2018-01-08T10:18:18-06:00 2017-06-30 946214841 Armanino LLP 50 W San Fernando St Ste 500 San Jose CA 95113 990 2016-07-01 942599581 International School of the Peninsula INTE 6502518500 151 Laura Lane Palo Alto CA 943033221 PHILIPPE DIETZ Head of School 6502518525 2017-12-14 1 Lawrence S Kuechler P00365375 4082006400 2017-12-14 38.104.135.22 2017-12-14 15:54:45 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1660D9D96D1CA10093BC688201E7BDF3C13909DD 2016 2021-01-29 14:40:06Z Philippe Dietz 151 Laura Lane Palo Alto CA 943033221 17764859 0 X www.istp.org X 1979 CA To educate students through a rigorous and dynamic bilingual program. 19 18 187 250 0 0 1312013 2195687 15713832 15140967 121386 185613 36300 76451 17183531 17598718 744607 4000 0 0 10716871 12155493 0 3501 746535 4815377 4304804 16276855 16467798 906676 1130920 30364337 30788873 20421779 19365765 9942558 11423108 X The International School of the Peninsula educates students through a rigorous and dynamic bilingual program, inspiring them to develop an inquisitive and responsible international mindset. 0 0 13354504 4000 15140967 In nursery through kindergarten, students are immersed in French or Chinese for 80% of their instructional time. In the first through fifth grades, students spend between 50-70% of their instructional time in the immersion language (French or Chinese). The French curriculum follows guidelines from the French Ministry of Education, allowing students to continue their studies on grade level in any French school in the world after they leave ISTP. The sixth through eighth grade Middle School combines both the Chinese and French Programs to create an international middle school. Students from both programs are mixed for classes taught in English and separated for classes taught in Chinese or French. The Middle School program prepares students for success in American, French or International High Schools.Total of 564 students were served during the year. 13354504 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 187 1 0 1 FR 0 0 0 1 1 1 1 0 0 1 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Diane Morris CFO 6502518525 151 Laura Lane Palo Alto CA 94303 Sophie Bromberg tRUSTEE 1.00 X 0 0 0 Stephen Kim bOARD cHAIR 5.00 X X 0 0 0 Jean Viret trustee 1.00 X 0 0 0 Himanshu Dwivedi Trustee 1.00 X 0 0 0 Terri Kalia Trustee 1.00 X 0 0 0 Lloyd Kurtz Trustee 1.00 X 0 0 0 Gary Meeker Secretary 1.00 X X 0 0 0 Chris Cooper Trustee 1.00 X 0 0 0 Kristine Lui Trustee 1.00 X 0 0 0 Kian Wright Trustee 1.00 X 0 0 0 Brad Vollmer treasurer 1.00 X X 0 0 0 Philippe Dietz Head of School 40.00 X X 400972 0 33633 Alan Seem trustee 1.00 X 0 0 0 Ouliana bonnet trustee 1.00 X 0 0 0 Lisa Lee trustee 1.00 X 0 0 0 Celine Boutte Vice Chair 1.00 X X 0 0 0 Eric O'Brien TrustEE 1.00 X 0 0 0 Renee Brown TruSTEE 1.00 X 0 0 0 Cindy Irissou TrustEE 1.00 X 0 0 0 Lisa Miles TruSTEE 1.00 X 0 0 0 Diane Morris Chief Financial Officer 40.00 X 101735 0 4375 Patricia Colin-groleau Director of Development 40.00 X 163947 0 20835 Katharine Lussen Assistant Head of School 40.00 X 169852 0 34384 Barbara Greiner Middle School Prin. 40.00 X 148039 0 18952 Patricia Majorel Early Years Princ. 40.00 X 144824 0 17229 Chris Liviccari Lower School Principal 40.00 X 143810 0 16835 Mathieu Farrugia Director of Technology 40.00 X 137748 0 18977 Francois Guedenet Former Director of Finance 0.00 X 209689 0 10781 1620616 0 176001 11 1 1 0 FTAN Construction 488 Second Ave Redwood City CA 94063 General Contractor 116404 1 423090 1772597 208562 2195687 Tuition & enrollment fees 611600 14577366 14577366 Fees and other 611710 369044 369044 After-school classes 611600 177130 177130 Child care 611710 17427 17427 15140967 170226 170226 18373 30509 33495 0 -15122 30509 15387 15387 209097 423090 132646 76451 76451 17598718 15140967 0 262064 4000 4000 813032 627362 185670 8833595 7842215 630882 360498 357294 316494 38268 2532 1420100 1166460 210195 43445 731472 627196 71198 33078 87114 87114 81274 81274 3501 3501 71847 71847 133741 133741 265916 241121 24795 41951 41951 922414 891975 22138 8301 24745 22045 2700 116331 116331 458802 443661 11011 4130 680023 657582 16321 6120 290879 281280 6981 2618 Field Trips & Other Act 501480 501480 Supplies & Equipment 419293 419293 After School Program 154139 154139 Other Program Expenses 54855 26684 28171 16467798 13354504 2366759 746535 91094 575898 10920472 10073655 174375 125567 45533 33428 55250 69261 226365 254990 19429077 6254280 13156501 13174797 5575272 6481277 119475 0 30364337 30788873 1858166 1744249 10181222 10702390 8295000 6862658 87391 56468 20421779 19365765 X 6108433 6533412 1212100 1488175 2622025 3401521 9942558 11423108 30364337 30788873 1130920 349630 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3453180 854014 358636 25424 4640406 3543523 63602 -153945 3453180 3359022 90834 93667 3543523 2932833 113451 411999 99261 3359022 2625308 62115 245411 2932833 0.73300 0.26700 0 0 4774693 4774693 10834327 3545289 7289038 1828993 1460782 368211 1597599 1129000 468599 393465 119209 274256 13174797 iNTEREST IN CHARITABLE REMAINDER TRUST 431779 F Equity Investments 3333830 F cash for endowment 418018 F Fixed income 2297650 F 6481277 Capital lease 56468 56468 X 17940847 349630 -7501 342129 17598718 0 17598718 16460297 0 16460297 7501 7501 16467798 Part V, Line 4: The earnings from the endowment funds will be used to further the mission of the school by providing operating funds and additional funds to help provide a better education for the students. We have several endowment funds. The CDG Fund is intended to generate unrestricted income. We have two scholarship/financial aid funds and one art fund. These will eventually generate income to help those areas of our budget and are restricted to those areas. Part X, Line 2: The School has evaluated its current tax positions and has concluded that as June 30, 2017, the School does not have any significant uncertain tax positions for which a reserve would be necessary. Part XI, Line 2d - Other Adjustments: Scholarship Expenses -4,000. car donation auction expense -3,501. Part XII, Line 4b - Other Adjustments: Scholarship Expenses 4,000. car donation auction expense 3,501. 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 California Association of School Business Officers publishes in local newspapers a joint statement regarding nondiscrimination. Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Purchase textbooks and supplies; academic fieldtrips 55106 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services academic fieldtrips 46541 0 0 0 0 0 0 101647 0 101647 0 0 0 0 0 0 Part I, Line 2: The School purchases supplies and textbooks from France, China, and Taiwan to support its multilingual education programs. The School organizes overnight field trips to France and Asia as part of its academic and enrichment programs. Part I, line 3: cash Soiree du Vin 154100 78431 75669 26558 28011 Gala 478087 344659 133428 45633 32444 632187 423090 209097 72191 60455 132646 76451 X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Philippe Dietz Head of School 340972 0 60000 0 0 0 23800 0 9833 0 434605 0 0 0 Patricia Colin-groleau Director of Development 163947 0 0 0 0 0 12250 0 8585 0 184782 0 0 0 Katharine Lussen Assistant Head of School 169852 0 0 0 0 0 11727 0 22657 0 204236 0 0 0 Barbara Greiner Middle School Prin. 148039 0 0 0 0 0 10463 0 8489 0 166991 0 0 0 Patricia Majorel Early Years Princ. 144824 0 0 0 0 0 10360 0 6869 0 162053 0 0 0 Chris Liviccari Lower School Principal 143810 0 0 0 0 0 8250 0 8585 0 160645 0 0 0 Mathieu Farrugia Director of Technology 137748 0 0 0 0 0 10500 0 8477 0 156725 0 0 0 Francois Guedenet Former Director of Finance 209689 0 0 0 0 0 7347 0 3434 0 220470 0 0 0 Part I, Line 1a The Head of School was given a $8,048 discretionary spending account for school related expenses only. A Boston Private Bank & California municipal Finance Authority 201563466 999999999 2017-02-09 7200000 refinance of the 2006 CSCDA bonds 0 0 0 A 159665 7200000 183680 2017 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 2C All bond proceeds, along with the certificate of deposit restricted for previously required bond reserves, were utilized to repay and extinguish the previous bond obligation in full as of 02/09/2017 . No proceeds were ever invested. X 1 8100 Gross sales proceeds X 26 200462 Avg mkt value 1 0 1 0 Form 990 part I line 13 and Form 990 Part VIII line 2a In 2016, the "grant paid" amount reported on 990 Part I line 13 is significantly less than what was reported in prior year column. This is because the tuition discounts are reclassed to net with tuition revenue (Form 990 part VIII line 2a). Tuition discounts used to be reported as grants to students in the prior 990s. However, since there is no cash disbursement involved, it is approriate to reduce the tuition revenue rather than to report the discounts as grant. Total tuition discounts incurred were $ 946,207 in fiscal year 2016-2017. Form 990, Part VI, Section B, line 11b There is an Audit Committee and a Finance Committee that reviews the Form 990 first, but the entire Board then receives a complete copy and approves it before filing. Form 990, Part VI, Section B, line 12c The policy covers all employees, trustees, and contractors. Issues are reported to the Head of School. Trustees are required to fill out a conflict of interest form, which is turned in to the Board secretary who reads and keeps the forms. Board members are reminded to report any relationships that may be in conflict with the policy. Form 990, Part VI, Section B, line 15 Head of School and Chief Financial Officer: Both have local and national comparative data of their peers that is reviewed by the Board for the Head of School and by the Head of School for the Chief Financial Officer. Both processes were undertaken in Spring 2016. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request and are on file in the business office. The governing documents and conflict of interest policy are available on the school's website. Form 990, Part XII, Line 2c: The process has not changed from the prior year.