2021-01-15T16:00:59-06:00 2020-06-30 341884125 CBIZ MHM LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2019-07-01 861061606 PACIFIC RIDGE SCHOOL PACI 7604489820 6269 EL FUERTE STREET CARLSBAD CA 92009 STEPHANIE HOLLY CFO/COO 7604489820 2021-01-14 1 AMY A O'LOUGHLIN P00869687 6022646835 2021-01-14 2019 2022-09-23 18:48:47Z ROBERT OGLE 6269 EL FUERTE CARLSBAD CA 92009 32385180 0 X WWW.PACIFICRIDGE.ORG X 2003 CA PREPARE 7TH THROUGH 12TH GRADE STUDENTS FOR A PURPOSEFUL LIFE THROUGH ACADEMIC EXCELLENCE AND... PREPARE 7TH THROUGH 12TH GRADE STUDENTS FOR A PURPOSEFUL LIFE THROUGH ACADEMIC EXCELLENCE AND GLOBAL ENGAGEMENT. 20 14 226 80 0 0 3107098 6747778 21246606 20366760 98867 106665 105130 105845 24557701 27327048 3601214 3818567 0 0 11865396 12569948 0 0 818417 9221928 6975050 24688538 23363565 -130837 3963483 69857180 75290152 46223227 47687019 23633953 27603133 X IN A COMMUNITY THAT FOSTERS ACADEMIC EXCELLENCE, ETHICAL RESPONSIBILITY AND GLOBAL ENGAGEMENT, PACIFIC RIDGE SCHOOL PREPARES STUDENTS FOR COLLEGE AND A PURPOSEFUL LIFE. 0 0 21777701 3818567 20366760 IN THE 2019-2020 ACADEMIC YEAR, PACIFIC RIDGE SCHOOL INCREASED ENROLLMENT TO 619 STUDENTS IN GRADES 7-12 FROM 616 STUDENTS IN THE 2018-2019 ACADEMIC YEAR. SCHOOL LEADERSHIP RECOGNIZES THE VALUE TO STUDENTS OF COMBINING FIRST-RATE CLASSROOM ACADEMICS WITH SERVICE LEARNING AND GLOBAL TRAVEL OPPORTUNITIES, THE ARTS, SCIENCES, AND ATHLETIC PARTICIPATION.STUDENTS AT PACIFIC RIDGE BENEFIT FROM ENGAGING AROUND A HARKNESS TABLE WITH THEIR PEERS AND TEACHER IN CLASSES AVERAGING 15 STUDENTS. FACULTY BRING A WEALTH OF EXPERIENCE, PASSION AND GLOBAL PERSPECTIVE TO THE CLASSROOM EVERY DAY. OVER 70% OF OUR FACULTY HOLD ADVANCED DEGREES AND AN AVERAGE 7:1 STUDENT-TO-TEACHER RATIO SUPPORTS COMPREHENSION AND ADVANCEMENT.PARTICIPATION IN ONE OF THE SCHOOL'S 37 SERVICE LEARNING GROUPS ENRICHES EACH STUDENT'S ACADEMIC EXPERIENCE, TEACHES CIVIC AND ETHICAL RESPONSIBILITY, AND STRENGTHENS COMMUNITIES FOR THE COMMON GOOD. BUILT INTO THE CURRICULUM, SERVICE LEARNING IS REQUIRED FOR STUDENTS IN GRADES 7-10. NEARLY 90% OF UPPERCLASSMEN CONTINUE WITH THE PROGRAM. BY EXPLORING DIFFERENT CULTURES, EMBRACING THE UNFAMILIAR, AND ATTEMPTING TO HELP THOSE OUTSIDE OF OUR COMMUNITY, OUR STUDENTS BECOME GLOBAL CITIZENS INTENT ON MAKING A DIFFERENCE. SINCE THE SCHOOL'S INCEPTION, PACIFIC RIDGE STUDENTS HAVE TRAVELED TO OVER 58 COUNTRIES ON 6 CONTINENTS.PACIFIC RIDGE OFFERS 37 UPPER SCHOOL ARTS ELECTIVES INCLUDING PHOTOGRAPHY, FILMMAKING, MUSIC, SINGING, THEATER, GRAPHIC DESIGN, STUDIO ARTS, AND DANCE. OUR CAMPUS INCLUDES EIGHT ART STUDIOS AND THREE MUSIC PRACTICE ROOMS. THE SCIENCE DEPARTMENT UTILIZES EIGHT STATE-OF-THE-ART SCIENCE LABS.PACIFIC RIDGE OFFERS 50 ATHLETIC TEAMS, LED BY PASSIONATE COACHES AND STAFF. OUR STUDENT-ATHLETES LEARN THE SPIRIT OF COMPETITION AND THE VALUE OF SPORTSMANSHIP WHILE PURSING EXCELLENCE ON AND OFF THE FIELD. WITH OVER 40 ACADEMIC AND ENRICHMENT CLUBS, STUDENTS HAVE THE ABILITY TO SHARE THEIR TALENTS, BROADEN THEIR INTERESTS, AND DEVELOP THEIR LEADERSHIP SKILLS.WHILE TUITION ENSURES AN EXCEPTIONAL EDUCATION, IT IS THROUGH PHILANTHROPY THAT WE ARE ABLE TO GO ABOVE AND BEYOND PROVIDING THE EXTRAORDINARY EXPERIENCES THAT ALLOW OUR STUDENTS TO FULFILL THEIR GREATEST POTENTIAL, BOTH IN COLLEGE AND IN LIFE AFTERWARDS. 21777701 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 1 226 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CATIE FLYNN 7604489820 6269 EL FUERTE STREET CARLSBAD CA 92009 ROBERT OGLE HEAD OF SCHOOL 40.00 X 346254 0 32775 LAURA DICOVITSKY DIRECTOR OF PHILANTHROPY 40.00 X 164848 0 29667 WILLIAM MAYNARD DIRECTOR OF IT 40.00 X 133523 0 29266 RACHEL PETRELLA DIR OF COLLEGE GUIDANCE 40.00 X 143994 0 18315 ROBERT BUSCHER PAST CFO/COO 40.00 X 144775 0 17283 TIMOTHY BETZALA DEAN OF FACULTY 40.00 X 138838 0 15219 ALLEGRA MOLINEAUX HEAD OF UPPER SCHOOL 40.00 X 126468 0 14691 STEPHANIE HOLLY CFO/COO 40.00 X 114324 0 6171 ANDY LAATS BOARD CHAIR 10.00 X X 0 0 0 BILL KEITEL TREASURER 5.00 X X 0 0 0 TRACEY DELANGE SECRETARY 1.00 X X 0 0 0 RIO DICKENS-CELESTIN TRUSTEE 1.00 X 0 0 0 MARK ELMORE TRUSTEE 1.00 X 0 0 0 DEREK FOOTER TRUSTEE 1.00 X 0 0 0 PAUL FLATHER TRUSTEE 5.00 X 0 0 0 LYNN FRANK TRUSTEE 1.00 X 0 0 0 KRISTIN FRENCH TRUSTEE 1.00 X 0 0 0 FELICIA HINRICHS TRUSTEE 1.00 X 0 0 0 STEFAN KARNAVAS TRUSTEE 1.00 X 0 0 0 JASON KELLY TRUSTEE 5.00 X 0 0 0 KIRK MALLOY TRUSTEE 5.00 X 0 0 0 AMY MONTEPARTE TRUSTEE 1.00 X 0 0 0 DAVID RAMSAY TRUSTEE 5.00 X 0 0 0 LAING RIKKERS TRUSTEE 5.00 X 0 0 0 BRENT RIVARD TRUSTEE 5.00 X 0 0 0 RICHARD SHEN TRUSTEE 1.00 X 0 0 0 WILLIAM STICKNEY TRUSTEE 1.00 X 0 0 0 PAUL TWARDOWSKI TRUSTEE 1.00 X 0 0 0 1313024 0 163387 18 0 1 0 BUSY B'S 2588 EL CAMINO REAL 355 CARLSBAD CA 92008 JANITORIAL 175238 WESS TRANSPORTATION PO BX 462788 ESCONDIDO CA 92046 BUS TRANSPORTATION 156764 WORLD CHALLENGE 120 WASHINGTON ST STE 202 SALEM MA 01970 GLOBAL EDUCATION TRAVEL 116762 3 2138752 4609026 393962 6747778 EDUCATION PROGRAM 611600 20366760 20366760 20366760 105790 105790 25588 257 25331 25331 25331 5058000 750 5054056 3819 3944 -3069 875 875 PARENTS ASSOCIATION 611110 77504 77504 MISCELLANOUS INCOME 900099 3010 3010 80514 27327048 20366760 0 212510 3818567 3818567 573945 291507 210585 71853 9729189 8996590 287726 444873 514569 465510 23893 25166 981699 902345 26521 52833 770546 701028 35044 34474 27964 7506 20162 296 45075 45075 321603 173859 147744 254922 246622 5232 3068 181005 178112 1370 1523 751513 731468 16265 3780 2292 1430 473 389 126836 100434 20933 5469 1009227 982833 20993 5401 2368585 2313482 43432 11671 200856 192754 5091 3011 STUDENT ACTIVITIES 860456 860456 ATHLETIC EXPENSES 407700 407700 TRANSPORTATION 138545 138545 EDUCATIONAL TRAVEL 96668 96668 181803 170285 4652 6866 23363565 21777701 767447 818417 486400 983692 14173484 16801854 2720169 3555120 4596967 5230574 305498 275388 69638467 21194943 47574662 48443524 69857180 75290152 1740540 2478277 16174217 17397884 22141470 21559968 6167000 6167000 0 83890 46223227 47687019 X 16419813 19682033 7214140 7921100 23633953 27603133 69857180 75290152 3963483 5697 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 878370 2903 881273 1.00000 0 0 9666221 9666221 43243812 12267576 30976236 7343703 4847374 2496329 5526087 3886158 1639929 3858644 193835 3664809 48443524 X 21033791 257 257 21033534 6293514 6293514 27327048 16090161 257 257 16089904 7273661 7273661 23363565 PART V, LINE 4: THE ENDOWMENT IS DESIGNATED TO SUPPORT THE OPPORTUNITY GRANT PROGRAM. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. AT JUNE 30, 2020, THE FEDERAL STATUTE OF LIMITATIONS REMAINS OPEN FOR THE 2017 THROUGH 2020 TAX YEARS. THE STATUTE OF LIMITATIONS FOR THE STATE INCOME TAX RETURNS REMAINS OPEN FOR THE 2016 THROUGH 2020 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN REVENUE 257. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN RELATED SUPPORT 2,291,000. INTEREST AND DIVIDEND INCOME 105,790. NET REALIZED INVESTMENT GAINS 3,944. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -3,069. TUITION AND TRAVEL RELATED ASSISTANCE 3,818,567. PARENTS ASSOCIATION EXPENSES 77,282. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN REVENUE 257. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION AND AMORTIZATION 2,368,585. INTEREST EXPENSE 1,009,227. TUITION AND TRAVEL RELATED ASSISTANCE 3,818,567. PARENTS ASSOCIATION EXPENSES 77,282. 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 NON-DISCRIMINATION POLICY WAS PUBLISHED ON ALL ADMISSIONS BROCHURES AND NEWSPAPER PRINT ADS IN THE NORTH COUNTY TIMES, WHICH COVERS ALL OF NORTH SAN DIEGO COUNTY. SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES SERVICE LEARNING 100 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES GLOBAL EDUCATION 19100 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES SERVICE LEARNING 600 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES EMPLOYEE ENGAGEMENT 4000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SERVICE LEARNING 650 0 0 0 0 0 0 24450 0 24450 0 0 0 0 0 0 PART I, LINE 3: PAYMENTS MADE FOR STUDENTS PARTICIPATING IN GLOBAL STUDY OPPORTUNITIES. PAYMENTS ARE MONITORED BY THE SCHOOL AND PROVIDED DIRECTLY TO TOUR OPERATORS. PART III ACCOUNTING METHOD: 1 TUITION ASSISTANCE 201 3818567 PART I, LINE 2: ALL FAMILIES REQUESTING TUITION ASSISTANCE MUST COMPLETE FORMS REQUIRED BY OUR OUT-SOURCED TUITION ASSISTANCE ANALYSIS PROVIDER, FINANCIAL AID FOR SCHOOL TUITION (FAST). FAST RECOMMENDS THE FAMILY CONTRIBUTION PORTION. THIS INFORMATION IS GIVEN TO THE TUITION ASSISTANCE COMMITTEE WHICH USES THE FAST INFORMATION ALONG WITH OTHER FACTORS TO DETERMINE THE ASSISTANCE AMOUNT. THE FUNDS ARE NOT ACTUALLY TRANSFERRED TO THE STUDENTS, BUT RATHER SERVE AS A REDUCTION OF THE TUITION PAYMENTS DUE; THEREFORE, THE ENTITY DOES NOT REQUIRE ANY FURTHER PROCEDURES TO BE IN PLACE TO MONITOR THE USE OF THE TUITION ASSISTANCE. X X X X 0 0 0 0 0 0 0 1 0 ROBERT OGLE HEAD OF SCHOOL 315670 0 30000 0 584 0 13948 0 18827 0 379029 0 0 0 LAURA DICOVITSKY DIRECTOR OF PHILANTHROPY 161425 0 0 0 3423 0 8349 0 21318 0 194515 0 0 0 WILLIAM MAYNARD DIRECTOR OF IT 132121 0 0 0 1402 0 6920 0 22346 0 162789 0 0 0 RACHEL PETRELLA DIR OF COLLEGE GUIDANCE 143007 0 0 0 987 0 7326 0 10989 0 162309 0 0 0 ROBERT BUSCHER PAST CFO/COO 143282 0 0 0 1493 0 7289 0 9994 0 162058 0 0 0 TIMOTHY BETZALA DEAN OF FACULTY 138622 0 0 0 216 0 7008 0 8211 0 154057 0 0 0 PART I, LINE 7 BONUS PAYMENTS TO ONLY THE HEAD OF SCHOOL WERE MADE BASED ON MEETING ORGANIZATIONAL GOALS AND ARE AT THE DISCRETION OF THE BOARD OF TRUSTEES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2011-07-28 3867000 CAMPUS EXPANSION 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2012-01-26 3383000 CAMPUS EXPANSION 0 0 0 C CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2013-08-28 25200000 REFINANCE DEBT AND CAMPUS EXPANSION 0 0 0 D CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2014-07-25 1250000 CAMPUS EXPANSION 0 0 0 A 3867000 3867000 2012 1 0 1 1 B 1000000 3383000 3383000 2012 1 0 1 1 C 3298736 25074000 112648 24961352 2015 1 0 1 1 D 1250000 9625 1240375 2015 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 0 0 0 1 B 0 0 1 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 1 1 1 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2012 ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2012 ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/08/2015 ISSUER NAME: CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2015 ROBERT BUSCHER PART V PART V X 250000 250000 0 1 1 BILL KEITEL PART V PART V X 500000 500000 0 1 1 KIRK MALLOY PART V PART V X 550000 550000 0 1 1 C MALONEY PART V PART V X 250000 250000 0 1 1 STEVE NETZLEY PART V PART V X 500000 500000 0 1 1 JORI POTIKER PART V PART V X 500000 500000 0 1 1 ROBERT REGNERY PART V PART V X 617000 617000 0 1 1 RICHARD SAPP PART V PART V X 1000000 1000000 0 1 1 JANET MCVEIGH PART V PART V X 500000 500000 0 1 1 ROBERT OGLE PART V PART V X 250000 250000 0 1 1 DAVID RAMSAY TRUSTEE CAMPUS EXPANSION X 250000 250000 0 1 1 BRENT RIVARD TRUSTEE CAMPUS EXPANSION X 250000 250000 0 1 1 LAING RIKKERS TRUSTEE CAMPUS EXPANSION X 250000 250000 0 1 1 WILLIAM STICKNEY TRUSTEE CAMPUS EXPANSION X 500000 500000 0 1 1 6167000 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS (CONTINUED) (A) NAME OF PERSON: ROBERT BUSCHER(B) RELATIONSHIP WITH ORGANIZATION: PAST CFO/COO(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $250,000(F) BALANCE DUE: $250,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: BILL KEITEL(B) RELATIONSHIP WITH ORGANIZATION: TREASURER(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $500,000(F) BALANCE DUE: $500,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: KIRK MALLOY(B) RELATIONSHIP WITH ORGANIZATION: TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $550,000(F) BALANCE DUE: $550,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: CHRISTOPHER MALONEY(B) RELATIONSHIP WITH ORGANIZATION: FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $250,000(F) BALANCE DUE: $250,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: STEVE NETZLEY(B) RELATIONSHIP WITH ORGANIZATION: FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $500,000(F) BALANCE DUE: $500,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: JORI POTIKER(B) RELATIONSHIP WITH ORGANIZATION: FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $750,000(F) BALANCE DUE: $500,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: ROBERT REGNERY(B) RELATIONSHIP WITH ORGANIZATION: FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $617,000(F) BALANCE DUE: $617,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: RICHARD SAPP(B) RELATIONSHIP WITH ORGANIZATION: SPOUSE OF SHARI SAPP, FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $1,000,000(F) BALANCE DUE: $1,000,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: JANET MCVEIGH(B) RELATIONSHIP WITH ORGANIZATION: FORMER TRUSTEE(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $500,000(F) BALANCE DUE: $500,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES(A) NAME OF PERSON: ROBERT OGLE(B) RELATIONSHIP WITH ORGANIZATION: HEAD OF SCHOOL(C) PURPOSE OF LOAN: CAMPUS EXPANSION(D) LOAN TO OR FROM ORGANIZATION? = TO(E) ORIGINAL PRINCIPAL AMOUNT: $250,000(F) BALANCE DUE: $250,000(G) LOAN IN DEFAULT? = NO(H) APPROVED BY BOARD OR COMMITTEE? = YES(I) WRITTEN AGREEMENT? = YES X 19 388962 HI/LOW AVERAGE X PIANO 1 5000 FAIR VALUE 0 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES ITS INVESTMENT BROKER, FIRST REPUBLIC SECURITIES, TO PROCESS AND SELL CONTRIBUTED STOCKS WITHIN ONE WEEK OF RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE AUDIT COMMITTEE REVIEWS THE 990 AND APPROVES IT FOR DISTRIBUTION TO THE FULL BOARD. EACH BOARD MEMBER RECEIVES A COPY OF THE FULL 990 VIA EMAIL AND IS GIVEN A WEEK TO REVIEW AND COMMENT ON THE RETURN BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COMMITTEE ON TRUSTEES ISSUES A QUESTIONNAIRE ANNUALLY WHICH ASKS EACH TRUSTEE IF S/HE HAS CONFLICTS OF INTEREST. EACH TRUSTEE MUST RETURN THE SIGNED FORM CONFIRMING ANY OR THE LACK OF CONFLICTS OF INTEREST. IF THERE IS A CONFLICT OF INTEREST, THE CONFLICTED TRUSTEE WOULD RECUSE HIM/HERSELF FROM ANY DISCUSSIONS AND/OR VOTES ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE COMMITTEE ON TRUSTEES, A SUB-COMMITTEE OF THE BOARD, USES A CUSTOMIZED SALARY SURVEY EACH YEAR FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE SURVEY LISTS THE SALARIES OF HEADS OF SCHOOL AND FINANCIAL DIRECTORS OF SIX SIMILAR PRIVATE SCHOOLS IN SOUTHERN CALIFORNIA. AFTER REVIEW AND DOCUMENTATION OF THE SALARIES, THE COMMITTEE ON TRUSTEES RECOMMENDS NEXT YEAR'S ANNUAL SALARY FOR THE HEAD OF SCHOOL. WHILE THE ANNUAL SALARY OF THE CHIEF FINANCIAL AND OPERATIONS OFFICER IS SET BY THE HEAD OF SCHOOL, SUCH SALARY LEVEL IS ALSO REVIEWED AND ACKNOWLEDGED BY THE COMMITTEE ON TRUSTEES. BOARD DISCUSSION AND VOTE TO APPROVE ARE THEN TAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE SCHOOL RESPONDS TO ALL REQUESTS FOR THE DOCUMENTATION EITHER BY EMAIL OR ON-SITE VIEWING.