2019-05-13T11:39:29-05:00 2018-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2017-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 KIM PLOUGH DIRECTOR OF FINANCE AND OPERATIONS 4155650400 2019-04-26 1 SUE KENT P01302107 4154326200 64.124.51.210 2019-04-26 17:27:52 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1ED289F1C1BB2FC91E34B40D83A04CF063401737 2017 2019-02-21 02:37:17Z KATHERINE S PLOUGH 250 VALENCIA STREET SAN FRANCISCO CA 941032322 16630009 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA EDUCATING, INSPIRING, & NURTURING GIRLS & BOYS IN THE TRADITION OF QUAKER LEARNING. 25 25 154 75 -39384 -39384 1379188 1425605 13899821 14787043 164145 326041 0 3676 15443154 16542365 2531668 2634349 0 0 7953968 8118696 0 0 543385 4185320 4742674 14670956 15495719 772198 1046646 68275643 69230506 38022266 37785449 30253377 31445057 X SAN FRANCISCO FRIENDS SCHOOL IS DEDICATED TO EDUCATING, INSPIRING, AND NURTURING CHILDREN IN THE QUAKER SCHOOL TRADITION. THE DAILY LIFE OF OUR SCHOOL IS ROOTED IN THE QUAKER VALUES OF SIMPLICITY, INTEGRITY, MUTUAL RESPECT, PEACEFUL PROBLEM-SOLVING, AND SERVICE TO OTHERS. WE STRIVE TO DEVELOP IN EACH CHILD INTELLECTUAL CURIOSITY AND PASSION FOR LEARNING. WE CHALLENGE STUDENTS WITH ACADEMIC RIGOR, WHILE HONORING INDIVIDUAL STRENGTHS AND ABILITIES. WE SEEK TO CREATE A COMMUNITY THAT EMBRACES CHILDREN AND FAMILIES OF ALL BACKGROUNDS, RECOGNIZING THAT DIVERSITY IS ESSENTIAL TO THE VITALITY OF OUR SCHOOL. WE ENGAGE WITH THE LARGER WORLD AROUND US, WORKING TOWARD THE QUAKER IDEAL OF A CARING AND JUST SOCIETY. 0 0 12292305 2634349 14787043 PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO OPERATE GRADES K-8 IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 12292305 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 65 0 1 154 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KATHERINE S PLOUGH 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 94103 WILL ALDRICH TRUSTEE 1.00 X 0 0 0 MICHELLE DILWORTH TRUSTEE 1.00 X 0 0 0 DAN HIRSCH TRUSTEE 1.00 X 0 0 0 MAUREEN MCAVOY TRUSTEE 1.00 X 0 0 0 SETH BRENZEL CO-CLERK 1.00 X X 0 0 0 MARK SELCOW TRUSTEE 1.00 X 0 0 0 SARAH WIGGLESWORTH TRUSTEE 1.00 X 0 0 0 SHABNAM KOIRALA-AZAD CO-CLERK 1.00 X X 0 0 0 KATHRYN MA TRUSTEE 1.00 X 0 0 0 MICHAEL FELDMAN TRUSTEE 1.00 X 0 0 0 CHRIS VALDEZ TRUSTEE 1.00 X 0 0 0 JOEL ROOS TRUSTEE 1.00 X 0 0 0 ARNOLD OJI TRUSTEE 1.00 X 0 0 0 CLINT WILKINS TRUSTEE 1.00 X 0 0 0 ANN STANTON TRUSTEE 1.00 X 0 0 0 JIM HANSEN TREASURER 1.00 X X 0 0 0 AMY BAKER SECRETARY 1.00 X X 0 0 0 SHANNON COGEN TRUSTEE 1.00 X 0 0 0 SAM MOGANNAM TRUSTEE 1.00 X 0 0 0 ELIZABETH HAMBRECHT TRUSTEE 1.00 X 0 0 0 EDGAR LOPEZ TRUSTEE 1.00 X 0 0 0 CYNTHIA SCHROEDER TRUSTEE 1.00 X 0 0 0 KELLY MCKANE TRUSTEE 1.00 X 0 0 0 ED CHUNG TRUSTEE 1.00 X 0 0 0 GREG DALTON TRUSTEE 1.00 X 0 0 0 KATHERINE S PLOUGH DIRECTOR OF FINANCE 40.00 X 193716 0 6490 MICHAEL HANAS HEAD OF SCHOOL 40.00 X 475864 0 16920 JENNIFER ARNEST LOWER HEAD OF SCHOOL 40.00 X 165477 0 17832 MARLENE SLOGER DIRECTOR OF DEVELOPMENT 40.00 X 148782 0 20966 RYAN GALLAGHER EDUCATIONAL TECHNOLOGY DIR 40.00 X 118633 0 14624 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 40.00 X 170345 0 10159 TRACIE MASTRONICOLA ACADEMIC DEAN/DIR OF TECHN 40.00 X 148312 0 15716 1421129 0 102707 18 0 1 0 0 153028 1272577 25962 1425605 TUITION 900099 13910560 13910560 AUXILLARY 900099 814506 814506 MISC 900099 61977 61977 14787043 244222 -43060 287282 145053 63234 81819 81819 81819 24410 153028 24410 0 DISALLOWED QUALIFIED TRANSPORTATI 900099 3676 3676 3676 16542365 14787043 -39384 369101 2634349 2634349 705209 112518 515958 76733 6061594 4938078 843887 279629 317717 252924 50803 13990 547564 448970 86059 12535 486612 379551 85351 21710 14725 14725 29681 29681 296797 65811 164513 66473 105378 6275 87905 11198 102716 41112 56198 5406 293183 230383 60865 1935 50467 41664 8803 732678 572807 155060 4811 1278970 1005015 265514 8441 88905 72653 15681 571 AUXILIARY 880856 865181 2386 13289 TEACHING MATERIALS & SU 619348 619348 248970 47330 183779 17861 15495719 12292305 2660029 543385 248180 226473 4889295 3334167 6768231 6646808 7522754 8023820 514000 514000 401991 383154 47283399 11224067 35326103 36059332 10362043 13713633 2243046 329119 68275643 69230506 60831 74772 11448924 11950349 24140017 23502531 1368448 1342108 1004046 915689 38022266 37785449 X 22151116 23137531 6960510 7157775 1141751 1149751 30253377 31445057 68275643 69230506 X 1046646 114980 30054 X X 0 1 X 1 0 X 1217123 8000 105190 1330313 957384 184367 75372 1217123 16000 941384 957384 16000 16000 0.86000 0.14000 0 0 3579000 3579000 39659626 8952895 30706731 1001785 46902 954883 2958145 2142615 815530 84843 81655 3188 36059332 ACCRUED SALARIES AND BENEFITS 867939 CAPITAL LEASE OBLIGATION 47750 915689 X 14086790 114980 114980 13971810 2570555 2570555 16542365 12895110 33740 33740 12861370 2634349 2634349 15495719 PART V, LINE 4: THE DONOR ENDOWMENT FUNDS ARE BEING HELD TO GENERATE INCOME WHICH MAY BE USED FOR ANY PURPOSE DEEMED APPROPRIATE TO ADVANCE THE MISSION AND VISION OF THE SCHOOL IN ACCORDANCE WITH THE DONORS INTENT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE 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 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,634,349. UNRELATED BUSINESS INCOME -43,060. FUNDRAISING EVENT EXPENSE -24,410. DISALLOWED QUALIFIED TRANSPORTATION FRINGE BENEFITS 3,676. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT LOSSES 9,330. FUNDRAISING EVENT EXPENSE 24,410. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,634,349. 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 SCHOOL ANNUALLY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY, IN CONJUNCTION WITH A CONSORTIUM OF INDEPENDENT SCHOOLS, IN THE SAN FRANCISCO CHRONICLE, A DAILY NEWSPAPER WITH A LARGE CIRCULATION. (IT WAS PUBLISHED ON JUNE 7, 2018.) ANNUAL DINNER DANCE 177438 153028 24410 24410 177438 153028 24410 24410 24410 0 1 TUITION ASSISTANCE 124 2634349 REVENUE LESS DISCOUNT TUITION DISCOUNTS PART I, LINE 2: THE SCHOOL AWARDS TUITION ASSISTANCE DISCOUNTS TO 25% OF ITS STUDENT BODY. THESE ARE IN THE FORM OF TUITION DISCOUNTS. AWARD RECIPIENTS APPLY EACH YEAR AND ARE VETTED THROUGH A RIGOROUS SELECTION PROCESS THAT EVALUATES ELIGIBILITY BASED ON CRITERIA ESTABLISHED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, ALL APPLICANTS MUST SUPPLY TAX DOCUMENTATION AND HOUSEHOLD EXPENDITURE SCHEDULES AS PART OF THE APPLICATION PROCESS. APPLICANTS ARE AWARDED TUITION ASSISTANCE IN THE CONTEXT OF THEIR ELIGIBILITY WITHIN THE PARAMETERS OF THE CRITERIA MENTIONED ABOVE AND WITHIN THE SCOPE OF THE SCHOOL'S BUDGET ALLOCATION FOR THE YEAR. ALL RECIPIENTS RECEIVE AWARD LETTERS AND SIGN CONTRACTS ACKNOWLEDGING THE AWARDS. THESE CONTRACTS ARE KEPT ON FILE IN THE SCHOOL'S BUSINESS OFFICE. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KATHERINE S PLOUGH DIRECTOR OF FINANCE 193716 0 0 0 0 0 5751 0 739 0 200206 0 0 0 MICHAEL HANAS HEAD OF SCHOOL 475864 0 0 0 0 0 16907 0 13 0 492784 0 0 0 JENNIFER ARNEST LOWER HEAD OF SCHOOL 165477 0 0 0 0 0 9945 0 7887 0 183309 0 0 0 MARLENE SLOGER DIRECTOR OF DEVELOPMENT 148782 0 0 0 0 0 9397 0 11569 0 169748 0 0 0 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 170345 0 0 0 0 0 10159 0 0 0 180504 0 0 0 TRACIE MASTRONICOLA ACADEMIC DEAN/DIR OF TECHN 148312 0 0 0 0 0 9458 0 6258 0 164028 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $7,000 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES A HOUSING ALLOWANCE ANNUALLY OF $189,954. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 NONEAVAIL 2012-12-17 27188375 TO REFINANCE PRIOR BOND AND SETTLE INTEREST RATE SWAP LIABILITY 0 0 0 A 3685844 27188375 266375 26922000 2012 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 2012. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN REFINANCING THE PRIOR BOND AND SETTLING THE INTEREST RATE SWAP LIABILITY. 6800 NEED BASED TUITION ASSISTANCE REDUCTION OF TUITION PAYMENTS X 6 25962 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY MANAGEMENT IN CONJUNCTION WITH A LICENSED CPA FIRM AND IS REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE BEFORE IT IS FILED. THE FINANCE COMMITTEE REPORT TO THE BOARD THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED AND THAT A COPY IS AVAILABLE FROM THE DIRECTOR OF FINANCE FOR ANYONE WHO WISHES TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR THE SCHOOL DISTRIBUTES DISCLOSURE FORMS TO ITS BOARD OF TRUSTEES AND KEY EMPLOYEES. THE FORM ASKS WHETHER ANY OF THESE INDIVIDUALS HAS A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OTHER TRUSTEE OR KEY EMPLOYEE. THE INDIVIDUAL AFFIRMS YES OR NO TO THE QUESTION. IF THE REPLY IS YES, THEN THE INDIVIDUAL REPORTS WITH WHOM HE/SHE HAS SUCH RELATIONSHIP, AND WHETHER IT IS BUSINESS OR FAMILY. IF QUESTIONABLE RELATIONSHIPS ARE DISCLOSED EITHER DURING THE DISCLOSURE FORM PROCESS OR AT ANY OTHER TIME, THE MATTER IS TO BE TAKEN UP BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ORDER TO DETERMINE IF OR HOW THE RELATIONSHIP MAY COMPROMISE THE INTEGRITY OF THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL (THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL) IS BEGUN BY KEY MEMBERS OF THE BOARD OF TRUSTEES SEVERAL MONTH PRIOR TO THE EXPIRATION OF THE HEAD OF SCHOOL'S CONTRACT. THE BOARD MEMBERS WILL SOLICIT DATA FROM THE SCHOOL'S DIRECTOR OF FINANCE. THE DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH MANAGES THE LARGEST AND MOST UP-TO-DATE DATABASE ON PRIVATE SCHOOL COMPENSATION FOR HEADS OF SCHOOL. THIS DATA IS LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. THIS DATA AND THE SCHOOL'S RECOMENDATION FOR A COMPENSATION PACKAGE ARE REVIEWED AND VERIFIED INDEPENDENTLY BY A COMPENSATION CONSULTANT HIRED BY THE SCHOOL TO LOOK AT THE HEAD'S TOTAL COMPENSATION PACKAGE COMPARED TO OTHER INDEPENDENT SCHOOLS WITH WHOM THE CONSULTANT HAS WORKED, AND WHO, MOST RECENTLY, DELIVERS A REPORT TO THE BOARD OF TRUSTEES SHOWING STATISTICAL INDICATORS RELATING TO COMPENSATION FOR SCHOOL HEADS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL'S OTHER KEY EMPLOYEES (DIRECTOR OF FINANCE AND DIRECTOR OF DEVELOPMENT) IS INITITATED AND COMPLETED ANNUALLY BY THE HEAD OF SCHOOL, WHO REVIEWS NATIONAL, REGIONAL AND LOCAL DATA FOR SIMILAR POSITIONS IN SIMILAR SCHOOLS (INDEPENDENT ELEMENTARY SCHOOLS, ENROLLMENTS APPROXIMATELY 300-500). THIS DATA IS PROVIDED TO THE SCHOOL BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND THE INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION OF CALIFORNA, ALL OF WHICH COLLECT THIS DATA ANNUALLY. THE HEAD OF SCHOOL DETERMINES THE KEY EMPLOYEES' COMPENSATION BASED ON COMPARING THESE DATA, THE KEY EMPLOYEE'S LEVEL OF EXPERIENCE, AND PRIOR PERFORMANCE IN THE JOB. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. THE SCHOOL'S FORM 990 IS POSTED INDEPENDENTLY ON WWW.GUIDESTAR.ORG. THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND KEY EMPLOYEES, AND THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS PUBLISHED ANNUALLY IN THE SCHOOL'S PERSONNEL MANUAL. FORM 990, PART XI, LINE 9: BAD DEBT -9,330. UNRELATED BUSINESS INCOME 43,060. DISALLOWED QUALIFIED TRANSPORTATION FRINGE BENEFITS -3,676. FORM 990, PART XII, LINE 2 (C) THERE IS NO CHANGE IN THE PROCESS FROM PRIOR YEARS. FORM 990, PART V, LINE 14 (B) THIS ORGANIZATION DOES NOT OFFER OR PROVIDE TANNING SERVICES.