2020-06-10T17:21:31-05:00 2019-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2018-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING COO 4152020770 2020-05-27 1 ROGER BULOSAN P00221282 4154326200 144.121.95.190 2020-05-27 20:10:50 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8DB6298DFFB9F30D04C102D5853B3391BD590527 2018 2020-09-22 18:59:49Z CHRIS LIVACCARI 250 10TH STREET SAN FRANCISCO CA 94103 19711361 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 20 132 300 0 0 5525277 8004766 9813359 11258487 149613 129106 362383 319002 15850632 19711361 1060288 1097072 0 0 8023061 8725514 0 0 432032 3639799 3396665 12723148 13219251 3127484 6492110 45870543 61449902 27194557 37281547 18675986 24168355 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 9516606 1097072 10140015 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 2018/2019 SCHOOL YEAR, THE SCHOOL HAD PRESCHOOL, KINDERGARTEN, 1ST, 2ND, 3RD, 4TH, 5TH AND 6TH GRADES. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. 9516606 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 57 0 1 132 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 ANU MENON TRUSTEE 5.00 X 0 0 0 CHASSE CARROLL TRUSTEE 5.00 X 0 0 0 CHENG-LING CHEN VICE CHAIR 5.00 X X 0 0 0 DAVE GEBALA 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 SECRETARY 5.00 X X 0 0 0 AMY LIAW TRUSTEE 5.00 X 0 0 0 LAURA NADLER 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 MELODY MECKFESSEL TRUSTEE 5.00 X 0 0 0 MIKE KIM TRUSTEE 5.00 X 0 0 0 RACHEL BORDOLI TRUSTEE 5.00 X 0 0 0 RANEE LAN CHAIR 5.00 X X 0 0 0 ROBERT ZIVNUSKA TRUSTEE 5.00 X 0 0 0 SHERYL NICOL TRUSTEE 5.00 X 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL (FR JULY 2018) 40.00 X 146667 0 4667 DAVID LESSING COO 40.00 X 225794 0 7698 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 40.00 X 169000 0 8090 SIMONA CHONGO HEAD OF PRESCHOOL 40.00 X 133240 0 7732 JUDITH FOX INTERIM HEAD (TO JUNE 2018) 40.00 X 227117 0 2271 901818 0 30458 5 1 1 0 PLANT CONSTRUCTION CO 300 NEW HALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION AND RENOVATION 4076211 STUDIO BONDY ARCHITECTURE 110 LINDEN STREET OAKLAND CA 94607 DESIGN AND RENOVATION MANAGEMENT 731984 MEYLAN CONSTRUCTION 3145 KERNER BLVD SUITE A SAN RAFAEL CA 94901 CONSTRUCTION AND RENOVATION 649070 COMPASS FINANCIAL COMMUNICATIONS 555 4TH STREET UNIT 107 SAN FRANCISCO CA 94107 COMMUNICATIONS MANAGEMENT 131250 PROJECT FOCUS MANAGEMENT 2 THEATER SQUARE SUITE 218 ORINDA CA 94563 CONSTRUCTION PROJECT MANAGEMENT 109513 5 8004766 426788 8004766 TUITION AND FEES 611600 11258487 11258487 11258487 129106 129106 PRESCHOOL FOR ALL FUNDING 611600 312282 312282 OTHER INCOME 900099 6720 6720 319002 19711361 11577489 0 129106 1097072 1097072 552378 195600 248052 108726 6634652 5463289 1159340 12023 41966 34903 7285 -222 977295 510532 460873 5890 519223 405536 105909 7778 47023 47023 39758 39758 203426 40564 144394 18468 470778 12507 452014 6257 413994 314635 95219 4140 215943 189329 26614 318047 241716 73151 3180 539810 410256 124156 5398 OTHER EXPENSES 592083 44864 286825 260394 EDUCATIONAL SUPPLIES 555803 555803 13219251 9516606 3270613 432032 5913236 6358401 10028 10788 985031 468720 5932116 4832050 233163 477294 51420992 2118343 32796969 49302649 45870543 61449902 2578287 9470273 7173757 9514467 17226613 17081166 215900 1215641 27194557 37281547 X 16135561 23613462 2540425 554893 18675986 24168355 45870543 61449902 X 6492110 -999741 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15503707 15503707 35819035 2069778 33749257 96632 46947 49685 1618 1618 0 49302649 INTEREST RATE SWAP 1215641 1215641 X 18614289 -1097072 -1097072 19711361 0 19711361 13121920 999741 999741 12122179 1097072 1097072 13219251 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, 2019, 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 -1,097,072. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 999,741. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS NETTED AGAINST TUITION 1,097,072. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE PUBLISH A NON-DISCRIMINATORY STATEMENT IN THE SAN FRANCISCO CHRONICLE IN MAY OF EACH YEAR, AS PART OF THE CAL-ISBOA GROUP. COPY AVAILABLE ON REQUEST. 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 7813032 18468 7794564 7813032 18468 7794564 1 TUITION ASSISTANCE / FINANCIAL AID AWARDS 32 470397 FMV REDUCTION IN TUITION BILLING. TUITION REMISSION / STAFF TUITION DISCOUNTS 14 298825 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, TUITION CREDITS 46 301350 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM, ANNUAL TUITION CREDITS 106 26500 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 1 1 X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER LIVACCARI HEAD OF SCHOOL (FR JULY 2018) 146667 0 0 0 0 0 1467 0 3200 0 151334 0 0 0 DAVID LESSING COO 199544 0 26250 0 0 0 2258 0 5440 0 233492 0 0 0 MICHAEL LEVY HEAD OF MIDDLE SCHOOL 169000 0 0 0 0 0 1690 0 6400 0 177090 0 0 0 JUDITH FOX INTERIM HEAD (TO JUNE 2018) 227117 0 0 0 0 0 2271 0 0 0 229388 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 26202 TUITION ASSISTANCE DISCOUNTED TUITION DAVID LESSING COO 31959 TUITION REMISSION DISCOUNTED TUITION FRIENDS OF PKS LLC BOARD TRUSTEE 3500000 TO REFINANCE PURCHASE PRICE AND ASSIST IN FINANCING COSTS. 0 BOARD MEMBERS CONTRIBUTIONS BOARD TRUSTEES/BOARD MEMBERS 5174326 CONTRIBUTIONS 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 (CURRENT TRUSTEE), DAVID NADLER (SPOUSE OF A CURRENT 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 426788 FMV 0 1 0 FORM 990, PART III, LINE 3 THE SCHOOL ADDED 6TH GRADE DURING SCHOOL YEAR 2018/2019. ADDITIONAL GRADE LEVEL WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. FORM 990, PART VI, SECTION A, LINE 2 THERE ARE 4 CURRENT TRUSTEES AND 4 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 -999,741. 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