2016-12-15T00:00:00-06:00 2016-06-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2015-07-01 942240127 Keys Family Day School Inc KEYS 6503281711 2890 Middlefield Road Palo Alto CA 94306 Jung Choi Treasurer 6503281711 2016-12-14 1 John Panetta P00365375 9257902600 2015 2017-02-10 21:41:12Z ALONA SCOTT 2890 Middlefield Road Palo Alto CA 94306 11442443 0 X www.keysschool.org X 1973 CA KEYS FAMILY DAY SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, NONSECTARIAN DAY SCHOOL. 24 23 90 171 0 0 1061027 1192580 9474697 10029336 59707 64103 139583 76259 10735014 11362278 685675 676825 0 0 6289410 6884988 0 0 493234 3214390 3229474 10189475 10791287 545539 570991 24097784 23073092 12776217 11143324 11321567 11929768 X Keys Family Day School is an independent K-8 school that offers a broad hands-on curriculum. It fosters high academic achievement and emphasizes balanced growth-intellectual, physical, emotional, and social-for every student. Within a diverse and supportive community, Keys provides a caring and creative environment that encourages children to love learning, to take intellectual risks, to act as global citizens, and to treat others with respect and empathy. 0 0 7736393 676825 10029336 KEYS FAMILY DAY SCHOOL PROVIDES EDUCATION AT THE KINDERGARTEN THROUGH EIGHTH GRADE LEVELS TO APPROXIMATELY 317 STUDENTS. 7736393 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 18 0 1 90 1 0 0 0 0 0 1 1 0 0 0 0 X 24 23 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 1 0 CA X Steven Smith Business Director 6503281711 3981 El Camino Real Palo Alto CA 94306 Jesse Johnson Board Chair 2.00 X X 0 0 0 Ramesh Rajagopal Vice Chair 2.00 X X 0 0 0 Molly Forstall Vice Chair 2.00 X X 0 0 0 Steve MacKay Vice Chair 2.00 X X 0 0 0 Rodrigo Liang Secretary 2.00 X X 0 0 0 Jung Choi Treasurer 2.00 X X 0 0 0 Andreas Stavropoulos Past Chair 2.00 X X 0 0 0 Ann Jaquith Trustee 2.00 X 0 0 0 Carolyn Choi Trustee 2.00 X 0 0 0 David Fischer Trustee 2.00 X 0 0 0 David Websiter Trustee 2.00 X 0 0 0 Elaine Leff Trustee 2.00 X 0 0 0 Ella Duncanson Trustee 2.00 X 0 0 0 Emily Pollard Trustee 2.00 X 0 0 0 Farah Brelvi Trustee 2.00 X 0 0 0 Huifen Chan Trustee 2.00 X 0 0 0 John Schafer Trustee 2.00 X 0 0 0 Jonathan Manson Trustee 2.00 X 0 0 0 Laura Ching Trustee 2.00 X 0 0 0 Lisa Bourgeault Trustee 2.00 X 0 0 0 Melanie Erasmus Trustee 2.00 X 0 0 0 Tony Carrasco Trustee 2.00 X 0 0 0 Venky Ganesan Trustee 2.00 X 0 0 0 Alona Scott Head of School 40.00 X X 291315 0 24575 Steven Smith Director of Finance and Operations 40.00 X 175495 0 19041 Katherine Atmore Director of Community Engagement and Growth 40.00 X 125451 0 9102 Larry Purcell Middle School Head 40.00 X 117100 0 14055 Kathryn Varda Reading Specialist 40.00 X 106086 0 17187 Jan Bruzzese Director of Communications 40.00 X 106673 0 14599 Elizabeth Doss Lower School Head 40.00 X 112809 0 7733 1034929 0 106292 7 0 1 0 Hines Services Inc 91 Lost Lake Lane Campbell CA 95008 Maintenance 185442 Naturalist at Large PO Box 3517 Ventura CA 93006 Outdoor Education 173944 2 248154 944426 89317 1192580 Tuition and Fees 611710 9477650 9477650 Auxiliary Fees 611600 280706 280706 Other Programs 611600 247172 247172 Application/late fees 611600 23808 23808 10029336 63449 63449 18513 0 18513 18513 18513 654 0 654 654 654 137911 248154 80165 57746 57746 11362278 10029336 0 140362 676825 676825 742325 497386 244939 4924260 3828672 971925 123663 369725 252944 92795 23986 467902 348850 110236 8816 380776 254588 101652 24536 19140 19140 33105 33105 516062 237601 269767 8694 23366 8605 14761 179306 144853 29035 5418 43129 25764 14553 2812 802420 675601 120809 6010 1100 825 275 79776 35294 41056 3426 368670 328660 39653 357 596831 554912 38552 3367 48929 250 48679 Outdoor Education 311981 309511 1698 772 Printing and Postage 70581 17392 41982 11207 Miscellaneous 63622 21745 35302 6575 Food and Beverage 42298 20321 20548 1429 29158 2610 24357 2191 10791287 7736393 2561660 493234 418617 243231 2423621 1932948 9750 0 22977 22907 104509 98001 21826580 4267477 17987322 17559103 2827729 2925615 303259 291287 24097784 23073092 910511 1007048 2199218 1311084 9629876 8787116 36612 38076 12776217 11143324 X 10359720 10907556 411836 472201 550011 550011 11321567 11929768 24097784 23073092 570991 37210 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1699887 0 59580 1759467 1614204 1450 84233 1699887 1388509 4100 221595 1614204 1117001 135543 135965 1388509 1078695 38306 1117001 0.47070 0.31260 0.21670 0 0 8092492 8092492 11125359 2697227 8428132 1133654 995673 137981 1475075 574577 900498 17559103 Deferred Rent 38076 38076 X 10722663 37210 -676825 -639615 11362278 0 11362278 10114462 0 10114462 676825 676825 10791287 Part V, Line 4: The School's endowment consists of funds established for a variety of purposes, including professional development. Part X, Line 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER THE PROVISIONS OF 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT, AS OF JUNE 30, 2016 AND 2015, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. Part XI, Line 2d - Other Adjustments: Tuition assistance -676,825. Part XII, Line 4b - Other Adjustments: Tuition Assistance 676,825. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Keys Family Day School joins with other Bay Area independent schools to publish their nondiscrimination policy once a year in the San Francisco Chronicle. Schedule E, Part I, Line 4 ALL AID IS COMPLETELY NEED BASED AND RACIALLY BLIND. Annual Auction 382569 248154 134415 10052 2452 32337 1200 33806 Book Sale 3496 3496 318 4 386065 248154 137911 10052 2452 32337 1200 34124 80165 57746 1 Financial Aid 32 676825 Part I, Line 2: Tuition assistance is awarded based on third-party evaluation of family financial situations, which includes the review of income tax filings. Tuition assistance awards are applied directly to student accounts as an offset to billable tuition. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Alona Scott Head of School 291315 0 0 0 0 0 18550 0 6025 0 315890 0 0 0 Steven Smith Director of Finance and Operations 175495 0 0 0 0 0 12292 0 6749 0 194536 0 0 0 Part I, Line 1a The discretionary spending account is included in the school's annual budget. There is one account for the Head of School, the Lower School Head, and the Middle School Head. The account is used solely for unbudgeted expenses associated with the programmatic goals of the school. A California Municipal Finance Authority 201563466 2010-11-09 11892000 Construction 0 0 0 A 3104884 11892000 223575 11668425 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 Schedule K, Part IV, Arbitrage, Line 2b: All bond proceeds were used to pay off a bridge loan and to finance construction shortly after issuance. No proceeds were ever invested, so there has been no investment income generated by any bond funds. X 10 89317 FMV 0 1 0 Part I, Column (b): THIS NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. Form 990, Part VI, Section A, line 7a The Board of Trustees is self-sustaining. Current members nominate and vote in new members. Form 990, Part VI, Section A, line 8b There are no committees with the authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The 990 is first reviewed by the Business Director and the Finance Committee of the Board. It is then signed by the Treasurer and provided to the Board members before filing. Form 990, Part VI, Section B, line 15 In both cases, data is gathered from NAIS (National Association of Independent Schools) and ISBOA (Independent Schools Business Officers Association), a California group. All data is reviewed and the Head of School's salary is set by the Executive Committee of the Board of Trustees. The Head makes a recommendation to the Committee for the Business Director's compensation, which they also review for reasonableness. Form 990, Part VI, Section C, line 19 All documents are available from the Business Director upon request. Form 990, Part VI, Section B, Line 14: A document retention policy is under formation. Currently, both the Development and Business Offices have crafted initial 10-year document retention policies. Development and Business Office documents following the 10-year window have been transferred to a secure facility. Form 990, Part XII, Line 2c: The process has not changed from the prior year.