2017-03-10T17:52:44-06:00 2016-06-30 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-07-01 943250488 SEA CREST SCHOOL INC SEAC 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 DR TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 6507129892 2017-02-15 1 JULIET SONG P00857784 4154326200 2015 2021-01-29 14:40:06Z DR TEKAKWITHA PERNAMBUCO 901 ARNOLD WAY HALF MOON BAY CA 94019 9516597 0 X WWW.SEACRESTSCHOOL.ORG X 1996 CA SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION (CONTINUES SCH O) (CONTINUES FROM PAGE 1) TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 16 15 79 250 0 0 522721 539177 4959195 5459012 1834 24223 44700 44523 5528450 6066935 609170 707595 0 0 3114842 3516932 0 0 91709 1167195 1381395 4891207 5605922 637243 461013 10566387 10775020 7115445 6858552 3450942 3916468 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 0 0 3818113 707595 5217360 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 146013 241652 AUXILIARY SERVICES PROVIDE EXTENDED DAY PROGRAMS FOR ATHLETICS, ART, MUSIC, SCIENCE, INNOVATION AND OTHER ENRICHMENT PROGRAMS, SUPERVISED BY EXTENDED DAY PROGRAM, COACHES AND SUMMER ENRICHMENT PROGRAMS. 3964126 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 1 0 0 0 0 0 0 0 0 0 1 23 0 1 79 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KELLY SPAETH DIRECTOR OF FINANCE AND OPERATIONS 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 AMY RAMSEY CHAIR 1.00 X X 0 0 0 JACQUIE CUVELIER CHIEF FINANCIAL OFFICER 1.00 X X 0 0 0 TANYA GULESSERIAN SECRETARY 1.00 X X 0 0 0 JIM BARTEL VICE CHAIR 1.00 X X 0 0 0 BARRY FRANKLIN TRUSTEE 1.00 X 0 0 0 SARAH GRIEGO GUZ TRUSTEE 1.00 X 0 0 0 JOHN MEYER TRUSTEE 1.00 X 0 0 0 RICK KOWALCZYK TRUSTEE 1.00 X 0 0 0 LAURA LEBER KAMMEYER TRUSTEE 1.00 X 0 0 0 JOHN LOESER TRUSTEE 1.00 X 0 0 0 SUE REYNERI TRUSTEE 1.00 X 0 0 0 PAMELA IZZO TRUSTEE EMERITA 1.00 X 0 0 0 RYAN POPPLE TRUSTEE 1.00 X 0 0 0 JULIE WALTERS TRUSTEE 1.00 X 0 0 0 LYNN MARRS TRUSTEE 1.00 X 0 0 0 TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 55.00 X X 239500 0 31758 KELLY SPAETH DIRECTOR OF FINANCE & OPER 55.00 X 112007 0 19214 MICHELLE GIACOTTO DIRECTOR OF TEACHING AND L 55.00 X 104211 0 7366 MICHAEL THOMPSON DIRECTOR OF ADMISSION AND 55.00 X 104589 0 13484 560307 0 71822 4 0 1 0 0 61388 477789 4782 539177 TUITION 611600 5217360 5217360 AUXILIARY SERVICES 611600 241652 241652 5459012 24223 24223 35110 0 35110 35110 35110 3400000 3400000 0 49662 61388 49662 0 MISC. INCOME 611600 9413 9413 9413 6066935 5468425 0 59333 707595 707595 430544 215272 215272 2236215 1804514 431701 163625 142481 21144 465327 369824 95503 221221 140777 80444 33758 33758 29000 29000 15204 15204 77085 28962 48123 20417 20417 55480 55480 16004 7574 8430 62063 51219 10844 125232 125232 344401 213529 130872 98083 41273 56810 CURRICULUM, CLASSROOM S 139748 139748 ALL OTHERS 120591 64892 55699 MAINTENANCE, EQUIPMENT 113995 16049 97946 DEVELOPMENT 80672 38625 42047 49662 49662 5605922 3964126 1550087 91709 88970 113612 4651581 5053419 21117 3419 88294 53700 89125 110572 8129915 2849612 5448204 5280303 32423 32916 146673 127079 10566387 10775020 282673 262635 2330056 2200131 4502716 4395786 7115445 6858552 X 3284158 3823782 153469 79371 13315 13315 3450942 3916468 10566387 10775020 461013 4513 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32423 493 32916 31438 985 32423 26479 4959 31438 23505 2974 26479 23314 191 23505 0.37700 0.40500 0.21800 0 0 870118 870118 6673555 2476432 4197123 586242 373180 213062 5280303 X 5424215 4513 60362 64875 5359340 707595 707595 6066935 4958689 60362 60362 4898327 707595 707595 5605922 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF ONE INDIVIDUAL FUND ESTABLISHED FOR THE LONG TERM FINANCIAL BENEFIT OF THE SCHOOL AND ITS EDUCATIONAL GOALS AND OBJECTIVES BY PROVIDING ANNUAL SUPPORT FOR THE SCHOOL. 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 PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 60,362. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 707,595. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 60,362. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 707,595. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEA CREST SCHOOL PUBLICIZES IT NON-DISCRIMINATION POLICY ANNUALLY IN THE HALF MOON BAY REVIEW AND THE SAN FRANCISCO CHRONICLE. LAST PUBLICATION DATE FOR THE HALF MOON BAY REVIEW AND THE SAN FRANCISCO CHRONICLE WAS JUNE 6, 2016. SCHEDULE E, PART I, LINE 6 WE RECEIVE A DISCOUNT ON OUR INTERNET SERVICE FROM E-RATE AND CALIFORNIA TELECONNECT FUND. AUCTION 111050 61388 49662 18256 13794 2125 15487 111050 61388 49662 18256 13794 2125 15487 49662 0 1 FINANCIAL ASSISTANCE FOR TUITION 66 532595 FAIR VALUE OF TUITION TUITION ASSISTANCE TUITION REMISSION 21 175000 FAIR VALUE OF TUITION REMISSION TUITION REMISSION PART I, LINE 2: SEA CREST REQUIRES FINANCIAL DISCLOSURE AND PRIOR TAX RETURNS FROM APPLICANTS FOR ASSISTANCE. DECISIONS ARE BASED ON THE FAMILIES' CALCULATED ABILITY TO PAY (USING F.A.S.T. METHODOLOGY) AND THE POOL OF FUNDS AVAILABLE. RECORDS ARE MAINTAINED INDIVIDUALLY FOR EACH FAMILY. X X 1 1 X X X 0 0 0 1 0 0 0 0 0 TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 187500 0 25000 0 27000 0 13125 0 18633 0 271258 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL WAS PAID A STIPEND OF $24,000 PER YEAR AS A HOUSING ALLOWANCE AND USE OF PERSONAL RESIDENCE FOR SCHOOL FUNCTIONS, WHICH WAS PAID THROUGH PAYROLL. THE HEAD OF SCHOOL WAS ALSO PAID $3,000 FOR BUSINESS EXPENSE REIMBURSEMENT, WHICH WAS PAID THROUGH PAYROLL. PART I, LINE 5 AS PER THE HEAD OF SCHOOL'S (HOS) EMPLOYMENT AGREEMENT, HOS IS ELIGIBLE FOR A BONUS BASED UPON FINANCIAL POSITION OF THE SCHOOL AND THE ACHIEVEMENT OF MUTUALLY AGREED UPON PERFORMANCE GOALS, ESTABLISHED AT THE BEGINNING OF EACH YEAR. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 NONEAVAIL 2013-07-01 4653000 REFINANCE 2008 TAX-EXEMPT BONDS, AND IMPROVEMENTS OF THE SCHOOL 0 0 0 A 257214 4653000 92155 240516 4320329 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 JIM BARTEL BOARD MEMBER AND MINOR PARTNER OF THE SCHOOL'S WEBSITE DESIGNER 4171 THE SCHOOL HIRED AN ORGANIZATION FOR WEBSITE DESIGN. 0 FORM 990, PART VI, SECTION B, LINE 11 FILING WAS REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEES, FINANCE COMMITTEE MEMBERS AND THE DIRECTOR OF FINANCE AND OPERATIONS ARE REQUIRED TO SIGN A "CONFLICT OF INTEREST" STATEMENT EACH YEAR AND DISCLOSE ANY POSSIBLE ACTIVITIES WHICH MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE SCHOOL HIRES ITS TOP MANAGEMENT OFFICIAL, IT HIRES A SEARCH FIRM AND DOES SALARY BENCHMARKING AT THAT TIME. SALARY INCREASES ARE IN LINE WITH INDUSTRY STANDARDS. ADDITIONALLY, THE EXECUTIVE COMMITTEE HAS OVERSIGHT AND APPROVAL OF THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2 (C) THE FINANCE COMMITTEE OF THE BOARD OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS.