2017-05-01T18:18:00-05:00 2016-06-30 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 KIM PLOUGH DIRECTOR OF FINANCE AND OPERATIONS 4155650400 2017-05-01 1 JULIET SONG P00857784 4154326200 2015 2021-01-29 14:40:06Z KIM PLOUGH 250 VALENCIA STREET SAN FRANCISCO CA 94103 17051967 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA EDUCATING, INSPIRING, & NURTURING GIRLS & BOYS IN THE TRADITION OF QUAKER LEARNING. 21 20 161 75 -52420 -52420 1161545 2080462 12946681 13403929 54127 106282 0 0 14162353 15590673 2325567 2357180 0 0 7234901 7650476 0 0 524394 4498304 4351353 14058772 14359009 103581 1231664 58892216 67203383 30215088 38239005 28677128 28964378 X SAN FRANCISCO FRIENDS SCHOOL IS DEDICATED TO EDUCATING, INSPIRING, AND NURTURING CHILDREN IN THE QUAKER SCHOOL TRADITION. THE DAILY LIFE OF OUR SCHOOL IS ROOTED IN THE QUAKER VALUES OF SIMPLICITY, INTEGRITY, MUTUAL RESPECT, PEACEFUL PROBLEM-SOLVING, AND SERVICE TO OTHERS. WE STRIVE TO DEVELOP IN EACH CHILD INTELLECTUAL CURIOSITY AND PASSION FOR LEARNING. WE CHALLENGE STUDENTS WITH ACADEMIC RIGOR, WHILE HONORING INDIVIDUAL STRENGTHS AND ABILITIES. WE SEEK TO CREATE A COMMUNITY THAT EMBRACES CHILDREN AND FAMILIES OF ALL BACKGROUNDS, RECOGNIZING THAT DIVERSITY IS ESSENTIAL TO THE VITALITY OF OUR SCHOOL. WE ENGAGE WITH THE LARGER WORLD AROUND US, WORKING TOWARD THE QUAKER IDEAL OF A CARING AND JUST SOCIETY. 0 0 10479057 2357180 13403929 PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO OPERATE GRADES K-8 IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 10479057 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 77 0 1 161 1 0 0 0 0 0 1 1 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KIM PLOUGH 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 94103 SETH BRENZEL CO-CLERK 1.00 X X 0 0 0 SHANNON COGEN CO-CLERK 1.00 X X 0 0 0 BRIAN GREY TRUSTEE 1.00 X 0 0 0 SHABNAM KOIRALA-AZAD TRUSTEE 1.00 X 0 0 0 JIM HANSEN TREASURER 1.00 X X 0 0 0 AMY BAKER SECRETARY 1.00 X X 0 0 0 MICHAEL FELDMAN TRUSTEE 1.00 X 0 0 0 SAM MOGANNAM TRUSTEE 1.00 X 0 0 0 ARNOLD OJI TRUSTEE 1.00 X 0 0 0 KATHRYN MA TRUSTEE 1.00 X 0 0 0 MARK SELCOM TRUSTEE 1.00 X 0 0 0 VICKI PENNY TRUSTEE 1.00 X 0 0 0 JOEL ROOS TRUSTEE 1.00 X 0 0 0 NONOKO SATO TRUSTEE 1.00 X 0 0 0 CHRIS VALDEZ TRUSTEE 1.00 X 0 0 0 ANN STANTON TRUSTEE 1.00 X 0 0 0 SARAH WIGGLESWORTH TRUSTEE 1.00 X 0 0 0 CLINT WILKINS TRUSTEE 1.00 X 0 0 0 SOPHIE ZIEGLER TRUSTEE 1.00 X 0 0 0 CATHY HUNTER HEAD OF SCHOOL 40.00 X X 307962 0 139060 BETSY HAMBRECHT TRUSTEE 1.00 X 0 0 0 PAUL GALVIN DFO THROUGH MARCH 2016 40.00 X 202538 0 24904 KIM PLOUGH DFO FROM APRIL 2016 40.00 X 0 0 0 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 40.00 X 157771 0 9364 JENNIFER ARNEST LOWER HEAD OF SCHOOL 40.00 X 150546 0 17410 MARLENE SLOGER DIRECTOR OF DEVELOPMENT 40.00 X 127516 0 8661 GWEN RINO ACADEMIC DEAN 40.00 X 110504 0 10822 RYAN GALLAGHER EDUCATIONAL TECHNOLOGY DIR 40.00 X 111411 0 13790 1168248 0 224011 7 0 1 0 OCCIDENTIAL POWER 598 MISSION ST DALY CITY CA 94014 SOLAR PANEL INSTALLATION 206388 2 120752 1959710 156416 2080462 TUITION 900099 12524714 12524714 AUXILLARY 900099 833065 833065 MISC 900099 46150 46150 13403929 106282 -52420 158702 1423730 1423730 0 37564 120752 37564 0 15590673 13403929 -52420 158702 2357180 2357180 806441 88708 516122 201611 5677246 4201162 1248994 227090 270211 178342 91869 444613 372074 58244 14295 451965 309159 118628 24178 10462 10462 27475 27475 19398 18825 573 97474 81702 8170 7602 77282 33482 39420 4380 297533 267272 27291 2970 51768 46591 5177 768205 768205 13093 13093 1259610 1108457 138557 12596 100174 95165 4007 1002 AUXILIARY 803456 728269 67668 7519 TEACHING MATERIALS & SU 567978 541116 26862 RECRUITING 103249 103249 CAMPAIGN PLANNING 11627 11627 142569 116969 21826 3774 14359009 10479057 3355558 524394 2752942 1039224 1020171 4556959 7461136 6992710 7227777 330000 392000 671250 680245 44892191 8690496 37010954 36201695 8891551 7830968 384794 369418 2281805 58892216 67203383 107106 97914 3686093 10731021 25357086 24758686 1393781 1064803 1257603 30215088 38239005 X 20977172 21025853 7683956 6981141 16000 957384 28677128 28964378 58892216 67203383 X 1231664 -366916 -577498 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16000 941384 957384 16000 16000 1.00000 0 0 2499000 2499000 38773315 7009232 31764083 1001785 196137 805648 2536090 1411648 1124442 82001 73479 8522 36201695 ACCRUED SALARIES AND BENEFITS 1257603 1257603 X 13303791 17878 17878 13285913 2304760 2304760 15590673 13016541 1014712 1014712 12001829 2357180 2357180 14359009 PART V, LINE 4: THE DONOR ENDOWMENT FUNDS ARE BEING HELD TO GENERATE INCOME WHICH MAY BE USED FOR ANY PURPOSE DEEMED APPROPRIATE TO ADVANCE THE MISSION AND VISION OF THE SCHOOL IN ACCORDANCE WITH THE DONORS INTENT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,357,180. UNRELATED BUSINESS INCOME -52,420. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,357,180. 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 SCHOOL ANNUALLY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY, IN CONJUNCTION WITH A CONSORTIUM OF INDEPENDENT SCHOOLS, IN THE SAN FRANCISCO CHRONICLE, A DAILY NEWSPAPER WITH A LARGE CIRCULATION. (IT WAS PUBLISHED ON JUNE 6, 2016.) ANNUAL DINNER DANCE 158316 120752 37564 37564 158316 120752 37564 37564 37564 0 1 TUITION ASSISTANCE 119 2357180 REVENUE LESS DISCOUNT TUITION DISCOUNTS PART I, LINE 2: THE SCHOOL AWARDS TUITION ASSISTANCE DISCOUNTS TO 25% OF ITS STUDENT BODY. THESE ARE IN THE FORM OF TUITION DISCOUNTS. AWARD RECIPIENTS APPLY EACH YEAR AND ARE VETTED THROUGH A RIGOROUS SELECTION PROCESS THAT EVALUATES ELIGIBILITY BASED ON CRITERIA ESTABLISHED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, ALL APPLICANTS MUST SUPPLY TAX DOCUMENTATION AND HOUSEHOLD EXPENDITURE SCHEDULES AS PART OF THE APPLICATION PROCESS. APPLICANTS ARE AWARDED TUITION ASSISTANCE IN THE CONTEXT OF THEIR ELIGIBILITY WITHIN THE PARAMETERS OF THE CRITERIA MENTIONED ABOVE AND WITHIN THE SCOPE OF THE SCHOOL'S BUDGET ALLOCATION FOR THE YEAR. ALL RECIPIENTS RECEIVE AWARD LETTERS AND SIGN CONTRACTS ACKNOWLEDGING THE AWARDS. THESE CONTRACTS ARE KEPT ON FILE IN THE SCHOOL'S BUSINESS OFFICE. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 CATHY HUNTER HEAD OF SCHOOL 307962 0 0 0 0 0 115900 0 23160 0 447022 0 0 0 PAUL GALVIN DFO THROUGH MARCH 2016 202538 0 0 0 0 0 12309 0 12595 0 227442 0 0 0 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 157771 0 0 0 0 0 9364 0 0 0 167135 0 0 0 JENNIFER ARNEST LOWER HEAD OF SCHOOL 150546 0 0 0 0 0 9119 0 8291 0 167956 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $7,000 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES AN AUTOMOBILE ALLOWANCE ANNUALLY OF $7,800. PART I, LINE 4B ONE EMPLOYEE, THE HEAD OF SCHOOL, PARTICIPATED IN 457(B) AND 457(F) DEFERRED COMPENSATION PLANS. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 NONEAVAIL 2012-12-17 27188375 TO REFINANCE PRIOR BOND AND SETTLE INTEREST RATE SWAP LIABILITY 0 0 0 A 2429689 27188375 266375 26922000 2012 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN 2012. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN REFINANCING THE PRIOR BOND AND SETTLING THE INTEREST RATE SWAP LIABILITY. X 10 55446 FAIR VALUE X OUTINGS AND EVENTS 138 61625 FMV X FOOD AND WINE 88 8908 FMV X TRAVEL PACKAGES 10 8035 FMV X SERVICES AND LESSONS 28 6480 FMV X SPORTING EVENTS 31 5485 FMV X MISCELLANEOUS RETAIL GIFT CERTIFICATES 26 2951 FMV X HOUSEHOLD GOODS AND CLOTHING 29 2590 FMV X ARTS AND CRAFTS 23 2529 FMV X CAMPS AND CLASSES 13 1372 FMV X ART AND CULTURE TICKETS 9 995 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY MANAGEMENT IN CONJUNCTION WITH A LICENSED CPA FIRM AND IS REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE BEFORE IT IS FILED. THE FINANCE COMMITTEE REPORT TO THE BOARD THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED AND THAT A COPY IS AVAILABLE FROM THE DIRECTOR OF FINANCE FOR ANYONE WHO WISHES TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR THE SCHOOL DISTRIBUTES DISCLOSURE FORMS TO ITS BOARD OF TRUSTEES AND KEY EMPLOYEES. THE FORM ASKS WHETHER ANY OF THESE INDIVIDUALS HAS A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OTHER TRUSTEE OR KEY EMPLOYEE. THE INDIVIDUAL AFFIRMS YES OR NO TO THE QUESTION. IF THE REPLY IS YES, THEN THE INDIVIDUAL REPORTS WITH WHOM HE/SHE HAS SUCH RELATIONSHIP, AND WHETHER IT IS BUSINESS OR FAMILY. IF QUESTIONABLE RELATIONSHIPS ARE DISCLOSED EITHER DURING THE DISCLOSURE FORM PROCESS OR AT ANY OTHER TIME, THE MATTER IS TO BE TAKEN UP BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ORDER TO DETERMINE IF OR HOW THE RELATIONSHIP MAY COMPROMISE THE INTEGRITY OF THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL ( THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL) IS BEGUN BY KEY MEMBERS OF THE BOARD OF TRUSTEES SEVERAL MONTH PRIOR TO THE EXPIRATION OF THE HEAD OF SCHOOL'S CONTRACT. THE BOARD MEMBERS WILL SOLICIT DATA FROM THE SCHOOL'S DIRECTOR OF FINANCE. THE DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH MANAGES THE LARGEST AND MOST UP-TO-DATE DATABASE ON PRIVATE SCHOOL COMPENSATION FOR HEADS OF SCHOOL. THIS DATA IS LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. THESE DATA AND THE SCHOOL'S RECOMENDATION FOR A COMPENSATION PACKAGE ARE REVIEWED AND VERIFIED INDEPENDENTLY BY A COMPENSATION CONSULTANT HIRED BY THE SCHOOL TO LOOK AT THE HEAD'S TOTAL COMPENSATION PACKAGE COMPARED TO OTHER INDEPENDENT SCHOOLS WITH WHOM THE CONSULTANT HAS WORKED, AND WHO, MOST RECENTLY, DELIVERS A REPORT TO THE BOARD OF TRUSTEES SHOWING STATISTICAL INDICATORS RELATING TO COMPENSATION FOR SCHOOL HEADS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL'S OTHER KEY EMPLOYEES (DIRECTOR OF FINANCE AND DIRECTOR OF DEVELOPMENT) IS INITITATED AND COMPLETED ANNUALLY BY THE HEAD OF SCHOOL, WHO REVIEWS NATIONAL, REGIONAL AND LOCAL DATA FOR SIMILAR POSITIONS IN SIMILAR SCHOOLS (INDEPENDENT ELEMENTARY SCHOOLS, ENROLLMENTS APPROXIMATELY 300-500). THIS DATA IS PROVIDED TO THE SCHOOL BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND THE INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION OF CALIFORNA, ALL OF WHICH COLLECT THIS DATA ANNUALLY. THE HEAD OF SCHOOL DETERMINES THE KEY EMPLOYEES' COMPENSATION BASED ON COMPARING THESE DATA, THE KEY EMPLOYEE'S LEVEL OF EXPERIENCE, AND PRIOR PERFORMANCE IN THE JOB. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. THE SCHOOL'S FORM 990 IS POSTED INDEPENDENTLY ON WWW.GUIDESTAR.ORG. THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND KEY EMPLOYEES, AND THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS PUBLISHED ANNUALLY IN THE SCHOOL'S PERSONNEL MANUAL. FORM 990, PART XI, LINE 9: PRESENT VALUE DISCOUNT -629,918. UNRELATED BUSINESS INCOME 52,420. FORM 990, PART XII, LINE 2 (C) THERE IS NO CHANGE IN THE PROCESS FROM PRIOR YEARS. FORM 990, PART V, LINE 14 (B) THIS ORGANIZATION DOES NOT OFFER OR PROVIDE TANNING SERVICES.