2016-02-12T16:37:19-06:00 2015-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 PAUL GALVIN DIRECTOR OF FINANCE AND OPERATIONS 4155650400 2016-02-11 1 ROGER BULOSAN P00221282 4155436900 2014 2016-08-17 19:52:53Z PAUL GALVIN 250 VALENCIA STREET SAN FRANCISCO CA 94103 17219041 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA EDUCATING, INSPIRING, & NURTURING GIRLS & BOYS IN THE TRADITION OF QUAKER LEARNING. 20 19 147 75 -36997 -36997 1065830 1161545 12327735 12946681 46720 54127 0 0 13440285 14162353 2017487 2325567 0 0 6887329 7234901 0 0 479250 3547019 4498304 12451835 14058772 988450 103581 59036322 58892216 30481138 30215088 28555184 28677128 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 9992526 2325567 12946681 PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO OPERATE GRADES K-8 IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 9992526 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 58 0 1 147 1 1 1 0 0 0 0 1 1 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X PAUL GALVIN 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 ELIZABETH HAMBRECHT 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 PATTY MCCORMAC 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 ELLEN PACK 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 STACI SLAUGHTER 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 309797 0 86404 PAUL GALVIN DIRECTOR OF FINANCE & OPERATION 40.00 X 202300 0 29920 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 40.00 X 150421 0 9103 JENNIFER ARNEST LOWER HEAD OF SCHOOL 40.00 X 136689 0 14702 MARLENE SLOGER DIRECTOR OF DEVELOPMENT 40.00 X 117815 0 13570 GWEN RINO ACADEMIC DEAN 40.00 X 109193 0 6552 RYAN GALLAGHER EDUCATIONAL TECHNOLOGY DIRECTOR 40.00 X 107197 0 6432 1133412 0 166683 9 0 1 0 KAISER PERMANENTE FILE 5915 LOS ANGELES CA 900745915 INSURANCE 352219 1 134752 1026793 192027 1161545 TUITION 900099 11977778 11977778 AUXILLARY 900099 966180 966180 MISC 900099 2723 2723 12946681 54127 -36997 91124 3029940 3029940 0 26748 134752 26748 0 14162353 12946681 -36997 91124 2325567 2325567 675337 74287 464185 136865 5430491 4018563 1194708 217220 198642 169384 29258 499888 368485 85464 45939 430543 288240 118206 24097 5076 5025 51 24700 24453 247 14699 14552 147 160862 131608 13161 16093 71721 31620 36091 4010 309920 278928 27893 3099 56222 50600 5622 708357 708357 1240515 1091653 136457 12405 92033 87432 3681 920 AUXILIARY 624349 566485 52077 5787 TEACHING MATERIALS & SU 507092 479750 27342 RECRUITING 43791 43791 638967 80524 551695 6748 14058772 9992526 3586996 479250 5020488 2752942 4961039 1020171 8728017 7461136 330000 330000 278837 671250 44462380 7451426 37836130 37010954 1498960 8891551 384794 382851 369418 59036322 58892216 202792 107106 3592095 3686093 25357086 26014822 671429 1064803 30481138 30215088 X 19688461 20977172 8866723 7683956 16000 28555184 28677128 59036322 58892216 X 103581 -18634 36997 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 16000 16000 1.00000 0 0 2499000 2499000 38522172 5819204 32702124 1001785 171092 830693 2356922 1391800 966343 82501 69330 12794 37010954 ACCRUED SALARIES AND BENEFITS 1064803 1064803 X 11855149 -18634 -18634 11873783 2288570 2288570 14162353 11733205 0 11733205 2325567 2325567 14058772 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. 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. THE SCHOOL HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN AND REQUIRES THE AFFIRMATIVE EVALUATION THAT IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS OF A TAX POSITION, THAT AN ORGANIZATION IS ENTITLED TO ECONOMIC BENEFITS RESULTING FROM TAX POSITIONS TAKEN IN INCOME TAX RETURNS. FOR TAX EXEMPT ENTITIES, FAVORABLE TAX STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. IF A TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SCHOOL'S EVALUATION ON JUNE 30, 2015 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2011 THROUGH 2015 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE TAX YEARS 2010 THROUGH 2014 REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. THE SCHOOL DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,325,567. UNRELATED BUSINESS INCOME -36,997. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,325,567. 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. ANNUAL DINNER DANCE 161500 134752 26748 26748 161500 134752 26748 26748 26748 0 1 TUITION ASSISTANCE 115 2325567 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 1 1 CATHY HUNTER HEAD OF SCHOOL 284497 0 0 0 25300 0 65600 0 20804 0 396201 0 0 0 PAUL GALVIN DIRECTOR OF FINANCE & OPERATION 192300 0 10000 0 0 0 12138 0 17782 0 232220 0 0 0 ANDREW SALVERDA MIDDLE HEAD OF SCHOOL 150421 0 0 0 0 0 9025 0 78 0 159524 0 0 0 JENNIFER ARNEST LOWER HEAD OF SCHOOL 136689 0 0 0 0 0 8201 0 6501 0 151391 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. PART I, LINE 8 ONE EMPLOYEE, DIRECTOR OF FINANCE, RECEIVED A $10,000 BONUS. 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 1831289 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 20 80814 FAIR VALUE X OUTINGS AND EVENTS 246 25525 FMV X HOME COOKED MEALS AND PARTIES 364 23387 FMV X TRAVEL PACKAGES 10 16600 FMV X MISCELLANEOUS RETAIL GIFT CERTIFICATES 47 10305 FMV X ARTS AND CRAFTS 22 9240 FMV X SPORTING EVENTS 27 6330 FMV X SERVICES AND LESSONS 14 5280 FMV X FOOD AND WINE 34 5113 FMV X CAMPS AND CLASSES 16 4354 FMV X HOUSEHOLD GOODS AND CLOTHING 17 2710 FMV X ART AND CULTURE TICKETS 14 2369 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 REPORTS 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 REPORT 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 MONTHS 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. OTHER COMPARATIVE DATA IS GATHERED FROM THE INDEPENDENT SCHOOL BUSINESS OFFICERS ASSOCIATION OF CALIFORNIA. THIS DATA IS LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. 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 THIS 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: UNRELATED BUSINESS INCOME 36,997. FORM 990, PART XII, LINE 2 (C) THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS. FORM 990, PART V, LINE 14 (B) THIS ORGANIZATION DOES NOT OFFER OR PROVIDE TANNING SERVICES.