2012-12-14T17:17:22-06:00 2012-06-30 264022510 HARRIS & CO PLLC 2289 S BONITO WAY STE 100 MERIDIAN ID 83642 990 2011-07-01 841373475 RIVERSTONE INTERNATIONAL SCHOOL INC RIVE 2084245000 5521 WARM SPRINGS AVENUE BOISE ID 83716 KURT LIEBICH 2084245000 2012-12-04 1 CHERYL GUIDDY P00266294 2083338965 2011 2016-02-24 21:20:13Z KURT LIEBICH 5521 WARM SPRINGS AVENUE BOISE ID 83716 4250289 0 X WWW.RIVERSTONESCHOOL.ORG X 1996 ID THE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT. 12 11 71 200 0 0 304905 417662 3518729 3630322 25004 -18242 138044 83268 3986682 4113010 0 0 0 0 2490045 2623694 0 0 90613 1678104 1808913 4168149 4432607 -181467 -319597 8519425 8512714 6235523 6548409 2283902 1964305 X THE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT. 0 0 3320379 3630322 PRIVATE SCHOOLING PROGRAM DEDICATED TO ACADEMIC EXCELLENCE AND GROWTH OF ITS STUDENTS; APPROXIMATELY 315 STUDENTS SERVED. 3320379 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 71 1 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2084245000 5521 WARM SPRINGS AVENUE BOISE ID 83716 KURT LIEBICH 4.00 X 0 0 0 MORTON HARDWICK 2.00 X 0 0 0 PETER WACHTELL 2.00 X 0 0 0 MARK LIEBICH 2.00 X 0 0 0 BRIAN BAVA 1.00 X 0 0 0 MICHAEL BERGMANN 1.00 X 0 0 0 ANN EDSON 1.00 X 0 0 0 JENNIFER DYE 1.00 X 0 0 0 MICKEY MYHRE 1.00 X 0 0 0 WILL NORTHROP 1.00 X 0 0 0 JOHN SIMS 1.00 X 0 0 0 NICOLE TOELDTE 1.00 X 0 0 0 ROBERT CARIGNAN 50.00 X 74250 0 7439 ANDREW DERRY 50.00 X 80500 0 9369 154750 0 16808 0 0 0 0 0 417662 6308 417662 TUITION AND FEES 611110 3419017 3419017 STUDENT ACTIVITIES 611110 211305 211305 3630322 17983 17983 56275 92500 -36225 -36225 -36225 128047 44779 83268 83268 4113010 3630322 0 65026 115201 87476 24232 3493 2036708 1546529 428423 61756 278814 211711 58649 8454 192971 146528 40592 5851 1182 1182 8000 8000 55535 55535 53018 53018 12053 12053 181560 154008 24082 3470 20959 20959 26344 26344 250384 250384 250283 190047 52647 7589 70880 70880 FACULTY REMISSION 137028 137028 STUDENT ACTIVITIES 133023 133023 SUPPLIES 107541 102100 5441 OUTDOOR ACTIVITIES 92500 92500 408623 389193 19430 4432607 3320379 1021615 90613 71625 113791 13729 14776 29291 32320 100415 74510 3000 20645 21545 9320247 1192930 8040918 8127317 135831 128455 103971 0 8519425 8512714 352986 454376 449900 560963 675275 621000 4411000 4489337 154100 246278 192262 176455 6235523 6548409 X 2208129 1877400 75773 86905 2283902 1964305 8519425 8512714 -319597 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X DECORATIVE ART 0 1368000 1368000 6748728 734104 6014624 642673 115934 526739 558975 342892 216083 1871 1871 8127317 INTEREST RATE SWAP 168550 CAPITAL LEASE 7905 176455 4113010 4432607 -319597 -319597 4212756 18742 18742 4194014 -81004 -81004 4113010 4532353 18742 18742 4513611 -81004 -81004 4432607 PART III, LINE 4: DURING THE FISCAL YEAR ENDING JUNE 30, 2004, THE SCHOOL PURCHASED A COLLECTION OF ARTWORK WITH FUNDS BORROWED FROM A MEMBER OF THE BOARD. DURING THE FISCAL YEAR ENDING JUNE 30, 2006, THE SCHOOL PURCHASED A COLLECTION OF ARTWORK WITH FUNDS BORROWED FROM A MEMBER OF THE BOARD. THE COLLECTIONS WERE RETURNED DURING THE YEAR TO THE WATCHELL FOUNDATION FOR THE VALUE OF THE DEBT CARRIED ON THE BOOKS FOR A LOSS OF $38,225. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAIN TAX POSITIONS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2012 OR 2011. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUES -44,779. LOSS ON SALE OF ASSETS RECLASSIFIED FROM EXPENSES -36,225. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE NETTED AGAINST REVENUES -44,779. LOSS ON SALE OF ASSETS RECLASSIFIED FROM EXPENSES -36,225. 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 NONDISCRIMINATORY POLICY PUBLISHED IN LOCAL NEWSPAPER. AUCTION 128047 128047 4804 1997 10894 1800 25284 128047 128047 4804 1997 10894 1800 25284 44779 83268 WACHTELL FAMILY FOUNDATION LAND PURCHASE X 621000 621000 0 1 1 621000 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD OF TRUSTEES, KURT LIEBICH AND MARK LIEBICH, HAVE A FAMILY RELATIONSHIP. ONE MEMBER OF THE BOARD OF TRUSTEES, PETER WACHTELL, DOES NOT QUALIFY AS INDEPENDENT DUE TO HIS AFFILIATION WITH THE WACHTELL FAMILY FOUNDATION, WHICH HOLDS A LOAN AS REPORTED ON SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS DISTRIBUTED TO ALL TRUSTEES. THE TRUSTEES REVIEW THE FORM 990 BEFORE FILING AND REPORT ANY ITEMS OF CONCERN. THE BOARD OF TRUSTEES VOTES TO APPROVE THE FILING OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CHAIR MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IF ANY TRUSTEES BELIEVE A CONFLICT OF INTEREST EXISTS, THEY ARE EXCLUDED FROM COMMENTING AND VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE EMPLOYMENT CONTRACTS ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MAINTAINED AT THE ORGANIZATION'S PLACE OF BUSINESS AND MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR.