2014-03-14T11:45:37-05:00 2013-06-30 954749365 STANISLAWSKI & HARRISON CPAS 301 N LAKE AVE SUITE 900 PASADENA CA 91101 990 2012-07-01 951641456 POLYTECHNIC SCHOOL POLY 6263966300 1030 E CALIFORNIA BLVD PASADENA CA 91106 KEITH HUYSSOON 6263966300 2014-03-10 1 BARED DILACAR P00157338 6267933600 2014-02-27 2012 2015-11-30 17:44:51Z DEBBIE REED 1030 E CALIFORNIA BLVD PASADENA CA 91106 53951147 0 X WWW.POLYTECHNIC.ORG X 1907 CA POLYTECHNIC IS AN INDEPENDENT, COEDUCATIONAL, DAY SCHOOL FOR APPROXIMATELY 860 STUDENTS. 23 23 396 150 0 0 7809301 9939878 22289697 23945976 1518188 4517322 127879 85074 31745065 38488250 3454813 3489083 0 0 17724874 17704504 55933 17797 1861565 9986438 11858510 31222058 33069894 523007 5418356 149942989 156107821 33345091 31347083 116597898 124760738 X THE MISSION OF POLYTECHNIC SCHOOL IS TO DEVELOP THE INTELLECT, TALENTS, AND CHARACTER OF EACH STUDENT IN A COMMUNITY OF LEARNING DEDICATED TO PRINCIPLES OF ACADEMIC EXCELLENCE THAT VALUES THE UNIQUENESS AND DIGNITY OF EACH MEMBER AND FOSTERS PERSONAL RESPONSIBLITY AND SERVICE TO OTHERS. 0 0 28297556 3489083 23945976 POLYTECHNIC SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL FOR APPROXIMATELY 860 STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE. THE SCHOOL WAS ESTABLISHED IN 1907 AND IS LOCATED ON A 15 ACRE CAMPUS IN PASADENA, CALIFORNIA. THE SCHOOL OFFERS A STRONG ACADEMIC PROGRAM, ACTIVITIES BEYOND THE CLASSROOM INCLUDING ATHLETICS, OUTDOOR EDUCATION, COMMUNITY SERVICE, AND THE VISUAL AND PERFORMING ARTS. THE SCHOOL STRIVES TO REFLECT THE CULTURAL, ETHNIC AND ECONOMIC DIVERSITY PRESENT IN THE PASADENA AREA. THE SCHOOL OFFERS SMALL CLASSES WHICH ENCOURAGE DEEP STUDENT-FACULTY INTERACTION, FACILITIES THAT ENHANCE THE ABILITY OF THE FACULTY TO TEACH, AND OPPORTUNITIES FOR FACULTY DEVELOPMENT. 28297556 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 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 1 107 0 1 396 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X BUSINESS OFFICE 6263966300 1030 E CALIFORNIA BLVD PASADENA CA 91106 ANNICK NANCY 5.00 X 0 0 0 BABCOCK JOHN 5.00 X 0 0 0 BOYLE PETER 5.00 X 0 0 0 CASTRO JORGE 5.00 X 0 0 0 EDWARDS DREW E 5.00 X X 0 0 0 EDWARDS RUTH 5.00 X 0 0 0 FRANK JOHN 5.00 X X 0 0 0 GUERRA JR RODRIGO 5.00 X 0 0 0 HARVEY J DALE 5.00 X X 0 0 0 HUNT MELANY 5.00 X 0 0 0 JAFFER SAEED 5.00 X 0 0 0 LAMB AMY 5.00 X 0 0 0 LAURANCE DALE 5.00 X 0 0 0 LEE SCOTT 5.00 X 0 0 0 MUNGER WENDY 5.00 X 0 0 0 MURPHY ANN 5.00 X X 0 0 0 PERKINS LAWRENCE 5.00 X 0 0 0 POOLE CHRISTOPHER 5.00 X 0 0 0 ROGERS B VICKY 5.00 X 0 0 0 SAMUELS THEODORE 5.00 X X 0 0 0 SHUBIN DOROTHY 5.00 X 0 0 0 STEINBRECHER ALAN K 5.00 X 0 0 0 TERRILE JAMES 5.00 X 0 0 0 REED DEBORAH E BASE COMPENSATION 60.00 X 250372 0 197473 REED DEBORAH E DEFERRED COMP 60.00 X 273845 0 0 HUYSSOON KEITH 50.00 X 176828 0 31193 FAY JONATHAN 50.00 X 134159 0 42884 BINNEY DIANE M 50.00 X 132864 0 32677 RODRIGUEZ CARMELLA 50.00 X 132098 0 33129 KOPLEY ELIZABETH A 50.00 X 128200 0 26393 DAMASCO TERESA 50.00 X 127944 0 31941 1356310 0 395690 21 0 1 0 THE CENTURION GROUP 5435 CAHUENGA BLVD SUITE B NORTH HOLLYWOOD CA 91601 SECURITY CONTRACTOR 228857 KRISTIN FOGDALL STUDIO 285 JERSEY WAY MORRISVILLE NY 05661 MARKETING CONSULTANT 217937 2 9939878 375920 9939878 TUITION AND FEES 611710 23233415 23233415 SUMMER SCHOOL 611710 712561 712561 23945976 1743431 1743431 84443 75165 9278 9278 9278 18144961 15371070 2773891 2773891 2773891 42730 16662 26068 26068 PANTHER CLUB REVENUE 611710 32841 32841 16887 16887 49728 38488250 23945976 0 4602396 3489083 3489083 668191 181119 396512 90560 13297483 11739305 667824 890354 907392 799571 55848 51973 1865436 1661962 78648 124826 966002 863706 36195 66101 29521 29521 60500 60500 17797 17797 50000 50000 432290 345832 77812 8646 304735 282111 20362 2262 2033085 1626468 365955 40662 1179578 943662 212324 23592 3653094 2922475 657557 73062 398905 319124 71803 7978 SUMMER SCHOOL EXPENSES 574683 574683 STUDENT ACTIVITIES 413602 413602 DEVELOPMENT/CAMPAIGN 271062 271062 SKILLS ENRICHMENT PROGR 240536 240536 2216919 1894317 129912 192690 33069894 28297556 2910773 1861565 1161700 1421565 12713885 14217094 3551928 2767929 111475 123503 1241134 1240996 89284725 13188477 76756043 76096248 30445434 42000076 23538164 17776225 423226 464185 149942989 156107821 4458167 2172766 2510500 2845017 25000000 25000000 106070 116041 1270354 1213259 33345091 31347083 X 85159121 92488686 10705167 11171486 20733610 21100566 116597898 124760738 149942989 156107821 X 5418356 2703525 40959 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 55141069 1435161 7165256 2133301 50000 61558185 54629591 1514397 1044253 1997172 50000 55141069 45311775 1597578 9675404 1905166 50000 54629591 42223433 447659 4662743 1972060 50000 45311775 50235135 867675 -6238637 2590740 50000 42223433 0.52930 0.34280 0.12790 0 0 6887598 6887598 62713859 7207591 55506268 12169232 4032248 8136984 7514036 1948638 5565398 76096248 GLOBAL BOND FUND 4483569 F LARGE CAP EQUITY FUND 13292656 F 17776225 TAX EXEMPT BOND PREMIUM 1213259 1213259 X 37785478 2703525 -3448124 -744599 38530077 50000 -91827 -41827 38488250 29622638 91827 91827 29530811 50000 3489083 3539083 33069894 PART IV, LINE 2B: CUSTODIAN ACCOUNTS INCLUDE STUDENT AND PARENT ASSOCIATION ACCOUNTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF INDIVIDUAL FUNDS WHICH ARE HELD IN INVESTMENTS FOR THE PURPOSE OF PROVIDING SUPPORT FOR FINANCIAL AID, FACULTY RELATED PROGRAMS AND OTHER SCHOOL PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST 40,959. FINANCIAL AID -3,489,083. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -75,165. SPECIAL EVENTS EXPENSES -16,662. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 75,165. SPECIAL EVENTS EXPENSES 16,662. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,489,083. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NON DISCRIMINATORY POLICY IS PUBLISHED YEARLY IN THE PASADENA WEEKLY NEWSPAPER. X X X X X X 1 JACQUES & COMPANY 254 BAY ROAD SOUTH HAMILTON MA 01982 CAMPAIGN CONSULTANT 0 0 17797 -17797 17797 -17797 CA AK AR CO KY MD MA MI SC WA AL AR CT DE FL GA HI IL KS LA ME MN MS MO NJ NM NY NC ND OH OK OR PA RI TN UT VA WV WI FRIDAY NIGHT LIGHTS 42730 42730 1793 6345 5895 2629 42730 42730 1793 6345 5895 2629 16662 26068 1 FINANCIAL AID. 211 3489083 FMV FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS. FINANCIAL AID AWARDS ARE GRANTED IN FURTHERANCE OF THE SCHOOL'S PROGRAMS AND ARE MADE IN ACCORDANCE WITH POLICIES ESTABLISHED BY THE SCHOOL'S ADMINISTRATION AND GOVERNING BOARD. THE FINANCIAL AID RECIPIENTS ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFIED BASED UPON FINANCIAL NEED AND OTHER SIMILAR STANDARDS. DETERMINATION OF FINANCIAL AID AWARDS: FINANCIAL AID IS OFFERED TO ADMITTED APPLICANTS OR RETURNING STUDENTS BASED ON FINANCIAL NEED. THE SCHOOL DOES NOT OFFER LOANS OR SCHOLARSHIPS BASED ON MERIT. FAMILIES ARE SENT A PACKET OF INFORMATION AND FORMS UPON ENROLLMENT. FAMILIES ARE ASKED TO COMPLETE A PARENT'S FINANCIAL STATEMENT TO BE SENT TO THE INDEPENDENT SCHOOL MANAGEMENT FINANCIAL AID FOR SCHOOL TUITION (FAST) PROGRAM IN WILMINGTON DELAWARE. FAST CALCULATES THE EXPECTED FAMILY CONTRIBUTION BASED ON, AMONG OTHER FACTORS: THE FAMILY'S INCOME, ASSETS AND LIABILITIES, UNUSUAL EXPENSES AND FAMILY SIZE. THE SCHOOL THEN REVIEWS THE RESULTS FROM ETS TOGETHER WITH THE FAMILY'S LATEST TAX RETURN. EVERY REQUEST IS REVIEWED CAREFULLY, AND A DECISION IS MADE BASED ON ALL AVAILABLE INFORMATION. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 REED DEBORAH E BASE COMPENSATION 250372 0 0 0 0 0 174300 0 23173 0 447845 0 0 0 REED DEBORAH E DEFERRED COMP 0 0 0 0 273845 0 0 0 0 0 273845 0 273845 0 HUYSSOON KEITH 176828 0 0 0 0 0 11052 0 20141 0 208021 0 0 0 FAY JONATHAN 134159 0 0 0 0 0 13061 0 29823 0 177043 0 0 0 BINNEY DIANE M 132864 0 0 0 0 0 8109 0 24568 0 165541 0 0 0 RODRIGUEZ CARMELLA 132098 0 0 0 0 0 13399 0 19730 0 165227 0 0 0 KOPLEY ELIZABETH A 128200 0 0 0 0 0 7770 0 18623 0 154593 0 0 0 DAMASCO TERESA 127944 0 0 0 0 0 13082 0 18859 0 159885 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A HEAD'S DISCRETIONARY SPENDING ACCOUNT TO CAPTURE NECESSARY BUSINESS EXPENSES SUCH AS CONFERENCES, RESIDENCE EXPENSES, MEMBERSHIP DUES, ETC. AS PER HER CONTRACT, THE HEAD OF THE SCHOOL IS REQUIRED TO OCCUPY SCHOOL OWNED HOUSING ADJACENT TO THE SCHOOL WHERE SHE ALSO REGULARLY CONDUCTS SCHOOL RELATED FUNCTIONS. THE SCHOOL PAYS FOR THE HEAD OF SCHOOL'S MEMBERSHIP IN A UNIVERSITY FACULTY CLUB WHERE SHE REGULARLY ATTENDS SCHOOL RELATED FUNCTIONS. PART I, LINE 4B FOR CALENDAR YEAR 2012, AS PART OF A CONTRACT AGREEMENT, THE HEAD OF THE SCHOOL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (457F) ESTABLISHED BY THE SCHOOL. DURING 2012 $160,500 WAS DEFERRED. DURING CALENDAR YEAR 2012, THE HEAD OF SCHOOL RECEIVED PAYMENT OF $273,845 FOR COMPENSATION EARNED YET DEFERRED DURING THE PREVIOUS TWO YEARS PURSUANT TO EMPLOYMENT AGREEMENTS. THIS AMOUNT WAS ALSO INCLUDED IN PREVIOUS YEARS REPORTED COMPENSATION AS DEFERRED COMPENSATION. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITIES 680164610 130795L88 2009-10-06 26427365 NEW CONSTRUCTION OF BUILDINGS. 0 0 0 A 26427365 528547 25989817 2011 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 NA 0 0 0 NA 0 0 0 A 0 7000 FINANCIAL AID FINANCIAL AID X 33 375920 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: STOCK BROKER HIRED TO SELL STOCK CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11 AUDIT COMMITTEE IS DELEGATED RESPONSIBILITY TO REVIEW THE 990 PRIOR TO FILING. THE BOARD OF TRUSTEES RECEIVES A COPY OF THE RETURN PRIOR TO FILING AND IS PRESENTED A SUMMARY OF PROCESS AND KEY ITEMS BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE POLYTECHNIC SCHOOL BOARD OF TRUSTEES HAS A CONFLICT OF INTEREST POLICY TO ENSURE THAT BOARD ACTIONS ARE FREE FROM ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST. ANNUALLY, EACH BOARD MEMBER SIGNS OFF ON COMPLIANCE WITH THIS POLICY. FOLLOWING DISCLOSURE TO THE BOARD PRESIDENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD PRESIDENT SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD PRESIDENT SHALL REFER THE MATTER TO THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. IN ADDITION, KEY EMPLOYEES PARTICIPATE IN AN ANNUAL CONFLICT OF INTEREST SIGN-OFF. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND AUTHORIZED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH INCLUDES COMPARISON TO PEER SCHOOLS AND OTHER RELEVANT PERFORMANCE FACTORS. THE HEAD OF SCHOOL HAS A WRITTEN CONTRACT. CFO COMPENSATION IS DETERMINED ANNUALLY BY THE HEAD OF SCHOOL AND REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THIS REVIEW CONSIDERS COMPARISON TO PEER SCHOOLS AND OTHER RELEVANT PERFORMANCE FACTORS AS WELL. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST 40,959.