MOUNT TAMALPAIS SCHOOL: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MOUNT TAMALPAIS SCHOOL (EIN 94-2356968)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-03-27
- IRS object ID
- 201720869349301007
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-03-27T20:39:04-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 111986323 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARCUM LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 MONTGOMERY STREET 1900 | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942356968 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOUNT TAMALPAIS SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MTTA | BusinessNameControlTxt |
| Phone | 4153839434 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 HARVARD AVENUE | AddressLine1Txt |
| City | MILL VALLEY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANDREW DAVIS | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 4153839434 | PhoneNum |
| Signature | 2017-03-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIET SONG | PreparerPersonNm |
| PTIN | P00857784 | PTIN |
| Phone | 4154326200 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREW DAVIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 HARVARD AVENUE | AddressLine1Txt |
| City | MILL VALLEY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,444,367 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MTTAM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1976 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | ELEMENTARY SCHOOL EDUCATION WITH AN EMPHASIS ON ACADEMIC AND SOCIAL DEVELOPMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 51 | TotalEmployeeCnt |
| Total Volunteers | 240 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $964,224 | PYContributionsGrantsAmt |
| CY Contributions Grants | $813,841 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,772,961 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,566,610 | CYProgramServiceRevenueAmt |
| PY Investment Income | $98,475 | PYInvestmentIncomeAmt |
| CY Investment Income | $122,636 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$71,509 | PYOtherRevenueAmt |
| CY Other Revenue | -$68,757 | CYOtherRevenueAmt |
| PY Total Revenue | $8,764,151 | PYTotalRevenueAmt |
| CY Total Revenue | $8,434,330 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,078,175 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,005,505 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,070,208 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,126,575 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $266,695 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,598,087 | PYOtherExpensesAmt |
| CY Other Expenses | $3,093,589 | CYOtherExpensesAmt |
| PY Total Expenses | $8,746,470 | PYTotalExpensesAmt |
| CY Total Expenses | $9,225,669 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $17,681 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$791,339 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,415,250 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,654,475 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,664,299 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,677,355 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,750,951 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,977,120 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,943,258 | ExpenseAmt |
| Grant | $1,005,505 | GrantAmt |
| Revenue | $7,574,635 | RevenueAmt |
| Desc | PROGRAM EXPENSES ARE RELATED TO THE OPERATION OF A PRIVATE, CO-EDUCATIONAL SCHOOL FOR APPROXIMATELY 240 STUDENTS IN KINDERGARTEN TO 8TH GRADE. THE SCHOOL FOCUSES ON AN ENVIRONMENT THAT ENCOURAGES THE DEVELOPMENT OF THE WHOLE CHILD. | Desc |
| Total Program Service Expenses | $6,943,258 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | Yes (1) | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | Yes (1) | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | Yes (1) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 51 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | Yes (1) | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MR JOHN KEITH-BERKLEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4153839434 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 HARVARD AVENUE | AddressLine1Txt |
| City | MILL VALLEY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94941 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DR KATHLEEN MECCA PHD | |||||||
| HEAD OF SCHOOL (TO 9/1/15) | 40.00 | Yes (X) | Yes (X) | $212,000 | $0 | $62,608 | |
| LAURA HILL | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK LOPEZ | |||||||
| TRUSTEE | 5.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID DOMINIK | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN BELL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| FIONA REES | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| PHILIP LEUNG | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RACHEL MARKUN | |||||||
| PRESIDENT, BOARD OF TRUSTEES | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DR ANDREW MECCA PHD | |||||||
| INTERIM HEAD (8/24/15-6/30/16) | 40.00 | Yes (X) | Yes (X) | $75,000 | $0 | $6,456 | |
| DAVID MOYNE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN MURRAY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZABETH MURRAY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BOB PAYNE | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MICHELLE SARTI | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| COOKSIE GIANNINI | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KRISTIN SENNETT | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MAUREEN DENICKE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW DAVIS | |||||||
| HEAD OF SCHOOL (FROM 7/1/16) | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC KIELICH | |||||||
| TEACHER | 40.00 | $121,567 | $0 | $26,082 | Yes (X) | ||
| ROSIE NICOLINI | |||||||
| OFFICE MANAGER | 40.00 | $117,567 | $0 | $40,090 | Yes (X) | ||
| NANCY TRACY | |||||||
| TEACHER | 40.00 | $109,475 | $0 | $38,258 | Yes (X) | ||
| SUZANNE O'MEARA | |||||||
| TEACHER | 40.00 | $111,333 | $0 | $25,250 | Yes (X) | ||
| DAVID BAKER | |||||||
| TEACHER | 40.00 | $136,399 | $0 | $40,648 | Yes (X) | ||
| DOUG THISTLE | |||||||
| TEACHER | 40.00 | $102,498 | $0 | $29,737 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $985,839 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $269,129 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| FIRST STUDENT | |||||
| 600 VINE ST STE 1400 | CINCINNATI | OH | 45202 | TRANSPORTATION | $275,616 |
| FOLGER LEVIN | |||||
| 199 FREMONT ST | SAN FRANCISCO | CA | 94105 | LEGAL | $211,968 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $326,961 | FundraisingAmt |
| All Other Contributions | $486,880 | AllOtherContributionsAmt |
| Total Contributions | $813,841 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TUITION AND FEES | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $7,566,610 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,566,610 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,566,610 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,604 | TotalRevenueColumnAmt |
| Exclusion | $170,604 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $98,925 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $175,707 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$76,782 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$76,782 | TotalRevenueColumnAmt |
| Exclusion | -$76,782 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $585,633 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $633,601 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$47,968 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$47,968 | TotalRevenueColumnAmt |
| Exclusion | -$47,968 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $200,729 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $326,961 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $200,729 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 611110 | BusinessCd |
| Total Revenue Column | $8,025 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,025 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,025 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,434,330 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,574,635 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $45,854 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,005,505 | TotalAmt |
| Program Services | $1,005,505 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $254,000 | TotalAmt |
| Management And General | $254,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,622,828 | TotalAmt |
| Program Services | $3,053,984 | ProgramServicesAmt |
| Management And General | $413,386 | ManagementAndGeneralAmt |
| Fundraising | $155,458 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,224 | TotalAmt |
| Program Services | $133,035 | ProgramServicesAmt |
| Management And General | $14,709 | ManagementAndGeneralAmt |
| Fundraising | $2,480 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $795,908 | TotalAmt |
| Program Services | $612,269 | ProgramServicesAmt |
| Management And General | $148,150 | ManagementAndGeneralAmt |
| Fundraising | $35,489 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $303,615 | TotalAmt |
| Program Services | $239,188 | ProgramServicesAmt |
| Management And General | $52,282 | ManagementAndGeneralAmt |
| Fundraising | $12,145 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $348,462 | TotalAmt |
| Management And General | $348,462 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,507 | TotalAmt |
| Management And General | $246,507 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,992 | TotalAmt |
| Program Services | $6,095 | ProgramServicesAmt |
| Management And General | $58,897 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,175 | TotalAmt |
| Management And General | $9,175 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248,640 | TotalAmt |
| Program Services | $81,081 | ProgramServicesAmt |
| Management And General | $140,031 | ManagementAndGeneralAmt |
| Fundraising | $27,528 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,918 | TotalAmt |
| Program Services | $34,597 | ProgramServicesAmt |
| Management And General | $7,560 | ManagementAndGeneralAmt |
| Fundraising | $1,761 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $297,176 | TotalAmt |
| Program Services | $243,655 | ProgramServicesAmt |
| Management And General | $46,686 | ManagementAndGeneralAmt |
| Fundraising | $6,835 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $466,341 | TotalAmt |
| Program Services | $466,341 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $267,197 | TotalAmt |
| Program Services | $210,486 | ProgramServicesAmt |
| Management And General | $45,997 | ManagementAndGeneralAmt |
| Fundraising | $10,714 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,501 | TotalAmt |
| Program Services | $51,598 | ProgramServicesAmt |
| Management And General | $11,276 | ManagementAndGeneralAmt |
| Fundraising | $2,627 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| HOT LUNCH | $279,294 | $279,294 | |
| CURRICULUM DEVELOPMENT | $114,720 | $114,720 | |
| BAD DEBT EXPENSE | $106,238 | $106,238 | |
| DRAMA PRODUCTION | $71,190 | $71,190 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $464,238 | TotalAmt |
| Program Services | $340,220 | ProgramServicesAmt |
| Management And General | $112,360 | ManagementAndGeneralAmt |
| Fundraising | $11,658 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,225,669 | TotalAmt |
| Program Services | $6,943,258 | ProgramServicesAmt |
| Management And General | $2,015,716 | ManagementAndGeneralAmt |
| Fundraising | $266,695 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,024,338 | BOYAmt |
| EOY | $1,110,537 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,913,955 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,528 | BOYAmt |
| EOY | $27,444 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,044 | BOYAmt |
| EOY | $128,983 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,119,271 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,585,072 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,555,318 | BOYAmt |
| EOY | $8,534,199 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,745,022 | BOYAmt |
| EOY | $4,939,357 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,415,250 | BOYAmt |
| EOY | $16,654,475 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $670,981 | BOYAmt |
| EOY | $903,319 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,871,473 | BOYAmt |
| EOY | $4,696,281 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,115,839 | BOYAmt |
| EOY | $1,072,480 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,006 | BOYAmt |
| EOY | $5,275 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,664,299 | BOYAmt |
| EOY | $6,677,355 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,807,436 | BOYAmt |
| EOY | $4,825,726 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,891,290 | BOYAmt |
| EOY | $2,091,619 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,052,225 | BOYAmt |
| EOY | $3,059,775 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,750,951 | BOYAmt |
| EOY | $9,977,120 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,415,250 | BOYAmt |
| EOY | $16,654,475 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$791,339 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $17,508 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,662,614 | BeginningYearBalanceAmt |
| Contributions | $60,588 | ContributionsAmt |
| Investment Earnings Or Losses | $144,491 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $4,867,693 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,585,429 | BeginningYearBalanceAmt |
| Contributions | $10,695 | ContributionsAmt |
| Investment Earnings Or Losses | $198,315 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,131,825 | OtherExpendituresAmt |
| End Year Balance | $4,662,614 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,918,751 | BeginningYearBalanceAmt |
| Contributions | $19,700 | ContributionsAmt |
| Investment Earnings Or Losses | $646,978 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $5,585,429 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,470,251 | BeginningYearBalanceAmt |
| Contributions | $39,965 | ContributionsAmt |
| Investment Earnings Or Losses | $408,535 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $4,918,751 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,227,335 | BeginningYearBalanceAmt |
| Contributions | $100,463 | ContributionsAmt |
| Investment Earnings Or Losses | $142,453 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $4,470,251 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.63000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.37000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,777,348 | OtherCostOrOtherBasisAmt |
| Book Value | $2,777,348 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,482,818 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,888,215 | DepreciationAmt |
| Book Value | $4,594,603 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,021,106 | OtherCostOrOtherBasisAmt |
| Depreciation | $886,399 | DepreciationAmt |
| Book Value | $134,707 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,837,999 | OtherCostOrOtherBasisAmt |
| Depreciation | $810,458 | DepreciationAmt |
| Book Value | $1,027,541 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $8,534,199 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENT DEPOSITS | Desc |
| Amt | $5,275 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,275 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,647,062 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $17,508 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $200,729 | OtherRevenueAmt |
| Revenue Not Reported | $218,237 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,428,825 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,005,505 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,005,505 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,434,330 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,420,893 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $200,729 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $200,729 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,220,164 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,005,505 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,005,505 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,225,669 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF INDIVIDUAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES. THE ENDOWMENT MAY INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW THE BOARD OF TRUSTEES HAS INTERPRETED THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE SCHOOL CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSE OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF THE SCHOOL (7) THE INVESTMENT POLICIES OF THE SCHOOL FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR UPMIFA REQUIRES THE SCHOOL TO RETAIN AS A FUND OF PERPETUAL DURATION. IN ACCORDANCE WITH U.S GAAP, DEFICIENCIES OF THIS NATURE ARE TO BE REPORTED IN UNRESTRICTED NET ASSETS. THESE DEFICIENCIES CAN RESULT FROM UNFAVORABLE MARKET FLUCTUATIONS THAT OCCURRED SHORTLY AFTER THE INVESTMENT OF NEW PERMANENTLY RESTRICTED CONTRIBUTIONS AND CONTINUED APPROPRIATION FOR CERTAIN PROGRAMS THAT WAS DEEMED PRUDENT BY THE BOARD OF TRUSTEES. AS OF JUNE 30, 2016, THERE WERE NO SIGNIFICANT INVESTMENT DEFICIENCIES; AND THEREFORE, NO AMOUNTS WERE REFLECTED IN UNRESTRICTED NET ASSETS. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO THE SPENDING POLICY THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS. THE SCHOOL'S CURRENT INVESTMENT POLICY CALLS FOR TARGET ASSET ALLOCATION OF 60% EQUITIES AND 40% BONDS. THE PERFORMANCE OF THESE INVESTMENTS IS MEASURED AGAINST ESTABLISHED EQUITY AND FIXED INCOME INDICES TO PROVIDE FOR THE A) PRESERVATION OF CAPITAL, B) CURRENT INCOME, AND C) LONG-TERM GROWTH OF CAPITAL AND INCOME. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION INTENDED TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SCHOOL POLICY ALLOWS FOR THE ANNUAL DISTRIBUTION OF UP TO 5% OF THE LAST THREE YEARS' MARKET AVERAGE VALUATIONS; HOWEVER, THE SCHOOL IS CURRENTLY NOT MAKING DISTRIBUTIONS AS IT SEEKS TO INCREASE THE BALANCE OF ITS ENDOWMENTS TO $5 MILLION. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE REAL RATE OF RETURN (ADJUSTED FOR INFLATION) OF GREATER THAN 5% ANNUALLY. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THE SCHOOL'S LONG-TERM GOALS. |
| PART X, LINE 2: | THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FRANCHISE TAXES UNDER SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, IT IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THEY MAINTAINED THEIR TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS IN PROCESS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | AUCTION EXPENSE NETTED AGAINST GROSS INCOME FROM FUNDRAISING EVENTS 200,729. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED AGAINST TUITION 1,005,505. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | AUCTION EXPENSE NETTED AGAINST GROSS INCOME FROM FUNDRAISING EVENTS 200,729. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID NETTED AGAINST REVENUE 1,005,505. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | 0 | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | THE RACIAL NON-DISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON JUNE 6, 2016. |
| SCHEDULE E, PART I, LINE 4 | THE SCHOOL DOES NOT KEEP SUCH RECORDS FOR THE STUDENT BODY BUT DOES FOR THE FACULTY AND ADMINISTRATIVE STAFF. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION | Event1Nm |
| Gross Receipts Event1 | $527,690 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $326,961 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $200,729 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $7,532 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $79,032 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $39,945 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $74,220 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $527,690 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $326,961 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $200,729 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $7,532 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $79,032 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $39,945 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $74,220 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $200,729 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | TUITION ASSISTANCE | GrantTypeTxt |
| Recipient | 54 | RecipientCnt |
| Non Cash Assistance | $1,005,505 | NonCashAssistanceAmt |
| Non Cash Assistance | TUITION ASSISTANCE | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL AWARDS ARE NEED BASED. ALL APPLICANTS FOR FINANCIAL ASSISTANCE MUST APPLY THROUGH SSS (SCHOOL SCHOLARSHIP SERVICE) IN PRINCETON, NEW JERSEY, AN "OUT OF HOUSE" CLEARING ORGANIZATION THAT IS COORDINATED THROUGH NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR KATHLEEN MECCA PHD | ||||||||||||||
| HEAD OF SCHOOL (TO 9/1/15) | $212,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62,608 | $0 | $274,608 | $0 | $0 | $0 |
| ROSIE NICOLINI | ||||||||||||||
| OFFICE MANAGER | $117,567 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40,090 | $0 | $157,657 | $0 | $0 | $0 |
| DAVID BAKER | ||||||||||||||
| TEACHER | $136,399 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $40,648 | $0 | $177,047 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE HEAD OF SCHOOL, KATHLEEN MECCA, RECEIVED A HOUSING ALLOWANCE OF $2,500 FOR EACH OF JULY AND AUGUST AND $2,000 IN SEPTEMBER 2015. |
| PART I, LINE 1B | THE SCHOOL DOES NOT HAVE A WRITTEN POLICY REGARDING THE PAYMENT OF HOUSING ALLOWANCE. |
Schedule L IRS990ScheduleL
Disqualified Person Ex Bnft Tr DisqualifiedPersonExBnftTrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHLEEN MECCA | PersonNm |
| Rln Disqualified Person Org | FORMER HEAD OF SCHOOL | RlnDisqualifiedPersonOrgTxt |
| Transaction | DIVERSION OF ASSETS AS DESCRIBED IN SCHEDULE O. | TransactionDesc |
| Transaction Corrected | 0 | TransactionCorrectedInd |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp (3 entries)
| Relationship With OrgRelationshipWithOrgTxt | Cash GrantCashGrantAmt | Type Of AssistanceTypeOfAssistanceTxt | Assistance PurposeAssistancePurposeTxt |
|---|---|---|---|
| KATHLEEN MECCA | |||
| FORMER HEAD OF SCHOOL | $26,950 | NONCASH FINANCIAL AID TO FAMILY MEMEBER | TUITION ASSISTANCE |
| ELIZABETH MURRAY | |||
| TRUSTEE | $27,950 | NONCASH FINANCIAL AID TO FAMILY MEMEBER | TUITION ASSISTANCE |
| MAUREEN DENICKE | |||
| TRUSTEE | $24,000 | NONCASH FINANCIAL AID TO FAMILY MEMEBER | TUITION ASSISTANCE |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANE SEDONEAN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | MS. SEDONEAN IS THE SISTER-IN-LAW OF KATHLEEN MECCA, THE FORMER HOS | RelationshipDescriptionTxt |
| Transaction | $15,630 | TransactionAmt |
| Transaction | MS. SEDONEAN PROVIDED LANDSCAPE DESIGN CONSULTING. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION'S MISSION: | MOUNT TAMALPAIS SCHOOL (THE SCHOOL) IS AN INDEPENDENT, COEDUCATIONAL SCHOOL SERVING STUDENTS IN KINDERGARTEN THROUGH GRADE 8. THE SCHOOL'S PROGRAM, ATMOSPHERE AND OVERALL ENVIRONMENT HAVE BEEN DESIGNED TO ENCOURAGE THE DEVELOPMENT OF THE WHOLE CHILD, WITH AN EMPHASIS ON STRONG ACADEMIC PREPARATION, VALUES, EMOTIONAL GROWTH, PERSONAL AND SOCIAL SKILLS, EFFECTIVE THINKING AND PROBLEM SOLVING CAPABILITIES, WITH ATTENTION TO INDIVIDUAL STRENGTHS AND DIVERSITY. THE SCHOOL PLACES EQUAL EMPHASIS ON THE ACADEMIC AND SOCIAL DEVELOPMENT OF EACH STUDENT WITHIN A COMMUNITY THAT ESTEEMS FAMILY, THE PURSUIT OF PERSONAL EXCELLENCE, THE PERPETUATION OF VALUED TRADITIONS AND THE DEVELOPMENT OF A STRONG MORAL CODE. THE SYMBOLISM OF THE SCHOOL'S LOGO AND TRANSLATION OF THE SCHOOL'S MOTTO CLEARLY ILLUSTRATE THE SCHOOL'S PHILOSOPHY. THE LOGO IS A DEPICTION OF MOUNT TAMALPAIS. THIS MOUNTAIN SYMBOL REFLECTS THE SCHOOL'S COMMITMENT TO THE DEVELOPMENT OF EACH STUDENT'S POTENTIAL, ENSURING ITS REALIZATION WITH A SOLID ACADEMIC AND MORAL FOUNDATION AND THE SUPPORT OF THE COMMUNITY THAT VALUES PERSONAL ACHIEVEMENT AND INDIVIDUAL GROWTH. THE MOTTO "GRADATIM AD SUMMUM" (STEP BY STEP TO THE TOP/GRADUALLY TO THE SUMMIT) REFLECTS THE SCHOOL'S BELIEF THAT THE ATTAINMENT OF GOALS IS A GRADUAL PROCESS, ONE THAT REQUIRES NURTURING AND COMMUNITY SUPPORT. THE SCHOOL PROVIDES ITS STUDENTS WITH THE OPPORTUNITY FOR GROWTH IN A CARING, SUPPORTIVE ENVIRONMENT. THE SCHOOL FOSTERS ENTHUSIASM FOR LEARNING AND FOR THE CREATIVE PROCESS, AND CAREFULLY NURTURES IN EACH STUDENT THE DEVELOPMENT OF A SYSTEM OF INDIVIDUAL VALUES. IT IS THE SCHOOL'S MISSION THAT INTEGRITY, RESPONSIBILITY, MOTIVATION, MUTUAL RESPECT, SELF-RELIANCE, AND AN APPRECIATION OF TRADITION FLOURISH IN EACH INDIVIDUAL. |
| FORM 990, PART VI, SECTION A, LINE 2 | DR. KATHLEEN MECCA AND DR. ANDREW MECCA WERE MARRIED. BEFORE DR. ANDRW MECCA BECAME THE INTERIM HEAD OF SCHOOL, HE WAS A TRUSTEE. |
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS DAN MURRAY AND ELIZABETH MURRAY ARE SIBLINGS. |
| FORM 990, PART VI, SECTION A, LINE 5 | IN SEPTEMBER OF 2015, THE BOARD OF TRUSTEES DISCOVERED THAT A FORMER EMPLOYEE HAD ESTABLISHED A SEPARATE BANK ACCOUNT IN THE NAME OF THE SCHOOL, AND THAT SUCH ACCOUNT WAS USED TO DIVERT SCHOOL FUNDS. THE BOARD RETAINED LEGAL COUNSEL WHO, IN TURN, ENGAGED A FORENSIC ACCOUNTANT TO CONDUCT A COMPREHENSIVE INVESTIGATION INTO THE NATURE OF THE BANK ACCOUNT, THE ACTIONS OF THE FORMER EMPLOYEE, AND THE SCHOOL'S OVERALL FINANCES. THE FORENSIC ACCOUNTANT DETERMINED THAT, BETWEEN 2008 AND 2015, THE FORMER EMPLOYEE HAD DEPOSITED $630,774 OF SCHOOL FUNDS INTO THE SEPARATE ACCOUNT. DURING THE SAME PERIOD, THE FORMER EMPLOYEE AUTHORIZED, ISSUED, OR CAUSED $651,223 IN PAYMENTS TO BE MADE FROM THAT ACCOUNT. THE PAYMENTS OUT OF THE ACCOUNT WERE PRIMARILY MADE TO THE FORMER EMPLOYEE'S PERSONAL BANK AND CREDIT CARD ACCOUNTS. THE FORENSIC ACCOUNTANT DETERMINED THAT $60,608 OF SCHOOL FUNDS WERE DIVERTED DURING THE FISCAL YEAR ENDED JUNE 30, 2015. BECAUSE THESE ASSETS WERE NEVER RECORDED ON THE SCHOOL'S GENERAL LEDGER, THE LOSSES ARE NOT RECORDED ON THE SUMMARIZED FINANCIAL STATEMENTS. THE ACCOUNT WAS CLOSED BY THE FORMER EMPLOYEE BEFORE THE BOARD BECAME AWARE OF ITS EXISTENCE. IN ADDITION TO THE AMOUNTS DEPOSITED INTO AND PAID OUT OF THE UNAUTHORIZED ACCOUNT DESCRIBED ABOVE, THE FORENSIC ACCOUNTANT DETERMINED THAT, DURING THE PERIOD FROM 2008 TO 2015, THE FORMER EMPLOYEE CAUSED THE SCHOOL TO PAY $408,903 IN PERSONAL AND SCHOOL CREDIT CARD CHARGES WITHOUT DOCUMENTATION TO SUBSTANTIATE THE BUSINESS PURPOSES THEREOF. THE FORENSIC ACCOUNTANT DETERMINED THAT $99,810 OF THAT AMOUNT WAS PAID DURING THE FISCAL YEAR ENDED JUNE 30, 2015. THIS $99,810 AMOUNT HAS BEEN INCLUDED IN DIVERSION OF ASSETS IN THE SUMMARIZED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2015. THE BOARD OF TRUSTEES HAS CAREFULLY CONSIDERED VARIOUS OPTIONS OF HOW THE SCHOOL CAN BEST REPAIR THE DAMAGE CAUSED BY THE FORMER EMPLOYEE AND RECOUP AS MUCH OF THE DIVERTED FUNDS AS IS FEASIBLE, INCLUDING SUBMITTING NOTIFICATION TO THE SCHOOL'S INSURANCE CARRIER OF THE DIVERSIONS DESCRIBED ABOVE. AFTER AN EXTENSIVE PERIOD OF NEGOTIATIONS, THE SCHOOL HAS ENTERED INTO A SETTLEMENT AGREEMENT WITH THE FORMER EMPLOYEE PURSUANT TO WHICH THE FORMER EMPLOYEE HAS AGREED TO PROVIDE FOR RESTITUTION OF A SIGNIFICANT PORTION OF THE DIVERTED FUNDS. IN AUGUST 2016, THE SCHOOL RECOVERED $548,460 FROM THE FORMER EMPLOYEE ACCORDING TO THE SETTLEMENT AGREEMENT. IT WAS ALSO DISCOVERED THAT THE FORMER EMPLOYEE'S EMPLOYER MATCHING CONTRIBUTION TO HER RETIREMENT ACCOUNT WAS MORE THAN WHAT IS AUTHORIZED AND STATED IN THE PLAN DOCUMENT. BECAUSE THE FORMER EMPLOYEE IS A DISQUALIFIED PERSON, THE OVERFUNDING IS A PROHIBITED TRANSACTION. SUCH DISCRIMINATORY TRANSACTIONS COULD SUBJECT THE SCHOOL TO EXCISE TAXES AND PENALTIES WHICH CANNOT BE DETERMINED AT THIS TIME. THE EXCESS EMPLOYER CONTRIBUTION FOR THE PLAN YEARS ENDED AUGUST 31, 2008 THROUGH 2015 WAS $88,589 AND CALCULATED EARNINGS ON THE EXCESS EMPLOYER MATCHING CONTRIBUTIONS WAS $14,615. IN AUGUST 2016, THE TOTAL AMOUNT OF $103,204 WAS TRANSFERRED OUT OF THE FORMER EMPLOYEE'S RETIREMENT ACCOUNT AND DEPOSITED INTO THE RETIREMENT PLAN'S FORFEITURE ACCOUNT. THE SCHOOL HAS ENGAGED AND INVOLVED OUTSIDE LEGAL, ACCOUNTING, AND OTHER PROFESSIONAL ADVISORS IN ATTEMPTING TO UNDO THE DIVERSION OF THE FUNDS TO THE EXTENT POSSIBLE. AT NO TIME WERE ANY TRUSTEES (OTHER THAN THE FORMER EMPLOYEE WHO CAUSED THE DIVERSION OF FUNDS), OFFICERS, OR OTHER PERSONS EXERCISING SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE SCHOOL AWARE THAT THESE DIVERSIONS OF FUNDS WERE TAKING PLACE, AND AT NO TIME DID THE FORMER EMPLOYEE HAVE ANY AUTHORITY OR APPROVAL TO ENGAGE IN SUCH ACTIONS. THE SCHOOL HAS RETAINED THE SERVICES OF AN EXPERIENCED BUSINESS MANAGER TO IMPLEMENT FINANCIAL CONTROLS AND PRACTICES TO PROTECT THE ASSETS OF THE SCHOOL AND TO BEST ENSURE THAT NO SIMILAR DIVERSIONS OF FUNDS OCCUR IN THE FUTURE. THE SCHOOL HAS ALSO HIRED ADDITIONAL PERSONNEL TO IMPLEMENT AND ENFORCE RECOMMENDED CONTROLS AND SAFETY PRECAUTIONS SUGGESTED BY THE BUSINESS MANAGER AND CERTIFIED PUBLIC ACCOUNTANTS ENGAGED BY THE SCHOOL. SPECIFICALLY, THE BOARD OF TRUSTEES HAS ADOPTED AND IMPLEMENTED ACTIONS AND POLICIES THAT WILL REQUIRE THE FOLLOWING IMPROVEMENTS TO THE OVERSIGHT OF SCHOOL FUNDS AND THE MANNER IN WHICH SUCH FUNDS ARE HANDLED AND MONITORED: 1) THE COMPLETION OF ANNUAL AUDITS RATHER THAN REVIEWS OF THE SCHOOL'S FINANCIAL STATEMENTS BY AN INDEPENDENT ACCOUNTING FIRM FOR THE IMMEDIATE FUTURE; 2) THE DEVELOPMENT OF A REVISED GENERAL LEDGER CHART OF ACCOUNTS FOR MONITORING REVENUES AND EXPENSES; 3) IN SEPTEMBER OF 2015, A POLICY WAS IMPLEMENTED WHERE ANY CHECK ISSUED BY THE SCHOOL EXCEEDING $5,000.00 REQUIRES DUAL SIGNATURES; 4) THE SCHOOL HAS COMMENCED NEW PROCEDURES FOR HANDLING ALL RECEIPTS OF CASH, CREDIT CARDS, AND CHECKS TO ENSURE PROPER CONTROLS; 5) BEGINNING WITH THE 2016-2017 ENROLLMENT YEAR, THE SCHOOL IS USING THE QUICKBOOKS SYSTEM TO BILL AND SEPARATELY RECORD ALL TUITION, FINANCIAL ASSISTANCE, TUITION REMISSION, AND AUXILIARY CHARGES BY STUDENT; 6) THE SCHOOL HAS RETAINED AN EXPERIENCED BUSINESS MANAGER ON A PART-TIME BASIS TO ADDRESS FINANCIAL MATTERS FOR THE SCHOOL. THE SCHOOL HAS UTILIZED SEVERAL CONTRACTORS UNDER THE SUPERVISION OF THIS BUSINESS MANAGER AND HAS HIRED AN INCOMING HEAD OF SCHOOL WHO HOLDS A MASTER'S DEGREE IN BUSINESS ADMINISTRATION IN ADDITION TO EDUCATIONAL CREDENTIALS AND WILL OVERSEE THE SCHOOL'S FINANCES. THE INCOMING HEAD OF SCHOOL CONTRACTED AN EXPERIENCED DIRECTOR OF FINANCE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE SCHOOL'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE SCHOOL'S CPA AND HEAD OF SCHOOL BEFORE THE RETURN IN FINALIZED. MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED A COPY OF THE RETURN BEFORE IT IS FINALIZED. |
| FORM 990, PART VI, SECTION B, LINE 12C | MOUNT TAMALPIAS HAS A WRITTEN CONFLICT OF INTEREST POLICY AND FORM THAT THEY HAVE ALL TRUSTEES AND HEAD OF SCHOOL SIGN. THESE WERE SIGNED IN AUGUST 2016. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OR SUBCOMMITTEE APPROVED THE HEAD OF SCHOOL'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | RECORDS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, OPERATING INFORMATION IS PUBLISHED IN THE ANNUAL REPORT. |
| FORM 990, PART XII, LINE 2C: | THERE WAS NO CHANGE IN THE OVERVIEW OR SELECTION PROCESS. |
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