2015-04-03T17:56:00-05:00 2014-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2013-07-01 942356968 MOUNT TAMALPAIS SCHOOL MTTA 4153839434 100 HARVARD AVENUE MILL VALLEY CA 94941 DR KATHLEEN MECCA HEAD OF SCHOOL 4153839434 2015-03-20 1 ROGER BULOSAN P00221282 4155436900 2013 2016-03-07 17:11:31Z DR KATHLEEN MECCA 100 HARVARD AVENUE MILL VALLEY CA 94941 9278608 0 X WWW.MTTAM.ORG X 1976 CA ELEMENTARY SCHOOL EDUCATION WITH AN EMPHASIS ON ACADEMIC AND SOCIAL DEVELOPMENT. 19 17 55 0 0 0 1255010 1035346 7506013 7782065 92444 89497 221964 -58692 9075431 8848216 922650 1027150 0 0 5232089 5064540 0 0 162425 2290764 2427403 8445503 8519093 629928 329123 14447406 16687383 3865182 6072361 10582224 10615022 X MOUNT TAMALPAIS SCHOOL IS AN INDEPENDENT, COEDUCATIONAL SCHOOL SERVING STUDENTS IN KINDERGARTEN THROUGH GRADE 8. THE SCHOOL'S PROGRAM, ATMOSPHERE AND OVERALL ENVIRONMENT HAVE BEEN DESIGNED TO ENCOURAGE THE DEVELOPMENT OF THE WHOLE CHILD, WITH AN EMPHASIS ON STRONG ACADEMIC PREPARATION, VALUES, EMOTIONAL GROWTH, PERSONAL AND SOCIAL SKILLS, EFFECTIVE THINKING AND PROBLEM SOLVING CAPABILITIES, WITH ATTENTION TO INDIVIDUAL STRENGTHS AND DIVERSITY. MOUNT TAMALPAIS SCHOOL PLACES EQUAL EMPHASIS ON THE ACADEMIC AND SOCIAL DEVELOPMENT OF EACH STUDENT WITHIN A COMMUNITY THAT ESTEEMS FAMILY, THE PURSUIT OF PERSONAL EXCELLENCE, THE PERPETUATION OF VALUED TRADITIONS AND THE DEVELOPMENT OF A STRONG MORAL CODE. 0 0 7665034 1027150 7782065 PROGRAM EXPENSES ARE RELATED TO THE OPERATION OF A PRIVATE, CO-EDUCATIONAL SCHOOL FOR APPROXIMATELY 260 STUDENTS IN KINDERGARTEN TO 8TH GRADE. THE SCHOOL FOCUSES ON AN ENVIRONMENT THAT ENCOURAGES THE DEVELOPMENT OF THE WHOLE CHILD. 7665034 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 55 1 0 0 0 0 0 1 1 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 CA X DR KATHLEEN MECCA 4153839434 100 HARVARD AVENUE MILL VALLEY CA 94941 DR KATHLEEN MECCA PHD HEAD OF SCHOOL 60.00 X X 292833 0 64161 LAURA ALBER TRUSTEE 2.00 X 0 0 0 MARK LOPEZ TRUSTEE 2.00 X 0 0 0 DAVID DOMINIK TRUSTEE 2.00 X 0 0 0 JOHN BELL TRUSTEE 2.00 X 0 0 0 CHARLES EWALD TRUSTEE 2.00 X 0 0 0 FIONA REES TRUSTEE 2.00 X 0 0 0 GEORGE LEE CHAIR INVESTMENT COMMITTEE 2.00 X 0 0 0 PHILIP LEUNG TRUSTEE 2.00 X 0 0 0 RACHEL MARKUN BOARD CHAIR 2.00 X X 0 0 0 DR ANDREW MECCA PHD TRUSTEE 2.00 X 0 0 0 DAVID MOYNE TRUSTEE 2.00 X 0 0 0 DAN MURRAY TRUSTEE 2.00 X 0 0 0 ELIZABETH MURRAY TRUSTEE 2.00 X 0 0 0 NANCY SCHOPP CPA TRUSTEE 2.00 X 0 0 0 BOB PAYNE TREASURER 2.00 X X 0 0 0 MARY SAUER TRUSTEE 2.00 X 0 0 0 COOKSIE GIANNINI SECRETARY 2.00 X X 0 0 0 KRISTIN SENNETT TRUSTEE 2.00 X 0 0 0 DAVID BAKER TEACHER 40.00 X 129933 0 39517 ERIC KIELICH TEACHER 40.00 X 116600 0 22726 ROSIE NICOLINI OFFICE MANAGER 40.00 X 113488 0 25039 NANCY TRACY TEACHER 40.00 X 105200 0 36376 SUZANNE O'MEARA TEACHER 40.00 X 106225 0 28293 864279 0 216112 6 0 1 0 FIRST STUDENT 600 VINE ST STE 1400 CINCINNATI OH 45202 TRANSPORTATION 418300 KAISER FOUNDATION HEALTH PLAN FILE 73030 SAN FRANCISCO CA 941603030 HEALTH INSURANCE 355086 JOSSART AND ASSOC PO BOX 150502 SAN RAFAEL CA 94915 BUILDING IMPROVEMENT 312507 INTEGRATED DESIGN STUDIO 219 SHORELINE HWY MILL VALLEY CA MILL VALLEY CA 94941 BUILDING IMPROVEMENT 200925 4 300436 734910 1035346 TUITION AND FEES 611110 7782065 7782065 7782065 89497 89497 108940 170979 -62039 -62039 -62039 259413 300436 259413 0 MISCELLANEOUS INCOME 611110 3347 3347 3347 8848216 7782065 0 30805 1027150 1027150 302334 272100 24187 6047 3462685 3116417 277015 69253 158375 142538 12669 3168 853818 768574 68195 17049 287328 258595 22986 5747 43365 43365 32054 6411 9616 16027 266682 201323 27893 37466 22218 19996 2222 252321 227089 25232 423877 423877 275296 247766 27530 44639 40175 4464 HOT LUNCH 270957 270957 ENRICHMENT 181639 181639 SPECIAL EVENTS 88609 88609 DRAMA PRODUCTION 60876 60876 464870 310942 146260 7668 8519093 7665034 691634 162425 1931191 3276213 10895 2050 50000 57610 141796 34414 13771699 4979907 8455761 8791792 3857763 4525304 14447406 16687383 160330 824901 2488665 4071624 1216187 1175836 3865182 6072361 X 5663473 5029593 1896921 2543899 3021830 3041530 10582224 10615022 14447406 16687383 X 329123 574437 -870762 0 X 1 X 0 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4918751 19700 646978 5585429 4470251 39965 408535 4918751 4227335 100463 142453 4470251 3061079 544655 621601 4227335 2680961 68385 311733 3061079 0.54450 0.45550 0 0 2777348 2777348 8341152 4299481 4041671 934736 934736 1718463 680426 1038037 8791792 EQUITY SECURITIES AND MUTUAL FUNDS 4525304 F 4525304 X PART V, LINE 4: THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS. THE SCHOOL'S CURRENT INVESTMENT POLICY CALLS FOR TARGET ASSET ALLOCATION OF 60% EQUITIES AND 40% BONDS. THE PERFORMANCE OF THESE INVESTMENTS IS MEASURED AGAINST ESTABLISHED EQUITY AND FIXED INCOME INDICES TO PROVIDE FOR THE A) PRESERVATION OF CAPITAL, B) CURRENT INCOME, AND C) LONG-TERM GROWTH OF CAPITAL AND INCOME. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION INTENDED TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SCHOOL POLICY ALLOWS FOR THE ANNUAL DISTRIBUTION OF UP TO 5% OF THE LAST THREE YEARS' MARKET AVERAGE VALUATIONS; HOWEVER, THE SCHOOL IS CURRENTLY NOT MAKING DISTRIBUTIONS AS IT SEEKS TO INCREASE THE BALANCE OF ITS ENDOWMENTS TO $5 MILLION. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE REAL RATE OF RETURN (ADJUSTED FOR INFLATION) OF GREATER THAN 5% ANNUALLY. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THE SCHOOL'S LONG-TERM GOALS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME 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. 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, 2014, REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2010 THROUGH 2013 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2009 THROUGH 2013 TAX YEARS 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. 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 PUBLISHES ITS POLICY OF NONDISCRIMINATION IN LOCAL NEWSPAPERS AND IN INDEPENDENT SCHOOL HANDBOOKS (BUNTING, LYON, PORTER-SARGENT), NAIS, AND CAIS DIRECTORIES) AS WELL AS IN ITS LITERATURE. AUCTION 559849 300436 259413 259413 559849 300436 259413 259413 259413 0 1 TUITION ASSISTANCE 55 1027150 TUITION ASSISTANCE PART I, LINE 2: ALL AWARDS ARE NEED BASED. ALL APPLICANTS FOR FINANCIAL ASSISTANCE MUST APPLY THROUGH SSS (SCHOOL SCHOLARSHIP SERVICE) IN PRINCETON, NEW JERSEY, AN "OUT OF HOUSE" CLEARING ORGANIZATION THAT IS COORDINATED THROUGH NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS). X X X X 0 0 0 0 0 0 0 0 0 DR KATHLEEN MECCA PHD HEAD OF SCHOOL 292833 0 0 0 0 0 24333 0 39828 0 356994 0 0 0 DAVID BAKER TEACHER 129933 0 0 0 0 0 6241 0 33276 0 169450 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DR. KATHLEEN MECCA, PHD AND DR. ANDREW MECCA, PHD ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE SCHOOL'S CPA AND HEAD OF SCHOOL BEFORE THE RETURN IN FINALIZED. MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE RETURN BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOLLOWING AN INDEPENDENT REVIEW BY AN OUTSIDE CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 RECORDS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, OPERATING INFORMATION IS PUBLISHED IN THE ANNUAL REPORT. FORM 990, PART XI, LINE 8: A PRIOR PERIOD ADJUSTMENT WAS MADE TO CORRECT UNRECORDED ACCRUED SALARIES AND BENEFITS IN THE AMOUNT OF $870,762. INSTRUCTORS ARE CONTRACTED OVER A TEN MONTH PERIOD ENDING ON JUNE 30TH; HOWEVER, THEY ARE PAID OVER 12 MONTHS. ACCORDINGLY, A LIABILITY EXISTED AT JUNE 30, 2013, FOR THE SALARY AND BENEFITS THAT WERE PAID IN JULY AND AUGUST 2013 THAT WERE NOT RECORDED.