2012-05-14T19:43:20-05:00 2011-06-30 HOOD & STRONG LLP CPAS 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2010-07-01 941633387 NUEVA SCHOOL NUEV 6503482272 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DIANE ROSENBERG 6503482272 2012-05-14 1 ROBERT A DOCILI 4157810793 2010 2016-02-24 21:20:13Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 20483661 0 X WWW.NUEVASCHOOL.ORG X 1967 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K-8. 25 25 183 250 0 0 2680356 3338225 12663781 13619307 731132 312025 -420670 -459451 15654599 16810106 973239 1062022 0 0 7693815 8485329 0 0 589909 6181247 6771818 14848301 16319169 806298 490937 53636661 55900309 15837012 16371345 37799649 39528964 INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K-8. 0 0 10189473 1062022 13619307 THE NUEVA SCHOOL IS A NATIONALLY RECOGNIZED CHILD-CENTERED INDEPENDENT SCHOOL SERVING HIGH ABILITY STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE, EMPHASIZING INTEGRATED STUDIES, CREATIVE ARTS, AND SOCIAL-EMOTIONAL LEARNING. NUEVA OFFERS A CONSTRUCTIVIST PROGRAM, PROJECT-BASED LEARNING, AND SPECIALISTS IN THE ARTS, READING, MATH, SCIENCE, MUSIC, PHYSICAL EDUCATION, SOCIAL-EMOTIONAL LEARNING, LANGUAGES, AND DESIGN THINKING. 10189473 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 76 0 183 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DIANE ROSENBERG 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DENNIS WONG 1.00 X X 0 0 0 BRUCE COZADD 1.00 X X 0 0 0 BONNIE FOUGHT 1.00 X X 0 0 0 LESLIE ITANO 1.00 X X 0 0 0 SUSAN BARNES 1.00 X 0 0 0 DERRICK BOLTON 1.00 X 0 0 0 SAM BRONFMAN 1.00 X 0 0 0 JOY COVEY 1.00 X 0 0 0 EL GRAY 1.00 X 0 0 0 VERNON GRIGG III 1.00 X 0 0 0 ZACK HERLICK 1.00 X 0 0 0 JAMES ISAACS 1.00 X 0 0 0 KARLA JURVETSON 1.00 X 0 0 0 NEERU KHOSLA 1.00 X 0 0 0 SUSANNA LOEB 1.00 X 0 0 0 KAROLY NIKOLICH 1.00 X 0 0 0 KAREN PACE 1.00 X 0 0 0 GEORGE PAVLOV 1.00 X 0 0 0 CLAIRE PERRY 1.00 X 0 0 0 LIBBY RAAB 1.00 X 0 0 0 RUSS SIEGELMAN 1.00 X 0 0 0 K R SRIDHAR 1.00 X 0 0 0 JIM THOMPSON 1.00 X 0 0 0 STEVE VASSALLO 1.00 X 0 0 0 GRACE VOORHIS 1.00 X 0 0 0 DIANE ROSENBERG 40.00 X 276506 0 104563 TERRY LEE 40.00 X 222058 0 14294 MATT BERMAN 40.00 X 113113 0 12596 SHIRLEY DOXTAD 32.00 X 112692 0 12768 JOHN GRIFFIN 40.00 X 0 0 0 MATTHEW LEVINSON 40.00 X 153595 0 10037 WENDY FELTHAM 40.00 X 108436 0 8875 TARYN CLARK 40.00 X 101225 0 8928 1087625 0 172061 7 0 1 0 SODEXO DEPT 43283 LOS ANGELES CA 900883283 BUILDING MAINTENANCE 664265 DARIOUSH INC 6114 LA SALLE AVE 575 OAKLAND CA 94611 CAFETERIA LUNCH & CATERING 317345 CYO TRANSPORTATION 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94015 BUS TRANSPORTATION 256650 TRINET 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 94577 PAYROLL/HR RESOURCES OUTSOURCING 130318 4 2368079 970146 933818 3338225 TUITION AND FEES 611699 11791334 11791334 OTHER PROGRAM SERVICE 611710 1827973 1827973 13619307 284443 284443 3241686 3214104 27582 27582 27582 0 2368079 459451 -459451 -459451 16810106 13619307 0 -147426 1062022 1062022 643878 643878 6485236 5147788 912385 425063 1356215 1009672 262718 83825 29174 29174 25476 25476 4000 4000 1490991 477658 1013333 52254 14650 15234 22370 259032 115267 98989 44776 550271 547906 2365 260944 260944 130951 4396 126555 193369 129699 56180 7490 123130 123130 1387438 1387438 93245 93245 FIELD TRIP EXPENSE 591753 591753 MISCELLANEOUS 548311 301729 240197 6385 INSTRUCTIONAL EXPENSE 397192 397192 HILLSIDE CAFE EXPENSE 244546 244546 STUDENT TRANSPORTATION 242985 242985 146756 146756 16319169 10189473 5539787 589909 741425 1309812 6545423 7766226 526280 218701 3063391 3157942 177898 350312 42099278 8122923 35031780 33976355 6568153 8029758 814402 893280 167909 197923 53636661 55900309 1198138 1218904 11298874 12172441 3340000 2980000 15837012 16371345 X 29106260 29142086 1191911 2458896 7501478 7927982 37799649 39528964 53636661 55900309 X 490937 1238378 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7330538 426504 1541629 367935 8930736 6361538 562542 665118 258660 7330538 5841916 1146832 -451349 175861 6361538 0.88770 0.11230 0 0 4752967 4752967 34566099 6251758 28314341 2780212 1871165 909047 33976355 16810106 16319169 490937 1238378 1238378 1729315 16995059 1238378 -1053425 184953 16810106 0 16810106 15265744 0 15265744 1053425 1053425 16319169 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS INVESTED IN MONEY MARKET FUNDS, MUTUAL FUNDS AND EXCHANGE TRADED FUNDS TO GENERATE GENERAL OPERATING SUPPORT TO THE ORGANIZATION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL IS REINVESTING ALL INTEREST AND GAIN ASSOCIATED WITH ITS ENDOWMENTS. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL AUTHORITIES FOR TAX YEARS BEFORE 2008 AND STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS -1,062,022. SPECIAL EVENT EXPENSE 8,597. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 1,062,022. SPECIAL EVENT EXPENSE -8,597. 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 THROUGH A JOINT NEWSPAPER AD WITH OTHER LOCAL ISBOA MEMBER INDEPENDENT SCHOOLS. THE NUEVA BENEFIT AUCTION 1097767 1097767 135941 2763 312151 NUEVA FUND 1270312 1270312 8597 2368079 2368079 135941 2763 320748 459452 -459452 1 SCHOLARSHIPS 75 1062022 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE NUEVA SCHOOL'S FINANCIAL AWARD GRANTS ARE BASED SOLELY ON FINANCIAL NEED. EIGHTEEN PERCENT OF OUR STUDENTS RECEIVED AN AWARD. WE STRUCTURE OUR AWARDS BY FIRST SERVING THOSE FAMILIES CURRENTLY RECEIVING AID, THEN WE ADDRESS ANY REQUESTS MADE BY ENROLLED FAMILIES WHO HAVE HAD A CHANGE IN THEIR FINANCIAL STATUS. NEXT, WE ADDRESS THE NEEDS OF APPLICANTS. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG 276506 0 0 0 0 0 67250 0 37313 0 381069 0 0 0 TERRY LEE 222058 0 0 0 0 0 5909 0 8385 0 236352 0 0 0 MATTHEW LEVINSON 118595 0 0 0 35000 0 3262 0 6775 0 163632 0 0 0 PART I, LINE 1A MATT LEVINSON RECEIVED A $35,000 HOUSING ALLOWANCE, WHICH WAS INCLUDED IN HIS W-2 WAGES. DIANE ROSENBERG IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000. PART I, LINE 4B DIANE ROSENBERG RECEIVED IRC SECTION 457(F) DEFERRED COMPENSATION OF $55,000. X 11 813760 FAIR MARKET VALUE X AUCTION ITEMS 38 120058 FAIR MARKET VALUE 0 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS GIVING EACH TYPE OF GIFT, NOT THE NUMBER OF ITEMS GIFTED. FORM 990, PART VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR. THE FINANCE DIRECTOR FORWARDED THE FORM 990 TO THE CFO/EXECUTIVE DIRECTOR. THE CFO FORWARDED THE FORM 990 TO THE TREASURER WHO THEN FORWARDED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE CFO/TREASURER/FINANCE DIRECTOR. EITHER THE CFO/TREASURER/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, EXECUTIVE DIRECTOR, OFFICERS AND ALL EMPLOYEES OF THE NUEVA SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE EXECUTIVE DIRECTOR EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE EXECUTIVE DIRECTOR AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE EXECUTIVE DIRECTOR AND THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR EXECUTIVE DIRECTOR. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE COPY OF TAX RETURNS, AUDITED FINANCIALS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,238,378.