2017-12-12T17:17:39-06:00 2017-06-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2016-07-01 943204136 Menlo College MENL 6505433753 1000 El Camino Real Atherton CA 94027 Steven Weiner Executive VP, Finance & Admin 6505433753 2017-12-12 1 Katy Brown P00650274 9257902600 50.201.92.30 2017-12-12 10:44:35 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B8A03A9FCF3A62C48EECDADA24CD44032D6EB9C3 2016 2017-02-10 21:41:12Z Steven Weiner 1000 El Camino Real Atherton CA 94027 41711196 0 X WWW.MENLO.EDU X 1994 CA TO DEVELOP FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION. 24 24 471 28 0 0 802571 1958074 35041120 36568383 41174 1303634 884776 685553 36769641 40515644 13797712 14636286 0 0 13923349 14143600 0 0 100170 12066008 11924833 39787069 40704719 -3017428 -189075 44583864 42926034 16683138 13342024 27900726 29584010 X MENLO COLLEGE WAS FOUNDED IN 1927 AS A COMPONENT OF MENLO SCHOOL AND COLLEGE. ON JULY 1, 1994, THE COLLEGE COMMENCED OPERATIONS AS A SEPARATE, NON-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION. THE SEPARATION BETWEEN MENLO SCHOOL AND MENLO COLLEGE WAS FINALIZED IN 2008. TODAY MENLO OPERATES AS A SMALL, INNOVATIVE, PRIVATE RESIDENTIAL COLLEGE RECOGNIZED BY U.S. NEWS & WORLD REPORT AND THE PRINCETON REVIEW FOR THE EXCELLENCE OF ITS PROGRAMS. 0 0 35909145 14636286 36568383 The College provides instruction to approximately 769 full-time students in a four-year undergraduate management program. Expenditures include dormitory, dining, student union, and health services. 35909145 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 990 0 1 471 1 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Steven Weiner Executive VP Finance & Admin 6505433753 1000 EL CAMINO REAL ATHERTON CA 94027 T Geir Ramleth Chairman 1.00 X 0 0 0 Micah Kane Vice Chairman 1.00 X 0 0 0 Charles J Keenan III Vice Chairman 1.00 X 0 0 0 Thomas Byers Trustee 1.00 X 0 0 0 Lee Caraher Trustee 1.00 X 0 0 0 Andrea Cunningham Trustee 1.00 X 0 0 0 Howard Dallmar Trustee 1.00 X 0 0 0 James A Davlin Trustee 1.00 X 0 0 0 John Henry Felix Trustee 1.00 X 0 0 0 Julie Filizetti Trustee 1.00 X 0 0 0 Chris Garrett Trustee 1.00 X 0 0 0 J Michael Gullard Trustee 1.00 X 0 0 0 Richard L Humphreys Sr Trustee 1.00 X 0 0 0 David C Irmer Sr Trustee 1.00 X 0 0 0 Harry W Kellogg Jr Trustee 1.00 X 0 0 0 Connor Limont Trustee 1.00 X 0 0 0 Jordan Long Trustee 1.00 X 0 0 0 Larry Lopez Trustee 1.00 X 0 0 0 Sean Mendy Trustee 1.00 X 0 0 0 Thomas Morehouse Trustee 1.00 X 0 0 0 William Redmon Trustee 1.00 X 0 0 0 Thomas J Scannell Trustee 1.00 X 0 0 0 Laurie Shaw Trustee 1.00 X 0 0 0 Tyler Edelstein Tuttle Trustee 1.00 X 0 0 0 Benjamin Wagner Trustee 1.00 X 0 0 0 Richard Moran President 40.00 X 383639 0 160223 Steven Weiner Executive VP of Finance & 40.00 X 279040 0 32781 Terry Givens Provost 40.00 X 229202 0 31535 Soumendra De Faculty 40.00 X 166707 0 26249 Deborah McCabe Faculty 40.00 X 159880 0 25717 Leslie Sekerka Associate Professor 40.00 X 143814 0 24839 Angela Schmiede Dean, Acad & Prof Success 40.00 X 143603 0 29723 Dima Leshchinkli Assistant Professor 40.00 X 143146 0 25069 1649031 0 356136 23 0 1 0 Sodexo Inc & Affiliates 1000 El Camino Real Atherton CA 94027 Food services 2504094 Apex 70 Domain Street Suite 2 San Francisco CA 94124 Janitorial Services 302863 Gachina Landscape Management Inc 1130 OBrien Drive Menlo Park CA 94025 Landscaping/Grounds 222641 FA Solutions LLC 600 1st Ave N St Petersburg FL 33701 Consulting 218520 Universal Protection Service 1551 N Tustin Ave Suite 650 Santa Ana CA 92705 Security Guard Services 125684 7 73873 1884201 16267 1958074 Student Tuition 611600 29597082 29597082 Auxiliary Fees 611600 6971301 6971301 36568383 347411 347411 2151775 1124540 71012 1027235 -71012 956223 956223 Other Revenue 900099 685553 685553 685553 40515644 36568383 0 1989187 14636286 14636286 905000 230000 675000 10450592 9237672 1133420 79500 748815 612008 129652 7155 1275246 798589 468707 7950 763947 650707 107675 5565 76422 76422 109442 109442 74816 74816 1580536 1187517 393019 314451 235507 78944 128016 85102 42914 435951 114 435837 1237112 1141465 95647 795567 768611 26956 43272 32871 10401 22576 22576 1588041 1508795 79246 652881 405293 247588 Program - Dining Hall 2200055 2200036 19 Operations and Maintena 1585591 1294933 290658 Program Other 888807 825421 63386 Other Expenses 191297 58218 133079 40704719 35909145 4695404 100170 721458 460723 2167656 2435492 358900 332900 10127779 8630315 60120 24441 529814 462941 21182277 13668445 7755762 7513832 17322378 16774605 5111776 6139529 428221 151256 44583864 42926034 1608571 1858554 13383182 11356644 1000000 0 691385 126826 16683138 13342024 X 15926518 16236409 4455181 5754306 7519027 7593295 27900726 29584010 44583864 42926034 -189075 1872359 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10380784 4565 1672629 250000 11807978 10956560 16415 -342191 250000 10380784 10980132 104666 121762 250000 10956560 9371014 348767 1510351 250000 10980132 8784403 1825 850467 265681 9371014 0.09470 0.64310 0.26220 0 0 202500 202500 1664676 114783 1549893 12007517 8194311 3813206 3104747 2200897 903850 4202837 3158454 1044383 7513832 Other Stocks 925331 F Partnership Interests 5214198 F 6139529 Annuity Reserves 126826 126826 X 27757196 1872359 5479 -14636286 -12758448 40515644 0 40515644 26073912 5479 5479 26068433 14636286 14636286 40704719 Part V, Line 4: Endowment assets include those assets of donor-restricted funds that the College must hold in perpetuity or for a donor-specified period(s). As well as Board-designated funds, the College expects its endowment funds, over time, to provide an average rate of return of approximately 5 percent annually. Actual returns in any given year may vary from this amount. Part X, Line 2: The College has received determination letters from the Internal Revenue Service and the State of California indicating that the College is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code of 1954, as amended and the Revenue and Taxation Code of the State of California, respectively. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The College has evaluated its current tax positions and has concluded that as of June 30, 2017 and 2016, the College does not have any significant uncertain tax positions for which a reserve would be necessary. Part XI, Line 2d - Other Adjustments: Scholarships and financial aid -14,636,286. Part XII, Line 4b - Other Adjustments: Scholarships and financial aid 14,636,286. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Menlo College includes in all registration materials the following statement regarding equal opportunity and access to its programs. The same statement is published on the Menlo College website as follows: Menlo does not discriminate on the basis of race, color, national origin, gender, sexual orientation, disability, age, or other attributes protected by law in any of its policies, procedures, or practices. The nondiscrimination policy covers admission and access to, and treatment and employment in, the College's programs and activities. Menlo College draws 69% of students from California, and 56% of students are from minority groups. Schedule E, Part I, Line 6 Students attending the College receive support in the form of scholarships and financial aid from state and federal governments. 1 Institutional scholarships 781 14636286 FMV Direct credit to student account Part I, Line 2: Menlo College requires financial aid applicants submit evidence of eligibility and maintains ongoing records of attendance and scholastic achievements by all recipients. X 1 1 X X 0 0 0 0 0 0 0 0 0 Richard Moran President 383639 0 0 0 0 0 36000 0 124223 0 543862 0 0 0 Steven Weiner Executive VP of Finance & 279040 0 0 0 0 0 24750 0 8031 0 311821 0 0 0 Terry Givens Provost 229202 0 0 0 0 0 20700 0 10835 0 260737 0 0 0 Soumendra De Faculty 166707 0 0 0 0 0 14513 0 11736 0 192956 0 0 0 Deborah McCabe Faculty 159880 0 0 0 0 0 13977 0 11740 0 185597 0 0 0 Leslie Sekerka Associate Professor 143814 0 0 0 0 0 13099 0 11740 0 168653 0 0 0 Angela Schmiede Dean, Acad & Prof Success 143603 0 0 0 0 0 13500 0 16223 0 173326 0 0 0 Dima Leshchinkli Assistant Professor 143146 0 0 0 0 0 13329 0 11740 0 168215 0 0 0 Part I, Line 1a As campus housing is a condition of employment, the housing allowance is not included in the taxable income of the School's President. Approximate market value of the housing provided is $9,000/month, and is included in the nontaxable benefits listed in Schedule J, Part II, Column (D). Pamela Gullard Spouse of non-compensated trustee Michael Gullard 37400 Adjunct Professor compensation 0 Form 990, Part VI, Section B, line 11b BEFORE FILING, THE FORM 990 IS REVIEWED BY THE BOARD AUDIT COMMITTEE, AND IS THEN SHARED WITH THE FULL BOARD MEMBERSHIP. Form 990, Part VI, Section B, line 12c The Conflict of Interest policy applies to Interested Persons, which include any director, principal officer, or member of a committee with board delegated powers who have a direct or indirect financial interest in a potential transaction with Menlo College. Trustees are required to sign an annual Conflict of Interest form disclosing any potential conflicts at the October board meeting. A person with a potential conflict of interest may present material facts to the board or committee contemplating the potentially conflicted transaction. Non-interested members then determine whether a conflict of interest exists. If a conflict is determined to exist, the non-interested board or committee members investigate whether there is a more advantageous option available to Menlo College that would not present a conflict of interest. After evaluating options, a majority vote of non-interested members is needed to proceed with the proposed conflicted transaction. Persons with a potential conflict of interest are not permitted to participate in discussion or voting on matters pertaining to the potential conflict. Failure to disclose possible or actual conflicts of interest will result in investigation and/or appropriate disciplinary and corrective action. Form 990, Part VI, Section B, line 15 Comparable data was reviewed, and compensation and benefit payments were determined and approved by the Board and/or the Board's Executive Committee, and the CEO. Form 990, Part VI, Section C, line 19 Upon written request, the Organization will provide copies of financial statements and filed tax returns. The Organization relies on Guidestar to publish their tax return on the internet. Form 990, Part XII, Line 2c: The process has not changed from the prior year. Menlo School and Menlo College 1000 El Camino Real Atherton CA 94027 941156656 HOLDS TITLE TO BUILDINGS USED BY MENLO SCHOOL AND MENLO COLLEGE CA 501(C)(3) Line 12a, I N/A 0 Pooled Income Fund Investments CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 Menlo School and Menlo College Q 194450 FMV Menlo School and Menlo College P 1270 FMV