2017-05-12T19:03:13-05:00 2016-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2015-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2017-05-12 1 MAGA E KISRIEV P01008919 4157810793 2015 2021-01-29 14:40:06Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 38836086 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 10TH. 29 28 267 316 0 0 15251075 5610002 25271990 30512337 156365 236001 746807 617128 41426237 36975468 1962227 2688394 0 0 14255474 17799924 0 0 614196 14913623 17540019 31131324 38028337 10294913 -1052869 159464850 162247615 74284072 78409625 85180778 83837990 X OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 0 25193222 2688394 30512337 SEE SCHEDULE O. 25193222 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 176 0 1 267 1 0 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X MINFANG GAO STEVE COLE 6503504600 131 E 28TH AVENUE SAN MATEO CA 94403 BRUCE COZADD CHAIR 1.00 X X 0 0 0 GERALD RISK VICE CHAIR 1.00 X X 0 0 0 JAMES ISAACS VICE CHAIR 1.00 X X 0 0 0 HOON CHO TREASURER 1.00 X X 0 0 0 MARA WALLACE SECRETARY 1.00 X X 0 0 0 KAT ALFOND TRUSTEE 1.00 X 0 0 0 SUSAN BARNES TRUSTEE 1.00 X 0 0 0 DERRICK BOLTON TRUSTEE 1.00 X 0 0 0 JANET CHESTON TRUSTEE 1.00 X 0 0 0 KATHLEEN DONOHUE TRUSTEE 1.00 X 0 0 0 BONNIE FOUGHT TRUSTEE 1.00 X 0 0 0 ROBERT FRANK TRUSTEE 1.00 X 0 0 0 LANDIS GREEN TRUSTEE 1.00 X 0 0 0 VERNON C GRIGG III TRUSTEE 1.00 X 0 0 0 ZACK HERLICK TRUSTEE 1.00 X 0 0 0 RICK HOLMSTROM TRUSTEE 1.00 X 0 0 0 KARLA JURVETSON TRUSTEE 1.00 X 0 0 0 ANDREW KLEIN TRUSTEE 1.00 X 0 0 0 JOE KRAUS TRUSTEE 1.00 X 0 0 0 LEON KUAN TRUSTEE 1.00 X 0 0 0 ZOD NAZEM TRUSTEE 1.00 X 0 0 0 KRISTINA PHIPPS TRUSTEE 1.00 X 0 0 0 RIE RUBIN TRUSTEE 1.00 X 0 0 0 JODY SIEVERS TRUSTEE 1.00 X 0 0 0 KR SRIDHAR TRUSTEE 1.00 X 0 0 0 MARC TARPENNING TRUSTEE 1.00 X 0 0 0 STEVE VASSALLO TRUSTEE 1.00 X 0 0 0 GRACE VOORHIS TRUSTEE 1.00 X 0 0 0 CHRIS WARDEN TRUSTEE 1.00 X 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 40.00 X 552036 0 53188 TERRY LEE ASSOCIATE HEAD OF SCHOOL 40.00 X 395915 0 16630 SHIRLEY DOXTAD FINANCE DIRECTOR (THRU 5/11/16) 40.00 X 163633 0 18350 TARYN GROGAN DIRECTOR OF ADMISSIONS 40.00 X 164785 0 16794 KIM SAXE INNOVATION LAB DIRECTOR 40.00 X 137457 0 16653 MATT BERMAN WEBSITE DIRECTOR/TEACHER 40.00 X 135050 0 16510 AMANDA ALONZO UPPER SCHOOL ASSISTANT HEAD OF SCHOOL 40.00 X 129877 0 11226 1678753 0 149351 22 0 1 0 DEVCON CONSTRUCTION INC 690 GIBRALTAR DRIVE MILPITAS CA 95035 CONSTRUCTION 3419481 WL BUTLER CONSTRUCTION INC 204 FRANKLIN STREET REDWOOD CITY CA 94063 CONSTRUCTION 3182997 FLIK PO BOX 50196 LOS ANGELES CA 90074 LUNCH PROGRAM & CATERING SERVICE 851390 CYO TRANSPORTATION 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94015 BUS TRANSPORTATION 748498 LEDDY MAYTUM STACY ARCHITECTS 677 HARRISON STREET SAN FRANCISCO CA 94107 ARCHITECTURAL PROFESSIONAL SERVICES 669150 22 663848 4946154 1076554 5610002 TUITION AND FEES 611699 26817998 26817998 OTHER PROGRAM SERVICE REVENUE 611710 1993643 1993643 LUNCH PROGRAM REVENUE 611710 826199 826199 STUDENT TRANSPORTATION REVENUE 611710 557330 557330 SUMMER PROGRAM REVENUE 611710 317167 317167 30512337 240710 240710 1387631 1392340 -4709 -4709 -4709 1085406 663848 468278 617128 617128 36975468 30512337 0 853129 2688394 2688394 911500 911500 13787013 11255132 2118366 413515 3101411 2353077 650292 98042 61724 61724 63350 63350 7425 7425 3148078 1422782 1699359 25937 22098 18241 3857 353928 197091 133281 23556 1220208 1220208 879303 879303 1992 1255 737 679748 568506 102936 8306 1566749 1566749 3428047 3428047 251964 251964 INSTRUCTIONAL EXPENSE 1676668 1676668 CURRICULAR TRIP EXPENSE 1586943 1586943 STUDENT TRANSPORTATION 922532 922532 LUNCH PROGRAM 687814 687814 981448 594579 342029 44840 38028337 25193222 12220919 614196 2608905 3985598 19733170 14822169 2365229 1190172 6820966 8181138 534159 342484 142025002 17945974 117676685 124079028 8787473 8517824 938263 1129202 159464850 162247615 3922270 3398401 25126798 30360535 40000000 39539602 5235004 5111087 74284072 78409625 X 34037622 35704979 42848552 39682107 8294604 8450904 85180778 83837990 159464850 162247615 -1052869 -289919 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9022079 156300 -74187 366500 8737692 9702881 5100 -132082 553820 9022079 8860058 1378014 535191 9702881 8677289 16838 676980 511049 8860058 8930736 344684 -138642 459489 8677289 0.00000 0.96720 0.03280 0 0 23074513 23074513 111215131 13599343 97615788 6953420 4346631 2606789 781938 781938 124079028 X 33997155 -289919 -289919 34287074 2688394 2688394 36975468 35339943 0 35339943 2688394 2688394 38028337 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. THE SCHOOL'S SPENDING POLICY ALLOWS FOR ANNUAL TRANSFERS UP TO 7% OF THE PORTFOLIO VALUE, WHERE THE PORTFOLIO VALUE IS DETERMINED BASED ON AN AVERAGE OF THE PRECEDING 12 QUARTER PORTFOLIO MARKET VALUES AT THE END OF EACH PERIOD. THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 2,688,394. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 2,688,394. 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 FOLLOWING STATEMENT IS USED IN ALL PUBLICATIONS AND ON THE SCHOOL'S WEBSITE: "THE NUEVA SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, OR NATIONAL OR ETHNIC ORIGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL AND DOES NOT DISCRIMINATE ON THE BASIS OF THESE FACTORS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AWARD PROGRAMS, OR ATHLETIC AND OTHER SCHOOL PROGRAMS." SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 338431 CENTRAL AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 322389 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 164779 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 179225 0 0 0 0 0 0 1004824 0 1004824 0 0 0 0 0 0 THE NUEVA BENEFIT AUCTION 1749254 663848 1085406 4920 1000 270130 3050 189178 1749254 663848 1085406 4920 1000 270130 3050 189178 468278 617128 1 FINANCIAL AID & ADDITIONAL AID RELATED TO EDUCATION 136 2688394 PART I, LINE 2: INDIVIDUAL AMOUNTS ARE DETERMINED BY HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DIRECTOR OF FINANCE, AND DIRECTOR OF ADMISSIONS. TOTAL BUDGET AMOUNT IS APPROVED BY BOARD. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 342218 0 0 0 209818 0 13250 0 39938 0 605224 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL 291250 0 0 0 104665 0 6625 0 10005 0 412545 0 0 0 SHIRLEY DOXTAD FINANCE DIRECTOR (THRU 5/11/16) 163633 0 0 0 0 0 8335 0 10015 0 181983 0 0 0 TARYN GROGAN DIRECTOR OF ADMISSIONS 140285 0 0 0 24500 0 7014 0 9780 0 181579 0 0 0 KIM SAXE INNOVATION LAB DIRECTOR 135457 0 2000 0 0 0 6799 0 9854 0 154110 0 0 0 MATT BERMAN WEBSITE DIRECTOR/TEACHER 135050 0 0 0 0 0 6804 0 9706 0 151560 0 0 0 PART I, LINE 1A DIANE ROSENBERG IS REQUIRED TO LIVE IN SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B DIANE ROSENBERG RECEIVED $209,818 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. TERRY LEE RECEIVED $104,665 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. TARYN GROGAN RECEIVED HOUSING ALLOWANCE DURING 2015. THE FAIR MARKET VALUE IS APPROXIMATELY $24,500, WHICH IS TREATED AS TAXABLE COMPENSATION. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 196900 39803100 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 95190 FIN AWARD TUITION X 56 1038002 FAIR MARKET VALUE X GIFT CERTIFICATE 78 16314 FAIR MARKET VALUE X MISCELLANEOUS 9 6271 FAIR MARKET VALUE X TICKETS 32 6089 FAIR MARKET VALUE X CAMP 5 5032 FAIR MARKET VALUE X TRIP / TOUR 7 3620 FAIR MARKET VALUE X FOOD 4 1126 FAIR MARKET VALUE X TOYS 1 100 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS THE NUEVA SCHOOL, AN INTERNATIONALLY RECOGNIZED, NONPROFIT, INDEPENDENT DAY SCHOOL, HAS SERVED GIFTED AND TALENTED LEARNERS SINCE 1967. TODAY, NUEVA SERVES OVER 800 STUDENTS PREK 12 AND EXPECTS TO GROW TO OVER 950 STUDENTS IN THE NEXT FEW YEARS. NUEVA IS LOCATED IN THE NEIGHBORING TOWNS OF HILLSBOROUGH AND SAN MATEO, EQUIDISTANT BETWEEN SAN FRANCISCO AND SILICON VALLEY, SERVING SIX DIFFERENT COUNTIES THROUGHOUT THE BAY AREA OF NORTHERN CALIFORNIA. A CONSTRUCTIVIST SCHOOL, NUEVA IS KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, PROJECT-BASED LEARNING, AND PIONEERING WORK IN SOCIAL-EMOTIONAL LEARNING AND DESIGN THINKING. THE NUEVA COMMUNITY INSTILLS A PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY, AND DEVELOPS THE IMAGINATIVE MIND. OUR SCHOOL HAS RECEIVED THE US DEPARTMENT OF EDUCATION NATIONAL BLUE RIBBON AWARD AND THE AMERICAN INSTITUTE OF ARCHITECTS AWARD FOR SCHOOL DESIGN AND SUSTAINABILITY, HAS BEEN RECOGNIZED AS AN APPLE DISTINGUISHED PROGRAM AND APPOINTED AN ASHOKA CHANGEMAKER SCHOOL, CO-FOUNDED THE COMMON GROUND SPEAKER SERIES, HOSTS THE BIENNIAL INNOVATIVE LEARNING CONFERENCE, AND WAS HIGHLIGHTED BY THE PULITZER PRIZE WINNING AND NEW YORK TIMES BEST-SELLING AUTHOR THOMAS FRIEDMAN IN HIS BOOK THAT USED TO BE US IN THE CHAPTER "AVERAGE IS OVER." FORM 990, PART VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CONTROLLER FOR REVIEW. THE CONTROLLER FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR AND THE ASSOCIATE HEAD OF SCHOOL FOR REVIEW. THE ASSOCIATE HEAD OF SCHOOL FORWARDED THE FORM 990 TO THE HEAD OF SCHOOL, FINANCE COMMITTEE CO-CHAIRS, AND BOARD EXECUTIVE COMMITTEE AS WELL AS ALL THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING. ALL REVIEWERS WERE ENCOURAGED TO FORWARD QUESTIONS TO THE ASSOCIATE HEAD OF SCHOOL/TREASURER/FINANCE DIRECTOR. EITHER THE ASSOCIATE HEAD OF SCHOOL/TREASURER/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, HEAD OF SCHOOL, OFFICERS AND ALL EMPLOYEES OF THE SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE HEAD OF SCHOOL AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).