2020-01-22T17:45:34-06:00 2019-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2018-07-01 942356968 MOUNT TAMALPAIS SCHOOL MTTA 4153839434 100 HARVARD AVENUE MILL VALLEY CA 94941 ANDREW DAVIS HEAD OF SCHOOL 4153839434 2020-01-22 1 ROGER BULOSAN P00221282 4154326200 64.124.51.210 2020-01-22 12:09:31 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8DB6298DFFB9F30D04C102D5853B3391BD590527 2018 2020-09-23 17:36:50Z ANDREW DAVIS 100 HARVARD AVENUE MILL VALLEY CA 94941 18155309 0 X WWW.MTTAM.ORG X 1976 CA ELEMENTARY SCHOOL EDUCATION WITH AN EMPHASIS ON ACADEMIC AND SOCIAL DEVELOPMENT. 17 16 61 240 0 0 1543247 1167602 6627136 7631702 2678915 611287 -97330 171216 10751968 9581807 1297074 1309371 0 0 5322650 4432614 0 0 436375 2291759 3341495 8911483 9083480 1840485 498327 17481068 18463025 6609977 6969389 10871091 11493636 SEE SCHEDULE O. 0 0 6955302 1309371 7842772 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. 6955302 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 1 0 0 1 0 0 0 0 0 0 0 0 1 50 0 1 61 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 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 MICHELLE SARTI TRUSTEE 2.00 X 0 0 0 MARK LOPEZ VICE-PRESIDENT 15.00 X X 0 0 0 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 LEE CARSON 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 KRISTIN SENNETT TRUSTEE 2.00 X 0 0 0 NED PINGER TRUSTEE 2.00 X 0 0 0 NANCY BERNSTEIN TRUSTEE 4.00 X 0 0 0 COURTNEY DELLA CAVA TRUSTEE 2.00 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 ANDREW DAVIS HEAD OF SCHOOL 40.00 X 304300 0 28807 JOELLE DODGE DIRECTOR OF FINANCE 40.00 X 118807 0 19902 ROSEMARIE NICOLINI DIRECTOR OF FACILITIES & OPERATIONS 40.00 X 121994 0 31018 DAVID BAKER HEAD OF MIDDLE SCHOOL 40.00 X 142918 0 37218 ANNE VAN SON DIRECTOR OF DEVELOPMENT 40.00 X 142345 0 25343 ROBERT POTTER FACULTY 40.00 X 118041 0 17433 948405 0 159721 6 0 1 0 FIRST STUDENT 22157 NETWORK PLANCE CHICAGO IL 60673 TRANSPORTATION 482503 AARON PAVING 4308 SANTA ROSA AVE SANTA ROSA CA 95407 CONSTRUCTION 106360 2 174127 993475 205856 1167602 TUITION AND FEES 611110 7631702 7631702 7631702 135196 135196 1000 40854 -39854 -39854 -39854 7214539 1654306 7207975 1184779 6564 469527 476091 476091 139894 174127 139894 0 AUCTION INCOME 611110 139894 139894 RENTAL INCOME 611110 40854 40854 MISCELLANEOUS INCOME 611110 30322 30322 211070 9581807 7842772 0 571433 1309371 1309371 356529 67467 254720 34342 2635913 1780406 695235 160272 1440172 1161181 231553 47438 13848 13848 46870 46870 92361 76318 12541 3502 177195 111164 62543 3488 68632 57050 8407 3175 308646 212920 82602 13124 65957 48408 14565 2984 FINANCIAL AID AND DISCO 976851 976851 0 0 TRANSPORTATION 456733 456733 0 0 OUTSIDE SERVICES 233164 233164 0 0 CURRICULUM AND SUPPLIES 189777 189777 0 0 711461 274492 268919 168050 9083480 6955302 1691803 436375 4194509 2223241 119400 13320 1988031 2459017 6545 8018 156683 169505 11511818 5374925 6167729 6136893 3670604 7453031 1177567 0 17481068 18463025 927410 772034 5680467 6197355 2100 0 6609977 6969389 X 6655456 7476033 1155860 957828 3059775 3059775 10871091 11493636 17481068 18463025 498327 124218 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3670604 224052 165412 3729244 3607375 263232 200003 3670604 4867693 339682 1600000 3607375 4662614 60588 144491 4867693 5585429 10695 198315 1131825 4662614 0.00000 0.82000 0.18000 0 0 1307434 1307434 9379097 4689775 4689322 805972 685150 120822 19315 19315 6136893 X 8215906 124218 124218 8091688 1490119 1490119 9581807 7593361 0 7593361 1490119 1490119 9083480 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF INDIVIDUAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES. THE ENDOWMENT MAY INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES 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 THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (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 FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS 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. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO THE SPENDING POLICY 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 DONOR-SPECIFIED PERIODS. THE SCHOOL'S CURRENT INVESTMENT POLICY CALLS FOR TARGET ASSET ALLOCATION OF 70% EQUITIES AND 30% BONDS. 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 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. ACCORDINGLY, THE SCHOOL IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. 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 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 1,309,371. AUCTION INCOME NETTED AGAINST AUCTION EXPENSES 139,894. RENTAL INCOME NETTED AGAINST RENTAL EXPENSES 40,854. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION 1,309,371. AUCTION INCOME NETTED AGAINST AUCTION EXPENSES 139,894. RENTAL EXPENSE 40,854. 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 WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 29, 2019. AUCTION 314021 174127 139894 14427 77002 8058 40407 314021 174127 139894 14427 77002 8058 40407 139894 0 1 TUITION ASSISTANCE 55 1309371 TUITION 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 304300 0 0 0 0 0 12347 0 16460 0 333107 0 0 0 ROSEMARIE NICOLINI DIRECTOR OF FACILITIES & OPERATIONS 121994 0 0 0 0 0 6426 0 24592 0 153012 0 0 0 DAVID BAKER HEAD OF MIDDLE SCHOOL 142918 0 0 0 0 0 7603 0 29615 0 180136 0 0 0 ANNE VAN SON DIRECTOR OF DEVELOPMENT 142345 0 0 0 0 0 7350 0 17993 0 167688 0 0 0 KRISTIN SENNETT BOARD OF DIRECTOR 18115 MS. SENNETT WAS THE SELLING AGENT ON REAL PROPERTY THAT WAS SOLD AND HER COMPANY RECEIVED A COMMISSION FROM THE SALE. MS. SENNETT DONATED APPROXIMATELY 41% OF THE COMMISSION BACK TO THE SCHOOL. 0 X 9 206861 QUOTED STOCK PRICE X LANDSCAPING - ARTIFICIAL TURF 1 18400 FMV X PROJECTOR AND SCREEN AND PORTABLE SOCCER GOALS 3 1664 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 BOARD OF TRUSTEES. THE BOARD OF TRUSTEES APPROVE THE FORM 990 BEFORE IT IS FINALIZED. 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 2018. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OR A SUBCOMMITTEE APPROVED THE HEAD OF SCHOOL'S COMPENSATION. 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.