2017-05-04T15:17:38-05:00 2016-06-30 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 DAVID LESSING ACTING HEAD OF SCHOOL/COO 4152020770 2017-04-23 1 STEVEN H BOULTBEE P01228676 4154326200 2015 2021-01-29 14:40:06Z DAVID LESSING 250 10TH STREET SAN FRANCISCO CA 94103 13164515 0 X WWW.PRESIDIOKNOLLS.ORG X 2006 CA TO EDUCATE AND INSPIRE OUR STUDENTS TO BECOME CREATIVE, CONFIDENT AND ENGAGED GLOBAL CITIZENS. 18 18 92 300 0 0 3088821 5748610 5601004 6987429 2830 504 364389 427972 9057044 13164515 706466 791175 0 0 3258854 4272507 0 0 64242 2604249 2009265 6569569 7072947 2487475 6091568 11353341 35012991 3492506 21364962 7860835 13648029 X OUR MISSION IS TO EDUCATE AND INSPIRE OUR STUDENTS TO BECOME CONFIDENT, CREATIVE AND RESPONSIBLE INDIVIDUALS ENGAGED IN THE GLOBAL COMMUNITY THROUGH AN INNOVATIVE MANDARIN IMMERSION PROGRAM THAT COMBINES ACADEMIC EXCELLENCE WITH SOCIAL AND EMOTIONAL DEVELOPMENT TO FOSTER A LIFELONG PASSION FOR LEARNING. 0 1 5449767 791175 7415401 PRESIDIO KNOLLS SCHOOL (PKS) IS A PRIVATE, NON-PROFIT,COEDUCATIONAL SCHOOL FOUNDED AS A PRESCHOOL IN 2008 IN SAN FRANCISCO, CALIFORNIA, OFFERING A REGGIO EMILIA INSPIRED EDUCATIONAL APPROACH WITH MANDARIN IMMERSION PROGRAM. IN 2012,THE SCHOOL BEGAN AN EMERGING K-8 PROGRAM. FOR THE 2015/2016 SCHOOL YEAR, THE SCHOOL HAD KINDERGARTEN, 1ST, 2ND AND 3RD GRADE. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. 5449767 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 27 0 1 92 1 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X AILEEN DE LEON 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 KATIE BIBER CHEN TRUSTEE 5.00 X 0 0 0 DAVID LESSING TREASURER 5.00 X X 0 0 0 MATT KOIDIN CO-CHAIR 5.00 X X 0 0 0 JEREMY LIEW CO-CHAIR 5.00 X X 0 0 0 RANEE LAN TRUSTEE 5.00 X 0 0 0 RACHEL BORDOLI TRUSTEE 5.00 X 0 0 0 RON BOUGANIM TREASURER 5.00 X X 0 0 0 LANIER COLES TRUSTEE 5.00 X 0 0 0 JOE HALLER TRUSTEE 5.00 X 0 0 0 CHING-YEE HU TRUSTEE 5.00 X 0 0 0 KURT MENNING TRUSTEE 5.00 X 0 0 0 LAURA NADLER SECRETARY 5.00 X X 0 0 0 JOHN STRICKLIN TRUSTEE 5.00 X 0 0 0 KEVIN WONG TRUSTEE 5.00 X 0 0 0 MELODY MECKFESSEL TRUSTEE 5.00 X 0 0 0 LEO MA TRUSTEE 5.00 X 0 0 0 ANGELA WONG TRUSTEE 5.00 X 0 0 0 ANU MENON TRUSTEE 5.00 X 0 0 0 GILLIAN WILSON BUSINESS MANAGER 40.00 X 81040 0 25668 LEE ANN DROLET HEAD OF SCHOOL FROM JULY 2015 40.00 X 149560 0 4470 ALFONSO J ORSINI HEAD OF SCHOOL THROUGH JUNE 2015 40.00 X 139423 0 14706 370023 0 44844 1 1 1 0 MILLER STARR REGALIA 153 TOWNSEND ST SAN FRANCISCO CA 94107 LITIGATION SERVICES 265021 1 5748610 17265 5748610 TUITION AND FEES 611600 6987429 6987429 6987429 504 504 PRESCHOOL FOR ALL FUNDING 611600 427583 427583 OTHER INCOME 900099 389 389 427972 13164515 7415401 0 504 791175 791175 390837 249836 133793 7208 3235250 2379648 822953 32649 382289 281613 97015 3661 264131 191534 69956 2641 37101 26904 9826 371 166369 120642 44063 1664 37244 27008 9864 372 254250 184368 67339 2543 54734 39690 14497 547 228609 165775 60548 2286 64568 60410 4007 151 232978 168943 61705 2330 526800 382007 139525 5268 25350 18381 6714 255 EDUCATION EXPENSES 319968 318628 1291 49 OTHER EXPENSES 30420 20817 7665 1938 ADMISSIONS / MARKETING 17490 12683 4632 175 HIRING / RECRUITMENT 13384 9705 3545 134 7072947 5449767 1558938 64242 2231627 1335837 165151 199384 1501990 3907888 16540 3677931 50700 11920 27063351 1220939 7387333 25842412 0 37619 11353341 35012991 1494505 684033 997970 4990555 400000 13100000 76000 36000 2250000 524031 304374 3492506 21364962 X 6303147 9652578 1557688 3995451 7860835 13648029 11353341 35012991 X 6091568 -304374 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14886958 14886958 11872561 1009929 10862632 302214 209392 92822 1618 1618 0 25842412 INTEREST RATE SWAP 304374 304374 X 12068966 -304374 -791175 -1095549 13164515 0 13164515 6281772 0 6281772 791175 791175 7072947 PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION 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 2D - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS, TUITION REMISSION AND PFA CREDITS -791,175. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS, TUITION REMISSION AND PFA CREDITS 791,175. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIAL NONDISCRIMINATION POLICY WAS PRINTED IN THE SAN FRANCISCO CHRONICLE ON JUNE 6, 2016. SCHEDULE E, PART I, LINE 6 PRESIDIO KNOLLS SCHOOL QUALIFIES FOR PRESCHOOL FOR ALL / HEADSTART / FIRST FIVE FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE. THE FAMILY MUST BE RESIDENT IN SAN FRANCISCO. 1 TUITION ASSISTANCE 20 289058 TUITION REMISSION 7 129700 PRESCHOOL FOR ALL PROGRAM: TUITION CREDITS 75 372417 PART I, LINE 2: TUITION ASSISTANCE: THE SCHOOL USES A THIRD PARTY PROVIDER TO MONITOR WHO SHOULD RECEIVE ASSISTANCE. THE AWARD IS APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION REMISSION: TUITION REMISSION IS OFFERED TO EMPLOYEES AND APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION CREDITS: THE SCHOOL RECEIVES PRESCHOOL FOR ALL FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE, FOR FAMILIES RESIDENT IN SAN FRANCISCO. X X X 0 0 0 0 0 0 0 0 0 LEE ANN DROLET HEAD OF SCHOOL FROM JULY 2015 149560 0 0 0 0 0 0 0 4470 0 154030 0 0 0 ALFONSO J ORSINI HEAD OF SCHOOL THROUGH JUNE 2015 139423 0 0 0 0 0 0 0 14706 0 154129 0 0 0 A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 2015-01-27 13100000 SEE BELOW 0 0 0 A 13100000 250000 12850000 2016 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHJEDULE K, PART 1, LINE A, DESCRIPTION OF PURPOSE: TO ASSIST IN THE ACQUISITION OF THE SCHOOL'S CAMPUS IN ADDITION TO PAYING COSTS OF ISSUANCE. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: NO FILING IS REQUIRED AT THIS TIME. WENDY XA TRUSTEE CONSOLIDATION OF PRIOR AMOUNTS RE REIMBURSEMENTS PLUS LOAN TO BUILD SCHOOL X 191000 36000 0 1 1 36000 24500 TUITION REMISSION DISCOUNTED TUITION FRIENDS OF PKS LLC SEE BELOW 3500000 SEE BELOW 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THE MEMBERS OF FRIENDS OF PKS, LLC ARE EITHER SCHOOL TRUSTEES OR A SPOUSE OF A TRUSTEE: JEREMY LIEW, RANEE LAN, MELODY MECKFESSEL, LAURA B. NADLER, DAVID NADLER, KURT MENNING, KEVIN S. WONG, LEO K. MA, DAVE LESSING, AND LANIER COLES. SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 1/27/15, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 2015 TAX-EXEMPT SUBORDINATE LOAN (PRESIDIO KNOLLS SCHOOL) PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN WAS USED TO ASSIST IN PURCHASING THE CAMPUS. THESE FUNDS ARE INCLUDED IN THE ISSUE PRICE OF $13.1 MILLION ON SCHEDULE K. FORM 990, PART III, LINE 3 THE SCHOOL ADDED 3RD GRADE IN 2015/16. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JEREMY LIEW AND RANEE LAN ARE MARRIED. THE MEMBERS OF FRIENDS OF PKS, LLC (SEE SCHEDULE L) ARE EITHER SCHOOL TRUSTEES OR A SPOUSE OF A TRUSTEE. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD EXECUTIVE COMMITTEE, BOARD FINANCE COMMITTEE AND BOARD FUNDRAISING/DEVELOPMENT COMMITTEE REVIEW THE TAX RETURN PRIOR TO FILING. THE BOARD FINANCE COMMITTEE APPROVES THE FINAL TAX RETURN PRIOR TO FILING. AFTER FILING, THE PUBLIC DISCLOSURE COPY IS SHARED WITH ALL COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST COVERS BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WHO ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS. DISCLOSURES ARE COLLECTED AND REVIEWED BY THE CORPORATE SECRETARY AND CONTROLLER. POTENTIAL CONFLICT WILL BE REPORTED TO THE COO AND THE EXECUTIVE COMMITTEE WILL DECIDE IF ANY ADDITIONAL ACTION IS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -304,374. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.