2022-05-03T17:53:58-05:00 2021-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2020-07-01 942427286 ECOLE BILINGUE ECOL 5105493867 1009 HEINZ AVENUE BERKELEY CA 94710 SEBASTIEN ROBERT HEAD OF SCHOOL 5105493867 2022-05-03 1 SEBASTIEN ROBERT XXX-XX-XXXX ROGER BULOSAN P00221282 4154326200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ECOLE BILINGUE DE BERKELEY SEBASTIEN ROBERT 1009 HEINZ AVENUE BERKELEY CA 94710 15784936 0 X WWW.EB.ORG X 1977 CA ECOLE BILINGUE DBA ECOLE BILINGUE DE BERKELEY (THE SCHOOL), IS AN INDEPENDENT, NON-PROFIT ORGANIZATION OPERATING AS A CO-EDUCATIONAL PREPARATORY DAY SCHOOL WITH CLASSES FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE FOR APPROXIMATELY 400 STUDENTS. THE SCHOOL IS LOCATED IN BERKELEY, CALIFORNIA AND WAS INCORPORATED IN 1977. THE BOARD OF TRUSTEES SERVES AS AN OVERSIGHT AND POLICY MAKING BODY FOR THE SCHOOL.THE SCHOOL IS ORGANIZED AND OPERATED FOR THE PURPOSE OF PROVIDING EDUCATIONAL SERVICES. 19 19 105 100 0 0 642037 3130979 13659480 12394414 152839 167609 83483 66389 14537839 15759391 2072349 2029528 0 0 8779757 9108925 0 0 472234 2990191 3322424 13842297 14460877 695542 1298514 31445301 33006768 22844857 23107810 8600444 9898958 X OUR MISSION: ECOLE BILINGUE DE BERKELEY NURTURES CREATIVE, MULTILINGUAL LEARNERS, EQUIPPED TO CONFIDENTLY EMBRACE THE DELIGHTS AND CHALLENGES OF AN INTERCONNECTED WORLD.OUR VISION: WE ARE A FORCE FOR GOOD IN THE WORLD, PREPARING OUR GRADUATES TO POSITIVELY IMPACT THEIR DIVERSE COMMUNITIES, AND THE LOCAL AND INTERNATIONAL SPACES IN WHICH WE ALL BELONG.OUR VALUES: UNITY, REFLECTION, INTEGRITY, ZEAL, AND ENDEAVOR. 0 0 12005104 2029528 12460803 ECOLE BILINGUE DE BERKELEY IS A BILINGUAL SCHOOL (FRENCH-ENGLISH) SPANNING PRESCHOOL TO 8TH GRADE, INSPIRING A DIVERSE POPULATION OF APPROXIMATELY 400 STUDENTS TO STRIVE FOR ACADEMIC EXCELLENCE AND TO DEVELOP A HIGH SENSE OF PERSONAL AND SOCIAL RESPONSIBILITY. THE SCHOOL OFFERS A CHALLENGING AND RIGOROUS COURSE OF STUDY IN BOTH FRENCH AND ENGLISH, SET IN A MULTICULTURAL ENVIRONMENT. 12005104 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 105 0 0 1 FR 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 1 1 0 CA X ANTOINE PORTALES 5105493867 1009 HEINZ AVENUE BERKELEY CA 94710 PRIA HIDISYAN BOARD OF TRUSTEES CO-CHAIR 2.00 X X 0 0 0 NICK WAUGH TREASURER 2.00 X X 0 0 0 JEREMY BLED PA FRANCOPHONE PRESIDENT 2.00 X 0 0 0 MICHAEL PINCUS MEMBER AT LARGE 2.00 X 0 0 0 JEAN-PHILLIPPE KOUAKOU-ZEBOUAH TRUSTEE 2.00 X 0 0 0 MIHCELLE MEBINE FACULTY TRUSTEE 2.00 X 0 0 0 STEVE LEVINE TRUSTEE 2.00 X 0 0 0 RHONDA GOLDSTEIN PA ANGLOPHONE PRESIDENT 2.00 X 0 0 0 CHRISTINE BELIVEAU TRUSTEE 2.00 X 0 0 0 ANTOINE CARRIERE TRUSTEE 2.00 X 0 0 0 PASCAL HOFFMANN TRUSTEE 2.00 X 0 0 0 MARK WESTOVER BOARD OF TRUSTEES CO-CHAIR 2.00 X X 0 0 0 ELODIE VOLEAU FACULTY TRUSTEE 2.00 X 0 0 0 DAVID ABERNATHY TRUSTEE 2.00 X 0 0 0 ALEXANDRE BAYEN TRUSTEE 2.00 X 0 0 0 HANNAH STOTT-BUMSTED SECRETARY 2.00 X X 0 0 0 EMMA GIMON TRUSTEE 2.00 X 0 0 0 KRISTEN SIDELL TRUSTEE 2.00 X 0 0 0 ALEXANDRA ERMAN TRUSTEE 2.00 X 0 0 0 ANTOINE PORTALES DIRECTOR OF BUSINESS AND F 40.00 X 191896 0 31565 MEHDI LAZAR HEAD OF SCHOOL 40.00 X 274724 0 27016 MAER BEN-YISRAEL TECHNOLOGY DIRECTOR 40.00 X 118163 0 23265 SEBASTIEN ROBERT HEAD OF LOWER SCHOOL 40.00 X 121366 0 19077 RICHARD LYON HEAD OF MIDDLE SCHOOL 40.00 X 113509 0 16531 MEI-LIN HA DIR. OF ADVANCEMENT 40.00 X 103500 0 12364 923158 0 129818 6 0 1 0 KAISER PERMANENTE PO BOX 741562 LOS ANGELES CA 90074 HEALTHCARE PROVIDER 1138291 TIAA CREF PO BOX 105316 ALTANTA GA 30348 PENSION 820393 AL'S BUILDING MAINTENANCE 5691 SHADOW RIDGE DRIVE CASTRO VALLEY CA 94552 JANITORIAL SERVICES 288243 BPM LLP 2001 N MAIN ST STE 360 WALNUT CREEK CA 94596 ACCOUNTING SERVICES 128923 AETNA POBOX 31001-2486 PASADENA CA 91110 DENTAL 124798 5 10368 1557700 1562911 1557700 3130979 TUITION AND FEES 611710 12357470 12357470 SUMMER CAMP 611710 27356 27356 EXTENDED DAY CARE AND CAMPS 611710 6783 6783 AFTER SCHOOL AND ATHLETICS ACTIVI 611710 2805 2805 12394414 166955 166955 6623 442 6411 0 212 442 654 654 19134 10368 19134 0 MISCELLANEOUS INCOME 611710 66389 66389 66389 15759391 12460803 0 167609 2029528 2029528 525201 150870 329070 45261 5742174 5023596 479914 238664 554805 554805 1740198 1390901 301086 48211 546547 447368 74231 24948 453101 3175 401926 48000 91707 91707 12384 3793 3252 5339 377925 355250 18896 3779 434292 407943 21980 4369 645177 606466 32259 6452 119632 79521 37462 2649 OTHER EXPENSES 426490 302991 90068 33431 COVID 19 RELATED EXPENS 381476 375972 4587 917 EDUCATIONAL SUPPLIES AN 141298 141298 EQUIPMENT MAINTENANCE 106775 61267 40916 4592 132167 70360 56185 5622 14460877 12005104 1983539 472234 3295 3610 7871790 9194418 7033 7392 4986408 6164429 23082 13386 24526495 8121966 16595939 16404529 392907 496056 1564847 722948 31445301 33006768 1041490 1396689 8611838 10935712 9394073 9475122 9916 1787 2229840 1298500 1557700 0 22844857 23107810 X 7929868 9217470 670576 681488 8600444 9898958 31445301 33006768 1298514 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 392036 5188 94037 491261 385362 3355 3319 392036 372421 9271 3670 385362 333735 29107 9579 372421 305164 11251 17320 333735 1.00000 0 0 7231920 7231920 11380745 4364685 7016060 3053471 2686442 367029 2860359 1070839 1789520 16404529 X 13729863 0 13729863 2029528 2029528 15759391 12431349 0 12431349 2029528 2029528 14460877 PART IV, LINE 2B: THE SCHOOL HOLDS FUNDS FOR THE PARENTS' ASSOCIATION AND STUDENT COUNCIL. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSIST OF THREE FUNDS, THE ECOLE BILINGUE ENDOWMENT FUND (PREVIOUSLY KNOWN AS SILVER JUBILEE ENDOWMENT FUND), THE FUND FOR EXCELLENCE, AND THE CLASS GIFT ENDOWMENT FUND, ALL ESTABLISHED TO PROVIDE SUPPORT TO THE SCHOOL IN PERPETUITY. THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS ONLY. THE SCHOOL WILL BE ENTITLED TO RECEIVE A DISTRIBUTION OF 4% ABOVE THE INFLATION RATE OVER THE PREVIOUS 36 MONTH PERIOD PROVIDED THAT THE DISTRIBUTION IS GREATER THAN $10,000 PER YEAR AND DOES NOT INVADE PRINCIPAL. IF THE DISTRIBUTION IS LESS THAN $10,000, THE INVESTMENT INCOME WILL BE REINVESTED TO PRINCIPAL. THERE WERE NO DISTRIBUTIONS MADE FROM THE INCEPTION OF THE GIFT THROUGH THE YEAR ENDED JUNE 30, 2021. 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 OF THE SCHOOL 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 AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, 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, 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 IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS 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 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. THE SCHOOL EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO ACHIEVE A RATE OF RETURN BETTER THAN OR EQUAL TO A NET 4% OVER AND ABOVE THE RATE OF INFLATION, AS MEASURED BY THE CONSUMER PRICE INDEX OF THE AVERAGE MARKET VALUE OF THE FUND COMPUTED OVER THE MOST RECENT 36 MONTHS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. 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 EMPHASIS ON FIXED INCOME AND EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR AS DESCRIBED IN THE FIRST PARAGRAPH. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. THIS IS CONSISTENT WITH THE SCHOOL'S 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. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR UPMIFA REQUIRES THE SCHOOL RETAIN AS A FUND OF PERPETUAL DURATION. THE SCHOOL HAS A POLICY THAT PERMITS SPENDING FROM UNDERWATER ENDOWMENT FUNDS DEPENDING ON THE DEGREE TO WHICH THE FUND IS UNDERWATER, UNLESS OTHERWISE PRECLUDED BY DONOR INTENT OR RELEVANT LAWS AND REGULATIONS. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2021. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL 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 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: FINANCIAL AID NETTED AGAINST REVENUE ON AUDITED FINANCIAL STATEMENTS 2,029,528. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST REVENUE ON AUDITED FINANCIAL STATEMENTS 2,029,528. 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 POLICY STATED IN THE SCHOOL'S WEBSITE: HTTPS://WWW.EB.ORG/. THE POLICY IS ALSO PUBLISHED IN THE SCHOOL'S BROCHURES. SCHEDULE E, PART I, LINE 6 THE FRENCH GOVERNMENT GIVES FINANCIAL AID TO ITS CITIZENS. THE SCHOOL RECEIVES THE FUNDS AND APPLIES THEM TO THE ELIGIBLE STUDENTS AS DIRECTED BY THE FRENCH GOVERNMENT. X X X X X 1 CHAD CARVEY PRINCIPAL AUCTIONEER PO BOX 729 MILL VALLEY CA 94942 AUCTIONEER AT AUCTION EVENT 0 0 0 0 CA AUCTION 29502 19134 10368 29502 19134 10368 10368 1.00000 ADVANCEMENT OFFICE 1009 HEINZ AVENUE BERKELEY CA 94710 1 FINANCIAL AID FOR VARIOUS INDIVIDUALS 175 2029528 FINANCIAL AID AND TUITION REMISSION PART I, LINE 2: THE SCHOOL APPLIES FINANCIAL AID AND TUITION REMISSION TO STUDENTS' TUITION BILLINGS AND IT IS USED SOLELY TO REDUCE THE AMOUNT OF THEIR TUITION. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MEHDI LAZAR HEAD OF SCHOOL 274724 0 0 0 0 0 0 0 27016 0 301740 0 0 0 ANTOINE PORTALES DIRECTOR OF BUSINESS AND F 191896 0 0 0 0 0 0 0 31565 0 223461 0 0 0 PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT EXPENSES ARE FOR SCHOOOL RELATED ACTIVITIES, NOT FOR THE INDIVIDUALS' BENEFIT. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 2012-04-01 7850000 REDEEM SERIES 2009 BONDS, PARTIAL PAYOFF OF NOTE, REFINANCING OF PROPERTY 0 0 0 B ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 2013-09-25 1900000 FUND CAPITAL EXPENDITURES FOR THE ACQUISITION OF PROPERTY AT NINTH STREET 0 0 0 C ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 2014-07-01 1600000 FUND CAPITAL EXPENDITURES FOR THE ACQUISITION OF PROPERTY AT NINTH STREET 0 0 0 D CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2021-03-02 9729977 REFINANCE EXISTING ABAG FINANCE AUTHORITY DEBT 0 0 0 A 6565484 7850000 275886 7574114 2012 0 0 1 1 B 1693585 1900000 57028 1842972 2013 0 0 1 1 C 1426409 1600000 1600000 2014 0 0 1 1 D 9729977 9729977 2021 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 0 B 0 C 0 D 0 X PPP LOAN FORGIVENESS 1 1557700 FAIV VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT REPORT AND FORM 990 ARE REVIEWED BY THE AUDIT COMMITTEE BEFORE THEY ARE FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES SIGN AGREEMENTS INDICATING THE NON-EXISTENCE OR EXISTENCE OF CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DECIDES THE HEAD OF SCHOOL'S SALARY AND APPROVES THE BUSINESS MANAGER'S SALARY. STATISTICS FROM INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION (90 LOCAL INDEPENDENT SCHOOLS) ARE USED TO DETERMINE REASONABLE COMPENSATION BASED ON FACTORS SUCH AS SIZE OF THE STUDENT BODY, DEMOGRAPHICS, TENURE, ETC. FORM 990, PART VI, SECTION C, LINE 19 FINANCIALS AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THERE IS NO CHANGE IN THE PROCESS FROM PRIOR YEARS.