2018-02-28T17:30:10-06:00 2017-06-30 111986323 Marcum LLP 1 Montgomery Street Suite 1700 San Francisco CA 94104 990 2016-07-01 205758127 Presidio Knolls School Inc PRES 4152020770 250 10th Street San Francisco CA 94103 David Lessing COO 4152020770 2018-02-24 1 Steven H Boultbee P01228676 4154326200 64.124.51.210 2018-02-24 09:45:09 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8F81FF8299AA7F7CDFD1CE24C7EE9EE45E9480E8 2016 2021-01-29 14:40:06Z Judy Fox 250 10th Street San Francisco CA 94103 13079293 0 X www.presidioknolls.org X 2006 CA To nurture the young heart and mind in a joyful learning environment 20 20 116 300 0 0 5748610 4292977 6987429 8478943 504 547 427972 306826 13164515 13079293 791175 847055 0 0 4272507 5491746 0 0 388706 2009265 2649386 7072947 8988187 6091568 4091106 35012991 38295382 21364962 22588336 13648029 15707046 X Our mission is to nurture the young heart and mind in a joyful learning environment, where the convergence of progressive education and Mandarin immersion ignites curiosity, connectedness, and engagement in the world. 0 1 7044651 847055 8785769 Presidio Knolls School (PKS) is a private, non-profit, coeducational school founded as a preschool in 2008 in San Francisco, California, offering a Reggio Emilia inspired educational approach with Mandarin immersion program. In 2012, the school began an emerging K-8 program. For the 2016/2017 school year, the school had kindergarten, 1st, 2nd, 3rd, and 4th grades. Additional grades will be added each subsequent year until 8th grade. 7044651 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 50 0 1 116 1 0 0 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Aileen De Leon 4152020770 250 10th Street San Francisco CA 94103 Katie Biber Secretary 5.00 X X 0 0 0 DAVid LESSING Treasurer/COO/acting head 40.00 X X 58333 0 583 MATT KOIDIN CO-CHAIR 5.00 X X 0 0 0 JEREMY LIEW CO-CHAIR 5.00 X X 0 0 0 RANEE LAN Trustee 5.00 X 0 0 0 RACHEL BORDOLI Trustee 5.00 X 0 0 0 LANIER COLES Trustee 5.00 X 0 0 0 JOE HALLER Trustee 5.00 X 0 0 0 CHING-YEE HU Trustee 5.00 X 0 0 0 KURT MENNING Trustee 5.00 X 0 0 0 LAURA NADLER Treasurer 5.00 X X 0 0 0 JOHN STRICKLIN Trustee 5.00 X 0 0 0 KEVIN WONG Trustee 5.00 X 0 0 0 MELODY MECKFESSEL Trustee 5.00 X 0 0 0 LEO MA Trustee 5.00 X 0 0 0 ANGELA WONG Trustee 5.00 X 0 0 0 Anu Menon Trustee 5.00 X 0 0 0 Cheng-Ling Chen Trustee 5.00 X 0 0 0 Karen Gullo Trustee 5.00 X 0 0 0 Jimmy Quach Trustee 5.00 X 0 0 0 Diana Yin Trustee 5.00 X 0 0 0 Lee Ann Drolet Head of School to Feb 17 40.00 X 286580 0 9232 344913 0 9815 1 0 1 0 Meylan Construction 3145 Kerner Blvd A san rafael CA 94901 Building Construction and Renovation 1498300 Studio Bondy Architecture 110 Linden St oakland CA 94607 Construction Project Management 341343 Carney Sandoe & Associates 200 High Street Suite 610 Boston MA 02110 Recruitment 119841 3 4292977 168919 4292977 TUITION AND FEES 611600 8478943 8478943 8478943 547 547 preschool for all funding 611600 301750 301750 Other Income 900099 5076 5076 306826 13079293 8785769 0 547 847055 847055 492124 369093 98425 24606 4139965 3104974 827993 206998 35296 26472 7059 1765 457369 343027 91474 22868 366992 275244 73398 18350 125256 93942 25051 6263 35001 26251 7000 1750 67484 50613 13497 3374 158928 119196 31786 7946 89294 66970 17859 4465 4561 3421 912 228 207568 155676 41514 10378 566914 425185 113383 28346 439218 329413 87844 21961 49886 37415 9977 2494 education expenses 441051 441051 Plant Operations & Main 194855 146141 38971 9743 hiring / recruitment 149074 111805 29815 7454 other expenses 92528 50881 33318 8329 27768 20826 5554 1388 8988187 7044651 1554830 388706 1335837 2084873 199384 613459 3907888 1536996 3677931 4667417 11920 104151 30905780 1660156 25842412 29245624 37619 42862 35012991 38295382 684033 1742360 4990555 5759498 13100000 15029122 36000 0 2250000 304374 57356 21364962 22588336 X 9652578 14066037 3995451 1641009 13648029 15707046 35012991 38295382 X 4091106 -2032089 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14886958 14886958 15632221 1403602 14228619 384983 254936 130047 1618 1618 0 29245624 interest rate swap 57356 57356 X 12232238 -847055 -847055 13079293 0 13079293 10173221 2032089 2032089 8141132 847055 847055 8988187 Part X, Line 2: U.S. GAAP requires management to evaluate the tax positions taken and recognize a tax liability (or asset) if the organization 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 in progress. Part XI, Line 2d - Other Adjustments: financial aid awards, tuition remission and PFA credits -847,055. Part XII, Line 2d - Other Adjustments: unrealized gain on interest rate swap -247,018. Loss from uncollectible promise to give 2,279,107. Part XII, Line 4b - Other Adjustments: financial aid awards, tuition remission and PFA credits 847,055. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 RACIAL NONDISCRIMINATION POLICY WAS PRINTED IN THE SAN FRANCISCO CHRONICLE ON JUNE 6, 2017. Schedule E, Part I, Line 6 Presidio Knolls School qualifies for Preschool For All / Headstart / First Five funds which covers a portion of the tuition of children enrolled in the 4 year old program, and some 3 year old programs, depending on birth date. The family must be resident in San Francisco. 1 tuition assistance 26 351017 tuition remission 11 189850 preschool for all program: tuition credits 53 306188 Part I, Line 2: Tuition assistance: The School uses a third party provider to monitor who should receive assistance. the award is applied to each receipients tuition balance. tuition remission: tuition remission is offered to employees and applied to each receipients tuition balance. tuition credits: the School receives Preschool For All funds which covers a portion of the tuition of children enrolled in the 4 year old program, and some 3 year old programs, depending on birth date, for families resident in San Francisco. X X X 0 0 0 0 0 0 0 0 0 Lee Ann Drolet Head of School to Feb 17 286580 0 0 0 0 0 0 0 9232 0 295812 0 0 0 A ABAG Finance Authority for Nonprofit Corporations 943130123 2015-01-27 13100000 See Below 0 0 0 B ABAG Finance Authority for Nonprofit Corporations 943130123 2016-11-09 4915000 See Below 0 0 0 A 349648 13100000 250000 12850000 2016 0 0 1 1 B 62998 2341768 8248 394704 1938816 1 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 Compass Bank 5.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 Compass Bank 4.400000000000 0 0 0 0 1 A 1 B 1 Schedule K, Part 1, line A, description of purpose: To assist in the acquisition of the School's campus in addition to paying costs of issuance. Schedule K, Part 1, line B, description of purpose: To assist in paying off a portion of senior loans, the costs of issuance and campus improvements. 103079 Tuition remission discounted tuition Friends of PKS LLC See Below 3500000 See Below 0 Schedule L, Part IV, relationship between interested person and the org: The members of Friends of PKS, LLC are either school trustees or a spouse of a trustee: Jeremy Liew, Ranee Lan, Melody Meckfessel, Laura B. Nadler, David Nadler, Kurt Menning, Kevin S. Wong, Leo K. Ma, and Lanier Coles. Effective January 1, 2017, Dave Lessing's interest was purchased by other members of Friends of PKS, LLC. Schedule L, Part IV, Description of Transaction: On 1/27/15, the School entered into a loan agreement with the ABAG Finance Authority for Nonprofit Corporations (the Authority) for the issuance of up to $3,500,000 ABAG Finance Authority for Nonprofit Corporations 2015 Tax-Exempt Subordinate Loan (Presidio Knolls School) pursuant to a subordinate loan agreement between Friends of PKS, LLC, the Authority and the School. The loan was used to assist in purchasing the campus. These funds are included in the issue price of $13.1 million on Schedule K. X 12 168919 FMV 0 0 1 0 Form 990, Part III, line 3 The school added 4th grade in 2016/17. Additional grades will be added each subsequent year until 8th grade. Form 990, Part VI, Section A, line 2 trustees Jeremy Liew and Ranee Lan are married. The members of Friends of PKS, LLC (see Schedule L) are either school trustees or a spouse of a trustee. Form 990, Part VI, Section B, line 11b The Board Executive Committee, Board Finance Committee and Board Fundraising/Development Committee review the tax return prior to filing. The Board Finance Committee approves the final tax return prior to filing. After filing, the public disclosure copy is shared with all committee members. Form 990, Part VI, Section B, line 12c The conflict of interest covers board members, officers and key employees who are required to annually disclose any potential conflicts. Disclosures are collected and reviewed by the Corporate Secretary and Controller. Potential conflict will be reported to the COO and the Executive Committee will decide if any additional action is necessary. Form 990, Part VI, Section B, line 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. Form 990, Part VI, Section C, line 19 upon request Form 990, Part XI, line 9: unrealized gain on interest rate swap 247,018. Loss from Uncollectible Promise to Give -2,279,107. Form 990, Part XII, Line 2c: This process has not changed from the prior year.