2019-05-10T12:41:36-05:00 2018-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2017-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 ALLEN LANTOR CFO 6503302000 2019-05-01 1 SUE KENT P01302107 4154326200 64.124.51.210 2019-05-01 11:34:51 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1ED289F1C1BB2FC91E34B40D83A04CF063401737 2017 2019-02-21 02:37:17Z THAN HEALY 50 VALPARAISO AVENUE ATHERTON CA 94027 88519225 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 29 29 416 905 107235 81064 14412912 22175339 34061850 35762936 748503 897580 2169274 2110133 51392539 60945988 5749184 6108659 0 0 27909769 28662413 0 0 1867509 18045042 18102481 51703995 52873553 -311456 8072435 245146010 256104466 70030519 69612538 175115491 186491928 MENLO SCHOOL'S MISSION IS TO EMPOWER STUDENTS TO EXPLORE AND EXPAND THEIR INTERESTS, REACH THEIR FULLEST POTENTIAL, DEVELOP THE SKILLS NECESSARY FOR SUCCESS IN COLLEGE, AND BECOME ETHICAL, RESPONSIBLE, AND ENGAGED MEMBERS OF EVER WIDER COMMUNITIES. 0 0 46638487 6108659 37877927 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 795 STUDENTS. 46638487 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 149 0 1 416 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 1 1 0 CA X ALLEN LANTOR CFO 6503302001 50 VALPARAISO AVENUE ATHERTON CA 94027 JENNIFER AYER TRUSTEE 2.00 X 0 0 0 NICOLE RUBIN VICE CHAIR & BOARD SECRETARY 2.00 X X 0 0 0 REY BANATAO TRUSTEE 2.00 X 0 0 0 BEN BISCONTI TRUSTEE 2.00 X 0 0 0 LAURA CHAN TRUSTEE 2.00 X 0 0 0 JONATHAN COSLET TRUSTEE 2.00 X 0 0 0 STEVE DOSTART TRUSTEE 2.00 X 0 0 0 MARIA FRANTZ TRUSTEE 2.00 X 0 0 0 GREG GOLUB TRUSTEE 2.00 X 0 0 0 ALICIA HAMMARSKJOLD TRUSTEE 2.00 X 0 0 0 AAREF HILALY TRUSTEE 2.00 X 0 0 0 AMY HSIEH TRUSTEE 2.00 X 0 0 0 KAREN KING TRUSTEE 2.00 X 0 0 0 JILL PARKER TRUSTEE 2.00 X 0 0 0 GARY PINKUS TRUSTEE 2.00 X 0 0 0 JAKE REYNOLDS TRUSTEE 2.00 X 0 0 0 NKIA RICHARDSON TRUSTEE 2.00 X 0 0 0 SERRA SIMBECK TRUSTEE 2.00 X 0 0 0 BRAD SMITH TRUSTEE 2.00 X 0 0 0 SCOTT TAYLOR TRUSTEE 2.00 X 0 0 0 CASEY TUNGUZ TRUSTEE 2.00 X 0 0 0 MICHAEL UYTENGSU TRUSTEE 2.00 X 0 0 0 FRED WANG TRUSTEE 2.00 X 0 0 0 BRENDA WOODSON TRUSTEE 2.00 X 0 0 0 STEVE YOUNG TRUSTEE 2.00 X 0 0 0 ROB CHANDRA CHAIR 2.00 X X 0 0 0 NICOLE SHEEHAN TRUSTEE 2.00 X 0 0 0 LINDA TING TRUSTEE 2.00 X 0 0 0 MIKE YUEN TRUSTEE 2.00 X 0 0 0 THAN HEALY HEAD OF SCHOOL 40.00 X 465423 0 68675 ALLEN LANTOR CFO (FROM JULY '17) 40.00 X 120425 0 12421 BILL SILVER CFO (TO JUNE '17) 40.00 X 174486 0 15466 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 40.00 X 238113 0 95632 VIDYA KAGAN DIR OF DATA MANAG & RESEARCH FOR DEV 40.00 X 175081 0 49566 TONY LAPOLLA DEAN OF STUDENTS 40.00 X 212418 0 29789 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 40.00 X 195141 0 33657 ERIC SPROSS DIRECTOR OF TECHNOLOGY 40.00 X 188260 0 34269 ALEX TENORIO CHIEF DEVELOPMENT OFFICER 40.00 X 203286 0 24310 1972633 0 363785 86 0 1 0 KNOWING TECHNOLOGIES 1528 S EL CAMINO REAL 110 SAN MATEO CA 94402 TECHNOLOGY 345448 ARTISTLED 210 W 78TH ST 6B NEW YORK NY 10024 ARTISTIC/MUSICAL 219994 FARACI HOUSE PAINTING 2064 OREGON AVE REDWOOD CITY CA 94061 PAINTING 214125 BAY AREA GRAPHICS LLC 1181 CHESS DR H FOSTER CITY CA 94404 DESIGN/PRINTING 197035 ANDREW DATA SYSTEMS 1852 W-11TH ST TRACY CA 95376 TECHNOLOGY 135223 6 1698927 20476412 2074800 22175339 STUDENT TUITION 611600 35762936 35762936 35762936 887179 100749 786430 135524 0 135524 135524 135524 27302433 10505 27302537 0 -104 10505 10401 10401 33679 1698927 227613 -193934 -193934 19825 0 19825 19825 70328 43087 27241 27241 OTHER 611600 1159524 1159524 MUSIC@MENLO 611600 481002 481002 CHILD CARE REVENUE 624410 273258 273258 207693 201207 6486 2121477 60945988 37877927 107235 785487 6108659 6108659 1098467 884897 106785 106785 21117407 18762102 1480752 874553 2210465 1992741 106984 110740 2677108 2485938 93460 97710 1558966 1371071 125458 62437 89855 10199 79656 106878 106878 2885564 2631942 126939 126683 35693 32474 2692 527 1764807 1654164 55114 55529 94293 43369 50924 1028512 1022540 5972 511224 507803 12 3409 1061600 408 1061192 5414194 4790133 386382 237679 493080 11375 481705 MUSIC@MENLO 2251435 2251435 SUPPLIES 633455 574248 45800 13407 BUS PROGRAM SERVICES 553109 553109 ENTRANCE FEES 303332 302682 650 875450 647198 50852 177400 52873553 46638487 4367557 1867509 45105009 46500815 9060864 7766270 8058651 11829214 6906637 7075045 521500 581500 73947 68852 680352 307689 175601880 51831971 121660931 123769909 10779183 20335435 40851844 36337360 342588 331034 1104504 1201343 245146010 256104466 6541319 4483672 30495483 32213875 32993717 32914991 70030519 69612538 X 137795869 138746037 14323694 19579094 22995928 28166797 175115491 186491928 245146010 256104466 X 8072435 4085662 -781660 X X 0 1 X 1 0 X 50601000 5171000 4062000 2615000 57219000 46067000 3083000 4334000 2883000 50601000 44328000 4917000 -764000 2414000 46067000 43124000 649000 2369000 1814000 44328000 37002000 2386000 4955000 1219000 43124000 0.37000 0.49000 0.14000 0 0 32700000 32700000 104839652 37717672 67121980 23812653 4370984 19441669 3414405 3127830 286575 10835170 6615485 4219685 123769909 LIMITED PARTNERSHIP INTERESTS 36337360 F 36337360 X 58925000 4085662 -6042502 -1956840 60881840 64148 64148 60945988 47548000 718772 718772 46829228 6044325 6044325 52873553 PART V, LINE 4: THE SCHOOL INTENDS TO HOLD ITS ENDOWMENT FUND FOR THE LONG TERM AND USE THE EARNINGS TO SUPPORT ITS PROGRAMS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTON 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, 2018, 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 AND SCHOLARSHIPS (NETTED AGAINST TUITION) -6,044,325. ROUNDING 1,823. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -43,087. UNRELATED BUSINESS INCOME 107,235. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 43,087. ROUNDING 1,262. WRITE OFF ON UNCOLLECTABLE PROMISES TO GIVE 674,423. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) 6,044,325. 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 NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON JUNE 7, 2018. THE POLICY IS ALSO STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. AUCTION EVENT 1732606 1698927 33679 44736 93584 800 88493 1732606 1698927 33679 44736 93584 800 88493 227613 -193934 19825 1 1.00000 19825 19825 CA 1 0 0 0 1.00000 K KELLY MENLO SCHOOL 50 VALPARAISO AVENUE ATHERTON CA 94027 0 0 1 FINANCIAL AID 177 6044325 FMV GRANTING OF FINANCIAL AID COLLEGE TUITION GRANT 8 64334 PART I, LINE 2: FINANCIAL AID: THESE ARE ALL FINANCIAL AID AWARDS, AND THE AWARDS ARE APPLIED DIRECTLY BY THE SCHOOL TO THE RECIPIENTS' TUITION BALANCE. THERE IS NO POSSIBILITY THAT THE AWARD COULD BE MISAPPLIED. COLLEGE TUITION GRANT: COLLEGE OPPORTUNITY FUND SCHOLARSHIPS ARE SENT DIRECTLY TO THE UNIVERSITY'S FINANCIAL AID OFFICE WITH A LETTER INDICATING THE STUDENT'S NAME AND STUDENT ID NUMBER. THE LETTER STATES THAT THE FUNDS ARE TO BE USED FOR ANY TUITION AND FEES INCURRED BY THE STUDENT AS A RESULT OF ENROLLMENT, AND SHOULD THE STUDENT WITHDRAW FROM THE INSTITUTION THE UNUSED SCHOLARSHIP FUNDS ARE TO BE RETURNED TO MENLO SCHOOL. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 THAN HEALY HEAD OF SCHOOL 419377 0 46046 0 0 0 32400 0 36275 0 534098 0 0 0 BILL SILVER CFO (TO JUNE '17) 146021 0 28465 0 0 0 14631 0 835 0 189952 0 0 0 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 219035 0 19078 0 0 0 25844 0 69788 0 333745 0 0 0 VIDYA KAGAN DIR OF DATA MANAG & RESEARCH FOR DEV 175081 0 0 0 0 0 21535 0 28031 0 224647 0 0 0 TONY LAPOLLA DEAN OF STUDENTS 196071 0 16347 0 0 0 18985 0 10804 0 242207 0 0 0 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 195141 0 0 0 0 0 20083 0 13574 0 228798 0 0 0 ERIC SPROSS DIRECTOR OF TECHNOLOGY 170598 0 17662 0 0 0 20682 0 13587 0 222529 0 0 0 ALEX TENORIO CHIEF DEVELOPMENT OFFICER 203286 0 0 0 0 0 23654 0 656 0 227596 0 0 0 PART I, LINE 1A JOHN SCHAFER (DIRECTOR OF UPPER SCHOOL), LA VINA LOWERY (MIDDLE SCHOOL DIRECTOR), AND TONY LAPOLLA (DEAN OF STUDENTS) RECEIVED HOUSING ALLOWANCES WHICH ARE INCLUDED IN THEIR W-2 WAGES. THAN HEALY (HEAD OF SCHOOL) RESIDES AT THE HEAD OF SCHOOL HOUSE, OWNED BY THE SCHOOL. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2017-03-29 33000000 REFINANCE, PAY COSTS OF ISSSUANCE AND ASSIST IN FINANCING CONSTRUCTION 0 0 0 A 85009 33000000 255178 14736809 18008013 2017 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN FY2017 WHEN THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN REFINANCING THEIR PRIOR DEBT AND CONSTRUCTING CERTAIN FACILITIES ON THEIR CAMPUS 88531 TUITION REMISSION DISCOUNTED TUITION 5033 FINANCIAL AID FINANCIAL AID AWARD DEBORHA BLAKE SPOUSE OF THAN HEALY, HEAD OF SCHOOL. 32360 EVENTS MANAGEMENT SERVICES 0 X 39 1077103 FMV X AUCTION ITEMS, GIK 257 997697 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE LEADERSHIP COMMITTEE OF THE BOARD OF TRUSTEES REQUESTS NOMINATIONS FOR TRUSTEES FROM THE SCHOOL COMMUNITY. THE NOMINEES ARE VETTED BY THE LEADERSHIP COMMITTEE AND PROPOSED TO THE BOARD. THE BOARD DISCUSSES AND SELECTS NEW TRUSTEES IN EXECUTIVE SESSION. NEW TRUSTEES ARE ANNOUNCED AT THE FINAL BOARD MEETING OF THE YEAR. ONLY TRUSTEES ELECT NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY CERTIFIED PUBLIC ACCOUNTANTS, MARCUMP LLP AND REVIEWED BY THE CFO AND CONTROLLER. PRIOR TO FILING, THE AUDIT COMMITTEE REVIEWED THE PUBLIC DISCLOSURE COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CFO SIGNS ALL CHECKS AND KNOWS THE VENDORS WE DO BUSINESS WITH. HE KNOWS WHO OUR BOARD MEMBERS ARE AND IS ALWAYS MINDFUL AND AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE WERE ANY RELATIONSHIPS BETWEEN BOARD MEMBERS AND VENDORS, WE WOULD GO THROUGH THE PROCESS OF ENSURING THAT ALL TRANSACTIONS WERE AT ARM'S LENGTH. WE HAVE STRENUOUSLY ENDEAVORED TO BE SURE THAT THERE ARE NO CONFLICTS AND MONITOR OUR ACCOUNTS PAYABLE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR HEAD OF SCHOOL AND CFO IS APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE IN THE BOARD SECRETARY'S OFFICE. FINANCIAL STATEMENTS ARE IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS INCOME -107,235. WRITE OFF OF UNCOLLECTABLE PROMISES TO GIVE -674,423. ROUNDING -2. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MENLO SCHOOL AND MENLO COLLEGE C/O MENLO SCHOOL 50 VALPARAISO AVEN ATHERTON CA 94027 941156656 SUPPORT ACTIVITIES OF ITS AFFILIATED ORGANIZATIONS, MENLO SCHOOL AND COLLEGE CA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0