2013-02-14T17:10:13-06:00 2012-06-30 946214841 ARMANINO LLP 12667 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834427 990 2011-07-01 237313754 SAN FRANCISCO UNIVERSITY HIGH SCHOOL SANF 4154473100 3065 JACKSON ST SAN FRANCISCO CA 94115 JAMES F CHESTNUT 4154473110 2013-02-11 1 LYNN HENLEY P00356034 9257902600 2011 2016-03-07 17:11:31Z MICHAEL DIAMONTI 3065 JACKSON ST SAN FRANCISCO CA 94115 19766897 0 X WWW.SFUHS.ORG X 1973 CA SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL. 27 27 196 100 0 0 4110237 2314441 13454192 13680475 507115 539543 172439 421582 18243983 16956041 2137548 2170040 0 0 10128362 10399489 0 0 1220963 5544974 6133903 17810884 18703432 433099 -1747391 64275479 60674609 18885248 18650725 45390231 42023884 X SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL SERVING APPROXIMATELY 390 STUDENTS PER YEAR. THE SCHOOL OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM TO A DIVERSE STUDENT BODY. APPROXIMATELY 100 STUDENTS MATRICULATE TO A BROAD RANGE OF COLLEGES AND UNIVERSITIES EACH YEAR. 0 0 14758501 2170040 13566271 SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS A FULLY INDEPENDENT ORGANIZATION FORMED FOR THE SOLE PURPOSE OF PROVIDING A RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL EDUCATION TO AN ETHNICALLY, CULTURALLY, AND ECONOMICALLY DIVERSE STUDENT BODY OF APPROXIMATELY 390 STUDENTS ANNUALLY. THE SCHOOL OFFERS A BROAD, DEEP AND RICH CURRICULUM IN ENGLISH, HISTORY, LANGUAGES, MATH, SCIENCE AND THE ARTS; INCLUDING NEARLY 30 ADVANCED PLACEMENT AND/OR HONORS LEVEL COURSES. THE PERFORMING ARTS CURRICULUM INCLUDES VOCAL, INSTRUMENTAL AND THEATRICAL COURSES. THE STUDIO ARTS CURRICULUM INCLUDES COURSES IN DRAWING, PAINTING, PHOTOGRAPHY AND CERAMICS. THE SCHOOL ALSO SPONSORS A WIDE RANGE OF INTERSCHOLASTIC ATHLETIC TEAMS FOR GIRLS AND BOYS IN THIRTEEN SPORTS. ALL STUDENTS ALSO PARTICIPATE IN A COMMUNITY SERVICE LEARNING PROGRAM THAT SPANS ALL FOUR YEARS OF THE HIGH SCHOOL EXPERIENCE. APPROXIMATELY 100 STUDENTS GRADUATE EACH YEAR WITH 100% GOING ON TO HIGHER EDUCATION. 412933 114204 SUMMERBRIDGE SAN FRANCISCO IS A TUITION-FREE ACADEMIC ENRICHMENT AND ADVOCACY PROGRAM FOR APPROXIMATELY 120 MOTIVATED BUT UNDERSERVED MIDDLE SCHOOL STUDENTS FROM INNER-CITY PUBLIC AND PAROCHIAL SCHOOLS. THE PROGRAM INCLUDES A SIX WEEK LONG FULL-TIME SUMMER ACADEMIC PROGRAM AND REGULAR SCHOOL YEAR TUTORING, ACADEMIC SUPPORT AND ENRICHMENT PROGRAMS. DURING THE SUMMER, STUDENTS TAKE CLASSES IN MATH, WRITING, SOCIAL STUDIES, LANGUAGES, SCIENCE, PUBLIC SPEAKING, HEALTH AND ENVIRONMENTAL EDUCATION, AS WELL AS ELECTIVES IN THE ARTS AND ATHLETICS. THE SCHOOL YEAR PROGRAM FEATURES ENRICHMENT COURSES IN MATH AND ENGLISH, AFTER SCHOOL TUTORING, HIGH SCHOOL COUNSELING AND SECONDARY SCHOOL ADMISSION TEST (SSAT) PREPARATION. APPROXIMATELY 95% OF SUMMERBRIDGE STUDENTS SUBSEQUENTLY ENROLL IN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY HIGH SCHOOLS (UNIVERSITY HIGH SCHOOL AND OTHERS) AND ABOUT 90% GO ON TO FOUR YEAR COLLEGES. SUMMERBRIDGE ALSO EMBRACES A "STUDENTS TEACHING STUDENTS" PHILOSOPHY. MANY OF THE SUMMER COURSES ARE TAUGHT BY ENTHUSIASTIC HIGH SCHOOL AND COLLEGE STUDENTS FROM THE BAY AREA AND ACROSS THE COUNTRY. MENTORED BY A CADRE OF EXPERIENCED PROFESSIONAL TEACHERS, THESE HIGH SCHOOL AND COLLEGE STUDENTS ARE INVOLVED IN ALMOST EVERY ASPECT OF THE SUMMER PROGRAM AS TEACHERS, TEACHER ASSISTANTS, AND IN THE PLANNING AND CONDUCTING OF ACTIVITIES, EVENTS AND FIELD TRIPS. 72% OF SUMMERBRIDGE STUDENT TEACHERS HAVE GONE ON TO WORK OR VOLUNTEER IN SCHOOLS OR OTHER EDUCATION ORIENTED ORGANIZATIONS.PROGRAM EXPENSE IS DIRECT EXPENSES ONLY; WE DO NOT ALLOCATE OCCUPANCY OR OTHER INDIRECT OVERHEAD TO THIS PROGRAM.REVENUES ARE DONATIONS AND INVESTMENT EARNINGS SPECIFICALLY RESTRICTED TO THIS PROGRAM. 15171434 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 49 0 196 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X JAMES CHESTNUT CFO 4154473110 3065 JACKSON STREET SAN FRANCISCO CA 94115 BARBARA BELLA 5.00 X 0 0 0 JAMES COULTER 5.00 X 0 0 0 JASON FISH 5.00 X 0 0 0 CHRIS FITZSIMMONS 5.00 X 0 0 0 HARRY HAIGOOD 5.00 X 0 0 0 PHILIP HALPERIN 10.00 X 0 0 0 KATHRYN NYROP 10.00 X 0 0 0 DONALD BACON 5.00 X 0 0 0 DAN CARROLL 5.00 X 0 0 0 RANDY GRIDLEY 5.00 X 0 0 0 LINDSAY MACE JOOST 5.00 X 0 0 0 MARK KUSHNER 5.00 X 0 0 0 DENISE LEE 5.00 X 0 0 0 DORA MAO 5.00 X 0 0 0 NICOLA MINER 5.00 X 0 0 0 MERIDEE MOORE 5.00 X 0 0 0 ALLYSON PERACCA 5.00 X 0 0 0 DEBBIE GELLER REYNOLDS 5.00 X 0 0 0 ROBIN REYNOLDS 5.00 X 0 0 0 CATHERINE SCHEMBER 5.00 X 0 0 0 JIM SHAPIRO 5.00 X 0 0 0 BILL SHEA 5.00 X 0 0 0 PAMELA TANG 5.00 X 0 0 0 PETER WALD 5.00 X 0 0 0 RICHARD WATKINS 5.00 X 0 0 0 GRANT WINFREY 5.00 X 0 0 0 NADIR SHAIKH 5.00 X 0 0 0 MICHAEL DIAMONTI 40.00 X 413241 0 16500 JAMES CHESTNUT 40.00 X 209664 0 16500 NASIF ISKANDER 40.00 X 159147 0 35064 PATRICIA FOSTER 40.00 X 157825 0 23578 INA CLARK 40.00 X 138336 0 23954 JONATHAN REIDER 40.00 X 127989 0 21972 SUSAN DAVENPORT 40.00 X 120635 0 21072 RACHEL SKIFFER 40.00 X 139450 0 16447 1466287 0 175087 21 0 1 0 SODEXO INC DEPT 880328 LOS ANGELES CA 900880328 FACILITIES MANAGEMENT & MAINTENANCE SERV 718477 APPLE INC PO BOX 846095 DALLAS TX 752846095 COMPUTER HARDWARE & SOFTWARE 486991 DARIOUSH INC 6114 LA SALLE AVENUE 575 OAKLAND CA 94611 STUDENT FOODSERVICE PROVIDER 265848 UNIVERSAL PROTECTION SERVICE PO BOX 101034 PASADENA CA 911891034 SECURITY GUARD SERVICE 183333 THE PRESIDIO TRUST PO BOX 29546 SAN FRANCISCO CA 94129 RENT OF ATHLETIC AND MEETING FACILITIES 168547 6 281881 2032560 153759 2314441 TUITION AND FEES 611710 13381875 13381875 ACTIVITY & PROGRAM FEE 611710 258160 258160 OTHER RELATED INCOME 611710 40440 40440 13680475 514185 514185 477856 308527 169329 169329 169329 2080081 2054723 25358 25358 25358 681083 281881 418942 262141 262141 18776 28664 -9888 -9888 16956041 13680475 0 961125 2170040 2170040 842034 387962 343808 110264 7407322 6010323 768595 628404 496460 405081 64561 26818 1079573 918585 105463 55525 574100 446938 86367 40795 33110 33110 111550 111550 289052 166042 43178 79832 1421038 1207882 142104 71052 78100 61223 12356 4521 460329 391280 46033 23016 1487274 1250682 135881 100711 ACADEMIC DEPARTMENTS 563408 563408 OTHER ACADEMIC RELATED 436459 436459 ADMINISTRATIVE SERVICES 188287 188287 TRANSPORTATION 142158 142158 923138 613371 229742 80025 18703432 15171434 2311035 1220963 3049356 4346626 5959354 4822756 1281999 865348 538658 500569 15781 12296 497353 261271 45200314 15823349 30539334 29376965 22371716 20480367 21928 8411 64275479 60674609 1376078 1437905 6737820 7113070 9919332 8756261 852018 1343489 18885248 18650725 X 14700963 14323773 11368801 8285042 19320467 19415069 45390231 42023884 64275479 60674609 X -1747391 -1618956 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27254498 380488 -594079 1120000 25920907 22428592 1423838 4522068 1120000 27254498 21031272 826024 1671900 1100604 22428592 27351346 54367 -5356034 1018407 21031272 0.05100 0.74900 0.20000 0 0 2828866 2828866 40085165 13873346 26211819 2286283 1950003 336280 29376965 INTEREST RATE SWAP 1343489 1343489 16956041 18703432 -1747391 -1618956 -1618956 -3366347 13614651 -1618956 447606 -1171350 14786001 2170040 2170040 16956041 16980998 447606 447606 16533392 2170040 2170040 18703432 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 100% OF THE SCHOOL'S ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE OVERALL EDUCATIONAL MISSION OF THE SCHOOL. SOME FUNDS HAVE A SECONDARY RESTRICTION OR PURPOSE; SUCH AS FINANCIAL AID, FACULTY SUPPORT, THE SUMMERBRIDGE PROGRAM, ETC., BUT ALL SUCH FUNDS ARE IN FURTHERANCE OF THE SCHOOL'S EDUCATIONAL PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2012 AND 2011, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 418,942. COST OF GOODS SOLD 28,664. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 2,170,040. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 418,942. COST OF GOODS SOLD 28,664. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 2,170,040. 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 INDEPENDENT SCHOOL BUSINESS OFFICERS ASSOCIATION PLACES AN AD ANNUALLY IN THE SAN FRANCISCO CHRONICLE AND SFGATE.COM ON BEHALF OF PARTICIPATING SCHOOLS STATING THE STANDARD NON-DISCRIMINATION POLICY OF ALL SCHOOLS LISTED IN THE AD. THE POLICY STATES THAT THE SCHOOLS DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, ETHNICITY, NATIONAL ORIGIN, RELIGION, GENDER, OR SEXUAL ORIENTATION IN THE ADMINISTRATION OF ITS ADMISSIONS POLICIES, ACADEMIC POLICIES, EMPLOYMENT POLICIES, FINANCIAL AID POLICIES, AND ATHLETIC AND OTHER EXTRA-CURRICULAR ACTIVITIES AND PROGRAMS. APPROXIMATELY 85 SCHOOLS PARTICIPATE IN THE AD, INCLUDING SAN FRANCISCO UNIVERSITY HIGH SCHOOL, MARIN ACADEMY, THE URBAN SCHOOL, THE BAY SCHOOL OF SAN FRANCISCO, THE ATHENIAN SCHOOL, MENLO SCHOOL, HEAD ROYCE SCHOOL, THE HARKER SCHOOL, TOWN SCHOOL, THE HAMLIN SCHOOL, MARIN COUNTRY DAY SCHOOL, SAN FRANCISCO COUNTRY DAY SCHOOL, AND A HOST OF OTHERS. DECORATOR SHOWCASE 962964 281881 681083 108535 93775 216632 962964 281881 681083 108535 93775 216632 418942 262141 1 FINANCIAL AID 82 2170040 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID GRANTS ARE MADE ON AN ANNUAL BASIS AND ARE FOR THE THEN SPECIFIED SCHOOL YEAR ONLY. THE GRANT TAKES THE FORM OF A DISCOUNT TO THE TUITION THEN IN EFFECT, WITH THE ONLY OBLIGATION BEING THAT THE STUDENT MAINTAIN A GOOD ACADEMIC STANDING. ACADEMIC ASSESSMENTS ARE COMPLETELY INDEPENDENT OF THE FINANCIAL AID PROCESS. IF THE STUDENT MAINTAINS THEIR ACADEMIC STANDING AND CONTINUES TO BE ENROLLED IN THE SCHOOL, THE GRANT REMAINS IN EFFECT. IF THE STUDENT WITHDRAWS FROM THE SCHOOL FOR ANY REASON, THE GRANT IS DISCONTINUED. WITH RESPECT TO THE AWARDING OF SUCH GRANTS, THE SCHOOL USES A COMMON FINANCIAL AID APPLICATION SUPPLIED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), A UNIT OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE APPLICATION IS SUPPLEMENTED BY COPIES OF FEDERAL TAX RETURNS AND OTHER SUPPORTING DOCUMENTATION BY THE APPLYING FAMILIES. SSS ALSO PROVIDES A FINANCIAL REVIEW OF EACH APPLICATION, ASSURING THAT ALL APPLICATIONS ARE ANALYZED IN A UNIFORM AND CONSISTENT MANNER. ALL GRANTS ARE BASED STRICTLY ON NEED. A FINANCIAL AID COMMITTEE COMPOSED OF PERSONNEL FROM THE SCHOOL'S BUSINESS AND ADMISSIONS OFFICES REVIEWS EACH APPLICATION AND DETERMINES WHETHER A GRANT WILL BE OFFERED AND THE AMOUNT OF EACH GRANT. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MICHAEL DIAMONTI 358241 0 55000 0 0 0 24500 0 18001 0 455742 0 0 0 JAMES CHESTNUT 199664 0 10000 0 0 0 21976 0 10701 0 242341 0 0 0 NASIF ISKANDER 146647 0 12500 0 0 0 15514 0 19550 0 194211 0 0 0 PATRICIA FOSTER 150325 0 7500 0 0 0 13552 0 10026 0 181403 0 0 0 INA CLARK 138336 0 0 0 0 0 13693 0 10261 0 162290 0 0 0 RACHEL SKIFFER 131950 0 7500 0 0 0 6598 0 9849 0 155897 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE SCHOOL REQUIRES THE HEAD OF SCHOOL TO LIVE IN CAMPUS HOUSING TO ALLOW RAPID RESPONSE TO EMERGENCIES, FACILITATE ATTENDANCE AT FREQUENT AFTER HOURS EVENTS AND PROGRAMS, HOST EVENING PARENT RECEPTIONS, FUNDRAISING EVENTS AND PROFESSIONAL MEETINGS/GATHERINGS, AND OTHERWISE PROVIDE FOR THE CONVENIENT AND EFFICIENT PERFORMANCE OF THE RESPONSIBILITIES OF THE POSITION. ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CGQ7 2005-07-21 8315000 SERIES A - REFINANCE, ACQUISITION AND CONSTRUCTION OF REAL PROPERTY 0 0 0 ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CHZ6 2006-05-11 7170000 SERIES B - RENOVATIONS VARIOUS SCHOOL FACILITIES 0 0 0 8315000 166300 97337 8051363 2006 0 0 1 1 7170000 138400 27026 7004574 2007 0 0 1 1 0 0 1 0 0 0.02000 0.02000 1 0 0 1 0 0 0.01930 0.01930 1 0 1 0 0 0 1 0 1 1 ALLIED IRISH BANK 20.000000000000 0 0 0 0 1 X 10 152656 FMV X FOOD-EVENTS 2 1103 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 AND THE RELATED CALIFORNIA 199 ARE REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER AND ARE THEN PRESENTED FOR REVIEW TO THE MEMBERS OF THE AUDIT COMMITTEE. UPON ACCEPTANCE BY THE AUDIT COMMITTEE, THE CHIEF FINANCIAL OFFICER SIGNS AND SUBMITS THE TAX FORMS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS, EMPLOYEES AND VOLUNTEERS. THE POLICY IS DESIGNED TO IDENTIFY AND ADDRESS ALL SITUATIONS IN WHICH A COVERED PERSON HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN THE OUTCOME OF A TRANSACTION OR ARRANGEMENT WITH THE SCHOOL. COVERED PERSONS ARE EXPECTED TO VOLUNTARILY REPORT POTENTIAL CONFLICTS OF INTEREST TO THE CHAIR OF THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD. OTHER PARTIES MAY ALSO REPORT POTENTIAL CONFLICTS OF INTEREST TO THE BOARD CHAIR OR EXECUTIVE COMMITTEE. THE FULL BOARD OF TRUSTEES IS THE FINAL ARBITOR OF WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, IT SHALL REQUIRE THAT THE PERSON INVOLVED RECUSE THEMSELVES FROM ALL DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVED. THE BOARD, UPON MAJORITY VOTE, MAY PROCEED WITH THE TRANSACTION OR ARRANGEMENT IF, AFTER ADDITIONAL DUE DILIGENCE, IT IS DETERMINED THAT THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTERESTS OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL (I.E. CHIEF EXECUTIVE OFFICER) AND CHIEF FINANCIAL OFFICER ARE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE ENGAGES THE SERVICES OF AN INDEPENDENT CONSULTANT TO REVIEW THE DUTIES OF THE POSITIONS, DEVELOP AND ANALIZE COMPENSATION DATA FROM SIMILAR ORGANIZATIONS, AND MAKE RECOMMENDATIONS TO THE COMMITTEE. ALTERNATIVELY, THE COMMITTEE WILL INDEPENDENTLY SEARCH RELEVANT COMPENSATION DATABASES TO DETERMINE COMPENSATION LEVELS AND TRENDS FOR SIMILAR POSITIONS IN LIKE OR RELATED FIELDS. THE COMMITTEE THEN DETERMINES THE COMPENSATION OF THE INCUMBANTS IN THESE TWO POSITIONS. THIS PROCESS WAS LAST COMPLETED IN MAY 2012. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,618,956. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN B: THE ORGANIZATION HAS IDENTIFIED A HEDGE WITH RESPECT TO THE BOND ISSUE ON ITS BOOKS AND RECORDS. THE TERM OF THE HEDGE IS 10 YEARS FOR 50% OF THE BOND AND 20 YEARS FOR THE REMAINING 50%. 3150 CALIFORNIA STREET LLC 3065 JACKSON STREET SAN FRANCISCO CA 94115 237313754 HOLDS REAL ESTATE CA 477856 6901028