2014-05-14T17:45:00-05:00 2013-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834600 990 2012-07-01 941495182 VALLEY CHRISTIAN SCHOOLS VALL 4085132598 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 CLIFFORD DAUGHERTY 4085132598 2014-05-08 1 LYNN HENLEY P00356034 9257902600 2012 2015-11-30 17:44:51Z CLIFFORD DAUGHERTY 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 40496022 0 X WWW.VCS.NET X 1956 CA PROVIDE CHRISTIAN EDUCATION FOR APPROXIMATELY 2,400 STUDENTS IN GRADES K-12. 7 5 471 1050 0 0 1015505 1853896 34987593 37676496 669601 558756 270274 316793 36942973 40405941 651175 1477302 0 0 20457571 21150031 0 0 62776 22480121 16641578 43588867 39268911 -6645894 1137030 105257673 103478266 73864771 68758252 31392902 34720014 X VALLEY CHRISTIAN SCHOOL'S (VCS) MISSION IS TO PROVIDE A NUTURING ENVIRONMENT OFFERING QUALITY EDUCATION SUPPORTED BY A STRONG FOUNDATION OF CHRISTIAN VALUES IN PARTNERSHIP WITH PARENTS, EQUIPPING STUDENTS TO BECOME LEADERS TO SERVE GOD, THEIR FAMILIES, AND POSITIVELY IMPACT THEIR COMMUNITIES AND THE WORLD. STUDENTS ATTENDING THE SCHOOL DURING THIS YEAR WERE APPROXIMATELY 2,400 IN GRADES K-12. 0 0 33081270 1477302 37676496 THE SCHOOL PROVIDES CHRISTIAN EDUCATION FOR STUDENTS IN GRADES K-12. THE SCHOOL PROVIDES TRAINING IN ACADEMICS, ARTS AND ATHLETICS.ACADEMICS - THE ACADEMIC JOURNEY CONTINUES FOR STUDENTS AS THEY PURSUE THEIR EDUCATIONAL PASSIONS WHILE GROWING STRONGER IN THEIR CHRISTIAN FAITH. WITH ACCESS TO A RICH COMBINATION OF CORE CLASSES AND ELECTIVE IN RIGOROUS, COMPREHENSIVE COLLEGE PREPARATORY ENVIRONMENT, VCS STUDENTS HAVE THE OPPORTUNITY TO EXPLORE A VARIETY OF DISCIPLINES THAT LEAD THEM TO ACHIEVE THEIR GOD-INTENDED PURPOSE.VCS OFFERS STUDENTS THE OPPORTUNITY TO SPECIALIZE IN APPLIED MATH, SCIENCE, OR ENGINEERING THROUGH THE APPLIED MATH, SCIENCE, AND ENGINEERING (AMSE) INSTITUTE. THIS PROGRAM OFFERS UNIQUE TRAINING WITH PROFESSIONALS TO AID AMSE STUDENTS IN DEVELOPING A COMPREHENSIVE PORTFOLIO OF WORK DURING SCHOOL YEARS. CONSERVATORY- THE CONSERVATORY OF THE ARTS OFFERS STUDENTS AN OPPORTUNITY TO FURTHER REFINE THEIR GOD-GIVEN ARTISTIC TALENTS WITH A MAJOR AND MINOR IN ONE OF SEVEN DISCIPLINES, INCLUDING MUSIC, VISUAL ARTS, DANCE ARTS, CINEMATIC ARTS, THEATRE ART, INTEGRATED ARTS OR THEATRICAL DESIGN AND TECHNOLOGY.ATHLETICS - VCS STUDENT-ATHLETICS REGULARLY COMPETE WITH DISTINCTION AT THE LOCAL, STATE, AND NATIONAL LEVEL. VCS ATHLETICS' GOAL IS TO TEACH LIFE LESSONS THAT COME THROUGH TRUE COMPETITION: HOW TO HANDLE ADVERSITY, HOW TO WORK AS A TEAM, AND HOW TO DISPLAY SPORTSMANSHIP ON AND OFF THE FIELD. WITH 44 TEAMS IN 19 DIFFERENT SPORTS, VCS PROVIDES THE OPPORTUNITY FOR ATHLETES TO DEVELOP IN THEIR SPORT AND GROW AS YOUNG MEN AND WOMEN. 33081270 1 1 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 1 1 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 96 0 1 471 1 0 0 0 0 0 1 1 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DON SHIPLEY VPCFO 4085132598 100 SKYWAY DRIVE NO 120 SAN JOSE CA 95111 MS VERA SHANTZ 1.00 X 0 0 0 MR MICHAEL SPRAUVE 1.00 X 0 0 0 MR DAN BURFORD 1.00 X 0 0 0 MRS SUSAN BAGLEY 1.00 X 0 0 0 MR ROBERT RUBINO 1.00 X 21800 0 0 DR RICK WATSON 1.00 X 0 0 0 MR ERIC PHELPS 1.00 X 0 0 0 MR STEPHEN E MCMINN 40.00 X 162917 0 23414 DR CLIFFORD DAUGHERTY 40.00 X 237961 0 47926 MR DON SHIPLEY 40.00 X 181281 0 39384 WERNER VAKEN 40.00 X 120018 0 21243 MICHEL ANNAB 40.00 X 120958 0 19290 ERIC SCHARRENBERG 40.00 X 118883 0 12127 MR MARK LODEWYK 40.00 X 120025 0 6597 DAVE ERISMAN 40.00 X 117146 0 22523 1200989 0 192504 14 0 1 0 NEW TECHNOLOGY SPECIALISTS 1082 PINE AVENUE SAN JOSE CA 95124 TECHNOLOGY 3021424 FIRST GROUP AMERICA 24179 NETWORK PLACE CHICAGO IL 60673 BUS SERVICES 628646 ABISS BUILDING MAINTENANCE CO 3179 KILO AVENUE SAN JOSE CA 95124 CUSTODIAL 453776 FIELDTURF USA INC 175 N INDUSTRIAL BLVD CALHOUN GA 30701 SYNTHETIC TURF MANUFACTURER FOR ATHLETIC 447027 UNIVERSL PROTECTION SERVICE 1551N TUSTIN AVE STE 650 SANTA ANA CA 92705 SECURITY SERVICE 303940 16 150652 1703244 48680 1853896 TUITION AND FEES 611710 34378611 34378611 FEES AND OTHER PROGRAM REVENUE 611710 3297885 3297885 37676496 558756 558756 281509 0 281509 281509 281509 125365 150652 90081 35284 35284 40405941 37676496 0 875549 1472002 1472002 5300 5300 487683 487683 109809 109809 15546602 12900600 2646002 501674 364096 136846 732 3257435 1875354 1379833 2248 1246828 955509 291215 104 654958 39368 611590 4000 298055 10737 287293 25 600673 297269 303234 170 494732 5105 488088 1539 3988057 3758903 218671 10483 192213 24974 167239 2648986 2325470 307482 16034 3776801 3517394 232002 27405 283300 283300 STUDENT SERVICES 1732726 1620351 112375 INSTRUCTIONAL PROGRAM 992248 962958 29290 ATHLETIC PROGRAM 451593 451593 MUSIC PROGRAM 257314 257314 269922 2127164 -1857278 36 39268911 33081270 6124865 62776 3600 2300 6798657 5529365 250000 386553 193455 163109 262750 218750 447519 2459 323055 200778 113789869 33789641 78395874 80000228 15278645 14250469 1264072 734868 2040046 1989387 105257673 103478266 3461967 3569138 1483405 1968414 52960000 51620000 2036815 324354 13922584 11276346 73864771 68758252 X 28361650 30858203 1074939 1901665 1956313 1960146 31392902 34720014 105257673 103478266 X 1137030 -456156 2646238 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 7.20 0 1 0 1 1 5.00 1 2984501 3833 13320 3001654 2898760 6555 79186 2984501 1938840 763907 196013 2898760 1926530 12310 1938840 1887578 38952 1926530 0.65300 0.34700 0 0 6663808 6663808 470000 92796168 23655551 69610617 6395038 5420137 974901 7464855 4713953 2750902 80000228 INTEREST RATE SWAP 11276346 11276346 X 39024020 90081 90081 38933939 1472002 1472002 40405941 37886990 90081 90081 37796909 1472002 1472002 39268911 EXPLANATION OF CHANGES TO CONSERVATION EASEMENTS: PART II, LINE 3: THE CONSERVATION EASEMENT IS NOT REPORTED. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT IS USED TO SUPPLEMENT TEACHER SALARIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITION AND CONCLUDED THAT AS OF JUNE 30,2013 AND 2012, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISER EXPENSE 90,081. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 1,472,002. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISER EXPENSE 90,081. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 1,472,002. 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 SCHOOL PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE SAN JOSE MERCURY NEWS ANNUALLY. 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, 1 0 GRANTMAKING HELP PURCHASE FURNITURE AND SUPPLIES FOR SCHOOL AND SUPPORT LOCAL TEACHERS. 5300 1 0 0 0 1 0 5300 0 5300 SOUTH ASIA - AFGHANISTAN, BANGLADESH, TO HELP PURCHASE FURNITURE AND SUPPLIES FOR SCHOOL AND SUPPORT LOCAL TEACHERS. 5300 WIRE FMV 0 1 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ALL FUNDS WERE WIRED DIRECTLY TO THE SCHOOL. VALLEY CHRISTIAN SCHOOL (VCS) HAS BEEN AND IS STILL IN CONTACT WITH THE PASTOR OF THE CHURCH AND SCHOOL. HE HAS VISITED VCS SEVERAL TIMES AND SPOKE TO EMPLOYEES AND STUDENTS ABOUT THE PROJECT. VCS HAS HAD AT LEAST TWO TRIPS OF EMPLOYEES WHO VISITED THE CONSTRUCTION SITE. THE PASTOR SENT PICTURES SEVERAL TIMES DURING CONSTRUCTION AND OF THE STUDENTS ONCE THE SCHOOL OPENED. VCS HAS A WEBSITE THAT SHOWS THE PROGRESS AND ACTIVITIES OF THE SCHOOL. JUNIOR HIGH MAGAZINE SALE 27657 0 27657 14448 ELEMENTARY JOG-A-THON 30940 30940 48263 3 217420 119712 97708 27370 276017 150652 125365 90081 90081 35284 1 SCHOLARSHIPS AND FINANCIAL AID 289 1472002 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL WRITTEN REQUESTS FOR FINANCIAL AID FUNDS MUST BE SUBMITTED IN WRITING ALONG WITH SUPPORTING DOCUMENTATION BY THE REQUESTING FAMILIES DETAILING THEIR FINANCIAL SITUATION. THESE DOCUMENTS ARE REVIEWED ON AN ONGOING BASIS BY THE VCS FINANCIAL AID COMMITTEE. FINANCIAL AID AWARDS ARE GRANTED AS FUNDS BECOME AVAILABLE. DEPENDING ON THE AVAILABILITY OF FUNDS, TUITION ASSISTANCE AWARDS MAY BE OFFERED TO STUDENTS BASED ON ONE OR MORE OF THE FOLLOWING CRITERIA: EXTRAORDINARY GOD-GIVEN TALENTS, EXTRAORDINARY POTENTIAL OR A PROVEN FINANCIAL NEED. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MR STEPHEN E MCMINN 155352 0 7565 0 0 0 22894 0 520 0 186331 0 0 0 DR CLIFFORD DAUGHERTY 98485 0 45000 0 94476 0 34342 0 13584 0 285887 0 0 0 MR DON SHIPLEY 166152 0 15129 0 0 0 23022 0 16362 0 220665 0 0 0 PART I, LINE 1A THE BOARD OF DIRECTORS PASSED A RESOLUTION TO INCLUDE A REASONABLE MONTHLY HOUSING ALLOWANCE IN THE W-2 COMPENSATION OF THE PRESIDENT/SUPERINTENDENT AND DIRECTOR OF AMSE/CHAPLAIN. THE FAIR MARKET VALUE OF THE HOUSING PROVIDED TO THE PRESIDENT/SUPERINTENDENT WAS $94,476 AND TO THE DIRECTOR OF AMSE/CHAPLAIN $94,500 FOR THIS REPORTING PERIOD. THESE AMOUNTS ARE MINISTERIAL HOUSING ALLOWANCES. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CEY2 2003-04-30 39500000 REFINANCE BONDS ISSUED IN 1998 & 2001 TO CONSTRUCT EDUCATIONAL FACILITIES 0 0 0 B ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CPB0 2009-07-01 20000000 FOR CONSTRUCTION OF EDUCATIONAL FACILITIES. 0 0 0 A 39500000 1195000 32927409 531450 834741 3006400 2001 1 1 1 1 B 20000000 212511 19491442 2011 0 0 0 1 A 0 0 1 1 0 0 0 0 B 0 0 1 1 0 0 0 0 A 0 0 0 0 1 1 WELLS FARGO 30.000000000000 0 0 0 0 0 B 0 0 0 0 1 1 WELLS FARGO 24.666666700000 0 0 0 0 0 ANNE DELKE FAMILY MEMBER OF BOARD MEMBER SUSAN BAGLEY 40478 TEACHER IN THE SCHOOL 0 PAM WATSON FAMILY MEMBER OF BOARD MEMBER DR. RICK WATSON 69331 ADMINISTRATOR 0 X 4 43680 FMV X FURNITURE 1 5000 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER DR. RICK WATSON AND ADMIN PERSON PAM WATSON HAVE A FAMILY RELATIONSHIP. BOARD MEMBER SUSAN BAGLEY AND TEACHER ANNE DELKE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE CFO AND ASSISTANT CONTROLLER PROVIDE THE INFORMATION TO THE ACCOUNTING FIRM THAT PREPARES THE FORM 990. UPON RECEIPT OF THE COMPLETED FORM 990 FROM THE ACCOUNTING FIRM, THE CEO AND CFO REVIEW THE COMPLETED DOCUMENT AND FORWARD IT TO ALL THE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE GIVEN THE OPPORTUNITY TO REVIEW BEFORE FINAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C SCHOOL BOARD MEMBERS MUST SUBMIT ANNUAL CONFLICT OF INTEREST REPORTS AS A COMPONENT OF THE ANNUAL BUDGET APPROVAL PROCESS/SCHEDULE AND, IF NOT PREVIOUSLY DISCLOSE, WILL MAKE DISCLOSURE BEFORE ANY RELEVANT BOARD OR COMMITTEE ACTION. THESE REPORTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE COMPRISED OF THE PRESIDENT, VICE PRESIDENT, COO, AND CFO WHICH WILL ATTEMPT TO RESOLVE ANY ACTUAL OR POTENTIAL CONFLICT(S) AND, IN THE ABSENCE OF RESOLUTION, REFER THE MATTER TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE RELEVANT POSITIONS ARE THE CEO, COO AND CFO. THE COMPENSATION WAS DETERMINED BY AN UNRELATED THIRD PARTY CONSULTANT. HE BASED HIS ANALYSIS ON CONTEMPORANEOUS SALARY LEVELS FOR EQUIVALENT SCHOOLS IN THE SAN JOSE AREA. HIS REPORT WAS PRESENTED TO THE BOARD OF DIRECTORS WHO BASED ANY SALARY INCREASES ON THE INFORMATION CONTAINED THEREIN. THIS STUDY WAS LAST PERFORMED IN 2012 FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL AUDIT REPORT TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: NON OPERATING CHANGE IN VALUE OF INTEREST SWAPS 2,646,238. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, SECTION A, LINE 1A: COMPENSATION DOES NOT REFLECT CO-CURRICULAR COMPENSATION AND STIPENDS. FORM 990, SCHEDULE K, PART IV, COLUMN A, LINE 3C: IN FISCAL YEAR 2006, THE SCHOOL ENTERED INTO TWO INTEREST RATE SWAP AGREEMENTS TO HEDGE THE SCHOOL'S VARIABLE RATE BOND DEBT. ONE AGREEMENT HAS A TERM OF 4 YEARS, 11 MONTHS, TERMINATING ON NOVEMBER 1, 2010. THE SECOND AGREEMENT HAS A TERM OF 26 YEARS, 11 MONTHS, TERMINATING ON NOVEMBER 1, 2032. IN FISCAL YEAR 2008, THE SCHOOL ENTERED INTO TWO ADDITIONAL INTEREST RATE SWAP AGREEMENTS. ONE AGREEMENT HAS A TERM OF TWO YEARS, AND WILL REPLACE THE ABOVE MENTIONED SWAP ON ITS TERMINATION DATE OF NOVEMBER 1, 2010. THE SECOND AGREEMENT HAS A TERM OF 30 YEARS, TERMINATING ON MARCH 1, 2039. EXPLANATION OF AMOUNT RECEIVED BY ROBERT RUBINO FORM 990, PART VII MR. RUBINO RECEIVED $21,800 OF COMPENSATION FROM THE SCHOOL FOR HIS SERVICES IN SUPPORT OF THE SCHOOL'S EDUCATION FUNCTION. HE WAS NOT COMPENSATED FOR HIS SERVICES AS A BOARD MEMBER. QUEST INSTITUTE FOR CHRISTIAN EDUCATION 100 SKYWAY DRIVE SAN JOSE CA 95111 204451361 QUALITY EDUCATION CA 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0