2022-04-21T13:23:33-05:00 2021-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2020-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING COO 4152020770 2022-04-20 1 DAVID LESSING 999009999 ROGER BULOSAN P00221282 4154326200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRIS LIVACCARI 250 10TH STREET SAN FRANCISCO CA 94103 15419877 0 X WWW.PRESIDIOKNOLLS.ORG X 2006 CA TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 20 20 140 50 0 0 2404761 1393872 13143875 13499608 64847 6099 413224 485371 16026707 15384950 1290914 1438674 0 0 9984908 9935525 0 0 455094 4734881 4005480 16010703 15379679 16004 5271 66539714 66263840 43604528 41137089 22935186 25126751 X OUR MISSION IS TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE EDUCATION AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 0 1 11672636 1438674 13984979 PRESIDIO KNOLLS SCHOOOL (PKS) IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED AS A PRESCHOOL IN 2006 IN SAN FRANCISCO, CALIFORNIA, OFFERING A REGGIO EMILIA INSPIRED EDUCATIONAL APPROACH WITH MANDARIN IMMERSION PROGRAM. IN 2012, THE SCHOOL BEGAN AN EMERGING PREK-8 PROGRAM. FOR THE 2020/2021 SCHOOL YEAR, THE SCHOOL HAD PRESCHOOL, KINDERGARTEN, 1ST, 2ND, 3RD, 4TH, 5TH, 6TH, 7TH AND 8TH GRADES. 11672636 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 1 60 0 1 140 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X AILEEN DE LEON 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 AMY LIAW SECRETARY 5.00 X X 0 0 0 ANU MENON TRUSTEE 5.00 X 0 0 0 CHASSE CARROLL TRUSTEE 5.00 X 0 0 0 DAVE GEBALA TRUSTEE 5.00 X 0 0 0 EMMA COCKS TRUSTEE 5.00 X 0 0 0 JED LAU TRUSTEE 5.00 X 0 0 0 JIMMY QUACH TREASURER 5.00 X X 0 0 0 JOHN STRICKLIN TRUSTEE 5.00 X 0 0 0 JULIO MORENO TRUSTEE 5.00 X 0 0 0 KAREN GULLO TRUSTEE 5.00 X 0 0 0 KATIE BIBER TRUSTEE 5.00 X 0 0 0 KITTY OESTLIEN TRUSTEE 5.00 X 0 0 0 LUKE FELKER TRUSTEE 5.00 X 0 0 0 MARK ROCHE TRUSTEE 5.00 X 0 0 0 MIKHAL BOUGANIM TRUSTEE 5.00 X 0 0 0 MIKE KIM TRUSTEE 5.00 X 0 0 0 RANEE LAN CHAIR 5.00 X X 0 0 0 ROB TSAI TRUSTEE 5.00 X 0 0 0 ROB ZIVNUSKA VICE-CHAIR 5.00 X X 0 0 0 THERESA JOHNSON TRUSTEE 5.00 X 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL 40.00 X 320562 0 10471 DAVID LESSING COO 40.00 X 229594 0 2844 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 40.00 X 175034 0 2187 SIMONA CHONGO HEAD OF PRESCHOOL 40.00 X 131630 0 9124 LORRAINE CHAO HEAD OF LOWER ELEMENTARY 40.00 X 149737 0 7426 DENISE SVENSON HEAD OF UPPER ELEMENTARY 40.00 X 132248 0 7626 1138805 0 39678 6 0 1 0 PLANT CONSTRUCTION CO 300 NEW HALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION AND RENOVATION 2384115 1 122612 1271260 157415 1393872 TUITION AND FEES 611600 13499608 13499608 13499608 6099 6099 34927 122612 34927 0 PRESCHOOL FOR ALL FUNDING 611600 458897 458897 OTHER INCOME 900099 26474 26474 485371 15384950 13984979 0 6099 1438674 1438674 586365 207013 262079 117273 7858927 6322356 1405344 131227 45842 34526 10456 860 925187 626072 275163 23952 519204 486830 25236 7138 35310 35310 76960 76960 161184 63302 58724 39158 281399 8404 271426 1569 368218 283528 73643 11047 41920 26302 15581 37 1077458 829643 215492 32323 1424660 1096988 284932 42740 EDUCATIONAL SUPPLIES 271635 238685 32950 OTHER EXPENSES 235006 10313 176923 47770 BAD DEBT EXPENSE 31730 31730 15379679 11672636 3251949 455094 8482148 9361518 11651 14 71588 11000 5382502 5424049 80403 82062 56194590 4809393 52511422 51385197 66539714 66263840 2728325 1722310 10082507 11179024 26975735 26604088 1353147 2464814 1631667 43604528 41137089 X 22691878 25027143 243308 99608 22935186 25126751 66539714 66263840 X 5271 2186294 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15503707 15503707 27810459 2036434 25774025 12473896 2581309 9892587 404910 190032 214878 1618 1618 0 51385197 INTEREST RATE SWAP 1631667 1631667 X 16132570 2186294 2186294 13946276 1438674 1438674 15384950 13941005 0 13941005 1438674 1438674 15379679 PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME 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 TAX POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PPP LOAN FORGIVENESS 1,353,147. UNREALIZED GAIN ON INTEREST RATE SWAP AGREEMENTS 833,147. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINT TUITION ON GAAP STATEMENTS 1,438,674. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINT TUITION ON GAAP STATEMENTS 1,438,674. 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 NONDISCRIMIATION POLICY IS STATED IN THE WEBSITE UNDER THE ADMISSIONS TAB: HTTPS://WWW.PRESIDIOKNOLLS.ORG/ADMISSIONS-WELCOME SCHEDULE E, PART I, LINE 6 PRESIDIO KNOLLS SCHOOL QUALIFIES FOR PRESCHOOL FOR ALL / HEADSTART / FIRST FIVE FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM AND SOME OF 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE. THE FAMILY MUST BE RESIDENT IN SAN FRANCISCO TO QUALIFY. X X X 1 BARBARA BARRON CONSULTING 110 WATERFORD TERRACE SAN RAFAEL CA 94903 FUNDRAISING SERVICES 0 257675 31125 226550 257675 31125 226550 SPRING EVENT 157539 122612 34927 6102 25000 3825 157539 122612 34927 6102 25000 3825 34927 0 1 TUITION ASSISTANCE / FINANCIAL AID AWARDS 31 541227 FMV REDUCTION IN TUITION BILLING. TUITION REMISSION / STAFF TUITION DISCOUNTS 18 318506 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, TUITION CREDITS 59 257868 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, ANNUAL TUITION CREDITS 97 23875 FMV REDUCTION IN TUITION BILLING. TUITION DISCOUNT FOR TRAVEL/STEM FEE 27 297198 FMV REDUCTION IN TUITION BILLING. PART I, LINE 2: TUITION ASSISTANCE: THE SCHOOL USES A THIRD PARTY PROVIDER TO MONITOR WHO SHOULD RECEIVE ASSISTANCE. THE AWARD IS APPLIED TO EACH RECEIPIENT'S TUITION BALANCE. TUITION REMISSION: TUITION REMISSION IS OFFERED TO EMPLOYEES AND APPLIED TO EACH RECEIPIENT'S TUITION BALANCE. TUITION CREDITS: THE SCHOOL RECEIVES PRESCHOOL FOR ALL FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE, FOR FAMILIES RESIDENT IN SAN FRANCISCO. X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL 320562 0 0 0 0 0 2800 0 7671 0 331033 0 0 0 DAVID LESSING COO 229594 0 0 0 0 0 2385 0 459 0 232438 0 0 0 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 175034 0 0 0 0 0 1750 0 437 0 177221 0 0 0 LORRAINE CHAO HEAD OF LOWER ELEMENTARY 149737 0 0 0 0 0 0 0 7426 0 157163 0 0 0 A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2018-06-12 27500000 TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS 0 0 0 A 27500000 277275 13636271 17086455 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 COMPASS BANK 7.000000000000 0 0 0 0 1 A 1 KAREN GULLO TRUSTEE 30990 TUITION ASSISTANCE DISCOUNTED TUITION DAVID LESSING OFFICER, COO 24743 STAFF DISCOUNT/REMISSION DISCOUNTED TUITION FRIENDS OF PKS LLC TRUSTEES AND FORMER TRUSTEES 3500000 LOAN TO SCHOOL TO PURCHASE PROPERTY 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THERE IS 1 CURRENT TRUSTEE AND 7 FORMER TRUSTEES THAT ARE MEMBER OF FRIENDS OF PKS. THE MEMBERS OF FRIENDS OF PKS, LLC ARE CURRENT SCHOOL TRUSTEE, FORMER SCHOOL TRUSTREES, SPOUSES OF CURRENT SCHOOL TRUSTREES, OR SPOUSES OF FORMER SCHOOL TRUSTEES: JEREMY LIEW (FORMER TRUSTEE AND SPOUSE OF A CURRENT TRUSTEE), RANEE LAN (CURRENT TRUSTEE), MELODY MECKFESSEL (FORMER TRUSTEE), LAURA B. NADLER (FORMER TRUSTEE), DAVID NADLER (SPOUSE OF FORMER TRUSTEE), KEVIN WONG (FORMER TRUSTEE), AUDREY LEE (SPOUSE OF FORMER TRUSTEE), LEO K. MA (FORMER TRUSTEE), MINGMING L. LIU (SPOUSE OF FORMER TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN M. MCKIBBEN (SPOUSE OF FORMER TRUSTEE), LANIER COLES (FORMER TRUSTEE), AND CHARLTON YU (SPOUSE OF A FORMER TRUSTEE). SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 6/12/18, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE CALIFORNIA MUNICIPAL FINANCE AUTHORIGY (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 TAX-EXEMPT SUBORDINATE LOAN PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN WAS USED TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. THESE FUNDS ARE INCLUDED IN THE ISSUE PRICE OF $27.5 MILLION ON SCHEDULE K. X 5 157415 FMV 0 1 0 FORM 990, PART III, LINE 3 THE SCHOOL ADDED A 8TH GRADE DURING SY 20/21 SO THE SCHOOL HAS STUDENTS FROM PRESCHOOL TO 8TH GRADE FORM 990, PART VI, SECTION A, LINE 2 THERE IS 1 CURRENT TRUSTEE AND 7 FORMER TRUSTEES THAT ARE MEMBERS OF FRIENDS OF PKS. (SEE SCHEDULE L) FORM 990, PART VI, SECTION B, LINE 11B THE BOARD EXECUTIVE COMMITTEE, BOARD FINANCE COMMITTEE AND BOARD FUNDRAISING/DEVELOPMENT COMMITTEE REVIEW THE TAX RETURN PRIOR TO FILING. THE BOARD FINANCE COMMITTEE APPROVES THE FINAL TAX RETURN PRIOR TO FILING. AFTER FILING, THE PUBLIC DISCLOSURE COPY IS SHARED WITH ALL COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST COVERS BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS. DISCLOSURES ARE COLLECTED AND REVIEWED BY THE CORPORATE SECRETARY AND CONTROLLER. POTENTIAL CONFLICT WILL BE REPORTED TO THE COO AND THE EXECUTIVE COMMITTEE WILL DECIDE IF ANY ADDITIONAL ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP 833,147. PPP LOAN FORGIVENESS 1,353,147. FRIENDS OF PKS LLC 332 CUMBERLAND STREET SAN FRANCSICO CA 94114 472112630 REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. CA 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRIENDS OF PKS LLC E 3500000 AS REPORTED ON THE LOAN AGREEMENT