2017-05-12T14:57:26-05:00 2016-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2015-07-01 941495182 VALLEY CHRISTIAN SCHOOLS VALL 4085132598 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 KEN SHILLING CFO 4085132598 2017-05-11 1 KATY BROWN P00650274 9257902600 2015 2021-01-29 14:40:06Z KEN SHILLING 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 57349559 0 X WWW.VCS.NET X 1956 CA PROVIDE CHRISTIAN EDUCATION FOR 2,645 STUDENTS IN GRADES K-12. 8 5 532 1095 0 0 1950017 2294817 45609064 50252481 537796 606005 265543 344811 48362420 53498114 2092767 2356258 0 0 22924824 25089112 0 0 433695 21222925 22335907 46240516 49781277 2121904 3716837 104186248 106906764 67529592 70007021 36656656 36899743 X VALLEY CHRISTIAN SCHOOL'S (VCS) MISSION IS TO PROVIDE A NURTURING ENVIRONMENT OFFERING QUALITY EDUCATION SUPPORTED BY A STRONG FOUNDATION OF CHRISTIAN VALUES IN PARTNERSHIP WITH PARENTS, EQUIPPING STUDENTS TO BECOME LEADERS TO SERVE GOD, THEIR FAMILIES, AND POSITIVELY IMPACT THEIR COMMUNITIES AND THE WORLD. STUDENTS ATTENDING THE SCHOOL DURING THIS YEAR WERE 2,645 IN GRADES K-12. 0 0 41312891 2356258 50252481 VALLEY CHRISTIAN SCHOOLS IS DEDICATED TO PROVIDING RELIGIOUS EDUCATION ALONG WITH TRAINING IN ACADEMICS, ARTS AND ATHLETICS FOR STUDENTS IN GRADES K-12. ACADEMICS - THE ACADEMIC JOURNEY CONTINUES FOR STUDENTS AS THEY PURSUE THEIR EDUCATIONAL PASSIONS WHILE GROWING STRONGER IN THEIR CHRISTIAN FAITH. WITH ACCESS TO A RICH COMBINATION OF CORE CLASSES AND ELECTIVES IN A RIGOROUS, COMPREHENSIVE COLLEGE PREPARATORY ENVIRONMENT, VCS STUDENTS HAVE THE OPPORTUNITY TO EXPLORE A VARIETY OF DISCIPLINES THAT LEAD THEM TO ACHIEVE THEIR GOD-INTENDED PURPOSES.CONSERVATORY - THE CONSERVATORY OF THE ARTS IS TO CONNECT STUDENTS' GOD-GIVEN TALENTS WITH EXTRAORDINARY OPPORTUNITIES FOR GROWTH AND SERVICE. THE CONSERVATORY OF THE ARTS OFFERS STUDENTS AN OPPORTUNITY TO FURTHER REFINE THEIR GOD-GIVEN ARTISTIC TALENTS BY MAJORING OR MINORING IN ONE OF SEVEN DISCIPLINES, INCLUDING MUSIC, VISUAL ARTS, DANCE ARTS, CINEMATIC ARTS, THEATRE ARTS, INTEGRATED ARTS, OR THEATRICAL DESIGN AND TECHNOLOGY. THE CONSERVATORY OF THE ARTS HAS EXPANDED COURSE OFFERINGS BY ENTERING INTO STRATEGIC PARTNERSHIPS WITH INTERNATIONALLY RECOGNIZED ART INSTITUTIONS, SUCH AS THE RENOWNED BERKLEE COLLEGE OF MUSIC IN BOSTON AND THE STEINWAY CORPORATION. COLLEGE AND ADMISSIONS COMMITTEES LOOK FAVORABLY ON UNDERGRADUATE APPLICATIONS THAT SHOW FOUR YEARS OF CONCENTRATED INVOLVEMENT IN A SPECIALIZED PROGRAM, AND THE CONSERVATORY PROGRAM GRADUATION STANDARDS IN CERTAIN DISCIPLINES ARE ABOVE AND BEYOND THE REQUIREMENTS FOR TRADITIONAL GRADUATION. WITH UNMATCHED RESOURCES AND TALENTED FACULTY, THE CONSERVATORY FOSTERS AN ENVIRONMENT WHERE STUDENTS MASTER THEIR TALENTS IN PREPARATION FOR ADMISSION TO INTERNATIONALLY RENOWNED COLLEGIATE INSTITUTIONS.ATHLETICS - ATHLETICS PROGRAM PROMOTES LIFELONG DISCIPLINE AND GOOD HEALTH. WHILE TRAINING IN DIVERSE SPORTS, ATHLETES LEARN TO EXHIBIT CHRISTIAN CHARACTER UNDER THE PRESSURE OF COMPETITION. VCS STUDENT-ATHLETICS REGULARLY COMPLETE WITH DISTINCTION AT THE LOCAL, STATE, AND NATIONAL LEVEL. WITH 22 TEAMS IN 15 DIFFERENT SPORTS, VCS PROVIDES THE OPPORTUNITY FOR ATHLETES TO DEVELOP IN THEIR SPORT AND GROW AS YOUNG MEN AND WOMEN. 41312891 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 1 94 0 1 532 1 0 0 0 0 0 1 1 0 0 0 0 X 8 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEN SHILLING 4085132598 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 MS VERA SHANTZ CHAIR 1.00 X 0 0 0 MR MICHAEL SPRAUVE VICE CHAIR 1.00 X 0 0 0 MR DAN BURFORD SECRETARY 1.00 X 0 0 0 MRS SUSAN BAGLEY MEMBER 1.00 X 0 0 0 MR ERIC PHELPS MEMBER 1.00 X 0 0 0 MR ROBERT RUBINO MEMBER 1.00 X 0 0 0 DR RICK WATSON MEMBER 1.00 X 0 0 0 MR JERRY MERZA MEMBER 1.00 X 0 0 0 DR CLIFFORD E DAUGHERTY PRESIDENT/SUPERINTENDENT 40.00 X 219934 0 38210 MR KEN SHILLING CFO 40.00 X 182557 0 40033 DR STEPHEN E MCMINN COO 40.00 X 208253 0 24874 MR JOHN COOLEY CLC (START 4/16) 40.00 X 0 0 0 MR ERIC SCHARRENBERG VP/K-12 ATHLETIC DIRECTOR 40.00 X 135529 0 21756 MR MICHAEL ANNAB DIRECTOR OF TECHNOLOGY 40.00 X 130831 0 22323 MR DAVE ERISMAN SR. IT MANAGER 40.00 X 128096 0 22139 MR MARK LODEWYK HS PRINCIPAL 40.00 X 124462 0 29636 MS JENNIFER GRIFFIN HS VICE PRINCIPAL 40.00 X 117386 0 21369 MR DON SHIPLEY FORMER CFO 40.00 X 117657 0 14902 1364705 0 235242 23 1 1 0 NEW TECHNOLOGY SPECIALISTS 1709 A LITTLE ORCHARD STREET SAN JOSE CA 95125 CONSTRUCTION/TECHNOLOGY 3044174 FIRST GROUP AMERICA 24179 NETWORK PLACE CHICAGO IL 60673 BUS SERVICES 728013 ABISS BUILDING MAINTENANCE CO 3179 KILO AVENUE SAN JOSE CA 95124 BUILDING CLEANING & MAINTENANCE SERVICES 516446 UNIVERSL PROTECTION SERVICE 1551 N TUSTIN AVE STE 650 SANTA ANA CA 92705 SECURITY SERVICE 319044 ABM INDUSTRIES 5725 ALDER AVENUE SACRAMENTO CA 95828 HVAC SERVICES 165791 6 1015471 1279346 129214 2294817 TUITION AND FEES 611710 46525133 46525133 AUXILLIARY SERVICES 611710 3606218 3606218 FEES & OTHER PROGRAM R 611710 121130 121130 50252481 549480 549480 326313 0 326313 326313 326313 3818798 3762273 56525 56525 56525 107670 1015471 89172 18498 18498 53498114 50252481 0 950816 2320898 2320898 35360 35360 846420 169284 677136 406750 406750 17638790 13764098 3721067 153625 570138 340529 224030 5579 4202576 2510089 1685191 7296 1424438 850780 561170 12488 86203 86203 309414 309414 388560 194280 194280 510999 459899 51100 411479 41148 115624 254707 454960 363968 90992 4984452 4511609 472843 245341 220807 24534 2585548 2585548 5051341 5051341 294102 264692 29410 INSTRUCTIONAL PROGRAM 4553304 4553304 OTHER EXPENSES 1397378 1316347 81031 TRANSPORTATION 681430 613287 68143 SECURITY 381396 343256 38140 49781277 41312891 8034691 433695 2100 4130985 5975935 2037689 92249 80243 142168 24848 218150 245658 252294 207968 121471355 43019279 80151540 78452076 13116272 20031934 2253268 1982272 1695363 104186248 106906764 3420576 3856166 3445370 3650413 48795000 47305000 308091 299229 11560555 14896213 67529592 70007021 X 33266757 33157440 1429503 1781907 1960396 1960396 36656656 36899743 104186248 106906764 3716837 -3473750 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 7.20 0 1 0 1 1 5.00 1 3137949 65354 3203303 3105069 32880 3137949 3001654 250 103165 3105069 2984501 3833 13320 3001654 2898760 6555 79186 2984501 0.00000 0.61200 0.38800 0 0 6663808 6663808 89683438 29649384 60034054 10557186 3467022 7090164 14566923 9902873 4664050 78452076 INTEREST RATE SWAP 14896213 14896213 X 47716466 -3473750 13000 -2320898 -5781648 53498114 0 53498114 47473379 13000 13000 47460379 2320898 2320898 49781277 PART II, LINE 9: THE CONSERVATION EASEMENT IS NOT REPORTED IN THE SCHOOL'S FINANCIAL STATEMENTS. PART V, LINE 4: THE ONLY DISBURSEMENTS PERMITTED FROM THE SCHOOL'S ENDOWMENT ARE FOR TEACHERS' COMPENSATION. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM THE FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE FRANCHISE TAX CODE, RESPECTIVELY. THE SCHOOL HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITION AND CONCLUDED THAT AS OF JUNE 30, 2016 OR 2015, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITION FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -1,637,273. TUITION AND FEE DISCOUNTS -683,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 1,637,273. TUITION AND FEE DISCOUNTS 683,625. 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 PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE SAN JOSE MERCURY NEWS ANNUALLY. 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 1 0 GRANTS TO RECIPIENTS LOCATED IN REGION 35360 1 0 0 0 1 0 35360 0 35360 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, HELP PURCHASE FURNITURE AND SUPPLIES FOR THE SCHOOL AND SUPPORT LOCAL TEACHERS. 35360 WIRE TRANSFER 1 0 0 0 0 0 0 PART I, LINE 2: ALL FUNDS WERE WIRED DIRECTLY TO THE SCHOOL. VALLEY CHRISTIAN SCHOOL (VCS) HAS BEEN AND IS STILL IN CONTACT WITH THE PASTOR OF THE CHURCH AND SCHOOL. HE HAS VISITED VCS SEVERAL TIMES AND SPOKE TO EMPLOYEES AND STUDENTS ABOUT THE PROJECT. VCS HAS HAD AT LEAST TWO TRIPS OF EMPLOYEES WHO VISITED THE CONSTRUCTION SITE. THE PASTOR SENT PICTURES SEVERAL TIMES DURING CONSTRUCTION AND OF THE STUDENTS ONCE THE SCHOOL OPENED. VCS HAS A WEBSITE THAT SHOWS THE PROGRESS AND ACTIVITIES OF THE SCHOOL. QUEST BALL 977000 900000 77000 0 0 4500 39011 5295 5000 JH JOG-A THON 56723 56723 1186 771 4186 222 2 89418 58748 30670 756 3634 8742 15869 1123141 1015471 107670 1942 8134 48524 25350 5222 89172 18498 1 SCHOLARSHIPS AND FINANCIAL AID 423 2320898 PART I, LINE 2: ALL WRITTEN REQUESTS FOR FINANCIAL AID FUNDS MUST BE SUBMITTED IN WRITING ALONG WITH SUPPORTING DOCUMENTATION BY THE REQUESTING FAMILIES DETAILING THEIR FINANCIAL SITUATION. THESE DOCUMENTS ARE REVIEWED ON AN ONGOING BASIS BY THE VCS FINANCIAL AID COMMITTEE. FINANCIAL AID AWARDS ARE GRANTED AS FUNDS BECOME AVAILABLE. DEPENDING ON THE AVAILABILITY OF FUNDS, TUITION ASSISTANCE AWARDS MAY BE OFFERED TO STUDENTS BASED ON ONE OR MORE OF THE FOLLOWING CRITERIA: EXTRAORDINARY GOD-GIVEN TALENTS, EXTRAORDINARY POTENTIAL OR A PROVEN FINANCIAL NEED. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 DR CLIFFORD E DAUGHERTY PRESIDENT/SUPERINTENDENT 55838 0 47000 0 117096 0 18000 0 20210 0 258144 0 0 0 MR KEN SHILLING CFO 173557 0 9000 0 0 0 18000 0 22033 0 222590 0 0 0 DR STEPHEN E MCMINN COO 175253 0 33000 0 0 0 18000 0 6874 0 233127 0 0 0 MR ERIC SCHARRENBERG VP/K-12 ATHLETIC DIRECTOR 135529 0 0 0 0 0 0 0 21756 0 157285 0 0 0 MR MICHAEL ANNAB DIRECTOR OF TECHNOLOGY 130831 0 0 0 0 0 0 0 22323 0 153154 0 0 0 MR DAVE ERISMAN SR. IT MANAGER 128096 0 0 0 0 0 0 0 22139 0 150235 0 0 0 MR MARK LODEWYK HS PRINCIPAL 124462 0 0 0 0 0 0 0 29636 0 154098 0 0 0 MR DON SHIPLEY FORMER CFO 117657 0 0 0 0 0 0 0 14902 0 132559 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS PASSED A RESOLUTION TO APPROVE A REASONABLE MONTHLY HOUSING ALLOWANCE IN THE W-2 COMPENSATION OF THE PRESIDENT/SUPERINTENDENT AND DIRECTOR OF AMSE/CHAPLAIN. THE FAIR MARKET VALUE OF THE HOUSING PROVIDED TO THE PRESIDENT/SUPERINTENDENT WAS $117,096 FOR THIS REPORTING PERIOD. THIS AMOUNT IS MINISTERIAL HOUSING ALLOWANCE. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CEY2 2003-04-30 39500000 REFINANCE BONDS ISSUED IN 1998 & 2001 TO CONSTRUCT EDUCATIONAL FACILITIES 0 0 0 B ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CPB0 2009-07-01 20000000 FOR CONSTRUCTION OF EDUCATIONAL FACILITIES. 0 0 0 A 10420000 39500000 1411641 531450 834741 3006400 32927409 2001 0 1 1 1 B 1775000 20000000 25943 212511 19491442 2011 0 0 1 1 A 0 0 1 1 0 0.00000 0.01390 0.01390 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 1 WELLS FARGO 30.000000000000 0 0 0 0 1 B 0 0 0 1 1 1 WELLS FARGO 24.666666700000 0 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2015 FORM 990, SCHEDULE K, PART IV, COLUMN A, LINE 3C IN FISCAL YEAR 2006, THE SCHOOL ENTERED INTO TWO INTEREST RATE SWAP AGREEMENTS TO HEDGE THE SCHOOL'S VARIABLE RATE BOND DEBT. ONE AGREEMENT HAS A TERM OF 4 YEARS, 11 MONTHS, TERMINATING ON NOVEMBER 1, 2010. THE SECOND AGREEMENT HAS A TERM OF 26 YEARS, 11 MONTHS, TERMINATING ON NOVEMBER 1, 2032. IN FISCAL YEAR 2008, THE SCHOOL ENTERED INTO TWO ADDITIONAL INTEREST RATE SWAP AGREEMENTS. ONE AGREEMENT HAS A TERM OF TWO YEARS, AND WILL REPLACE THE ABOVE MENTIONED SWAP ON ITS TERMINATION DATE OF NOVEMBER 1, 2010. THE SECOND AGREEMENT HAS A TERM OF 30 YEARS, TERMINATING ON MARCH 1, 2039. ANNE DELKE FAMILY MEMBER OF BOARD MEMBER SUSAN BAGLEY 49868 TEACHER IN THE SCHOOL 0 PAM WATSON FAMILY MEMBER OF BOARD MEMBER DR. RICK WATSON 73403 ADMINISTRATOR 0 MIKE ANNAB FAMILY MEMBER OF CEO CLIFF DAUGHERTY 130831 IT DIRECTOR 0 KRISTINA MCMINN FAMILY MEMBER OF COO STEVE MCMINN 22184 TEACHER IN THE SCHOOL 0 JOHN DELKE FAMILY MEMBER OF BOARD MEMBER SUSAN BAGLEY 60102 TEACHER IN THE SCHOOL 0 KRISTIN ANNAB FAMILY MEMBER OF CEO CLIFF DAUGHERTY 70362 TEACHER IN THE SCHOOL 0 ROBERT RUBINO BOARD MEMBER 69491 ENGINEERING SERVICES PROVIDED BY RUBINO ENGINEERING 0 CLIFFORD DAUGHERTY CEO OF SCHOOL 39566 BOOKS PURCHASED FROM QUEST FOR EXCELLENCE MEDIA, OPERATED BY CLIFFORD DAUGHERTY. 0 X 5 129214 FMV 0 1 0 PART I, COLUMN (B): 5 REPRESENTS THE NUMBER OF CONTRIBUTORS FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER DR. RICK WATSON AND ADMIN PERSON PAM WATSON HAVE A FAMILY RELATIONSHIP. BOARD MEMBER SUSAN BAGLEY AND TEACHERS ANNE DELKE AND JOHN DELKE HAVE A FAMILY RELATIONSHIP. CEO CLIFF DAUGHERTY AND IT DIRECTOR MIKE ANNAB & TEACHER KRISTIN ANNAB HAVE A FAMILY RELATIONSHIP. COO STEVE MCMINN AND TEACHER KRISTINA MCMINN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE CFO AND ASSISTANT CONTROLLER PROVIDE THE INFORMATION TO THE ACCOUNTING FIRM THAT PREPARES THE FORM 990. UPON RECEIPT OF THE COMPLETED FORM 990 FROM THE ACCOUNTING FIRM, THE CEO AND CFO REVIEW THE COMPLETED DOCUMENT AND FORWARD IT TO ALL THE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE GIVEN THE OPPORTUNITY TO REVIEW BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A CONFLICT OF INTEREST POLICY AND FURTHER BOARD MEMBERS AND OFFICERS MUST SUBMIT ANNUAL SIGNED CONFLICT OF INTEREST REPORTS AS A COMPONENT OF THE ANNUAL BUDGET APPROVAL PROCESS / SCHEDULE AND, IF NOT PREVIOUSLY DISCLOSED, WILL MAKE DISCLOSURE BEFORE ANY RELEVANT BOARD OR COMMITTEE ACTION. IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY, ANY MATTER INVOLVING A POTENTIAL CONFLICT OF INTEREST MUST BE REVIEWED AND APPROVED BY THE DISINTERESTED MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE RELEVANT POSITIONS ARE THE CEO, COO AND CFO. THE COMPENSATION WAS DETERMINED BY AN UNRELATED THIRD PARTY CONSULTANT. HE BASED HIS ANALYSIS ON CONTEMPORANEOUS SALARY LEVELS FOR EQUIVALENT SCHOOLS IN THE SAN JOSE AREA. HIS REPORT WAS PRESENTED TO THE BOARD OF DIRECTORS WHO BASED ANY SALARY INCREASES ON THE INFORMATION CONTAINED THEREIN. THIS STUDY WAS LAST PERFORMED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL AUDIT REPORT TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, SECTION A, LINE 1A COMPENSATION DOES NOT REFLECT CO-CURRICULAR COMPENSATION AND STIPENDS. QUEST INSTITUTE FOR QUALITY EDUCATION 100 SKYWAY DRIVE SAN JOSE CA 95111 204451361 QUALITY EDUCATION CA 501(C)(3) LINE 9 0 VALLEY COMMUNITY PROGRAMS 100 SKYWAY DRIVE SAN JOSE CA 95111 010731652 COMMUNITY OUTREACH CA 501(C)(3) LINE 11A, I VALLEY CHRISTIAN SCHOOLS 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VALLEY COMMUNITY PROGRAMS INC A 60000 CASH