2023-07-14T12:57:57-05:00 2022-08-31 946214841 ARMANINO LLP 50 W SAN FERNANDO ST STE 500 SAN JOSE CA 95113 990 2021-09-01 770451623 ALMADEN COUNTRY DAY SCHOOL ALMA 4089970424 6835 TRINIDAD DRIVE SAN JOSE CA 95120 RONALD SIPOREN CFO 4089970424 2023-07-14 1 RONALD SIPOREN 999009999 MATTHEW PETROSKI P00853132 4082006400 2023-07-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RONALD SIPOREN 6835 TRINIDAD DRIVE SAN JOSE CA 95120 14290631 0 X WWW.ALMADENCOUNTRYDAYSCHOOL.ORG X 1982 CA TO PROVIDE A GIFTED EDUCATION FOR EVERY CHILD, PRE-SCHOOL THROUGH JUNIOR HIGH. 13 13 103 216 0 0 3795745 895434 10769984 12832861 -128428 54440 1674 51949 14438975 13834684 1094502 783288 0 0 7937547 8910220 0 0 267113 3454230 4129656 12486279 13823164 1952696 11520 30698458 40041842 23331511 31867767 7366947 8174075 THE MISSION OF ALMADEN COUNTRY DAY SCHOOL IS TO DISCOVER THE GIFTS IN EVERY CHILD BY PROVIDING A SAFE AND AFFIRMING ENVIRONMENT FOR LEARNING, EMPOWERING CHILDREN TO STRIVE, EXPLORE AND BUILD A SENSE OF PERSONAL VALUE. 0 0 11416461 783288 12832861 THE SCHOOL OFFERS A TRADITIONAL LIBERAL ARTS AND SCIENCES EDUCATION THAT INCLUDES RIGOROUS ACADEMICS, CONTINUITY OF CURRICULUM, BROAD ENRICHMENT PROGRAMS, AND FOCUS ON THE INDIVIDUAL. 393 STUDENTS ENROLLED IN FY 21-22. 11416461 1 1 0 0 0 0 0 0 0 0 1 1 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 0 0 1 0 1 0 0 0 0 0 0 0 0 1 29 0 1 103 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 1 1 1 0 CA X RONALD SIPOREN CFO 4089970424 6835 TRINIDAD DRIVE SAN JOSE CA 95120 GENE COOK BOARD CHAIR 2.00 X X 0 0 0 ROUVIERE DE WAAL PHD VICE CHAIR 1.00 X 0 0 0 THERESA REMAKER SECRETARY 1.00 X 0 0 0 JOSEPH BILLANTE FINANCE CHAIR 1.00 X 0 0 0 STEVE HUHN AUDIT CHAIR 1.00 X 0 0 0 CHANTAL ADAM TRUSTEE 1.00 X 0 0 0 BRAD BARON TRUSTEE 1.00 X 0 0 0 ADAM LAPONIS TRUSTEE 1.00 X 0 0 0 ZENA OLSEN TRUSTEE 1.00 X 0 0 0 ERIC SINDELAR TRUSTEE 1.00 X 0 0 0 JAY WALSTRUM TRUSTEE 1.00 X 0 0 0 DANNY WHITE TRUSTEE 1.00 X 0 0 0 STACY LYSIK TRUSTEE 1.00 X 0 0 0 KATIE LAKE TRUSTEE (THRU 06/22) 1.00 X 0 0 0 ZACHARY ROBERTS EDD TRUSTEE (THRU 08/22) 1.00 X 0 0 0 OLE JORGENSON HEAD OF SCHOOL 40.00 X 391720 0 82653 RONALD SIPOREN CFO 40.00 X 233853 0 9986 JENNIFER GLASSER ASSOCIATE HEAD OF SCHOOL 40.00 X 149998 0 6948 CECILIA ROBB HEAD OF THE LEARNING CENTE 40.00 X 133245 0 19279 JEREMY ADAMS HEAD OF MIDDLE SCHOOL 40.00 X 128090 0 11733 DEREK MCINTYRE ATHLETIC DIRECTOR 40.00 X 120856 0 13742 MARY JO HEINDEL DIRECTOR OF ADMISSIONS 40.00 X 103862 0 15321 1261624 0 159662 12 0 1 0 SWENSON & ASSOCIATES 581 DIVISION STREET SUITE A CAMPBELL CA 95008 CONSTRUCTION SERVICES 8971039 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 JANITORIAL SERVICE 414691 KIS 43160 OSGOOD ROAD FREMONT CA 94539 IT 271108 AFFORDABLE FACILITY SOLUTIONS 3800 NAVAREZ AVE SAN JOSE CA 95136 CONSTRUCTION SERVICES 243645 WALOVICH ARCHITECTS 5994 W LAS POSITAS BLVD SUITE 223 PLEASANTON CA 94588 CONSTRUCTION SERVICES 222158 8 85630 809804 56073 895434 TUITION & RELATED FEES 611110 12378430 12378430 EXTENDED CARE & SUMMER 611110 307809 307809 AFTER SCHOOL & SPORTS 611110 136705 136705 OTHER 611110 9917 9917 12832861 94797 94797 400 0 400 400 400 338880 28820 374548 33509 -35668 -4689 -40357 -40357 97047 85630 47890 49157 49157 MISC INCOME 611110 2392 2392 2392 13834684 12832861 0 106389 783288 783288 745361 37268 635750 72343 6221283 5393474 740793 87016 208810 196923 11887 1294597 1134749 159848 440169 406778 10650 22741 1924 1924 42375 42375 25067 25067 293942 142377 108240 43325 96848 2920 90446 3482 155297 40216 108775 6306 14481 14481 2058835 1977548 60699 20588 5736 5200 536 179115 179115 637920 612734 18807 6379 67613 67613 SCHOOL PROGRAMS 247403 247403 FURNITURE & EQUIPMENT 144391 106461 37930 SOFTWARE LICENSING FEES 122541 121141 1000 400 OTHER EXPENSE 35280 14185 17250 3845 888 200 688 13823164 11416461 2139590 267113 6328926 5073454 1162196 1358972 800704 486260 74290 6413216 150311 147110 24480792 1810320 18599599 22670472 3257450 2730667 324982 1161691 30698458 40041842 2477561 1939566 5409464 5656381 11115000 13037656 257064 219382 187441 163141 3884981 10851641 23331511 31867767 X 1622644 6565636 5744303 1608439 7366947 8174075 30698458 40041842 X 11520 -388453 310289 873772 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45761 45761 44600 1161 45761 44004 596 44600 22011446 1290823 20720623 718825 318568 400257 1750521 200929 1549592 22670472 MUTUAL FUNDS 1031524 F CORPORATE BONDS 1699143 F 2730667 DEFERRED RENT 2728267 DEFERRED COMPENSATION 201230 CAPITAL LEASE OBLIGATION 378352 PPP LOAN 1205000 CONTRACT LIABILITY 6338792 10851641 X 12734352 -388453 -686812 -1075265 13809617 25067 25067 13834684 12237513 0 12237513 25067 1560584 1585651 13823164 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTED OF FUNDS SET ASIDE FOR USE BY THE SCHOOL'S DRAMA DEPARTMENT. ITS ENDOWMENT INCLUDED ONLY DONOR-RESTRICTED ENDOWMENT FUNDS. DURING THE YEAR ENDED AUGUST 31, 2020, THESE FUNDS WERE RELEASED FROM ENDOWMENT RESTRICTION AND RECLASSIFIED AS RESTRICTED FOR THE SCHOOL'S CAPITAL CAMPAIGN PER THE ORIGINAL DONOR'S REQUEST. PART X, LINE 2: THE SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D). ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES. THE SCHOOL EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS, AND DISCUSSIONS WITH OUTSIDE EXPERTS. THE SCHOOL EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF AUGUST 31, 2022, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FACULTY DISCOUNT -777,296. TUITION ASSISTANCE -783,288. INTEREST RATE SWAP AGREEMENT 873,772. PART XII, LINE 4B - OTHER ADJUSTMENTS: FACULTY DISCOUNT 777,296. TUITION ASSISTANCE 783,288. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALMADEN COUNTRY DAY SCHOOL PROVIDES A NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS AT THE BOTTOM OF ITS WEBSITE LANDING PAGE AT ALL TIMES. AUCTION & SOIREE 176724 85630 91094 7428 11116 8070 7307 176724 85630 91094 7428 11116 8070 7307 33921 57173 1 TUITION ASSISTANCE 58 775293 FMV DIRECT CREDIT TO STUDENT ACCOUNTS SIBLING DISCOUNT 5 7995 FMV DIRECT CREDIT TO STUDENT ACCOUNTS PART I, LINE 2: TUITION ASSISTANCE - FAMILIES ARE REQUIRED TO SUBMIT AN APPLICATION TO A THIRD PARTY "FAST" WHO IN TURN SENDS THEIR RECOMMENDATIONS TO THE CFO. THE APPLICATION IS THEN SENT TO A FINANCIAL AID COMMITTEE AND A DECISION IS MADE ON HOW MUCH TO AWARD EACH FAMILY BASED UPON THE RECOMMENDATIONS OF FAST AND REQUIREMENTS OF EACH FAMILY. SIBLING DISCOUNT - UNTIL FISCAL 2013, THE SCHOOL OFFERED A SIBLING DISCOUNT TO FAMILIES WITH TWO OR MORE ENROLLED STUDENTS. THAT DISCOUNT WAS DISCONTINUED IN FISCAL 2014 AND GRAND-FATHERED ONLY FOR FAMILIES ENROLLED PRIOR TO 2014. X X 0 1 0 0 0 0 0 1 0 OLE JORGENSON HEAD OF SCHOOL 321120 0 3300 0 67300 0 49281 0 33372 0 474373 0 33330 0 RONALD SIPOREN CFO 228053 0 5800 0 0 0 9103 0 883 0 243839 0 0 0 JENNIFER GLASSER ASSOCIATE HEAD OF SCHOOL 147698 0 2300 0 0 0 6007 0 941 0 156946 0 0 0 CECILIA ROBB HEAD OF THE LEARNING CENTE 128445 0 4800 0 0 0 5286 0 13993 0 152524 0 0 0 PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN AND $37,681 WAS ACCRUED FOR CALENDAR YEAR 2021, BUT NOT VESTED. PART I, LINE 7 OLE JORGENSON, THE HEAD OF SCHOOL, RECEIVED TOTAL $67,300 OTHER TAXABLE COMPENSATION IN 2021 CALENDAR YEAR, INCLUDING $33,970 TAXABLE TUITION REIMBURSEMENT AND $33,330 VESTED 457(F) PLAN PAYOUT. THE ORGANIZATION PROVIDES BONUSES TO ALL LEVEL OF EMPLOYEES. THE BONUSES ARE DETERMINED BASED ON INDIVIDUAL'S PERFORMANCE AND SCHOOL'S OVERALL FINANCIAL PERFORMANCE AND HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS PRIOR TO GIVING. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2020-04-24 13049425 REFINANCE PRIOR DEBT 0 0 0 A 77344 13049425 1089354 9677 11950394 0 1 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 1 A 0 RICHARD AND NAN HUNTER FOUNDERS OF THE ORGANIZATION TO FINANCE THE SALE OF THE MORGAN HILL COUNTRY SCHOOL IN 2003 X 608575 219382 0 1 1 219382 TANYA JORGENSON RELATED TO THE HOS 46892 EMPLOYMENT 0 X 7 56073 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE AMOUNT OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT CPA AND REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THE BOARD OF DIRECTORS TO REVIEW AND SIGN THE CONFLICT OF INTEREST AND CONFIDENTIALITY STATEMENT AND DISCLOSE IF ANY EXISTENCE OF CONFLICT OF INTERESTS PERIODICALLY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL HAS AN INDEPENDENT EMPLOYMENT CONTRACT WHICH SETS THE SALARY EXPECTATION. THE EXECUTIVE COMMITTEE WILL REVIEW THE BASE SALARY AND MAY ADJUST IT UPWARD AS APPROPRIATE BASED ON ANNUAL EVALUATIONS. THE EXECUTIVE COMMITTEE HAS AGREED THAT THE BASE SALARY FOR ANY YEAR OF THE TERM SHALL NOT BE LESS THAN THE MEDIAN FOR HEADS OF SCHOOLS IN THE MOST RECENT NORCAL ISBOA SURVEY. REGARDING THE CFO'S COMPENSATION, AT THE TIME OF HIRING, THE COMPENSATION WAS DETERMINED BY USING THE PREVIOUS CFO'S SALARY AS A STARTING POINT. THE SECOND STEP WAS TO BENCHMARK THE POSITION AGAINST AN INDUSTRY SALARY REPORT AND THE COMPENSATION IS TYPICALLY LANDED IN THE 50-75% RANGE. THE FINAL COMPENSATION IS APPROVED BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION DOCUMENTS ARE AVAILABLE THROUGH FOIA SOURCES AND ALSO AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 873,772.