2016-05-13T12:17:21-05:00 2015-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 BILL SILVER CFO/BUSINESS MANAGER 6503302000 2016-05-11 1 CHRISTINA HO P01234239 4155436900 2014 2016-08-17 19:52:53Z THAN HEALY 50 VALPARAISO AVENUE ATHERTON CA 94027 43277869 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 28 28 389 1058 4776 3776 10031470 7937191 30146425 31493500 147175 136829 2191767 2155027 42516837 41722547 4613266 4635625 0 0 22388391 23878729 0 0 1475896 14983407 14693831 41985064 43208185 531773 -1485638 207603947 212321134 43079748 46187994 164524199 166133140 MENLO SCHOOL'S MISSION IS TO EMPOWER STUDENTS TO EXPLORE AND EXPAND THEIR INTERESTS, REACH THEIR FULLEST POTENTIAL, DEVELOP THE SKILLS NECESSARY FOR SUCCESS IN COLLEGE, AND BECOME ETHICAL, RESPONSIBLE, AND ENGAGED MEMBERS OF EVER WIDER COMMUNITIES. 0 0 39634600 4635625 33761125 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 795 STUDENTS. 39634600 1 1 0 0 0 0 0 0 0 1 1 1 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 1 0 1 0 0 0 0 1 0 0 0 1 156 0 1 389 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 1 1 0 CA X BILL SILVER CFOBUSINESS MANAGER 6503302001 50 VALPARAISO AVENUE ATHERTON CA 94027 RYAN ENRIGHT TRUSTEE 2.00 X 0 0 0 LARRY FRYE BOARD CHAIR 2.00 X X 0 0 0 NICOLE RUBIN VICE CHAIR 2.00 X X 0 0 0 LAURA CHAN TRUSTEE 2.00 X 0 0 0 BEN BISCONTI TRUSTEE 2.00 X 0 0 0 ROB CHANDRA TRUSTEE 2.00 X 0 0 0 CHRIS DRESSEL TRUSTEE 2.00 X 0 0 0 ELIZABETH DUMANIAN TRUSTEE 2.00 X 0 0 0 JENNIFER AYER TRUSTEE 2.00 X 0 0 0 MARIA FRANTZ TRUSTEE 2.00 X 0 0 0 EARL FRY TRUSTEE 2.00 X 0 0 0 ALICIA HAMMARSKJOLD TRUSTEE 2.00 X 0 0 0 GREG JOHNSON TRUSTEE 2.00 X 0 0 0 ROBERT KELLER TRUSTEE 2.00 X 0 0 0 PURVI KUNWAR TRUSTEE 2.00 X 0 0 0 DEBBIE ROBBINS TRUSTEE 2.00 X 0 0 0 JILL PARKER TRUSTEE 2.00 X 0 0 0 GARY PINKUS TRUSTEE 2.00 X 0 0 0 GEOFFREY YANG TRUSTEE 2.00 X 0 0 0 SERRA SIMBECK TRUSTEE 2.00 X 0 0 0 BRAD SMITH TRUSTEE 2.00 X 0 0 0 MARK STEVENS TRUSTEE 2.00 X 0 0 0 DENNIS WONG TRUSTEE 2.00 X 0 0 0 BRENDA WOODSON TRUSTEE 2.00 X 0 0 0 STEVE YOUNG TRUSTEE 2.00 X 0 0 0 JOHN ZEISLER TRUSTEE 2.00 X 0 0 0 MARK GATES TRUSTEE 2.00 X 0 0 0 GREG GOLUB TRUSTEE 2.00 X 0 0 0 THAN HEALY HEAD OF SCHOOL 40.00 X 384402 0 64079 JULIE JOHNSON ASSIST. TO HEAD OF SCHOOL/BOARD SECRETARY 40.00 X 77535 0 23692 BILL SILVER CFO/BUSINESS MANAGER 40.00 X 225496 0 28318 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 40.00 X 195639 0 41133 MICHAEL THIBODEAUX UPPER SCHOOL FACULTY 40.00 X 152279 0 29490 VIDYA KAGAN DIRECTOR OF DATA MANAGEMENT & RESEARCH 40.00 X 162073 0 31004 TONY LAPOLLA DEAN OF STUDENTS 40.00 X 170713 0 39296 DAVID MCADOO DIR OF OPERAT'NS/CONSTRUCTION/FACILITIES 40.00 X 159131 0 30563 ERIC SPROSS DIRECTOR OF TECHNOLOGY 40.00 X 157834 0 27218 1685102 0 314793 53 0 1 0 GUARDSMARK LLC FILE 6498 LOS ANGELES CA 90074 SECURITY 338372 BAY AREA GRAPHICS LLC 1181 CHESS DR SUITE H FOSTER CITY CA 94404 DESIGN/PRINTING 232828 ARTISTLED 210 W 78TH ST 6B NEW YORK NY 10024 ARTISTIC/MUSICAL 218383 KEVIN HART ARCHITECTURE 1248-5TH AVE SAN FRANCISCO CA 94122 ARCHITECTURE 213870 MARTS & LUNDY 1200 WALL ST WEST 5TH FLOOR LYNDHURST NJ 07071 CONSULTING 128504 5 931652 7005539 1284796 7937191 STUDENT TUITION 611600 31493500 31493500 31493500 141585 -19706 161291 2190 0 2190 2190 2190 1284082 1284082 4756 0 -4756 -4756 -4756 32160 931652 201176 -169016 -169016 95054 65308 29746 29746 OTHER 611600 1210947 1210947 MUSIC@MENLO 611600 520133 495651 24482 CHILD CARE REVENUE 624410 231088 231088 329939 329939 2292107 41722547 33761125 4776 19455 4635625 4635625 1063873 623824 349164 90885 17715232 16790475 348479 576278 1875926 1767786 44214 63926 1916936 1834832 34949 47155 1306762 1193206 67700 45856 101600 30280 71320 105780 105780 2483388 2125823 105173 252392 41706 35370 1437 4899 1798279 1644728 54429 99122 70216 33418 36798 793069 787819 5250 493940 481371 12569 358465 166 358299 3764262 3499401 132613 132248 334685 30393 304292 MUSIC@MENLO 2139912 2139912 SUPPLIES 513173 478428 25756 8989 BUS PROGRAM SERVICES 413302 413302 ENTRANCE FEES 310067 309457 610 971987 778984 51426 141577 43208185 39634600 2097689 1475896 6367555 6211401 39524631 42394611 9292395 7779830 1701001 1191650 106650 813250 973500 70030 67110 484051 542548 148604579 42138340 104256802 106466239 2464803 2593427 41464373 42964149 238892 226316 819514 910353 207603947 212321134 3949490 4900296 20685465 22985126 15000000 15000000 3200000 3200000 244793 102572 43079748 46187994 X 128680066 131299824 19718544 18244862 16125589 16588454 164524199 166133140 207603947 212321134 X -1485638 2874873 219706 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 43124000 649000 2369000 1814000 44328000 37002000 2386000 4955000 1219000 43124000 35434000 546000 2253000 1231000 37002000 33524000 2205000 533000 828000 35434000 29079000 239000 5563000 1357000 33524000 0.42000 0.37000 0.21000 0 0 32700000 32700000 98745051 27712323 71032728 4866365 4065422 800943 4726637 4474445 252192 7566526 5886150 1680376 106466239 LIMITED PARTNERSHIP INTERESTS 42964149 F 42964149 SWAP AGREEMENT PAYABLE 102572 102572 X 40213000 2732652 -4327213 -1594561 41807561 -85014 -85014 41722547 38604000 -200000 64618 -135382 38739382 4468803 4468803 43208185 PART V, LINE 4: THE SCHOOL INTENDS TO HOLD ITS ENDOWMENT FUND FOR THE LONG TERM AND USE THE EARNINGS TO SUPPORT ITS PROGRAMS. PART X, LINE 2: 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 ENTERPRISE 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. THIS STANDARD ALSO REQUIRES ORGANIZATIONS TO DISCLOSE ADDITIONAL QUANTITATIVE AND QUALITATIVE INFORMATION IN THEIR FINANCIAL STATEMENTS ABOUT UNCERTAIN TAX POSITIONS. 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 2014 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 2D - OTHER ADJUSTMENTS: PARENTS ASSOCIATION EXPENSES -76,120. UNREALIZED GAIN ON SWAP 142,221. FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) -4,392,683. ROUNDING -631. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -65,308. UNRELATED BUSINESS INCOME -19,706. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 65,308. ROUNDING -690. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) 4,392,683. PARENTS ASSOCIATION EXPENSE 76,120. 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 RACIAL NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 20, 2015. THE POLICY IS ALSO STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. ONLINE AUCTION 963812 931652 32160 79971 8500 112705 963812 931652 32160 79971 8500 112705 201176 -169016 1 FINANCIAL AID 146 4392683 COLLEGE TUITION GRANT 13 242942 PART I, LINE 2: FINANCIAL AID: THESE ARE ALL FINANCIAL AID AWARDS, AND THE AWARDS ARE APPLIED DIRECTLY BY THE SCHOOL TO THE RECIPIENTS' TUITION BALANCE. THERE IS NO POSSIBILITY THAT THE AWARD COULD BE MISAPPLIED. COLLEGE TUITION GRANT: COLLEGE OPPORTUNITY FUND SCHOLARSHIPS ARE SENT DIRECTLY TO THE UNIVERSITY'S FINANCIAL AID OFFICE WITH A LETTER INDICATING THE STUDENT'S NAME AND STUDENT ID NUMBER. THE LETTER STATES THAT THE FUNDS ARE TO BE USED FOR ANY TUITION AND FEES INCURRED BY THE STUDENT AS A RESULT OF ENROLLMENT, AND SHOULD THE STUDENT WITHDRAW FROM THE INSTITUTION THE UNUSED SCHOLARSHIP FUNDS ARE TO BE RETURNED TO MENLO SCHOOL. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 THAN HEALY HEAD OF SCHOOL 384402 0 0 0 0 0 31200 0 32879 0 448481 0 0 0 BILL SILVER CFO/BUSINESS MANAGER 225496 0 0 0 0 0 26688 0 1630 0 253814 0 0 0 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 195516 0 123 0 0 0 23597 0 17536 0 236772 0 0 0 MICHAEL THIBODEAUX UPPER SCHOOL FACULTY 152105 0 174 0 0 0 18629 0 10861 0 181769 0 0 0 VIDYA KAGAN DIRECTOR OF DATA MANAGEMENT & RESEAR 162073 0 0 0 0 0 20048 0 10956 0 193077 0 0 0 TONY LAPOLLA DEAN OF STUDENTS 170506 0 207 0 0 0 17415 0 21881 0 210009 0 0 0 DAVID MCADOO DIR OF OPERAT'NS/CONSTRUCTION/FACILI 159131 0 0 0 0 0 19592 0 10971 0 189694 0 0 0 ERIC SPROSS DIRECTOR OF TECHNOLOGY 157629 0 205 0 0 0 18973 0 8245 0 185052 0 0 0 PART I, LINE 1A JOHN SCHAFER (DIRECTOR OF UPPER SCHOOL), TONY LAPOLLA (DEAN OF STUDENTS) RECEIVED HOUSING ALLOWANCES WHICH ARE INCLUDED IN THEIR W-2 WAGES. THAN HEALY (HEAD OF SCHOOL) RESIDES AT THE HEAD OF SCHOOL HOUSE, OWNED BY THE SCHOOL. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CFH8 2003-11-20 15000000 ASSIST IN FINANCING CONSTRUCTION 0 0 0 A 15000000 377216 14622784 2004 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN 2005. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN CONSTRUCTION OF CERTAIN FACILITIES ON THEIR CAMPUS. DEBORHA BLAKE SPOUSE OF THAN HEALY, HEAD OF SCHOOL. 29000 EVENTS MANAGEMENT 0 X 63 1008433 FMV X DONATED AUCTION ITEMS 100 276363 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE LEADERSHIP COMMITTEE OF THE BOARD OF TRUSTEES REQUESTS NOMINATIONS FOR TRUSTEES FROM THE SCHOOL COMMUNITY. THE NOMINEES ARE VETTED BY THE LEADERSHIP COMMITTEE AND PROPOSED TO THE BOARD. THE BOARD DISCUSSES AND SELECTS NEW TRUSTEES IN EXECUTIVE SESSION. NEW TRUSTEES ARE ANNOUNCED AT THE FINAL BOARD MEETING OF THE YEAR. ONLY TRUSTEES ELECT NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY CERTIFIED PUBLIC ACCOUNTANTS, LAUTZE & LAUTZE. IT IS REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO/BUSINESS MANAGER SIGNS ALL CHECKS AND KNOWS THE VENDORS WE DO BUSINESS WITH. HE KNOWS WHO OUR BOARD MEMBERS ARE AND IS ALWAYS MINDFUL AND AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE WERE ANY RELATIONSHIPS BETWEEN BOARD MEMBERS AND VENDORS, WE WOULD GO THROUGH THE PROCESS OF ENSURING THAT ALL TRANSACTIONS WERE AT ARM'S LENGTH. WE HAVE STRENUOUSLY ENDEAVORED TO BE SURE THAT THERE ARE NO CONFLICTS AND MONITOR OUR ACCOUNTS PAYABLE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR HEAD OF SCHOOL AND CFO/BUSINESS MANAGER IS APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE IN THE BOARD SECRETARY'S OFFICE. FINANCIAL STATEMENTS ARE IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN ALLOWANCE FOR DOUBTFUL NOTES RECEIVABLE 200,000. UNRELATED BUSINESS INCOME 19,706. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MENLO SCHOOL AND MENLO COLLEGE C/O MENLO SCHOOL 50 VALPARAISO AVEN ATHERTON CA 94027 941156656 SUPPORT ACTIVITIES OF ITS AFFILIATED ORGANIZATIONS, MENLO SCHOOL AND COLLEGE CA 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0