2013-11-13T15:13:54-06:00 2013-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2012-07-01 943250488 SEA CREST SCHOOL INC SEAC 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 THOMAS WALTERS 6507129892 2013-11-12 1 ROGER BULOSAN P00221282 4155436900 2012 2016-02-24 21:20:13Z DR TEKAKWITHA PERNAMBUCO 901 ARNOLD WAY HALF MOON BAY CA 94019 5202702 0 X WWW.SEACRESTSCHOOL.ORG X 1996 CA SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER ITS LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 15 15 73 220 0 0 395785 851366 3779995 4220931 8486 145509 36621 38479 4220887 5256285 338929 402553 0 0 2701393 2704510 52800 50600 50600 988117 1126798 4081239 4284461 139648 971824 8748940 9331251 7309822 6918043 1439118 2413208 SEA CREST SCHOOL IS AN INDEPENDENT COASTSIDE COMMUNITY SCHOOL THAT STRIVES TO PROVIDE AN EXCEPTIONAL AND AFFORDABLE ENVIRONMENT FOR ACADEMIC ACHIEVEMENT, INTELLECTUAL GROWTH, ARTISTIC FULFILLMENT, ATHLETIC DEVELOPMENT, AND CIVIC RESPONSIBILITY. 0 0 3284187 402553 4027926 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 42129 193005 AUXILIARY SERVICES PROVIDE AFTERSCHOOL CARE PROGRAMS FOR ATHLETICS, MUSIC, SCIENCE AND OTHER ENRICHMENT PROGRAMS, SUPERVISED BY AFTERSCHOOL CARE, COACHES AND SUMMER ENRICHMENT PROGRAMS. 3326316 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 73 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 1 1 1 1 0 CA X X KELLY SPAETH BUSINESS MANAGER 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 PAMELA IZZO 1.00 X X 0 0 0 KEITH FUKUI 1.00 X X 0 0 0 DAVID HOSILYK 1.00 X X 0 0 0 BARRY FRANKLIN 1.00 X 0 0 0 GREG JOSWIAK 1.00 X 0 0 0 AMY RAMSEY 1.00 X 0 0 0 LAURA LEBER KAMMEYER 1.00 X 0 0 0 GRETCHEN MCDOUGALL 1.00 X 0 0 0 SUSAN MIHARA 1.00 X 0 0 0 TOM MCGUIRK 1.00 X 0 0 0 SHERI OLSON 1.00 X 0 0 0 MIKE POLACEK 1.00 X 0 0 0 CATHY SHELBURNE 1.00 X 0 0 0 BRICE TARLING 1.00 X 0 0 0 ANDRE TURENNE 1.00 X 0 0 0 THOMAS WALTERS 55.00 X 83143 0 6445 KELLY SPAETH 55.00 X 80080 0 12922 BRUCE POLLOCK 0.00 X 194100 0 32114 357323 0 51481 1 1 1 0 0 159877 691489 851366 TUITION 611600 4027926 4027926 AUXILIARY SERVICES 611600 193005 193005 4220931 6334 6334 27780 0 27780 27780 27780 -139175 139175 139175 139175 85592 159877 85592 0 MISC. INCOME 611600 10699 10699 10699 5256285 4220931 0 183988 402553 402553 280096 174919 105177 1963207 1667464 295743 111232 91871 19361 169726 150879 18847 180249 121827 58422 27272 27272 50600 50600 1020 1020 11154 11154 87567 17166 70401 14828 14828 104016 94106 9910 4215 405 3810 2907 1645 1262 211535 211535 265648 212518 53130 61001 48801 12200 MAINTENANCE, EQUIPMENT 137648 123507 14141 CURRICULUM, CLASSROOM S 112528 112528 ATHLETICS PROGRAM 31914 31914 ALL OTHERS 23831 17497 6334 29714 29714 4284461 3326316 907545 50600 137142 890101 2525449 2213269 266472 160458 342065 73251 88512 6889386 2146877 4612261 4742509 1011506 566498 228873 221825 8748940 9331251 540105 424378 2255089 2203665 4365000 4290000 149628 0 7309822 6918043 X 1409157 1805768 16455 594125 13506 13315 1439118 2413208 8748940 9331251 971824 2266 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23505 2974 26479 23314 191 23505 3000 17000 3314 23314 3000 3000 0.38000 0.50000 0.12000 0 0 870118 870118 5267292 1857916 3409376 428510 288961 139549 323466 323466 4742509 COMERICA RESERVE FUND CD 290020 F COMERICA CD BROKERAGE ACCOUNT 250000 F VANGUARD ENDOWMENT INVESTMENTS 26478 F 566498 X 4941590 2266 85592 87858 4853732 402553 402553 5256285 3967500 85592 85592 3881908 402553 402553 4284461 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF ONE INDIVIDUAL FUND ESTABLISHED FOR THE LONG TERM FINANCIAL BENEFIT OF THE SCHOOL AND ITS EDUCATIONAL GOALS AND OBJECTIVES THROUGH PROVIDING ANNUAL SUPPORT FOR THE SCHOOL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 ENTERPRISE 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 JUNE 30, 2013 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2009 THROUGH 2012 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE IRS. IN ADDITION, THE 2008 THROUGH 2012 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY CALIFORNIA. 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 XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE SHOWN NET 85,592. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 402,553. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES SHOWN NET 85,592. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 402,553. 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 SEA CREST PUBLICIZES ITS NON-DISCRIMINATION POLICY ANNUALLY IN THE SAN FRANCISCO CHRONICLE. LAST PUBLICATION WAS MAY 16, 2013. X X X X X 1 WRIGHT CONSULTING 14 ASHDOWN PLACE HALF MOON BAY CA 94019 FUNDRAISING CONSULTING 0 0 0 0 CA AUCTION 111218 67986 43232 13300 800 29132 SCHOLARSHIP RUN 45701 42237 3464 3464 8 88550 49654 38896 38896 245469 159877 85592 13300 800 71492 85592 0 1 FINANCIAL ASSISTANCE FOR TUITION 39 402553 FAIR VALUE OF TUITION TUITION ASSISTANCE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SEA CREST REQUIRES FINANCIAL DISCLOSURE AND PRIOR TAX RETURNS FROM APPLICANTS FOR ASSISTANCE. DECISIONS ARE BASED ON THE FAMILIES CALCULATED ABILITY TO PAY (USING SSS METHODOLOGY) AND THE POOL OF FUNDS AVAILABLE. RECORDS ARE MAINTAINED INDIVIDUALLY FOR EACH FAMILY. X X 1 0 X X X 1 0 0 0 0 0 0 0 0 BRUCE POLLOCK 194100 0 0 0 0 0 0 0 32114 0 226214 0 0 0 PART I, LINE 1A THE FORMER HEAD OF SCHOOL WAS PAID A STIPEND OF $31,500 PER YEAR AS A HOUSING ALLOWANCE AND USE OF PERSONAL RESIDENCE FOR SCHOOL FUNCTIONS, WHICH WAS PAID THROUGH PAYROLL. BETWEEN 1/1/12 AND 6/30/12, $16,500 IN HOUSING ALLOWANCE WAS INCURRED AS A SALARY RELATED EXPENSE, AND ON 6/30/12, $15,000 WAS ACCRUED FOR PAYMENT FROM 7/1/12 TO 12/31/12 AS HOUSING ALLOWANCE. THE CURRENT HEAD OF SCHOOL WAS PAID $6,000 FOR BUSINESS EXPENSE REIMBURSEMENT, WHICH WAS PAID THROUGH PAYROLL. PART I, LINE 4A SEVERANCE PAYMENTS TOTALLING $97,500 WERE MADE TO THE FORMER HEAD OF SCHOOL FROM 7/1/12 TO 12/31/12. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 943250488 130795VV6 2008-08-14 4500000 ACQUISITION, CONSTRUCTION, IMPROVEMENT OF THE SCHOOL 0 0 0 A 4500000 196000 272287 2008 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 COMERICA BANK 5.000000000000 1 1 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 NEW BYLAWS WERE APPROVED IN MARCH 2013. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE MEETINGS WERE HELD AND MINUTES WERE NOT ALWAYS TAKEN, BUT NO COMMITTEE TOOK ACTION ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE RETURN IS REVIEWED BY CFO AND HEAD OF SCHOOL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN A "CONFLICT OF INTEREST" STATEMENT EACH YEAR, AND DISCLOSE ANY POSSIBLE ACTIVITIES WHICH MAY CREATE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE SCHOOL HIRED ITS TOP MANAGEMENT OFFICIAL, IT HIRES A SEARCH FIRM AND DOES SALARY BENCHMARKING AT THAT TIME. SALARY INCREASES ARE IN LINE WITH INDUSTRY STANDARDS. ADDITIONALLY, THE EXECUTIVE COMMITTEE HAS OVERSIGHT AND APPROVAL OF THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE UPON REQUEST. ADDRESS FOR FORMER OFFICER: FORM 990, PART VI, SECTION A LINE 9 THOMAS WALTERS, FORMER HEAD OF SCHOOL 515-1A 2ND STREET SANTA CRUZ, CA 95060 FORM 990, PART XI, LINE 2 (C) THE FINANCE COMMITTEE OF THE BOARD OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS.