2013-06-17T10:06:09-05:00 2012-07-31 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2011-08-01 770530703 GERMAN INTERNATIONAL SCHOOL OF SILICON VALLEY GERM 6502540748 310 EASY STREET MOUNTAIN VIEW CA 94043 KAI GOEBEL 6502540748 2013-06-13 1 ROGER BULOSAN P00221282 4155436900 2011 2016-03-07 17:11:31Z DR KAI GOEBEL 310 EASY STREET MOUNTAIN VIEW CA 94043 7377401 0 X WWW.GISSV.ORG X 1999 CA THE SCHOOL PROVIDES GERMAN GOVERNMENT-ACCREDITED ELEMENTARY AND SECONDARY EDUCATION. 9 9 82 250 0 0 331046 382320 3972592 6494120 13422 -4432 16483 477506 4333543 7349514 0 1300164 0 0 2489982 3399264 0 0 0 1369217 2731460 3859199 7430888 474344 -81374 3093789 3012356 749751 1115687 2344038 1896669 X THE SCHOOL HAS COMMITTED ITSELF TO ENSURING STUDENTS REACH THEIR FULL ACADEMIC POTENTIAL IN A NURTURING ENVIRONMENT THAT FOSTERS CRITICAL AND IMAGINATIVE THINKING, A PASSION FOR LIFELONG LEARNING AND AN APPRECIATION FOR CULTURAL DIVERSITY. 0 0 6393200 6494120 THE GERMAN INTERNATIONAL SCHOOL OF SILICON VALLEY (THE SCHOOL) IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED IN 1999 IN MOUNTAIN VIEW, CALIFORNIA, AND OFFERS A MULTILINGUAL, MULTICULTURAL EDUCATION TO STUDENTS FROM PRE-SCHOOL THROUGH 12TH GRADE. MEETING THE STRICT ACCREDITATION REQUIREMENTS OF THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC) AS WELL AS THE GERMAN GOVERNMENT, THE SCHOOL IS THE ONLY INSTITUTION IN THE WESTERN PART OF THE UNITED STATES TO OFFER DUAL DIPLOMAS UPON GRADUATION, THE GERMAN INTERNATIONAL ABITUR (DIAP), AS WELL THE CALIFORNIA HIGH SCHOOL DIPLOMA - QUALIFYING GRADUATES FOR ACCEPTANCE INTO THE BEST AMERICAN AND EUROPEAN UNIVERSITIES. WITH THREE LOCATIONS THROUGHOUT THE SAN FRANCISCO BAY AREA (MOUNTAIN VIEW, BERKELEY, AND SAN FRANCISCO) THE SCHOOL CURRENTLY SERVES THE NEEDS OF OVER 470 STUDENTS. 6393200 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 82 1 0 1 GM 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 1 1 1 1 0 CA X ANDREA SPIEGELBERG 6502540748 310 EASY STREET MOUNTAIN VIEW CA 94403 X DR KAI GOEBEL 10.00 X X 0 0 0 WERNER KOELE 5.00 X X 0 0 0 CHRISTIANE OHLGART 5.00 X X 0 0 0 MARK NITZBERG 5.00 X 0 0 0 CAY HORSTMANN 5.00 X 0 0 0 INA REICHEL 5.00 X 0 0 0 MASCHA RODECK 5.00 X 0 0 0 KEVON WADE 5.00 X 0 0 0 SEV DAUDERT 5.00 X 0 0 0 MARTIN FUGMANN 40.00 X 0 0 0 ANDREA SPIEGELBERG 40.00 X 41667 0 750 41667 0 750 0 0 0 0 0 366253 16067 382320 TUITION 611600 6494120 6494120 6494120 345988 0 345988 345988 345988 4432 -4432 -4432 -4432 40551 23455 17096 17096 OTHER INCOME 611600 74434 74434 FIELDTRIPS 611600 39988 39988 114422 7349514 6954530 0 12664 1300164 1300164 100000 100000 2941114 2605938 335176 158681 128532 30149 199469 171277 28192 8520 8520 12500 12500 222430 156159 66271 78582 78582 253622 253622 91994 91994 1310251 1035053 275198 17713 17713 1297 1297 402506 346155 56351 27739 27739 OTHER EXPENSES 185237 185237 NET FOREIGN EXCHANGE LO 119069 119069 7430888 6393200 1037688 0 415973 916410 1343799 58137 6318 37781 276468 2178426 721712 714513 1456714 523586 356446 3093789 3012356 205775 114045 493976 605065 2125 115472 50000 278980 749751 1115687 X 2344038 1889296 0 7373 2344038 1896669 3093789 3012356 X -81374 -365995 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1425884 519921 905963 420893 159230 261663 331649 42561 289088 1456714 OTHER RECEIVABLES 13018 DEPOSIT IN ESCROW 110000 DEFERRED RENT ASSET 87454 DEPOSITS 145974 356446 LEASE DEPOSIT 50000 DEFERRED RENT LIABILITY 228980 278980 7349514 7430888 -81374 -365995 -365995 -447369 7265016 -84498 -84498 7349514 0 7349514 7346390 1215666 1215666 6130724 1300164 1300164 7430888 PART IV, LINE 2B: THE SCHOOL HOLDS FUNDS FOR VARIOUS CLUBS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. 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 JULY 31, 2012 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2008 THROUGH 2011 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2007 THROUGH 2011 TAX YEARS 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 XII, LINE 2D : ($84,498) IS THE NET OF $1,215,666 - THE FACULTY SALARIES AND BENEFITS THAT ARE PAID AND HIRED DIRECTLY FROM THE GERMAN GOVERNMENT FOR THE SCHOOL AND ($1,300,164) - FINANCIAL AID AWARDS AND DISCOUNTS FOR SCHOOL YEAR 11/12. PART XIII LINE 2D: $1,215,666 REPRESENTS THE FACULTY SALARIES AND BENEFITS THAT ARE PAID AND HIRED DIRECTLY FROM THE GERMAN GOVERNMENT FOR THE SCHOOL. $1,300,164, REPRESENTS THE FINANCIAL AID AWARDS AND DISCOUNTS FOR SCHOOL YEAR 11/12. 1 1 1 0 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 RACIAL NONDISCRIMINATORY POLICY IS STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 THE SCHOOL SIMPLY DO NOT COLLECT OR TRACK RACIAL COMPOSITION OF EITHER STAFF OR STUDENTS. EUROPE 0 0 FUNDRAISING 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VARIOUS FUNDRAISING ACTIVITIES 40551 40551 23455 40551 40551 23455 23455 17096 0 FINANCIAL AIDS AND DISCOUNTS TOWARD TUITION 261 1300164 FMV REDUCTION IN TUITION AT SCHOOL FORM 990, PART VI, SECTION A, LINE 7A THE CURRENT FAMILIES ELECT THE NEW BOARD MEMBERS DURING THE ANNUAL SOCIETY (PARENT) MEETING. AN ELECTION COMMITTEEE MOITORS THE ELECTIONS AND MAKES SURE ALL PROCEDURES ACCORDING TO OUR BY-LAWS ARE ADHERED TO. CANDIDATES FILL OUT A FORM AND PRESENT THEMSELVES TO THE PARENTS WHO THEN VOTE. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE COMPLETED FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR AT THE FIRST BOARD MEETING FOLLOWING THE ELECTION OF NEW OFFICERS, THE CONFLICT OF INTEREST POLICIES AND OTHER BOARD RULES ARE REVIEWED WITH ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE REVIEWS SALARIES, APPROVES ALL SALARY CHANGES AND APPROVES ALL NEW HIRES. FORM 990, PART VI, SECTION C, LINE 19 MOST GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE, OTHERS CAN BE INSPECTED UPON REQUEST. FINANCIAL REPORTS ARE ALSO PRESENTED AT THE SEMI-ANNUAL PARENT SOCIETY MEETINGS. FORM 990, PART VII, LINE 10 THE PRINCIPAL OF THE SCHOOL IS COMPENSATED BY, AND HIRED DIRECTLY FROM, THE GERMAN GOVERNMENT FOR 138,960 EUROS (OR APPROXIMATELY $180,648 IN U.S. DOLLARS) FOR THE SCHOOL YEARED 2011/12. ACCORDINGLY, A W-2 WAS NOT ISSUED AND HIS SALARY INFORMATION IS NOT DISCLOSED ON FORM 990, PART VII. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -365,995. FOR THE FIRST TIME, EFFECTIVE FOR THE YEAR ENDED JULY 31, 2012, THE SCHOOL'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTANT. AS A RESULT, A NUMBER OF ADJUSTMENTS WERE IDENTIFIED TO CORRECT THE OPENING NET ASSETS. THE EFFECT OF THESE ADJUSTMENTS IS AS FOLLOWS: BEGINNING OF YEAR, AS PREVIOUSLY REPORTED ON FORM 990 $2,344,038 FYE 2011 FIXED ASSETS TO ACTUAL ($123,415) FYE 2011 TUITION REVENUE ($43,408) FYE 2012 PREPAID TO ACTUAL $84,203 FYE 2011 DEPOSIT TO ACTUAL ($2,955) FYE 2011 DEFERRED RENT ASSETS TO ACTUAL 124,099 FYE 2011 ACCOUNTS PAYABLE TO ACTUAL ($99,913) FYE 2011 NOTESS PAYABLE TO ACTUAL ($39,649) FYE 2011 OTHER LIABILITIES TO ACTUAL $9,906 FYE 2011 DEFERRED REVENUE TO ACTUAL $43,358 FYE 2011 DEFERRED RENT LIABILITIES TO ACTUAL ($318,221) BEGINNING OF YEAR, AS RESTATED $1,978,043