2015-02-11T19:05:49-06:00 2014-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834600 990 2013-07-01 951696720 FRANCIS PARKER SCHOOL FRAN 8585697900 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 KEVIN YALEY HEAD OF SCHOOL 8585697900 2015-02-10 1 LYNN HENLEY P00356034 9257902600 2013 2016-03-07 17:11:31Z KEVIN YALEY 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 38760485 0 X WWW.FRANCISPARKER.ORG X 1912 CA TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS FROM JR. KINDERGARTEN THROUGH GRADE 12. 28 27 475 275 0 0 3442565 5820372 31222732 32127070 3396697 438289 121370 374754 38183364 38760485 3561591 3756455 0 0 19742614 19999727 0 0 1035240 11735888 10797701 35040093 34553883 3143271 4206602 108252107 110045402 70046937 64812160 38205170 45233242 TO CREATE AND INSPIRE A DIVERSE COMMUNITY OF INDEPENDENT THINKERS WHOSE ACADEMIC EXCELLENCE, GLOBAL PERSPECTIVE, AND STRENGTH OF CHARACTER PREPARE THEM TO MAKE A MEANINGFUL DIFFERENCE IN THE WORLD. 0 0 29445564 3756455 32127070 FRANCIS PARKER SCHOOL IS COMMITTED TO GRADUATING STUDENTS WHO EMBODY THOSE QUALITIES ESSENTIAL FOR ACADEMIC SUCCESS AND PERSONAL FULFILLMENT - INTELLECTUAL CURIOSITY, CREATIVE THINKING, PASSION FOR LEARNING, ETHICAL RESPONSIBILITY, SELF-RELIANCE, COMMUNITY ENGAGEMENT, AND GLOBAL COMPETENCE - BY OFFERING A BALANCED, CHALLENGING AND INTEGRATED K-12 EDUCATIONAL PROGRAM IN ACADEMICS, ATHLETICS, AND THE ARTS, ALL IN A VIBRANT AND DIVERSE SCHOOL COMMUNITY. 29445564 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 64 0 475 1 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X FRANCIS PARKER SCHOOL 8585697900 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 WILLIAM JONES CHAIR 1.00 X 0 0 0 TOM BANCROFT TRUSTEE 1.00 X 0 0 0 SHELLEY BENOIT TRUSTEE AND SECRETARY 1.00 X X 0 0 0 DEE ANNE CANEPA TRUSTEE 1.00 X 0 0 0 ANDREW CLARK TRUSTEE 1.00 X 0 0 0 KURT EVE TRUSTEE 1.00 X 0 0 0 SUSAN DAVEY TRUSTEE 1.00 X 0 0 0 SUSAN HANSEN FOX TRUSTEE 1.00 X 0 0 0 DAVID GAMBOA TRUSTEE 1.00 X 0 0 0 ROBERT GLEASON TRUSTEE 1.00 X 0 0 0 SHAKHA GILLIN TRUSTEE 1.00 X 0 0 0 MARIA HEREDIA TRUSTEE 1.00 X 0 0 0 JULIA INGRAM TRUSTEE 1.00 X 0 0 0 CRAIG IRVING TRUSTEE 1.00 X 0 0 0 RANDY JONES TRUSTEE 1.00 X 0 0 0 SUSAN LESTER TRUSTEE 1.00 X 0 0 0 KELLY PRICE NOBLE TRUSTEE 1.00 X 0 0 0 MICHAEL O'HALLORAN TRUSTEE 1.00 X 0 0 0 KATHY PURDON TRUSTEE 1.00 X 0 0 0 JEFF SILBERMAN TRUSTEE 1.00 X 0 0 0 HAM SOUTHWORTH TRUSTEE 1.00 X 0 0 0 WARREN SPIEKER TRUSTEE 1.00 X 0 0 0 JAN STEINERT TRUSTEE 1.00 X 0 0 0 TED TCHANG TRUSTEE 1.00 X 0 0 0 STEVE TOMLIN TRUSTEE 1.00 X 0 0 0 JEFFREY VON BEHREN TRUSTEE 1.00 X 0 0 0 SARAH WHITE TRUSTEE 1.00 X 0 0 0 KEVIN YALEY HEAD OF SCHOOL 40.00 X X 370267 0 25122 MICHAEL RINEHART HEAD OF FINANCE & OPS 40.00 X 185397 0 16486 ROBERT GILLINGHAM HEAD OF LOWER SCHOOL 40.00 X 143780 0 13462 PAUL BARSKY HEAD OF UPPER SCHOOL 40.00 X 134419 0 14071 JUDITH CONNER DIRECTOR OF ADMISSIONS 40.00 X 120873 0 16127 FRANCIS LANG HEAD OF MIDDLE SCHOOL 40.00 X 124265 0 11856 QUOC VO DIRECTOR OF TECHNOLOGY 40.00 X 118275 0 13407 1197276 0 110531 22 0 1 0 CULINART INC 501 W DYER RD SOUTH COAST METRO CA 92707 FOOD SERVICES 339202 PACIFIC RIM MECHANICAL 7655 CONVOY COURT SAN DIEGO CA 92111 AIR CONDITIONERS 261574 PACIFIC EVENT PRODUCTIONS INC 6989 CORTE SANTA FE SAN DIEGO CA 92121 CENTENNIAL CELEBRATION 181113 ELITE SECURITY 2878 CAMINO DEL RIO SOUTH STE 260 SAN DIEGO CA 92108 SECURITY SERVICES 125380 DUANE MORRIS LLP 750 B STREET STE 2900 SAN DIEGO CA 921014681 LEGAL SERVICES 109278 19 585874 5234498 294694 5820372 TUTION AND FEES 611710 30603971 30603971 SUMMER SCHOOL 611710 942383 942383 STUDENT SUPPORT SERVIC 611710 554398 554398 ATHLETIC EVENTS 611710 26318 26318 32127070 438289 438289 178024 0 178024 178024 178024 155299 585874 0 155299 155299 OTHER INCOME 900099 41431 41431 41431 38760485 32127070 0 813043 3756455 3756455 610149 241552 249075 119522 15952149 13256603 2180143 515403 854973 695209 128908 30856 1381372 1111089 215036 55247 1201084 960602 191120 49362 116776 116776 47494 47494 22017 22017 196542 51118 119636 25788 109639 65404 44235 49588 45652 3636 300 711078 692045 10605 8428 1303026 1274360 19545 9121 3270 3270 198639 147075 45400 6164 1899185 1857403 28488 13294 2630133 2572270 39452 18411 229699 223004 6695 OTHER EXPENSES 1414352 1076760 288511 49081 INSTRUCTION 1279824 1279824 ATHLETICS 310988 310988 HOSPITALITY AND EVENTS 228953 116559 54348 58046 46498 46498 34553883 29445564 4073079 1035240 1672298 14008176 17772574 3735529 1582275 2801632 266126 297123 726957 488706 90329128 22847830 69556272 67481298 16036280 20576203 639325 656735 108252107 110045402 3262435 3068714 16172823 12454492 47000000 45889136 3611679 3399818 70046937 64812160 X 21750320 23090821 4844492 6999587 11610358 15142834 38205170 45233242 108252107 110045402 4206602 2821470 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16965156 3823922 3224376 465000 23548454 13707527 1757253 2225376 725000 16965156 13674350 754015 -297838 423000 13707527 11016835 333996 2702487 378986 13674332 9797107 426382 1225441 432095 11016835 0.09870 0.64300 0.25830 0 0 540155 540155 84172648 18885519 65287129 5616325 3962311 1654014 67481298 INTEREST RATE SWAPS 3376127 CLUB & AGENCY ACCOUNTS 23691 3399818 X 37825500 2821470 -3756455 -934985 38760485 0 38760485 30797428 0 30797428 3756455 3756455 34553883 PART V, LINE 4: THE SCHOOL MAKES APPROPRIATIONS FROM ITS ENDOWMENT IN ACCORDANCE WITH DONOR IMPOSED RESTRICTIONS. THE PURPOSES REQUIRED BY THE DONORS INCLUDE FINANCIAL AID, PROFESSIONAL DEVELOPMENT, CURRICULUM DEVELOPMENT, AND OTHER PROGRAM SUPPORT. PART X, LINE 2: THE SCHOOL REVIEWED ITS POSITIONS FOR ALL OPEN TAX YEARS AND HAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AND FINANCIAL AID -3,756,455. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP AND FINANCIAL AID 3,756,455. 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 PUBLICIZES ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES ON ITS WEBSITE, ITS ENROLLMENT SOLICITATION MATERIALS, AND ITS ENROLLMENT APPLICATIONS AND RELATED FORMS IN A MANNER SO THAT ITS POLICIES ARE KNOWN TO THE GENERAL COMMUNITY IT SERVES. IN ADDITION, THE SCHOOL PUBLICIZES ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES IN A LOCAL NEWSPAPER, THE SAN DIEGO UNION-TRIBUNE, ON AN ANNUAL BASIS. GALA 741173 585874 155299 741173 585874 155299 155299 1 EDUCATIONAL SCHOLARSHIPS 227 3756455 FMV PART I, LINE 2: EDUCATIONAL SCHOLARSHIPS ARE APPLIED AGAINST TUITION AND OTHER RELATED CHARGES ON THE STUDENTS' ACCOUNTS. INDIVIDUAL ACCOUNTS AND THE STUDENT BILLING SYSTEM AS A WHOLE ARE RECONCILED ON A REGULAR BASIS. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 KEVIN YALEY HEAD OF SCHOOL 290450 0 35000 0 44817 0 18122 0 7000 0 395389 0 0 0 MICHAEL RINEHART HEAD OF FINANCE & OPS 185397 0 0 0 0 0 9510 0 6976 0 201883 0 0 0 ROBERT GILLINGHAM HEAD OF LOWER SCHOOL 143780 0 0 0 0 0 10663 0 2799 0 157242 0 0 0 X 9 294694 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 DURING THE YEAR ENDED JUNE 30, 2014, THE FOLLOWING CHANGES TO THE SCHOOL'S BYLAWS WERE APPROVED BY THE BOARD OF TRUSTEES (THE "BOARD"): (1) CLARIFIED THE DEFINITION OF A MEMBER IN GOOD STANDING; (2) DEFINED THE PROCEDURE FOR MEMBERS TO MAKE A REQUEST TO PRESENT AT THE ANNUAL MEMBERS' MEETING; (3) ADDED THE ROLE AND RESPONSIBILITIES OF THE BOARD CHAIR-ELECT; (4) ADOPTED A PROCESS FOR TAKING BOARD ACTIONS VIA UNANIMOUS WRITTEN CONSENT; (5) ADDED THE ALUMNI RELATIONS COMMITTEE, CAMPAIGN STEERING COMMITTEE, AND COMMUNICATIONS COMMITTEE AS STANDING COMMITTEES OF THE BOARD; AND (6) INCORPORATED REVISIONS REGARDING THE RESPONSIBILITIES AND COMPOSITION OF THE AUDIT COMMITTEE, BOARD GOVERNANCE COMMITTEE, COMPENSATION COMMITTEE, DEVELOPMENT REVIEW COMMITTEE, DIVERSITY COMMITTEE, AND STRATEGIC INITIATIVES AND ACADEMIC AFFAIRS COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONE CLASS OF MEMBERS. MEMBERS ARE: (A) PARENTS OR LEGAL GUARDIANS OF CURRENTLY REGISTERED STUDENTS OF THE SCHOOL WHO ARE IDENTIFIED AS SUCH ON THE SCHOOL'S ENROLLMENT AGREEMENT; AND (B) ALL CURRENT MEMBERS OF THE BOARD OF TRUSTEES. MEMBERS WHO ARE NOT DELINQUENT IN PAYING TUTION OR OTHER FEES ARE CONSIDERED TO BE MEMBERS IN GOOD STANDING AND MAY ATTEND OR VOTE AT MEETINGS OF MEMBERS. EVEN THOUGH A PERSON MAY QUALIFY MULTIPLE TIMES AS A MEMBER (E.G., BY VIRTUE OF HAVING MORE THAN ONE CHILD ENROLLED AT THE SCHOOL OR BEING A PARENT AND A MEMBER OF THE BOARD), NO PERSON SHALL HAVE MORE THAN ONE VOTE AS A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A NOMINATIONS FOR ELECTION TO THE BOARD OF TRUSTEES ARE MADE THROUGH THE SCHOOL'S BOARD GOVERNANCE COMMITTEE. ELECTIONS TO FILL VACANCIES ON THE BOARD OF TRUSTEES TAKE PLACE ANNUALLY AT THE ANNUAL MEMBERS' MEETING. ALL SCHOOL MEMBERS IN GOOD STANDING ARE ALLOWED TO VOTE FOR MEMBERS OF THE BOARD OF TRUSTEES. A GOOD STANDING SCHOOL MEMBER IS DEFINED AS ANY PARENT OR LEGAL GUARDIAN OF A CURRENTLY REGISTERED STUDENT IDENTIFIED AS SUCH ON THE SCHOOL'S ENROLLMENT AGREEMENT WHO IS NOT DELINQUENT IN PAYING TUITION AND OTHER FEES, AS WELL AS CURRENT MEMBERS OF THE BOARD OF TRUSTEES. THE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES ARE ELECTED UNTIL THE TOTAL NUMBER OF VACANCIES IS FILLED. FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION RETURNS OF THE SCHOOL ARE PREPARED AND REVIEWED BY SCHOOL EMPLOYEES AND THE SCHOOL'S EXTERNAL AUDITORS. A DRAFT OF THE INFORMATION RETURNS IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE'S QUESTIONS AND COMMENTS ARE ADDRESSED AND INCORPORATED, AND THE AUDIT COMMITTEE APPROVES THE INFORMATION RETURNS. FOLLOWING THE AUDIT COMMITTEE'S APPROVAL, A COPY OF THE INFORMATION RETURNS IS PROVIDED TO THE TRUSTEES. THE INFORMATION RETURNS ARE THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST STATEMENT IN WHICH EACH MEMBER EXPRESSLY ACKNOWLEDGES AN OBLIGATION AND RESPONSIBILITY TO: (A) CARRY OUT THEIR DUTIES AND EXERCISE ANY AUTHORITY FOR THE SOLE BENEFIT OF THE SCHOOL; (B) AVOID ANY CIRCUMSTANCE IN WHICH THE MEMBERS PERSONAL INTERESTS CONFLICT WITH THE INTEREST OF THE SCHOOL; AND (C) NOTIFY THE BOARD OF TRUSTEES IN THE EVENT THE MEMBER HAS A POTENTIAL CONFLICT OF INTEREST OR HAS KNOWLEDGE OF ANOTHER PERSON HAVING A POTENTIAL CONFLICT OF INTEREST. IN ORDER TO BE EMPLOYED BY THE SCHOOL, NEW EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ AND UNDERSTAND THE POLICIES IN THE SCHOOL'S EMPLOYEE HANDBOOK. INCLUDED IN THE SCHOOL'S EMPLOYEE HANDBOOK IS A CONFLICT OF INTEREST POLICY, WHICH PROHIBITS EMPLOYEES FROM ENGAGING IN ACTIVITIES THAT DIRECTLY COMPETE WITH THE BUSINESS OR INTERESTS OF THE SCHOOL. IN ADDITION, THE SCHOOL'S EMPLOYEE HANDBOOK INCLUDES A WHISTLEBLOWER POLICY, WHICH OUTLINES THE SCHOOL'S PROCESS FOR REPORTING ANY SUSPECTED VIOLATIONS OF SCHOOL POLICY AND PROVIDES ASSURANCE THAT ANY EMPLOYEE WHO REPORTS A POTENTIAL VIOLATION WILL NOT BE SUBJECT TO RETALIATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE CONSIDERS COMPENSATION REPORTS AND OTHER INFORMATION FROM NATIONAL, REGIONAL, AND LOCAL SURVEYS PREPARED BY INDEPENDENT PARTIES FOR COMPARABLE POSITIONS WHEN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION. THE APPROVED COMPENSATION PLAN FOR THE HEAD OF SCHOOL IS DOCUMENTED IN AN EMPLOYMENT AGREEMENT WHICH IS APPROVED BY THE BOARD OF TRUSTEES. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE HEAD OF SCHOOL WITH INPUT FROM THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL CONSIDERS COMPENSATION REPORTS AND OTHER INFORMATION FROM NATIONAL, REGIONAL, AND LOCAL COMPENSATION SURVEYS FOR COMPARABLE POSITIONS WHEN DETERMINING COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. THE HEAD OF SCHOOL REVIEWS THIS INFORMATION WITH THE COMPENSATION COMMITTEE BEFORE FINALIZING THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. THE COMPENSATION PLANS FOR ALL OFFICERS AND KEY EMPLOYEES ARE DOCUMENTED IN AN EMPLOYMENT AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.