2019-11-13T10:34:26-06:00 2019-06-30 341884125 CBIZ MHM LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2018-07-01 861061606 PACIFIC RIDGE SCHOOL PACI 7604489820 6269 EL FUERTE STREET CARLSBAD CA 92009 STEPHANIE HOLLY CFO/COO 7604489820 2019-11-13 1 AMY A O'LOUGHLIN P00869687 6022646835 2019-11-07 12.221.96.220 2019-11-13 10:32:45 MS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1212D86953DF9911D4E957E54162B84DD93DFAA7 2018 2020-04-17 16:48:07Z ROBERT OGLE 6269 EL FUERTE CARLSBAD CA 92009 29247534 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. 19 11 212 80 0 0 3239404 3107098 19896703 21246606 63522 98867 20335 105130 23219964 24557701 3406709 3601214 0 0 11429694 11865396 0 0 828893 9212622 9221928 24049025 24688538 -829061 -130837 70025982 69857180 46180093 46223227 23845889 23633953 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 23141962 3601214 21246606 IN THE 2018-2019 ACADEMIC YEAR, PACIFIC RIDGE SCHOOL INCREASED ENROLLMENT TO 616 STUDENTS IN GRADES 7-12 FROM 589 STUDENTS IN THE 2017-2018 ACADEMIC YEAR. SCHOOL LEADERSHIP RECOGNIZES THE VALUE TO STUDENTS OF COMBINING FIRST-RATE CLASSROOM ACADEMICS WITH SERVICE LEARNING GROUPS, 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 72% OF OUR FACULTY HOLD ADVANCED DEGREES AND AN AVERAGE 8:1 STUDENT-TO-TEACHER RATIO SUPPORTS COMPREHENSION AND ADVANCEMENT. PARTICIPATION IN ONE OF THE SCHOOL'S 44 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 58 COUNTRIES ON 6 CONTINENTS.PACIFIC RIDGE OFFERS 34 UPPER SCHOOL ART 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 49 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. 23141962 1 1 0 0 0 0 0 0 0 0 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 53 0 1 212 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 11 0 0 1 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 STEVE NETZLEY 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 MIKE COIT TRUSTEE 1.00 X 0 0 0 CLAUDIO COLMIGNOLI 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 ANDY LAATS TRUSTEE 10.00 X 0 0 0 KIRK MALLOY TRUSTEE 5.00 X 0 0 0 AMY MONTEPARTE TRUSTEE 5.00 X 0 0 0 DAVID RAMSAY TRUSTEE 5.00 X 0 0 0 LAING RIKKERS TRUSTEE 1.00 X 0 0 0 BRENT RIVARD TRUSTEE 1.00 X 0 0 0 SHARI SAPP TRUSTEE 5.00 X 0 0 0 WILLIAM STICKNEY TRUSTEE 1.00 X 0 0 0 ROBERT OGLE HEAD OF SCHOOL 40.00 X 342843 0 35009 ROBERT BUSCHER CFO/COO 40.00 X 225751 0 32677 RACHEL PETRELLA DIR OF COLLEGE GUIDANCE 40.00 X 141295 0 17122 ALLEGRA MOLINEAUX HEAD OF UPPER SCHOOL 40.00 X 119900 0 13296 WILLIAM MAYNARD DIRECTOR OF IT 40.00 X 129459 0 29628 TIM BETZALA DEAN OF FACULTY 40.00 X 122992 0 12004 CATHRYN FLYNN CONTROLLER 40.00 X 123454 0 14185 1205694 0 153921 15 0 1 0 ARCC 242 REDWOOD HWY MILL VALLEY CA 94941 GLOBAL EDU TOUR GUIDES 481540 MILLENNIUM TRAVEL 1805 MARION AVE NOVATO CA 94945 GLOBAL EDU TOUR GUIDES 468824 BUSY B'S 2588 EL CAMINO REAL 355 CARLSBAD CA 92008 JANITORIAL 269301 WESS TRANSPORTATION PO BX 462788 ESCONDIDO CA 92046 BUS TRANSPORTATION 226245 TOM NAGLER LLC 2565 VIA MERANO DEL MAR CA 92014 FOOD SERVICES 189567 9 3107098 185264 3107098 EDUCATION PROGRAM 611600 21246606 21246606 21246606 104604 104604 28772 6096 22676 22676 22676 4678000 4679965 3772 -1965 -3772 -5737 -5737 PARENTS ASSOCIATION 611110 82454 82454 82454 24557701 21246606 0 203997 3601214 3601214 563302 313858 204128 45316 9128313 8482532 243778 402003 477216 433922 21925 21369 971557 896022 29803 45732 725008 664189 28079 32740 18559 7177 11147 235 44450 44450 306445 147510 158935 317550 307959 6271 3320 152895 150422 1264 1209 912599 887489 20482 4628 3458 2177 972 309 139423 107122 28402 3899 1019555 993352 20901 5302 2513210 2454764 46133 12313 215744 206061 6521 3162 EDUCATIONAL TRAVEL 1593774 1593774 STUDENT ACTIVITIES 1079789 1079789 ATHLETIC EXPENSES 489372 489372 TRANSPORTATION 183267 183267 231838 139990 3427 88421 24688538 23141962 717683 828893 X 363655 486400 12762434 14173484 2607172 2720169 4342104 4596967 147299 305498 66526149 18951487 49803318 47574662 70025982 69857180 1679580 1740540 15592332 16174217 22704486 22141470 6167000 6167000 36695 0 46180093 46223227 X 18504009 16419813 5341880 7214140 23845889 23633953 70025982 69857180 X -130837 8901 -90000 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9666220 9666220 43243812 10733166 32510646 7304474 4418110 2886364 5259283 3602990 1656293 1052360 197221 855139 47574662 X 18660089 6096 6096 18653993 5903708 5903708 24557701 17431834 6096 6096 17425738 7262800 7262800 24688538 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, 2019, THE FEDERAL STATUTE OF LIMITATIONS REMAINS OPEN FOR THE 2016 THROUGH 2019 TAX YEARS. THE STATUTE OF LIMITATIONS FOR THE STATE INCOME TAX RETURNS REMAINS OPEN FOR THE 2015 THROUGH 2019 TAX YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN REVENUE 6,096. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CAMPAIGN RELATED SUPPORT 1,994,098. INTEREST AND DIVIDEND INCOME 104,604. NET REALIZED INVESTMENT LOSSES -1,965. LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT -3,772. TUITION AND TRAVEL RELATED ASSISTANCE 3,601,214. PARENTS ASSOCIATION EXPENSES 79,237. BAD DEBT EXPENSES 40,292. ESTIMATED UNCOLLECTIBLE PLEDGES 90,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN REVENUE 6,096. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION AND AMORTIZATION 2,513,209. INTEREST EXPENSE 1,028,848. TUITION AND TRAVEL RELATED ASSISTANCE 3,601,214. PARENTS ASSOCIATION EXPENSES 79,237. BAD DEBT EXPENSES 40,292. 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 GLOBAL EDUCATION 1674 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES GLOBAL EDUCATION 23767 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES GLOBAL EDUCATION 34425 0 0 0 0 0 0 59866 0 59866 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. 1 TRAVEL ASSISTANCE 212631 TUITION ASSISTANCE 3388583 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 307733 0 34480 0 630 0 13728 0 21281 0 377852 0 0 0 ROBERT BUSCHER CFO/COO 222979 0 0 0 2772 0 11446 0 21231 0 258428 0 0 0 RACHEL PETRELLA DIR OF COLLEGE GUIDANCE 140644 0 0 0 651 0 7193 0 9929 0 158417 0 0 0 WILLIAM MAYNARD DIRECTOR OF IT 128332 0 0 0 1127 0 6702 0 22926 0 159087 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 2707940 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 CFO/COO PART V X 250000 250000 0 1 1 BILL KEITEL PART V PART V X 500000 500000 0 1 1 KIRK MALLOY TRUSTEE PART V X 550000 550000 0 1 1 C MALONEY PART V PART V X 250000 250000 0 1 1 STEVE NETZLEY TRUSTEE PART V X 500000 500000 0 1 1 JORI POTIKER FORMER TRUSTEE PART V X 750000 750000 0 1 1 ROBERT REGNERY FORMER TRUSTEE 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 HEAD OF SCHOOL 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 250000 250000 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: 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: CHAIR(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: $750,000(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, 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 15 185264 HI/LOW AVERAGE 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 A, LINE 4 THE ORGANIZATION AMENDED AND RESTATED ITS BYLAWS DURING THE TAX YEAR. THE TERM OF OFFICE FOR TRUSTEES WAS EXTENDED ONE YEAR AND THE NUMBER OF TERMS A TRUSTEE CAN SERVE CONSECUTIVELY WAS SET. 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. FORM 990, PART XI, LINE 9: ESTIMATED UNCOLLECTIBLE PLEDGES -90,000.