2021-03-18T17:25:29-05:00 2020-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2019-07-01 942356968 MOUNT TAMALPAIS SCHOOL MTTA 4153839434 100 HARVARD AVENUE MILL VALLEY CA 94941 ANDREW DAVIS HEAD OF SCHOOL 4153839434 2021-03-17 1 ROGER BULOSAN P00221282 4154326200 2019 2022-09-23 18:48:47Z ANDREW DAVIS 100 HARVARD AVENUE MILL VALLEY CA 94941 12134338 0 X WWW.MTTAM.ORG X 1976 CA ELEMENTARY SCHOOL EDUCATION WITH AN EMPHASIS ON ACADEMIC AND SOCIAL DEVELOPMENT. 16 16 69 0 0 0 1167602 1064554 7631702 8129174 611287 160694 171216 27895 9581807 9382317 1309371 1348976 0 0 4432614 5766278 0 0 315933 3341495 1952222 9083480 9067476 498327 314841 18463025 21125524 6969389 9263871 11493636 11861653 X MOUNT TAMALPAIS SCHOOL IS COMMITTED TO THE DEVELOPMENT OF KNOWLEDGE AND GOODNESS WITHIN CHILDREN IN AN INCLUSIVE, NURTURING, AND ACADEMICALLY INSPIRING ENVIRONMENT. A MTS EDUCATION, VIGOROUS, CREATIVE AND PROCESS-DRIVEN, DEVELOPS CHILDREN WHO ARE WELL PREPARED FOR THEIR FUTURE WHILE REMAINING YOUNG AT HEART. WE INFUSE THE ACADEMIC, ARTISTIC, AND ATHLETIC PROGRAMS WITH THE VALUES OF KINDNESS, INTEGRITY, RESPECT, AND SELF-RELIANCE SO THAT ALL STUDENTS CAN FULLY REALIZE THEIR HUMAN POTENTIAL. 0 0 6939726 1348976 8157069 PROGRAM EXPENSES ARE RELATED TO THE OPERATION OF A PRIVATE, CO-EDUCATIONAL SCHOOL FOR APPROXIMATELY 240 STUDENTS IN KINDERGARTEN TO 8TH GRADE. THE SCHOOL FOCUSES ON AN ENVIRONMENT THAT ENCOURAGES THE DEVELOPMENT OF THE WHOLE CHILD. 6939726 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 69 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X X MS JOELLE DODGE 4153839434 100 HARVARD AVENUE MILL VALLEY CA 94941 STACY METCALF SECRETARY 5.00 X X 0 0 0 KATRINA O'CONNELL PRESIDENT 15.00 X X 0 0 0 HEIDI ALTREE TRUSTEE 4.00 X 0 0 0 KRISTIN BAEHNER TRUSTEE 4.00 X 0 0 0 KEVIN BARNES TRUSTEE 2.00 X 0 0 0 JANET MCGARVEY TRUSTEE 2.00 X 0 0 0 LAURENT HUGUENIN TREASURER 7.00 X X 0 0 0 NANCY BERNSTEIN TRUSTEE 4.00 X 0 0 0 COURTNEY DELLA CAVA VICE PRESIDENT 15.00 X X 0 0 0 NANCY KEHOE TRUSTEE 2.00 X 0 0 0 CINDY MEYERS TRUSTEE 2.00 X 0 0 0 HEATHER WELLS TRUSTEE 2.00 X 0 0 0 DAN HIGGINS TRUSTEE 4.00 X 0 0 0 JASON PAYNE TRUSTEE 4.00 X 0 0 0 LIZ KELLEY TRUSTEE 4.00 X 0 0 0 MATTHEW ESTES TRUSTEE 4.00 X 0 0 0 ANDREW DAVIS HEAD OF SCHOOL 40.00 X 311923 0 18209 JOELLE DODGE DIRECTOR OF FINANCE 40.00 X 127059 0 17161 ROSEMARIE NICOLINI DIRECTOR OF FACILITIES & O 40.00 X 127660 0 18866 DAVID BAKER HEAD OF MIDDLE SCHOOL 40.00 X 144404 0 32764 ANNE VANSON DIRECTOR OF DEVELOPMENT 40.00 X 145954 0 20246 ROBERT POTTER FACULTY 40.00 X 122866 0 14293 979866 0 121539 11 0 1 0 FIRST STUDENT 22157 NETWORK PLACE CHICAGO IL 60673 STUDENT BUS TRANSPORTATION 396896 1 123814 940740 89634 1064554 TUITION AND FEES 611110 8129174 8129174 8129174 158061 158061 2709694 2707061 2633 2633 2633 44960 128462 44960 0 MISCELLANEOUS INCOME 611110 27895 27895 27895 9382317 8157069 0 160694 1348976 1348976 524597 69828 420358 34411 4097250 3282463 650797 163990 1144431 838210 258366 47855 12413 12413 36769 36769 117489 74878 34119 8492 170352 105077 62120 3155 74485 61597 12888 304167 203911 88188 12068 68119 49408 15787 2924 TRANSPORTATION 319447 319447 0 0 OUTSIDE SERVICES 218717 218717 0 0 CURRICULUM AND SUPPLIES 182357 182357 0 0 PROFESSIONAL SERVICES A 128950 36303 76572 16075 318957 148554 143440 26963 9067476 6939726 1811817 315933 2223241 3044829 13320 166250 2459017 3241394 8018 6796 169505 121828 12585582 5679092 6136893 6906490 7453031 7637937 18463025 21125524 772034 1416465 6197355 6974906 872500 6969389 9263871 X 7476033 7463242 4017603 4398411 11493636 11861653 18463025 21125524 314841 53177 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3729244 32803 147627 151522 3758152 3670604 224052 165412 3729244 3607375 263232 200003 3670604 4867693 339682 1600000 3607375 4662614 60588 144491 4867693 0.01000 0.99000 0 0 1307434 1307434 9453336 4955169 4498167 856601 723923 132678 968211 968211 6906490 X 8093743 53177 53177 8040566 1341751 1341751 9382317 7725726 0 7725726 1341751 1341751 9067477 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF INDIVIDUAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY MANAGEMENT TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY MANAGEMENT TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW THE BOARD OF TRUSTEES 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 ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS NET ASSETS WITH DONOR RESTRICTIONS (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 ENDOWMENT FUND. THE REMAINING PORTION OF THE DONOR RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN NET ASSETS WITH DONOR RESTRICTIONS IS CLASSIFIED AS EXPENDABLE NET ASSETS WITH RESTRICTIONS 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 PURPOSE 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 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 TO 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 OR REGULATIONS. AT JUNE 30, 2020, THERE WERE NO SUCH DEFICIENCIES. 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. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS MANAGEMENT-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS INVESTMENT POLICY CALLS FOR TARGET ASSET ALLOCATION OF 70% EQUITIES AND 30% BONDS. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE PERFORMANCE OF THESE INVESTMENTS IS MEASURED AGAINST ESTABLISHED EQUITY AND FIXED INCOME INDICES TO PROVIDE FOR THE (A) PRESERVATION OF CAPITAL, (B) CURRENT INCOME, AND (C) LONG-TERM GROWTH OF CAPITAL AND INCOME. 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 INTENDED TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FRANCHISE TAXES UNDER 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 IS 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 TUITION 1,341,751. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION 1,341,751. 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 RACIAL NON-DISCRIMINATORY POLICY IS POSTED ON THE SCHOOL'S WEBSITE HTTPS://WWW.MTTAM.ORG/TITLE-IX. AUCTION 173422 128462 44960 3313 9842 31805 173422 128462 44960 3313 9842 31805 44960 0 1 TUITION ASSISTANCE 56 1341751 TUITION ASSISTANCE INDIVIDUAL GRANTS 3 7225 CORONAVIRUS ASSISTANCE PART I, LINE 2: ALL AWARDS ARE NEED BASED. ALL APPLICANTS FOR FINANCIAL ASSISTANCE MUST APPLY THROUGH SSS (SCHOOL SCHOLARSHIP SERVICE) IN PRINCETON, NEW JERSEY, AN "OUT OF HOUSE" CLEARING ORGANIZATION THAT IS COORDINATED THROUGH NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS). X 1 0 X X 0 0 0 0 0 0 0 0 0 ANDREW DAVIS HEAD OF SCHOOL 305667 0 6256 0 0 0 0 0 18209 0 330132 0 0 0 DAVID BAKER HEAD OF MIDDLE SCHOOL 144404 0 0 0 0 0 0 0 32764 0 177168 0 0 0 ANNE VANSON DIRECTOR OF DEVELOPMENT 145954 0 0 0 0 0 0 0 20246 0 166200 0 0 0 X 6 87606 FMV AT SALE X 1 3648 FMV X PROJECTOR AND SCREEN AND PORTABLE SOCCER GOALS 3 5464 FMV X LANDSCAPING - ARTIFICIAL TURF 1 2616 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM. THE FORM 990 IS THEN REVIEWED BY MANAGEMENT OF THE SCHOOL BEFORE IT IS SENT TO THE AUDIT COMMITTEE. THE BOARD HAS DELEGATED THE AUDIT COMMITTEE THE RESPONSIBILITY TO OVER SEE THE FORM 990 PREPARATION AND FILING PROCESS. THE AUDIT COMMITEE REIVEWS AND APPROVES THE FORM 990 BEFORE IT IS FILED. THE CHAIR OF THE AUDIT COMMITEE WILL THEN SHARE THE FORM 990 WITH THE VOTING MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR INFORMATION AND TRANSPARENCY, BUT DOES NOT REQUIRED THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C MOUNT TAMALPIAS HAS A WRITTEN CONFLICT OF INTEREST POLICY AND FORM THAT THEY HAVE ALL TRUSTEES AND HEAD OF SCHOOL SIGN. THESE WERE SIGNED IN AUGUST 2019. STARTING ON AUGUST 2020, KEY EMPLOYEES ALSO SIGN THIS FORM. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF THE BOARD REVIEWS THE HEAD OF SCHOOL'S COMPENSATION. THE COMPENSATION IS THEN APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, OPERATING INFORMATION IS PUBLISHED IN THE ANNUAL REPORT.