2020-05-12T15:04:19-05:00 2019-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-07-01 943085954 THE CAREY SCHOOL CARE 6503458205 ONE CAREY SCHOOL LANE SAN MATEO CA 944031268 DUNCAN LYON HEAD OF SCHOOL 6503458205 2020-05-04 1 MAGA E KISRIEV P01008919 4157810793 12.201.128.66 2020-05-04 16:18:21 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0FD9DDE82EC6D4B8065AB7615AF10F25757ED51F 2018 2021-01-29 14:40:06Z DUNCAN LYON ONE CAREY SCHOOL LANE SAN MATEO CA 944031268 12358592 0 X WWW.CAREYSCHOOL.ORG X 1928 CA OPERATION OF A PRIMARY CO-EDUCATIONAL SCHOOL FOR GRADES PRESCHOOL THROUGH FIFTH. 23 23 74 280 0 0 906232 3277242 7516131 7809750 52577 73451 100876 158339 8575816 11318782 617361 635181 0 0 5784510 6117023 0 0 236785 1981430 2073600 8383301 8825804 192515 2492978 22710797 24123944 7264842 6037775 15445955 18086169 SPECIALIZING IN ELEMENTARY EDUCATION, THE CAREY SCHOOL INSPIRES CURIOUS, CONFIDENT AND JOYFUL LEARNERS AND CELEBRATES CHILDHOOD IN AN INCLUSIVE, DIVERSE COMMUNITY THAT NURTURES KINDNESS, RESPECT AND PERSONAL RESPONSIBILITY. 0 0 7077309 635181 7815537 THE PRIMARY PROGRAM IS THE EDUCATION OF STUDENTS - VIA THE CLASSROOM, THE AFTERSCHOOL ENRICHMENT PROGRAMS, AND THE AFTER SCHOOL CARE PROGRAM. CURRENTLY 249 STUDENTS ARE ENROLLED AT THE CAREY SCHOOL. APPROXIMATELY 13% OF THE STUDENT BODY, OR 33 STUDENTS ARE SUPPORTED BY FINANCIAL ASSISTANCE WHICH MAY INCLUDE TUITION ASSISTANCE, SUPPORT FOR TUTORING AND OTHER EVALUATIONS, SUPPORT FOR AFTER SCHOOL CARE AND LUNCH. 7077309 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X SUSAN LOVEALL 6503458205 ONE CAREY SCHOOL LANE SAN MATEO CA 94403 GARY KIANG CHAIR 4.00 X X 0 0 0 JEAN CHIANG VICE CHAIR 4.00 X X 0 0 0 JENNIFER CHUNG SECRETARY 4.00 X X 0 0 0 CAROLINE LEE TREASURER 4.00 X X 0 0 0 BRAN BAUM TRUSTEE 4.00 X 0 0 0 HEIDI CHANG TRUSTEE 4.00 X 0 0 0 ELAINE CHEUNG TRUSTEE 4.00 X 0 0 0 VIJAY CULAS TRUSTEE 4.00 X 0 0 0 CLAUDIA DIERKES-BANKS TRUSTEE 4.00 X 0 0 0 ROBERT DYKES TRUSTEE 4.00 X 0 0 0 MINA FISHER TRUSTEE 4.00 X 0 0 0 LINDSAY FOLK TRUSTEE 4.00 X 0 0 0 JACK HERNDON TRUSTEE 4.00 X 0 0 0 ALLISN KEENAN TRUSTEE 4.00 X 0 0 0 ERIC KIM TRUSTEE 4.00 X 0 0 0 KATHY LAYENDECKER TRUSTEE 4.00 X 0 0 0 JULIE LEE TRUSTEE 4.00 X 0 0 0 BILL LENIHAN TRUSTEE 4.00 X 0 0 0 MIKE MARKSON TRUSTEE 4.00 X 0 0 0 CURT METZGER TRUSTEE 4.00 X 0 0 0 KIM PEPPER TRUSTEE 4.00 X 0 0 0 LINDSAY RAMSAY TRUSTEE 4.00 X 0 0 0 CONSUELA STEWART TRUSTEE 4.00 X 0 0 0 DUNCAN LYON HEAD OF SCHOOL 40.00 X 310372 0 59102 SUSAN LOVEALL CFO 40.00 X 201135 0 28046 BARNEY DESROCHES FACULTY 40.00 X 118403 0 19762 CHRIS BASTAIN DIRECTOR OF IT 40.00 X 123492 0 17408 NEELY NORRIS ASSISTANT HEAD OF SCHOOL 40.00 X 106361 0 13036 TRACY WHITE URRUTIA DIRECTOR OF DEVELOPMENT 40.00 X 116272 0 8019 976035 0 145373 6 0 1 0 HKIT ARCHITECTS 538 NINTH STREET 240 NINTH STREET CA 94607 ARCHITECT 393909 EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 FOOD SERVICE 289517 2 223308 3053934 749947 3277242 TUITION 611600 7246389 7246389 EXTENDED CARE PROGRAM FEES 611600 289964 289964 LUNCH INCOME 611710 169537 169537 SUMMER CAMP INCOME 611710 103860 103860 7809750 141907 141907 869995 938451 -68456 -68456 -68456 253911 223308 101359 152552 152552 OTHER INCOME 900099 5787 5787 5787 11318782 7815537 0 226003 635181 635181 598655 369474 229181 4090997 3385906 567329 137762 364351 292038 61600 10713 716897 565240 130922 20735 346123 277428 58518 10177 23273 23273 33700 33700 13621 13621 174129 145378 27938 813 63756 10971 52785 130943 66415 64198 330 95341 91299 3089 953 244310 192999 50633 678 6901 6901 627988 496094 130151 1743 85545 1165 84380 EDUCATIONAL RELATED 254696 254696 LUNCH PROGRAM 228663 228663 DUES, LICENSES, FEES & 39702 39062 544 96 BOARD EXPENSE 18835 18835 32197 25300 6897 8825804 7077309 1511710 236785 9 593 4627709 6090865 14150 692998 48067 36244 400000 400000 108409 126806 18866217 5903759 12410985 12962458 4906226 3639369 195242 174611 22710797 24123944 608975 690578 4773159 5199075 1776868 0 105840 148122 7264842 6037775 X 14382727 14453973 216365 2655515 846863 976681 15445955 18086169 22710797 24123944 2492978 147236 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2019567 129817 116551 2265935 1604745 377195 37627 2019567 1540125 57268 7352 1604745 1469954 66605 3566 1540125 1409247 55782 4925 1469954 0.53770 0.43100 0.03130 0 0 1377534 1377534 15314903 4880563 10434340 1336036 824016 512020 837744 199180 638564 12962458 457(F) DEFERRED COMPENSATION OBLIGATION 148122 148122 X 10765981 147236 147236 10618745 13621 686416 700037 11318782 8125767 0 8125767 13621 686416 700037 8825804 PART V, LINE 4: THE SCHOOL HAS TWO ENDOWMENT FUNDS. ONE IS A BOARD QUASI ENDOWMENT AND THE SECOND IS A PERMANENTLY RESTRICTED ENDOWMENT DESIGNATED FOR OPERATIONS AND SCHOLARSHIPS. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL'S CURRENT ACCOUNTING POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE 635,181. PROGRAM EXPENSES NETTED AGAINST REVENUE 51,235. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE 635,181. PROGRAM EXPENSES NETTED AGAINST REVENUE 51,235. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AS PART OF THE CAL-ISBOA MEMBERSHIP, OUR NONDISCRIMINATORY POLICY IS PUBLISHED ALONG WITH MOST OTHER MEMBER SCHOOLS IN LOCAL AND REGIONALLY PUBLICATIONS AS IS BEST SUITED. THE POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 29, 2019. THE POLICY IS ALSO AVAILABLE ON OUR SCHOOL WEBSITE. CSPA AUCTION 424947 223308 201639 1405 49716 2347 500 34133 WALKFEST 52272 0 52272 92 1190 370 903 10703 477219 223308 253911 1497 50906 2717 1403 44836 101359 152552 1 TUITION ASSISTANCE 33 593693 FINANCIAL AID DAYCARE FEES 33 32000 FINANCIAL AID LUNCH FEES 33 9488 FINANCIAL AID PART I, LINE 2: THE CAREY SCHOOL HAS A NEED BASED TUITION ASSISTANCE PROGRAM. IT IS DETERMINED BY REVIEW OF THE TAX RETURNS AND DETAILED FINANCIAL INFORMATION OF INCOME AND NET WORTH OF THE GRANTEES ON A YEARLY BASIS. X X X X X X 0 1 0 0 0 0 0 0 0 DUNCAN LYON HEAD OF SCHOOL 310372 0 0 0 0 0 49373 0 9729 0 369474 0 0 0 SUSAN LOVEALL CFO 201135 0 0 0 0 0 14280 0 13766 0 229181 0 0 0 PART I, LINE 4B DUNCAN LYON, HEAD OF SCHOOL, PARTICIPATED IN A 457(F) PLAN. DUNCAN LYON HEAD OF SCHOOL HOUSING X 400000 400000 0 1 1 400000 17928 FINANCIAL AID TUITION X 20 749947 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO, THE CHAIR OF THE FINANCE COMMITTEE, THE PRESIDENT OF THE BOARD, AND THE HEAD OF SCHOOL, WHO ULTIMATELY SIGNS THE FORM. BEFORE FILING, THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD THROUGH THE BOARD PORTAL AND NOTATED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C ALL CONFLICTS SHALL BE DISCLOSED BY BOARD MEMBERS TO THE SCHOOL'S EXECUTIVE COMMITTEE WITH THE INTERESTED BOARD MEMBER(S) RECUSED FROM PARTICIPATING IN DEBATES AND VOTING ON THE MATTER. THE EXECUTIVE COMMITTEE SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE, IF ANY. THE CAREY SCHOOL EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF SUCH DETERMINATION AND ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND ALL SHALL RETAIN THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY. ON AN ANNUAL BASIS, ALL BOARD MEMBERS SHALL BE PROVIDED WITH A COPY OF THIS POLICY AND ARE REQUIRED TO COMPLETE AND SIGN THE ACKNOWLEDGEMENT AND DISCLOSURE FORM. THE SECRETARY OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DISTRIBUTING, COLLECTING, AND REVIEWING SIGNED STATEMENTS FROM ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE HEAD OF SCHOOL IS REVIEWED AND SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. EACH YEAR, RELEVANT COMPARABLE DATA IS SECURED AND REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO SETTING THE HEAD OF SCHOOL'S SALARY. EACH YEAR AS PART OF THE BUDGET SETTING AND REVIEW PROCESS, COMPENSATION DATA FROM CAREY'S LOCAL COMPETITOR SCHOOLS VIA THE CAL-ISBOA SURVEY ARE REVIEWED AND ANALYZED AS THE BASIS FOR SETTING COMPENSATION FOR FACULTY/STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).