2018-05-15T17:28:48-05:00 2017-06-30 111986323 Marcum LLP 1 Montgomery Street Suite 1700 San Francisco CA 94104 990 2016-07-01 770530703 German International School of Silicon Valley GERM 6502540748 310 Easy Street Mountain View CA 94043 Anne Hess President 6502540748 2018-04-23 1 JULIET SONG P00857784 4154326200 2016 2022-09-23 18:48:47Z Anne Hess 310 Easy Street Mountain View CA 94043 15662980 0 X www.gissv.org X 1999 CA german international school of silicon valley (THE SCHOOL) PROVIDES GERMAN GOVERNMENT-ACCREDITED ELEMENTARY AND SECONDARY EDUCATION. 9 9 143 750 0 0 1291030 523186 12927925 14183610 63 0 717856 763846 14936874 15470642 1623580 2021614 0 0 6236459 7058959 0 0 211994 5465367 7087800 13325406 16168373 1611468 -697731 12582081 14089822 5842954 8048179 6739127 6041643 X THE SCHOOL HAS COMMITTED ITSELF TO ENSURING STUDENTS REACH THEIR FULL ACADEMIC POTENTIAL IN A NURTURING ENVIRONMENT THAT FOSTERS CRITICAL AND IMAGINATIVE THINKING, A PASSION FOR LIFELONG LEARNING AND AN APPRECIATION FOR CULTURAL DIVERSITY. 0 0 12451598 2021614 14183610 THE SCHOOL IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED IN 1999 IN MOUNTAIN VIEW, CALIFORNIA, OFFERING A MULTILINGUAL, MULTICULTURAL EDUCATION TO STUDENTS FROM PRE-SCHOOL THROUGH 12TH GRADE. MEETING THE STRICT ACCREDITATION REQUIREMENTS OF THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC) AS WELL AS THE GERMAN GOVERNMENT, THE SCHOOL IS THE ONLY INSTITUTION IN THE WESTERN PART OF THE UNITED STATES TO OFFER DUAL DIPLOMAS UPON GRADUATION, THE GERMAN INTERNATIONAL ABITUR (DIAP), AS WELL AS THE CALIFORNIA HIGH SCHOOL DIPLOMA-QUALIFYING GRADUATES FOR ACCEPTANCE INTO THE BEST AMERICAN AND EUROPEAN UNIVERSITIES.WITH THREE LOCATIONS THROUGHOUT THE SAN FRANCISCO BAY AREA (MOUNTAIN VIEW, BERKELEY, AND SAN FRANCISCO) THE SCHOOL CURRENTLY SERVES THE NEEDS OF OVER 600 STUDENTS. 12451598 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 85 0 1 143 1 0 1 GM 0 0 0 1 1 0 0 0 0 X 9 9 0 0 0 0 0 1 1 1 1 0 0 1 1 0 1 1 1 1 1 0 CA X Michael Nielson 6502540748 310 EASY STREET MOUNTAIN VIEW CA 94403 Anne Hess PRESIDENT 10.00 X X 0 0 0 Kareen Weissenberg Treasurer (SINCE 5/2017) 5.00 X X 0 0 0 Christian Cramer Until 52017 TREASURER 5.00 X X 0 0 0 cornelia bohle-neubrand VICE-PRESIDENT 5.00 X X 0 0 0 Manfred Mueller BOARD MEMBER 5.00 X 0 0 0 christine dobele-munson board MEMBER 5.00 X 0 0 0 Cay Horstmann BOARD MEMBER 5.00 X 0 0 0 kathrin randall BOARD MEMBER 5.00 X 0 0 0 rachel scott beckert board MEMBER 5.00 X 0 0 0 Eric Lauterbach BOARD MEMBER 5.00 X 0 0 0 Walter C Rossmann BOARD MEMBER 5.00 X 0 0 0 Michael Nielsen chief administrative officer 40.00 X 0 0 0 Michael Koops head of school 40.00 X 0 0 0 sebastian geus vice-head of school 40.00 X 0 0 0 Shahid Chisty Until 112016 chief administrative officer 40.00 X 148612 0 11880 Morena Waack Head of Preschool & Kindergarten 40.00 X 101217 0 4454 249829 0 16334 2 0 1 0 Bruce G Fielding Jr 1394 Cuernavaca Circulo Mountain View CA 94040 Finance & Accounting, Construction & Saf 135058 1 20919 300257 202010 523186 TUITION 611600 14049190 14049190 OTHER INCOME 611600 134505 134505 FIELDTRIPS 611600 -85 -85 14183610 763846 0 763846 763846 763846 192338 20919 192338 0 15470642 14183610 0 763846 800 800 2020814 2020814 263560 176585 86975 6014445 5115510 806113 92822 51015 43004 7257 754 297668 250922 42345 4401 432271 364966 60864 6441 129672 129672 234992 234992 32421 32421 143157 120867 20157 2133 240608 203145 33878 3585 8096 6835 1140 121 1783408 1325599 413998 43811 48691 41110 6856 725 113765 97747 16018 662608 559440 93295 9873 117533 99233 16549 1751 GRANT REPAYMENT 1156921 1156921 aftERSCHOOL PROGRAM 544960 544960 teaching materials 396174 396174 IMPAIRMENT OF CONSTRUCT 344843 344843 1129951 1083887 487 45577 16168373 12451598 3504781 211994 3875596 5272849 182425 208396 24578 742618 472590 250244 10865119 3584384 7803919 7280735 222973 334980 12582081 14089822 729807 1949725 1400249 2573829 1062 1062 3429653 3194138 282183 329425 5842954 8048179 X 6734198 6028809 4929 12834 6739127 6041643 12582081 14089822 -697731 247 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1200000 1200000 3083380 813673 2269707 5149464 1867963 3281501 979898 699269 280629 452377 203479 248898 7280735 LEASE DEPOSIT 50000 deferred rent liability 279425 329425 X 14761480 247 1311405 1311652 13449828 2020814 2020814 15470642 15458964 1311405 1311405 14147559 2020814 2020814 16168373 Part IV, Line 2b: THE SCHOOL HOLDS CASH ON BEHALF OF VARIOUS SCHOOL CLUBS. 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 (IRC) and section 23701d of the California Revenue and Taxation Code, respectively. Management evaluated the School's tax positions and has concluded that they maintained their tax exempt status and had taken no uncertain tax positions that would require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The School's evaluation on June 30, 2017, revealed no tax positions that would have a material impact on the financial statements. The tax returns on the School are subject to examination by federal and state taxing authorities. However, there are currently no examinations in progress or pending. Part XI, Line 4b - Other Adjustments: financial aid awards and discounts for the 2016/17 school year 2,020,814. Part XII, Line 4b - Other Adjustments: financial aid awards and discounts for the 2016/17 school year 2,020,814. 1 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 racial nondiscrimination POLICY was published IN THE SAN FRANCISCO CHRONICLE ON june 6, 2017. This NEWSPAPER PUBLICATION SERVES THE ENTIRE SAN FRANCISCO BAY AREA. THE SAME POLICY IS STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. Schedule E, Part I, Line 4 THE SCHOOL SIMPLY DOES NOT COLLECT OR TRACK RACIAL COMPOSITION OF EITHER STAFF OR STUDENTS. EUROPE FUNDRAISING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VARIOUS FUNDRAISING ACTIVITIES 213257 20919 192338 192338 213257 20919 192338 192338 192338 0 0 FINANCIAL AID AND TUITION DISCOUNTS 351 2020814 FMV FINANCIAL AID AND DISCOUNTS TOWARD TUITION 0 0 0 0 0 0 0 0 0 Shahid Chisty Until 112016 chief administrative officer 148612 0 0 0 0 0 0 0 11880 0 160492 0 0 0 Form 990, Part VI, Section A, line 7a THE CURRENT FAMILIES ELECT THE NEW BOARD MEMBERS DURING THE ANNUAL SOCIETY (PARENT) MEETING. AN ELECTION COMMITTEE MONITORS THE ELECTIONS AND MAKES SURE ALL PROCEDURES adhered to oUR BY-LAWS. CANDIDATES FILL OUT A FORM AND PRESENT THEMSELVES TO THE PARENTS WHO THEN VOTE. Form 990, Part VI, Section A, line 7b THE SCHOOL'S PARENTS ORGANIZATION MUST VOTE ON CREDIT EXTENDED TO THE SCHOOL IF IT EXCEEDS 30% OF THE OPERATING BUDGET AND MUST APPROVE OF THE BUDGET ANNUALLY. Form 990, Part VI, Section B, line 11b THE AUDIT COMMITTEE REVIEWS THE COMPLETED FORM 990 BEFORE FILING. Form 990, Part VI, Section B, line 12c EACH YEAR AT THE FIRST BOARD MEETING FOLLOWING THE ELECTION OF NEW OFFICERS, THE CONFLICT OF INTEREST POLICIES AND OTHER BOARD RULES ARE REVIEWED WITH ALL BOARD MEMBERS. Form 990, Part VI, Section B, line 15 THE HUMAN RESOURCES COMMITTEE REVIEWS SALARIES, APPROVES ALL SALARY CHANGES AND APPROVES ALL NEW HIRES. Form 990, Part VI, Section C, line 19 MOST GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE, OTHERS CAN BE INSPECTED UPON REQUEST. FINANCIAL REPORTS ARE ALSO PRESENTED AT THE SEMI-ANNUAL PARENT SOCIETY MEETINGS. Form 990, Part XII, Line 2C: The process has not changed from the previous year. Form 990, Part IX, Line 24A: REPAYMENT OF GRANTS TO THE GERMAN GOVERNMENT The Federal Republic of Germany provided funding to initially renovate and make subsequent improvements to the Hillside property by providing two grants of $509,400 and $590,900 in August 2012 and February 2015, respectively. Due to the discontinuance of the Hillside property for educational purposes in January 2017, the German Government is entitled to repayment for these grants. The amount to be repaid is the ratio of the grant amount to the original purchase price, multiplied by the expected sales price less annual grant depreciation of 4%. Accrued interest is calculated at 5% above basic rate of -0.88% at June 30, 2017, pursuant to section 247 of the German Civil code. The amount to be repaid is due upon the sale of the property. Based on the grant agreements, the School estimated accrued payment and interest that must be paid back to the German government are included in accrued grant repayment in the statement of financial position.