2017-12-12T18:04:58-06:00 2017-06-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2016-07-01 942240127 Keys Family Day School Inc KEYS 6503281711 2890 Middlefield Road Palo Alto CA 94306 Stacie Cheng Treasurer 6503281711 2017-12-12 1 Katy Brown P00650274 9257902600 50.201.92.30 2017-12-12 13:30:58 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 46224B3882C76CCD1FB823C5BC194BF18F7C02BD 2016 2017-02-10 21:41:12Z Keys School ALONA SCOTT 2890 Middlefield Road Palo Alto CA 94306 11829935 0 X www.keysschool.org X 1973 CA KEYS FAMILY DAY SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, NONSECTARIAN DAY SCHOOL. 22 21 91 362 0 0 1192580 1489744 10029336 10165698 64103 78791 76259 11686 11362278 11745919 676825 608043 0 0 6884988 7397415 0 14063 734414 3229474 3168971 10791287 11188492 570991 557427 23073092 23139894 11143324 10361946 11929768 12777948 X Keys Family Day School is an independent K-8 school that offers a broad hands-on curriculum. It fosters high academic achievement and emphasizes balanced growth-intellectual, physical, emotional, and social-for every student. Within a diverse and supportive community, Keys provides a caring and creative environment that encourages children to love learning, to take intellectual risks, to act as global citizens, and to treat others with respect and empathy. 0 0 7982087 608043 10165698 KEYS FAMILY DAY SCHOOL PROVIDES EDUCATION AT THE KINDERGARTEN THROUGH EIGHTH GRADE LEVELS TO APPROXIMATELY 320 STUDENTS. 7982087 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 91 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 CA X Steven Smith Dir of Finance & Operations 6503281711 3981 El Camino Real Palo Alto CA 94306 Jesse Johnson Board Chair 2.00 X X 0 0 0 Ramesh Rajagopal Vice Chair 2.00 X X 0 0 0 Jonathan Manson Vice Chair 2.00 X X 0 0 0 Lisa Bourgeault Vice Chair 2.00 X X 0 0 0 Rodrigo Liang Secretary 2.00 X X 0 0 0 Jung Choi Treasurer 2.00 X X 0 0 0 Ann Jaquith Trustee 2.00 X 0 0 0 Carolyn Choi Trustee 2.00 X 0 0 0 David Fischer Trustee 2.00 X 0 0 0 David Webster Trustee 2.00 X 0 0 0 Elaine Leff Trustee 2.00 X 0 0 0 Huifen Chan Trustee 2.00 X 0 0 0 John Schafer Trustee 2.00 X 0 0 0 Laura Ching Trustee 2.00 X 0 0 0 Tony Carrasco Trustee 2.00 X 0 0 0 Richard Alfonsi Trustee 2.00 X 0 0 0 Gloria Chen Trustee 2.00 X 0 0 0 Stacie Chen Trustee 2.00 X 0 0 0 Matthew Gemello Trustee 2.00 X 0 0 0 Roger Lee Trustee 2.00 X 0 0 0 David Yuan Trustee 2.00 X 0 0 0 Alona Scott Head of School 40.00 X X 334308 0 45443 Steven Smith Dir. of Finance and Ops 40.00 X 195366 0 21280 Katherine Atmore Dir. Community Engagement and Growth 40.00 X 161324 0 12303 Elizabeth Doss Lower School Head 40.00 X 134640 0 10598 Jennifer Tyler Director of Admissions 40.00 X 112992 0 38641 Larry Purcell Head of Middle School 40.00 X 124771 0 14871 1063401 0 143136 16 0 1 0 Hines Services Inc 91 Lost Lake Lane Campbell CA 95008 Maintenance & Janitorial Services 245936 Naturalist at Large PO Box 3517 Ventura CA 93006 Outdoor Education Provider 156201 2 255438 1234306 187079 1489744 Tuition and Fees 611710 9833000 9833000 Auxiliary Fees 611600 310455 310455 Application/late fees 611600 22243 22243 10165698 77807 77807 13985 0 13985 13985 13985 664 1766 0 1446 664 320 984 984 80271 255438 82570 -2299 -2299 11745919 10165698 0 90477 608043 608043 817222 533139 284083 5314298 3942966 1077355 293977 341979 253628 69022 19329 496088 439183 54333 2572 427828 281788 108043 37997 39327 39327 36260 36260 14063 14063 480661 287559 176756 16346 22760 6400 16360 232703 158974 52714 21015 53116 27106 23084 2926 737103 648239 82862 6002 21 21 74933 48046 22556 4331 331424 293595 37506 323 601995 559697 38886 3412 49226 39768 9228 230 Outdoor Education 318730 318730 Other expense 190712 74765 104499 11448 11188492 7982087 2471991 734414 243231 288517 1932948 1230506 22907 17744 98001 173623 21488732 4272606 17559103 17216126 2925615 4213378 291287 23073092 23139894 1007048 1075047 1311084 1616267 8787116 7631032 38076 39600 11143324 10361946 X 10907556 11555969 472201 671968 550011 550011 11929768 12777948 23073092 23139894 557427 290753 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1759467 0 178807 1938274 1699887 59580 1759467 1614204 1450 84233 1699887 1388509 4100 221595 1614204 1117001 135543 135965 1388509 0.47060 0.28380 0.24560 0 0 8092492 8092492 11044832 2984676 8060156 795957 467300 328657 1519808 820630 699178 35643 35643 17216126 Deferred Rent 39600 39600 X 11428629 290753 -608043 -317290 11745919 0 11745919 10580449 0 10580449 608043 608043 11188492 Part V, Line 4: The School's endowment consists of funds established for a variety of purposes, including professional development. Part X, Line 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER THE PROVISIONS OF 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT, AS OF JUNE 30, 2017 AND 2016, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. Part XI, Line 2d - Other Adjustments: Tuition assistance -608,043. Part XII, Line 4b - Other Adjustments: Tuition Assistance 608,043. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Keys Family Day School joins with other Bay Area independent schools to publish their nondiscrimination policy once a year in the San Francisco Chronicle. Schedule E, Part I, Line 4 ALL AID IS COMPLETELY NEED BASED AND RACIALLY BLIND. Annual Auction 316785 253677 63108 63108 Skate night 6892 1761 5131 5131 5 12032 12032 14331 335709 255438 80271 82570 82570 -2299 1 Financial Aid 27 608043 FMV Tuition reduction Part I, Line 2: Tuition assistance is awarded based on third-party evaluation of family financial situations, which includes the review of income tax filings. Tuition assistance awards are applied directly to student accounts as an offset to billable tuition. X X X 0 0 0 0 0 0 0 0 0 Alona Scott Head of School 334308 0 0 0 0 0 18550 0 26893 0 379751 0 0 0 Steven Smith Dir. of Finance and Ops 195366 0 0 0 0 0 13851 0 7429 0 216646 0 0 0 Katherine Atmore Dir. Community Engagement and Growth 161324 0 0 0 0 0 11293 0 1010 0 173627 0 0 0 Jennifer Tyler Director of Admissions 112992 0 0 0 0 0 7997 0 30644 0 151633 0 0 0 A California Municipal Finance Authority 201563466 2010-11-09 11892000 Construction 0 0 0 A 3981652 11892000 223575 11668425 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 Schedule K, Part IV, Arbitrage, Line 2b: All bond proceeds were used to pay off a bridge loan and to finance construction shortly after issuance. No proceeds were ever invested, so there has been no investment income generated by any bond funds. X 8 187079 FMV 0 1 0 Part I, Column (b): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The 990 is first reviewed by the Director of Finance and Operations and the Finance Committee of the Board. It is then signed by the Treasurer and provided to the Board members before filing. Form 990, Part VI, Section B, line 12c Each Trustee, officer, member of a committee with board-delegated powers, and member of Administration (as applicable) shall annually sign a statement which affirms that such person: has received a copy of the conflicts of interest policy, has read and understands the policy, and has agreed to comply with the policy. Employees are to use good judgment, to adhere to high ethical standards, and to avoid situations that create an actual or potential conflict between the employee's personal interest and the interests of the School. All Board Members, Officers, and Employees must disclose all material facts regarding any actual or possible conflict(s) of interest. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed. The remaining board or committee members shall decide if a conflict of interest exists. Form 990, Part VI, Section B, line 15 In both cases, data is gathered from NAIS (National Association of Independent Schools) and ISBOA (Independent Schools Business Officers Association), a California group. All data is reviewed and the Head of School's salary is set by the Executive Committee of the Board of Trustees. The Head makes a recommendation to the Committee for the compensation of finance and operations which they also review for reasonableness. Form 990, Part VI, Section C, line 19 All documents are available from the Director of Finance and Operations upon request. Form 990, Part VI, Section B, Line 14: A document retention policy is under formation. Currently, both the Development and Business Offices have crafted initial 10-year document retention policies. Development and Business Office documents following the 10-year window have been transferred to a secure facility. Form 990, Part XII, Line 2c: The process has not changed from the prior year.