2015-05-14T18:30:05-05:00 2014-06-30 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2013-07-01 941633387 NUEVA SCHOOL NUEV 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 TERRY LEE ASSOCIATE HEAD OF SCHOOL 6503504600 2015-05-14 1 MAGA E KISRIEV P01008919 4157810793 2013 2016-02-25 16:41:14Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 52312201 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K THROUGH 10TH. 27 27 217 285 0 0 11237841 14403992 16277844 21027252 386718 368652 -309096 675532 27593307 36475428 1131812 1584785 0 0 9614761 11453058 0 0 606502 7893452 10663992 18640025 23701835 8953282 12773593 102331994 142957671 40892497 67789493 61439497 75168178 X OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE STUDENT'S IMAGINATIVE MIND. 0 0 15356136 1584785 21027252 THE NUEVA SCHOOL, AN INTERNATIONALLY RECOGNIZED, AWARD-WINNING, NON-PROFIT, INDEPENDENT DAY SCHOOL SERVING STUDENTS PREKINDERGARTEN THROUGH 10TH GRADE EXPANDING TO PREKINDERGARTEN THROUGH 12TH GRADE, HAS SERVED GIFTED AND TALENTED STUDENTS SINCE 1967. NUEVA IS A STUDENT-CENTERED SCHOOL KNOWN FOR ITS DISTINCTIVE INQUIRY-BASED INTERDISCIPLINARY STUDIES, CONSTRUCTIVIST PROJECTED-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 SCIENCE, TECHNOLOGY, ENGINEERING, MATH, 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 RECENT BOOK "THAT USED TO BE US" IN THE CHAPTER "AVERAGE IS OVER." 15356136 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 1 140 0 1 217 1 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SHIRLEY DOXTAD 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DENNIS WONG CO-CHAIR 1.00 X X 0 0 0 BONNIE FOUGHT CO-CHAIR 1.00 X X 0 0 0 BRUCE COZADD 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 JOY COVEY TRUSTEE (THRU 9/18/13) 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 JAMES ISAACS TRUSTEE 1.00 X 0 0 0 KARLA JURVETSON 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 KR SRIDHAR 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 321770 0 51931 TERRY LEE ASSOCIATE HEAD OF SCHOOL/CFO/COO 40.00 X 282648 0 15169 MARK SCHOEFFEL UPPER SCHOOL DIVISION HEAD 40.00 X 173503 0 41076 SHIRLEY DOXTAD DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 161841 0 17013 TARYN CLARK DIRECTOR OF ADMISSIONS 40.00 X 135026 0 11651 MATT BERMAN WEBSITE DIRECTOR/TEACHER 40.00 X 130383 0 15385 ATHENA CHAVARRIA EXECUTIVE ASSISTANT 40.00 X 126799 0 11195 1331970 0 163420 14 0 1 0 DEVCON CONSTRUCTION INC 690 GIBRALTAR DRIVE MILPITAS CA 95035 CONSTRUCTION 30872910 LEDDY MAYTUM STACY ARCHITECTS 677 HARRISON STREET SAN FRANCISCO CA 94107 ARCHITECTURAL PROFESSIONAL SERVICES 767588 CYO TRANSPORTATION 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94015 BUS TRANSPORTATION 544820 DARIOUSH 900 DOOLITTLE DRIVE SUITE 7A SAN LEANDRO CA 94577 CAFETERIA LUNCH & CATERING 430935 OPI COMMERCIAL BUILDERS INC 445 LEIGH AVENUE LOS GATOS CA 95032 CONSTRUCTION SERVICE 258485 14 208923 14195069 5506958 14403992 TUITION AND FEES 611699 17999876 17999876 OTHER PROGRAM SERVICE REVENUE 611710 2136336 2136336 SUMMER PROGRAM REVENUE 611710 891040 891040 21027252 234964 234964 15615885 15482197 133688 133688 133688 1030108 208923 354576 675532 675532 36475428 21027252 0 1044184 X 1584785 1584785 798250 798250 8685817 6803918 1546917 334982 1968991 1401825 491963 75203 18069 18069 42250 42250 17585 17585 2462650 1345319 1116330 1001 27454 17499 9955 314157 122031 163807 28319 819875 817666 1269 940 1567218 1567218 26103 10530 15329 244 533578 414144 110881 8553 145550 145550 1188868 1188868 176618 176618 CURRICULAR TRIP EXPENSE 1034358 1034358 INSTRUCTIONAL EXPENSE 841632 841632 STUDENT TRANSPORTATION 512066 512066 CAPITAL CAMPAIGN 127606 127606 808355 450363 328338 29654 23701835 15356136 7739197 606502 884949 1077145 23924026 21893638 6145699 4470528 4457818 5134402 525989 717882 110636765 11893196 56676402 98743569 7882942 9453360 1205117 504859 629052 962288 102331994 142957671 3155513 12095609 17273440 21018503 16897133 32253421 2476411 2421960 1090000 0 40892497 67789493 X 30539827 32179890 22610166 34698784 8289504 8289504 61439497 75168178 102331994 142957671 12773593 955088 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8860058 0 1378014 535191 9702881 8677289 16838 676980 511049 8860058 8930736 344684 -138642 459489 8677289 7330538 426504 1541629 367935 8930736 6361538 562542 665118 258660 7330538 0.85430 0.14570 0 0 21899956 21899956 35973563 9057170 26916393 4071497 2836026 1235471 48691749 48691749 98743569 X 35845731 955088 955088 34890643 1584785 1584785 36475428 22117050 0 22117050 1584785 1584785 23701835 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 A REASONABLE PREMIUM OVER INFLATION ANNUALLY. PART X, LINE 2: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL CONTINUES TO REMAIN SUBJECT TO EXAMINATION BY U.S. FEDERAL AUTHORITIES FOR THE TAX YEARS 2010 THROUGH 2013 AND BY CALIFORNIA STATE AUTHORITIES FOR THE TAX YEARS 2009 THROUGH 2013. 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 1,584,785. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION 1,584,785. 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 277761 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 145998 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 136121 0 0 0 0 0 0 559880 0 559880 0 0 0 0 0 0 THE NUEVA BENEFIT AUCTION 1239031 208923 1030108 8305 85504 260767 1239031 208923 1030108 8305 85504 260767 354576 675532 1 SCHOLARSHIPS 81 1584785 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 0 0 0 0 0 0 0 0 DIANE ROSENBERG HEAD OF SCHOOL 321770 0 0 0 0 0 12750 0 39181 0 373701 0 0 0 TERRY LEE ASSOCIATE HEAD OF SCHOOL/CFO/COO 267648 0 15000 0 0 0 6375 0 8794 0 297817 0 0 0 MARK SCHOEFFEL UPPER SCHOOL DIVISION HEAD 173503 0 0 0 0 0 3293 0 37783 0 214579 0 0 0 SHIRLEY DOXTAD DIRECTOR OF FINANCE & ADMINISTRATION 156841 0 5000 0 0 0 7954 0 9059 0 178854 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-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. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-12-01 40000000 CONSTRUCTION OF UPPER SCHOOL FACILITY 0 0 0 A 40000000 196900 32253421 7746579 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 53230 REMISSION FINANCIAL ASSISTANCE 42720 FINANCIAL AWARD FINANCIAL ASSISTANCE X 36 5281154 FAIR MARKET VALUE X TRIP / TOUR 17 116275 FAIR MARKET VALUE X AUCTION ITEMS 10 82610 FAIR MARKET VALUE X EVENT 16 15415 FAIR MARKET VALUE X WINE / FOOD 13 4228 FAIR MARKET VALUE X TICKETS 10 3524 FAIR MARKET VALUE X ELECTRONICS 2 2867 FAIR MARKET VALUE X GIFT CERTIFIC 3 600 FAIR MARKET VALUE X CLOTHES 1 285 FAIR MARKET VALUE 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 VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR. THE FINANCE DIRECTOR FORWARDED THE FORM 990 TO THE CFO. THE CFO FORWARDED THE FORM 990 TO THE HEAD OF SCHOOL. NEXT THE CFO FORWARDED THE FORM 990 TO THE FINANCE COMMITTEE CO-CHAIRS AND BOARD EXECUTIVE COMMITTEE, WHO THEN FORWARDED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE CFO/TREASURER/FINANCE DIRECTOR. EITHER THE CFO/TREASURER/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. 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). FORM 990, PART IX, LINE 11G PROGRAM, MUSIC, TUTORS, SPEAKERS OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 893,001. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 893,001. MAINTENANCE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 747,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 747,950. OTHER: PROGRAM SERVICE EXPENSES 452,318. MANAGEMENT AND GENERAL EXPENSES 368,380. FUNDRAISING EXPENSES 1,001. TOTAL EXPENSES 821,699.