2017-05-15T10:56:31-05:00 2016-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2015-07-01 940338330 THE BRANSON SCHOOL BRAN 4154543612 PO BOX 887 ROSS CA 94957 EDWARD B PINGER ASST. HEAD OF SCHOOL & CFO 4154543612 2017-05-11 1 KATY BROWN P00650274 9257902600 2015 2021-01-29 14:40:06Z GREG SWART PO BOX 887 ROSS CA 94957 20241916 0 X WWW.BRANSON.ORG X 1926 CA TO PROVIDE A QUALITY EDUCATION TO STUDENTS GRADES 9 THROUGH 12. 18 18 141 100 -598 -1130 2730648 3128649 13624535 14112751 1894844 1117627 182694 200000 18432721 18559027 2237571 2120411 0 0 9907014 9882313 0 0 957350 7399234 6751243 19543819 18753967 -1111098 -194940 71998569 70511593 32907462 32440035 39091107 38071558 TO PROVIDE AN ACADEMICALLY EXCEPTIONAL EDUCATION TO STUDENTS GRADE 9 THROUGH 12 IN A WARM, SUPPORTIVE, AND NURTURING ENVIRONMENT. 0 0 12930840 2120411 14112751 THE BRANSON SCHOOL MAINTAINS AND CONDUCTS A SECONDARY SCHOOL FOR GIRLS AND BOYS IN WHICH THEY ARE PROVIDED WITH SUCH INSTRUCTION AND EDUCATION THAT SHALL BE ADEQUATE FOR THE PREPARATION OF STUDENTS FOR ADMISSION TO UNIVERSITIES AND COLLEGES OF THE HIGHEST ATTAINMENT. THE BRANSON SCHOOL ENCOURAGES STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, DEVELOP THEIR INDIVIDUAL TALENTS AND INTERESTS, AND PURSUE A LIFE-LONG PASSION FOR LEARNING. 12930840 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 0 0 0 0 0 0 0 0 0 1 93 0 1 141 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X EDWARD B PINGER CFO & ASST HEAD OF SCHOOL 4154557163 39 FERNHILL AVENUE ROSS CA 94957 GREG SWART BOARD CHAIR 2.00 X X 0 0 0 DAVID SHIMMON VICE CHAIR 2.00 X X 0 0 0 MARLENE BATES TREASURER 2.00 X X 0 0 0 LAUREN LAMM SECRETARY 2.00 X X 0 0 0 STACEY CASE ASSISTANT SECRETARY 2.00 X X 0 0 0 BEN BODIPO-MEMBA TRUSTEE 2.00 X 0 0 0 VICTOR CASTILLO TRUSTEE 2.00 X 0 0 0 MICHELLE DOUGLAS TRUSTEE 2.00 X 0 0 0 MAUREEN FAN TRUSTEE 2.00 X 0 0 0 JULIE FLYNN TRUSTEE 2.00 X 0 0 0 ELSA LEUNG TRUSTEE 2.00 X 0 0 0 CLAUDIA LEWIS TRUSTEE 2.00 X 0 0 0 HARRISON MILLER TRUSTEE 2.00 X 0 0 0 KATE MOORE TRUSTEE 2.00 X 0 0 0 BRUCE RAABE TRUSTEE 2.00 X 0 0 0 JANI ROSS TRUSTEE 2.00 X 0 0 0 MARY SAUER TRUSTEE 2.00 X 0 0 0 JAMES SCHURZ TRUSTEE 2.00 X 0 0 0 ELLEN MORCERI INTERIM HEAD OF SCHOOL 40.00 X 175268 0 1406 EDWARD PINGER ASST HEAD OF SCHOOL & CFO 40.00 X 243012 0 23247 PHIL GUTIERREZ ASST HOS FOR ADVACEMENT & EXTERNAL AFFAIRS 40.00 X 165906 0 33903 WHITAKER KAREN ASST HOS FOR ACADEMIC AFFAIRS 40.00 X 158060 0 24934 DENNIS SHANNON HISTORY TEACHER 40.00 X 146896 0 8836 MEREDITH HERRERA COLLEGE COUNSELOR 40.00 X 137464 0 14862 ANNIE TSANG DIRECTOR OF ADMISSIONS 40.00 X 189493 0 14162 DAMON KERBY THROUGH 63015 INTERIM HEAD OF SCHOOL 40.00 X 215985 0 10806 1432084 0 132156 29 1 1 0 VALLEY PRECISION GRADING INC 3330 LUYUNG DRIVE RANCHO CORDOVA CA 95472 CONSTRUCTION SERVICES 1060184 EPICURE GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 FOOD SERVICE 692245 CYO TRANSPORTATION SERVICES 699 SERRAMONTE BLVD 210 DALY CITY CA 94015 BUS SERVICE 238371 PEAK BUILDING SERVICES 845 OLIVE AVENUE SUITE 211 NOVATO CA 94945 CUSTODIAL SERVICES 182267 FOLGER LEVIN LLP 199 FREMONT STREET 20TH FLOOR SAN FRANCISCO CA 94105 LEGAL 152758 8 793264 2335385 3128649 TUITION AND FEES 611600 13378349 13378349 AUXILLARY SERVICES 611600 526255 526255 SUMMER PROGRAMS 611600 190640 190640 OTHER PROGRAM REVENUE 611600 17507 17507 14112751 789432 -598 790030 202484 56619 145865 145865 145865 1843946 1515751 328195 328195 328195 92238 793264 110519 -18281 -18281 INSURANCE PROCEEDS 900099 72416 72416 72416 18559027 14112751 -598 1318225 2120411 2120411 629133 90616 447901 90616 7390546 4932111 1918264 540171 458885 298275 124812 35798 834803 542622 232924 59257 568946 360044 172051 36851 128909 128909 52742 52742 1047692 654713 352538 40441 43640 15465 28175 321429 267784 51909 1736 332076 265661 66415 1072346 617002 404355 50989 82543 49637 26728 6178 147184 93724 50467 2993 1200358 901648 266430 32280 67084 67084 DEBT SERVICE COSTS 931200 838080 93120 OTHER EXPENSES 825746 400218 393663 31865 ATHLETIC PROGRAM 498294 498294 18753967 12930840 4865777 957350 2099 8126 9868157 9702302 226315 176315 160802 326930 0 10812 96724 240365 41585417 19392549 21895047 22192868 36552544 35387957 2464554 2465918 732327 0 71998569 70511593 1240187 1020355 7177233 7484192 22200000 21598431 2290042 2337057 32907462 32440035 X 969416 957920 23325183 21921730 14796508 15191908 39091107 38071558 71998569 70511593 -194940 -824609 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22100253 199741 -42273 804408 21453313 22305739 136930 433348 775764 22100253 19412704 217781 3394771 719517 22305739 17955276 56585 2077834 676991 19412704 17626932 1213410 -276358 608708 17955276 0.03710 0.70810 0.25480 0 0 1333389 1333389 35964796 16089297 19875499 4075269 3303252 772017 211963 211963 22192868 INTEREST RATE SWAP 2337057 2337057 X 15871953 -824609 -2029603 -2854212 18726165 -167138 -167138 18559027 16891502 167138 167138 16724364 2029603 2029603 18753967 PART V, LINE 4: THE BRANSON SCHOOL ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT THE GENERAL OPERATIONS OF THE SCHOOL, INCLUDING FINANCIAL AID SUPPORT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED, AND CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE/SCHOLARSHIPS -2,029,603. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED IN REVENUE -110,519. RENTAL EXPENSES INCLUDED IN REVENUE -56,619. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED IN REVENUE 110,519. RENTAL EXPENSES INCLUDED IN REVENUE 56,619. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE/SCHOLARSHIPS 2,029,603. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALONG WITH OTHER SCHOOLS, THE BRANSON SCHOOL HAS PUBLICIZED ITS NON-DISCRIMINATION POLICY IN THE SAN FRANCISCO CHRONICLE UNDER "PUBLIC NOTICES (NON-GOVERNMENT)". BRANSON CONNECTED 885502 793264 92238 110519 885502 793264 92238 110519 110519 -18281 1 TUITION ASSISTANCE 71 2029603 FMV TUITION ASSISTANCE IS CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. TUITION REDUCTION GRANT 71 90808 FMV TUITION ASSISTANCE IS CREDITED DIRECTLY TO THE STUDENT'S ACCOUNT. PART I, LINE 2: FINANCIAL AID IS AVAILABLE EXCLUSIVELY FOR STUDENTS ENROLLED AT THE BRANSON SCHOOL AND IS CREDITED DIRECTLY TO RECIPIENT STUDENT ACCOUNTS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ELLEN MORCERI INTERIM HEAD OF SCHOOL 175268 0 0 0 0 0 0 0 1406 0 176674 0 0 0 EDWARD PINGER ASST HEAD OF SCHOOL & CFO 243012 0 0 0 0 0 12728 0 10519 0 266259 0 0 0 PHIL GUTIERREZ ASST HOS FOR ADVACEMENT & EXTERNAL A 165906 0 0 0 0 0 15578 0 18325 0 199809 0 0 0 WHITAKER KAREN ASST HOS FOR ACADEMIC AFFAIRS 158060 0 0 0 0 0 12770 0 12164 0 182994 0 0 0 DENNIS SHANNON HISTORY TEACHER 146896 0 0 0 0 0 7892 0 944 0 155732 0 0 0 MEREDITH HERRERA COLLEGE COUNSELOR 137464 0 0 0 0 0 6451 0 8411 0 152326 0 0 0 ANNIE TSANG DIRECTOR OF ADMISSIONS 189493 0 0 0 0 0 5159 0 9003 0 203655 0 0 0 DAMON KERBY THROUGH 63015 INTERIM HEAD OF SCHOOL 215985 0 0 0 0 0 9867 0 939 0 226791 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON-CAMPUS HOUSING TO THE HEAD OF SCHOOL. THE VALUE OF THIS BENEFIT HAS BEEN INCLUDED IN PART VII OF FORM 990 AND SCHEDULE J IN THE NON-TAXABLE BENEFITS. THE SCHOOL CONTINUES TO TAKE THE POSITION THAT THE FACTS SUPPORT EXCLUSION FROM TAXABLE INCOME. THE HEAD OF SCHOOL'S CONTRACT INCLUDES A CLEANING STIPEND FOR THE RESIDENCE THAT THE SCHOOL PROVIDES HIM. THE CONTRACT INDICATES THAT BECAUSE THE HEAD OF SCHOOL WILL BE REQUIRED TO PERIODICALLY USE THIS RESIDENCE TO HOST SCHOOL FUNCTIONS/EVENTS, THE SCHOOL WILL PAY A CLEANING SERVICE TO KEEP THE HOUSE CLEAN. THIS AMOUNT PAID DIRECTLY TO A CLEANING SERVICE IS NOT REFLECTED AS TAXABLE INCOME ON THE HEAD OF SCHOOL'S W-2. THE MONTHLY RENT OF $8,000 PER MONTH IS THE FMV WHICH HAS BEEN ASSESSED IN COMPARISON TO SIMILAR PROPERTIES IN THE AREA. A ABAG FINANCE AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS SERIES 2008 943130123 00037CNF3 2008-08-01 22500000 CONSTRUCTION & ACQUISITION OF EDUCATIONAL FACILITIES 0 0 0 A 901569 23008990 353203 22655787 2009 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 1 NORTHERN TRUST 10.000000000000 0 0 0 0 1 A 0 FORM 990, PART VI, SECTION B, LINE 11 THE ENTIRE GOVERNING BOARD WAS PROVIDED A COPY OF FORM 990 PRIOR TO FILING THAT INCLUDED ALL SCHEDULES. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL SHALL EXERCISE REASONABLE CARE, DISCRETION AND GOOD JUDGEMENT FOR THE BENEFIT OF BRANSON. IN THEIR DEALINGS WITH AND ON BEHALF OF BRANSON, FIDUCIARIES SHALL BE HELD TO A RULE OF HONEST, FAIR AND GOOD FAITH DEALING BETWEEN THEMSELVES AND BRANSON. THEY SHALL NOT USE THEIR POSITIONS, OR KNOWLEDGE GAINED THERE FROM, IN SUCH A WAY THAT A CONFLICT OF INTEREST, A POTENTIAL CONFLICT OF INTEREST OR THE APPEARANCE OF IMPROPRIETY ARISES BETWEEN THE INTEREST OF BRANSON AND THAT OF THE INDIVIDUAL. THE BOARD SHALL ENSURE THAT ANY "MATERIAL" (AS HEREIN DEFINED) TRANSACTION OR OTHER MATTER INVOLVING BRANSON IN WHICH A FIDUCIARY HAS A PERSONAL FINANCIAL OR OTHER INTEREST IS IN THE BEST INTERESTS OF BRANSON. IF A CONFLICT OF INTEREST EXISTS, THE PERSON SHALL PROMPTLY REPORT THE EXISTENCE OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OR A MATTER GIVING RISE TO THE APPEARANCE OF IMPROPRIETY FOR THEMSELVES OR ANY "FAMILY MEMBERS" (AS HEREIN DEFINED) ACCORDING TO, THE BRANSON SCHOOL CONFLICT OF INTEREST DISCLOSURE STATEMENT PROMPTLY AFTER RECEIVING SAME. NO FIDUCIARY WITH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OR THE APPEARANCE OF IMPROPRIETY (INTERESTED PERSON) MAY VOTE ON, OR BE PRESENT AT THE VOTE FOR, A MATTER RELATED THERETO OR BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT THE MEETING OF THE BOARD OF TRUSTEES AT WHICH SUCH MATTER IS VOTED UPON. AT THE DISCRETION OF THE CHAIR OF THE BOARD, THE INTERESTED PERSON MAY PARTICIPATE IN BOARD DISCUSSIONS CONCERNING SUCH MATTER, BUT SHALL NOT BE COUNTED TOWARD THE QUORUM FOR THE VOTE UPON SUCH MATTER. IF THE INTERESTED PERSON IS UNABLE TO MITIGATE THE CONFLICT OF INTEREST, THE BOARD MAY REMOVE UPON A VOTE OF THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION PACKAGE IS DETERMINED EXCLUSIVELY BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990S FILED BY COMPARABLE SCHOOLS. A WRITTEN EMPLOYMENT CONTRACT IS SIGNED BY THE BOARD PRESIDENT AND THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS RESPONSIBLE FOR DETERMINING COMPENSATION AND BENEFITS FOR KEY EMPLOYEES OF THE SCHOOL. A SURVEY OF COMPENSATION AND BENEFITS CONDUCTED BY ISBOA, AND ORGANIZATION OF SCHOOLS IN THE BAY AREA, IS USED AS A BENCHMARK. FORM 990, PART VI, SECTION C, LINE 19 PURSUANT TO THE APPLICABLE TREASURY REGULATIONS, COPIES OF THE THREE MOST RECENTLY FILED FORMS 990 AND 990-T AND THE ORGANIZATION'S EXEMPTION APPLICATION ARE AVAILABLE UPON REQUEST. ANY DOCUMENTS NOT LEGALLY REQUIRED TO BE DISCLOSED, MAY BE DISCLOSED BY THE SCHOOL ON A CASE-BY-CASE BASIS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.