2015-12-18T13:59:13-06:00 2015-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834600 990 2014-07-01 941492272 THE COLLEGE PREPARATORY SCHOOL COLL 5106520111 6100 BROADWAY OAKLAND CA 94618 ANNE BUCKLEY CHAIR OF BOARD OF TRUSTEES 5106520111 2015-12-17 1 JOHN PANETTA P00365375 9257902600 2014 2016-03-07 17:11:31Z JANE H CARNEY 6100 BROADWAY OAKLAND CA 94618 15618469 0 X WWW.COLLEGE-PREP.ORG X 1960 CA THE COLLEGE PREPARATORY SCHOOL PREPARES STUDENTS FOR COLLEGE AND UNIVERSITY STUDY AND FOR PRODUCTIVE, ETHICAL LIVES. 18 18 121 350 0 0 1442988 1600839 13078534 13598170 295343 293513 53548 66133 14870413 15558655 2050826 2115348 0 0 9174046 9276631 0 0 871782 3280811 3367976 14505683 14759955 364730 798700 43648732 44845859 7517774 7759862 36130958 37085997 X AT COLLEGE PREP WE BELIEVE IN THE FOUNDATIONAL IMPORTANCE OF SCHOLARSHIP, THE VALUE OF DIALOGUE, AND THE NEED FOR ACADEMICALLY CURIOUS YOUNG PEOPLE TO BELONG TO A KIND, CREATIVE, DIVERSE, AND JOYFUL COMMUNITY. WE CHALLENGE OUR STUDENTS TO ENGAGE DEEPLY IN LEARNING, APPRECIATE ONE ANOTHER, AND GROW INTO ADULTS WHO ARE INTELLECTUALLY ADVENTUROUS, ETHICALLY SURE-FOOTED, AND GENEROUS OF HEART AND SPIRIT. 0 0 11603327 2115348 13598170 THE COLLEGE PREPARATORY SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL IN OAKLAND, CALIFORNIA, GRADES 9 THROUGH 12. FOR THE 2014-15 SCHOOL YEAR, THE COLLEGE PREPARATORY SCHOOL PROVIDED AN INSPIRING EDUCATION TO 360 STUDENTS, 52% OF WHOM WERE STUDENTS OF COLOR, AND 24% OF WHOM RECEIVED $2.1 MILLION IN NEED-BASED FINANCIAL AID.FOR THE 2014-15 SCHOOL YEAR, THE COLLEGE PREPARATORY SCHOOL GRADUATED AND MATRICULATED 85 SENIORS TO 4 PUBLIC UNIVERSITIES AND 39 PRIVATE UNIVERSITIES. 11603327 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 37 0 121 1 0 0 0 0 0 1 1 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X THANH TRAN CONTROLLER 5104202344 6100 BROADWAY OAKLAND CA 94618 LAUREN ADAMS TRUSTEE 2.00 X 0 0 0 PETER AITELLI TRUSTEE, VICE CHAIR, SECRE 4.00 X X 0 0 0 DICK ATKINSON TRUSTEE 2.00 X 0 0 0 TOM BEACH TRUSTEE 2.00 X 0 0 0 ANNE BUCKLEY TRUSTEE, CHAIR 4.00 X X 0 0 0 ANN CANE TRUSTEE 2.00 X 0 0 0 JIM CERVANTES TRUSTEE 2.00 X 0 0 0 DUKE DAYAL TRUSTEE, TREASURER 4.00 X X 0 0 0 ROMEO GARCIA TRUSTEE 2.00 X 0 0 0 MARTHA GOODBAR TRUSTEE 2.00 X 0 0 0 HARRY HAIGOOD TRUSTEE 2.00 X 0 0 0 PAM JOHANN TRUSTEE 2.00 X 0 0 0 SARAH MARCHICK TRUSTEE 2.00 X 0 0 0 MICHAEL PARK TRUSTEE 2.00 X 0 0 0 TREVA REID TRUSTEE 2.00 X 0 0 0 SPRECK ROSEKRANS TRUSTEE 2.00 X 0 0 0 GEORGE SAUTER TRUSTEE 2.00 X 0 0 0 MARC SUGIYAMA TRUSTEE 2.00 X 0 0 0 MONIQUE DEVANE HEAD OF SCHOOL 60.00 X 415500 0 26856 JANE H CARNEY CHIEF FINANCIAL OFFICER 60.00 X 204500 0 21478 SHARONA BARZILAY ASSISTANT HEAD OF SCHOOL 40.00 X 156395 0 25252 SARA SACKNER DIRECTOR OF DEVELOPMENT 40.00 X 162250 0 19246 MARTIN BONILLA COLLEGE COUNSELOR 40.00 X 150850 0 20212 STEFANI BERGER TEACHER 40.00 X 115185 0 21610 STEVE CHABON DEAN OF STUDENTS 40.00 X 117102 0 13513 1321782 0 148167 21 0 1 0 SODEXO DEPT 880328 LOS ANGELES CA 90088 MAINTENANCE AND CUSTODIAL 544954 BAY AREA BUILDERS 318 MARTIN AVENUE SANTA CLARA CA 95050 CONSTRUCTION 161784 JOHN MALICK & ASSOCIATES 1195 PARK AVENUE SUITE 102 EMERYVILLE CA 94608 ARCHITECTURE DESIGN 105168 3 156015 1444824 207873 1600839 TUITION AND FEES 611600 13572865 13572865 OTHER PROGRAM INCOME 611600 25305 25305 13598170 298944 298944 5431 -5431 -5431 -5431 120516 156015 54383 66133 66133 15558655 13598170 0 359646 2115348 2115348 716668 173365 446920 96383 6806460 5827042 457997 521421 462489 302991 159498 765050 491310 273740 525964 358987 166977 5699 5699 60201 60201 147829 85374 50308 12147 20331 20331 129402 30974 45179 53249 344878 290908 11625 42345 903812 720681 141926 41205 64553 47744 9173 7636 334334 181759 102141 50434 40258 34219 6039 15000 15000 674734 593212 56721 24801 164430 164430 MISCELLANEOUS 216991 175944 28078 12969 SUPPLIES 151153 122577 27148 1428 DUES AND SUBSCRIPTIONS 59691 38209 19757 1725 EQUIP. RENTAL & MAINT 34680 31902 2778 14759955 11603327 2284846 871782 2998377 3226716 4740162 5025924 972683 493750 125555 423076 19368592 7556363 11989943 11812229 22012810 22601059 809202 1263105 43648732 44845859 778112 819663 5783486 6032352 956176 907847 7517774 7759862 X 14602418 15255792 7970135 7954744 13558405 13875461 36130958 37085997 43648732 44845859 798700 156339 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19245589 317056 435565 645720 19352490 16699447 262322 2876739 592919 19245589 14638383 237770 2366224 542930 16699447 14779540 368983 22655 532795 14638383 12020221 941351 2329323 511355 14779540 0.72000 0.28000 0 0 95489 95489 17315478 6324867 10990611 1957625 1231496 726129 11812229 INVESTMENTS UNDER MANAGEMENT 22601059 F 22601059 X 13991643 156339 391997 548336 13443307 2115348 2115348 15558655 13045169 400562 400562 12644607 2115348 2115348 14759955 PART V, LINE 4: EACH ENDOWMENT FUND IS USED FOR ITS INTENDED PURPOSE AS STIPULATED IN THE GIFT INSTRUMENTS, INCLUDING FINANCIAL AID, IN SUPPORT OF THE DRAMA PROGRAM, IN SUPPORT OF THE DEBATE PROGRAM, IN SUPPORT OF FACULTY SALARIES, ETC. 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: CONSOLIDATED ENTITY REVENUE 391,997. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,115,348. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED ENTITY EXPENSE 400,562. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,115,348. 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 NONDISCRIMINATORY POLICY ANNUALLY WITH CAL-ISBOA, THE INDEPENDENT SCHOOL BUSINESS OFFICERS' ASSOCIATION. DURING THE YEAR ENDED JUNE 30, 2015, THE POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 20, 2015. ANNUAL AUCTION 245151 156015 89136 6478 18741 24207 SCRIP & OTHER EVENTS 31380 31380 4957 276531 156015 120516 6478 18741 29164 54383 66133 1 THE PARTNERS PROGRAM 6100 BROADWAY OAKLAND CA 94618 202973102 15000 DONATION GRANTED TO THE PARTNERS PROGRAM FOR EDUCATIONAL PURPOSES. FINANCIAL AID GRANTS 86 2115348 FMV PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY DIRECTLY APPLYING GRANTS TO TUITION OWED AND OTHER SCHOOL-RELATED EXPENSES SUCH AS BOOKS AND FIELD TRIPS. X 0 0 X X X X 0 0 0 0 0 0 0 0 0 MONIQUE DEVANE HEAD OF SCHOOL 415500 0 0 0 0 0 15528 0 11328 0 442356 0 0 0 JANE H CARNEY CHIEF FINANCIAL OFFICER 204500 0 0 0 0 0 10350 0 11128 0 225978 0 0 0 SHARONA BARZILAY ASSISTANT HEAD OF SCHOOL 156395 0 0 0 0 0 14124 0 11128 0 181647 0 0 0 SARA SACKNER DIRECTOR OF DEVELOPMENT 162250 0 0 0 0 0 8118 0 11128 0 181496 0 0 0 MARTIN BONILLA COLLEGE COUNSELOR 150850 0 0 0 0 0 9084 0 11128 0 171062 0 0 0 PART I, LINE 1A THE SCHOOL ENTERED INTO A 15-YEAR LOAN AGREEMENT IN DECEMBER 2013 TO FINANCE THE PURCHASE OF ITS HEAD OF SCHOOL HOUSE. THE LOAN HAD AN ORIGINAL PRINCIPAL BALANCE OF $1,050,000, BEARS INTEREST AT 4.25%, AND IS PAYABLE IN MONTHLY INSTALLMENTS OF $7,382 THROUGH DECEMBER 2028. AS OF JUNE 30, 2015, THE PRINCIPAL BALANCE OUTSTANDING ON THE LOAN IS $907,847. PURSUANT TO IRC II9(A)(2), AN EMPLOYEE MAY EXCLUDE THE VALUE OF HOUSING PROVIDED BY HIS/HER EMPLOYER IF THE REQUIREMENTS OF THAT SECTION ARE MET. TREAS. REG. 1.119 INDICATES THAT THE VALUE OF LODGING FURNISHED TO AN EMPLOYEE BY THE EMPLOYER SHALL BE EXCLUDED FROM THE EMPLOYEE'S GROSS INCOME IF THREE TESTS ARE MET: (1) THE LODGING IS FURNISHED ON THE BUSINESS PREMISES OF THE EMPLOYER, (2) THE LODGING IS FURNISHED FOR THE CONVENIENCE OF THE EMPLOYER, AND (3) THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF HIS/HER EMPLOYMENT. COLLEGE PREPARATORY SCHOOL'S HEAD OF SCHOOL HOUSE IS LOCATED DIRECTLY ACROSS THE STREET FROM ITS CAMPUS. THE SCHOOL DOES NOT HAVE A SECURITY SERVICE DURING NON-SCHOOL HOURS. IF ANYTHING HAPPENED AT THE SCHOOL, WHETHER IT BE DURING SCHOOL OR NON-SCHOOL HOURS, THE HEAD OF SCHOOL WOULD HAVE TO BE ON CAMPUS TO DIRECT ANY RESPONSE. BECAUSE PART OF THE HEAD OF SCHOOL'S JOB IS TO BE AVAILABLE FOR THESE EVENTS WHEN AND IF THEY OCCUR, IT IS THE SCHOOL'S POSITION THAT, IN ORDER TO DO HIS/HER JOB, THE HEAD OF SCHOOL MUST BE AVAILABLE AT ALL TIMES. IN ADDITION, THE USE OF THE HOUSE WILL BE INTEGRALLY ASSOCIATED WITH THE SCHOOL AND ITS MISSION, AND THE HEAD OF SCHOOL IS EXPECTED TO USE THE RESIDENCE FOR CERTAIN SIGNIFICANT ADMINISTRATIVE, CEREMONIAL AND SOCIAL RESPONSIBILITIES (INCLUDING THOSE OUTSIDE OF NORMAL BUSINESS HOURS). THE HEAD OF SCHOOL IS ALSO REQUIRED TO ACCEPT SCHOOL LODGING AS A CONDITION OF HIS/HER EMPLOYMENT, AND THIS REQUIREMENT IS SPECIFICALLY SET FORTH IN THE HEAD OF SCHOOL'S EMPLOYMENT AGREEMENT. AS SUCH, THIS SITUATION MEETS THE REQUIREMENT FOR THE EXCLUSION OF THE VALUE OF THE HOUSING FROM TAXABLE INCOME. X 16 202973 FMV X FURNITURE AND EQUIPMENT 3 4900 FMV X AUCTION ITEMS 257 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE COMMITTEE, CHIEF FINANCIAL OFFICER, CONTROLLER, HEAD OF SCHOOL, AND AUDIT COMMITTEE CHAIR, REVIEWED THE COMPLETED 990 WITH THE TAX PREPARERS. A LINK TO THE PUBLIC DISCLOSURE COPY OF THE 990 WAS SENT TO THE ENTIRE BOARD OF TRUSTEES AND WAS POSTED TO THE BOARD WEBSITE, WITH INSTRUCTIONS TO CONTACT THE CONTROLLER TO REVIEW THE SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY INCLUDES BOARD TRUSTEES AND KEY EMPLOYEES. IN GENERAL, WHEN CONDUCTING THE BUSINESS OF THE SCHOOL AND AWARDING GRANTS, A CONFLICT OF INTEREST WILL BE PRESUMED WHEN A TRUSTEE/KEY EMPLOYEE OR SOMEONE WITH WHOM THE TRUSTEE/KEY EMPLOYEE HAS A CLOSE RELATIONSHIP (A FAMILY MEMBER OR CLOSE COMPANION) SERVES AS A TRUSTEE, DIRECTOR, OFICER, OR STOCKHOLDER OF AN AFFECTED ORGANIZATION OR FIRM; HAS A FORMAL AFFILIATION OR INTEREST IN AN AFFECTED ORGANIZATION OR FIRM; OR COULD EXPECT FINANCIAL GAIN OR LOSS FROM A PARTICULAR DECISION. ANY POTENTIAL CONFLICT MUST BE DISCLOSED TO THE CHAIR OF THE BOARD AND SHARED WITH THE BOARD OF TRUSTEES. ALL TRUSTEES MUST MAKE A WRITTEN STATEMENT ANNUALLY ON A DESIGNATED FORM SUBMITTED TO THE SECRETARY OF THE BOARD DISCLOSING THE NATURE OF ANY CONFLICTED RELATIONSHIPS OR THE ABSENCE OF ANY CONFLICTING RELATIONSHIPS. ALL FORMS ARE REVIEWED AND SIGNED OFF BY THE SECRETARY OF THE BOARD. ALL KEY EMPLOYEES MUST MAKE A WRITTEN STATEMENT ANNUALLY ON A DESIGNATED FORM SUBMITTED TO THE CFO DISCLOSING THE NATURE OF ANY CONFLICTED RELATIONSHIPS OR THE ABSENCE OF ANY CONFLICTING RELATIONSHIPS. ALL FORMS ARE REVIEWED AND SIGNED OFF BY THE CFO AND RESULTS ARE REPORTED TO THE SECRETARY OF THE BOARD. ANY CONFLICTS OF INTEREST ARE DEALT WITH BY RECUSING THE TRUSTEE FROM VOTING ON CONFLICTED ISSUES, RECUSING THE KEY EMPLOYEE FROM ANY RELATED AGREEMENT THAT MIGHT BE VIEWED AS A CONFLICT, AND BY EXCUSING TRUSTEES OR KEY EMPLOYEES FROM THE ROOM WHEN A RELATED VOTE IS BEING TAKEN. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES BASED ON ANNUAL PERFORMANCE REVIEWS AND TAKING INTO ACCOUNT COMPENSATION SURVEYS AND STUDIES AS WELL AS INFORMATION ABOUT COMPENSATION LEVELS AT PEER SCHOOLS AS PUBLISHED BY CAL-ISBOA AND NAIS. THE BOARD COMMUNICATES ITS COMPENSATION DECISION TO THE CHIEF FINANCIAL OFFICER WHO PROVIDES THE DIRECTIVE TO THE DIRECTOR OF FINANCE/HUMAN RESOURCES AND OPERATIONS FOR PROPER PAYROLL AUTHORIZATION AND EXECUTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, FORM 990, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. A NOTICE DESCRIBING AVAILABILITY IS POSTED IN PLAIN VIEW IN THE BUSINESS OFFICE. FORM 990, PART XII, LINE 2C: FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PARTNER'S PROGRAM 6100 BROADWAY OAKLAND CA 94618 202973102 THE ORGANIZATION IS A TUITION-FREE SUMMER SESSION AT THE SCHOOL. CA 501(C)(3) LINE 11A, I N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0