2020-07-12T11:53:25-05:00 2019-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-07-01 941622034 URBAN SCHOOL OF SAN FRANCISCO URBA 4156262919 1563 PAGE STREET SAN FRANCISCO CA 94117 DIANE WALTERS CFO 4156262919 2020-05-18 1 MAGA E KISRIEV P01008919 4157810793 12.201.128.66 2020-05-18 13:17:57 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0FD9DDE82EC6D4B8065AB7615AF10F25757ED51F 2018 2020-09-23 17:36:50Z MARK SALKIND 1563 PAGE STREET SAN FRANCISCO CA 94117 28088308 0 X WWW.URBANSCHOOL.ORG X 1966 CA THE SCHOOL PROVIDES COLLEGE PREPARATORY SECONDARY EDUCATION IN GRADES 9 THROUGH 12. 25 25 229 505 0 0 2995828 6086959 19812881 20722329 418681 580249 74178 70077 23301568 27459614 3881804 3897520 0 0 10750121 11171276 5791 5303 622091 7998229 7948674 22635945 23022773 665623 4436841 75913597 78951718 39088440 37553802 36825157 41397916 X THE URBAN SCHOOL OF SAN FRANCISCO SEEKS TO IGNITE A PASSION FOR LEARNING, INSPIRING ITS STUDENTS TO BECOME SELF-MOTIVATED, ENTHUSIASTIC PARTICIPANTS IN THEIR EDUCATION - BOTH IN HIGH SCHOOL AND BEYOND. 0 0 19223128 3897520 20740807 FOUNDED IN 1966, URBAN OFFERS A DEMANDING COLLEGE PREPARATORY PROGRAM IN THE ARTS, ENGLISH, HISTORY, LANGUAGES, SCIENCES AND MATHEMATICS. INCOMING STUDENTS ARE ISSUED STATE-OF-THE-ART LAPTOP COMPUTERS FOR SCHOOL AND HOME USE TO HELP FULLY INTEGRATE TECHNOLOGY INTO THE CURRICULUM. THE SCHOOL FIELDS INTERSCHOLASTIC TEAMS IN MANY SPORTS AND PROVIDES NUMEROUS EXTRACURRICULAR OPPORTUNITIES FOR STUDENT LEADERS, WRITERS AND PERFORMERS. THROUGH FIELDWORK, COMMUNITY SERVICE AND INTERNSHIPS, STUDENTS EXPLORE AND CONTRIBUTE TO OUR OWN HAIGHT-ASHBURY NEIGHBORHOOD, AS WELL AS TO THE LARGER COMMUNITY. URBAN HAS A FACULTY OF 55 FULL- AND PART-TIME TEACHERS AND 420 STUDENTS IN GRADES 9 THROUGH 12. THE TEACHER-STUDENT RATIO IS 1:9. THE URBAN SCHOOL OF SAN FRANCISCO IS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC), AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS (CAIS), THE COUNCIL FOR THE ADVANCEMENT AND SUPPORT OF EDUCATION (CASE), AND THE SECONDARY SCHOOL ADMISSION TEST BOARD. URBAN IS ALSO A MEMBER OF A BETTER CHANCE (ABC), THE BAY COUNTIES LEAGUE (BCL).THE URBAN SCHOOL OF SAN FRANCISCO ADMITS STUDENTS WITHOUT REFERENCE TO RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AID PROGRAM, ATHLETIC OR SCHOOL-ADMINISTERED PROGRAMS. 19223128 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 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 100 0 1 229 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DIANE WALTERS 4156262919 1563 PAGE STREET SAN FRANCISCO CA 941172017 EVE NIQUETTE CHAIR 5.00 X X 0 0 0 ANN FISCHER-HECHT VICE CHAIR 3.00 X X 0 0 0 REGAN PRITZKER VICE CHAIR 3.00 X X 0 0 0 MARK WEHRLY VICE CHAIR 3.00 X X 0 0 0 SHANNON COGEN SECRETARY 3.00 X X 0 0 0 ROBERT ROSNER TREASURER 3.00 X X 0 0 0 LUCIA CHOI-DALTON TRUSTEE 2.00 X 0 0 0 ED COLLOTON TRUSTEE 2.00 X 0 0 0 DRUSIE DAVIS TRUSTEE 2.00 X 0 0 0 CHRISTINA FOX TRUSTEE 2.00 X 0 0 0 LISA HARTWIG TRUSTEE 2.00 X 0 0 0 JOHN HAYASHI TRUSTEE 2.00 X 0 0 0 ROBERT HOHMAN TRUSTEE 2.00 X 0 0 0 SERINA LOPEZ TRUSTEE 2.00 X 0 0 0 SUSAN MASTO TRUSTEE 2.00 X 0 0 0 MEAGAN NYE TRUSTEE 2.00 X 0 0 0 MISHA OLIVAS TRUSTEE 2.00 X 0 0 0 WARRINGTON PARKER TRUSTEE 2.00 X 0 0 0 CHRIS RIDLEY TRUSTEE 2.00 X 0 0 0 GRETCHEN SANDLER TRUSTEE 2.00 X 0 0 0 CARLA SILVER TRUSTEE 2.00 X 0 0 0 SCOTT SKLAR TRUSTEE 2.00 X 0 0 0 CLAIRE SOLOT TRUSTEE 2.00 X 0 0 0 DAN SPRINGER TRUSTEE 2.00 X 0 0 0 DEANN WRIGHT TRUSTEE 2.00 X 0 0 0 MARK SALKIND HEAD OF SCHOOL 50.00 X 486145 0 35046 DIANE WALTERS CFO 50.00 X 258975 0 15305 KARI KIERNAN SECRETARY 37.50 X 94921 0 14684 CHARLOTTE WORSLEY ASSISTANT HEAD FOR STUDENT LIFE 40.00 X 182333 0 25526 JONATHAN HOWLAND DEAN OF FACULTY 40.00 X 173100 0 24739 ANNA LEE DEVELOPMENT DIRECTOR 40.00 X 170283 0 23749 GEOFF RUTH ACADEMIC DEAN 40.00 X 156178 0 19166 LAUREN E GERSICK DIRECTOR OF COLLEGE COUNSELING 40.00 X 127044 0 16148 1648979 0 174363 26 0 1 0 HINES SERVICE INC 91 LOST LAKE LANE CAMPBELL CA 95008 FACILITY SUPPORT 660033 FLIK INTERNATIONAL CORPORATION PO BOX 50196 LOS ANGELES CA 900740196 CAFETERIA SERVICES 492915 CYO TRANSPORTATION SERVICES 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94105 TRANSPORTATION 450865 BASELINE HOMES 638 PARNASSUS AVE SAN FRANCISCO CA 94122 CONSTRUCTION SERVICES 307237 INTERFACE ENGINEERING INC DEPT LA 23753 PASADENA CA 911853753 CONSTRUCTION SERVICES 181452 7 104573 5982386 479770 6086959 TUITION AND FEES 611600 19636237 19636237 TRANSPORTATION 611600 249460 249460 SALES REVENUE 611600 98503 98503 TRIPS REVENUE 611600 87565 87565 GRADUATION EVENTS 611600 30105 30105 620459 620459 20722329 580232 580232 69010 66791 2219 2219 2219 479787 479770 17 17 17 121513 104573 82133 39380 39380 10000 0 10000 10000 MISCELLANEOUS REVENUE 900099 18478 18478 18478 27459614 20740807 0 631848 3897520 3897520 962279 204662 621176 136441 8318633 7580095 569141 169397 441028 392165 23387 25476 803506 692963 68371 42172 645830 552665 59035 34130 47566 47566 50919 50919 5303 5303 393921 226681 157424 9816 47037 29202 4820 13015 2829066 2025528 694198 109340 127554 94992 20632 11930 1483875 1399705 64264 19906 63595 48754 9480 5361 63994 50743 8472 4779 658011 658011 1979811 1861192 92973 25646 147992 140469 5738 1785 PROFESSIONAL MEMBERSHIP 45089 25016 12719 7354 BAD DEBT EXPENSE 8879 8879 1365 776 349 240 23022773 19223128 3177554 622091 7114955 6535989 833490 3428897 486639 1093055 8653984 8238363 588492 723986 54112716 15551991 39583094 38560725 18652943 20370703 75913597 78951718 2175755 1760673 16161482 16693888 20751203 19099241 39088440 37553802 X 29972538 31649995 4882025 7171727 1970594 2576194 36825157 41397916 75913597 78951718 4436841 135918 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10444916 1337884 404529 332873 11854456 9523538 452467 782061 313150 10444916 8253509 410670 1152673 293314 9523538 8172681 295542 -53062 161652 8253509 7941474 496500 -33065 232228 8172681 0.71950 0.21730 0.06320 0 0 400000 1760455 2160455 830549 45484304 12007474 34307379 11895 1287121 548138 750878 18862 3461439 2880561 599740 858091 115818 742273 38560725 X 23882797 135918 -3779593 -3643675 27526472 -67 -66791 -66858 27459614 19310038 66791 66791 19243247 -67 3779593 3779526 23022773 PART V, LINE 4: THE SCHOOL'S ENDOWMENT WAS ESTABLISHED TO GENERATE GENERAL OPERATING SUPPORT TO THE ORGANIZATION. IT IS COMPOSED OF THE DONOR-RESTRICTED ENDOWMENT AND THE BOARD DESIGNATED ENDOWMENT. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAD CONCLUDED THAT AS OF JUNE 30, 2019, THE SCHOOL HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE INCLUDED WITH REVENUE ON FINANCIALS -3,779,593. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -66,791. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 66,791. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE INCLUDED WITH REVENUE ON FINANCIALS 3,779,593. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 17, 2019. ANNUAL AUCTION 226086 104573 121513 29409 34166 6065 12493 226086 104573 121513 29409 34166 6065 12493 82133 39380 1 FINANCIAL AID 120 3897520 PART I, LINE 2 URBAN SCHOOL SUBSCRIBES TO NAIS SCHOOL AND STUDENT SERVICES (SSS), FOR FINANCIAL AID SERVICE. AFTER FAMILIES SUBMIT DETAILED FINANCIAL INFORMATION, SSS ANALYZES THE DATA AND RECOMMENDS AN AMOUNT THAT EACH FAMILY CAN EXPECT TO PAY FOR EDUCATIONAL EXPENSES. URBAN'S FINANCIAL AID COMMITTEE, WHICH IS NOT A BOARD COMMITTEE, USES THIS FIGURE AS THE STARTING POINT FOR ITS FINANCIAL AWARD CALCULATIONS. FAMILIES MUST ALSO SUBMIT 2 YEARS OF THEIR MOST RECENT FEDERAL TAX FORM 1040. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MARK SALKIND HEAD OF SCHOOL 398955 0 0 0 87190 0 19250 0 15796 0 521191 0 0 0 DIANE WALTERS CFO 258975 0 0 0 0 0 14263 0 1042 0 274280 0 0 0 CHARLOTTE WORSLEY ASSISTANT HEAD FOR STUDENT LIFE 182333 0 0 0 0 0 12915 0 12611 0 207859 0 0 0 JONATHAN HOWLAND DEAN OF FACULTY 173100 0 0 0 0 0 12178 0 12561 0 197839 0 0 0 ANNA LEE DEVELOPMENT DIRECTOR 170283 0 0 0 0 0 10470 0 13279 0 194032 0 0 0 GEOFF RUTH ACADEMIC DEAN 156178 0 0 0 0 0 11086 0 8080 0 175344 0 0 0 PART I, LINE 1A MARK SALKIND, THE CEO/HEAD OF SCHOOL, RECEIVED $87,190 HOUSING ALLOWANCE. THE AMOUNT WAS INCLUDED IN HIS W-2 WAGES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2015-06-19 7200000 SEE PART VI FOR DESCRIPTION OF PURPOSE 0 0 0 B CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2016-06-30 12800000 SEE PART VI FOR DESCRIPTION OF PURPOSE 0 0 0 A 7200000 1 0 1 1 B 12800000 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 SCHEDULE K, PART I, COLUMN (F): ON JUNE 19, 2015, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH FIRST REPUBLIC BANK (THE BANK) AND CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY (THE AUTHORITY) FOR A TAX-EXEMPT LOAN (THE LOAN) IN THE AMOUNT OF $20,000,000. THE LOAN PROCEEDS ARE FUNDED BY THE BANK THROUGH THE AUTHORITY AND THE SCHOOL MAKES THE BORROWING DRAWS AS NEEDED TO: (I) REFINANCE THE SCHOOL'S OBLIGATIONS (THE PRIOR LOAN) UNDER TAX EXEMPT BONDS ISSUED BY THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY THEN OUTSTANDING IN THE AMOUNT OF $7,200,000 (SERIES A). (II) FINANCE THE NORTH CAMPUS EXPANSION AND CAPITAL UPGRADES TO THE EXISTING CAMPUS IN THE AMOUNT OF $12,800,000 (SERIES B), INCLUDING FINANCE RELATED TRANSACTION COSTS OF $316,000 WHICH WERE CAPITALIZED. THE SCHOOL'S PAYMENT OBLIGATIONS UNDER THE LOAN FROM THE AUTHORITY ARE ASSIGNED TO THE BANK. AS OF JUNE 30, 2019 THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES A BORROWING AMOUNTED TO $6,574,785. THE SERIES A LOAN BEARS A FIXED RATE OF 3.25%, IS FULLY AMORTIZED, REQUIRES ANNUAL PAYMENTS OF PRINCIPAL AND INTEREST OF $375,000 TO BE PAID MONTHLY, AND MATURES ON JUNE 1, 2045. THE LOAN IS COLLATERALIZED BY REAL PROPERTY LOCATED AT 1563 PAGE STREET, SAN FRANCISCO, CA 94117, PERFECTED THROUGH A FIRST DEED OF TRUST. AS OF JUNE 30, 2019, THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES B BORROWING AMOUNTED TO $12,498,636. THE SERIES B LOAN BEARS A FIXED RATE OF 3.25%, AND WAS INTEREST ONLY FOR THE FIRST 3 YEARS. ANNUAL PRINCIPAL AND INTEREST PAYMENTS OF $713,000 BEGAN ON JULY 1, 2018 AND CONTINUE THROUGH LOAN MATURITY ON JUNE 1, 2045. THE SCHOOL ALSO ENTERED INTO A SERIES C LOAN WITH FIRST REPUBLIC BANK FOR A $2,000,000 NON-REVOLVING LINE OF CREDIT FOR THE NORTH CAMPUS EXPANSION TO BRIDGE THE TIMING BETWEEN COLLECTING OUTSTANDING PLEDGES AND INCURRING CONTRACTOR EXPENSES. THE SERIES C LOAN BEARS A VARIABLE RATE OF LIBOR PLUS 1.5% AND MUST BE FULLY REPAID BY JUNE 2020. AS OF JUNE 30, 2019, THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES C BORROWING AMOUNTED TO $299,820. THE LOAN COVENANTS REQUIRED OF THE SCHOOL ARE TO MAINTAIN MINIMUM DEBT SERVICE COVERAGE RATIO AND MINIMUM LIQUIDITY. MANAGEMENT BELIEVES THAT THE SCHOOL WAS IN COMPLIANCE WITH SUCH FINANCIAL COVENANTS AT JUNE 30, 2019. 71022 FINANCIAL AID X 20 479770 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 4 THE AMENDED BYLAWS MADE CHANGES TO TRUSTEE TERM LIMITS: TRUSTEES ARE SUBJECT TO TERM LIMITS, AND MAY NOT SERVE MORE THAN TWO (2) CONSECUTIVE THREE-YEAR (3-YEAR) TERMS, EXCEPT THAT, IN THE BOARD'S DISCRETION, A TRUSTEE MAY BE ELECTED TO A THIRD CONSECUTIVE THREE-YEAR (3-YEAR) TERM PROVIDED THAT NO MORE THAN FOUR (4) TRUSTEES ARE SERVING A THIRD THREE-YEAR (3-YEAR) TERM AT ANY TIME. FORM 990, PART VI, SECTION B, LINE 11B HOOD & STRONG FORWARDED THE FORM 990 TO THE CFO AND THE CONTROLLER. THE CFO AND CONTROLLER PROVIDED THE FORM 990 TO THE HEAD OF SCHOOL AND THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. A COPY OF THE FORM 990 EXCLUDING SCHEDULE B WAS PROVIDED TO THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES FOR REVIEW. GIVEN THE CONFIDENTIAL NATURE OF BOTH THE AMOUNT OF GIFTS TO THE SCHOOL, AS WELL AS IN SOME CASES THE NAMES OF DONORS, THE SCHOOL BELIEVES THAT TO MAKE THIS INFORMATION AVAILABLE TO PERSONS OTHER THAN THOSE ORIGINALLY CONTEMPLATED BY THE DONOR WOULD CONSTITUTE A BREACH OF TRUST. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL WILL REQUIRE ALL TRUSTEES AND OFFICERS TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY, AND TO COMPLETE AND SIGN A CONFIDENTIAL CONFLICT OF INTEREST STATEMENT AND RETURN IT TO THE HEAD'S OFFICE. THE HEAD WILL ANNUALLY MAKE A REPORT TO THE EXECUTIVE COMMITTEE BASED ON THE DISCLOSURE FORMS SUBMITTED. TRUSTEES SHOULD AMEND THEIR STATEMENT IF CIRCUMSTANCES ARISE DURING THE YEAR. THE CFO FOLLOWS UP WITH THE BOARD SECRETARY DURING THE YEAR, TO ENSURE FORMS ARE RETURNED IN A TIMELY MANNER AND NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND DISCUSSES COMPENSATION AND BENEFITS FOR THE HEAD OF SCHOOL AND CFO. OUTSIDE CONSULTANTS ARE HIRED WHEN NECESSARY TO ASSESS COMPENSATION OF SIMILAR POSITIONS. ANNUALLY, THE COMMITTEE REVIEWS COMPENSATION SURVEYS COMPILED BY LOCAL AND NATIONAL INDEPENDENT SCHOOL ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. THE 1565 BLUES LLC 1563 PAGE STREET SAN FRANCISCO CA 94117 941622034 ACQUIRING, OWNING, OPERATING AND HOLDING REAL PROPERTY AT 1565 PAGE ST. CA 69010 999128 URBAN SCHOOL OF SAN FRANCISCO