2015-02-12T11:40:22-06:00 2014-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2013-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 PAUL GALVIN DIRECTOR OF FINANCE AND OPERATIONS 4155650400 2015-02-11 1 JARED HEIN P00354637 4155436900 2013 2016-03-07 17:11:31Z PAUL GALVIN 250 VALENCIA STREET SAN FRANCISCO CA 94103 13456969 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA SAN FRANCISCO FRIENDS SCHOOL IS DEDICATED TO EDUCATING, INSPIRING, AND NURTURING GIRLS AND BOYS IN THE TRADITION OF QUAKER LEARNING. 17 17 155 75 0 0 2199619 1065830 11686502 12327735 18019 46720 164120 0 14068260 13440285 1815728 2017487 0 0 6476076 6887329 0 0 440823 3945892 3547019 12237696 12451835 1830564 988450 59710929 59036322 32210643 30481138 27500286 28555184 X SAN FRANCISCO FRIENDS SCHOOL IS DEDICATED TO EDUCATING, INSPIRING, AND NURTURING GIRLS AND BOYS IN THE TRADITION OF QUAKER LEARNING. THE DAILY LIFE OF OUR SCHOOL IS ROOTED IN THE QUAKER VALUES OF SIMPLICITY, INTEGRITY, MUTUAL RESPECT, PEACEFUL PROBLEM-SOLVING, AND SERVICE TO OTHERS. WE STRIVE TO DEVELOP IN EACH CHILD INTELLECTUAL CURIOSITY AND PASSION FOR LEARNING. WE CHALLENGE STUDENTS WITH ACADEMIC RIGOR, WHILE HONORING INDIVIDUAL STRENGTHS AND ABILITIES. WE SEEK TO CREATE A COMMUNITY WHICH EMBRACES CHILDREN AND FAMILIES OF ALL BACKGROUNDS, RECOGNIZING THAT DIVERSITY IS ESSENTIAL TO THE VITALITY OF OUR SCHOOL. WE ENGAGE WITH THE LARGER WORLD AROUND US, WORKING TOWARD THE QUAKER IDEAL OF A CARING AND JUST SOCIETY. 0 0 9302668 2017487 12327735 PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO OPERATE GRADES K-8 IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 9302668 1 1 0 0 0 0 0 0 0 0 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 50 0 1 155 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X PAUL GALVIN 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 94103 SETH BRENZEL TRUSTEE 1.00 X 0 0 0 SHANNON COGEN CO-CLERK 1.00 X X 0 0 0 BRIAN GREY TRUSTEE 1.00 X 0 0 0 ELIZABETH HAMBRECHT TRUSTEE 1.00 X 0 0 0 JIM HANSEN TRUSTEE 1.00 X 0 0 0 CHRISTINE HOANG SECRETARY 1.00 X X 0 0 0 KOOF KALKSTEIN CO-CLERK 1.00 X X 0 0 0 PATTY MCCORMAC TRUSTEE 1.00 X 0 0 0 ARNOLD OJI TRUSTEE 1.00 X 0 0 0 ELLEN PACK TRUSTEE 1.00 X 0 0 0 VICKI PENNY TRUSTEE 1.00 X 0 0 0 JOEL ROOS TRUSTEE 1.00 X 0 0 0 MARK SACHLEBEN TREASURER 1.00 X X 0 0 0 STACI SLAUGHTER TRUSTEE 1.00 X 0 0 0 ANN STANTON TRUSTEE 1.00 X 0 0 0 CLINT WILKINS TRUSTEE 1.00 X 0 0 0 SOPHIE ZIEGLER TRUSTEE 1.00 X 0 0 0 CATHY HUNTER HEAD OF SCHOOL 40.00 X 346026 0 72881 PAUL GALVIN DIRECTOR OF FINANCE & OPERATIONS 40.00 X 187344 0 28555 MARLENE SLOGER DIRECTOR OF DEVELOPMENT 40.00 X 115982 0 8284 ANDREW SALVERDA HEAD OF MIDDLE SCHOOL 40.00 X 136761 0 12339 JENNIFER ARNEST HEAD OF LOWER SCHOOL 40.00 X 117156 0 13138 903269 0 135197 7 0 1 0 PLANT CONSTRUCTION 300 NEWHALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION 2502252 KAISER PERMANENTE FILE 5915 LOS ANGELES CA 900745915 INSURANCE 304477 HEATHER AND FRENCH 70 DORMAN AVE SAN FRANCISCO CA 94124 PAINTING 169868 3 162389 903441 234885 1065830 TUITION 900099 11392599 11392599 AUXILLARY 900099 924284 924284 MISC 900099 10852 10852 12327735 46720 46720 16684 162389 16684 0 13440285 12327735 0 46720 2017487 2017487 680123 74813 435279 170031 5185335 3837148 1140774 207413 217583 174293 71948 -28658 382484 337260 21816 23408 421804 282375 115811 23618 13988 13848 140 22700 22473 227 14400 14256 144 92187 73907 7391 10889 67824 33495 30896 3433 277518 249766 24977 2775 37513 33762 3751 479158 479158 1200152 1056133 132017 12002 89682 85198 3587 897 AUXILIARY 597819 542687 49619 5513 TEACHING MATERIALS 432582 429441 3141 RECRUITING 6381 6381 215115 108665 101210 5240 12451835 9302668 2708344 440823 10151570 5020488 3178243 4961039 9849999 8728017 330000 276005 278837 44134746 6298616 35858828 37836130 1498960 396284 382851 59710929 59036322 1093823 202792 3487903 3592095 26901671 26014822 727246 671429 32210643 30481138 X 16433682 19688461 11066604 8866723 27500286 28555184 59710929 59036322 988450 57690 8758 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2499000 2499000 1001785 146048 855737 38402760 4857398 33545362 2148700 1231524 917176 82501 63646 18855 37836130 ACCRUED SALARIES 671429 671429 X 11489246 57690 8758 66448 11422798 2017487 2017487 13440285 10434348 0 10434348 2017487 2017487 12451835 PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE 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. 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 TAX YEARS 2009 THROUGH 2013 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 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,017,487. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,017,487. 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 ANNUALLY PUBLISHES ITS RACIALLY NON-DISCRIMINATORY POLICY, IN CONJUNCTION WITH A CONSORTIUM OF INDEPENDENT SCHOOLS, IN THE SAN FRANCISCO CHRONICLE, A DAILY NEWSPAPER WITH A LARGE CIRCULATION. IT WAS PUBLISHED ON MAY 23, 2014. ANNUAL DANCE DINNER 179073 162389 16684 16684 179073 162389 16684 16684 16684 0 1 TUITION ASSISTANCE 108 2017487 REVENUE LESS DISCOUNT TUITION DISCOUNTS PART I, LINE 2: THE SCHOOL AWARDS TUITION ASSISTANCE DISCOUNTS TO 25% OF ITS STUDENT BODY. THESE ARE IN THE FORM OF TUITION DISCOUNTS. AWARD RECIPIENTS APPLY EACH YEAR AND ARE VETTED THROUGH A RIGOROUS SELECTION PROCESS THAT EVALUATES ELIGIBILITY BASED ON CRITERIA ESTABLISHED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, ALL APPLICANTS MUST SUPPLY TAX DOCUMENTATION AND HOUSEHOLD EXPENDITURE SCHEDULES AS PART OF THE APPLICATION PROCESS. APPLICANTS ARE AWARDED TUITION ASSISTANCE IN THE CONTEXT OF THEIR ELIGIBILITY WITHIN THE PARAMETERS OF THE CRITERIA MENTIONED ABOVE AND WITHIN THE SCOPE OF THE SCHOOL'S BUDGET ALLOCATION FOR THE YEAR. ALL RECIPIENTS RECEIVE AWARD LETTERS AND SIGN CONTRACTS ACKNOWLEDGING THE AWARDS. THESE CONTRACTS ARE KEPT ON FILE IN THE SCHOOL'S BUSINESS OFFICE. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 1 1 CATHY HUNTER HEAD OF SCHOOL 285214 0 0 0 60812 0 52800 0 20081 0 418907 0 0 0 PAUL GALVIN DIRECTOR OF FINANCE & OPERATIONS 182344 0 5000 0 0 0 11240 0 17315 0 215899 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $7,000 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES AN AUTOMOBILE ALLOWANCE ANNUALLY OF $7,800. PART I, LINE 4B ONE EMPLOYEE, THE HEAD OF SCHOOL, PARTICIPATED IN A 457(B) AND 457(F) DEFERRED COMPENSATION PLANS. SHE RECEIVED ONE DISTRIBUTION OF $35,512 FROM THE 457(F) PLAN. PART I, LINE 8 ONE EMPLOYEE, DIRECTOR OF FINANCE, RECEIVED A $5,000 BONUS. X 16 118320 FAIR VALUE X HOME COOKED M 403 35110 FMV X OUTINGS AND E 317 21833 FMV X TRAVEL PACKAG 13 20849 FMV X ARTS AND CRAF 25 8972 FMV X FOOD AND WINE 92 8722 FMV X SPORTING EVEN 26 7614 FMV X HOUSEHOLD GOO 17 7269 FMV X MISCELLANEOUS 17 2616 FMV X ART AND CULTU 10 1450 FMV X SERVICES AND 96 1130 FMV X COLLECTIBLES 1 1000 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY MANAGEMENT IN CONJUNCTION WITH A LICENSED CPA FIRM AND IS REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE BEFORE IT IS FILED. THE FINANCE COMMITTEE REPORTS TO THE BOARD THAT THE FORM 990 HAS BEEN REVIEWED AND APPROVED AND THAT A COPY IS AVAILABLE FROM THE DIRECTOR OF FINANCE FOR ANYONE WHO WISHES TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C ONCE A YEAR THE SCHOOL DISTRIBUTES DISCLOSURE FORMS TO ITS BOARD OF TRUSTEES AND KEY EMPLOYEES. THE FORM ASKS WHETHER ANY OF THESE INDIVIDUALS HAS A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OTHER TRUSTEE OR KEY EMPLOYEE. THE INDIVIDUAL AFFIRMS YES OR NO TO THE QUESTION. IF THE REPLY IS YES, THEN THE INDIVIDUAL REPORT WITH WHOM HE/SHE HAS SUCH RELATIONSHIP, AND WHETHER IT IS BUSINESS OR FAMILY. IF QUESTIONABLE RELATIONSHIPS ARE DISCLOSED EITHER DURING THE DISCLOSURE FORM PROCESS OR AT ANY OTHER TIME, THE MATTER IS TO BE TAKEN UP BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN ORDER TO DETERMINE IF OR HOW THE RELATIONSHIP MAY COMPROMISE THE INTEGRITY OF THE INSTITUTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL (THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL) IS BEGUN BY KEY MEMBERS OF THE BOARD OF TRUSTEES SEVERAL MONTHS PRIOR TO THE EXPIRATION OF THE HEAD OF SCHOOL'S CONTRACT. THE BOARD MEMBERS WILL SOLICIT DATA FROM THE SCHOOL'S DIRECTOR OF FINANCE. THE DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH MANAGES THE LARGEST AND MOST UP-TO-DATE DATABASE ON PRIVATE SCHOOL COMPENSATION FOR HEADS OF SCHOOL. OTHER COMPARATIVE DATA ARE GATHERED FROM THE INDEPENDENT SCHOOL BUSINESS OFFICERS ASSOCIATION OF CALIFORNIA. THESE DATA ARE LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. THESE DATA AND THE SCHOOL'S RECOMMENDATION FOR A COMPENSATION PACKAGE ARE REVIEWED AND VERIFIED INDEPENDENTLY BY A COMPENSATION CONSULTANT HIRED BY THE SCHOOL TO LOOK AT THE HEAD'S TOTAL COMPENSATION PACKAGE COMPARED TO OTHER INDEPENDENT SCHOOLS WITH WHOM THE CONSULTANT HAS WORKED, AND WHO, MOST RECENTLY, DELIVERS A REPORT TO THE BOARD OF TRUSTEES SHOWING STATISTICAL INDICATORS RELATING TO COMPENSATION FOR SCHOOL HEADS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL'S OTHER KEY EMPLOYEES (DIRECTOR OF FINANCE AND DIRECTOR OF DEVELOPMENT) IS INITITATED AND COMPLETED ANNUALLY BY THE HEAD OF SCHOOL, WHO REVIEWS NATIONAL, REGIONAL AND LOCAL DATA FOR SIMILAR POSITIONS IN SIMILAR SCHOOLS (INDEPENDENT ELEMENTARY SCHOOLS, ENROLLMENTS APPROXIMATELY 300-500). THIS DATA IS PROVIDED TO THE SCHOOL BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND THE INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION OF CALIFORNA, ALL OF WHICH COLLECT THIS DATA ANNUALLY. THE HEAD OF SCHOOL DETERMINES THE KEY EMPLOYEES' COMPENSATION BASED ON COMPARING THESE DATA, THE KEY EMPLOYEE'S LEVEL OF EXPERIENCE, AND PRIOR PERFORMANCE IN THE JOB. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. THE SCHOOL'S FORM 990 IS POSTED INDEPENDENTLY ON WWW.GUIDESTAR.ORG. THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS AND KEY EMPLOYEES, AND THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS PUBLISHED ANNUALLY IN THE SCHOOL'S PERSONNEL MANUAL. FORM 990, PART XII, LINE 2 (C) THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS.