TO ALL MEMBERS OF THE BOARD PRIOR TO THE BOARD'S CONSIDERATION OF SUCH CONTRACT OR TRANSACTION; (B) SUCH CONTRACT OR TRANSACTION IS AUTHORIZED IN GOOD FAITH BY A MAJORITY OF THE BOARD BY A VOTE SUFFICIENT FOR THAT PURPOSE WITHOUT COUNTING THE VOTES OF THE INTERESTED TRUSTEES; (C) BEFORE AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERS AND IN GOOD FAITH DECIDES AFTER REASONABLE INVESTIGATION THAT THE CORPORATION COULD NOT OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES; AND (D) THE CORPORATION FOR ITS OWN BENEFIT ENTERS INTO THE TRANSACTION, WHICH IS FAIR AND REASONABLE TO THE CORPORATION AT THE TIME THE TRANSACTION IS ENTERED INTO." EACH OF THE REQUIREMENTS RELATED TO BOARD DISCLOSURE, AUTHORIZATION, INVESTIGATION AND BENEFIT ANALYSIS AS DESCRIBED IN THE FOREGOING BYLAW PROVISION ARE COMPLIED WITH IN ALL INSTANCES REGARDING CONFLICTS OF INTEREST AND PERMANENTLY NOTED IN THE MINUTES OF THE BOARD OF TRUSTEES. THE BUSINESS OFFICE MONITORS KEY PRINCIPALS AND PERSONNEL INVOLVED IN ALL CONTRACTS AND TRANSACTIONS ENTERED INTO BY THE SCHOOL. ANY SITUATIONS WHICH ARE OR MIGHT BE CONSIDERED A CONFLICT OF INTEREST ARE BROUGHT TO THE ATTENTION OF THE SCHOOL PRESIDENT, BOARD CHAIRMAN AND GENERAL COUNSEL FOR APPROPRIATE CONSIDERATION, DISPOSITION, DISCLOSURE AND APPROVAL IN ACCORDANCE WITH THE SCHOOL'S POLICIES AND PROCEDURES. EFFECTIVE FEBRUARY 18, 2011, THE BOARD OF TRUSTEES OF THE SCHOOL APPROVED A RESOLUTION PROHIBITING THE SCHOOL FROM ENTERING INTO ANY NEW TRANSACTIONS WITH TRUSTEES WHEN SERVING IN OFFICE (AND CONCLUDING EXISTING TRANSACTIONS WITH TRUSTEES PRIOR TO 6-30-11) IN WHICH A TRUSTEE HOLDS ANY MATERIAL FINANCIAL INTEREST EXCEPT FOR COMPENSATION CONTRACTS AND TRANSACTIONS IN THE ORDINARY COURSE OF BUSINESS WITH EMPLOYEES OF THE SCHOOL WHO ARE ALSO TRUSTEES, CONTRACTS AND TRANSACTIONS IN WHICH SERVICES ARE PROVIDED TO THE SCHOOL WITHOUT ANY FEE PAID OR ECONOMIC BENEFIT PROVIDED IN RETURN AND PURCHASE AND LEASE AGREEMENTS FOR GOODS OR PROPERTY PROVIDED TO THE SCHOOL AT OR BELOW FAIR MARKET VALUE. FORM 990, PART VI, SECTION B, LINE 15 15A: THE COMPENSATION OF THE SCHOOL'S PRESIDENT IS REVIEWED ANNUALLY BY THE BOARD'S COMPENSATION COMMITTEE MADE UP OF INDEPENDENT MEMBERS AND SUBMITTED TO THE BOARD OF TRUSTEES FOR APPROVAL. IN THIS REGARD, THE COMMITTEE REVIEWS THE SCHOOL'S PERFORMANCE IN KEY OPERATING AREAS AGAINST ESTABLISHED GOALS AND OBJECTIVES AND DISCUSSES THE RESULTS WITH THE SCHOOL'S CHIEF FINANCIAL OFFICER. IN ADDITION, THE COMMITTEE RECEIVES A "SAFE HARBOR LETTER" FROM AN INDEPENDENT AND HIGHLY REGARDED COMPENSATION EXPERT WHOSE DATABASE OF INFORMATION INCLUDES APPLICABLE COMPARABILITY DATA FOR OTHER PEER SCHOOLS. THE COMMITTEE ANALYZES AND DISCUSSES THIS DATA AS WELL AS THE SCHOOL'S OPERATING PERFORMANCE, DOCUMENTS THEIR CONCLUSIONS AND MAKES A RECOMMENDATION TO THE FULL BOARD AS TO THE PROPER LEVEL OF COMPENSATION FOR THE PRESIDENT. 15B: COMPENSATION OF THE SCHOOL'S OTHER KEY EMPLOYEES (E.G. CHIEF FINANCIAL OFFICER, DIRECTOR OF ADVANCEMENT, DIRECTOR OF ADMISSION, HEADS UP UPPER AND MIDDLE AND LOWER DIVISIONS) IS DETERMINED BY THE SCHOOL PRESIDENT. IN MAKING HIS DECISION ON COMPENSATION, THE PRESIDENT UTILIZES BENCHMARK COMPENSATION DATA RECEIVED FROM INDEPENDENT ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, ETC. THIS INFORMATION HELPS HIM DETERMINE THE REASONABLENESS OF SALARY INCREASE RECOMMENDATIONS FOR THIS GROUP OF EMPLOYEES. LASTLY, HE THEN REVIEWS EACH EMPLOYEES PERFORMANCE AND MAKES A FINAL DETERMINATION. THE PRESIDENT ALSO REVIEWS COMPENSATION DATA FOR KEY SCHOOL EMPLOYEES WITH THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE ALSO REVIEWS THIS DATA INDEPENDENTLY TO ENSURE THE FAIRNESS AND REASONABLENESS OF THE SCHOOL PRESIDENT'S SALARY INCREASE RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.