2021-04-29T12:34:04-05:00 2020-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2019-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING COO 4152020770 2021-04-28 1 ROGER BULOSAN P00221282 4154326200 2019 2022-09-23 18:48:47Z CHRIS LIVACCARI 250 10TH STREET SAN FRANCISCO CA 94103 16026707 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 20 151 300 0 0 8004766 2404761 11258487 13143875 129106 64847 319002 413224 19711361 16026707 1097072 1290914 0 0 8725514 9984908 0 0 261905 3396665 4734881 13219251 16010703 6492110 16004 61449902 66539714 37281547 43604528 24168355 22935186 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 12074072 1290914 13557099 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 2019/2020 SCHOOL YEAR, THE SCHOOL HAD PRESCHOOL TO 7TH GRADES. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. 12074072 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 63 0 1 151 1 0 0 0 0 0 0 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 TRUSTEE 5.00 X 0 0 0 ANU MENON VICE CHAIR 5.00 X 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 LEO MA 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 MELODY MECKFESSEL 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 SECRETARY 5.00 X X 0 0 0 SHERYL NICOL TRUSTEE 5.00 X 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL 40.00 X 310582 0 9544 DAVID LESSING COO 40.00 X 202991 0 8774 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 40.00 X 162486 0 8249 SIMONA CHONGO HEAD OF PRESCHOOL 40.00 X 123701 0 7981 LORRAINE CHAO HEAD OF LOWER ELEMENTARY 40.00 X 118714 0 6744 DENISE SVENSON HEAD OF UPPER ELEMENTARY 40.00 X 107103 0 6744 AILEEN DE LEON CONTROLLER 40.00 X 124430 0 1760 1150007 0 49796 10 0 1 0 PLANT CONSTRUCTION CO 300 NEW HALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION AND RENOVATION 13927817 STUDIO BONDY ARCHITECTURE 110 LINDEN STREET OAKLAND CA 94607 DESIGN AND RENOVATION MANAGEMENT 368493 PROJECT FOCUS MANAGEMENT 2 THEATRE SQUARE SUITE 218 ORINDA CA 94563 CONSTRUCTION AND PROJECT MANAGEMEMT 105413 3 2404761 173193 2404761 TUITION AND FEES 611600 13143875 13143875 13143875 64847 64847 PRESCHOOL FOR ALL FUNDING 611600 412924 412924 OTHER INCOME 900099 300 300 413224 16026707 13557099 0 64847 1290914 1290914 582918 203486 262848 116584 7720052 6317679 1372628 29745 47585 39328 8298 -41 1029069 759408 254329 15332 605284 494954 104928 5402 101259 101259 39140 39140 117133 66666 11143 39324 388580 17366 370475 739 429019 335793 86049 7177 119654 91086 28314 254 903532 707164 181254 15114 1266390 991162 254045 21183 EDUCATIONAL SUPPLIES 789864 743234 46623 7 BAD DEBT 345825 345825 OTHER EXPENSES 234485 15832 207568 11085 16010703 12074072 3674726 261905 6358401 8482148 10788 11651 468720 71588 4832050 5382502 477294 80403 55896156 3384734 49302649 52511422 61449902 66539714 9470273 2728325 9514467 10082507 17081166 26975735 1353147 1215641 2464814 37281547 43604528 X 23613462 22691878 554893 243308 24168355 22935186 61449902 66539714 X 16004 -1249173 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15503707 15503707 40002298 3270269 36732029 388533 112847 275686 1618 1618 0 52511422 INTEREST RATE SWAP 2464814 2464814 X 14735793 -1290914 -1290914 16026707 0 16026707 15968962 1249173 1249173 14719789 1290914 1290914 16010703 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, 2020, 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: FINANCIAL AID AWARDS, TUITION REMISSION AND PFA CREDITS -1,290,914. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 1,249,173. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINST TUITION 1,290,914. 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 1627754 34562 1593193 1627754 34562 1593193 1 TUITION ASSISTANCE / FINANCIAL AID AWARDS 31 494699 FMV REDUCTION IN TUITION BILLING. TUITION REMISSION / STAFF TUITION DISCOUNTS 13 284386 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, TUITION CREDITS 66 410704 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, ANNUAL TUITION CREDITS 103 25875 FMV REDUCTION IN TUITION BILLING. TUITION DISCOUNT FOR TRAVEL/STEM FEE 27 75250 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 310582 0 0 0 0 0 2800 0 6744 0 320126 0 0 0 DAVID LESSING COO 202991 0 0 0 0 0 2030 0 6744 0 211765 0 0 0 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 162486 0 0 0 0 0 1625 0 6624 0 170735 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 SCHOOL BOARD TRUSTEE 31044 TUITION ASSISTANCE DISCOUNTED TUITION DAVID LESSING COO 28590 NONDISCRIMINATORY TUITION REMISSION PROVIDED TO ALL EMPLOYEES DISCOUNTED TUITION FRIENDS OF PKS LLC BOARD TRUSTEE 3500000 LOAN TO SCHOOL TO PURCHASE PROPERTY 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THE MEMBERS OF FRIENDS OF PKS, LLC ARE CURRENT SCHOOL TRUSTEES, FORMER SCHOOL TRUSTEES, SPOUSES OF CURRENT SCHOOL TRUSTEES, OR SPOUSES OF FORMER SCHOOL TRUSTEES: JEREMY LIEW (FORMER TRUSTEE AND SPOUSE OF A CURRENT TRUSTEE), RANEE LAN (CURRENT TRUSTEE), MELODY MECKFESSEL (CURRENT TRUSTEE), LAURA B. NADLER (FORMER TRUSTEE), DAVID NADLER (SPOUSE OF A FORMER TRUSTEE), KEVIN S. WONG (FORMER TRUSTEE), AUDREY LEE (SPOUSE OF A FORMER TRUSTEE), LEO K. MA (CURRENT TRUSTEE), MING MING L. LIU (SPOUSE OF A CURRENT TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN K. MCKIBBEN (SPOUSE OF A 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 12 173193 FMV 0 1 0 FORM 990, PART III, LINE 3 THE SCHOOL ADDED A 7TH GRADE DURING SY 19/20. ADDITIONAL GRADE LEVEL WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. FORM 990, PART VI, SECTION A, LINE 2 THERE ARE 3 CURRENT TRUSTEES AND 5 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 -1,249,173. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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