2015-02-02T17:22:15-06:00 2014-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2013-07-01 943250488 SEA CREST SCHOOL INC SEAC 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 DR TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 6507129892 2015-01-22 1 ROGER BULOSAN P00221282 4155436900 2013 2016-02-25 16:41:14Z DR TEKAKWITHA PERNAMBUCO 901 ARNOLD WAY HALF MOON BAY CA 94019 5274353 0 X WWW.SEACRESTSCHOOL.ORG X 1996 CA SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 17 17 83 225 0 0 851366 514660 4220931 4625329 145509 9830 38479 32485 5256285 5182304 402553 601150 0 0 2704510 2924044 50600 0 15093 1126798 1257568 4284461 4782762 971824 399542 9331251 9950619 6918043 7137211 2413208 2813408 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 0 0 3418002 601150 4420695 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 38677 204634 AUXILIARY SERVICES PROVIDE EXTENDED DAY PROGRAMS FOR ATHLETICS, MUSIC, SCIENCE, INNOVATION AND OTHER ENRICHMENT PROGRAMS, SUPERVISED BY EXTENDED DAY PROGRAM, COACHES AND SUMMER ENRICHMENT PROGRAMS. 3456679 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 14 0 1 83 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 1 1 0 CA X X KELLY SPAETH DIRECTOR OF FINANCE AND OPERATIONS 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 PAMELA IZZO PRESIDENT 1.00 X X 0 0 0 KEITH FUKUI CHIEF FINANCIAL OFFICER 1.00 X X 0 0 0 DAVID HOSILYK SECRETARY 1.00 X X 0 0 0 BARRY FRANKLIN TRUSTEE 1.00 X 0 0 0 GREG JOSWIAK TRUSTEE 1.00 X 0 0 0 AMY RAMSEY TRUSTEE 1.00 X 0 0 0 LAURA LEBER KAMMEYER TRUSTEE 1.00 X 0 0 0 GRETCHEN MCDOUGALL TRUSTEE 1.00 X 0 0 0 LYNN MARRS TRUSTEE 1.00 X 0 0 0 TOM MCGUIRK TRUSTEE 1.00 X 0 0 0 MIKE POLACEK TRUSTEE 1.00 X 0 0 0 ANDRE TURENNE TRUSTEE 1.00 X 0 0 0 TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL (EFFECTIVE 7/1/13) 55.00 X X 93000 0 14121 RYAN POPPLE TRUSTEE 1.00 X 0 0 0 WILL URBAN TRUSTEE 1.00 X 0 0 0 JULIE WALTERS TRUSTEE 1.00 X 0 0 0 JIM BARTEL TRUSTEE 1.00 X 0 0 0 ERICA COURTNEY TRUSTEE 1.00 X 0 0 0 TANYA GULESSERIAN TRUSTEE 1.00 X 0 0 0 KELLY SPAETH DIRECTOR FINANCE & OPERATIONS 55.00 X 96900 0 8203 THOMAS WALTERS FORMER HEAD OF SCHOOL 0.00 X 81000 0 6474 BRUCE POLLOCK FORMER HEAD OF SCHOOL 0.00 X 96300 0 14880 367200 0 43678 0 1 0 0 0 141395 373265 514660 TUITION 611600 4420695 4420695 AUXILIARY SERVICES 611600 204634 204634 4625329 9830 9830 29685 0 29685 29685 29685 92049 141395 92049 0 MISC. INCOME 611600 2800 2800 2800 5182304 4625329 0 42315 601150 601150 343382 171691 171691 2101367 1691229 410138 113596 91117 22479 168461 147967 20494 197238 125442 71796 6437 6437 28100 28100 4480 4480 12343 12343 52554 21031 31523 14509 14509 75652 15850 59802 4106 121 3985 20627 6807 13820 117505 94004 23501 278631 222905 55726 66305 31054 35251 LOSS ON DEFEASANCE OF B 203826 203826 MAINTENANCE, EQUIPMENT 109634 16679 92955 CURRICULUM, CLASSROOM S 108714 108714 ATHLETICS PROGRAM 27971 27971 126174 63958 47123 15093 4782762 3456679 1310990 15093 890101 39206 2213269 3767938 266472 150365 342065 124722 88512 106986 7988559 2424861 4742509 5563698 566498 31438 221825 166266 9331251 9950619 424378 240762 2203665 2289407 4290000 4607042 6918043 7137211 X 1805768 2540335 594125 259758 13315 13315 2413208 2813408 9331251 9950619 399542 658 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26479 4959 31438 23505 2974 26479 23314 191 23505 3000 17000 3314 23314 3000 3000 0.38000 0.42000 0.20000 0 0 870118 870118 6607521 2061090 4546431 510920 363771 147149 5563698 X 4628069 658 46257 46915 4581154 601150 601150 5182304 4227869 46257 46257 4181612 601150 601150 4782762 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF ONE INDIVIDUAL FUND ESTABLISHED FOR THE LONG TERM FINANCIAL BENEFIT OF THE SCHOOL AND ITS EDUCATIONAL GOALS AND OBJECTIVES THROUGH PROVIDING ANNUAL SUPPORT FOR THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE SCHOOL RECOGNIZES A 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. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 46,257. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 601,150. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 46,257. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 601,150. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SEA CREST PUBLICIZES ITS NON-DISCRIMINATION POLICY ANNUALLY IN THE SAN FRANCISCO CHRONICLE. LAST PUBLICATION WAS MAY 23, 2014. AUCTION 119921 74129 45792 13089 500 32203 SCHOLARSHIP RUN 44678 41647 3031 3031 7 68845 25619 43226 43226 233444 141395 92049 13089 500 78460 92049 0 1 FINANCIAL ASSISTANCE FOR TUITION 59 450900 FAIR VALUE OF TUITION TUITION ASSISTANCE TUITION REMISSION 59 150250 FAIR VALUE OF TUITION REMISSION TUITION REMISSION PART I, LINE 2: SEA CREST REQUIRES FINANCIAL DISCLOSURE AND PRIOR TAX RETURNS FROM APPLICANTS FOR ASSISTANCE. DECISIONS ARE BASED ON THE FAMILIES' CALCULATED ABILITY TO PAY (USING SSS METHODOLOGY) AND THE POOL OF FUNDS AVAILABLE. RECORDS ARE MAINTAINED INDIVIDUALLY FOR EACH FAMILY. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 THOMAS WALTERS FORMER HEAD OF SCHOOL 75000 0 0 0 6000 0 5250 0 1224 0 87474 0 0 0 BRUCE POLLOCK FORMER HEAD OF SCHOOL 81300 0 0 0 15000 0 5775 0 9105 0 111180 0 0 0 PART I, LINE 1A THE FORMER HEAD OF SCHOOL WAS PAID A STIPEND OF $24,000 PER YEAR AS A HOUSING ALLOWANCE AND USE OF PERSONAL RESIDENCE FOR SCHOOL FUNCTIONS, WHICH WAS PAID THROUGH PAYROLL. THE HEAD OF SCHOOL WAS ALSO PAID $3,000 FOR BUSINESS EXPENSE REIMBURSEMENT, WHICH WAS PAID THROUGH PAYROLL. PART I, LINE 4A SEVERANCE PAYMENTS TOTALLING $96,300 WERE MADE TO THE FORMER HEAD OF SCHOOL FROM 1/1/2013 TO 6/30/2013. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 NONEAVAIL 2013-07-01 4653000 REFINANCE 2008 TAX-EXEMPT BONDS, AND IMPROVEMENTS OF THE SCHOOL 0 0 0 A 4297929 4653000 92155 240516 22400 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 LYNN MARRS EX-OFFICIO BOARD MEMBER MARRIED TO THE SCHOOL'S CONSTRUCTION FIRM MANAGER 1114730 THE SCHOOL HIRED A CONSTRUCTION FIRM FOR THE NEXT-LEVEL BUILD-OUT. THE MANAGER OF THAT CONSTRUCTION PROJECT IS MARRIED TO LYNN MARRS, THE EX-OFFICIO BOARD MEMBER. 0 X 2 45686 SELLING PRICE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE MEETINGS WERE HELD AND MINUTES WERE NOT ALWAYS TAKEN, BUT NO COMMITTEE TOOK ACTION ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY CFO AND HEAD OF SCHOOL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN A "CONFLICT OF INTEREST" STATEMENT EACH YEAR AND DISCLOSE ANY POSSIBLE ACTIVITIES WHICH MAY CREATE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE SCHOOL HIRES ITS TOP MANAGEMENT OFFICIAL, IT HIRES A SEARCH FIRM AND DOES SALARY BENCHMARKING AT THAT TIME. SALARY INCREASES ARE IN LINE WITH INDUSTRY STANDARDS. ADDITIONALLY, THE EXECUTIVE COMMITTEE HAS OVERSIGHT AND APPROVAL OF THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 9: ADDRESS FOR FORMER OFFICER: THOMAS WALTERS, FORMER HEAD OF SCHOOL 515-1A 2ND STREET SANTA CRUZ, CA 95060 FORM 990, PART XI, LINE 2 (C) THE FINANCE COMMITTEE OF THE BOARD OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS.