2019-01-31T19:16:23-06:00 2018-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2017-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING COO 4152020770 2019-01-24 1 ROGER BULOSAN P00221282 4154326200 64.124.51.210 2019-01-24 13:44:28 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8DB6298DFFB9F30D04C102D5853B3391BD590527 2017 2019-02-21 02:37:17Z JUDITH FOX 250 10TH STREET SAN FRANCISCO CA 94103 15850632 0 X WWW.PRESIDIOKNOLLS.ORG X 2006 CA TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 19 19 135 310 0 24300 4292977 5525277 8478943 9813359 547 149613 306826 362383 13079293 15850632 847055 1060288 0 0 5491746 8023061 0 0 119995 2649386 3639799 8988187 12723148 4091106 3127484 38295382 45870543 22588336 27194557 15707046 18675986 X OUR MISSION IS TO NURTURE THE YOUNG HEART AND MIND IN A JOYFUL LEARNING ENVIRONMENT, WHERE THE CONVERGENCE OF PROGRESSIVE EDUCATION AND MANDARIN IMMERSION IGNITES CURIOSITY, CONNECTEDNESS, AND ENGAGEMENT IN THE WORLD. 0 1 9596658 1060288 10175742 PRESIDIO KNOLLS SCHOOL (PKS) IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED AS A PRESCHOOL IN 2008 IN SAN FRANCISCO, CALIFORNIA, OFFERING A REGGIO EMILIA INSPIRED EDUCATIONAL APPROACH WITH MANDARIN IMMERSION PROGRAM. IN 2012, THE SCHOOL BEGAN AN EMERGING K-8 PROGRAM. FOR THE 2017/2018 SCHOOL YEAR, THE SCHOOL HAD KINDERGARTEN, 1ST, 2ND, 3RD, AND 4TH AND 5TH GRADES. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. 9596658 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 68 0 1 135 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X AILEEN DE LEON 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 X ANU MENON TRUSTEE 5.00 X 0 0 0 CHASSE CAROLL TRUSTEE 5.00 X 0 0 0 CHENG-LING CHEN TRUSTEE 5.00 X 0 0 0 DAVE GEBALA TRUSTEE 5.00 X 0 0 0 JEREMY LIEW TRUSTEE 5.00 X 0 0 0 JIMMY QUACH TRUSTEE 5.00 X 0 0 0 JOHN STRICKLIN TRUSTEE 5.00 X 0 0 0 JULIO MORENO TRUSTEE 5.00 X 0 0 0 KAREN GULLO TRUSTEE 5.00 X 0 0 0 KATIE BIBER SECRETARY 5.00 X X 0 0 0 KEVIN WONG TRUSTEE 5.00 X 0 0 0 LAURA NADLER TRUSTEE 5.00 X 0 0 0 LEO MA TREASURER 5.00 X X 0 0 0 LUKE FELKER TRUSTEE 5.00 X 0 0 0 MATT KOIDIN CHAIR 5.00 X X 0 0 0 MELODY MECKFESSEL TRUSTEE 5.00 X 0 0 0 MIKE KIM TRUSTEE 5.00 X 0 0 0 MIKHAL BOUGANIM TO 9117 TRUSTEE 5.00 X 0 0 0 RACHEL BORDOLI TRUSTEE 5.00 X 0 0 0 RANEE LAN CHAIR - ELECT 5.00 X X 0 0 0 AILEEN DE LEON CONTROLLER 40.00 X 126096 0 1261 DAVID LESSING COO/ACTING HEAD OF SCHOOL 40.00 X 230181 0 6481 JUDITH FOX INTERIM HEAD OF SCHOOL FY 2017/2018 40.00 X 179370 0 1021 RENEE MILLER HEAD OF ELEMENTARY 40.00 X 115950 0 7050 SIMONA CHONGO HEAD OF PRESCHOOL 40.00 X 109298 0 13560 LEE ANN DROLET FORMER HEAD OF SCHOOL 40.00 X 162460 0 4746 923355 0 34119 6 1 1 0 MEYLAN CONSTRUCTION 3145 KERNER BLVD A SAN RAFAEL CA 94901 BUILDING CONSTRUCTION AND RENOVATION 2653922 STUDIO BONDY ARCHITECTURE 110 LINDEN ST OAKLAND CA 94607 DESIGN AND RENOVATION MANAGEMENT 507807 PROJECT FOCUS MANAGEMENT 2 THEATER SQUARE STE 218 ORINDA CA 94563 CONSTRUCTION PROJECT MANAGEMENT 114275 3 5525277 120508 5525277 TUITION AND FEES 611600 9813359 9813359 9813359 38498 38498 111115 0 111115 111115 111115 PRESCHOOL FOR ALL FUNDING 611600 359330 359330 OTHER INCOME 900099 3053 3053 362383 15850632 10175742 0 149613 1060288 1060288 652636 355937 264067 32632 6089115 4734296 1346049 8770 35398 28497 6862 39 762798 452943 306216 3639 483114 369227 111186 2701 198514 32512 166002 71568 71568 32960 32960 22273 2189 12379 7705 189205 122851 66354 9754 9754 186223 163687 22247 289 603475 455642 144127 3706 580290 438137 138589 3564 44995 33973 10746 276 LOSS ON ASSET DISPOSAL 625689 472415 149432 3842 EDUCATION EXPENSES 465778 465778 PLANT OPERATIONS & MAIN 215885 163000 51559 1326 BAD DEBTS 172937 130573 41302 1062 220253 114713 55096 50444 12723148 9596658 3006495 119995 2084873 5913236 613459 10028 1536996 985031 4667417 5932116 104151 233163 34375502 1578533 29245624 32796969 42862 0 38295382 45870543 1742360 2578287 5759498 7173757 15029122 17226613 57356 215900 22588336 27194557 X 14066037 16135561 1641009 2540425 15707046 18675986 38295382 45870543 X 3127484 -158544 X X 0 1 X 1 0 X 15503707 15503707 18778173 1546745 17231428 92004 30170 61834 1618 1618 0 32796969 INTEREST RATE SWAP 215900 215900 X 14790344 -1060288 -1060288 15850632 0 15850632 11821404 158544 158544 11662860 1060288 1060288 12723148 PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND STATE INCOME TAXES UNDER SECTION 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 AWARDS, TUITION REMISSION AND PFA CREDITS -1,060,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 158,544. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS, TUITION REMISSION AND PFA CREDITS 1,060,288. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 WE PUBLISHED A NON-DISCRIMINATORY STATEMENT IN THE SAN FRANCISCO CHRONICLE ON JUNE 7, 2018, AS PART OF THE CAL-ISBOA GROUP. COPY AVAILABLE ON REQUEST. SCHEDULE E, PART I, LINE 6 PRESIDIO KNOLLS SCHOOL QUALIFIES FOR PRESCHOOL FOR ALL / HEADSTART / FIRST FIVE FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE. THE FAMILY MUST BE RESIDENT IN SAN FRANCISCO. 1 TUITION ASSISTANCE 30 453363 FMV REDUCTION IN TUITION BILLING. TUITION REMISSION 11 224925 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM: TUITION CREDITS 60 360000 FMV REDUCTION IN TUITION BILLING. PRESCHOOL FOR ALL PROGRAM: ANNUAL TUITION CREDITS 88 22000 FMV REDUCTION IN TUITION BILLING. PART I, LINE 2: TUITION ASSISTANCE: THE SCHOOL USES A THIRD PARTY PROVIDER TO MONITOR WHO SHOULD RECEIVE ASSISTANCE. THE AWARD IS APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION REMISSION: TUITION REMISSION IS OFFERED TO EMPLOYEES AND APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION CREDITS: THE SCHOOL RECEIVES PRESCHOOL FOR ALL FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE, FOR FAMILIES RESIDENT IN SAN FRANCISCO. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID LESSING COO/ACTING HEAD OF SCHOOL 195181 0 35000 0 0 0 2302 0 4179 0 236662 0 58917 0 JUDITH FOX INTERIM HEAD OF SCHOOL FY 2017/2018 131250 0 15000 0 33120 0 1021 0 0 0 180391 0 0 0 RENEE MILLER HEAD OF ELEMENTARY 115950 0 0 0 0 0 0 0 7050 0 123000 0 0 0 SIMONA CHONGO HEAD OF PRESCHOOL 109298 0 0 0 0 0 9755 0 3805 0 122858 0 0 0 LEE ANN DROLET FORMER HEAD OF SCHOOL 162460 0 0 0 0 0 0 0 4746 0 167206 0 295812 0 A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2018-06-12 27500000 TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS 0 0 0 A 27500000 277275 13636271 17086455 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 1 COMPASS BANK 7.000000000000 0 0 0 0 1 A 1 JOHN STRICKLIN SCHOOL BOARD TRUSTEE 32586 TUITION ASSISTANCE DISCOUNTED TUITION KAREN GULLO SCHOOL BOARD TRUSTEE 23359 TUITION ASSISTANCE DISCOUNTED TUITION DAVID LESSING COO 30946 TUITION REMISSION DISCOUNTED TUITION FRIENDS OF PKS LLC BOARD TRUSTEE 3500000 TO REFINANCE PURCHASE PRICE AND ASSIST IN FINANCING COSTS. 0 BOARD MEMBERS CONTRIBUTIONS BOARD TRUSTEES/BOARD MEMBERS 3875035 CONTRIBUTIONS 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THE MEMBERS OF FRIENDS OF PKS, LLC ARE CURRENT SCHOOL TRUSTEES, FORMER SCHOOL TRUSTEES, SPOUSES OF CURRENT SCHOOL TRUSTEES, OR SPOUSES OF FORMER SCHOOL TRUSTEES: JEREMY LIEW (CURRENT TRUSTEE), RANEE LAN (CURRENT TRUSTEE), MELODY MECKFESSEL (CURRENT TRUSTEE), LAURA B. NADLER (CURRENT TRUSTEE), DAVID NADLER (SPOUSE OF A CURRENT TRUSTEE), KEVIN S. WONG (CURRENT TRUSTEE), AUDREY LEE (SPOUSE OF A CURRENT TRUSTEE), LEO K. MA (CURRENT TRUSTEE), MING MING L. LIU (SPOUSE OF A CURRENT TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN K. MCKIBBEN (SPOUSE OF A FORMER TRUSTEE), AND LANIER COLES (FORMER TRUSTEE). SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 6/12/18, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE CALIFORNIA MUNICIPAL FINANCE AUTHORIGY (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 TAX-EXEMPT SUBORDINATE LOAN PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN WAS USED TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. THESE FUNDS ARE INCLUDED IN THE ISSUE PRICE OF $27.5 MILLION ON SCHEDULE K. X 12 120508 FMV 0 1 0 FORM 990, PART III, LINE 3 THE SCHOOL ADDED 5TH GRADE DURING SCHOOL YEAR 2017/2018. ADDITIONAL GRADE LEVEL WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. FORM 990, PART VI, SECTION A, LINE 2 JEREMY LIEW AND RANEE LAN, BOTH TRUSTEES ARE MARRIED. THERE ARE 6 CURRENT TRUSTEES THAT ARE MEMBERS OF FRIENDS OF PKS. (SEE SCHEDULE L) FORM 990, PART VI, SECTION B, LINE 11B THE BOARD EXECUTIVE COMMITTEE, BOARD FINANCE COMMITTEE AND BOARD FUNDRAISING/DEVELOPMENT COMMITTEE REVIEW THE TAX RETURN PRIOR TO FILING. THE BOARD FINANCE COMMITTEE APPROVES THE FINAL TAX RETURN PRIOR TO FILING. AFTER FILING, THE PUBLIC DISCLOSURE COPY IS SHARED WITH ALL COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST COVERS BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS. DISCLOSURES ARE COLLECTED AND REVIEWED BY THE CORPORATE SECRETARY AND CONTROLLER. POTENTIAL CONFLICT WILL BE REPORTED TO THE COO AND THE EXECUTIVE COMMITTEE WILL DECIDE IF ANY ADDITIONAL ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART VII ALL TRUSTEES ARE VOLUNTEERS AND ARE NOT COMPENSATED. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAP -158,544. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FRIENDS OF PKS LLC 332 CUMBERLAND STREET SAN FRANCSICO CA 94114 472112630 REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. CA 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRIENDS OF PKS LLC E 3500000 AS REPORTED ON THE LOAN AGREEMENT