2019-05-03T16:33:44-05:00 2018-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2017-07-01 943085954 THE CAREY SCHOOL CARE 6503458205 ONE CAREY SCHOOL LANE SAN MATEO CA 944031268 DUNCAN LYON HEAD OF SCHOOL 6503458205 2019-05-01 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2019-05-01 13:43:48 PD P 8A06FEF07356F7C90A9824A760A1509B37C56892 BB12664BE1E3D4BC08488640412F20C0F7A39D48 2017 2020-01-14 16:20:31Z DUNCAN LYON ONE CAREY SCHOOL LANE SAN MATEO CA 944031268 8896463 0 X WWW.CAREYSCHOOL.ORG X 1928 CA OPERATION OF A PRIMARY CO-EDUCATIONAL SCHOOL FOR GRADES PRESCHOOL THROUGH FIFTH. 23 23 79 330 0 3400 1059717 906232 7149156 7516131 26578 52577 23230 100876 8258681 8575816 524432 617361 0 0 5589570 5784510 0 0 138077 1746069 1981430 7860071 8383301 398610 192515 22223697 22710797 7010963 7264842 15212734 15445955 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 6888718 617361 7516131 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 14% OF THE STUDENT BODY, OR 35 STUDENTS, ARE SUPPORTED BY FINANCIAL ASSISTANCE WHICH MAY INCLUDE TUITION ASSISTANCE, SUPPORT FOR TUTORING AND OTHER EVALUATIONS, AND SUPPORT FOR AFTER SCHOOL CARE. 6888718 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 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 79 1 1 1 0 0 0 0 1 1 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 KRISTEN COWAN CHAIR 4.00 X X 0 0 0 JEAN CHIANG VICE CHAIR 4.00 X X 0 0 0 MIKE RYERSON SECRETARY 4.00 X X 0 0 0 MIGUEL ESPINOSA TREASURER 4.00 X X 0 0 0 LYDIA ALEXANDER KAPOOR TRUSTEE 4.00 X 0 0 0 KIM BOTTOMS TRUSTEE 4.00 X 0 0 0 HEIDI CHANG TRUSTEE 4.00 X 0 0 0 JENNIFER CHUNG TRUSTEE 4.00 X 0 0 0 BEN COUGHLIN TRUSTEE 4.00 X 0 0 0 ROBERT DYKES 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 ALLISON KENNAN TRUSTEE 4.00 X 0 0 0 GARY KIANG 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 KIM PEPPER TRUSTEE 4.00 X 0 0 0 KELLY SORTINO TRUSTEE 4.00 X 0 0 0 SARAH SULEMAN TRUSTEE 4.00 X 0 0 0 CAROLINE TSAO TRUSTEE 4.00 X 0 0 0 CRISTAL WALDROP TRUSTEE 4.00 X 0 0 0 DUNCAN LYON HEAD OF SCHOOL 40.00 X 287386 0 72055 ALLEN LANTOR CFO 40.00 X 114722 0 7784 SUSAN LOVEALL CFO (EFF 7/1/17) 40.00 X 78060 0 11139 BARNEY DESROCHES FACULTY 40.00 X 119325 0 16629 CHRIST BASTIAN DIRECTOR OF IT 40.00 X 122682 0 8766 NEELY NORRIS ASSISTANT HEAD OF SCHOOL 40.00 X 121540 0 13227 843715 0 129600 5 0 1 0 EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 FOOD SERVICE 248474 1 258890 647342 89630 906232 TUITION 611600 6966358 6966358 LUNCH INCOME 611710 254092 254092 EXTENDED CARE PROGRAM 611600 166931 166931 SUMMER CAMP INCOME 611710 128750 128750 7516131 129639 129639 144267 221329 -77062 -77062 -77062 191088 258890 99318 91770 91770 6800 0 6800 6800 OTHER INCOME 900099 2306 2306 2306 8575816 7516131 0 153453 617361 617361 486840 297557 189283 3728167 3223293 433186 71688 282800 222884 59916 939169 786093 137120 15956 347534 265974 73183 8377 79224 56998 22226 32100 32100 42122 42122 57888 57888 63816 25152 38664 58459 54490 3778 191 100940 96500 3848 592 232481 210107 21588 786 50819 50819 574341 516659 55866 1816 75404 700 74704 EDUCATIONAL RELATED 256098 256098 LUNCH PROGRAM 244885 244885 BAD DEBT EXPENSE 68642 68642 BOARD EXPENSE 20275 20275 23936 13967 9962 7 8383301 6888718 1356506 138077 499 9 5948508 4627709 178580 14150 11830 48067 400000 400000 127543 108409 17798470 5387485 12834201 12410985 2647547 4906226 74989 195242 22223697 22710797 746526 608975 4109665 4773159 2049607 1776868 105165 105840 7010963 7264842 X 14202782 14382727 238340 216365 771612 846863 15212734 15445955 22223697 22710797 192515 40706 0 X 0 1 X 1 0 X 1604745 377195 37627 2019567 1540125 57268 7352 1604745 1469954 66605 3566 1540125 1409247 55782 4925 1469954 1354911 49616 4720 1409247 0.56880 0.41930 0.01190 0 0 1377534 1377534 15158496 4427908 10730588 910157 778246 131911 352283 181331 170952 12410985 457(F) DEFERRED COMPENSATION OBLIGATION 105840 105840 X 7890494 40706 40706 7849788 3909 722119 726028 8575816 7657273 0 7657273 3909 722119 726028 8383301 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 617,361. PROGRAM EXPENSES NETTED AGAINST REVENUE 36,116. BAD DEBT EXPENSE NETTED AGAINST REVENUE 68,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED AGAINST REVENUE 617,361. PROGRAM EXPENSES NETTED AGAINST REVENUE 36,116. BAD DEBT EXPENSE NETTED AGAINST REVENUE 68,642. 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 ALL OTHER MEMBER SCHOOLS IN LOCAL AND REGIONALLY PUBLICATIONS AS IS BEST SUITED. THE NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON JUNE 7, 2018. CSPA AUCTION 390959 250729 140230 44222 40336 WALKFEST 59019 8161 50858 14760 449978 258890 191088 44222 14760 40336 99318 91770 1 TUITION ASSISTANCE 35 552316 FINANCIAL AID APPLICATION FEES 6 870 FINANCIAL AID DAYCARE FEES 18 55031 FINANCIAL AID LUNCH FEES 35 9144 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 285586 0 0 0 1800 0 45573 0 26482 0 359441 0 0 0 PART I, LINE 4B DUNCAN LYON, HEAD OF SCHOOL, PARTICIPATED IN A 457(F) PLAN. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2013-06-19 3000000 CONSTRUCTION 0 0 0 A 3000000 60000 2940000 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 A 0 0 0 0 0 0 0 0 1 A 0 DUNCAN LYON HEAD OF SCHOOL HOUSING X 400000 400000 0 1 1 400000 17125 FINANCIAL AID TUITION X 9 89630 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) RESCUED 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 FOR 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).