2016-05-05T16:35:07-05:00 2015-06-30 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2014-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2016-05-04 1 MAGA E KISRIEV P01008919 4157810793 2014 2016-08-17 19:52:53Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 53211456 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 10TH. 29 29 243 290 0 0 14403992 15251075 21027252 25271990 368652 156365 675532 746807 36475428 41426237 1584785 1962227 0 0 11453058 14255474 0 0 625831 10663992 14913623 23701835 31131324 12773593 10294913 142957671 159464850 67789493 74284072 75168178 85180778 X OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 0 20041800 1962227 25271990 SEE SCHEDULE O. 20041800 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 142 0 1 243 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X TERRY LEE 6503504600 131 E 28TH AVENUE SAN MATEO CA 94403 BRUCE COZADD CO-CHAIR 1.00 X X 0 0 0 BONNIE FOUGHT CO-CHAIR 1.00 X X 0 0 0 JAMES ISAACS VICE CHAIR 1.00 X X 0 0 0 HOON CHO TREASURER 1.00 X X 0 0 0 KAREN PACE SECRETARY 1.00 X X 0 0 0 KAT ALFOND TRUSTEE 1.00 X 0 0 0 SUSAN BARNES TRUSTEE 1.00 X 0 0 0 DERRICK BOLTON TRUSTEE 1.00 X 0 0 0 KATHLEEN DONOHUE TRUSTEE 1.00 X 0 0 0 ROBERT FRANK TRUSTEE 1.00 X 0 0 0 ELDRIDGE GRAY TRUSTEE 1.00 X 0 0 0 LANDIS GREEN TRUSTEE 1.00 X 0 0 0 VERNON C GRIGG III TRUSTEE 1.00 X 0 0 0 ZACK HERLICK TRUSTEE 1.00 X 0 0 0 RICK HOLMSTROM TRUSTEE 1.00 X 0 0 0 KARLA JURVETSON TRUSTEE 1.00 X 0 0 0 JOE KRAUS TRUSTEE 1.00 X 0 0 0 SUSANNA LOEB TRUSTEE 1.00 X 0 0 0 FARZAD NAZEM TRUSTEE 1.00 X 0 0 0 CLAIRE PERRY TRUSTEE 1.00 X 0 0 0 KRISTINA PHIPPS TRUSTEE 1.00 X 0 0 0 GERALD RISK TRUSTEE 1.00 X 0 0 0 KR SRIDHAR TRUSTEE 1.00 X 0 0 0 MARC TARPENNING TRUSTEE 1.00 X 0 0 0 STEVE VASSALLO TRUSTEE 1.00 X 0 0 0 SOO VENKATESAN TRUSTEE 1.00 X 0 0 0 GRACE VOORHIS TRUSTEE 1.00 X 0 0 0 MARA WALLACE TRUSTEE 1.00 X 0 0 0 CHRIS WARDEN TRUSTEE 1.00 X 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 40.00 X 332004 0 52777 TERRY LEE ASSOCIATE HEAD OF SCHOOL 40.00 X 325137 0 16277 MARK SCHOEFFEL UPPER SCHOOL DIVISION HEAD 40.00 X 178177 0 42838 SHIRLEY DOXTAD DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 170194 0 17897 KIM SAXE INNOVATION LAB DIRECTOR 40.00 X 134260 0 16293 MATT BERMAN WEBSITE DIRECTOR/TEACHER 40.00 X 132888 0 16171 CORY COMBS DIR OF OUTREACH, MUSIC & ENRICHMENT 40.00 X 118391 0 11009 1391051 0 173262 14 0 1 0 DEVCON CONSTRUCTION INC 690 GIBRALTAR DRIVE MILPITAS CA 95035 CONSTRUCTION 22968013 FLIK PO BOX 50196 LOS ANGELES CA 90074 LUNCH PROGRAM & CATERING SERVICE 891652 CYO TRANSPORTATION 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94015 BUS TRANSPORTATION 738937 NETRONIX INTEGRATION 2170 PARAGON DRIVE SAN JOSE CA 95131 COMPUTER REPAIR AND MAINTENANCE 414361 LEDDY MAYTUM STACY ARCHITECTS 677 HARRISON STREET SAN FRANCISCO CA 94107 ARCHITECTURAL PROFESSIONAL SERVICES 370815 16 5109 318700 14927266 11123598 15251075 TUITION AND FEES 611699 21638230 21638230 OTHER PROGRAM SERVICE REVENUE 611710 2718200 2718200 SUMMER PROGRAM REVENUE 611710 915560 915560 25271990 219960 219960 11329582 11393177 -63595 -63595 -63595 1138849 318700 392042 746807 746807 41426237 25271990 0 903172 1962227 1962227 847000 847000 11011482 8778140 1898669 334673 2396992 1668302 660740 67950 27095 27095 67500 67500 16335 16335 2656137 1298604 1305298 52235 18652 1587 17065 305099 140020 142836 22243 1065637 1065637 904085 904085 9603 264 9339 468759 358126 99790 10843 1077492 1077492 2662605 2662605 214578 214578 INSTRUCTIONAL EXPENSE 1581078 1581078 CURRICULAR TRIP EXPENSE 1214510 1214510 STUDENT TRANSPORTATION 872926 872926 LUNCH PROGRAM 703990 703990 1047542 396389 513266 137887 31131324 20041800 10463693 625831 1077145 2608905 21893638 19249010 4470528 2365229 5134402 6820966 717882 534159 132217349 14540664 98743569 117676685 9453360 8787473 504859 484160 962288 938263 142957671 159464850 12095609 3922270 21018503 25126798 32253421 40000000 2421960 5235004 67789493 74284072 X 32179890 34037622 34698784 42848552 8289504 8294604 75168178 85180778 142957671 159464850 10294913 -282313 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9702881 5100 -132082 553820 9022079 8860058 1378014 535191 9702881 8677289 16838 676980 511049 8860058 8930736 344684 -138642 459489 8677289 7330538 426504 1541629 367935 8930736 0.00000 0.91940 0.08060 0 0 23074513 23074513 101158504 11043740 90114764 5943891 3496924 2446967 2040441 2040441 117676685 X 39181697 -282313 -282313 39464010 1962227 1962227 41426237 29169097 0 29169097 1962227 1962227 31131324 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. THE SCHOOL'S SPENDING POLICY ALLOWS FOR ANNUAL TRANSFERS UP TO 7% OF THE PORTFOLIO VALUE, WHERE THE PORTFOLIO VALUE IS DETERMINED BASED ON AN AVERAGE OF THE PRECEDING 12 QUARTER PORTFOLIO MARKET VALUES AT THE END OF EACH PERIOD. THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT THE RATE OF INFLATION OVER THE ENDOWMENT'S INVESTMENT HORIZON. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 1,962,227. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 1,962,227. 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 FOLLOWING STATEMENT IS USED IN ALL PUBLICATIONS AND ON THE SCHOOL'S WEBSITE: "THE NUEVA SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, GENDER, SEXUAL ORIENTATION, OR NATIONAL OR ETHNIC ORIGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL AND DOES NOT DISCRIMINATE ON THE BASIS OF THESE FACTORS IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AWARD PROGRAMS, OR ATHLETIC AND OTHER SCHOOL PROGRAMS." SOUTH AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 335869 CENTRAL AMERICA 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 238040 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 159089 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 84402 0 0 0 0 0 0 817400 0 817400 0 0 0 0 0 0 THE NUEVA BENEFIT AUCTION 1457549 318700 1138849 19149 188042 184851 1457549 318700 1138849 19149 188042 184851 392042 746807 1 SCHOLARSHIPS 90 1962227 PART I, LINE 2: INDIVIDUAL AMOUNTS ARE DETERMINED BY HEAD OF SCHOOL, ASSOCIATE HEAD OF SCHOOL, DIRECTOR OF FINANCE, AND DIRECTOR OF ADMISSIONS. TOTAL BUDGET AMOUNT IS APPROVED BY BOARD. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 332004 0 0 0 0 0 13000 0 39777 0 384781 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL 280125 0 20000 0 25012 0 6500 0 9777 0 341414 0 0 0 MARK SCHOEFFEL UPPER SCHOOL DIVISION HEAD 178177 0 0 0 0 0 4363 0 38475 0 221015 0 0 0 SHIRLEY DOXTAD DIRECTOR OF FINANCE & ADMINISTRATION 160194 0 10000 0 0 0 8172 0 9725 0 188091 0 0 0 KIM SAXE INNOVATION LAB DIRECTOR 134260 0 0 0 0 0 6660 0 9633 0 150553 0 0 0 PART I, LINE 1A DIANE ROSENBERG IS REQUIRED TO LIVE IN SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION. MARK SCHOEFFEL IS REQUIRED TO LIVE IN SCHOOL-LEASED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000, WHICH WAS NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B TERRY LEE RECEIVED $25,012 SECTION 457(F) RETIREMENT PLAN DISTRIBUTIONS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 000000000 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 196900 39803100 2014 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 A 1 38170 REMISSION TUITION 30460 FIN AWARD TUITION X 57 10915042 FAIR MARKET VALUE X MISCELLANEOUS 272 92899 FAIR MARKET VALUE X EVENTS 14 41460 FAIR MARKET VALUE X TRIP / TOUR 17 39990 FAIR MARKET VALUE X TICKETS 6 18228 FAIR MARKET VALUE X BRACELET AND RING 1 7600 FAIR MARKET VALUE X GIFT CERTIFICATE 5 5535 FAIR MARKET VALUE X WINE / FOOD 5 2844 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS THE NUEVA SCHOOL, AN INTERNATIONALLY-RECOGNIZED, AWARD-WINNING, NON-PROFIT, INDEPENDENT DAY SCHOOL SERVING STUDENTS PK-11 EXPANDING TO PK-12, HAS SERVED GIFTED AND TALENTED STUDENTS SINCE 1967. NUEVA IS A STUDENT-CENTERED SCHOOL KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, CONSTRUCTIVIST PROJECT-BASED EXPERIENTIAL LEARNING, AND ITS PIONEERING WORK IN SOCIAL EMOTIONAL LEARNING AND DESIGN THINKING. THE SCHOOL ALSO OFFERS SPECIALIST TEACHERS AND COACHES IN NUMEROUS OTHER CORE AND ELECTIVE AREAS INCLUDING STEM, HUMANITIES, WRITING, THE ARTS, ATHLETICS, ENTREPRENEURSHIP, AND PROGRAMMING, TO NAME BUT A FEW. THE SCHOOL HAS BEEN RECOGNIZED AS A WINNER OF THE US DEPARTMENT OF EDUCATION NATIONAL BLUE RIBBON AWARD, RECOGNIZED AS AN APPLE DISTINGUISHED PROGRAM, APPOINTED AN ASHOKA CHANGEMAKER SCHOOL, AND WAS HIGHLIGHTED BY THE PULITZER PRIZE-WINNING AND NEW YORK TIMES BEST-SELLING AUTHOR THOMAS FRIEDMAN IN HIS BOOK "THAT USED TO BE US" IN THE CHAPTER "AVERAGE IS OVER". FORM 990, PART VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR, THE ASSOCIATE HEAD OF SCHOOL, AND THE HEAD OF SCHOOL FOR THEIR REVIEW. THE ASSOCIATE HEAD OF SCHOOL THEN FORWARDED THE FORM 990 TO THE FINANCE COMMITTEE CO-CHAIRS, BOARD EXECUTIVE COMMITTEE FOR THEIR FINAL REVIEW. BOARD MEMBERS WERE PROVIDED THE PUBLIC DISCLOSURE COPY DUE TO SENSITIVITY AROUND DONOR INFORMATION, AND WERE ENCOURAGED TO FORWARD THEIR QUESTIONS TO THE ASSOCIATE HEAD OF SCHOOL/TREASURER/FINANCE DIRECTOR. EITHER THE ASSOCIATE HEAD OF SCHOOL/TREASURER/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD PRIOR TO THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, HEAD OF SCHOOL, OFFICERS AND ALL EMPLOYEES OF THE SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE HEAD OF SCHOOL AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE HEAD OF SCHOOL AND THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR THE HEAD OF SCHOOL AND ASSOCIATE HEAD OF SCHOOL. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).