2016-05-12T19:31:24-05:00 2015-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2014-07-01 940338330 THE BRANSON SCHOOL BRAN 4154543612 PO BOX 887 ROSS CA 94957 EDWARD B PINGER CFO 4154543612 2016-05-12 1 JOHN PANETTA P00365375 9257902600 2014 2016-08-17 19:52:53Z GREG SWART PO BOX 887 ROSS CA 94957 19969832 0 X WWW.BRANSON.ORG X 1926 CA TO PROVIDE A QUALITY EDUCATION TO STUDENTS GRADES 9 THROUGH 12. 22 22 143 100 4264 0 2902954 2730648 13177597 13624535 2655087 1894844 130212 182694 18865850 18432721 2034253 2237571 0 0 9170576 9907014 0 0 1130217 6433757 7399234 17638586 19543819 1227264 -1111098 73540032 71998569 32548378 32907462 40991654 39091107 TO PROVIDE AN ACADEMICALLY EXCEPTIONAL EDUCATION TO STUDENTS GRADE 9 THROUGH 12 IN A WARM, SUPPORTIVE, AND NURTURING ENVIRONMENT. 0 0 13793304 2237571 13624535 THE BRANSON SCHOOL MAINTAINS AND CONDUCTS A SECONDARY SCHOOL FOR GIRLS AND BOYS IN WHICH THEY ARE PROVIDED WITH SUCH INSTRUCTION AND EDUCATION THAT SHALL BE ADEQUATE FOR THE PREPARATION OF STUDENTS FOR ADMISSION TO UNIVERSITIES AND COLLEGES OF THE HIGHEST ATTAINMENT. THE BRANSON SCHOOL ENCOURAGES STUDENTS TO THINK CRITICALLY, COMMUNICATE CLEARLY, DEVELOP THEIR INDIVIDUAL TALENTS AND INTERESTS, AND PURSUE A LIFE-LONG PASSION FOR LEARNING. 13793304 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 77 0 1 143 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X EDWARD B PINGER CFO & ASST HEAD OF SCHOOL FOR STRATEGIC INITIATIVES 4154557163 39 FERNHILL AVENUE ROSS CA 94957 MARLENE BATES TRUSTEE-TREASURER 2.00 X X 0 0 0 BEN BODIPO-MEMBA TRUSTEE 2.00 X 0 0 0 STACEY CASE TRUSTEE 2.00 X 0 0 0 MICHELLE DOUGLAS TRUSTEE 2.00 X X 0 0 0 KATE DUHAMEL TRUSTEE 2.00 X 0 0 0 MAUREEN FAN TRUSTEE 2.00 X 0 0 0 SETH FERGUSON TRUSTEE 2.00 X 0 0 0 JULIE FLYNN TRUSTEE 2.00 X 0 0 0 JAMIE BURNES TRUSTEE 2.00 X 0 0 0 DAVID GRASSO TRUSTEE 2.00 X 0 0 0 DAMON KERBY TRUSTEE 2.00 X 0 0 0 LAUREN LAMM TRUSTEE-SECRETARY 2.00 X X 0 0 0 ELSA LEUNG TRUSTEE 2.00 X 0 0 0 DAVID LIU TRUSTEE 2.00 X 0 0 0 KEVIN LOUIE TRUSTEE 2.00 X 0 0 0 DAVID GOLDEN TRUSTEE 2.00 X 0 0 0 AVID MODJTABAI TRUSTEE 2.00 X 0 0 0 KATE MOORE TRUSTEE 2.00 X 0 0 0 BRUCE RAABE TRUSTEE 2.00 X 0 0 0 JANI ROSS TRUSTEE 2.00 X 0 0 0 SEMI SALMI TRUSTEE 2.00 X 0 0 0 MARY SAUER TRUSTEE 2.00 X 0 0 0 GREG SWART TRUSTEE-BOARD CHAIR 2.00 X X 0 0 0 KAREEM WEAVER TRUSTEE 2.00 X 0 0 0 ELLYN WEISEL TRUSTEE 2.00 X 0 0 0 THOMAS PRICE II HEAD OF SCHOOL 40.00 X 352540 0 93141 RICHARD MCLAUGHLIN BUSINESS MANAGER 40.00 X 125013 0 31320 PHILIP GUITERREZ ASSISTANT HEAD OF SCHOOL FOR EXTERNAL AFFAIRS 40.00 X 165416 0 33126 KAREN WHITAKER ASSISTANT HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 40.00 X 153198 0 24399 ANNIE TSANG DIRECTOR OF ADMISSION 40.00 X 141672 0 16815 DENNIS SHANNON HISTORY TEACHER 40.00 X 138661 0 9885 MEREDITH HERRERA COLLEGE COUNSELOR 40.00 X 135267 0 12093 1211767 0 220779 24 0 1 0 EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 FOOD SERVICE 278641 SHEPPARD MULLIN RICHTER & HAMPTON 333 SOUTH HOPE STREET 43RD FLOOR LOS ANGELES CA 900711422 LAW 262440 CYO TRANSPORTATION SERVICES 699 SERRAMONTE BLVD 210 DALY CITY CA 94015 BUS SERVICE 222820 MARK CAVAGNERO ASSOCIATES 1045 SANSOME STREET SUITE 200 SAN FRANCISCO CA 94111 ARCHITECT 172028 PEAK BUILDING SERVICES 845 OLIVE AVENUE SUITE 211 NOVATO CA 94945 CUSTODIAL SERVICES 163013 5 418054 2312594 223390 2730648 TUITION AND FEES 611600 12941331 12941331 AUXILLARY SERVICES 611600 487554 487554 SUMMER PROGRAMS 611600 177786 177786 OTHER PROGRAM REVENUE 611600 17864 17864 13624535 936350 4264 932086 224983 51332 173651 173651 173651 2334478 1375984 958494 958494 958494 118838 418054 109795 9043 9043 18432721 13624535 4264 2073274 2237571 2237571 686664 126833 432998 126833 7352492 5280486 1508605 563401 424924 305014 79764 40146 896550 654341 178245 63964 546384 403957 103168 39259 79239 79239 48593 48593 1668311 753015 756043 159253 45104 16620 28484 341479 284244 54465 2770 328996 263197 65799 1566607 1033094 492977 40536 63299 38924 20959 3416 145447 91018 49010 5419 1165523 873228 258032 34263 62593 62593 DEBT SERVICE COSTS 945939 851345 94594 OTHER EXPENSES 449934 108867 318594 22473 ATHLETIC PROGRAM 397680 397680 TUITION REDUCTION GRANT 90490 90490 19543819 13793304 4620298 1130217 1815 2099 9297820 9868157 109199 226315 141683 160802 130356 96724 40098946 18203899 22918609 21895047 36957411 36552544 3093729 2464554 889410 732327 73540032 71998569 971861 1240187 6621939 7177233 22400000 22200000 2554578 2290042 32548378 32907462 X 2429752 969416 23902324 23325183 14659578 14796508 40991654 39091107 73540032 71998569 X -1111098 -1081800 292351 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22305739 136930 433348 775764 22100253 19412704 217781 3394771 719517 22305739 17955276 56585 2077834 676991 19412704 17626932 1213410 -276358 608708 17955276 14140987 515935 3246394 276384 17626932 0.03610 0.66950 0.29440 0 0 1333389 1333389 34739711 15056923 19682788 3892002 3146976 745026 133844 133844 21895047 INTEREST RATE SWAP 2290042 2290042 X 15566828 -1081800 -1784094 -2865894 18432722 0 18432722 17467375 161127 161127 17306248 2237571 2237571 19543819 PART V, LINE 4: THE BRANSON SCHOOL ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT THE GENERAL OPERATIONS OF THE SCHOOL, INCLUDING FINANCIAL AID SUPPORT. PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2015, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED IN REVENUE 109,795. RENTAL EXPENSES INCLUDED IN REVENUE 51,332. GAIN ON INTEREST RATE SWAPS INCLUDED IN REVENUE 264,536. TUITION ASSISTANCE/SCHOLARSHIPS -2,237,571. CAPITAL CAMPAIGN GAIN 27,814. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED IN REVENUE 109,795. RENTAL EXPENSES INCLUDED IN REVENUE 51,332. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE/SCHOLARSHIPS 2,237,571. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALONG WITH OTHER SCHOOLS, THE BRANSON SCHOOL HAS PUBLICIZED ITS NON-DISCRIMINATION POLICY IN THE SAN FRANCISCO CHRONICLE UNDER "PUBLIC NOTICES (NON-GOVERNMENT)". BRANSON CONNECTED 536892 418054 118838 43885 42955 22955 536892 418054 118838 43885 42955 22955 109795 9043 1 TUITION ASSISTANCE 84 2237571 PART I, LINE 2: FINANCIAL AID IS AVAILABLE EXCLUSIVELY FOR STUDENTS ENROLLED AT THE BRANSON SCHOOL. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 THOMAS PRICE II HEAD OF SCHOOL 294043 0 0 0 58497 0 16855 0 76286 0 445681 0 0 0 RICHARD MCLAUGHLIN BUSINESS MANAGER 124856 0 0 0 157 0 12248 0 19072 0 156333 0 0 0 PHILIP GUITERREZ ASSISTANT HEAD OF SCHOOL FOR EXTERNA 160274 0 5000 0 142 0 13989 0 19137 0 198542 0 0 0 KAREN WHITAKER ASSISTANT HEAD OF SCHOOL FOR ACADEMI 147878 0 5000 0 320 0 11281 0 13118 0 177597 0 0 0 ANNIE TSANG DIRECTOR OF ADMISSION 141572 0 0 0 100 0 7109 0 9706 0 158487 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES ON-CAMPUS HOUSING TO THE HEAD OF SCHOOL. THE VALUE OF THIS BENEFIT HAS BEEN INCLUDED IN PART VII OF FORM 990 AND SCHEDULE J IN THE NON-TAXABLE BENEFITS. THE SCHOOL CONTINUES TO TAKE THE POSITION THAT THE FACTS SUPPORT EXCLUSION FROM TAXABLE INCOME. THE HEAD OF SCHOOL'S CONTRACT INCLUDES A CLEANING STIPEND FOR THE RESIDENCE THAT THE SCHOOL PROVIDES HIM. THE CONTRACT INDICATES THAT BECAUSE THE HEAD OF SCHOOL WILL BE REQUIRED TO PERIODICALLY USE THIS RESIDENCE TO HOST SCHOOL FUNCTIONS/EVENTS, THE SCHOOL WILL PAY A CLEANING SERVICE TO KEEP THE HOUSE CLEAN. THIS AMOUNT PAID DIRECTLY TO A CLEANING SERVICE IS NOT REFLECTED AS TAXABLE INCOME ON THE HEAD OF SCHOOL'S W-2. THE HEAD OF SCHOOL RECEIVES THE FOLLOWING TAXABLE BENEFITS THAT ARE REPORTED AS TAXABLE INCOME ON HIS FORM W-2: TUITION ASSISTANCE FOR HIS CHILD AND AN AUTO ALLOWANCE. FOR 2014, THESE BENEFITS WERE "GROSSED UP" SO THAT THE NET AMOUNT AVAILABLE AFTER TAXES WAS EQUAL TO THE COST OF THE BENEFIT. PART I, LINE 4B THOMAS W. PRICE, HEAD OF SCHOOL, RECEIVED $4,800 OF EMPLOYER CONTRIBUTIONS TO A 457(B) PLAN. A ABAG FINANCE AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS SERIES 2008 943130123 00037CNF3 2008-08-01 22500000 CONSTRUCTION & ACQUISITION OF EDUCATIONAL FACILITIES 0 0 0 A 300000 23008990 353203 22655787 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 1 NORTHERN TRUST 10.000000000000 0 0 1 AEGON INSTITUTIONAL MARKETS 18.000000000000 1 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ABAG FINANCE AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS SERI DATE THE REBATE COMPUTATION WAS PERFORMED: 08/07/2013 X 19 223390 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE ENTIRE GOVERNING BOARD WAS PROVIDED A COPY OF FORM 990 PRIOR TO FILING THAT INCLUDED ALL SCHEDULES. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED TO SIGN THE CONFLICT OF INTEREST POLICY AT THE START OF EACH SCHOOL YEAR. THE DISCLOSURE STATEMENTS ARE RETURNED TO THE SECRETARY OF THE BOARD OF TRUSTEES AND ANY ISSUES ARE DISCUSSED AT THE BOARD LEVEL. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION PACKAGE IS DETERMINED EXCLUSIVELY BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS FORM 990S FILED BY COMPARABLE SCHOOLS. A WRITTEN EMPLOYMENT CONTRACT IS SIGNED BY THE BOARD PRESIDENT AND THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS RESPONSIBLE FOR DETERMINING COMPENSATION AND BENEFITS FOR KEY EMPLOYEES OF THE SCHOOL. A SURVEY OF COMPENSATION AND BENEFITS CONDUCTED BY ISBOA, AND ORGANIZATION OF SCHOOLS IN THE BAY AREA, IS USED AS A BENCHMARK. FORM 990, PART VI, SECTION C, LINE 19 PURSUANT TO THE APPLICABLE TREASURY REGULATIONS, COPIES OF THE THREE MOST RECENTLY FILED FORMS 990 AND 990-T AND THE ORGANIZATION'S EXEMPTION APPLICATION ARE AVAILABLE UPON REQUEST. ANY DOCUMENTS NOT LEGALLY REQUIRED TO BE DISCLOSED, MAY BE DISCLOSED BY THE SCHOOL ON A CASE-BY-CASE BASIS. FORM 990, PART XI, LINE 9: CAPITAL CAMPAIGN REVENUE 27,815. GAIN ON INTEREST RATE SWAP 264,536. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.