2021-05-13T17:29:51-05:00 2020-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2019-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2021-05-13 1 MAGA E KISRIEV P01008919 4157810793 2019 2022-09-23 18:48:47Z LEE FERTIG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 63270143 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 12TH. 32 31 316 125 0 0 22690655 13833480 43213554 45616486 15257 755620 538343 351294 66457809 60556880 4717241 4975265 0 0 24276649 26521955 0 0 1549195 22746604 20742889 51740494 52240109 14717315 8316771 213694521 225889762 88351250 92167572 125343271 133722190 X OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 1 39434161 4975265 45616486 SEE SCHEDULE O. 39434161 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 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 0 0 0 0 0 1 191 0 1 316 1 0 0 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X MYNA CHIEM BRETT DYER 6503504600 131 E 28TH AVENUE SAN MATEO CA 94403 BRUCE COZADD CHAIR 1.00 X X 0 0 0 KATHLEEN DONOHUE VICE CHAIR 1.00 X X 0 0 0 GERALD RISK VICE CHAIR & TREASURER 1.00 X X 0 0 0 LEON KUAN SECRETARY 1.00 X X 0 0 0 MARGARET CARLSON LYNCH EX OFFICIO 1.00 X 0 0 0 EILEEN HORNG EX OFFICIO 1.00 X 0 0 0 KAT ALFOND TRUSTEE 1.00 X 0 0 0 SUSAN BARNES TRUSTEE 1.00 X 0 0 0 DERRICK BOLTON TRUSTEE 1.00 X 0 0 0 MEI CHEN TRUSTEE 1.00 X 0 0 0 JANET CHESTON TRUSTEE 1.00 X 0 0 0 HOON CHO TRUSTEE 1.00 X 0 0 0 DAVID COWAN TRUSTEE 1.00 X 0 0 0 BONNIE FOUGHT TRUSTEE 1.00 X 0 0 0 ROBERT FRANK TRUSTEE 1.00 X 0 0 0 ART HEIDRICH TRUSTEE 1.00 X 0 0 0 RIE HIRABARU TRUSTEE 1.00 X 0 0 0 MARY HYNES TRUSTEE 1.00 X 0 0 0 JAMES ISAACS TRUSTEE 1.00 X 0 0 0 PUJA KAUL TRUSTEE 1.00 X 0 0 0 JOE KRAUS TRUSTEE 1.00 X 0 0 0 KEVIN LYNCH TRUSTEE 1.00 X 0 0 0 FARZAH ZOD NAZEM TRUSTEE 1.00 X 0 0 0 KAREN PACE TRUSTEE 1.00 X 0 0 0 KRISTINA PHIPPS TRUSTEE 1.00 X 0 0 0 MICHELLE SANDBERG TRUSTEE 1.00 X 0 0 0 JODY SIEVERS TRUSTEE 1.00 X 0 0 0 MARC TARPENNING TRUSTEE 1.00 X 0 0 0 MARA WALLACE TRUSTEE 1.00 X 0 0 0 ANN WILSON GREEN TRUSTEE 1.00 X 0 0 0 RICK HOLMSTROM TRUSTEE 1.00 X 0 0 0 ZACK HERLICK TRUSTEE 1.00 X 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL (THRU 6/30/20) 40.00 X 686040 0 55388 TERRY LEE ASSOCIATE HEAD OF SCHOOL 40.00 X 468608 0 23900 TARYN GROGAN DIRECTOR OF ADMISSION 40.00 X 198227 0 38158 JOHN GAVIN BRADLEY DIRECTOR OF COLLEGE COUNSELING 40.00 X 200150 0 11254 STEPHEN DUNN US DIVISION HEAD 40.00 X 159551 0 44266 STEVE COLE DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 197700 0 4920 STEVE OSBORNE DIRECTOR OF FACILITIES 40.00 X 150912 0 17845 2061188 0 195731 30 0 1 0 WL BUTLER PO BOX 6004 PETALUMA CA 94955 CONSTRUCTION SERVICES 5306237 EPICUREAN GROUP 111 MAIN STREET 3 LOS ALTOS CA 94022 CATERING & SPECIAL EVENTS SERVICES 1599226 SERVICE BY MEDALLION 411 CLYDE AVENUE MOUNTAIN VIEW CA 94043 JANITORIAL SERVICES 1513547 LEDDY MAYTUM STACY ARCHITECTS 1940 BRYANT STREET SAN FRANCISCO CA 94110 CONSTRUCTION - ARCHITECTS 1191327 PRO GUARD SECURITY SERVICES 300 MONTGOMERY STREET 813 SAN FRANCISCO CA 94104 SECURITY SERVICES 436551 17 955240 12878240 2549893 13833480 TUITION AND FEES 611710 42136963 42136963 TUTORING, MUSIC AND OTHER CLASSES 611710 953392 953392 LUNCH PROGRAM REVENUE 611710 786926 786926 SUMMER PROGRAM REVENUE 611710 550295 550295 STUDENT TRANSPORTATION REVENUE 611710 423714 423714 765196 765196 45616486 746793 746793 2489137 2480310 8827 8827 8827 584247 955240 232953 351294 351294 60556880 45616486 0 1106914 4975265 4975265 1085000 1085000 19530747 15878460 3089149 563138 494425 301599 177993 14833 5411783 4051892 1131841 228050 72088 72088 72700 72700 5118147 3469060 1318148 330939 183836 178277 5559 429506 217381 201664 10461 1408510 1261263 135920 11327 897461 117753 779708 80399 26805 53594 374447 321579 52868 1371948 835395 499429 37124 3894103 2371163 1417567 105373 392092 238749 142733 10610 STUDENT TRANSPORTATION 1315887 1315887 LUNCH PROGRAM 1172244 1172244 INSTRUCTIONAL EXPENSE 1127636 1127636 CURRICULAR TRIP EXPENSE 752244 752244 2079641 821509 1026351 231781 52240109 39434161 11256753 1549195 1088922 1442598 47666269 44101255 2644299 3264682 12085136 13789429 1549593 1549276 180626547 32422371 135384658 148204176 11326578 11879910 1949066 1658436 213694521 225889762 7525012 5794490 40571651 43018119 36885543 36005730 3369044 3154133 0 4195100 88351250 92167572 X 64787807 81977719 60555464 51744471 125343271 133722190 213694521 225889762 8316771 62148 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12429455 822515 325257 13577227 10347251 1520638 561566 12429455 9626298 8550 712403 10347251 8737692 6550 882056 9626298 9022079 156300 -74187 366500 8737692 0.12930 0.79610 0.07460 0 0 22249513 22249513 129679121 24708406 104970715 9070753 7713965 1356788 19627160 19627160 148204176 X 55643763 62148 62148 55581615 4975265 4975265 60556880 47264844 0 47264844 4975265 4975265 52240109 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. THE SCHOOL'S SPENDING POLICY ALLOWS FOR ANNUAL TRANSFERS UP TO 7% OF THE PORTFOLIO VALUE, WHERE THE PORTFOLIO VALUE IS DETERMINED BASED ON AN AVERAGE OF THE PRECEDING 12 QUARTER PORTFOLIO MARKET VALUES AT THE END OF EACH PERIOD. THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS RECLASSIFIED TO EXPENSES 4,975,265. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS RECLASSIFIED TO EXPENSES 4,975,265. 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 NONDISCRIMINATORY POLICY ANNUALLY IN THE SF CHRONICLE. THE FOLLOWING STATEMENT IS USED IN ALL PUBLICATIONS AND ON THE SCHOOL'S WEBSITE AS OF MAY 2021: "THE NUEVA SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN, GENDER, SEXUAL ORIENTATION, OR RELIGIOUS AFFILIATION TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. NUEVA DOES NOT DISCRIMINATE ON THE BASIS OF THESE FACTORS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, FINANCIAL AWARD PROGRAMS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS." NUEVA BENEFIT AUCTION 1539487 955240 584247 71436 17369 8814 135334 1539487 955240 584247 71436 17369 8814 135334 232953 351294 1 FINANCIAL AID AND ADDITIONAL AID FOR SELECTED SCHOOL RELATED EXPENSES BEYOND TUITION AND FEES 180 4975265 PART I, LINE 2: INDIVIDUAL AMOUNTS ARE DETERMINED BY HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DIRECTOR OF FINANCE, AND DIRECTOR OF ADMISSIONS. TOTAL BUDGET AMOUNT IS APPROVED BY BOARD. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL (THRU 6/30/20) 447075 0 0 0 238965 0 14000 0 41388 0 741428 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL 375650 0 0 0 92958 0 14000 0 9900 0 492508 0 0 0 TARYN GROGAN DIRECTOR OF ADMISSION 156227 0 0 0 42000 0 8306 0 29852 0 236385 0 0 0 JOHN GAVIN BRADLEY DIRECTOR OF COLLEGE COUNSELING 169650 0 0 0 30500 0 2422 0 8832 0 211404 0 0 0 STEPHEN DUNN US DIVISION HEAD 159551 0 0 0 0 0 4366 0 39900 0 203817 0 0 0 STEVE COLE DIRECTOR OF FINANCE & ADMINISTRATION 197700 0 0 0 0 0 4920 0 0 0 202620 0 0 0 STEVE OSBORNE DIRECTOR OF FACILITIES 109912 0 0 0 41000 0 2371 0 15474 0 168757 0 0 0 PART I, LINE 1A DIANE ROSENBERG IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. STEPHEN DUNN IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE WAS NOT TREATED AS TAXABLE COMPENSATION. JOHN GAVIN BRADLEY, TARYN GROGAN, AND STEVE OSBORNE RECEIVED HOUSING ALLOWANCES WHICH WERE TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B DIANE ROSENBERG RECEIVED $238,965 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. TERRY LEE RECEIVED $92,958 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 274108 39725892 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION WAS NOT PERFORMED SINCE THE ISSUE IS NOT AN ARBITRAGE BOND. 87850 FIN AWARD TUITION X 58 2549893 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART III, LINE 3 IN MARCH 2020, THE SCHOOL WAS REQUIRED TO SUSPEND ONSITE OPERATIONS DUE TO PANDEMIC. THE SCHOOL CONVERTED TO A REMOTE-ONLY MODEL WHICH EVENTUALLY LASTED FOR THE REST OF THE SCHOOL YEAR. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE NUEVA SCHOOL, AN INTERNATIONALLY RECOGNIZED, NONPROFIT, INDEPENDENT DAY SCHOOL, HAS SERVED GIFTED AND TALENTED LEARNERS SINCE 1967. TODAY, NUEVA SERVES APPROXIMATELY 950 STUDENTS PREK-12. NUEVA IS LOCATED IN THE NEIGHBORING TOWNS OF HILLSBOROUGH AND SAN MATEO, EQUIDISTANT BETWEEN SAN FRANCISCO AND SILICON VALLEY, SERVING SIX DIFFERENT COUNTIES THROUGHOUT THE BAY AREA OF NORTHERN CALIFORNIA. A CONSTRUCTIVIST SCHOOL, NUEVA IS KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, PROJECT-BASED LEARNING, AND PIONEERING WORK IN SOCIAL-EMOTIONAL LEARNING AND DESIGN THINKING. THE NUEVA COMMUNITY INSTILLS A PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY, AND DEVELOPS THE IMAGINATIVE MIND. OUR SCHOOL HAS RECEIVED THE US DEPARTMENT OF EDUCATION NATIONAL BLUE RIBBON AWARD AND THE AMERICAN INSTITUTE OF ARCHITECTS AWARD FOR SCHOOL DESIGN AND SUSTAINABILITY, HAS BEEN RECOGNIZED AS AN APPLE DISTINGUISHED PROGRAM AND APPOINTED AN ASHOKA CHANGEMAKER SCHOOL, CO-FOUNDED THE COMMON GROUND SPEAKER SERIES, HOSTS THE BIENNIAL INNOVATIVE LEARNING CONFERENCE, AND WAS HIGHLIGHTED BY THE PULITZER PRIZE-WINNING AND NEW YORK TIMES BEST-SELLING AUTHOR THOMAS FRIEDMAN IN HIS BOOK "THAT USED TO BE US," IN THE CHAPTER "AVERAGE IS OVER." FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S ACCOUNTING FIRM PREPARED A DRAFT OF THE FORM 990 (USING AUDITED FINANCIALS AND OTHER INFORMATION PROVIDED BY THE ORGANIZATION) AND PROVIDED TO THE CONTROLLER FOR REVIEW. THE DIRECTOR OF FINANCE AND ASSOCIATE HEAD OF SCHOOL REVIEWED THEN FORWARDED TO THE HEAD OF SCHOOL, FINANCE COMMITTEE CO-CHAIRS, BOARD EXECUTIVE COMMITTEE, AND THEN THE REST OF THE BOARD FOR REVIEW PRIOR TO FILING. QUESTIONS WERE ADDRESSED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, HEAD OF SCHOOL, OFFICERS AND ALL EMPLOYEES OF THE SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE HEAD OF SCHOOL AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE CHAIR OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE HEAD OF SCHOOL AND THE CHAIR OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM CAL-ISBOA, CAIS, AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).