2014-11-17T19:10:02-06:00 2014-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834600 990 2013-07-01 941186189 MARIN ACADEMY MARI 4154534550 1600 MISSION AVENUE SAN RAFAEL CA 94901 MICHAEL JOYCE CHIEF FINANCIAL OFFICER 4154534550 2014-11-17 1 LYNN HENLEY P00356034 9257902600 2013 2015-11-30 17:44:51Z TRAVIS BROWNLEY 1600 MISSION AVENUE SAN RAFAEL CA 94901 20181327 0 X WWW.MA.ORG X 1971 CA INDEPENDENT, CO-EDUCATIONAL, COLLEGE PREPARATORY HIGH SCHOOL LOCATED IN SAN RAFAEL, CALIFORNIA. 27 24 155 350 0 0 4252370 3132086 15046615 15496580 504497 1353717 -60209 114230 19743273 20096613 2454724 2487120 0 0 10601822 10537751 0 0 1066053 4930042 6462158 17986588 19487029 1756685 609584 59929299 63029318 16704418 18945239 43224881 44084079 X MISSION STATEMENT: MARIN ACADEMY ASKS EVERY INDIVIDUAL TO THINK, QUESTION, AND CREATE IN AN ENVIRONMENT OF ENCOURAGEMENT AND COMPASSION, AND CHALLENGES EACH PERSON TO ACCEPT THE RESPONSIBILITIES POSED BY EDUCATION IN A DEMOCRATIC SOCIETY.SCHOOL PROFILEMARIN ACADEMY IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY HIGH SCHOOL, LOCATED IN SAN RAFAEL, CALIFORNIA.IT IS A SCHOOL WHICH SEEKS TO BALANCE ITS COMMITMENT TO PROVIDING AN OUTSTANDING ACADEMIC CURRICULUM ALONGSIDE A VARIETY OF CHALLENGING EXPERIENCES - AMONG THEM ATHLETICS, OUTDOOR EDUCATION, AND SERVICE LEARNING - WHEN, TAKEN AS A WHOLE, CONSTITUTE A MARIN ACADEMY EDUCATION.THE MA COMMUNITY IS BASED ON RESPECT AND TRUST, WHERE STUDENTS AND TEACHERS RELATE TO EACH OTHER AS INDIVIDUALS AS THEY ENCOURAGE EACH OTHER TO "THINK," "QUESTION" AND "CREATE". THE MARIN ACADEMY GRADUATE IS A SELF-DIRECTED, LIFELONG LEARNER WHO APPROACHES THE WORLD WITH SENSITIVITY, CREATIVITY, PASSION, CONFIDENCE AND A STRONG SENSE OF PURPOSE. 0 0 13782925 2487120 15496580 MARIN ACADEMY IS A CO-EDUCATIONAL, INDEPENDENT HIGH SCHOOL SERVING GRADES 9-12. THE SCHOOL ENROLLS APPROXIMATELY 400 STUDENTS EACH YEAR. THE SCHOOL'S CURRICULUM IS RIGOROUS COLLEGE PREPARATORY WITH HIGHLY DEVELOPED REQUIREMENTS IN ALL ACADEMIC AREAS. THE ACADEMIC PROGRAM IS WELL DEVELOPED AND BROAD IN SCOPE, OFFERING 110 COURSES INCLUDING MORE THAN 60 ELECTIVES ACROSS ALL DISCIPLINES WITH HONORS OFFERINGS IN EVERY DEPARTMENT. RECOGNIZING THAT PARTICIPATION IN THE ARTS HAS A DIRECT, POSITIVE IMPACT ON STUDENTS' ACADEMIC WORK, MARIN ACADEMY HAS A TWO-YEAR ARTS REQUIREMENT FOR ALL STUDENTS. WITH 32 FULL-TIME COURSES IN THE ARTS, STUDENTS TAKE ADVANTAGE OF OPPORTUNITIES IN MUSIC, DANCE, AND THEATER, AND EXPLORE MEDIA SUCH AS FILMMAKING AND ANIMATION, DIGITAL MUSIC, PHOTOGRAPHY, VIDEOGRAPHY, AND MULTIMEDIA.THE AVERAGE CLASS SIZE IS 15. MARIN ACADEMY'S CO-CURRICULAR PROGRAMS INCLUDE AN AMBITIOUS OUTDOOR EDUCATION PROGRAM, A SERVICE LEARNING PROGRAM, A REQUIRED WEEK OF EXPERIMENTIAL EDUCATION EACH SPRING, AND A HIGHLY-DEVELOPED INTERSCHOLASTIC ATHLETIC PROGRAM. THE SCHOOL ALSO SUPPORTS THE NEED FOR ONGOING GROWTH AND CHALLENGES FOR ITS STUDENTS THROUGH A NUMBER OF SPECIAL PROGRAMS INCLUDING: INDEPENDENT STUDY, SENIOR PROJECTS, INTERNATIONAL STUDIES, AND STUDY ABROAD. 13782925 1 1 0 0 0 0 0 0 0 1 1 1 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 0 1 1 0 0 0 0 0 0 0 0 1 107 0 0 155 1 0 0 0 0 0 1 1 0 0 0 0 X 27 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MICHAEL JOYCE CFO 4154823213 1600 MISSION AVENUE SAN RAFAEL CA 94901 MS KATHY DELL CHAIR 2.00 X 0 0 0 MS ROSEMARY MORGAN VICE CHAIR 2.00 X 0 0 0 MR ERIC WARNER VICE CHAIR-FINANCE 2.00 X 0 0 0 MR CREGG BAUMBAUGH TRUSTEE 2.00 X 0 0 0 MR MITCH COHEN TRUSTEE 2.00 X 0 0 0 MR JEFFERSON COOMBS TRUSTEE 2.00 X 0 0 0 MS LAURA COX TRUSTEE 2.00 X 0 0 0 MS JOAN DEA TRUSTEE 2.00 X 0 0 0 MS SUE DIAMOND TRUSTEE 2.00 X 0 0 0 MR DICK DREW TRUSTEE 2.00 X 0 0 0 MS REBECCA YOUNG GUSTIN TRUSTEE 40.00 X 85668 0 16045 MR JIM HYMAN TRUSTEE 2.00 X 0 0 0 MS LIZ KIND TRUSTEE 2.00 X 0 0 0 MS M KRISTIN KLEIN TRUSTEE 2.00 X 0 0 0 MR NED KLINGELHOFER TRUSTEE 2.00 X 0 0 0 MR GEORGE LEE TRUSTEE 2.00 X 0 0 0 MR PAUL LEVITAN TRUSTEE 2.00 X 0 0 0 MS SALLY MATSUISHI TRUSTEE 2.00 X 0 0 0 MR PRESTON MCCASKILL TRUSTEE 2.00 X 0 0 0 MS STEPHANIE MELLIN TRUSTEE 2.00 X 0 0 0 MS BETSY MUIR TRUSTEE 40.00 X 93588 0 16388 MR BRANDON NICHOLSON TRUSTEE 2.00 X 0 0 0 MS EMILIE MUNGER OGDEN TRUSTEE 2.00 X 0 0 0 MS LOUISA RITTER TRUSTEE 2.00 X 0 0 0 MS KELLY SCANNELL TRUSTEE 2.00 X 0 0 0 MR ADAM WILLNER TRUSTEE 2.00 X 0 0 0 TRAVIS BROWNLEY HEAD OF SCHOOL 40.00 X X 307200 0 39841 MICHAEL JOYCE CHIEF FINANCIAL OFFICER 40.00 X 222802 0 33007 MEG WILSON - DIRECTOR OF INSTITUT HIGHLY COMPENSATED EE 40.00 X 221288 0 32749 LYNNE HANSEN - DEAN OF STUDENTS HIGHLY COMPENSATED EE 40.00 X 143204 0 20433 JENNIFER BLAKE - CO-DIRECTOR OF C HIGHLY COMPENSATED EE 40.00 X 139624 0 20218 MICKY MORRIS - DIRECTOR OF FACILI HIGHLY COMPENSATED EE 40.00 X 138276 0 18288 DAN BABIOR - DIRECTOR OF ADMISSIO HIGHLY COMPENSATED EE 40.00 X 136409 0 17994 1488059 0 214963 31 0 1 0 MICHAEL'S TRANSPORTATION 2029 BENNINGTON DRIVE VALLEJO CA 94591 TRANSPORTATION SERVICES 355542 EHDD 500 TREAT AVENUE 201 SAN FRANCISCO CA 94110 ARCHITECTURE SERVICES 277242 PEAK BUILDING SERVICES 142 CAPTAIN NURSE CIRCLE NOVATO CA 94949 CLEANING SERVICES 177094 EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 CATERING SERVICES 134624 4 100850 3031236 692674 3132086 TUITION 611600 15121720 15121720 MINI-COURSE FEES 611710 158332 158332 STUDENT PROGRAM SERVICE 611710 117151 117151 TESTING & DEPOSITS RET. 611710 56369 56369 TRANSPORTATION 611710 43008 43008 15496580 1353717 1353717 62502 0 62502 62502 62502 129924 100850 72338 57586 57586 6518 12376 -5858 -5858 20096613 15496580 0 1467947 2487120 2487120 709258 709258 7829348 6140106 905355 783887 517508 301723 170320 45465 897717 610378 235735 51604 583920 386836 164670 32414 1044 1044 62029 62029 46544 46544 7150 6200 836 114 96296 24325 13081 58890 163296 90983 65215 7098 276585 276585 19733 19733 158924 70733 88191 301267 261226 35218 4823 1175184 1018990 137379 18815 193291 158772 31587 2932 DEBT EXTINGUISHMENT 1558685 1558685 FACILITIES 763148 661718 89212 12218 EDUCATIONAL 408094 378489 29605 MISCELLANEOUS 385599 65631 272437 47531 845289 843110 1917 262 19487029 13782925 4638051 1066053 8260932 10880566 3183591 1264224 2650005 3257175 2570172 3088946 14821 16574 352202 364019 43316850 13118801 30621735 30198049 12050934 13651975 224907 307790 59929299 63029318 1359742 1176507 9036676 9461789 6308000 8306943 16704418 18945239 X 27222790 25966877 5446499 7493450 10555592 10623752 43224881 44084079 59929299 63029318 609584 249614 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13515223 68160 1601133 549509 14635007 12046050 626797 1352536 510160 13515223 11177681 1224244 55135 411010 12046050 9783326 114274 1702959 422878 11177681 8289929 642490 1253319 402412 9783326 0.04550 0.72640 0.22810 0 0 3050425 3050425 38477321 11698026 26779295 1789104 1420775 368329 30198049 MUTUAL FUNDS 13651975 F 13651975 X 16385136 249614 -1473971 -1224357 17609493 2487120 2487120 20096613 15525938 84714 84714 15441224 4045805 4045805 19487029 PART V, LINE 4: I. ENDOWED FACULTY AWARDS 1. EDWARD E. FORD FOUNDATION FELLOWSHIP: RESTRICTIONS: INCOME FROM FUND IS RESTRICTED FOR USE BY MARIN ACADEMY FOR FACULTY PROFESSIONAL DEVELOPMENT EXPENSES, I.E. CONFERENCE AND WORKSHOP FEES, TRAVEL COSTS TO AND FROM PROFESSIONAL DEVELOPMENT ACTIVITIES, AND OTHER COSTS ASSOCIATED WITH PROFESSIONAL TRAINING. FACULTY MUST SUBMIT A PROPOSAL OF TRAINING, TRAVEL AND PROGRAM OBJECTIVES TO THE SCHOOL'S E.E. FORD FOUNDATION COMMITTEE. PROPOSALS SHOULD BE BASED UPON THE ACADEMIC OBJECTIVES ESTABLISHED AND ANNOUNCED BY THE COMMITTEE. ONE OR MORE SCHOLARS ARE SELECTED EACH YEAR FOR THE AWARD. 2. HAAS ENDOWMENT CHALLENGE FUND: RESTRICTIONS: INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO BENEFIT THE FACULTY FOR PROFESSIONAL DEVELOPMENT. 3. EVELYN FLORY ENDOWMENT FUND: RESTRICTIONS: INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO SUPPORT FACULTY DEVELOPMENT ACTIVITIES THAT HELP MARIN ACADEMY ACHIEVE ITS CULTURAL DIVERSITY GOALS. 4. ENDOWMENT FOR FACULTY SUPPORT: INCOME FROM THE FUND SUPPORTS COMPENSATION FOR MA FACULTY. 5. MCEVOY FACULTY SABBATICAL FUND: ESTABLISHED IN 2005, PROVIDES HALF-YEAR SABBATICAL FUNDING FOR FACULTY MEMBERS SERVING THE MARIN ACADEMY COMMUNITY FOR AT LEAST SEVEN YEARS. THIS SABBATICAL IS DESIGNED TO BE RESTORATIVE AND PERSONAL: THERE ARE NO RESTRICTIONS OR STIPULATIONS REGARDING USE. RECIPIENTS MUST RETURN FOR A FULL (FULL-TIME) YEAR OF SERVICE AT MA AFTER TAKING THEIR SABBATICAL. 6. THOREAU SABBATICAL: MADE POSSIBLE BY A GIFT FROM A MARIN ACADEMY FAMILY, THE HENRY DAVID THOREAU CHAIR REPRESENTS THE FIRST ENDOWED FACULTY CHAIR FOR THE SCHOOL. THROUGH INTERDISCIPLINARY CURRICULUM DEVELOPMENT, TEACHING, AND MENTORING THE STUDENT COMMUNITY, THE THOREAU CHAIR SEEKS TO SUPPORT AN EDUCATION PROGRAM AT MA THAT RECOGNIZES CITIZENSHIP IN TODAY'S WORLD RESTS ON A DEEP ECOLOGICAL UNDERSTANDING. II. ENDOWED STUDENT AWARDS 1. MATTHEW CLIFFORD ENDOWMENT FUND: ESTABLISHED IN MEMORY OF FORMER STUDENT MATTHEW CLIFFORD. INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO RECOGNIZE A STUDENT EACH YEAR THAT MEETS THE FOLLOWING CRITERIA: A) RECIPIENT MUST HAVE ESTABLISHED FINANCIAL NEED; B) DEMONSTRATED WILLINGNESS TO SERVE THE SCHOOL COMMUNITY ENTHUSIASTICALLY AND A CARING AND SUPPORTIVE ATTITUDE IN THEIR RELATIONSHIP WITH FELLOW STUDENTS; C) TRIES TO EXCEL TO MAKE THE BEST OF HIS OR HER ACADEMIC OPPORTUNITIES; D) AN ACTIVE PARTICIPANT IN THE EXTRA-CURRICULAR LIFE OF THE SCHOOL (ARTS, ATHLETICS, OUTINGS, ETC.); E) A PERSON OF OBVIOUS INTEGRITY AND CITIZENSHIP. STUDENT SELECTION IS MADE BY A COMMITTEE OF SCHOOL FACULTY AND ADMINISTRATORS. FUNDS ARE USED TO SUPPLEMENT STUDENT'S NEED-BASED AID. 2. DANIELLE PLUMB ZUMBRUN (DPZ) ENDOWMENT FUND: ESTABLISHED IN MEMORY OF FORMER STUDENT DANIELLE PLUMB ZUMBRUN. INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO SUPPORT A LEADERSHIP-TRAINING PROGRAM FOR OUTSTANDING STUDENTS IN THE OUTINGS PROGRAM. FUNDS ARE AWARDED TO STUDENTS TO HELP PAY FOR A WILDERNESS EXPERIENCE OR OUTDOOR LEADERSHIP TRAINING NOT AVAILABLE THROUGH MARIN ACADEMY'S OUTINGS CURRICULUM. STUDENTS ARE SELECTED BY A COMMITTEE OF FACULTY AND THE HEAD. 3. HEADMASTER'S CUP ENDOWMENT FUND: ESTABLISHED TO HONOR MARIN ACADEMY'S FIRST HEADMASTER, WILLIAM MCCLUSKEY. FUNDS WERE DONATED TO SUPPORT STUDENT ACTIVITIES AT MARIN ACADEMY. EACH YEAR, THE SCHOOL RECOGNIZES A GRADUATING SENIOR WHO DEMONSTRATES THE ATTITUDES OF MIND AND CHARACTER THAT MARIN ACADEMY AIMS TO FOSTER. 4. ENDOWMENT FOR AWARDS OF SPECIAL FINANCIAL AID: INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO PROVIDE FINANCIAL SUPPORT FOR STUDENTS TO COVER THE INCIDENTAL COSTS OF OUTINGS, FIELD TRIPS, SPORTS EQUIPMENT AND OTHER PROGRAMS. 5. BODIE BRIZENDINE SCHOLARSHIP FUND: THIS ENDOWED FUND PROVIDES NEED-BASED FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD OTHERWISE NOT BE ABLE TO ATTEND MARIN ACADEMY. 6. THE CAROL L. MORSE SCHOLARSHIP: THIS FUND WAS ESTABLISHED IN 2006 BY THE FAMILY OF FORMER TRUSTEE AND ALUMNI PARENT, CAROL MORSE, IN HER MEMORY. THE MORSE SCHOLARSHIP PROVIDES NEED-BASED TUITION ASSISTANCE TO AN UNDER-REPRESENTED STUDENT WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND MARIN ACADEMY. 7. SCHOLARSHIP FUND HONORING MA FACULTY: NEED-BASED FINANCIAL ASSISTANCE FOR AN UNDER-REPRESENTED STUDENT EACH YEAR. III. OTHER PROGRAMS 1. LITERARY FESTIVAL FUND: INCOME FROM THE FUND IS RESTRICTED FOR USE BY MARIN ACADEMY TO SUPPORT THE SPEAKING FEES, STIPENDS AND PROGRAM COSTS OF THE SCHOOL'S ANNUAL LITERARY FESTIVAL. 2. JAMES F. THACHER ENDOWMENT: THE JAMES F. THACHER ENDOWMENT UNDERWRITES THE THACHER LECTURE SERIES, ENABLING MARIN ACADEMY TO BRING A PROMINENT CULTURAL, POLITICAL, ACADEMIC OR SOCIAL LEADER TO THE CAMPUS EACH YEAR TO ENLARGE THE EXPERIENCE OF M.A. STUDENTS, THEIR FAMILIES, AND THE BAY AREA COMMUNITY. FUNDS ARE USED FOR SPEAKER HONORARIA, TRAVEL EXPENSES AND EVENT EXPENSES. 3. ENDOWMENT FUND FOR CROSSROADS AND COMMUNITY PARTNERSHIP: INCOME FROM THE FUND IS RESTRICTED FOR SUPPORT OF THE SCHOOL'S CROSSROADS PROGRAM AND OTHER COMMUNITY PARTNERSHIPS. AS A SCHOOL THAT SEEKS TO CULTIVATE DIVERSITY IN ALL ASPECTS OF SCHOOL LIFE, THE ENDOWMENT FOR CROSSROADS AND COMMUNITY PARTNERSHIP WILL AFFIRM AND STRENGTHEN OUR PUBLIC RESPONSIBILITY TO THE BROADER COMMUNITY. 4. GENERAL ENDOWMENT FUND: INCOME FROM THE FUND CAN BE USED FOR EXPENSES AT THE DISCRETION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS FOR JUNE 30, 2014, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - NETTED WITH REVENUE 12,375. SPECIAL EVENT EXPENSES 72,339. LOSS ON DEBT EXTINGUISHMENT -1,558,685. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,487,120. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - NETTED WITH REVENUE 12,375. SPECIAL EVENT EXPENSES 72,339. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,487,120. LOSS ON DEBT EXTINGUISHMENT 1,558,685. 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 NONDISCRIMINATORY POLICY IS PUBLISHED IN THE SF CHRONICLE EACH YEAR WITH A LIST OF OTHER BAY AREA SCHOOLS. THE POLICY IS ALSO ON THE SCHOOL'S WEBSITE AND IN ADMISSIONS MATERIALS. SPRING FUNDRAISER 230774 100850 129924 72339 230774 100850 129924 72339 72339 57585 1 FINANCIAL AID/SCHOLARSHIPS 87 2487120 FMV PART I, LINE 2: FINANCIAL AID IS AWARDED BY THE ADMISSIONS OFFICE TO MA STUDENTS WITH DEMONSTRATED FINANCIAL NEED. THE ADMISSIONS OFFICE RETAINS RECORDS TO SUBSTANTIATE THE AWARDS. AWARDS ARE REVIEWED BY THE BUSINESS OFFICE AND HEAD OF SCHOOL. X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 TRAVIS BROWNLEY HEAD OF SCHOOL 300000 0 7200 0 0 0 28000 0 11841 0 347041 0 0 0 MICHAEL JOYCE CHIEF FINANCIAL OFFICER 222802 0 0 0 0 0 21166 0 11841 0 255809 0 0 0 MEG WILSON - DIRECTOR OF INSTITUT HIGHLY COMPENSATED EE 221288 0 0 0 0 0 21022 0 11727 0 254037 0 0 0 LYNNE HANSEN - DEAN OF STUDENTS HIGHLY COMPENSATED EE 143204 0 0 0 0 0 8592 0 11841 0 163637 0 0 0 JENNIFER BLAKE - CO-DIRECTOR OF C HIGHLY COMPENSATED EE 139624 0 0 0 0 0 8377 0 11841 0 159842 0 0 0 MICKY MORRIS - DIRECTOR OF FACILI HIGHLY COMPENSATED EE 138276 0 0 0 0 0 8297 0 9991 0 156564 0 0 0 DAN BABIOR - DIRECTOR OF ADMISSIO HIGHLY COMPENSATED EE 136409 0 0 0 0 0 8185 0 9809 0 154403 0 0 0 PART I, LINE 1A MARIN ACADEMY SHALL REIMBURSE THE HEAD FOR REASONABLE OUT-OF-POCKET EXPENSES INCURRED IN CONNECTION WITH MARIN ACADEMY'S BUSINESS, INCLUDING COSTS OF SCHOOL FUNCTIONS AT THE HEAD'S HOUSE, AND TRAVEL EXPENSES, FOOD AND LODGING WHILE AWAY FROM HOME, SUBJECT TO SUBMISSION OF SATISFACTORY DOCUMENTATION TO THE BOARD OF TRUSTEES OR ITS DESIGNEES AND SUCH POLICIES AS MARIN ACADEMY MAY FROM TIME TO TIME REASONABLY ESTABLISH FOR ITS EMPLOYEES. REASONABLE OUT-OF-POCKET EXPENSES TO BE REIMBURSED, IN THE SOLE DISCRETION OF THE BOARD OF TRUSTEES OR ITS DESIGNEE, MAY INCLUDE TRAVEL COSTS OF A COMPANION, IF AND WHEN ACCOMPANYING THE HEAD ON SCHOOL-RELATED BUSINESS, I.E., IF A COMPANION'S PRESENCE IS REQUIRED AS A CONDITION OF THE HEAD'S EMPLOYMENT DUE TO SCHOOL-RELATED BUSINESS NECESSITY. THE VALUE OF THE HOUSING IS EXCLUDED UNDER SECTION 119(D). A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-01-30 8306943 TO RETIRE EXISTING BONDS 0 0 0 A 6142000 8306943 1627804 6679139 1 0 0 1 A 0 0 0 0 0.03000 0.00000 0.03000 0 0 0 A 1 0 0 0 0 0 STUART LUM FORMER TRUSTEE AND COMPENSATION COMMITTEE MEMBER OF MARIN ACADEMY 1350000 INTERESTED PERSON IS ALSO A TRUSTEE OF THE BANK THAT HELD A PORTION OF SCHOOL'S TAX-EXEMPT DEBT DURING THE YEAR. TRANSACTION AMOUNT REPRESENTS BREAKAGE FEE CHARGED BY THE BANK FOR PAYING OFF THE REMAINING PRINICPAL BALANCE OF OUTSTANDING BONDS DURING THE 2013-14 FISCAL YEAR. 0 X 11 692674 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 IS REVIEWED BY THE SCHOOL'S AUDIT COMMITTEE. THE RETURN IS MADE AVAILABLE TO THE ENTIRE GOVERNING BODY BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE, AT LEAST ANNUALLY, RELATIONSHIPS THAT COULD GIVE RISE TO CONFLICTS. REPORTING IS DONE AT SEVERAL TIMES DURING THE FISCAL AND ACADEMIC YEAR. EACH FALL (SEPTEMBER) TRUSTEES, OFFICERS, AND KEY EMPLOYEES DISCLOSE ANY KNOWN OR SUSPECTED CONFLICTS ON A WRITTEN CONFLICT OF INTEREST DISCLOSURE FORM. FORMS ARE COLLECTED AT A REGULARLY SCHEDULED BOARD MEETING AND REVIEWED (BY THE AUDIT CHAIR) TO IDENTIFY CONFLICTS. ADDITIONALLY, SEVERAL TIMES DURING THE YEAR, TRUSTEES ARE POLLED AT THE START OF BOARD DISCUSSIONS THAT RELATE TO EXECUTIVE COMPENSATION AND OTHER BOARD MATTERS THAT MIGHT PRESENT CONFLICTS OF INTEREST. TRUSTEES ARE POLLED AT THE START OF THESE DISCUSSIONS TO DECLARE ANY KNOWN OR SUSPECTED CONFLICTS. DECLARATIONS ARE NOTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS CREATED A COMPENSATION COMMITTEE, COMPOSED OF TRUSTEES WHO HAVE NO CONFLICT WITH RESPECT TO COMPENSATION AND ASSISTED BY THE SCHOOL'S INDEPENDENT LEGAL COUNSEL, TO REVIEW EXECUTIVE PAY AND COMPENSATION. THE COMMITTEE REVIEWS COMPARABLE EXECUTIVE SALARY AND COMPENSATION DATA FOR THE SCHOOL'S HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER POSITIONS. THE COMMITTEE REVIEWS COMPENSATION DATA FROM INDEPENDENT SCHOOL DATABASES FOR NATIONAL, CALIFORNIA, AND BAY AREA SCHOOLS. RECOMMENDATIONS FOR HOS AND CFO COMPENSATION, WITH SUPPORTING DOCUMENTATION, ARE PRESENTED TO THE GOVERNING BOARD FOR REVIEW AND APPROVAL, AS APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC PRIMARILY ON A BY-REQUEST BASIS. DOCUMENTS AND STATEMENTS ARE AVAILABLE FOR VIEWING IN THE SCHOOL'S BUSINESS OFFICE. PUBLIC INSPECTION COPIES OF THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE ALSO POSTED ONLINE AT GUIDESTAR.COM. FORM 990, PART XII, LINE 2C: FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PART I, LINE 6: FORM 990, PART I, LINE 6: THE SCHOOL'S PARENTS ASSOCIATION MEMBERS VOLUNTEER AT VARIOUS SCHOOL EVENTS AND FUNCTIONS THROUGHOUT THE YEAR. APPROXIMATELY 350 PARENTS DONATE TIME TO THESE ACTIVITIES EACH YEAR.