2014-02-13T20:19:20-06:00 2013-06-30 263839190 BURR PILGER MAYER INC 600 CALIFORNIA STREET SUITE 1300 SAN FRANCISCO CA 94108 990 2012-07-01 943204136 MENLO COLLEGE MENL 6505433753 1000 EL CAMINO REAL ATHERTON CA 94027 DR JAMES KELLY 6505433753 2014-02-07 1 ROBERT A HOUSTON P00184427 4154215757 2012 2015-11-30 17:44:51Z DR JAMES KELLY 1000 EL CAMINO REAL ATHERTON CA 94027 64513104 0 X WWW.MENLO.EDU X 1994 CA TO DEVELOP FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION. 12 12 403 17 0 0 4309085 1087840 27647656 30641393 -380276 404761 362129 428808 31938594 32562802 9803951 11245383 0 0 11307822 11644701 25200 21600 97302 10303500 11568380 31440473 34480064 498121 -1917262 68489945 68210111 11913560 13068869 56576385 55141242 X MENLO COLLEGE WAS FOUNDED IN 1927 AS A COMPONENT OF MENLO SCHOOL AND COLLEGE. ON JULY 1, 1994, THE COLLEGE COMMENCED OPERATIONS AS A SEPARATE, INDEPENDENT, NONPROFIT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION. THE COLLEGE IS A SMALL, INNOVATIVE, PRIVATE RESIDENTIAL UNDERGRADUATE COLLEGE OF MANAGEMENT THAT INTEGRATES PROGRAMS IN BUSINESS, MASS COMMUNICATION, AND LIBERAL ARTS INTO A UNIQUE PARTICIPATORY LEARNING COMMUNITY. THE MENLO COLLEGE COMMUNITY'S SHARED GOAL IS TO PREPARE STUDENTS TO BE RESPONSIBLE CITIZENS AND PROFESSIONALS, CRITICAL THINKERS, AND EFFECTIVE COMMUNICATORS WHO CAN MANAGE RESOURCES RESPONSIBLY, SOLVE PROBLEMS, AND MAKE DECISIONS ETHICALLY WITH A GLOBAL PERSPECTIVE. FUNDING SOURCES GENERALLY INCLUDE TUITION AND FEES, RESIDENTIAL FEES, INVESTMENT INCOME, GIFTS, GRANTS AND BEQUESTS. 0 0 24395237 11245383 31070201 THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 670 FULL TIME STUDENTS IN A FOUR-YEAR UNDERGRADUATE MANAGEMENT PROGRAM. EXPENDITURES INCLUDE DORMITORY, DINING, STUDENT UNION, AND HEALTH SERVICES. 24395237 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 58 0 1 403 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DR JAMES KELLY 6505433744 1000 EL CAMINO REAL ATHERTON CA 94027 JULIE FILIZETTI 1.00 X 0 0 0 CHARLES J KEENAN III 1.00 X 0 0 0 THOR GEIR RAMLETH 1.00 X 0 0 0 HARRY W KELLOGG JR 1.00 X 0 0 0 HOWARD DALLMAR 1.00 X 0 0 0 JAMES T REA 1.00 X 0 0 0 JOHN SHENK 1.00 X 0 0 0 DAVID CHIEN 1.00 X 0 0 0 KRISTINE THAGARD 1.00 X 0 0 0 MICAH KANE 1.00 X 0 0 0 TOM SCANNELL 1.00 X 0 0 0 DAVID C IRMER SR 1.00 X 0 0 0 JAMES KELLY 40.00 X 385223 0 44550 JAMES WOOLEVER 40.00 X 127800 0 21102 NILO VENTURA 40.00 X 116328 0 20070 STEVEN WEINER 20.00 X 0 0 0 DAVID PLACEY 40.00 X 150768 0 23169 DIMA LESHCHINSKII 40.00 X 125022 0 20852 SOUMENDRA N DE 40.00 X 132012 0 21481 KENNETH LEONG 40.00 X 124669 0 20820 DEBORAH MCCABE 40.00 X 126481 0 20983 DALE HOCKSTRA 40.00 X 129228 0 21231 1417531 0 214258 21 0 1 0 SODEXO AMERICA LLC 1000 EL CAMINO REAL ATHERTON CA 94027 FOOD SERVICES 2158921 BLUE SHIELD OF CALIFORNIA FILE 55331 LOS ANGELES CA 90074 HEALTH AND WELFARE 465480 KAISER FOUNDATION HEALTH PLAN FILE 5915 LOS ANGELES CA 90074 HEALTH AND WELFARE 435534 ABLE BUILDING MAINTENANCE CO DEPT 34651 BOX 39000 SAN FRANCISCO CA 94139 CUSTODIAL SERVICES 307335 SUMMIT AMERICA INSURANCE SERVICES 7400 COLLEGE BLVD STE100 OVERLAND PARK KS 66210 STUDENT INSURANCE 305254 6 15550 57214 1015076 6483 1087840 STUDENT TUITION 611600 24476586 24476586 AUXILIARY FEES 611600 6164807 6164807 30641393 653587 653587 31656415 27368 31497723 434886 158692 -407518 -248826 -248826 17693 15550 17693 0 OTHER REVENUE 900099 428808 428808 428808 32562802 31070201 0 404761 11245383 11245383 868661 278568 579203 10890 8441979 6456394 1957785 27800 647172 452778 191892 2502 1056518 632317 417701 6500 630371 460479 167765 2127 9935 9935 101263 101263 21600 21600 81913 81913 468104 134479 333625 351592 314920 36672 315266 178263 111120 25883 519029 237177 281852 504369 465786 38583 123806 89614 34192 6624 6624 2073890 872520 1201370 611333 370826 240507 PROGRAM EXPENSES 3128656 648645 2480011 FACILITIES AND OPERATIO 2597861 1065486 1532375 CONSULTING 449071 282829 166242 OTHER TR EXPENSES 198819 182311 16508 26849 26462 387 34480064 24395237 9987525 97302 938443 969599 2823934 2312637 109998 65004 8156952 7833589 114820 141785 190196 102973 41881543 11582706 31618968 30298837 24359903 24789012 566210 176731 1130465 68489945 68210111 476692 842815 9778023 11227745 638786 1020059 998309 11913560 13068869 X 46117391 44790591 3472736 3369867 6986258 6980784 56576385 55141242 68489945 68210111 X -1917262 994040 -511921 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8784403 1825 850467 265681 9371014 7758993 1004587 412053 391230 8784403 6867260 11388 1672689 266385 525959 7758993 6310220 13027 794013 250000 6867260 8318127 61415 -1694322 375000 6310220 0.09090 0.16420 0.74490 0 0 11203000 11203000 15835979 2979198 12856781 9886516 5725327 4161189 1878945 1091900 787045 3077103 1786281 1290822 30298837 ACCRUED SALARIES/PAYROLL TAXES 715839 ANNUITY RESERVES 206199 CAPITAL LEASE PAYABLE 76271 998309 X 21817231 994040 -11757304 -10763264 32580495 -17693 -17693 32562802 23252374 17693 17693 23234681 11245383 11245383 34480064 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE COLLEGE MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. THE COLLEGE EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: EFFECTIVE IN FISCAL YEAR ENDED JUNE 30, 2010, THE COLLEGE BEGAN REVIEWING AND ASSESSING TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AGAINST MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION. THE COLLEGE'S POLICY FOR EVALUATING UNCERTAIN TAX POSITIONS IS A TWO-STEP PROCESS. THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES THAT IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL BE SUSTAINED UPON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATIONS PROCESSES, IF ANY. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT OR LIABILITY AS THE LARGEST AMOUNT THAT IS MORE THAN 50% LIKELY TO BE REALIZED OR INCURRED UPON SETTLEMENT. BASED ON AN ANALYSIS PREPARED BY THE COLLEGE, IT WAS DETERMINED THAT THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN HAD NO MATERIAL EFFECT ON THE RECORDED TAX ASSETS AND LIABILITIES OF THE COLLEGE. THERE HAVE BEEN NO MATERIAL CHANGES IN UNRECOGNIZED BENEFITS. THERE HAVE BEEN NO RELATED TAX PENALTIES OR INTEREST, WHICH WOULD BE CLASSIFIED AS TAX EXPENSE IN THE STATEMENT OF ACTIVITIES. AS THE COLLEGE IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, THE ADOPTION OF THIS GUIDANCE DID NOT HAVE A MATERIAL EFFECT ON THE COLLEGE'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION ON GAAP FS -11,245,383. CHANGE IN VALUE FOR MOU FUNDS -511,921. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES -17,693. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS EXPENSES 17,693. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST TUITION ON GAAP FS 11,245,383. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 MENLO COLLEGE INCLUDES IN ALL REGISTRATION MATERIALS THE FOLLOWING STATEMENT REGARDING EQUAL OPPORTUNITY AND ACCESS TO ITS PROGRAMS. THE SAME STATEMENT IS PUBLISHED ON MENLO COLLEGE WEBSITE AS FOLLOWS: MENLO DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION, DISABILITY, AGE, OR OTHER ATTRIBUTES PROTECTED BY LAW IN ANY OF ITS POLICIES, PROCEDURES, OR PRACTICES. THE NONDISCRIMINATION POLICY COVERS ADMISSION AND ACCESS TO, AND TREATMENT AND EMPLOYMENT IN, THE COLLEGE'S PROGRAMS AND ACTIVITIES. MENLO COLLEGE DRAWS 69% OF STUDENTS FROM CALIFORNIA AND 56% OF STUDENTS ARE FROM MINORITY GROUP. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 STUDENT ATTENDING THE COLLEGE RECEIVE SUPPORTS IN A FORM OF SCHOLARSHIPS AND FINANCIAL AID FROM STATE AND FEDERAL GOVERNMENTS. X X X X 1 GARY BESS ASSOCIATES 6931 SKYWAY PARADISE CA 95969 GRANT WRITING 0 0 21600 -21600 21600 -21600 CA GOLF TOURNAMENT 33243 15550 17693 3000 13448 1245 33243 15550 17693 3000 13448 1245 17693 0 1 INSTITUTIONAL SCHOLARSHIP 710 11245383 FMV MENLO COLLEGE REQUIRES FINANCIAL AID APPLICANTS SUBMIT EVIDENCE OF ELIGIBILITY AND MAINTAINS ONGOING RECORDS OF ATTENDANCE AND SCHOLASTIC ACHIEVEMENTS BY ALL RECEIPIENTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 JAMES KELLY 385223 0 0 0 0 0 22950 0 21600 0 429773 0 0 0 DAVID PLACEY 150768 0 0 0 0 0 13569 0 9600 0 173937 0 0 0 SOUMENDRA N DE 132012 0 0 0 0 0 11881 0 9600 0 153493 0 0 0 DALE HOCKSTRA 129228 0 0 0 0 0 11631 0 9600 0 150459 0 0 0 PART I, LINE 1A CAMPUS HOUSING WAS PROVIDED TO THE PRESIDENT, VP ADVANCEMENT, CIO, AND THE DEAN OF STUDENT AFFAIRS, AS A CONDITION OF EMPLOYMENT. JOHN KLINGLER FAMILY MEMBER OF JAMES KELLY, PRESIDENT/CEO 152250 FACULTY POSITION COMPENSATION. 0 FORM 990, PART VI, SECTION B, LINE 11 BEFORE FILING, FORM 990 IS DISTRIBUTED TO THE AUDIT AND BUDGET COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ANNUALLY AT THE OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS REVIEWED AND COMPENSATION AND BENEFIT PAYMENTS TO OFFICERS, DIRECTORS, AND EMPLOYEES WERE DETERMINED AND APPROVED BY THE BOARD AND/OR THE BOARD'S EXECUTIVE COMMITTEE, AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, THE ORGANIZATION WILL PROVIDE COPIES OF FINANCIAL STATEMENTS AND FILED TAX RETURNS. THE ORGANIZATION RELIES ON GUIDESTAR TO PUBLISH THEIR TAX RETURN ON THE INTERNET. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE FOR MOU FUNDS -511,921. FORM 990, PART XII, LINE 2C: NO CHANGE IN THE AUDIT COMMITTEE'S OVERSIGHT PROCESS. MENLO SCHOOL AND MENLO COLLEGE 1000 EL CAMINO REAL ATHERTON CA 94027 941156656 HOLDS TITLE TO BUILDINGS USED BY MENLO SCHOOL AND MENLO COLLEGE. CA 501(C)(3) EXEMPT SELF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 MENLO SCHOOL AND MENLO COLLEGE Q 124567 FMV MENLO SCHOOL AND MENLO COLLEGE P 2544 FMV