2018-05-11T11:09:32-05:00 2017-06-30 111986323 Marcum LLP 1 Montgomery Street Suite 1700 San Francisco CA 94104 990 2016-07-01 943204137 Menlo School MENL 6503302000 50 Valparaiso Avenue Atherton CA 94027 Allen Lantor CFO 6503302000 2018-05-08 1 George Uccelli P00282278 4154326200 2016 2022-09-23 18:48:47Z than healy 50 Valparaiso Avenue Atherton CA 94027 55266120 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 29 29 421 1010 -25171 -25171 21866729 14412912 32818544 34061850 141003 748503 2165498 2169274 56991774 51392539 5427488 5749184 0 0 25927060 27909769 0 0 1530269 16516027 18045042 47870575 51703995 9121199 -311456 223453355 245146010 51924765 70030519 171528590 175115491 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 45738852 5749184 36243687 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 795 STUDENTS. 45738852 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 0 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 92 0 1 421 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 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 CHRIS DRESSEL TRUSTEE 2.00 X 0 0 0 MARIA FRANTZ TRUSTEE 2.00 X 0 0 0 EARL FRY 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 PURVI KUNWAR TRUSTEE 2.00 X 0 0 0 ANTONIO LOPEZ 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 MARK STEVENS 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 THAN HEALY HEAD OF SCHOOL 40.00 X 456904 0 61055 heather hannan assit to head/board secretary 40.00 X 98754 0 26832 BILL SILVER CFO 40.00 X 262750 0 30136 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 40.00 X 222537 0 46329 Michael Thibodeaux upper school faculty 40.00 X 166759 0 31386 VIDYA KAGAN DIR OF data manag & research for dev 40.00 X 173539 0 47513 TONY LAPOLLA DEAN OF STUDENTS 40.00 X 202624 0 27851 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 40.00 X 218273 0 31095 ERIC SPROSS DIRECTOR OF TECHNOLOGY 40.00 X 178006 0 30794 1980146 0 332991 79 0 1 0 Korth Sunseri Hagey Architects 349 Sutter St San francisco CA 94108 Architecture 356985 Universal Protection Service LP PO Box 101034 Pasadena CA 911891034 security 274121 Artistled 210 W 78th St 6B New York NY 10024 artistic/musical 219119 Bay Area Graphics LLC 1181 Chess Dr H Foster City CA 94404 design/printing 196532 knowing technologies 1528 s el camino real 110 san mateo CA 94402 technology 188803 9 1491815 12921097 1249467 14412912 STUDENT TUITION 611600 34061850 34061850 34061850 274415 -25171 299586 146550 0 146550 146550 146550 4083364 3609276 474088 474088 474088 35278 1491815 219682 -184404 -184404 69914 44623 25291 25291 other 611600 1149726 1149726 music@menlo 611600 468510 468510 child care revenue 624410 293569 293569 270032 270032 2181837 51392539 36243687 -25171 761111 5749184 5749184 1183352 690867 388382 104103 20668439 18388376 1519206 760857 2105048 1949905 66624 88519 2435683 2262074 91289 82320 1517247 1329071 131008 57168 168208 14161 154047 104050 104050 3017434 2699243 142202 175989 59968 56108 3231 629 2099433 1975792 60583 63058 96868 46495 50373 2110914 2105247 5667 452037 444578 5841 1618 714583 712 713871 4061513 3552264 349365 159884 428070 19497 408573 music@menlo 2128877 2128877 supplies 553216 509000 40643 3573 bus PROGRAM SERVICES 528792 528792 ENTRANCE FEES 332543 332027 216 300 1188536 956582 199703 32251 51703995 45738852 4434874 1530269 22806831 45105009 34589631 9060864 7694333 8058651 7274082 6906637 1044500 521500 80126 73947 743421 680352 169195895 47534964 105104930 121660931 2523146 10779183 40434273 40851844 213740 342588 944342 1104504 223453355 245146010 4581622 6541319 29143143 30495483 15000000 32993717 3200000 51924765 70030519 X 136933103 137795869 13762664 14323694 20832823 22995928 171528590 175115491 223453355 245146010 X -311456 3994939 -96582 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46067000 3083000 4334000 2883000 50601000 44328000 4917000 -764000 2414000 46067000 43124000 649000 2369000 1814000 44328000 37002000 2386000 4955000 1219000 43124000 35434000 546000 2253000 1231000 37002000 0.40000 0.45000 0.15000 0 0 32700000 32700000 119991659 34218091 85773568 4661188 3284934 1376254 3927440 3645577 281863 7915608 6386362 1529246 121660931 LIMITED PARTNERSHIP INTERESTS 40851844 F 40851844 X 49800000 3994939 -5657272 -1662333 51462333 -69794 -69794 51392539 46216000 168686 168686 46047314 5656681 5656681 51703995 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, 2017, 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: PARENTS ASSOCIATION EXPENSES 17,503. ROUNDING -591. financial aid and scholarships (netted against tuition) -5,674,184. Part XI, Line 4b - Other Adjustments: COST OF GOODS SOLD -44,623. unrelated business income -25,171. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 44,623. ROUNDING 2,313. Write off on uncollectable promises to give 121,750. Part XII, Line 4b - Other Adjustments: financial aid and scholarships (netted against tuition) 5,674,184. PARENTS ASSOCIATION EXPENSE -17,503. 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 6, 2017. The policy is also stated on the School's website and Admissions materials. AUCTION event 1527093 1491815 35278 52831 104847 1725 60279 1527093 1491815 35278 52831 104847 1725 60279 219682 -184404 1 FINANCIAL AID 5674184 FMV Granting of financial aid COLLEGE TUITION GRANT 9 75000 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 406124 0 50780 0 0 0 31800 0 29255 0 517959 0 0 0 BILL SILVER CFO 242750 0 20000 0 0 0 28545 0 1591 0 292886 0 0 0 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 209583 0 12954 0 0 0 24974 0 21355 0 268866 0 0 0 Michael Thibodeaux upper school faculty 157433 0 9326 0 0 0 19012 0 12374 0 198145 0 0 0 VIDYA KAGAN DIR OF data manag & research for dev 173539 0 0 0 0 0 21113 0 26400 0 221052 0 0 0 TONY LAPOLLA DEAN OF STUDENTS 191385 0 11239 0 0 0 18432 0 9419 0 230475 0 0 0 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 185605 0 32668 0 0 0 19303 0 11792 0 249368 0 0 0 ERIC SPROSS DIRECTOR OF TECHNOLOGY 165920 0 12086 0 0 0 20080 0 10714 0 208800 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 6283 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 this year when THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN refinancing their prior debt and conSTRUCTIng CERTAIN FACILITIES ON THEIR CAMPUS 21415 tuition remission discounted tuition 3715 financial aid Financial aid award Deborha Blake Spouse of Than Healy, Head of School. 31416 Events management services 0 X 75 858330 FMV X auction items, GIK 279 391137 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. IT IS REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. 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 25,171. Write off of uncollectable promises to give -121,750. Rounding -3. 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